Occasionally we have customers contact us during the home buying process and ask if there are certain types of homes that have lower insurance rates than other types of home. While there are many factors that go into determining the insurance rates. There are three things that you should look for that when combined can save you a lot of money on your home insurance.
First thing is the age of the home….
The first thing is the age of the home. The building code in Florida changed in 2001 and any home built after March 1, 2002 is built to the 2001 building code. Any home built prior to March 1, 2002 is not up to code but the home is grandfathered in.
Second thing is the construction type….
Masonry construction homes will have lower insurance rates than frame construction homes. Quick note here, if the exterior walls of a home are a combination of masonry and frame construction, such as a masonry construction first floor and a frame construction bonus room, the insurance company will generally allow you to keep the masonry construction rating so long as the exterior walls are at least 67% masonry construction.
The third thing is the roof shape….
Lastly, roof shapes matter. Generally speaking, if the roof perimeter is at least 90% hip than you will get the greatest roof shape discount. A hip roof has slopes on all sides – kind of like the great pyramids.
In summary….
Now if you combine all these features together – a masonry home built after March 1, 2002 with a hip shaped roof – your insurance will be much lower than the alternative. In fact, I randomly selected two local houses in the same zip code – one was frame construction with a gable roof built in 2000 and the other was a masonry home with a hip roof build in 2002 and there was a twelve hundred dollar difference in the cost of insurance.
Want to see what insurance rates look like in your area? Get a quote online at shopitnow.chrinco.com or give me a call at 321-586-3754. Chrinco.com – insurance simplified.
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