Purchasing a home in Florida can be challenging, especially when it comes to securing home insurance. Many providers have left the area due to the risks and costs associated with covering homes frequently exposed to hurricanes and other natural disasters. This creates a serious obstacle for potential homeowners. Without home insurance, you may face higher mortgage costs and lack protection against hurricanes or floods. So, what are your options? Here’s what you should consider when buying a home in Florida and how Hamilton Fox & Company Inc. in Pinecrest, FL, can assist you.

What to Do If You’re Experiencing Insurance Issues

If you’re struggling to find home insurance or have been dropped by your provider, the first step is to explore other insurance companies. Some providers may still operate in your area, giving you the opportunity to switch and maintain coverage for your home. If you find that no private insurance solutions are available, you can turn to Florida’s FAIR plan.

The FAIR plan, officially known as the Citizens Property Insurance Corporation, is a consortium of private insurance companies that serves as a last-resort option for homeowners. While it may not offer the comprehensive coverage you desire, it provides a basic level of protection, which is far better than having no coverage at all.

Keep Your Home Covered with Hamilton Fox & Company Inc.

If you’re searching for a new home insurance policy, Hamilton Fox & Company Inc. in Pinecrest, FL, can simplify the process of finding and comparing quotes. Contact us today to request quotes and ensure your home is protected.