Jan312012

Critical Home Insurance Changes

I recently attended a very informative and eye-opening seminar about home insurance issues, given by Ralph Cabal of Cabal Inspection Services and Gisela Castro of EWM Insurance.

Living in Coral Gables and Coconut Grove, homeowners know the cost implications of property insurance. Many of us are diligent about securing discounts and credits pertaining to our doors, roofs and other enhancements.  Unfortunately, however, it has become more and more difficult to secure insurance credits on your home even when you think you have done everything possible to meet the Windstorm requirements for discounts, as an example.

You may have recently received a call from Citizens requiring “re-inspection” of your home—I did! Even if you just recently closed on your home and just paid a licensed home inspector for the insurance-required Mitigation report, you are not immune. The Citizen’s re-inspectors apparently are intent on finding any lapses so that they can remove credits that you’ve been given in the past. The newest iteration of the Mitigation report rolls out February 1st, with more restrictions than before. I will share it with you as soon as it becomes available.

Big tip for the day: If you are installing impact resistant windows/doors in your home, KEEP the sticker on the window/door frame. Otherwise, if you remove it or paint over it, you may not get credit for any hurricane protection in your house! Yes, you read that correctly! When buying or selling your home, rest assured I will make sure you are best informed to get your deal to closing.

If you are interested in selling or buying real estate in Coral Gables or Coconut Grove, please contact me and benefit from my Strength of Experience.

305.710.1010 | [email protected] | facebook.com/CaroleSmithMiami

As a top producer with over 20 years experience, I invite you to contact me if you are interested in listing your Coconut Grove or Coral Gables home for sale. Thinking of buying a Coral Gables or Coconut Grove home for sale? Benefit from the Strength of My Experience and call me today.

305.710.1010 | [email protected] | facebook.com/CaroleSmithRealtor

Affiliated with EWM REALTY International | Christies International of Coral Gables

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