All Brevard
Certified Appraisals
Thomas M. Hayes
All Brevard Certified Appraisals, Inc.
1834
Aurora Road
Melbourne, Fl. 32935
321-259-6640
Fax 321-259-6625
Email me at info@abcappraisals.net
Lic Appraiser Since 1986
Lic Real Estate Broker Since 1980
Are the Insurance Companies Taking Advantage of You?
Just a few years
back we were at the top of the market and most people believed it would never
end and real estate never drops in value. And we all live happily ever after:
The story has come to an end and back in the real world the air is anything but
fresh and most of us are just trying to survive. The good news is real estate
is always changing and since we seem to be at the bottom of the market we are
looking forward to better times.
In the present market we are all trying to save money and keep ahead of the bills. Well I have found away to save money on your home insurance. With no hurricanes in 2009, insurance companies should have deep pockets but they don’t want to give any breaks to the little guys. In my normal appraisal practice, I have been asked repeatedly by my clients to provide an accurate “Cost to Replace” report for the purpose of an insurance premiums quote. Clients have benefited greatly and as a result, are experiencing savings of hundreds of dollars of premiums per year.
You probably wonder why the insurance companies want to value your homes at almost double. Well the first is what you would think they want the premiums but the value of the home sets the value for the contents of your home is higher. The hidden agenda here is your deductable increases as a percentage of the homes replacement cost value.
Example:
In Melbourne an elderly woman had a 1,000 square foot home, built in the
60’s with 1 carport. The Insurance Company had the replacement for the
home at $165,000 and with my analysis worked out to be $76,000.
Premiums were double, home contents was double (at $83,000) and the
deductable for hurricanes was DOUBLED. She paid double for her
home insurance.
Not all companies will work with you and some agents don’t want you to
challenge the numbers because they would need to double there business
to make what they are making today. The savings
varies 30 to 40%, not all companies will consider the report and most
agents don’t want you to know about it in the hopes of continuing there
flow of business. The choice is yours.
Let me help you save on your home owners insurance cost by my low cost
home evaluation appraisal. Call me at (321) 259-6640 for a Free
consultation.
