From the desk of Kristin Vincelli, Broker Beachwise Real Estate
TRUE STORY! Just last week I helped find my buyers a beautiful waterfront home on Treasure Island this past week for $2,400,000. I have been seeing home insurance premiums somewhat stabilize the last 6 months but never thought we could see rates dropping.
When I saw the HOME INSURANCE quote, I couldn't believe it at first, the actual numbers were $2,549 a year for hazard and $840 for flood. What was amazing was this home is right on the water in a flood zone. I knew the flood would be low since the home sets up 14 ft, but $840 was pretty amazing. For the hazard policy in that area to be that low was pretty amazing as well considering the location, square footage with a boat slip and over 10 years old.
Looked into it a little more.
Turns out it could be true:
Why Pinellas Homeowners Pay $6,000 LESS in Insurance Than Miami? https://www.worthinsurance.com/.../florida-homeowners...
What to Expect in 2025, compared to Miami-Dade residents paying $8,854. This massive cost difference makes Pinellas increasingly attractive to buyers fleeing high-insurance are
Check out the top 5 in the state for lowest premiums
https://floridaallrisk.com/best-homeowners-insurance-in.../
It does help to have a great insurance agent to refer clients to. If you would Eric's information you can contact me by email, DM or preferred by text.
HAVE YOU NOTICED rates coming down recently? I would love to hear YOUR THOUGHTS. Reach back out to Stephen or Kristin Vincelli.
Stephen Vincelli, Beachwise Real Estate
Meet Team Beachwise
Kristin, Tom, Stephen, Zyon, Jafar and Ken
*Thinking of selling in this market? Let us show you how we do it. Call 727-686-1596, or email Kristin@Beachwiserealestate.com.
*Ready to buy a home or condo? What does that perfect home look like? Tell us here.
*Or maybe you need some expert opinions on the state of the market? Text Stephen at 727-430-1995.
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Office #727-214-2420
600 Cleveland St, Suite 219
Clearwater, Fl 33755
Kristin Vincelli Real Estate Broker Lic #BK3311032 (727) 686-1596
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