Don't Let Insurance Fears Delay Your Florida Home Purchase

By Shoba Jagernauth

With over 30 years in sales, 15 in banking, and a proven track record in negotiation and transaction management, Shoba Jagernauth offers an unparalleled level of expertise. As a member of Coastal Properties Group International and Forbes Global Properties, she provides clients with exclusive access to a global network of real estate opportunities.

Are insurance costs keeping you on the fence about buying a home in Florida? After the hurricanes we experienced last year, a lot of my clients have been asking the same thing. It’s a real concern I’ve been hearing as more buyers think home insurance has become unaffordable. That’s why I sat down with Jonathan Shupe from Shupe Lending Group to discuss the latest updates and what buyers should actually expect in Florida’s market.

Insurance isn’t the dealbreaker you think it is. We just saw a 0.7% decrease in rates according to the latest update from the Pinellas Realtor Organization. This is due to more private carriers starting to return to Florida. Plus, Citizens Insurance is about to require everyone to carry flood insurance, even those not in high-risk flood zones.

What does this mean for you? We can look at where you’re buying and figure out what flood zone you’re in. If you’re not in one, you may not have to carry that extra coverage. We always shop around for the best rates because keeping your monthly payment affordable is our goal. We also have a network of brokers to help make that happen.

The idea that insurance costs are too high to buy a home is not true. I’m also still offering a $2,000 credit toward your closing costs, and we’re always ready to negotiate the best terms possible for you.

If you’re curious about what your numbers might look like or just want to talk through your options, don’t hesitate to reach out. You can call me at 727-410-6075, and Jonathan at 813-526-9631. We’re here to help you decide if now is the right time to buy and guide you every step of the way.