Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • ROOMS:

Central Florida Homeowners Face Rising Insurance Premiums Amid Climate Challenges

By: PRLog

In light of escalating climate-related disasters and rising construction costs, Central Florida homeowners are confronting unprecedented hikes in home insurance rates, with average premiums expected to reach nearly $12,000 annually. This surge complicates both owning and selling homes in disaster-prone areas, demanding innovative strategies for managing insurance costs without compromising coverage.

ORLANDO, Fla. - April 3, 2024 - PRLog -- In an era where climate and weather events are causing historic damage across the United States, Central Florida homeowners find themselves at a crossroads. With 28 weather-related disasters in 2023 alone, each causing at least $1 billion in damages, the ripple effects are palpable in the skyrocketing home insurance premiums in 2024. This situation is exacerbated by increased construction labor and supply costs, making home repairs more expensive and driving insurance rates even higher. As a result, Central Florida residents face an average home insurance premium of almost $12,000 per year, a steep rise that places significant financial strain on homeowners and potential buyers alike.

Bent Danholm, a luxury real estate marketing expert at MAXIM Realty Orlando, emphasizes the importance of proactive measures in navigating these challenges. "The recent surge in home insurance premiums represents a critical concern for homeowners and sellers in Central Florida," says Danholm. "However, there are strategies to manage these costs effectively, ensuring financial security without sacrificing the enjoyment of your home."

Danholm outlines six key strategies for homeowners to mitigate the impact of rising insurance costs. These include shopping around for multiple quotes, increasing deductibles, bundling insurance policies, inquiring about available discounts, avoiding small claims, and being strategic about home improvements. Each approach offers a pathway to potentially significant savings, underscoring the importance of informed decision-making in securing affordable, comprehensive coverage.

Furthermore, Danholm's expertise underscores the necessity of consulting with knowledgeable insurance professionals to tailor coverage to individual risks and needs, ensuring homeowners can protect their investments without undue financial burden.

About Bent Danholm: Bent Danholm is a Luxury Real Estate Marketing Expert at MAXIM Realty Orlando with over 30 years of experience. As a Luxury Real Estate Marketing Expert and licensed Real Estate Broker, he has carved out a niche as an authority and industry expert on high-end properties. His innovative marketing strategies and a reputation for professionalism, integrity, and trustworthiness have consistently set him apart as a leader in his field.

Bent's approach is defined by his commitment to providing personalized service to an exclusive clientele. His expertise in catering to each client's unique needs has earned him a well-deserved reputation as a reliable and knowledgeable partner in luxury real estate transactions, elevating the standards of luxury real estate marketing.

For more information or to schedule an interview with Bent Danholm, please contact (407) 288-0704 or visit

Bent Danholm

Photos: (Click photo to enlarge)

Bent Danholm Logo 6 strategies to save big on homeowner's insurance Bent Danholm, Real Estate Marketing Expert

Source: Bent Danholm

Read Full Story - Central Florida Homeowners Face Rising Insurance Premiums Amid Climate Challenges | More news from this source

Press release distribution by PRLog

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.