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As affordable Home Insurance in Florida gets more difficult to achieve, it is extremely important for home owners and future home owners to fully informed before buying a new home or shopping for new home owners insurance.
If one of these six conditions at home, “Buyer Beware” that insurance can be difficult and possibly impossible to tie.
1) Fuse Panel
A properly install FUSE PANEL by itself is generally not a security problem, however, most insurance companies have banned this type of electric service for all new policies written. There are a number of reasons, some of them are listed below.
The main security issues of fuses come into play when the homeowner Replace a blown fuse with too large of a security (ie blown 15 amp safety are 30 amp security that is available to the utility room shelf). The circuit is designed to “blow” if the load is greater than 15 amperes travels. Now “trigger” is set at 30 amps. An Extra 15 amps just might be enough for wiring or other parts to warm up enough to cause a fire or other serious injury or damage.
A typical security panel can be replaced with circuit breaker panel for $ 750 to $ 2,000 for other upgrades that may have to be replaced. Always get at least three quotes from reputable contractors before authorizing any work.
2) Knob and Tube Wiring
Knob and Tube Wiring (D & T) was used from 1880 into 1930. This early method wiring did a great job for many years and is still used today in some choose the government and industry. Although this old rubber or cloth coated wiring for strings by the porcelain buttons has outlived its useful life and is no longer eligible for insurance or even legal in residential applications at the National Electrical Code.
An average size of the return wire can run from $ 8,000 to $ 20,000 for an individual organization and access to electrical components. Always get at least three quotes from reputable contractors before authorizing any work.
3) Aluminum Branch It
In Florida, Aluminum Wiring has been in the spot light since 2010, when tens of thousands of Florida home owners learned they could not get insurance if they have this common wiring that was often used between 1965 and 1973.
Aluminum wiring is known to “cold creep”. Wiring expands as it heats up and contracts as it cools, this can cause the wire to come loose connection and this can cause an arc that can warm up fixtures and start cooking. Aluminum oxidizes over time also can contribute to this fire safety issues.
There are two options to get insurance if you have aluminum wiring branches. First and most expensive (but one which we highly recommend) is completely rewire your branch wiring to copper. This can cost, on average, $ 8,000 to $ 20,000 depending on how easy or difficult electrical components are accessed.
The second option is to use AlumiConn or Copa crimps which effectively crimp copper “pig tail” of the aluminum wire so that the copper wiring is that it is a connection to the electrical fixture phone. This option, on average, costs between $ 1,500 and $ 3,000 depending on how many electrical fixtures are at home. We recommend staying away from this as possible as we fear the ever changing insurance industry may eventually outlaw the crimp process as well. We also do not like the idea of going from average fixture with 3 connections have 6 connections. The more connections more probability of failure.
4) Less than 100 Amp Electrical Service
A recent industry shift in our “energy hungry world ‘is require homes to 100 amps or more of service feeding home. With heavy electricity consumption average homeowner uses insurance seem to be afraid that my service can overheat when typical high consumption devices.
The cost of upgrading the electrical service can be depending on whether the size of wiring can handle the increased electrical load. If this is not possible, the feeder line will also be replaced. As always, get at least three quotes from reputable electrical contractor.
5) polybutylene Plumbing
This popular plumbing pipe was used extensively throughout the 1980s and in the early 1990’s. It is usually “blue or gray colored”, is flexible and has caused flood damage to thousands of homes across the country. Up until recently some insurance companies do not ask about the type of plumbing pipe so drugs would put homeowners with those companies, however, starting September 1, 2012 Citizens Insurance Company guilty especially polybutylene Plumbing.
The typical return plumbing costs can run from $ 4,000 to $ 10,000 for ease of running a new pipe (in attics or under households). We recommend copper or CPVC piping that some insurance companies are also taking issue with PEX piping that has become very popular over the past decade. We will cover more on Pex a later article.
6) Roof with less than 3 years life
The final INSURANCE DEAL KILLER in today’s article deals with the first line of defense in the wind or rain event, THE ROOF! If your roof has less than three years of useful life left in it that you may be denied insurance coverage. In the hot Florida sun, our average three tab shingle roof will last between 10 and 15 years. The average dimensional shingle roof will last between 15 and 25 years. Other popular options are roofing tiles and metal roofing. These options have a significantly longer life expectancy up by 50 years if installed and maintained properly.
A re-roof is usually calculated on a per square meter basis. A square is equal to 100 sq ft of shingles. The Pensacola area in the square cost can run anywhere from $ 225 to $ 300 per square meter, an average rate of 30 square roof costs between $ 6,750 and $ 9,000 depending on the quality of products used.
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Source by P Mark Taylor