The Real Deal Miami

Homeowners buying too much insurance?

May 26, 2011 09:35AM

Florida homeowners purchase 20 percent more coverage for their
belongings than they actually need, according to research by Security
First Insurance. According to the data, condominium owners have about 10
percent less coverage than is necessary. Security First intends to
implement a tool called Enservio to calculate how much coverage to buy.
“Do you really know how many pairs of shoes your wife owns or how many
pairs you own?” Security First president Locke Burt said. “You will have
the comfort of knowing you have enough insurance … but not too much.” [Sun
Sentinel]