Ep. 207 - What Can Home Buyers Do to Lower Their Insurance Costs?

Is your insurance costing more than it should? In episode 207, your host Quinton Harris talks about the pressing issue of rising insurance premiums and shares practical strategies for home buyers to reduce their costs. From homeowner’s insurance in Florida to the impacts of wildfires in California, Quinton explores how climate risks are driving insurance rates up and what buyers can do to navigate these increases.

Quinton shares insights on leveraging tools like flood and fire risk assessments, along with tips on how to lower premiums by addressing key factors like home age, roof condition, and even transferring existing insurance policies. Whether you're a current homeowner or a buyer looking to protect your investment, this episode gives you practical advice to help you mitigate insurance costs and secure the best possible rates.

[00:00] - Introduction to storm seasons and insurance impacts

[03:27] - Tracking hurricanes and their long-term economic effects

[06:31] - How rising insurance costs affect buyer psychology

[08:28] - Major sites when people look for a home 

[09:28] - Using climate risk data in home buying decisions

[13:04] - Tips for reducing your insurance premiums

[13:59] - How to transfer lower flood insurance premiums when buying a home

[17:36] - The need for legislation to address the insurance crisis

Key quotes:

"The lasting impact of these storms is more than just physical damage; it's the financial burden on homeowners." - Quinton Harris

"If insurance keeps rising, it could become a major obstacle to homeownership." - Quinton Harris

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