Florida Property Insurance Basics

How to lower Florida home insurance rates for your property

A study of Florida property insurance basics should cover liability insurance against injuries or property damage caused by family members or household pets. Property insurance also covers temporary living expenses incurred while living away from home due to a natural disaster.

Florida property insurance companies provide protection against fire, hail and lightning in addition to other natural disasters that are specified in the policy. However, you will need a separate policy for earthquakes and floods which are normally not covered by a standard home insurance policy. Florida home insurance rates will not cover losses caused by poor maintenance.

There are three key points that will affect the cost of property insurance in FL:

1. The location of the property may require additional home insurance. Florida properties should also be protected against hurricanes.

2. The premium charged by FL property insurance companies can be lowered with effective loss-control measures. This most commonly refers to an alarm system.

3. Home insurance should allow you replace detached structures in addition to rebuilding your house. These structures are typically covered up to a fixed percentage of the value of the house.

 

Collect quotes for a variety of Florida homeowners insurance

Obtaining multiple quotes from different sources can be an effective method of identifying the general terms of these policies and the premiums you can expect to pay.
Try: Arden Insurance provides insurance for construction projects, homeowners and small businesses in South Florida. Poe & Associates is based in Tampa and specializes in homeowners insurance.

Find property insurance in Florida

Locate a Florida property insurance company through an agency. The agency represents a major carrier in the state and who can make a recommendation based on the specific needs of your situation.
Try: Agrillo Insurance provides a range of insurance products including property insurance for clients throughout South Florida. Sol Insurance helps clients throughout Florida find the lowest insurance rates for homeowners.

Get a Florida home owners insurance policy from a local agent

Contact Florida property insurance companies rather than dealing with different national insurers. Often, a local agent can write a more customized plan for you. This method allows you greater flexibility and control over your home insurance needs.
Try: Florida Farm Bureau Insurance is based in Gainsville and offers insurance to homeowners as well as farm and ranch property owners. Lykes Insurance is located in downtown Tampa and provides a range of products including property insurance.

 

• Florida property insurance will cover the contents of your house up to a specified percentage of the value of your home. You should conduct a home inventory to determine if replacement cost for the contents of your home exceeds this value. If you have a substantial amount of number of belongings outside of your home, you should consider off-premises coverage.

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