Florida Property Insurance Industry Overview

Obtain a Florida property insurance carrier for your property

Provide financial protection for your home and most of your belongings in the event of a disaster by using Florida property insurance. A property insurance policy will typically include liability insurance which covers damage or injuries caused by family members and pets. Florida property insurance typically covers the contents of your house up to a specified percentage.

Florida property insurance companies also cover most natural disasters like fire, hail and lightning; however, property owners must purchase a separate policy to cover floods. Other insurance may be dictated by geography. For example, home insurance in Florida should also include coverage for hurricanes. Property insurance may also cover temporary living expenses when you have to live away from home during a natural disaster but will not cover losses caused by poor maintenance.

Three are three additional types of property insurance in FL for business owners:

1. Business interruption insurance that covers expenses such as debts, loss of profit, salaries and taxes.

2. Extra-expense insurance that will allow a business to relocate temporarily during a covered peril.

3. Theft insurance. A standard FL property insurance policy will provide some coverage against theft but businesses at high risk for theft may require a separate policy.

 

Find Florida home insurance companies through a referral service or agent system

Determine the price range for your needed coverage by soliciting quotes from different sources. You can also obtain a general idea of the terms that these policies contain.
Try: The Florida Market Assistance Plan is a free referral service for consumers seeking property insurance in Florida. Florida Family Insurance distributes property insurance through Florida's Independent Agent system.

Choose one of the many Florida property insurance brokers

A broker will handle much of the paperwork required by an insurance carrier. Independent agents that provide Florida homeowners insurance may represent a major carrier in the state and can make recommendations based on your specific needs.
Try: Home in Jacksonville maintains a list of insurance brokers in the Jacksonville area. Noel Insurance Brokers is an independent agency that is able to negotiate pricing on your current coverage.

Get a Florida home owners insurance policy from a local agent

You may wish to contact local independent Florida home insurance providers rather than dealing with different national insurers. Often, a local agent can write a more customized plan for you.
Try: Insurance Benefit Agency is located in Hallandale and specializes in homeowners insurance. Atlass Insurance Group is located in Ft. Lauderdale and provides comprehensive insurance solutions for businesses and individuals.

 

• Expensive items like furs, jewelry and silverware are typically only covered up to a fixed amount by Florida property insurance. A special property endorsement will be needed to replace these items if their value is not covered by the primary policy. These items will be covered if they are lost or stolen.

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