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Homeowners Insurance in Florida

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It’s no secret that homeowners insurance in Florida can be challenging. While it is not legally required by the state, mortgage lenders often insist that homeowners maintain insurance coverage for the duration of the loan. However, thanks to the state’s exposure to hurricanes, tropical storms, and other natural disasters, many companies are hesitant to protect vulnerable properties. New data reveals that more than 70 percent of Florida homeowners are seeing their premiums rise or changes in their coverage. 

Let’s consider five ideas that are important to know about homeowners insurance in Florida.

1. Specific weather coverage

First and foremost, most standard homeowners insurance policies in Florida include coverage for damage caused by hurricanes and tropical storms. However, you must review your policy carefully to understand what is covered and what may require additional coverage. 

Many residents need windstorm coverage as well, especially in coastal cities where wind damage poses a significant risk. Some policies will include it, while others may require you to purchase it separately. 

2. Flood insurance

You should note that standard homeowners insurance typically does not cover flood damage, which is particularly common during hurricane season. Homeowners often need to purchase separate flood insurance policies through private insurers or the National Flood Insurance Program (NFIP).

3. Mitigation discounts

Despite the challenges of homeowners insurance in Florida, there are ways to save money! Many insurance companies offer discounts for residents who work to mitigate potential risks. Consider installing hurricane shutters, reinforcing your roof, or upgrading your home’s electrical and plumbing systems to meet current building codes.

4. Exclusions and limitations, premiums and deductibles — oh my!

Chances are, your policy includes exclusions and limitations, such as coverage restrictions for certain circumstances or coverage limits for types of property. Be sure to brush up on these details to ensure you have adequate coverage.

Your premium can vary based on a number of factors, including the location of your home, its age, coverage limits, and the deductible amount. A higher deductible often results in a lower premium, but it means you will have to pay more out of pocket in the event of a claim.

5. General policy notes

You want to be sure you understand the claims process based on your policy. What steps do you need to take if your home incurs damage? Be prepared to promptly document the damage, reach out to your insurance company to file a claim, and then meet with the claims adjuster during the inspection process.

Lastly, it’s very important that you review your policy to ensure that it still provides appropriate coverage for your needs. Think about any changes to your home, such as renovations or additions, changes in your property values, or changes in your personal circumstances that may require updates. 

Fortunately, your realtor is well-versed on the topic of homeowners insurance.

If you have any questions, don’t hesitate to reach out to them! They can connect you with insurance brokers as you shop around for quotes and inspection companies that can update your wind mitigation and four-point reports, which may help lower your rates. 

Let The Urban Dog Group help you with your real estate needs. Contact Christine Elias at

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