Florida Home Owners Insurance

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Florida Home Owners Insurance

Postby Bustoff » Wed Jan 30, 2013 8:48 am

If you live in Florida, could you please advise what you pay for home owners insurance ?

We hope to move to Florida and have been investigating various locales there for the past couple of years.
The Florida real estate agents have an answer for everything until you ask what homeowners insurance would run. All of a sudden they become clueless, even though most of them live in the immediate area, and some of them live in that sub-division.
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Re: Florida Home Owners Insurance

Postby l2ridehd » Wed Jan 30, 2013 8:53 am

Insurance in Florida is based on how close you are to the coast and hurricane prone. I have homes in The Villages which is inland 45 minutes and insurance is very reasonable. Average $800 a year for a $300K home. On the coast the same home would be $2500 to $3000 a year. So there is a lot of variance depending on proximity to the ocean. If you have selected an area, call a few agents and ask for rates in that location.
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Re: Florida Home Owners Insurance

Postby midareff » Wed Jan 30, 2013 9:00 am

make it easy on yourself..... Citizens is the state pool carrier. Call them for a quote. I recently used (not this agency) Citizens for my (on the coast) condo and saved about $500 a year vs. Liberty Mutual. I have no connection or interest in the company below.

STEPHEN COPELAND
SOUTHERN FINANCIAL INSURANCE GROUP, LLC
2255 KILLEARN CENTER BLVD
TALLAHASSEE, FL 32309
(866) 388-6691
Last edited by midareff on Wed Jan 30, 2013 9:11 am, edited 1 time in total.
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Re: Florida Home Owners Insurance

Postby soaring » Wed Jan 30, 2013 9:06 am

Call Geico and you can get a quick quote or refusal if too near the coast. I am insured with http://www.SecurityFirstFlorida.com but thru Geico not direct for about $700 @ $200K coverage.
If you are considering coastal living probably call Citizens as they are insurer of last resort...and most expensive, I think.
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Re: Florida Home Owners Insurance

Postby englishgirl » Wed Jan 30, 2013 9:30 am

Yes, it is SO variable, based on proximity to the coast, age of house, what hurricane measures you have in place, etc. As I live in a 1954 house very close to the water, I don't have the proper measures such as roof tie-downs in place, and not every door/window has a Miami-Dade code approved shutter (most do, but I have 2 lower-rated shutters, and one door has a little half-moon window in it that's not up to code). So mine is probably a worst case scenario. BUT, it is a very well built house, with Dade county pine roof planking, and I was not about to mess with the roof to put the tie downs in place. At some point, I'll put hurricane resistant windows in place, and then maybe I'll be able to save SOME money on the insurance.

I haven't received my Citizen's (windstorm only) renewal notice yet, but last year it was about $2500, if I recall correctly.
Homeowner's (no windstorm) is $837.
Flood is $354.
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Re: Florida Home Owners Insurance

Postby Sam I Am » Wed Jan 30, 2013 10:57 am

Message deleted.
Last edited by Sam I Am on Sun Oct 06, 2013 3:20 pm, edited 1 time in total.
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Re: Florida Home Owners Insurance

Postby Taz » Wed Jan 30, 2013 2:24 pm

Ours is roughly $2300 a year. It is pricey, even if you are not in a hurricane area (we live 14 miles as the crow flies from the coast). Throw in a swimming pool & screen enclosure .... One thing you can do is have the house specifically inspected so that all hurricane/structural features are documented.

I will say that USAA is not the cheapest but the one I have the most confidence in.

FWIW, recent changes have increased our FL insurance by about 10% -- just for state mandated fees/assessments that the insurance company pays into a general state insurance pot.
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Re: Florida Home Owners Insurance

Postby rotorhead » Wed Jan 30, 2013 9:52 pm

Some good responses to your question here. There was a thread just recently on this subject. Here is link to my comment at the time:

http://www.bogleheads.org/forum/viewtopic.php?f=2&t=106745#p1556573

Florida is a large state, with a lot of variety; and whatever your likes are, you can find the appropriate area to live in. There is a world of difference between the Keys and the Panhandle. We are happy in Palm Beach County, not far from the ocean.

Don't let the fear of insurance costs govern your decision.
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Re: Florida Home Owners Insurance

Postby Bustoff » Thu Jan 31, 2013 5:59 pm

rotorhead wrote:Some good responses to your question here. There was a thread just recently on this subject. Here is link to my comment at the time:

http://www.bogleheads.org/forum/viewtopic.php?f=2&t=106745#p1556573

Florida is a large state, with a lot of variety; and whatever your likes are, you can find the appropriate area to live in. There is a world of difference between the Keys and the Panhandle. We are happy in Palm Beach County, not far from the ocean.

Don't let the fear of insurance costs govern your decision.


Yes, there are some good responses, including yours. Thank you all !
“There are two times in a man's life when he should not speculate: when he can't afford it, and when he can.” | ― Mark Twain
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