Is Homeowner Insurance Required in Florida?
Not legally, but most mortgage lenders require it.
What Does Homeowners Insurance Cover in South Florida?
Homeowners insurance covers more than just the structure. It can also protect the contents of the home and provide liability coverage. Owners can add additional protection for valuables like art, antiques, or jewelry.
In fact, you may already have some coverage. If you buy a home in a community covered by a homeowners association (HOA), check whether the association you pay monthly fees to covers the buildings.
Especially if you buy a condo or a townhouse, you may only need a policy for the contents. If that’s the case, the HOA may not even require homeowners insurance.
What Factors Affect Home Insurance Costs in South Florida?
Property type…condo, townhouse, single-family, estate. Age of property. Square footage. Primary residence? Age and marital status of applicant. Currently insured or new to insurance. Military and veteran status. Claims in the last three years.
How Does Location Affect Home Insurance in South Florida?
Location is always a factor, not only because of property values but also because of the history of weather patterns in that area.
How Much Does Home Insurance Cost in South Florida?
Home insurance quotes vary constantly. Online comparison tools allow homeowners to compare rates by answering a few questions, but expect rates to change after a short period.
Where Can Homeowners Find More Information About Insurance in South Florida?
- Lang Realty offers insurance services to homeowners and homebuyers alike through Acentria Insurance: https://www.langrealty.com/insurance
- Florida Insurance Regulations: For specific information about homeowners insurance, visit the Florida Office of Insurance Regulation.
- Potential Savings: Bundling with auto insurance could be a savings.
