Condo insurance in Tampa

Affordable condo insurance in Tampa

Tampa condo owners know this city is the place to be. Whether you bought your condo as a vacation home or it’s the only place you hang your hat, Tampa’s amazing weather and proximity to the beach is enough to tempt anyone to stay.

Tampa has a lower cost of living than other parts of the state, and it shows. The city has some of the lowest Florida HO6 insurance rates.

Let’s take a look at some key considerations when shopping for condo insurance in Tampa.

How much is condo insurance in Tampa?

Property insurance rates in Florida seem to always be going up. And while the cost of home insurance grabs the most headlines, condo insurance can also be pricey. 

Chances that most Tampa condo owners see premiums on the higher end of the scale. One major factor is location. Tampa has an 11% chance of being impacted by a hurricane in any given year.

But location isn’t the only factor affecting your condo insurance premium. We also consider things like:

• The age of your building.

• The construction material used.

• Your coverage limits and deductibles.

• Your claims history.

• The value of your personal belongings.

For an example, take a look at the difference in average premium between condos in high-rise and low-rise buildings.

Average Kin HO6 premiums by number of stories

The best way to know what you’ll pay for insurance? Get a quote! It’s free, quick, and easy.

How condo insurance covers natural disasters

Your condo coverage protects your home from all events except those specifically excluded from the policy. That covers a lot of incidents.Theft, for example, is covered, in case Tampa’s higher-than-average property crime rate has you concerned. 

But what about big disasters? 

Let’s review how condo insurance addresses catastrophes.

Hurricanes

Hurricanes leave serious damage in their wake – even if they aren’t a direct hit. Luckily, our condo insurance includes hurricane insurance to help you quickly make repairs and get back to normal. 

Ground cover collapse

Tampa, like all of Florida, must contend with sinkholes, thanks to its rich limestone deposits. Once saturated, the ground can erode. Catastrophic ground cover collapse coverage is automatically included in our condo policies, and it helps you get back on your feet after an abrupt collapse.

Tips for keeping Tampa condo insurance affordable

Looking for more ways to save? We offer discounts for condo owners who make their homes safer. For example, you may qualify for discounts for:

• Wind mitigation features
• Smart home security systems
• Being 55 years or older
• Opting for an electronic policy

Increasing your deductible also lowers your premium, as does staying claims free.

Get a better policy at a better price. Get a quote today and see how much you’ll save!

Additional Florida condo insurance guides

• Bradenton
• Cape Coral
• Clearwater
• Fort Myers
• Jacksonville
• Orlando
• Safety Harbor
• St. Petersburg
• Sarasota
• Tallahassee