Home insurance FAQs

Homeowners insurance provides financial protection against events like fires, theft, and liability claims. Flood insurance specifically covers damage caused by flooding.

Florida law doesn't require home insurance, but forgoing coverage can create some costly consequences.

Homeowners insurance is not a legal requirement in Florida or any other state. However, homeowners insurance is likely required by the lender if you have a mortgage on your home.

A roof deductible is the amount of money you’re responsible for paying before your insurance company covers a claim for roof damage caused by events other than a hurricane.

The short answer is yes, you can buy home insurance without windstorm coverage in Florida.

The Miami Herald reported in late 2023 that the Insurance Information Institute estimates 13% of homeowners in Florida are foregoing homeowners insurance coverage. This is much higher than the national average of 7% going without coverage.

The most expensive state for homeowners insurance is Florida. In fact, the Sunshine State has ranked in the top three for highest average costs for homeowners insurance since 2007.

Location and construction materials play a primary role in determining flood insurance premiums, but insurers may look at other factors.

The information you need to get a policy can vary by provider, but most want either proof of prior insurance or your closing disclosure.

Kin quotes are good for up to 60 days.

A number of communities qualify as secured communities: those with a guard at the gate, a keycard gate, a stationed guard in the area, or a single entry.

A windstorm mitigation inspection shows how wind resistant your home is. It can save you big money on your home insurance.

In a reciprocal insurance exchange, the carrier is owned by policyholders but managed by a separate entity.

Depending on where you live, you may see the following fees: EMPA, FIGA, installment fees, inspection fees, and surplus contributions.

An installment fee is a small service charge that covers the cost of processing additional premium payments.

You can file a home insurance claim by logging into the customer portal or calling 866-204-2219.

If you can't afford your homeowners insurance deductible and experience a claim that exceeds it, then you may have to find another way to cover your portion of the repair costs.

Find out how homeowners insurance claims are paid and how your coverage and deductible impact your final payout.

Homeownership is the epitome of the American dream, and your home is likely to be the most significant purchase you’ll ever make. If you purchase wisely, the equity growth of your home could lead to financial security.

Nobody loves tax season, but it's a yearly reminder that homeownership has its perks.