Homeowners insurance in Florida

Our HO3 Florida home insurance policies offer:

• Replacement cost coverage for your dwelling, other structures, and your belongings.
• Loss of use coverage can pay for additional living expenses if a covered claim makes your home uninhabitable during repairs.
• Personal liability coverage protects you if you're held responsible for another person's bodily injuries or property damage.
• Medical payment coverage may help pay for someone's immediate medical bills if they are injured on your property.

Your policy covers your home for all damage except the perils explicitly excluded in the policy. That means you’re covered for hurricane damage, catastrophic ground cover collapse, and more.

Florida homeowners insurance costs vary depending on where you live, the age of your home, your home's characteristics, and other factors – like wind mitigtation. That said, recent data shows the average cost of Florida home insurance from admitted carriers is $3,600 per year.

While homeowners insurance isn’t required at the state level, nearly all mortgage providers require it. What’s more, if your home is in a Special Flood Hazard Area (SFHA) like most Florida homes, your lender will usually require you to have flood insurance, too.

Homeowners insurance in Florida is expensive because of the high risk for natural disasters and risks, such as hurricanes, floods, and sinkholes. The risks your home faces depend on your location and your home's characteristics.

Florida's rising insurance costs are also influenced by reinsurance, insurance fraud, litigation costs, catastrophic claims, and inflation.

Unfortunately, Florida is one of the states with increasingly frequent and increasingly powerful natural disasters, including hurricanes and tropical storms. Having a comprehensive homeowners insurance policy gives you peace of mind, knowing that if the worst should happen, you can get back on your feet as soon as possible.

Technically, there’s no such thing as hurricane insurance, but the policies we offer do cover wind damage caused by hurricanes. They will also have a hurricane deductible that applies when you make a claim for losses caused by hurricane winds.

Flood insurance and sinkhole insurance are both available as endorsements, but they're not part of your standard home insurance policy. If you’re eligible for coverage, you can add them simply by selecting the endorsements in your online quote or asking your representative for help.