Landlord insurance in Pembroke Pines

The most recent census estimate puts Pembroke Pines’ population at nearly 170,000 residents. Of that, around 30% are renters.

Long story short? Pembroke Pines provides quite a bit of opportunity for people interested in rental properties.

But if you’re going to make the most of that opportunity, you need to protect your investment with landlord insurance. Getting quality coverage can help you recover quickly when things go awry. Unfortunately, landlord policies, also called DP3 policies, can cost a pretty penny in Pembroke Pines.

How much does landlord insurance cost in Pembroke Pines? 

According to the Insurance Information Institute, landlord policies generally cost about 25% more than standard homeowners insurance policies to pay for increased protections. Essentially, that means landlords face more risk, so they typically have higher premiums. 

However, Florida landlord insurance costs may be even higher than what you see in other states. The Sunshine State is in the midst of an insurance crisis, and the issues that cause home insurance rates to rise also impact DP3 policies. 

Add to that the unique risks of owning property in Pembroke Pines. The town’s proximity to the coast, like most of Broward County, means landlords and other homeowners face higher-than-average risk of hurricane damage. The Atlantic hurricane season, which runs June through November each year, creates extreme wind risk in Pembroke Pines and is a major factor in how much landlord insurance costs. 

Pembroke Pines also has an elevated fire risk, according to Risk Factor. Approximately 18% of properties in the town have at least some chance of suffering fire damage in the next 30 years. 

Finally, Pembroke Pines has a higher-than-average crime rate. Residents’ chances of being victims of property crimes (theft, arson, burglary, etc.) are one in 71. This is higher than 55% of Florida’s towns and cities. 

All of these factors impact insurance rates, so your premium in Pembroke Pines is likely higher-than-average.

Lower your landlord insurance costs

Our technology is key to helping Florida landlords save money on their insurance. We use publicly available resources to evaluate granular data. This allows us to set premiums that more accurately reflect the risks your rental property faces, which can end up meaning you pay less for your coverage.

And there are many other ways to save if you’re eligible for any discounts. If your residential rental property has fire sprinklers, burglar alarms, gated access, or other security systems, you may be able to lower your costs. 

You can also lower your premium by choosing higher deductibles. We offer the following deductible options for landlord insurance in Pembroke Pines, FL:

• Standard deductible

  • $500, $1,000, $2,500, and $5,000

• Hurricane deductible

  • $500 or 1%, 2%, 5%, or 10% of your Coverage A limits.

Ultimately, the average customer reports saving over $500 on their DP3 insurance policies when they switch to us.*

Frequently asked questions about landlord insurance

Protecting your investment property makes good business sense. Click on the links below to get answers to some of the most common questions about landlord insurance.

• What is landlord insurance?

• How does landlord insurance work?

• Does homeowners insurance cover tenants?

Florida landlord insurance guides by city

Resources for landlords who rent out property in Pembroke Pines, FL

• Insurance for Airbnbs and other short-term rentals

• Guide to changing insurance when renting out your home

• Landlord and tenant resources (flcourts.gov)

• Broward County landlord regulations - tenant rights

How to get landlord insurance in Pembroke Pines, Florida

We’re dedicated to helping landlords and homeowners protect their properties throughout Florida, and we make it easy to do. Simply enter your address to get a quote or give us a call at 855-717-0022.

*Landlord insurance customers who switched to Kin report annual savings of $553 on average. Based on Kin Customer Savings Survey conducted October 2022 - October 2023. Potential savings may vary.