Why Is Florida’s Homeowners Insurance so Expensive?

95% of homeowners have homeowners insurance, but why? Florida Homeowners Insurance protects your home and belongings.  Most of your wealth is connected to your house, and you can’t stop disasters.  Homeowners insurance is by far the most crucial form of personal property and financial coverage.  This essential form of insurance is not a suggestion, it is a necessity. has the solutions to protect your property. 

Although Florida Homeowners Insurance is a must, it is very expensive. In fact, Florida residents pay the second highest rate in the country.  Even though the national average annual premium is $1,211, Florida’s is a whooping $1,951.  Florida’s average is $740 more!  Florida’s premiums are very high due to it being a coastal state, which leaves it more susceptible to natural disasters.  Tampa has the highest rates in the state, sitting at $2,118.

Why Buy Homeowners Insurance?

Nobody can stop disasters, so be prepared for them.  Florida Homeowners Insurance can help you do that.  Some examples of unstoppable events that homeowners insurance can cover you for are fires, lightning strikes, windstorms, and hail.  Although some natural disasters are covered in homeowners insurance, not all are.  Damage done by floods and earthquakes are not commonly covered.  It would be in a homeowners best interest to invest in additional policies that do cover such events if they feel they’re at risk.  These supplemental policies can protect you from paying huge fees out of pocket.

No matter what you live in, homeowners insurance is a need!  If you live in a RV, that’s fine.  Homeowners insurance can cover homes the owner lives in, homes the owner rents, condo units, RVs, home trailers, and most nontraditional houses.

Nobody can deny Florida is unique.  Living in Florida also brings new challenges that you wouldn’t have living in a different state.  We know better than anyone else what Florida residents need.  We are able to generate a specific quote for your exact needs and lifestyle.  When you hit “Get a Quote,” our website will ask you questions to make sure you’re getting the best plan.  Once you finish, it will quickly determine what is going to give you the best bang for your buck!  In seconds you will find out what the best quote is from the top 30 insurance companies in Florida.  We work to arm you with the best weapon against the world’s elements. 

Do you have a bunch of buildings on your property that aren’t connected to your house?  Well, you don’t have to buy individual shed insurance.  Homeowners insurance will cover your detached garage, gazebo, fence, and backyard garden shed.  Most of our policies will cover all structures on your property.

Only Pay For What YOU Need

The key to insurance is paying for what you need.  Insurance is not a one-size-fits-all, which is why you need to figure out how much coverage you need.  That task isn’t easy!  Insurance, especially homeowners insurance, has a lot of parts. will do the work for you if you provide us the required information.

Different Types of Coverage

Coverage A is A very important part of homeowners insurance.  Coverage A is also known as dwelling coverage.  Dwelling coverage is the main policy that covers the rebuilding or repairing of your house if the peril is covered by your policy.  Dwelling coverage is also the plan that will cover against burglary.  Coverage B covers other structures on the property, coverage C covers the contents in your house, coverage D covers the additional living costs if your house becomes uninhabitable(place to stay, food, and clothing), coverage E covers the costs if someone would file a lawsuit against you regarding your property, Coverage F covers the medical bills of a person who got injured on your property.’s goal is to suggest a policy with a balance of all of these.  

All Florida Homeowners Insurance policies have dwelling coverage.  Dwelling coverage can really save you in a bad situation if you are covered for what you need.  Dwelling coverage has a limit.  This limit can be anywhere from $200,000 to $1,000,000, because not everyone has a million dollar house.  The insurance owner commonly sets a coverage amount for dwelling, liability, and medical payments.  Everyone has different needs!

Coverage D might not seem that important as the rest, but it really is.  Many disasters, like fires, can leave you without a place to stay.  What do you do then?  Coverage D can cover all the fees that you would have to pay out of pocket.  Coverage D is also known as Loss of Use Insurance.  Loss of Use Insurance will not cover any previous expenses you had before the loss.  Although Coverage A will take care of a lot, it won’t cover it all.  

The more money you pay for your Florida Homeowners Insurance, the better care you are going to get.  If you’re used to having white glove treatment, get it with your insurance as well.  Higher valued home plans may come with perks such as having your own dedicated claims representative.

Issues Unique to Florida

Sinkholes are very popular in Florida due to it’s geology.  Florida has absurdly large amounts of porous limestone that can hold very large amounts of water underground.  This is a problem because at some point the material above the water is going to break.  That exact process causes deadly sinkholes.  It is in a homeowners best interest to make sure their insurance covers the repair fees or even the medical bills that could be associated with them.

Florida’s elevation isn’t high!  Most of Florida is near or at sea level.  Due to this, Florida floods easily.  Lucky for homeowners, the state has 2 major bodies of water and more than 1,700 lakes, rivers, and streams across its 67 counties.  Florida’s water features try to cope with oncoming water, but flooding is still very common.  Flooding can easily occur in a city and cause millions of dollars of damage to businesses and residents.  The largest flood in Florida ended up encompassing hundreds of square miles! In 1928, the Okeechobee Hurricane brought a storm surge with it.  It is key to make sure you are covered against wild Florida floods.