Buying Homeowners Insurance In Florida Page

Meet Elena, a first-time homebuyer who found her dream home in St. Petersburg, Florida. She was thrilled until she started looking for homeowners insurance—a journey that taught her Florida’s market is unlike anywhere else. 1. The "Ticking Clock" of the Roof

: Usually a percentage (like 2%) of the home’s total insured value. For a $300,000 home, she’d have to pay the first $6,000 of storm damage out-of-pocket. buying homeowners insurance in florida

When Elena received her first quote, she nearly backed out of the deal. The premium was over , triple the national average. She was advised by locals to find an independent insurance broker rather than trying to shop alone. Her broker explained that Florida’s high rates are driven by severe weather risks and high litigation costs. By shopping through a broker who had access to multiple carriers, Elena eventually found a policy for $3,100 —still high, but manageable. 3. The Deductible Surprise Meet Elena, a first-time homebuyer who found her