Homeowners Insurance Florida Quotes by Citizens

Homeowners Insurance Florida

Homeowners Insurance in Florida is subject to many rules and limitations on the coverage offered. It is important to note that Florida state law does not mandate homeowners insurance. However, the government encourages you to purchase home insurance to better protect yourself from financial loss due to hurricanes and windstorms. 

Florida is famous for its hurricanes and sinkholes. These natural events can wreak havoc on a home, and in some cases, cause catastrophic damages. The cost of home insurance in Florida is higher than the national average, with average rates of about $1,350 per year. Many insurers have pulled out of the Florida market due to heavy losses from hurricanes and other natural disasters. 

Citizens Homeowner Insurance 

When mentioning Citizens Home Insurance, we are not referring to the Florida-based insurance company with a similar name, but rather to our Citizens Insurance website, which offers home insurance quotes. Our Citizens Insurance website goes the extra mile to educate every customer about the entire coverage process, assisting them in exploring various options for home insurance by providing personalized quotes. Our website understands that customers value the ability to make informed choices, which is why it offers the opportunity to compare quotes by using Citizens Insurance quote tool and receive multiple quotes from different insurance providers. This allows homeowners to assess their options thoroughly and select the best coverage that meets their specific needs and budget.

Typically, individuals tend to acquire home insurance coverage without much consideration. They may overlook the inclusion of structures like barns or detached garages in their policy or simply focus on insuring the standalone property. Unfortunately, many people fail to dedicate sufficient time to obtain the necessary home insurance coverage that adequately safeguards their homes.

Citizens Insurance helps customers get quality coverage from catastrophic events, such as 

• Hurricanes
• Flooding
• Fire damage
• Windstorms
• and other catastrophic events

Homeowners who purchase insurance after getting quotes with Citizens Insurance tool can expect coverage for their dwelling, other structures, personal belongings, and liability protection, among other components outlined in the HO-3 policy form.

It’s important to note that some home insurance companies offer replacement cost home coverage up and to the policy limits. For example, if your policy has limits of 200,000 and your home will cost $225,000 to rebuild, you will need to make up the difference of $25,000.  

However, it is crucial to keep a proper balance between a homeowners’ interest, the government’s interest, and, of course, private insurers’ interest. Some of the most relevant rules you should know of are as follows.

Homeowners Insurance Florida and Flood Insurance

Homeowners insurance in Florida covers damages caused by hurricanes or windstorms and all related damages, except flood. Insurance companies are required to offer separate flood insurance for homeowners so there is no confusion afterward. You can buy flood insurance from private insurers or the National Flood Insurance Program. Before purchasing the different coverage, it is recommended to discuss the matter with an agent to get a clear understanding of possibly uncovered losses.

Replacement Cost

Depending on the terms and conditions of the policy, homeowners insurance in Florida could pay the total replacement cost of damaged properties. It does not matter if the owner only needs to repair any damaged property, and the payout should be the full replacement cost. To get this benefit, homeowners must purchase replacement cost coverage.

Termination of Coverage

No homeowners insurance company in Florida is allowed to cancel your policy after it has been effective for at least 90 days unless you fail to pay the premium, lie on policy application, fail to comply with insurance regulation, or when there is a substantial change of risk. In case a company decides not to renew your policy, it is required to give you a 90-day notice period.

Hurricane Deductibles

Office of Insurance Regulation in Florida states that all homeowners insurance policies have at least a $500 deductible for hurricane coverage. There are, however, 2 and 3 percent certain options. About 70% of all homeowners’ policies in Florida are with a 2 percent option; if you purchase coverage worth $50,000, your deductible will be $1000.

Age of Dwelling

It is not allowed for Homeowners Insurance companies to deny providing coverage based on the property’s age. Instead of using age as a variable to determine policy approval, insurance companies should consider the wind resistance factor and any existing structure improvement to minimize damages due to a hurricane.

Comparing Homeowners Insurance Florida Quotes Online

It’s important for Florida residents looking for coverage to compare as many rates as possible. Several quality insurers are also representing the Florida market, and through our Citizens Home Insurance tool, you can obtain quotes from several of them.

The best way to compare home insurance quotes is online. You can indeed find some of the best deals with direct providers. Compare side-by-side bundled rates, which means policy quotes for car and home insurance coverage. All you need to do to start comparing low-cost homeowners coverage is to enter your zip code and fill out a quote form. You will then be matched with the best rates from up to 10 insurers. Get started comparing quotes and lower your home insurance premiums.