Homeowners Insurance Agents in Florida

Although Florida can be appealing to those who enjoy warm weather, living in the Sunshine State has its hazards, too. The average cost of homeowners insurance in Florida is $2,122 a year, or about $177 a month.

Homeowners insurance helps pay to repair or rebuild your home and replace personal property due to a covered loss. A typical policy would include loss from theft and structural damage from fire, leaks, water discharge, fallen trees, or as a result of a storm.

Florida law does not require the purchase of homeowners insurance, but most people want to insure the largest asset they may ever accumulate – their home.

There are several factors to consider while choosing your home insurance. It includes:

•  The home’s age
•  Materials used to construct your home
•  Cost of rebuilding the house
• Your location’s fire rating
• The location’s claim history
• Your personal claim history
• Deductibles and coverage limits
• Your credit scores

No, homeowners’ insurance isn’t a part of mortgage in Florida. Insureds generally make a single monthly payment to cover both their homeowners’ insurance premium and monthly mortgage payment, so some homeowners may believe their home insurance is included in their mortgage.

At the very least, your homeowners’ insurance should include personal property insurance. This should account for 20% of your total dwelling coverage.

So, if your home is insured for $300,000, your personal property should be insured for at least $60,000. The more valuable your possessions, the more property coverage you will require.

State Farm has a vast network of agents throughout Florida. The firm has the highest J.D. Power score (835/1000) and is supported by a high financial strength rating. Despite offering fewer discounts, they have strong endorsement programs.