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Florida Homeowners Insurance

Homeowners Insurance | Florida

GreatFlorida Insurance agents can easily explain the circumstances specific to Florida homeowners, along with mortgage requirements and the difference between dwelling, personal property, liability, medical payments and loss of use coverage as well as available discounts.

Check out our online request form and a knowledgeable GreatFlorida Insurance agent will find the best options for you to choose from.

Your home is likely your most costly asset. It contains your belongings and valuables and more importantly your family and cherished memories.

After the overwhelming task of finding a new home in Florida, it can be tempting to settle by purchasing a basic homeowner’s insurance policy that could leave you with inadequate coverage or paying for more coverage than you need.

Your Local Agent at GreatFlorida Insurance in Florida will make sure your homeowner’s insurance policy will provide adequate coverage to protect your home from fires, hurricanes, break-ins and more. Compensation for your financial loss will allow you and your family to continue living comfortably.

Our knowledgeable agents in Florida will explain the details and variety of home insurance coverage available to you.

We are familiar with the unique circumstances and needs that Florida homeowners face such as flood and hurricane damage.

GreatFlorida Insurance shops all the major carriers in Florida, to find the best policy and the best rate. Easy, Low-Cost and Worry Free. That's the GreatFlorida Insurance promise.

Simply call 888-478-7801 or complete our online quote request form.

Your Local Agent at GreatFlorida Insurance Florida will help you find affordable Florida Homeowners Insurance to protect one of your most valuable assets.

Florida homeowners insurance quotes

Florida Homeowners InsuranceHome Insurance FAQs

Homeowners Policy Coverages

Florida Homeowners Insurance policy is designed to cover the structure of your home, and includes protection for various kinds of Personal Property as well as Liability coverage.

Want to know more? Give us a call at 888-478-7801 to speak to a local agent.

Discounts and Special Programs

There are many discounts are available on Florida Homeowners Insurance policies. For example, you may qualify for a discount if your home has an updated roof, a monitored alarm system, hurricane shutters or impact windows in Florida.

Payment Options

In many instances your Florida Homeowners Insurance policy can be escrowed in with your mortgage.  However, if you need to pay separately, many carriers now offer several convenient payment options.

Home Insurance Coverage — What Is Covered

Standard home insurance coverage policies provide the following types of coverage, up to the limits outlined in the policies:

  • Dwelling — Pays for damage or destruction to your house and any unattached structures and buildings. Examples include fences, attached garage, or patio cover.

  • Personal Property — Covers the contents of your house, including furniture, clothing and appliances, if they are stolen, damaged, or destroyed.

  • Liability — Protects you against financial loss if you are sued and found legally responsible for someone else's injury or property damage.

  • Medical Payments — Covers medical bills for person(s) injured on your property.

  • Loss of Use — Pays for additional living expenses if your home is uninhabitable due to a covered loss. Most standard Florida Homeowners Insurance policies pay 10% to 20% of the amount of your Dwelling coverage.

Does my policy cover floods?

The fact is that Florida homeowner insurance does not cover damage caused by flood, and federal disaster assistance is only offered when the president declares a major disaster (which only happens in 50% of flooding situations).

Unfortunately, most people do not find this out until it is too late. However, flood insurance is available to protect homes and businesses and their contents in communities that participate in the National Flood Insurance Program.

Does my policy cover hurricane damage?

Yes, your homeowner’s insurance policy will cover damages cause by windstorms. The deductible for hurricane damage can range from 2% to 10% of the insured value of the dwelling depending on the policy.

NOTE: Hurricane damage is normally covered, but may be rejected in certain situations.

What does the hurricane deductible mean?

This is the amount that you, the policyholder, will have to pay out of pocket. For example, if your home is insured for $250,000 with a 2% wind deductible and has hurricane damages of $50,000.

The amount of the deductible will be 2% X $250,000 = 5,000.

The remaining amount ($45,000) would be paid by the insurance policy. What factors can affect Florida Homeowners Insurance premiums?

Home Features and Characteristics — The age of your home, type of structure, wiring, roof, garage, etc., can affect your Florida Homeowners Insurance premium. Older homes can often cost more to insure, and those costs can differ depending on whether your home is brick, frame, stone or has synthetic siding.

Location — Where your home is located can change your Florida Homeowners Insurance premium. For example, your home insurance rate can be affected if your home is in close to a fire station; is exposed to extreme weather, such as hurricanes, tornadoes or earthquakes; or is in a neighborhood more prone to theft.

Protective Devices — Burglar alarm systems, smoke detectors, fire extinguishers, sprinkler systems and deadbolt locks can lower your Florida Homeowners Insurance premium.

Personal Factors — What you do can affect your Florida Homeowners Insurance premium, too. For instance, smokers may pay more for home insurance than nonsmokers. A good credit history also can lower what you pay for home insurance.

Claims History — If you have a history of claims on a Florida Homeowners Insurance policy, you may pay a higher premium.

Simply call 888-478-7801 or complete our online quote request form. A GreatFlorida Home Insurance Agent will help you find the best deal for you.

Get a Quote Online
Call 888-478-7801
Florida Flood Insurance

Flood Insurance | Florida

Flooding is the leading cause of disaster in the United States. Florida residents file more flood insurance claims than any other state. Mere inches can cause thousands of dollars’ worth of damage to your home.

Florida flood insurance is your only protection against flood damage. GreatFlorida Insurance can make it simple and easy to understand the type of flood insurance that will adequately suit your dwelling. Simply call 888-478-7801 or complete our online quote request form.

Many homeowners are under the false assumption that their homeowner’s insurance would cover loss caused by a flood in the home. Flood insurance is not included in your homeowner’s policy and must be purchased separately.

GreatFlorida Insurance can provide flood insurance to policyholders through the National Flood Insurance Program (NFIP). Your local GreatFlorida Insurance agent will help you find the Florida flood insurance to protect your most valuable asset from the most common form of destruction.

Florida flood insurance quotes

What is Flood Insurance?

GreatFlorida Insurance can help protect your investment with a Florida flood insurance policy through the NFIP. The NFIP is administered by the U.S. Government. It was designed to lower the rising costs associated with repairing damage to property and belongings caused by flood.Florida has the largest number of participants in the NFIP. While flood insurance is backed by the government, it cannot be purchased directly but must be purchased through an insurance agent.

Who Needs Flood Insurance?

Federal law requires homeowner’s with property in flood zone areas or areas designated as high-risk have flood insurance. Depending on the location of the home, flood insurance could be required as a condition of the mortgagee. Properties in areas considered low or moderate risk are not required by federal law to have flood insurance-however, a lender can still make it a requirement. Flood insurance is available to homeowner’s and renters and is highly recommended to all living in Florida.

GreatFlorida Insurance agents can help you identify your property’s risk to assess your needs for flood insurance.

Many homeowners assume they can collect federal disaster assistance if a flood occurs but it is only offered when the president declares a major disaster which only happens in half of all flooding situations.

Why Flood Insurance is Important

The entire state of Florida lies within FEMA’s (Federal Emergency Management Agency) highest designation of storm frequency, making Florida a flood zone with varying levels of risk. FEMA charts flood zones on consistently updated government maps. Flooding poses a threat to a high number of Florida homes due to the proximity to water and the high number of properties in coastal areas.

You do not have to live in a high risk flood zone to experience damage, 25 percent of flood insurance claims come from low or medium risk communities.

GreatFlorida Insurance can help you select the right flood insurance whether you want to cover your structure, belongings or both.

Flooding can be caused several different ways. Hurricanes or tropical storms, an overflow of inland or tidal waters, a rapid accumulation of rain or runoff of surface waters from any source, mudflow or collapse of land or erosion can cause flooding as well as a broken water main.

It takes only inches of water in your home to cause thousands of dollars’ worth of damage. Considering the expenses associated with repairing flood damage it makes sense to purchase flood insurance. According to the National Flood Insurance Program (NFIP) the average flood insurance claim amount between 2010 and 2014 was $42,000.

Flood Insurance FAQs

  • Most flood insurance policies require a 30-day waiting period before the policy goes into effect unless you have a new home purchase and closing is less than 30 days.
  • Flood policies must be paid in full upfront.
  • Policies are purchased for a one year term.
  • Premiums are based on the amount of coverage you desire, your deductible amount selected, your property’s flood zone risk, location and foundation type on your home.
  • Flood insurance covers the home’s foundation and its support systems as well as appliances.
  • Coverage is available for the structure and/or your belongings.
  • GreatFlorida Insurance agents can help you identify what is covered under building property coverage and personal property coverage as well as coverage for lower levels in your home such as basements and crawlspaces.
  • They can walk you through how damages are valued explaining the difference between Replacement Cost Value, RCV or Actual Cash Value, ACV and other special considerations.

Contact your local GreatFlorida Insurance agent for the best Flood Insurance rates in Florida.

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Call 888-478-7801
Florida Homeowners Insurance Blog
by GreatFlorida Insurance
5/19/2016

More than 105 million people visited the sunshine state in 2015, setting a tourism record in the United States as reported by The Orlando Sentinel. Living in a hot tourist destination might have you thinking about making some extra cash by turning your home into a short-term rental.

Additional income for homeowners and renters is the appeal to vacation rental websites such as VRBO/HomeAway and Airbnb. On the flip side, business and vacation travelers get full-home amenities including more space and a full kitchen for less than the price of a hotel room, making short-term rentals an attractive deal.

Before you start listing your place on a travel platform, keep in mind, not every home in Florida is eligible for renting. “Florida has zoning laws that restrict short-term rentals to specific areas,” says Ellsworth Buck, Vice President of GreatFlorida Insurance, Florida’s largest independent homeowners insurance provider.

Homeowners or condo associations along with co-ops and landlords may also prohibit short-term rentals.

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Whether your vacation home is your primary residence or not, you still want to protect your investment. Having the proper insurance will do just that.

“Having homeowners insurance or renters insurance is not usually adequate to cover your short- term rental,” says Buck with GreatFlorida Insurance, Florida’s top independent homeowners insurance agency. “Homeowners insurance and renters insurance will cover your guests but not someone you are engaged in business transaction with.”

It is important to speak with your insurance agent before getting started. Short-term rentals are considered more risky to insure as opposed to someone with a year-long lease agreement. You may need a rider to your current homeowners policy or get rental property insurance.

Personal property covers your belongings. Liability protects you against legal fees and medical bills if someone is injured in your home. No matter how safe your home is, accidents are bound to happen.

Once you get your insurance in order, remember, Florida occupancy taxes are collected by 22 counties, according to FloridaPolitics.com.

If you are considering renting your home, for a short or long period of time, contact GreatFlorida Insurance. Our experienced agents will get you the proper homeowners insurance or short-term rental insurance to protect your belongings and home from potential damage or theft.

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The post Short-Term Rental Insurance appeared first on The GreatFlorida Insurance Blog.

by GreatFlorida Insurance
5/12/2016

While reading through real estate listings, you often come across some descriptive language. Real estate agents utilize terms that sound appealing but should raise a red flag.

“A real estate agent wants make their home listing sound as attractive as possible in order to attract buyers,” says Ellsworth Buck, Vice President of GreatFlorida Insurance, Florida’s largest independent homeowner’s insurance agency.

“One way to do this is by finding euphemisms to throw the most flattering light onto a home-and sometimes obscure a home’s flaws,” explains real estate website, Realtor.com.

The following are some common real estate listing terms and their translations to help you become a savvy shopper.

Charming or Tons of character

This is often code for “old” and it would be in your best interest to check the plumbing and appliances.

Custom, Unique or Artistic

Count on this home having a very specific style and set of features, it could also just be weird.Zillow_Zillow-Talk_Listing-Description_T1-37917d

As is or Cash Only

These terms can often come up on foreclosed homes. It translates to the home is in bad condition and the owners cannot afford renovations. It will also remove your negotiating power.

“Keep in mind, Florida foreclosures are a judicial proceeding and could take a year or more to complete,” reports Buck with GreatFlorida Insurance, Florida’s leading independent homeowner’s insurance agency.

Up and coming neighborhood, Trendy or Hip

You are expecting to see cool shops and cafes around the corner but you discover that is a future forecast for the area. A good idea would be to check the local crime statistics.

Great potential

Prepare for a mess, meaning renovations that could range from cosmetic to total tear down.

Cozy

This term is positive and will make you feel all warm inside, but it means very small.

Natural Landscaping

Get ready to see no landscaping. It is most likely a yard jungle.

Secluded, Private, Retreat, Quiet

The house will probably have a long commute to work and the grocery store.

Convenient to Shopping

This home is located on a busy street or high traffic area.

Well-Maintained

Well-maintained sounds like a compliment but according to, Wired magazine, “It usually means the home is old but not quite falling down.”

Contact GreatFlorida Insurance, if you are looking for homeowner’s insurance. Get a quote as soon as your contract is signed.  We can help you finalize the details well in advance of your closing date.

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The post Real Estate Code Words appeared first on The GreatFlorida Insurance Blog.

by GreatFlorida Insurance
4/20/2016

Is home ownership the American Dream?

Is renting the equivalent of throwing your money away?

“Home buying versus renting is a multifaceted decision. It takes into account your financial situation as well as personal and emotional choices,” says Ellsworth Buck, Vice President of GreatFlorida Insurance, Florida’s largest independent homeowners insurance agency.

There are pros and cons for home buying and renting. A one-size-fits-all answer does not exist. Fortunately, there are some considerations to factor that can help you make your decision.

Financial Factors

Most experts agree that your monthly mortgage or rent should not exceed 30 percent of your annual income. This is merely a guideline and it is important to review your other expenses before making a final determination.

Buying is more expensive once you factor in the cost of the home purchase, taxes, homeowners insurance as well as maintenance and repairs. A down payment is typically between 5- 20 percent, although government programs are available to help home buyers put as little as 3 percent down. Closing costs are an additional 5 percent.

Many people rent because they lack a down payment or they have poor credit. Renting generally requires first and last month’s rent as well as a security deposit up front, making for a significantly smaller payment.

Keep in mind, investment educators The Motley Fool, point out rent historically increases five percent each year but a mortgage payment is locked in and does not change. Owning allows you to build equity but equity takes time to build.

 The Florida Housing Marketown-or-rent-infographic

In some markets across the U.S. rental prices continue to rise making a mortgage payment less than a monthly rental payment. “Rents are rising faster than wages throughout most of Florida,” says Buck with GreatFlorida Insurance, Florida’s leading independent homeowners insurance agency.

RealtyTrac reports, “Low interest rates and reasonable housing prices make South Florida, ripe for buying.”

Recent job growth and a population increase, along with affordable housing are drawing many buyers into the market.

Forbes reported that Florida is the best state to invest in home ownership due to economic recovery and the addition of nearly a quarter million jobs in the past year. They list Orlando, Tampa, Ft. Lauderdale, Sarasota, Jacksonville, Cape Coral, West Palm Beach and North Point as being the best cities to buy a home in 2016.

Renters are not always at a disadvantage. We don’t always know what the future holds as seen by the 2008 housing bubble bust, and that can make a significant difference when deciding to buy or rent.

Renting is ideal for those who desire for a low maintenance lifestyle and those not settled in one area or do not plan to stay in one place long. While homeownership can benefit from tax breaks, the breaks can be oversold to those with moderate priced homes.

What’s better, renting vs buying can be a difficult prediction to make and sometimes you have to go with your gut.

Whether you are looking to buy or rent a home, GreatFlorida Insurance can help you protect your valuables. We offer affordable options for homeowners insurance as well as renters insurance. Give us a call today.
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The post Buy or Rent? appeared first on The GreatFlorida Insurance Blog.

by GreatFlorida Insurance
3/30/2016

Three Boca Raton firefighters were recently struck by lightning. They were injured while responding to a backyard fire caused by a previous lightning strike. All three were knocked off their feet and one began having a seizure.

“It is a critical reminder about the perils of a thunderstorm. In Florida, thunderstorms are so common, we forget about their dangers,” said Ellsworth Buck, Vice President of GreatFlorida Insurance, Florida’s largest independent homeowner’s insurance agency.

Florida is the lightning capital of the United States. Lightning kills and injures more people in Florida than any other state. The Red Cross reports, more people are killed every year by lightning strikes, than tornadoes and hurricanes. Thunderstorms produce lightning along with damaging winds and heavy rain that can cause flooding.

The National Oceanic and Atmospheric Administration (NOAA) estimates, 25 million cloud-to-ground lightning flashes in the U. S. every year. Lightning can strike more than 10 miles from where it is raining. If you hear thunder, lightning is close enough to pose a threat.

All thunderstorms produce lightning. Lightning strikes cause horrific injuries. Being struck can cause burns, serious lifelong pain and permanent neurological disabilities, as well as cardiac arrest and death.

Some safety tips to heed during a thunderstorm are listed below.

Inside

Lightning can enter a structure through metal water and sewage pipes so avoid bathing, washing dishes or other water required activities.

Do not talk on a landline phone. A bolt of lightning could hit a telephone pole and cause an electrical surge to shoot through the line. Cell phones are safe as long as they are not plugged in to an electrical socket.

Unplug electrical items. Lightning travels through electrical wiring, plugs and cords.

Keep your distance from windows and doors. Lightning can move through glass and unsealed cracks along floors and window panes.

“Every year homeowner insurance claims for lightning losses total in the hundreds of millions, reports Buck with GreatFlorida Insurance, Florida’s top independent homeowner insurance agency. “Florida usually tops the list with thousands of claims annually.”

OutdoorsLightning_Infographic

When thunder roars, go indoors. There is no safe place outside during a thunderstorm. If you are in the water, get out immediately. Avoid open structures such as gazebos, porches and baseball dugouts.

Lightning tends to strike the tallest object in the area and you do not want that to be you. If you are caught in an open area, such as a golf course or ball field, the Centers for Disease Control and Prevention (CDC) recommends you crouch down into a ball position, with your feet and knees together with your head tucked and your hands over your ears. The idea is to get low without touching the ground. Lightning causes electric currents along the top of the ground that can be deadly from over 100 feet away.

If you are in a group spread out from one another to reduce the number of injuries if lighting strikes the ground.

Wait to go outside for 30 minutes after you hear the last thunderclap.

Someone who is struck does not carry and electrical charge and requires medical attention immediately.

Don’t let a storm rob you. GreatFlorida Insurance provides top notch homeowner’s insurance at a price to fit your budget. Give us a call today.

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The post Caught off Guard-Lightning appeared first on The GreatFlorida Insurance Blog.

by GreatFlorida Insurance
3/16/2016

If you are looking to put your house on the market or just want to spruce it up, GreatFlorida Insurance has some tips to increase the value and make you fall in love with your home again.

“You do not have to take out a second mortgage on your home to make impactful changes. Many home renovations are budget-friendly and can be done by the homeowner,” says Ellsworth Buck, Vice President of GreatFlorida Insurance, Florida’s leading independent homeowner’s insurance agency.

Kitchen-The kitchen is the heart of the home which is why it sells homes. A kitchen remodel can run into the thousands but it does not have to be out of reach. Some simple and cost effective changes that can change the look of this high traffic area includes: changing out hardware on the cabinets and drawers, updating light fixtures or replacing the kitchen faucet. If you really want to flex your DIY muscle, try installing a backsplash.

Bathroom-Bathrooms are another popular place in the home. In order to keep renovating costs down, try cleaning or re-grouting the tile. Apply fresh caulk around the tub and sink area. Replacing the mirror or bathroom lighting makes a strong visual impact. Changing out the toilet or even just the toilet seat can make a clean impression.

Paint-Painting is an inexpensive way to create a different environment in a room.  Experts at HGTV recommend, “Soft, cool colors create a quieter feeling while strong colors add drama. Warmer, contrasting and brighter colors add to a sociable atmosphere, deeper blue-greens and neutrals will give a more formal ambiance.”

Lighting-Adding dimmer switches to your current lighting can help create mood. Softer bulbs can bring warmth into a room. Check into updating a ceiling fan or just the blades with a more modern style. Replacing a nondescript light fixture with a chandelier or oversized pendant in the entryway, kitchen or bedroom can make a bold design statement.

Front Door-“Replacing your front door will not only boost your home’s style, but it could also provide you with a discount on your homeowner’s insurance,” reports Buck with GreatFlorida Insurance, Florida’s largest independent homeowner’s insurance agency. Replacing your front door can provide you with an 82 to 98 percent increase on your investment, according to Remodeling Magazine’s 2016 Annual Cost vs. Value Report. If you are not interested in replacing your door, painting it will also provide a wow-factor.

Curb Appeal-Overgrown landscaping can obscure your home’s view and foster mold growth. Mowing your yard, pulling weeds along with pruning shrubs and bushes will increase the attractiveness of your home. Adding new, clean house numbers can also make a fresh impression.

Maintenance and Repairs-Investing in simple repairs around your home such as, plumbing leaks, drywall repairs, rusted rain gutters and replacing windows are affordable fixes that go a long way in making your home more comfortable while feasibly averting future problems.

GreatFlorida Insurance provides affordable rates on the most costly asset you own. Our homeowner’s insurance provides adequate coverage for all your needs, call us today.

The post Simple and Affordable Home Renovations appeared first on The GreatFlorida Insurance Blog.