Florida is known to be prone to storms and hurricanes. A home insurance policy should include hurricane coverage. While finding the right insurer may be a hassle, it is worth it in order to protect your finances if there's a storm.
Best hurricane insurance florida
Some insurance companies offer coverage for storm-related issues such as flooding and wind damage. These policies cost a little bit more than an average homeowners policy but they are worth the extra expense.
Amica offers hurricane protection in addition its other home insurance policies. It has earned top marks for customer satisfaction from J.D. Power by 2022. A+-rated with an excellent rating of financial stability from A.M.
Lemonade Insurance is another new online insurer offering hurricane coverage. It has a calculator on its site that will tell you how much you could save if you make certain changes to the home to prevent it from being damaged by hurricanes.
Florida law requires home insurance companies to offer hurricane damage deductibles of $500, 2% 5% or 10%. If you have one of these percentage-based deductibles, the insurer won't pay out any money until you've met the deductible.
Deductibles, which are part of homeowner's insurance policies, can be confusing for homeowners who live in areas susceptible to hurricanes or tropical storms. The good news is most people do not have to pay hurricane deductibles until after they make a claim.
Allstate State Farm Citizens Property Insurance Corp. and Citizens Property Insurance Corp. specialize in providing hurricane insurance. They offer affordable windstorm protection for many Floridians.
Amica, a major name in Florida's insurance industry, has a long-standing history of offering coverage to residents. A.M. gave it an A+ for financial strength and its excellent customer service.
If you don't have a large enough deductible, you can consider buying an optional supplemental policy. The supplemental insurance will cover the cost of the repairs before you pay the hurricane deductible.
The deductible you pay will depend on the policy you purchase and how many storms your house has been hit by in the past. Ask an agent to get an estimate and ask the insurance company.
Many insurers offer homeowners discounts and credits when they take precautions to prevent wind damage. Some of these include installing storm shutters, choosing impact-resistant windows and stronger roofing materials.
The first step to finding the best hurricane policy is getting a quote. Then, you can compare quotes from different insurers to find the best deal.
Amica Insurance Company, Kin Insurance Company and PURE Insurance are some insurance companies who specialize in Florida homes. They have an excellent reputation when it comes to customer service. The company offers a combination of flood insurance and hurricane coverage.