Which Companies Offer Homeowners Insurance in Florida?

which companies offer homeowners insurance in florida

If you’re looking for homeowners insurance in Florida, you may wonder which companies offer the best coverage. Fortunately, the answer is easy. Listed below are the top 25 insurers in Florida. All are highly rated by the customer satisfaction rating service J.D. Power. In addition to home insurance in Florida, these insurers also offer coverage for rental properties. The key is to find the right fit for your needs.

Citizens is one of the best-rated home insurance companies in Florida, ranking first in customer satisfaction and second in claims. Their policies are generally regarded as fair and reputable by policyholders. Citizens also offers unique coverage, such as Sinkhole Loss, which pays for structural damage caused by ground subsidence. In addition to offering comprehensive coverage, it offers several discounts. Finally, the company’s average premium is below the state’s average.

If you live in Florida and have a high-value property, Chubb is a good choice. Its policies offer cash settlement options and extended replacement costs. Additionally, you can take advantage of numerous extras, including home inspections and tree removal, which may justify its higher premiums. Nonetheless, you should take note that Travelers is one of the most expensive insurers in the state. But you can save a few bucks each month by choosing another insurer.

Another great way to lower homeowners insurance in Florida is to take advantage of any discounts offered by the insurance company that provides your coverage. By bundling your auto and home policies together, you can get a 30% discount. By adding a home security system, you can save almost five percent on your premium. Another way to lower your homeowners insurance in Florida is to choose a higher deductible. In exchange, you have to pay more out of your own pocket when filing a claim.

Security First is another great insurer in Florida. Founded in 2005, this company provides insurance policies tailored to Florida residents and boasts hands-on customer service. Its policies cover a variety of situations, including rental homes and golf carts. You can also opt for a hurricane deductible and even a golf cart protection policy. Besides comprehensive coverage, this insurer also offers a customer portal and mobile app to keep track of your insurance needs.

Homeowners insurance policies vary in price depending on the amount of coverage, deductible level, and type of loss. Some companies will charge more than others for additional coverage, so make sure to research and compare several policies before purchasing your policy. A policy that covers floods is also a good idea. Floods are a common cause of homeowners insurance claims in Florida. Flood damage is usually not covered by standard policies, so a separate policy should be purchased for this type of property insurance.

Tower Hill is another company to consider. The insurance company provides comprehensive flood coverage and has a contractor network program that makes home repair seamless. It is especially popular among high-net-worth Floridians and offers special policies for large homes, including enhanced debris removal and screened enclosure coverage. You can even request a quote from these insurance companies in Florida. However, remember that it’s always best to research before you purchase homeowners insurance in Florida.

State Farm, Heritage, and Universal are the largest homeowners insurance providers in Florida. If you need to get homeowners insurance, shop around for a better deal. As a result of rising costs, Florida’s rates are rising. Some insurers even propose to raise rates by almost 11% for Citizens Property Insurance Corp., the state’s insurer of last resort. These increases would go into effect in August 2022. The increase in rates is a result of storm damage and rapid roof replacement fraud schemes. Moreover, runaway litigation is driving up premiums, so shop around.

USAA is another company with a high customer service rating. Its policies provide content replacement cost coverage, which is important if you are renting out rooms or entire units. There are several ways to lower your premium, such as being claims-free, bundling your policies, and installing security devices in your home. You may also qualify for a discount on your premiums if you have a high security alarm system.