How can I buy homeowners insurance in the state of Florida?
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Asked March 26, 2014
Homeowners insurance is relatively easy to get, no matter where the home is located. Due to the high cost of natural disasters such as hurricanes, a few companies have stopped providing home insurance in Florida, but there are still dozens of insurers available to choose from. It will be more important to find a company that suits your needs than difficult to find an insurer who offers coverage.
The best place to buy homeowners insurance in Florida is to purchase through an insurance brokerage which represents multiple insurance companies. To save yourself some time, use the Internet and get a free quote from a brokerage website such as this one. The quote is free, and will be compared to other leading providers the site serves rather than giving you a single option. For some people, the best part of buying insurance from a brokerage website is that the broker does most of the research for you, such as only offering policies from companies with high financial ratings.
One problem that you may run into is trying to purchase flood insurance in Florida. Flood insurance is required in many areas and is strongly advised throughout the state, even though flood insurance is not part of any standard homeowner's package. The Florida Office of Insurance Regulation can tell you what the insurance requirements are for your specific location.
Buying through an insurance broker is still the fastest and easiest solution, but you can also call the Florida Office of Insurance Regulation. That department licenses insurance companies in the state and maintains a list of all insurance providers available there. The Florida Office of Insurance Regulation also manages the high risk insurance pool for locations where traditional insurers will not cover property at all.
Answered March 26, 2014 by Anonymous