Florida is prone to hurricanes. It's therefore a good idea for you to purchase a policy that covers hurricanes. 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 insurers provide special coverage to cover storm-related problems, such as wind damage and floods. Some policies are more expensive than standard homeowners insurance, but the extra cost is well worth it.
Amica is an established, large insurer with a recognizable brand. It offers hurricane insurance in addition to all of its other products. J.D. gave it the highest marks in terms of customer satisfaction. Power in 2022, and also has an A+ rating with an excellent financial score from A.M.
Lemonade provides hurricane insurance online. 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.
The deductibles of homeowners insurance are often confusing, particularly for those who reside in areas that are susceptible to tropical storms or hurricanes. Good news: Most people won't be required to pay their hurricane insurance deductibles unless they submit a damage claim.
Insurers that specialize in hurricane insurance include Allstate, State Farm and Citizens Property Insurance Corp. Many Floridians can get windstorm coverage from these companies, and they usually have low rates.
Amica, a major name in Florida's insurance industry, has a long-standing history of offering coverage to residents. A.M. gives it an A+ rating for its financial stability and excellent customer service.
If you don't have a large enough deductible, you can consider buying an optional supplemental policy. The supplemental policy pays for repairs before the hurricane deductible is due.
Your deductible will be determined by the type of policy you buy and the number of storms that have hit your home in the past. Ask an agent to get an estimate and ask the insurance company.
Homeowners who mitigate wind damage can also receive discounts or credits from their insurers. This includes adding storm-shutters, impact-resistant glasses and choosing stronger roof materials.
The first step to finding the best hurricane policy is getting a quote. Comparing quotes between insurers will help you find the best price.
Amica, Kin Insurance, and PURE are some of the insurance companies with a focus on Florida and a great reputation for their customer service. Also, they offer a hurricane policy that can be combined with flood coverage.