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Homeowners insurance in FL??

Can anyone who lives in FL tell me what they pay in Homeowners insurance? And what companies offer it in FL? Im thinking about buying an older home in the orlando area and have no idea who will insure it?? Or how much it will be?? Thanks

Someone else's homeowners is NOT going to be relevant to yours. It's going to be based on 1. your credit 2. the house update info 3. the occupancy info - if you're NOT living in it as a primary residence, that SERIOUSLY affects the rates.

Most of Orlando is within 20 miles of the coast, so you're going to need THREE policies, unless you pay cash for the house: a Homeowners or Dwelling policy, a Wind policy, and a Flood policy. The median home price in Orlando is about $250,000. So expect the building policy to cost you about $3,000 if you have great credit and no claims history; expect the wind to run you another $2,000 a year with a 5% deductible, and the flood should also be about $1500 a year.

Again, this is a guess pulled out of my hat - it's really going to depend on a lot of other factors, INCLUDING YOUR PERSONAL CREDIT AND CLAIMS HISTORY.

Before you buy a house down there, get the insurance quote from a local agent. Source(s): agent, 20+ years

flood insurance in florida is actually pretty cheap it is though the NFIP the national flood insurance program. around 300, and for the rest of the coverage from 3000 to 6000 depending on what company and what deductibles you chose.

I believe the wind and homeowners policies are sometimes combined, BUT you then have 2 deductibles.
Another big problem I've read about in Florida is sink holes. Ask around on that too before you buy.
Here is a list of homeowners insurance agents in Florida:
http://www.insuremyhouse.com/florida.htm...
List of best Life Insurance compnies offering different types of Life Insurance
Check the list and find out which is best for you,
http://life-insurancee.blogspot.com/...
You and anybody else right now trying to get homeowner's insurance in Florida is going to have a serious challenge.

Heck, the governor is about to call a special legislative session just to deal with it.

Luckily, with Orlando being about 45 minutes from the coast, you are not in super high risk territory but with billions in claims in the last 18 months, pretty much all of Florida is high risk.

Unfortunately, your homeowner's policy in Florida (if you can even get one from the private market) is going to be expensive and it will specifically exclude wind and flood damage. Wind damage insurance must be purchased from the state run high risk pool. Flood insurance must be purchased from the National Flood Insurance Program run by FEMA.

You HO portion of your policy will likely be in the $1500-$2000 range for an average home inland. Your wind coverage will be at least that and your flood coverage will be more than $1000.

You'll be lucky to keep in the $4000-$5000 range and that's only if you plan to live in it full-time.

If you are going to vacation there and not live in it year round, expect the rates to significantly increase because the risk will be much higher.

One special note about flood coverage...the limit is $250,000, so if the house is a total loss and its entirely because of water damage caused by flooding (which in inland Orlando) is not that much of a risk as long as you aren't near a water source and your house is valued at more than $250,000, then you are going to have a pretty big gap.