How Much Is Hurricane Insurance in Florida?

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Florida Hurricane Insurance If you are a homeowner in Florida, chances are you will encounter a hurricane during the time that you live here. Most of the time, home insurance policies in Florida include hurricane coverage, subject to a separate, specific hurricane deductible. Exemptions occur for homes on barriers islands or in the “wind pool” that may require a separate wind policy. Or, for excess and surplus insurance companies that may require a wind, or named storm deductible versus the specific hurricane deductible.

The Cost of Hurricane, And Thus Home Insurance, in Florida Depends on Several Factors

To get an accurate calculation, it is best to call a licensed agent in Florida. The premium for your coverage will depend on things such as:

  • The value of your home, specifically the cost to rebuild
  • Wind mitigation features of the home as determined by the “wind mitigation inspection” or construction year of the home
  • The age of your home
  • The location of your home (along the coast or inland)
  • Your Insurance Score
  • Type of doors and windows on your home (shutters & wind pressure resistant garage doors)
  • How the home will be used
  • Age of the roof
  • The deductible you select – higher deductibles mean lower premiums

A Closer Look at Deductible Options

Depending on the deducible you choose for your hurricane deductible, the price of your policy will reflect the risk the carrier is assuming based off your deductible. Common hurricane deductibles in Florida are: $500, 2%, 5% and 10% of the policy dwelling limit. For instance, if you insure a home with dwelling coverage of $500,000 with a 10% deductible, your deductible will be $50,000. The difference between a $500 and 10% deductible can be huge, so the cost of hurricane coverage can vary greatly depending off the deductible you select.

Ways to Help protect Your Home From Hurricane Damage

There are many ways to protect your home from hurricane damage. Mitigation is sometimes the best protection against damages from windstorm events. Here are some quick tips to lessen the chances your home will be damaged by a hurricane:

  • Keep your roof in good condition, replace as needed
  • Maintain proper exterior painting and sealing maintenance to avoid water/moisture intrusion
  • Install impact resistant windows and doors
  • Inspect window and door seals. Be sure the seals are working properly and are undamaged. One of the biggest threats of hurricanes is the immense pressure that can build up if your home is breached by wind.
  • Remove lose items like lawn furniture and basketball hoops from your yard. Flying debris can wreak havoc on your home or neighbors.
  • Install window shutters to bolt closed during a storm.
  • Check drainage including gutters to ensure proper runoff of water during the storm.
  • Be sure to check with your agent to ensure your coverage is in place and suitable for any renovations you have made.

Help protecting your home from hurricane damage is a priority for us at Responsive Insurance. We offer insurance coverage from multiple A-rated insurance carriers in Florida and can help you find the right coverage for your situation. Call one of our licensed agents today and let us help you with this important decision. We look forward to helping you with your with hurricane insurance in Florida.

The above description provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.