What Florida Homebuyers Need to Know About Homeowners Insurance

Buying a home in Florida? Then you’ve likely heard whispers (or full-on warnings) about the state of homeowners insurance right now—and for good reason. It’s no secret: Florida’s insurance market has been through a few storms of its own.

But here’s the good news: you can navigate it wisely—and potentially save thousands—if you ask the right questions early.

Let’s break it down.

😬 First, A Quick Look at the Florida Insurance Mess

Florida's insurance market has seen major shifts in recent years due to:

• Increased storm activity
• Lawsuit abuse in claims
• Insurance companies pulling out of the state or going under

As a result, rates have gone up—sometimes drastically—and some homes are harder to insure, depending on age, roof condition, and location.

But that doesn’t mean you’re stuck. It just means you need to shop smarter.

🛒 Shop Around—Don’t Just Take the First Quote

Many buyers receive a quote from their lender’s preferred provider or a referral from their agent and assume that’s the best (or only) option.

But here’s the truth:
Rates, coverage options, and requirements can vary dramatically from one insurer to another.

I always recommend buyers get multiple quotes, especially from an independent insurance broker who works with different carriers—not just one company. This gives you a broader view of your options.

💡 Ask About Bundling Discounts

If you're also getting auto or flood insurance, ask about bundling.
Most carriers offer discounts when you package your policies together—and while it may not seem like much monthly, it can add up quickly over time.

🏛️ Don’t Overlook Citizens Insurance

Many insurance agents hesitate to write policies through Citizens Property Insurance, Florida’s state-run “insurer of last resort.” Why? Because Citizens is known for being particular—they have strict rules, require more documentation, and aren't always the easiest to work with behind the scenes.

But here’s the thing:
Citizens can offer significantly lower premiums than private carriers—especially for certain homes.

It’s not the right fit for every property, but it’s absolutely worth asking about.
If you get a quote from your lender or agent’s recommended provider, make sure to ask:

👉 “Did they check Citizens?” and don't accept "No" as an answer

It’s a simple question that could save you thousands over the life of your loan.

💰 How Insurance Affects Your Monthly Payment

Your homeowners insurance premium isn’t just a side cost—it’s baked directly into your monthly mortgage payment through your escrow account.

That means:

• A difference of even $1200/year in insurance = an additional $100/month on your mortgage payment
• Over 30 years? That adds up to tens of thousands of dollars

So yes, it matters.

📌 Final Thought: Ask, Compare, Confirm

Homeowners insurance in Florida isn’t one-size-fits-all, and the first quote isn’t always the best.
By taking the time to shop around, ask about bundling, and specifically inquire about Citizens, you’re protecting your home—and your budget.

Need a referral to a solid, responsive insurance broker who’ll walk you through all your options? I’ve got you.