Condo insurance in Miami

Need affordable condo insurance in Florida? You've come to the right place!

For many people, Miami isn’t just the financial center of Florida; it’s the cultural epicenter of the state, too. Those two draws make it easy to see why so many people want to live in Miami (almost 450,000 according to the most recent census). From the Bayside Marketplace to Little Havana, life here is just more vibrant.

Whatever drew you to Miami, just remember that the city also has risks that make it essential for you to get quality condo insurance. Let’s look at what insurance typically costs, the risks that impact that cost, and how we’re working to help condo owners get affordable HO6 insurance in Miami. 

How much is condo insurance in Miami?

As a Florida condo owner, you’re probably well aware of the high insurance rates in your state. Homeowners have seen rates go up consistently for several years, due in large part to costly reinsurance. Condo insurance, while often less expensive than homeowners insurance, is affected by many of the same issues.

Living in Miami also impacts the cost of your condo coverage. Even if you don’t live on the waterfront, your chances of hurricane damage pushes your insurance rates up. Risk Factor rates your wind risk as extreme.

Property crime can also affect condo insurance rates in Miami. Unfortunately, the rate of property crime in your city is 29 per 1,000 – which translates into a one in 39 chance of being a victim of burglary, larceny, and arson.

Keep in mind that your condo premium may vary depending on the structure of your building (like a high rise or a townhouse), the age of the building, and its proximity to the coast. The only way to know what you’ll pay for coverage is to get a quote. It’s fast, free, and easy!

How to save money with Kin

We’re all about helping Miami condo owners save on their HO6 policies, and that starts with our technology. It allows us to mine publicly available insurance data so we can better evaluate the specific risks your house faces. That way, we can offer you a fair and accurate premium.

We also offer several discounts for condo owners, including ones for:

  • Having strong wind mitigation features.

  • Installing fire alarms and water leak detectors.

  • Living in a secured or gated community.

Again, the best way to know if you’ll save money by joining Kin is to request a free quote, but the average Florida condo owner reports saving $435 when they switch to Kin.*

Condo coverage for Miami’s biggest risks

Condo insurance covers damage from a lot of perils, like wind, fire, theft, vandalism, and hail. But how does it respond to natural disasters? Let’s take a look.


Miami is so used to hurricanes that University of Miami athletic teams are called the Hurricanes. But hurricanes are hardly something to cheer for. Without hurricane insurance, condo owners could be left paying for wind damage from named storms out of their own pockets. 

Luckily, all our condo policies cover damage caused by hurricane winds. Just pick your hurricane deductible, and you’re good to go!


The city of Miami is prone to flooding. Low-lying land with poor drainage is prone to king tides and storm surge during hurricanes and tropical storms. According to Risk Factor, Miami has a major risk of flooding over the next 30 years.

While flood insurance isn’t automatically included in condo policies, you may be able to add this coverage through the National Flood Insurance Program.

Catastrophic ground cover collapse

All of our policies include catastrophic ground cover collapse coverage for damage that occurs  when the ground cover abruptly collapses, causing a depression that is clearly visible to the naked eye. For the coverage to kick in, there must be structural damage to your condo and its foundation, and a government agency must have ordered it to be vacated after condemning it.

Frequently asked questions about condo insurance

Chances are you have plenty of more questions about condo insurance. Click on the links below to find the answers to some of the most common one we hear.

Miami condo owner resources

HO6 guides for Florida cities

Get affordable condo insurance in Miami with a quote from Kin today. 

*Customers who switched to Kin report annual savings of $435 on average. Based on Kin Customer Savings Survey conducted from December 2022 through December 2023. Potential savings may vary.

Check out how much our customers love Kin

Related Posts:Keep exploring

Start Saving on Your Home Insurance*