Learn how to find affordable condo insurance in Orlando, Florida.
Orlando is world famous for a reason. Right in the center of Florida, it’s home to Disney World, a Universal Studios, Sea World, and many resorts. But you don’t have to be a thrillseeker to find a reason to lay down roots in Orlando. Its proximity to beaches, vibrant food scene, and art community has something for everyone. There’s even the annual Florida Film Festival that features more than 150 independent films.
It’s also one of the many places in Florida where we offer competitive condo insurance. Take a look at what makes our policies affordable, what coverage we offer in our Florida HO6 insurance, and how to control the risks condo owners face in Orlando.
The cost of condo coverage varies depending on your condo structure. As you can see below, condos in high-rise buildings have lower average premiums because these structures tend to be more wind resistant and less exposed to flood damage. That’s important considering Orlando’s hurricane risk.
Our average Orlando condo insurance premium for a high rise condo is $844 a year, and for low rise condos, it’s $1,042 a year.
|Kin average premium
|Low rise average premium
|High rise average premium
That said, your rates may be much lower – it all depends on your condo’s location, age, safety features, and claims history. The best way to know what you’ll pay? Get a quote!
Your condo insurance policy (or HO-6 policy) picks up where your homeowners association’s master policy leaves off. The HOA master policy usually covers shared areas and your condo’s exterior, while your policy covers your condo’s interior and more, such as:
Your condo policy covers your home for all events except those the policy lists as exclusions. This is an open-perils policy, and that means a lot of sources of damage are included: fire, theft, vandalism, windstorm, internal water damage, and more.
But some catastrophic events, like floods, require extra consideration. Let’s see how your coverage responds to some of Orlando’s biggest risks.
Orlando sits in such a central location on the Florida peninsula that it can face a hurricane from the Gulf or the Atlantic coast. Hurricane insurance is essential for this area, and it’s automatically included in your Kin condo policy. Just remember that your hurricane deductible applies for damage from named storms.
The city of Orlando is subject to flooding from rain that accumulates in poorly draining land. Without flood insurance, the damage from even a few inches of water can leave condo owners with tens of thousands in repair costs.
While a homeowner’s only option for flood insurance once was the National Flood Insurance Program (NFIP), times are changing! Now you can add on flood insurance to your condo policy. It’s an affordable way to fill the gap in your homeowners policy that excludes flood damage.
The ground beneath Orlando’s concrete jungle has a high concentration of limestone. When saturated after a flood, the limestone can erode and collapse, causing sinkholes. Your Kin condo owners policy includes catastrophic ground cover collapse coverage that can help you rebuild after a severe sinkhole loss.
We reward you with lower rates when you take steps to make your condo safer. We offer discounts for:
You can also adjust your deductible to reduce your premium. The higher the deductible, the lower your premiums. Just make sure you don’t take on a deductible you can’t comfortably afford with little notice.
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