St. Petersburg, nicknamed the Sunshine City, has more than tropical weather and one of the nation’s top-ranked beaches. With over 1,000 special events and festivals each year, it’s not surprising that more than 260,000 people enthusiastically call St. Pete’s home.
As a condominium owner, you’re usually responsible for protecting everything within the four walls of your individual unit. The right condo insurance, also called an HO6 policy, does exactly that. Policies cover your unit, the contents of your unit, your personal liability, and what your condo association requires you to cover.
Unfortunately, HO6 policies in Florida are pricey – but they don’t have to be.
We’re Kin, and we’re a different kind of insurance company. By using technology to mine granular insurance data, we can offer condo insurance that more closely reflects your unique risks.
Ready to get a quote? Then enter your address. Otherwise, let’s take a look at how much condo insurance costs in St. Pete.
Condo insurance costs in St. Petersburg
The situation in Florida is pretty dire when it comes to property insurance. On average, the state has the most expensive homeowners insurance in the country: $2,165 per year.
What does that have to do with condo insurance costs? In truth, condo insurance usually costs less than homeowners insurance. But the problems that plague Florida’s home insurance market, like costly reinsurance and excessive litigation, also impact condo insurance.
Add in the fact that St. Pete sits on the Gulf of Mexico and chances are condo owners pay high premiums to insure their property.
What risks do St. Petersburg condo owners face?
While towns along the Gulf Coast have always been susceptible to hurricanes, some now say that Tornado Alley has shifted due to climate change. According to the Federal Emergency Management Agency (FEMA), St. Pete currently has a relatively high risk for tornadoes.
Additional risks FEMA notes for St. Petersburg St. Petersburg risks include:
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Lightning.
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Cold wave.
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Coastal flooding.
Please note: Your condo insurance likely doesn’t cover flood damage. If your neighborhood is in a high-risk flood zone as designated by FEMA and you have a federally-backed mortgage, then you’ll have to purchase flood insurance.
Weather risks aren’t your only concern. St. Petersburg also has a higher property crime rate compared to the rest of the U.S. The chance of becoming a victim of a property crime in St. Petersburg is 1 in 39.
Together, these factors can create upward pressure on your condo insurance costs in St. Pete.
How we help condo owners save
We use technology to analyze both the risks in St. Pete and your condo’s unique characteristics. Evaluating both lets us price our policies so that the premium reflects your unit’s particular risk. While there’s no guarantee that our condo insurance will be the cheapest you find, our members report an average savings of over $400.*
Members have also saved money by selecting higher deductibles. Choosing larger deductibles can decrease your insurance costs.
We offer the following condo insurance deductible options in St. Pete:
You might also qualify for a few condo insurance discounts. Our members earn discounts and premium credits :
And remember, while your condo insurance covers hurricane- or tornado-driven wind damage (where applicable), it does not cover flood damage in any form. For that, you’ll need flood insurance. Head to the Pinellas County Flood Map Service center to view flood maps for your area.
Frequently asked questions about condo insurance
Getting the right insurance for your condo doesn’t have to be difficult, but it certainly helps to do some research before you apply. Here are links to answers for some of the more common questions we get about condo coverage.
Resources for St. Petersburg condo owners
How to get condo insurance in St. Petersburg
The easiest way to get a quote is to enter your address so our technology can walk you through the process. If you’d rather talk to a person, our representatives are available at 855-717-0022.
While other insurance companies have left Florida because, we’re committed to bringing affordable coverage to the condo owners who need it most. We’re here for the long haul.
Get a quote for St. Petersburg, FL, condo insurance today.
*Customers who switched to Kin report annual savings of $411 on average based on Kin Customer Savings Survey conducted October 2022 - October 2023.
