Florida Homeowners Insurance
The iconic beaches and waterfronts that make Florida such an appealing place to live also carry unique risks for homeowners. The Sunshine State is susceptible to hurricanes and floods, which can make finding appropriate and affordable home insurance challenging.
But Kin can help. We can cover homes all over Florida without compromising coverage.
To learn more about insurance for your specific city, check out these guides for:
To learn about Florida home insurance, hurricane deductibles, the cost of coverage, and ways to save on insurance, keep reading.
What Does Florida Home Insurance Cover?
Kin’s Florida home insurance policies offer the following types of protection:
- Replacement cost coverage for the dwelling (Coverage A), other structures (Coverage B), and your belongings (Coverage C) when they are damaged or lost because of fire, non-hurricane wind or hail, theft, and vandalism. Replacement cost coverage can pay to repair or replace your property with brand-new items of a similar kind and quality.
- Loss of use coverage (Coverage D) to pay for additional living expenses if a covered claim makes your home uninhabitable during repairs.
- Personal liability coverage (Coverage E) to help pay your legal bills if you’re held responsible for another person’s bodily injuries or property damage.
- Medical payments coverage (Coverage F) to help pay for someone’s immediate medical bills if they are injured on your property.
- Hurricane coverage to help pay for hurricane-wind related losses to your home and belongings. This protection does not cover flood damage caused by storm surges – only flood insurance can do that. Your policy has a separate hurricane deductible for hurricane-wind claims.
Kin can also provide flood insurance as an endorsement to your current policy. We’ll look at that in more detail, but first, let’s talk about hurricane coverage.
A good policy will cover your home, belongings, other structures, additional living expenses, personal liability, and medical payments.
Florida Home Insurance and Hurricanes
Most Florida home insurance policies cover your home for hurricane wind damage. Your Kin policy includes a hurricane deductible for this reason. It applies once per calendar year when you make a claim for losses caused by hurricane winds.
All Florida property insurance providers are required to offer coverage for wind damage caused during hurricanes. Hurricane deductibles are usually available as the following percentages of your policy's dwelling insurance:
- 1 percent
- 2 percent (this is Kin’s default option)
- 5 percent
- 10 percent
So if you have $300,000 in dwelling coverage and a 2 percent hurricane deductible, you’d be responsible for paying the first $6,000 toward a hurricane-wind loss.
As with most insurance policies, the higher your deductible, the lower your monthly premiums.
As for flood damage that typically accompanies hurricanes, your standard home insurance can't cover that loss. While your homeowners policy can cover certain types of water damage, such as damage caused by burst pipes or an overflowing sump pump, it won't cover flood damage caused by storm surges. Only flood insurance can do that.
Most of Florida is considered a Special Flood Hazard Area (SFHA). These areas are close to the coasts and other major bodies of water. Homeowners in SFHAs are required to have flood insurance.
Kin can help most homeowners in Florida find affordable flood insurance to protect their homes.