Home insurance in Pembroke Pines

While the average annual cost of home insurance in Florida is $9,462 according to the latest data from the Consumer Federation of America, Pembroke Pines residents may see slightly higher rates. Higher rates in this city are typically locationally driven, as Pembroke Pines is at an increased risk of storm and hurricane related damages. 

However, how much you’ll pay for coverage will vary based on several factors, including the composition and age of your home as well as any hardening efforts or safety features you’ve installed. A home insurance quote is the best way to see how much you’ll pay for a policy.

Your Pembroke Pines home insurance policy premium be based on several factors, such as: 

• Hurricane risk due to coastal proximity

• Roof age and hurricane resistance

• Home’s age and compliance with modern codes

• Historical claims frequency in the area

• Policyholders credit-based insurance score

• Urban density and crime rates

• Proximity to water bodies or canals

Though there is no one-size-fits-all coverage solution, keep the following in mind when considering your specific home insurance needs. 

• Dwelling coverage. Carry enough to cover 100% of the cost to rebuild your home based on local labor and material rates.

• Other structures insurance. Typically set to at least 10% of your dwelling coverage limit, but you should have enough to rebuild other structures on your property, such as a detached garage or pool house.  

• Personal property coverage. Often set at 50% or more of your dwelling limit. You should have enough coverage to replace your insurable belongings after a full loss. 

• Personal liability insurance. Carry enough coverage to protect your assets, such as savings, real estate, and investments, if you’re sued after a covered, at-fault incident.

• Flood damage, including that caused by storm surges or overflowing bodies of water 

• Rodents or termite infestations

• Sewer backup and sump pump failures

• Repairs or replacements to components, systems, or materials compromised by wear and tear

Given risks like hurricanes, flood-prone areas, and rapid development, homeowners should consider:

• Flood insurance

• Water/sewer backup coverage

• Law and ordinance insurance

• Extended replacement cost

There are no state laws that require homeowners insurance in Pembroke Pines or any other Florida city. However, you’ll likely need home insurance if you finance your property. Depending on your lender and location, flood insurance may also be required in designated flood risk areas.