Florida Homeowners Insurance.
 

Anyone got any ideas where we can find cheaper Homeowners Insurance? I have been searching the net all day for companies who will sell cheap homeowners in Florida. I came up empty. A lot of Insurance companies don't even sell products in Florida any more.

We just got hit with a $3700 homeowners assessment from Citizen. This is massive hike from last years, even though we did'nt have any hurricanes last year.

:eek: :scared:

Re: Florida Homeowners Insurance.
 

I've heard stories down here of people telling insurance companies they're renting their house out, which makes the insurance cheaper.

Obviously they're not covered for loss of contents.

I'm not saying that's the best option!

Re: Florida Homeowners Insurance.
 

Cheap does not mean adequate. Maybe it's time to move to another state!:D


NC Penguin

Re: Florida Homeowners Insurance.
 

We have a policy with Tower Hill Insurance.....$846.80.....covers everything for a 3 bedroom house. Our auto insurance is really cheap too, our insurance agent told me a lot depends on where you are located. We live in Leesburg but my friend in Tampa was quoted twice as much for a similar policy from the same insurance company.

Re: Florida Homeowners Insurance.
 

move location preferably state?

as you said, many companies just aren't covering the state because of the risk, so the few that do don't have to worry about competition...

Re: Florida Homeowners Insurance.
 

Last year Texas Select, our homeowners insurance went bust and because of all the problems in 2005 with major hurricanes on the Gulf Coast we found it impossible to find anyone to write us a new policy.

This was the one time we were glad we were over 50 as AARP came to our rescue and we actually ended up with a better policy for less money than we had been paying. The "Wind Coverage" is what bites us, the rest of it is really cheap. But then we have to have flood insurance as well and that's not cheap either

Re: Florida Homeowners Insurance.
 

Tower Hill/Claradon dropped us after 10 years last year citing that they were pulling out of Florida. It would appear that they lied to us.......hmmmm.

We got our next policy from www.fedusa.com They have an office here in Ft. Myers. We pay about $1500 for our 3/2 here in Ft. Myers.

Roy

Re: Florida Homeowners Insurance.
 

AARP will not issue home insurance in Florida.

Re: Florida Homeowners Insurance.
 

We also have Tower Hill Insurance, we're AAA members and did the paperwork through them.

Re: Florida Homeowners Insurance.
 

It really depends where you live as to what your choices are. If you live on the waterfront, you'll be lucky to get anything other than Citizens.

We're with State Farm - again, availability is location based. If we lived just the other side of the I-75 (just 2 miles away), they wouldn't write us a policy.

Only advice is to shop all companies. Try some of the websites which get lots of people to ring and quote you, such as www.insure.com, www.netquote.com, www.insweb.com. That's what I do as a matter of course when the renewal is due. As others have mentioned, I have had favourable quotes from Tower Hill also, although last year the difference wasn't significant enough to switch from State Farm - I've heard some dropping stories about Tower Hill as mentioned by explorerman.

Re: Florida Homeowners Insurance.
 

We're also with State Farm -- living just north of Tampa.

Re: Florida Homeowners Insurance.
 

I have a 17th floor condo in Panama City and I have to have flood insurance - Idiots.

It's getting harder and harder to get insurance in FL....

Re: Florida Homeowners Insurance.
 

I heard on NPR this morning the politicians in FL are meeting to discuss this issue...

Re: Florida Homeowners Insurance.
 

We may have to go with the bare minimum which our mortgage company can live with. No way we can afford almost $4000 for homeowners. While we were visiting Pennsylvania and New Jersey last year we had a look at a few homes, but neither of us wants to move North because of the cold winters. I love living here in Florida, and where I want to stay. I hope the new Governor can come up with a few answers for this daylight robbery from Citizens and other Insurance companies.

Re: Florida Homeowners Insurance.
 

Thanks for this. I just emailed them, but they don't seem to have an agent in this area. Hopefully something can be worked out. :)