Over the last several years, condo insurance in Florida has become outrageously expensive, at times nearly impossible to find, and a very big problem for the state and its tourism-based economy.
The state's regulatory committees have taken steps in to find an answer to the problems, and some of the pressures have let up.
Below are two examples of insurance quotes in Florida in 2008.
Not all of the insurance companies listed will write in every area, but it should at least give an idea of where to start and the expense to expect.
Please select one of the rating examples below:
$150,000 Pre-2001 Construction Condos and Homes
Built in 1990, Florida masonry home, with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past 3 years. Premium examples are shown with no wind mitigation features and with maximum wind mitigation features.
Miami Florida Condo Insurance
Palm Beach Florida Condo Insurance
Sarasota Condo Insurance
Naples Florida Condo Insurance
Destin Florida Condo Insurance
Jacksonville Florida Condo Insurance
Daytona Beach Condo Insurance
$300,000 New Construction Condos and Homes
Built in 2005, Florida masonry home, with a current replacement value of $300,000, a $500 non-hurricane deductible, a 2% hurricane deductible, no claims in the past 3 years, minimum premium discounts for limited wind mitigation features and no hip roof.
Miami Florida Condo Insurance
Palm Beach Florida Condo Insurance
Sarasota Condo Insurance
Naples Florida Condo Insurance
Destin Florida Condo Insurance
Jacksonville Florida Condo Insurance
Daytona Beach Condo Insurance
NOTE: THIS IS BEING PROVIDED FOR COMPARISON PURPOSES ONLY TO DEMONSTRATE THE IMPORTANCE OF SHOPPING FOR FLORIDA CONDO INSURANCE QUOTES. Insurance companies listed may not be writing new business in all counties. Citizens Property Insurance Corporation was writing in all counties when this information was compiled.
