Florida homeowners have the option of choosing from many insurance companies. Some insurance companies offer greater coverage than others. Some are more costly than others. Compare several quotes from different companies before making a decision. Also, take note of the discounts for wind mitigation. These features will protect your home as well as reduce your insurance premiums. In addition, they may be free of charge. They may be free of charge if you ask your insurance company.
State Farm
State Farm announces plans to cancel almost 700,000 homeowner insurance policies in Florida after a difficult year. The company will also cancel almost 80,000 condominium policies and 62,000 renter policies. It will also cancel 58,000 boat insurance policies. This rate increase is in response to Hurricane Season 2004, which saw the Florida affiliate of State Farm Mutual of Illinois borrow $750 million. As of August, this debt remains unpaid, and the Florida affiliate reported its surplus had dropped by $201 million during the first three quarters of 2008.
Among the many benefits offered by State Farm homeowners insurance, there is coverage for injuries caused by flooding, fire, and other natural disasters. You can also choose to have your home's replacement cost automatically increased by 20%.
Allstate
Allstate is a great choice if your goal is to get homeowners insurance for Florida. This insurance company not only offers competitive rates but also provides above-average customer service. Allstate is one the largest insurers so it's easy for you to access it from anywhere. Nevertheless, you should compare Allstate's insurance rates with at least three or four other insurance providers to find the best deal.
This company is very popular with homeowners in Florida. Its history dates back to 1864, and it carries an A++ financial strength rating from AM Best. It offers many discounts and endorsements that can save you money. These include hidden-water damage coverage, loyalty discount and multi-policy discounted, as well as discounts for smart-home security. You can also adjust your insurance coverage to suit your specific needs by selecting the right deductibles and coverage levels.
Travelers
Travelers offers standard home insurance coverage and optional coverage packages for a better value. You can customize your coverage to include more assets by contacting the company's customer service team. You can also add green home upgrades to your policy to pay for the costs of green materials. This insurance company will provide average customer service, satisfaction and coverage regardless of what coverage you choose.
Travelers also offers personal injury replacement cost settlement. This covers personal property up to the value of its replacement. This coverage covers the cost of replacing personal property without depreciation. The policy covers a wide variety of items, including medical bills, property damage, loss of use, and other expenses.
Chubb
Florida homeowners insurance by Chubb includes many extra features. The company provides extra coverage for sewer backups. You can also bundle these policies with other insurance products to receive discounts. Visit Chubb's website for more information.
Chubb insurance will pay cash for your total loss if your house is burned by fire. The company will arrange temporary housing for you in nearby hotels, or similar homes. Chubb will also pay for your food and lodging expenses. The policy also covers liability lawsuits and damages caused by natural events.
Universal Property
Universal Property Insurance offers homeowners a variety of discounts. You can get automatic payments from your bank or credit card account, electronic statements, as well as claims-free discounts. You can also save money by installing protective devices around your house. Universal also offers replacement cost protection for property damaged.
Founded in 1997, Universal Property & Casualty Insurance Company is a Florida-based insurer that offers home insurance in Florida and many other states. The company controls 9.7 percent in the state's home insurance market. The company sells homeowners insurance directly to consumers and through independent insurance agencies.