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The cost of homeowners insurance in Florida can vary significantly based on several factors in addition to geographic location:

  • Type of construction
  • Dwelling value
  • Mitigation features
  • Amount of deductibles

CHOICES provides average rates for a variety of companies writing insurance in each county, in addition to rates for Citizens Property Insurance Corporation. The rates quoted here are for illustrative purposes, and reflect the most recent rate filings approved by the Office. These rate quotes are for the two sample risks described below – premiums for your home will vary depending on individual circumstances. The Office recommends that you contact the insurance companies to obtain an official premium quote. Please select from the following examples:

$150,000 Value - Pre-2001 Construction w/ No Wind Mitigation

This risk is for a Florida masonry home built in 1990, with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for no wind mitigation features. [To learn more about wind mitigation features, see Form OIR-B1-1655.]

$150,000 Value - Pre-2001 Construction w/ Wind Mitigation

This risk is for a Florida masonry home built in 1990, with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for maximum wind mitigation features. [To learn more about wind mitigation features, see Form OIR-B1-1655.]

$300,000 Value - New Construction

This risk is for a Florida masonry home built in 2005, with a current replacement value of $300,000, a $500 non-hurricane deductible, a 2% hurricane deductible, no claims in the past three years, and minimum premium discounts for limited wind mitigation features and no hip roof. [To learn more about wind mitigation features, see Form OIR-B1-1655.]

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What is a hip roof?

A hip roof, or hipped roof, is a type of roof where all sides slope downwards to the walls, usually with a fairly gentle slope. Thus it is a house with no gables or other vertical sides to the roof. A square hip roof is shaped like a pyramid. Hip roofs on rectangular houses will have two triangular sides and two trapezoidal ones.

The shape of these roofs make them less susceptible to wind damage. As a result, they are entitled to greater discounts.

A square hip roof is shown in the illustration below:


Hip roof example

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Disclaimer:

THE SAMPLE RATES ARE PROVIDED FOR COMPARISON PURPOSES ONLY. The listing of an insurance company on this site does not constitute an endorsement by the Office. The insurance companies listed on this site may not be writing new business. The rates provided do not include surcharges or discounts that may apply to a particular policy. Actual rates may vary.

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