Homeowner Insurance Companies in Florida

Florida is a beautiful state, but it can also be prone to natural disasters like hurricanes and floods. That’s why homeowner insurance is crucial for Florida residents. With so many homeowner insurance companies in Florida, it can be overwhelming to choose the best one for your needs. In this article, we’ll discuss some of the top homeowner insurance companies in Florida and what you should consider when selecting insurance.

Top Homeowner Insurance Companies in Florida

Choosing the right homeowner insurance company in Florida can be daunting. To make it easier, we’ve compiled a list of top homeowner insurance companies in Florida, based on customer satisfaction, coverage options, and financial strength.

Company Name	Customer Satisfaction	Coverage Options	Financial Strength
State Farm	4.5/5	Excellent	A++
Universal Property & Casualty	4.5/5	Excellent	A-
Citizens Property Insurance	3.5/5	Good	N/A
People’s Trust Insurance	4/5	Excellent	B+
Security First Insurance	4/5	Good	A-

1. State Farm Insurance

State Farm is the largest insurer in Florida, offering a wide range of insurance products, including homeowner’s insurance. They have a strong financial rating, with an A++ rating from A.M. Best. State Farm has a variety of coverage options, including liability, personal property, and loss-of-use coverage. They also offer discounts for security systems and multiple policies.

State Farm has a reputation for excellent customer service, with a 4.5/5 rating from J.D. Power’s 2020 U.S. Home Insurance Study. They also have a convenient mobile app for managing policies and claims.

2. Universal Property & Casualty Insurance

Universal Property & Casualty is a Florida-based insurer that specializes in homeowner insurance. They offer a variety of coverage options, including windstorm and flood insurance. Universal Property & Casualty has a financial rating of A-, indicating good financial stability. They also offer discounts for safety features and hurricane-resistant upgrades.

Universal Property & Casualty has a high customer satisfaction rating of 4.5/5 from J.D. Power’s 2020 U.S. Home Insurance Study. They also have a 24/7 claims hotline for quick and efficient claims processing.

3. Citizens Property Insurance

Citizens Property Insurance is a non-profit, government-backed insurer that provides coverage to Florida residents who cannot obtain homeowner insurance through traditional means. They offer a variety of coverage options, including personal property and liability coverage. Because they are a non-profit, their financial strength is not rated by A.M. Best.

Citizens Property Insurance has an average customer satisfaction rating of 3.5/5 from J.D. Power’s 2020 U.S. Home Insurance Study. However, they do offer affordable rates and coverage options for those who cannot get insurance elsewhere.

4. People’s Trust Insurance

People’s Trust Insurance is a Florida-based insurer that offers innovative coverage options, such as water damage coverage and claims-free rewards. They have a financial rating of B+ from A.M. Best. People’s Trust Insurance offers discounts for impact-resistant roofing and other hurricane-resistant upgrades.

People’s Trust Insurance has a strong customer satisfaction rating of 4/5 from J.D. Power’s 2020 U.S. Home Insurance Study. They also have a user-friendly online portal for managing policies and claims.

5. Security First Insurance

Security First Insurance is a Florida-based insurer that offers a variety of coverage options, including personal property and liability coverage. They have a financial rating of A- from A.M. Best. Security First Insurance offers discounts for security systems and hurricane-resistant upgrades.

Security First Insurance has a customer satisfaction rating of 4/5 from J.D. Power’s 2020 U.S. Home Insurance Study. They also have a user-friendly mobile app for managing policies and claims.

Factors to Consider When Choosing Homeowner Insurance in Florida

When choosing homeowner insurance in Florida, there are several important factors to consider. These include:

1. Coverage Options

Make sure to choose a homeowner insurance company that offers the coverage options you need. This may include liability, personal property, loss-of-use, windstorm, and flood coverage, depending on your location and needs.

2. Financial Strength

Choose a homeowner insurance company with a strong financial rating from a reputable rating agency, like A.M. Best. This will ensure that the company is financially stable and able to pay out claims in the event of a disaster.

3. Customer Service

Choose a homeowner insurance company with a strong reputation for customer service. Look for ratings from J.D. Power’s U.S. Home Insurance Study and browse online reviews to see what other customers have experienced.

4. Discounts

Many homeowner insurance companies in Florida offer discounts for security systems, impact-resistant roofing, and other hurricane-resistant upgrades. Make sure to ask about available discounts when shopping for insurance.

FAQ

What is covered by homeowner insurance in Florida?

Homeowner insurance in Florida typically covers damage to your home and personal property caused by natural disasters, theft, and accidents. Coverage may also include liability and loss-of-use coverage.

How much homeowner insurance do I need in Florida?

The amount of homeowner insurance you need in Florida depends on several factors, including the value of your home, the amount of personal property you own, and the level of liability coverage you desire. Consult with an insurance agent to determine your specific needs.

Are hurricanes covered by homeowner insurance in Florida?

Most homeowner insurance policies in Florida cover damage caused by hurricanes, but it’s always best to review your policy carefully to ensure you have adequate coverage.

What should I do if I need to file a homeowner insurance claim in Florida?

If you need to file a homeowner insurance claim in Florida, contact your insurance company as soon as possible. Take photos of any damage and keep receipts for any expenses related to repairs or replacements. Your insurance company will guide you through the claims process and provide any necessary forms or information.

Can I save money on homeowner insurance in Florida?

Yes, many homeowner insurance companies in Florida offer discounts for security systems, impact-resistant roofing, and other hurricane-resistant upgrades. Make sure to ask about available discounts when shopping for insurance.

Choosing homeowner insurance in Florida can be overwhelming, but with the right research and considerations, you can find the right company for your needs. Consider the coverage options, financial strength, customer service, and available discounts before making your decision.