Florida’s home insurance market is very volatile, and as insurance companies continue to leave The Sunshine State, it’s becoming increasingly difficult for homeowners to find affordable insurance policies. Since the start of 2022, many insurance companies have announced that they either intend to scale back their offerings or leave Florida altogether. For example, companies like Weston Property & Casualty Insurance have gone insolvent, leaving their customers uninsured. But as few insurance companies remain in the state, home insurance rates continue to rise.

But why are insurance companies leaving Florida? Read on to learn more. And, if you are a Miami homeowner looking for new coverage, remember to reach out to our team at NSI Insurance to compare multiple quotes. As a locally owned independent insurance agency, we’re always here to help you find the best coverage for the best price.

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Homeowners insurance in Miami and other Florida cities is often more expensive than in other areas of the country. Due to the frequency of hurricanes, tropical storms, and other natural disasters, insurance carriers are taking on more risk by insuring Florida homes, resulting in higher premiums for homeowners.

While it can be difficult to get competitive coverage rates in Florida, there are steps homeowners can take to find affordable homeowners insurance policies. From comparing quotes from multiple carriers to bundling your insurance policies, there are many ways Miami homeowners can minimize their premiums. Here are nine helpful tips on finding affordable homeowners insurance in Miami.

9 Tips for Finding Affordable Homeowners Insurance in Miami

1. Compare quotes

One of the most effective ways to ensure you get the best possible homeowners insurance rate is to compare quotes from multiple carriers. When requesting quotes, remember to request quotes based on the same...

At NSI Insurance, one of the most commonly asked questions we hear is, “Why does my insurance company want to inspect my house?” There are a few reasons! After purchasing home insurance, your insurance company may require a home inspection to ensure your property meets its standards. During this time, they can assess the risk of providing you with coverage. If your home is in poor condition or hazards are present, the insurance company may choose to cancel your policy—unless you fix any noted issues within a reasonable amount of time. If you’re preparing for an inspection, here’s what you need to know.

Why Do Insurance Companies Require Home Inspections?

Insurance companies require inspections for liability and risk management. Inspections may be required if you are a new customer, if your home has a relatively old build date, or if the insurance company needs to determine your property’s value and replacement cost.

Home inspections can also be beneficial for homeowners and home buyers. During your inspection, potential hazards—unbeknownst to...

Hurricanes are an inevitable part of life in Florida, and one of the best ways homeowners can prepare for these natural disasters is by purchasing coverage for storm damage. Remember, although most homeowners insurance policies do include some form of hurricane coverage, you very likely may need to pay a separate hurricane deductible depending on your policy and your location. For that reason, a separate hurricane insurance policy can be a wise choice. Here’s what you need to know about hurricane insurance in Florida, including what it covers and how much it costs.

What Does Hurricane Insurance Cover in Florida?

Hurricane insurance covers damages from windstorms. Always review your home insurance policy to understand what is and is not covered by windstorm insurance. Generally speaking, home insurance will cover damages to your home’s primary structure, detached structures, and personal property that are caused by a hurricane. Your home insurance policy will also typically cover additional living expenses that you incur after being displaced by a...

With its subtropical, coastal location, amazing beaches, and sunny weather, Florida is one of the most desirable places to live in the United States. However, the Sunshine State’s biggest drawback is its vulnerability to hurricanes. As the recent Hurricane Nichole has shown us, Florida’s hurricane season can extend all the way into November, making it important for homeowners to understand what to do after going through a hurricane.

At NSI Insurance, we want to help ensure that Florida homeowners are prepared if a hurricane passes through their communities. Read on to learn more about what to do after a hurricane in Florida, and consider bookmarking this checklist for future reference.

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What to Do After a Hurricane in Florida

Living in Florida means living with the reality that hurricanes are a major risk for about half of the year. While this shouldn’t sway you from living in the Sunshine State, it makes it important for all Florida residents to understand...

Roof storm damage can include damaged or missing shingles, holes, dents, or other issues that can compromise the structural integrity of your home. Florida homes are very vulnerable to storm damage due to their coastal location. If a storm damages your roof, it’s important to act quickly to repair or replace your roof to prevent further damage to your home.

If it’s your first time dealing with something like this, it can feel a little overwhelming. But, by working with a trusted insurance provider like NSI, you can get the coverage and customer support you need to recover from such an event. Here’s what you should do if your roof is damaged by a storm.

Does Home Insurance Cover Roof Damage?

Homeowners insurance does cover roof damage provided that the damage is caused by a covered peril. A typical homeowners insurance policy will cover several common hazards, including:

● Storms

● Hail

● Lightning

● Fire

● Falling objects

If your...

Whether you’re a first-time homeowner or you recently moved to Florida, you’ll need homeowners insurance to protect your home against natural disasters like hurricanes, floods, and other hazards. Though, if you’re new to Florida, it’s important to understand how homeowners insurance here is different than in other states. From roof requirements to higher-than-expected premiums, new Florida homeowners may be caught off guard when searching for a policy in the Sunshine State.

To help you get started, read on for your complete guide to getting homeowners insurance in Florida. Afterward, if you’re ready to start exploring your options, contact our team at FIB Insurance for a free homeowner’s insurance quote.

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What Does Homeowners Insurance Cover?

Homeowners insurance includes several coverages that can help protect your property and personal belongings against hazards like theft, vandalism, hurricanes, and fires.

These coverages...

When it comes to homeowners insurance in Florida, you’re likely to feel frustrated. The truth is that it isn’t easy to find a policy. This is true for a couple of reasons. First, we know that homeowners are at high risk of hurricane and storm damage due to the state’s coastal location. As a result, premiums are often higher, and depending on their specific location, it may be difficult to find coverage. To make things even more difficult, Florida residents need to understand roof requirements for homeowners insurance. If your roof is too old or in poor condition, you may be denied coverage until you repair or replace your roof.

Luckily, FIB Insurance is here to help you stay covered! Read on to learn everything you need to know about roof requirements for homeowners insurance in Florida. Afterward, remember to explore your options by requesting a free quote for a new homeowners insurance policy with FIB Insurance.

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