Florida Property Insurance: Understanding the Basics

Florida is known for its beautiful beaches, sunny weather, and lush green landscapes. However, the state is also prone to natural disasters such as hurricanes, floods, and sinkholes. As a property owner in Florida, it is important to secure your investment by having adequate property insurance. In this article, we will explore the basics of Florida property insurance, including the types of coverage available, common exclusions, and frequently asked questions.

Types of Florida Property Insurance Coverage

There are several types of property insurance coverage available in Florida. The most common types include:

Type of Coverage
Dwelling Coverage
Covers damages to your home’s structure, such as walls, roofs, and floors.
Personal Property Coverage
Covers damages to your personal belongings, such as furniture, appliances, and clothing.
Liability Coverage
Covers damages or injuries caused by you or your family members to others on your property.
Guest Medical Coverage
Covers medical expenses for guests who are injured on your property.
Additional Living Expenses Coverage
Covers additional living expenses if your home becomes uninhabitable due to a covered peril.

It is important to note that not all perils are covered under standard policies. For example, flood and sinkhole damages are typically excluded from standard policies and may require additional coverage.

Exclusions from Florida Property Insurance Coverage

As mentioned earlier, not all perils are covered under standard policies. Some common exclusions include:

  • Flood damages
  • Sinkhole damages
  • Mold and mildew damages
  • Earthquake damages
  • Nuclear accidents

It is important to read your policy carefully to understand the specific exclusions that apply to your coverage. If you live in a flood-prone area or an area with a high risk of sinkholes, you may need to purchase additional coverage to protect yourself.

FAQ about Florida Property Insurance

What is the difference between replacement cost and actual cash value?

Replacement cost coverage pays for the cost of replacing your damaged property with a new one of similar kind and quality, without deducting for depreciation. Actual cash value coverage, on the other hand, pays for the cost of replacing your damaged property minus the depreciation.

What is a deductible?

A deductible is the amount you pay out of pocket before your insurance policy kicks in. For example, if you have a $1,000 deductible and your damages are $5,000, you will pay $1,000 and your insurance company will pay the remaining $4,000.

How do I determine how much coverage I need?

You should choose coverage limits that are sufficient to replace your home and belongings if they are destroyed in a covered peril. It is recommended that you review your coverage limits annually to ensure they are still adequate.

Can my insurance company cancel my policy if I file a claim?

No, your insurance company cannot cancel your policy simply because you file a claim. However, your insurance company may choose not to renew your policy when it expires, or they may choose to raise your rates.

What should I do if my property is damaged?

If your property is damaged, you should take the following steps:

  1. Contact your insurance company as soon as possible to report the damages.
  2. Take photos or videos of the damages, if possible.
  3. Make temporary repairs to prevent further damages.
  4. Keep records of all expenses related to the damages, including receipts and invoices.


Florida property insurance is an essential investment for any property owner in the state. By understanding the basics of property insurance coverage, exclusions, and frequently asked questions, you can make informed decisions about the coverage you need to protect your investment. Be sure to read your policy carefully and work with an experienced insurance agent to ensure you have the coverage you need.