Miami Beach Insurance

Your Complete Guide to Miami Beach, FL Hurricane Insurance

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Miami Beach Florida Hurricane Insurance

Miami Beach, FL, is located in Miami-Dade County, where there have been seven natural disasters caused by hurricanes. Protection is necessary when you live in Florida. Hurricane insurance can be obtained through several policies.

An independent insurance agent can help review your coverage at no cost. They work with multiple carriers so that you have options. Connect with a local expert for tailored quotes. 

What Is Hurricane Insurance?

Hurricanes are common in states near the coast. Florida experiences 40.40% of the hurricanes in the US. This means you should be prepared with adequate coverage.

  • Hurricane insurance: While there is no separate hurricane insurance policy per se, there is protection against the damage they cause. This will come in the form of your homeowners policy, flood policy, and more. 

What Does Hurricane Insurance Cover in Miami Beach, FL?

There won't be separate hurricane insurance in Miami Beach. Instead, coverage will be split among your other primary policies. Florida has adopted a once-annual hurricane deductible for multiple events. Some coverages that may apply are as follows:

  • Replacement or repair of personal or commercial belongings
  • Replacement or repair of personal or commercial property/structures
  • Replacement or repair of personal or commercial vehicles 

How Much Is Hurricane Insurance in Miami Beach, FL?

The cost of insurance is different for everyone. Carriers use various risk factors that will impact your rates. Several items affect your hurricane insurance premiums:

  • Your claims history
  • Your flood zone
  • The city you live in
  • Weather patterns
  • Property values

Your specific pricing can only be determined by obtaining quotes from a licensed professional. One way to save on coverage is by bundling your home and auto insurance with the same carrier. This can give you a savings of 30% or more. 

Does Homeowners Insurance Cover Hurricane Damage?

If you own a home in Miami Beach, FL, you are at risk for storm damage. No matter where you live, there is a chance that Mother Nature will intervene. The only way to be prepared is to have the right protection.

Fortunately, your homeowners insurance policy will have coverage for hurricane damage. If you have to replace or repair your home, other structures, or personal belongings, this policy will foot the bill. Some of your other policies will pick up portions of a claim as well. 

Does Flood Insurance Cover Hurricanes?

In Florida, 1,765 flood claims are reported annually. The average cost of flood insurance is $592 per year. Every property is at risk for flooding of some kind. Some are more susceptible than others.

Each location has an assigned flood zone. An elevation certificate and property survey will determine this. FEMA is in charge of regulating the flood insurance rates and mapping flood zones throughout the country. Hurricanes can cause flooding, and when this happens, you will need a flood policy to be protected.

How an Independent Insurance Agent Can Help

When you live in a coastal town like Miami Beach, FL, hurricane insurance is necessary. If you want to protect your assets in the best way, consider using a trained professional. There are many policy options that you might not know are needed. 

Fortunately, an independent insurance agent can help find coverage for an affordable price. They review your policies for free so that you save time and money. Connect with a local expert on TrustedChoice to get started.

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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