Hollywood Homeowners Insurance

What Your Hollywood Homeowners Insurance Policy Needs

Hollywood, FL is a Broward County city located within the Miami Metropolitan Area. The coastal city is made up of dozens of smaller neighborhoods and is home to approximately 150,000 people. With its beautiful beaches, lively nightlife, fine dining and entertainment, this tourist destination also has a lot to offer the locals who call it home. If you are among them and you own your house, you will want to be sure to protect your investment with a suitable Hollywood homeowners insurance policy.

Comparing rates from competing insurance companies can help you get your home coverage at an ideal price. Independent insurance agents in the Trusted Choice® network make comparison shopping for coverage easy by doing the rate inquiry legwork for you. These agents are able to obtain customized Hollywood home insurance quotes from a selection of highly rated providers so that you can find an affordable policy that meets both your coverage and budgetary needs. Find an agent near you to learn more.

  • National yearly premium average: $1,034
  • Florida yearly premium average: $1,103
  • 14th most expensive premium in the U.S.

In general, homeowners in Florida pay more for their home insurance coverage than most people across the nation. While the figures listed above can give you a rough estimate of what your costs for coverage might be, the only way to get your actual rates is to contact a few insurance companies and request them.

These companies take a number of factors into consideration when they calculate the price of your Hollywood home insurance. Your rates can be influenced by several things, including the following:

  • The ZIP code in which your house is located
  • The age of your house and the building materials used in its construction
  • The value of your house and the estimated cost to rebuild it
  • The amount of property coverage you wish to purchase
  • The amount of your deductible
  • The existence of a swimming pool on your property
  • The home's use: primary residence, second home or vacation home
  • Your eligibility for any policy discounts

In order to get your coverage at the best price, it is recommended that you compare at least three Hollywood homeowners insurance quotes before making a selection.

Second Home and Vacation Home Insurance

If you own a second home or a vacation home, you need to buy coverage for this property as well. However, your insurance needs for this extra property are probably very different from those of your primary residence. Vacation homes have their own weather-related risks to contend with, and properties that sit empty and unattended for long periods have greater risk of damage. Additionally, if you own a second home for the purpose of rental income, whether long-term for families or short-term for vacationers, you need a landlord insurance policy in order to have full coverage.

Be sure to discuss your extra properties with your Trusted Choice agent who can make appropriate policy recommendations and help you find affordable coverage. Your agent may even be able to get you a discount by bundling your coverage with the same insurer that provides your Hollywood homeowners insurance.

Number of Thefts in Florida

  • National number of burglaries: 37,814
  • Florida number of burglaries: 3,316

Burglary rates in the state of Florida are lower than the national average; unfortunately, the rate in Hollywood is rather high. In 2013, there was a total of 1,500 burglaries reported in this city. That is about 10.23 burglaries for every 1,000 households – significantly higher than the national rate of 6.11. This may be due, in part, to the high number of tourists in this area.

You can reduce your risk of loss due to burglary by taking proactive steps such as keeping your home securely locked and using lights on timers when you are away. Burglar alarm systems are very effective at reducing the risk of burglaries, and installing one may even qualify you for a discount on your Hollywood homeowners insurance. If you are the victim of a burglary, bear in mind that your Hollywood home insurance provides compensation for your losses. Your Trusted Choice Agent can help you ensure that you have the right coverage in place to protect all of your valuables.

Number of Catastrophes in Florida

  • Number of catastrophes in Florida: 594
  • Number of tornadoes in Florida: 23
  • Amount of property damage in Florida: $210,240,000
  • 1 in 15 insured homes has a claim each year

Your Hollywood home insurance policy provides you with compensation if your house or personal property is lost or damaged by a number of different potential hazards. These can range from severe weather events like hurricanes to accidental catastrophes such as fires. It is important that you purchase coverage in amounts that are sufficient to enable you to rebuild and start over in the event of a total loss. Your Trusted Choice agent can help you decide on appropriate coverage amounts and choose between actual-value and replacement-value coverage.

What Are the Risks in Hollywood, FL?

The biggest risk faced by homeowners in Hollywood is property damage caused by hurricanes. The storms, which form over the Atlantic Ocean, bring damaging winds and heavy rains that can loosen shingles, topple trees and wreak havoc on area property. On average, this city is affected by a hurricane once every 2.08 years, with a direct hit occurring once every 5.33 years. In 2005, Hurricane Wilma brought winds of 105 miles per hour to the area. In the city of Hollywood, 30 structures sustained heavy damage and 120 housing units were affected.

You will want to be certain that the home insurance policy you choose includes coverage against hurricanes. Some policies require that you to purchase this coverage as a special endorsement, while others might necessitate that you buy a supplemental policy. Your local Trusted Choice agent will be aware of the risks faced by homeowners in your area and will be able to recommend appropriate solutions.

Compare Hollywood Home Insurance Quotes

When you request rates and compare quotes from a few reputable insurance companies, you can be sure that the policy you select is one that offers the coverage you want at a rate you can afford. Unfortunately, many consumers find comparison shopping to be too time-consuming or inconvenient, and therefore skip this important step. That is why savvy homeowners in Hollywood turn to agents in the Trusted Choice network for help.

Independent agents are free to work with a variety of competing insurance companies. Agents can make rate inquiries on your behalf and then provide you with a selection of customized Hollywood homeowners insurance quotes that you can review and compare. Find a Trusted Choice agent with an office in or near Hollywood to get started.

Now, who's ready to get their insurance problems solved?