Homestead Homeowners Insurance

What Your Homestead Home Insurance Policy Needs

Located between the Everglades National Park and the Biscayne National Park, Homestead, FL is an agricultural city that is considered to be part of the Miami suburbs. It is home to the Homestead-Miami Speedway, which is used in the NASCAR Sprint Cup race, and a large number of parks and recreational facilities. If you are among the approximately 60,000 residents of this city and you own your home, you will want to be sure to protect your investment with a suitable Homestead home insurance policy.

Independent insurance agents in the Trusted Choice® network are available to help you find the best and most affordable home insurance policy to meet your coverage needs. These agents work with a number of reputable insurance providers and can gather a selection of customized Homestead homeowners insurance quotes that you can review and compare together. 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.

Florida residents pay higher-than-average rates for their home insurance coverage, largely because of their increased risk of sustaining property damage caused by hurricanes, tropical storms and tornadoes. You can refer to the figures above to get an idea of what your approximate rate might be, but your actual Homestead homeowners insurance quotes are based on a number of different factors including but not limited to the following:

  • The value of your home and the amount of coverage you wish to purchase
  • The age of your home and the building materials used in its construction
  • Type of residence you are insuring: primary residence, vacation home or second home
  • The ZIP code where your house is located
  • The amount of your deductible
  • Your claims history and credit score
  • Your bundling option, i.e., whether or not you are bundling your home policy with other policies, such as car or life insurance

Trusted Choice agents can help you obtain and compare quotes from a variety of reputable insurance companies. That way, you can be sure that you are paying a competitive price for your coverage.

Second Home and Vacation Home Insurance

Some people own more than one home. If you own a vacation home or you own a second home for the purpose of collecting rental income, you will have different insurance coverage needs for these properties. Your Trusted Choice agent can help you find the right policies to cover your extra homes and may even be able to save you money by bundling all of your home coverage policies under the same insurance company. Talk to your agent to learn more.

Number of Thefts in Florida

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

The burglary rate in Florida is lower than the national average; but, unfortunately, the crime rates in Homestead is very high. In 2013, residents of this city reported 958 burglaries, which equates to about 21.17 burglaries for every 1,000 households – more than three times the national rate of 6.11.

You can reduce your risk of a burglary by taking preventive steps, such as using motion sensor lights around the perimeter of your house, keeping entryways well-lit and unobstructed, making sure that all doors and windows have secure and working locks, and stopping mail delivery when you are way for a few days. Burglar alarm systems are effective theft deterrents, and installing one in your home can even earn you a discount on your Homestead home insurance policy.

If your house is burglarized, first make sure that you and your family are safe and then call the police. You need a copy of the police report when you file a claim with your homeowners insurance company. Your Trusted Choice agent can provide guidance throughout the claims process.

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 Homestead homeowners insurance policy provides you with coverage against many of the hazards you are likely to face. These typically include damage caused by property crimes and fires and weather events like severe storms and tornadoes. You need to be certain that you have sufficient coverage in place to enable you to rebuild and start over in the event of a total loss. Your Trusted Choice agent can advise you about insuring any particularly valuable property you may have, such as collectibles and heirlooms. You can also get help deciding whether purchasing actual cost or replacement value coverage is a better option for you.

What Are the Risks in Homestead, FL?

Homeowners in Homestead are at risk for property damage caused by severe storms. Sometimes, these storms spawn tornadoes, though tornado activity in this city is actually 52 percent lower than the national average. However, in 1973, an F2 twister touched down just 4.6 miles from the Homestead city center. It injured nine people and caused up to $5 million in property damage. Fortunately, your Homestead home insurance policy is likely to cover this sort of damage. Your Trusted Choice agent can confirm this for you.

A more significant threat in this city comes from floods, and this damage can be unbelievably expensive at times. Unfortunately, flood damage is specifically excluded from home insurance, so you need to supplement your Homestead homeowners insurance policy with flood insurance through the National Flood Insurance Program (NFIP). A Trusted Choice agent can show you how.

Compare Homestead Home Insurance Quotes

When it comes to purchasing a home insurance policy for your house in Homestead, you have several insurance providers from which you can choose. Comparison shopping enables you to get a great policy at an affordable rate, but many homeowners find it to be too time-consuming and frustrating to do on their own. This is why it is advantageous to work with an independent insurance agent in the Trusted Choice network.

Trusted Choice agents can recommend appropriate coverage amounts, identify and eliminate coverage gaps, and collect quotes from a variety of insurance providers to make it easy for you find a competitively priced policy that meets your coverage needs. Find a Trusted Choice agent with an office near you to learn more about Homestead homeowners insurance.

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