Miami is a sultry city with beautiful beaches and an exciting downtown scene. Both Miami visitors and locals enjoy an eclectic fusion of cultures that result in vibrant entertainment, dining, and art. Maybe you’re a lifelong Miami resident or a previous tourist who decided to stick around, either way you’ll want to be sure you have reliable homeowners insurance.
If you’re confused about how to go about getting a home insurance policy, then find an insurance agent near you. An independent agent can get you lots of different home insurance quotes from high-quality carriers. The best part is that an independent insurance agent won’t charge you any fees for their professional help.
Average Cost of Homeowners Insurance in Miami, FL
Florida residents generally pay a bit more for homeowners insurance than all other states. Yet Miami homeowners pay even more than other Floridians.
- National average yearly premium: $1,173
- Florida average yearly premium: $1,993
- Miami average yearly premium: $2,531
These average premiums can give you a good idea of what you might get charged. Keep in mind that insurance costs are unique to each home, owner, and location.
- Average Miami home value: $322,000
- Average Florida home value: $214,000
- Average US home value: $188,900
Your insurance agent will gather quite a bit of information about your residence. These details are what insurance carriers will use to calculate your property insurance pricing:
- Your credit score and claims history
- The home’s age and market value
- Your home’s ZIP code and county
- The materials used to build the home
- The home’s purpose: primary residence, rental property, or vacation home
- The policy deductibles selected
- Outbuildings like fences, garages, and swimming pools
- Home insurance discounts that can be applied to your premium
Independent insurance agents in Miami can help you figure out the best homeowners insurance policies from the most reputable carriers. You can be sure to get high-quality homeowners coverage that fits your budget.
Number of Property Crimes in Miami, FL
No matter where you live or what your crime rates are, it’s always in your best interest to buy a comprehensive homeowners insurance policy.
- National average burglary rate per 1,000 homes: 4.69
- Florida average burglary rate per 1,000 homes: 3.38
- Miami average burglary rate per 1,000 homes: 4.42
Every US town makes a great effort, among their leaders and citizens, to make their community safer. It’s always important to look out for yourself and your family by taking action. There are a few simple things you can do to keep thieves away:
- Keep your garage doors closed and locked.
- Leave lights on when you aren’t home, even if you need to use an automatic timer.
- Lock all your doors and windows before going to bed or leaving the house.
- Install deadbolts on all your outside doors for extra security.
- Be sure your sliding glass doors have all the best locks and security devices.
- Invest in a home security system that includes cameras and alarms.
- Before you go on vacation, make sure your mail won’t be piling up and your grass won't get overgrown.
Keep in mind that most insurance companies will give you a discount for having security alarms, cameras, and even fire extinguishers ready to go. Talk with your insurance agent about how you might be able to get a discount for home safety measures.
Number of Catastrophes in Miami, Florida
Miami is the county seat of Florida’s Miami Dade County. The region gets extreme seasonal weather conditions, specifically hurricanes. Overall, the number of catastrophic disasters is much higher than the national average (13).
- Number of major disaster declarations in Florida: 74
- Most common reasons for disasters in the state: Hurricanes
- Total amount of property losses paid in the US (2018): $1,354,075
Here’s a breakdown of Miami’s worst weather events.
- Hurricanes: 6
- Tropical Storms: 2
- Tornados: 1
Obviously, no matter where you live, it’s still a good idea to get an excellent property insurance plan. You’ll want to be prepared for the big financial losses associated with risks like severe weather, fires, and crimes. Having a solid insurance policy will help offset the financial setback and give you peace of mind. Contact an independent insurance agent today to talk about your home insurance policy needs so you don’t have to worry about it tomorrow.
Liability Insurance for Miami, FL
Liability claims are another potential “disaster” that you want to avoid. That’s why it’s a good idea to get personal liability coverage. A liability benefit will be part of your homeowners policy and will pay expenses like court costs, legal fees, and damage settlements.
Unfortunate accidents can happen anywhere and at any time. Here are a few examples of common liability matters that homeowners may face:
- Your children break the neighbor’s car window with a softball.
- Your dog escapes the yard and bites a delivery person.
- A friend is visiting your home and accidentally breaks an ankle.
- You accidentally run over your neighbor’s toe with the riding lawn mower.
Go over your policy’s liability limits to make sure your benefit is a good amount. Talk with an independent insurance agent to find out what they think. The agent may be able to increase your limits, or they might recommend you buy umbrella coverage. Umbrella insurance is simply an affordable way to add extra protection.
Get Miami Home Insurance Quotes
Comparison shopping is the best way to approach buying a great policy for the right price. Of course, that can take a lot of time and you may get frustrated during the process. To make your life easier, work with an independent insurance agent in your community. These agents know your area and understand your needs.
A local agent will be able to answer any questions you have, identify any risks you might face, and gather insurance quotes from a variety of reliable companies. The best part is you won’t have to pay the insurance agent for their assistance.
When you think about it, there’s really no good reason not to call an independent insurance agent today.
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