Naples, FL Homeowners Insurance

Experts break down home insurance costs, coverages, companies, and more.

Written by Meg Stefanac
Written by Meg Stefanac

Financial blogger and business owner, Meg Stefanac, has more than 15 years experience working in the financial services industry and enjoys helping individuals make solid financial decisions. Meg has extensive experience writing about insurance and finances and is a key contributor to


More than 22,000 people live in Naples, FL. With its white, sandy beaches, low crime rate, and championship golf courses, this is a great place to own a home. Of course, owning property along the Gulf Coast comes with some risks, so you will want to protect yourself with homeowners insurance.

Independent agents can help you find the best and most affordable policy for your Naples home. Talk to an independent insurance agent near you to get answers to your coverage-related questions and to start comparing customized quotes from some of the best homeowners insurance companies in Florida.

How Much Does Homeowners Insurance Cost in Naples, FL?

The average cost of homeowners insurance in the state of Florida is higher than the national average rate; and in Naples, it is even higher.

  • National average yearly premium: $1,211
  • Florida average yearly premium: $1,951
  • Naples average yearly premium: $2,805

An average can only give you a general idea of what you might actually pay, so your actual cost may be much higher or lower than this amount.

For instance, a mansion in the Port Royal neighborhood can cost $100,000 a year to insure, while covering a house in Naples' more affordable Sun Terrace neighborhood will cost considerably less.

When calculating your rates, insurance companies will take several of the following factors into consideration.

  • The age, size, value, and structure of your house
  • The type of home you are insuring (e.g., single-family detached house, condo, vacation house, rental investment, etc.)
  • The crime rate and weather risks where your house is located
  • Your claims history and credit score
  • Whether you are bundling your coverage with other policies like car insurance, RV insurance, or boat insurance

Every insurance company has its own method for computing rates. Comparing quotes from multiple providers lets you choose the policy that offers the coverage you want at the most affordable price.

What Kinds of Damaging Events Are Covered by Naples Home Insurance?

Your homeowners insurance is designed to compensate you for the cost of repairing or replacing your property if it lost or damaged by a covered event. You can expect a typical homeowners insurance policy to cover risks like:

  • Property crimes, including burglary and vandalism
  • Fires, including accidental fires, brush fires, and wild fires
  • Falling objects, including uprooted trees and hailstones
  • Severe weather, including tornadoes, thunderstorms, windstorms, tropical storms, and hurricanes (but not the flooding they may cause)

When purchasing your property coverage, you will want to make sure that your structural (dwelling) coverage is high enough to enable you to rebuild a house of comparable size, and that your personal property (contents) coverage is high enough to enable you to replace all your belongings.

If you own any particularly valuable property, such as fine art, collections, or a lot of high-value jewelry, you may need to purchase endorsements on your policy for these items to be fully covered.

What about Coverage against Floods in Naples?

As mentioned earlier, homeowners insurance does not cover flood damage, even if the flood was the direct result of a covered storm or hurricane.

Unfortunately, floods pose a significant risk of causing damage in this Gulf Coast city. A recent analysis revealed that nearly every home and business in Naples has a greater than 26% chance of sustaining significant flood damage over the next 30 years. Only 7% of the properties in this city are not at risk.

Flood damage can be extremely expensive for area homeowners. It may therefore be to your advantage to supplement your home insurance with a solid flood insurance policy.

Affordable policies are available through the National Flood Insurance Program (NFIP), a program administered by FEMA. Flood insurance takes 30 days to go into effect, so do not wait until a hurricane is making its way toward the Gulf of Mexico to purchase a policy.


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What Is Loss of Use Insurance?

The risk of tornado activity in the Naples area is lower than the state average. However, twisters do occasionally touch down here, particularly in the wake of hurricanes.

If a tornado, windstorm, or house fire impacts your house, it can cause serious damage to the structure of the home, leaving it unsafe for habitation until repairs are made. If this happens to you, the loss of use insurance included in your Naples homeowners insurance policy can help.

Loss of use insurance can cover a wide variety of costs associated with obtaining temporary shelter. It can pay for things like:

  • Accommodations in a hotel or short-term rental unit
  • A meal allowance, if you do not have access to a kitchen
  • Moving costs and temporary storage fees
  • Mileage reimbursement if you must drive further to get to work
  • Pet boarding costs, if necessary

Your coverage can continue until your house is brought back up to code and it is safe to return to it, or until you have purchased or built a different home to move into, which may be necessary in the event of a total loss.

Why Is Liability Insurance Important for Naples Homeowners?

Anyone can find themselves on the wrong end of a liability lawsuit. It just takes one small accident or one temporary lapse of judgment to lead to a large judgement against you. Fortunately, personal liability coverage is a standard part of every home insurance policy.

Homeowners liability insurance can shield you from large financial losses by covering expenses like court costs, legal fees, settlements, mediations, and judgements if you or someone in your household is unintentionally responsible for someone else’s injuries, property damage or other harm.

Examples of some of the things that your homeowners liability insurance can cover against include:

  • Injuries sustained by visitors on your property that can be attributed to negligence of upkeep on your part
  • Accidental injuries or property damage caused by you or a member of your household while away from home
  • Dog bites suffered by someone else if your pet gets loose
  • Accusations of libel or slander

Most insurance companies offer between $100,000 and $300,000 in homeowners liability coverage.

If you have a lot to lose, you will probably want to have more liability coverage than your home insurance company can offer. In this case, you could also purchase an umbrella insurance policy, which is an affordable way to boost all of your personal liability coverage.

Does Naples Homeowners Insurance Cover against Burglaries?

The burglary rate in Florida is lower than the national rate; and in Naples, the rate is even lower. Residents of this city report around 30 burglaries a year.

  • Number of burglaries per 1,000 people in the US: 3.76
  • Number of burglaries per 1,000 people in Florida: 3.38
  • Number of burglaries per 1,000 people in Naples: 1.30

Fortunately, if your house is targeted by burglars, your home insurance can reimburse you for your losses as well as for any damage the thieves may have done to your home. You will need to have a copy of the police report when you file your claim.

If your home is equipped with a burglar alarm, security system, cameras, or another theft-deterring device, your insurance company may offer you a discount on your homeowners premiums.

Why Work with an Independent Insurance Agent?

Independent agents can make it easy to find the best and most affordable coverage for your Naples, Florida home. These agents work for you, not for a specific insurance company, so they can request customized quotes from some of the best homeowners insurance companies in Florida.

Discover the many advantages of working with a local independent agent. Schedule an obligation-free consultation with an independent insurance agent near you today.

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