Oakland Park Homeowners Insurance

What Your Oakland Park, FL Homeowners Insurance Policy Needs

The city of Oakland Park, FL is located within the Miami-Fort Lauderdale-Pompano Beach Metropolitan area. It is a small city of about 41,000 residents, and it has a lot to offer those who live here, including a number of parks, golf courses, and community and recreation centers. The city itself is made up of several smaller and distinct neighborhoods, so it is easy to find a home in a community that provides everything you are looking for. If you are among the many proud homeowners in this vibrant and diverse city, you will want to be sure to protect your investment with a suitable Oakland Park home insurance policy.

When you are shopping for a great price for home coverage, you can count on one of the many independent insurance agents in the Trusted Choice® network for help. These local agents are able to gather Oakland Park homeowners insurance quotes from a variety of reputable insurance providers, thereby making it easy for you to compare rates and find the most affordable policy that meets your coverage 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, property owners in Florida pay higher-than-average rates for their home insurance coverage. Naturally, prices can vary significantly from one homeowner to the next, so the amounts listed can only give you an idea of how much you might expect to pay. When you request a quote for Oakland Park home insurance, each provider takes several factors into consideration. Your calculated costs can be based on variables such as these:

  • The age, value and estimated rebuilding cost of your house
  • The ZIP code in which your house is located
  • The type of home you are insuring (i.e., single-family dwelling, townhouse, condo, mobile home, manufactured home etc.)
  • Whether you are seeking to insure a primary residence, a vacation home or a second home
  • The amount of personal property coverage you wish to include in your policy
  • The presence of a swimming pool or other liability hazard on the property.
  • The presence of any designated “dangerous breed” dogs or exotic pets
  • The amount of your deductible
  • Your eligibility for policy discounts

The risk calculations can be complex and the methods are proprietary. Therefore, different insurance companies most likely quote different costs for your coverage. That is why it is a good idea to compare Oakland Park homeowners insurance quotes before selecting a policy.

Second Home and Vacation Home Insurance

If your property in Oakland Park is a vacation home or a second home, you may have additional insurance considerations to take into account.

For example, if it is a property that you lease to renters, you need to cover it with a specialized landlord insurance policy. Some people own Florida homes that they live in only during the cooler months, choosing to live in a less tropical location in the summers. If this is the case with you, your vacation home is likely to sit empty and unattended for several months of the year, and this has its own hazards. For example, a small water leak or a pest infestation is easily treatable if it is noticed early, but if several months pass before anything is done about it, it can turn into a much more expensive problem.

Be sure to discuss your second home or vacation home properties with your local Trusted Choice Agent, who can help in finding affordable policies that can meet all of your home policy needs.

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 in Oakland Park the rate is higher. In 2014, there were 362 burglaries reported in this city. That equates to about 8.28 burglaries for every 1,000 homes – significantly higher than the national rate of 6.11 at that time. You can take steps to reduce your risk of burglary by ensuring that all your doors and window have secure and working locks and that your entryways are well-lit and unobstructed by foliage. Burglar alarm systems are the best theft deterrents, and in many cases, installing one in your home can qualify you for a discount on your home insurance.

In the event that your house is broken into and your property is stolen or damaged, you may take some comfort in knowing that your Oakland Park homeowners insurance policy compensates you for your losses. Just be sure to keep a copy of the police report, as you will need it when you file your claim.

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

The tornado risk in Oakland Park is not very high. In fact, it is 26 percent lower than the national average. However, this does not mean that residents are immune from this threat. For example, in 1980 an F3 twister touched down 1.6 miles from the Oakland Park city center causing more than $5 million in damage.

Because disasters like tornadoes and house fires can lead to the total destruction of your house and the belonging kept inside it, it is important that you have adequate property coverage for both the structure of your home and the contents kept within it. Your Trusted Choice Agent can help you assess how much coverage is sufficient to enable you to rebuild and start over in the event of a total loss. In some cases, highly valuable property, like collectibles and jewelry, may require you to purchase an additional endorsement in order to be fully covered.

What Are the Risks in Oakland Park, FL?

Without a doubt, hurricanes pose the greatest threat of property damage for residents of Oakland Park. Hurricane season runs from June 1 through Nov. 30, and during that time, Oakland Park residents must be prepared to evacuate if a storm is threatening to make landfall nearby. On average, this city gets brushed or hit by a hurricane once every 2.25 years, with a direct hit occurring about once every 5.76 years. These storms typically bring winds of about 108 miles per hour and can be extremely destructive to area homes and property. Your local Trusted Choice Agent will be well aware of this risk and can ensure that the coverage you choose can properly protect you against this hazard.

Furthermore, almost 90 percent of the homes in this city are in a Special Flood Hazard Area (SFHA) and have a 26 percent chance of flooding at least once during a 30-year period. However, home insurance does not cover flood damage. The only way to get this coverage is by supplementing your Oakland Park homeowners insurance policy with flood insurance through the National Flood Insurance Program (NFIP). Your Trusted Choice Agent can help you get this coverage.

Compare Oakland Park Home Insurance Quotes

The only way to be certain that you are getting your Oakland Park homeowners insurance policy at a reasonable price is by taking the time to compare costs and offerings from a few competing insurance providers. Unfortunately, many homeowners do not want to be bothered with the time and hassle involved in comparison shopping, and therefore, avoid this important step. As a result, they frequently end up paying more than is necessary for their home coverage.

That is why it is beneficial to work with an independent insurance agent in the Trusted Choice network. These local agents can take the time to understand your specific coverage needs and can then contact a selection of highly rated insurance companies to make rate inquiries on your behalf. This makes it easy for you to review and compare a selection of customized Oakland Park home insurance quotes. With offices conveniently located in and near Oakland Park, it is easy to find a Trusted Choice Agent who can help you find the best policy.

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