Orlando Homeowners Insurance

What Your Orlando, FL Homeowners Insurance Policy Needs

Orlando is the largest inland city in Florida. The city proper has a population of about 260,000, but the Orlando metropolitan area includes more than 2.4 million people. As home to Disney World, Sea World and Wonder Works, Orlando, FL is a popular tourist destination. Those who call Orlando home enjoy affordable housing, a low tax rate and a wide range of employment, dining, entertainment and cultural opportunities. If you are one of the many proud homeowners who call this Orange County city home, you will want to be sure to protect your investment with a reliable Orlando home insurance policy.

Comparing rates from competing insurance companies enables you to get your home coverage at a great price. Independent insurance agents in the Trusted Choice® network make comparison shopping easy by doing the rate inquiry legwork for you. These agents can collect customized Orlando homeowners insurance quotes from a selection of highly rated providers so that you can find an affordable policy that is suitable to meet both your coverage and your 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 the state of Florida pay more for their home insurance coverage than most people across the nation. Although the figures listed above can give you an approximation of what your cost for coverage will be, the only way to get your actual rate is to contact a few insurance companies and request a quote.

The companies you contact will take a number of factors into consideration when they calculate the price of your Orlando home insurance. Your rates are influenced by a number of different things, such as the following:

  • The ZIP code in which your house is located
  • The age of your home and the types of building materials that were used in its construction
  • The assessed value of your home
  • The amount of property coverage you wish to purchase
  • The amount of your deductible
  • The presence of a swimming pool on the property
  • The use of the home you are insuring: primary residence, second home or vacation home
  • Your qualification for any policy discounts

In order to find the best policy at an affordable rate, it is recommended that you compare at least three Orlando homeowners insurance quotes before you make a selection.

Second Home and Vacation Home Insurance

If you own additional properties, such as a second home or a vacation home, you need to cover them with their own home insurance policies. However, your costs for these other policies may be very different from the cost for your primary residence insurance because you are likely to have different coverage needs and considerations.

Vacation homes, for example, have their own weather-related risks, according to their locations. If your vacation home is left empty and unattended for several months out of the year, it may cost more to insure because that leads to increased risks. Second homes, on the other hand, are often used as income vehicles through the collection of rent. If you allow tenants to live in your extra properties, you need to have landlord coverage.

Your Trusted Choice Agent can make appropriate policy recommendations and help you find affordable coverage for all of your home properties. Your agent may even be able to save you money on all of your policies by bundling your coverage with the same insurer that provides your Orlando 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; but unfortunately, Orlando has one of the highest burglary rates in the country. In 2014, there was a total of 3,342 burglaries reported in this city. That is about 12.87 burglaries for every 1,000 households – more than double the national rate of 6.11. This may be due, in part, to the high number of tourists in this area.

You can lower your burglary risk by taking proactive steps, such as stopping mail delivery service and using lights on timers when you are away. Burglar alarm systems are highly effective theft deterrents; and installing one in your home may even qualify you for a discount on your Orlando homeowners insurance.

In the unfortunate event that you are the victim of a burglary, your Orlando home insurance company compensates you for your lost or damaged property. Your Trusted Choice Agent can help you make certain that you have the right coverage in place to protect all of your valuables so that if misfortune strikes, you can get the coverage you are entitled to.

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 risk of tornado activity in Orlando is 50 percent greater than the national average. In 1998, for example, an F3 twister touched down just 8.1 miles from the Orlando city center causing approximately $15 million in damage. Disasters, like tornadoes, wildfires and accidental house fires, can lead to a total loss, so it is important that your Orlando homeowners insurance policy include a sufficient amount of contents coverage.

Your Trusted Choice Agent can help you determine whether you need more coverage or special endorsements for your particularly valuable belongings or whether actual value or replacement cost coverage is a better option for you.

What Are the Risks in Orlando, FL?

In addition to its high crime rate and tornado risk, Orlando has a significant risk of hurricane and tropical storm damage. The biggest hurricane to affect residents in this city was Hurricane Diana in 1984. The heavy winds and rains that these storms bring can damage roofs and siding and can topple trees onto property. In some cases, home insurance companies require policy holders to purchase a hurricane insurance endorsement in order to be covered against these storms.

Hurricanes can also cause widespread flooding, but home insurance – even a policy supplemented with hurricane insurance – does not cover flood damage. For this, you need to supplement your Orlando home insurance coverage with a flood insurance policy through the National Flood Insurance Program (NFIP). Your Trusted Choice Agent can help you get this coverage.

Compare Orlando Home Insurance Quotes

When you request rates and compare quotes from a variety of reputable insurance companies, you can be sure that the policy you ultimately select is one that best offers the coverage you want at a price you can afford. Unfortunately, many consumers find comparison shopping to be too inconvenient and time-consuming, and they skip this important step. Savvy homeowners in Orlando, on the other hand, turn to agents in the Trusted Choice network for help.

Independent agents are free to work with a number of competing insurance companies. They can make rate inquiries on your behalf and then provide you with a selection of customized Orlando homeowners insurance quotes that you can review and compare together. Find a local Trusted Choice Agent with an office in the Orlando metropolitan area to get started.

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