Homeowners Insurance in Parkland, FL

Experts detail where to find the right coverage, what kinds you need, and more in Parkland, FL.

Landscaped Florida home. Find Parkland, Florida home insurance.

The current property values in Parkland, Florida are more than double the state's overall average. Home or condo values in Parkland average more than $693,500. With more significant property costs comes a greater need to protect it with proper coverage.

An independent insurance agent in Parkland, FL can help your home get equipped with the right homeowners insurance policy. They'll get you set up with all the coverage you need. But for starters, here's a breakdown of home insurance in Parkland, FL.

What Is Homeowners Insurance?

Homeowners insurance is a policy intended to protect your home's building, contents, and inhabitants. Home insurance provides property coverage, liability coverage, and more. Common perils covered by home insurance include fire and wind damage, theft, vandalism, etc.

Home insurance is also meant to cover your liabilities if you get sued. Your policy can also cover family members and pets if they're listed. An independent insurance agent in Parkland, FL can help you find the right type of homeowners insurance for you.

What Does Homeowners Insurance Cover in Parkland, FL?

You might require more coverage, but standard homeowners insurance policies typically include the following:

  • Liability coverage: Protects you and other family members listed on the policy against third-party lawsuits for bodily injury or property damage claims.
  • Additional living expenses: Protects you from extra costs if you have to stay somewhere else while your home is undergoing extensive repairs. 
  • Dwelling coverage: Protects your home's structure against many perils like fire, lightning, and more.
  • Contents coverage: Protects your personal property like clothing, electronics, and more against many perils like theft, fire damage, etc.

An independent insurance agent in Parkland, FL can help you build a homeowners insurance policy that best meets your personal needs.

What's Not Covered by Homeowners Insurance in Parkland, FL?

Don't expect your homeowners insurance policy to cover just any disaster. Standard homeowners insurance will not cover:

  • Rodent, termite, and other pest infestations
  • Natural flooding damage
  • Earthquake damage
  • Malicious or intentional acts
  • Nuclear fallout or war damage
  • Routine maintenance

In Florida, it's especially relevant to consider adding a separate flood insurance policy to protect your home from water damage from natural sources like hurricanes. Also, note that home insurance won't pay for regular repairs to your property, which are considered the homeowner's responsibility. Further, you won't be protected against a lawsuit for an act you committed intentionally or maliciously against someone else.


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How Much Does Homeowners Insurance Cost in Parkland, FL?

The state of Florida as a whole ranks second-most expensive for homeowners insurance rates in the US. Home insurance in Parkland, FL averages $1,951 annually, while the US average is only $1,211. The higher property values in the city come with bigger price tags on property insurance.

The Most Common Home Disasters in Parkland, FL

Homes in any city are vulnerable to disasters, but certain areas see more of one type of disaster than another. In Parkland, the most common home disasters are:

  1. Wildfires and residential fires
  2. Hurricanes and tropical storms
  3. Severe storms and lightning damage
  4. Flooding and water damage
  5. Burglary and other property crimes

The good news is that homeowners insurance covers the majority of these disasters. Flooding from natural sources like storms will never be covered, though, so consider adding flood insurance if you haven't already. But your home insurance will often protect against fires, lightning, and water damage from many sources like burst plumbing and break-ins.

Cheap Homeowners Insurance Near Me

While you might want to find the cheapest homeowners insurance, it's relevant to consider whether you might be sacrificing quality for the price.

Why you might want to pay more for homeowners insurance:

  • More coverage can be helpful: Paying more for a policy with higher coverage limits can help you out if you need an expensive claim covered.
  • Lower deductibles can be helpful: Lower deductibles, though they can lead to higher monthly or annual premiums, can also help you out if you don't want to pay much out of pocket before the rest of a claim gets reimbursed.
  • Coverage that delivers is definitely helpful: When you buy a policy, you want it to do what it promises it will. Skimping on cost for a cheaper policy can sometimes, but not always, leave you with coverage that won't come through when you need it to.

When shopping for homeowners insurance options, take some time to check out existing customer reviews for the carrier first. Just because a company isn't a huge name doesn't mean they don't offer quality coverage and service. Likewise, just because a company is popular doesn't mean it keeps its customers happy. 

What Are the Best Homeowners Insurance Companies in Parkland, FL?

We've gone ahead and done some of the hard work for you by assembling a list of top, reputable home insurance companies in Parkland, FL.

Top Homeowners Insurance Companies in Parkland, FL Star Rating
5 star rating
5 star rating
4.5/5 star rating
Florida Peninsula

Why Work with an Independent Insurance Agent in Parkland, FL?

There's no such thing as a one-size-fits-all homeowners insurance policy. With a wide variety of products and options at your disposal, you can put together a solid home insurance package that's custom-built for you and your family.

Independent insurance agents can help you choose the right policies and options to meet your specific coverage needs. Because they're independent, these agents can work with several of the best homeowners insurance companies in Florida to find you the right coverage at a great price.

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TrustedChoice.com Article | Reviewed by Paul Martin

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