Costs & PMI
Why is homeowners insurance so expensive in Florida?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Florida insurance is high because of hurricane risk, costly past claims, roof-age rules, and litigation that drove some insurers out, reducing competition. Coastal and older homes pay the most.
You can lower it with a newer roof, wind-mitigation features, a higher deductible, and shopping multiple carriers. We factor a realistic insurance quote into your qualification so the payment isn't a surprise.
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