What’s the Minimum Coverage Limit for Florida Homeowners Insurance?

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Unlike auto insurance, there is no legally stipulated minimum coverage for Florida homeowners insurance. You may not have any insurance at all and you would not be violating any law. This is not a wise choice obviously as you would be financially vulnerable should there be any damage to property or the contents in your home. You need FL homeowners insurance for various reasons and you must choose sufficient coverage.


The minimum coverage you need in a Florida homeowners insurance policy should include the value of your dwelling, other structures such as garage and shed, personal property or contents in the house, additional living expense or loss of use, personal liability and medical expenses. There are many types of coverage pertaining to your dwelling. You may choose coverage for the entire property including the value of the house and land, all attached and unattached structures. Attached structures are usually included in basic coverage but unattached structures are not. This will cost extra. Personal contents are not included in basic coverage. You must choose coverage for personal property in addition to the dwelling. Only integrated or built-in contents are covered in basic policies. Such contents include plumbing, electrical wiring, and installations that are integrated with the dwelling structure. Portable contents are not covered in the basic policy.


Liability, loss or use or additional living expense when your house needs to be repaired, medical expenses and other types of coverage are not included in basic policies. You must choose them separately and the cost of the policy will be affected proportionately. Florida homeowners insurance does cover many named perils but not flooding, hurricanes, earthquakes, damage caused by winds, wildfires and tornadoes among other perils. You would need separate coverage for flooding, tornadoes, and wildfires. You may opt for a more comprehensive coverage that would include flooding, hurricanes, tornadoes and other perils. Such coverage is not the minimum and the premiums are higher.


If you happen to own a condominium, the building would be insured by the insurance policy secured by the association and you would have to bear a proportionate cost. You may want additional homeowners insurance for your personal property or contents and liability. Tenants need not insure the properties. They can only go for home contents insurance. Landlords or property owners must insure the dwelling structures and other installations in the premises. Explore Florida homeowners insurance policies that offer substantial coverage. Do not settle for bare minimum coverage.



Categories: Homeowners Insurance

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