Quote:
Originally Posted by MrLonzo
I just heard a news report that said the average cost of homeowners insurance in Florida is 3 times the national average, about $4500/year! I'm thinking of buying a place at the Villages and trying to get a handle on homeowners insurance premiums. Do you care to share how much you're paying? (and I assume it doesn't cover flooding by hurricanes?)
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Less than a quarter that amount, and that is including additional flood insurance and hurricane insurance. Of course, if your house costs over a million, your insurance will be higher. One thing to note is that you should get the Risk Mitigation inspection when your house is inspected. It checks for proper nail patterns and Hurricane tie-downs in the roof. Mine cost $95 for the inspection and cut about $500 a year off my insurance.