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Originally Posted by heartofthecountry
In my last post I mentioned that I might be opening pandora’s box when I asked for a VLS recommendation [thanks all for replying] well here we go again. . . . I know we have all been concerned about the insurance [car and home] crisis, not just in FL, but all over the country. As a person who is considering TV, I would like to hear from folks who recently have purchased and if the home insurance was difficult to obtain [on resale or new]? Hard to find a company? Was the premium shockingly high? Did it influence your decision to move to TV? We have only been looking at properties with new roofs, updated water heater and HVAC, believing that will help keep premium lower. I read an older post on the forum and some said their rates have gone up for the last few years, some drastically, some a little. Thoughts please. Thank you
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Saw and read most of the replys and a lot of good thoughts and 1st reply was the best as it described all of the questions about insurance. As a caveat IF there is a bad hurricane in the near future in Florida, all bets are off.
Have lived in Florida entire life. Central Florida's insurance cost(now) for a 300K house should be around 2K. Closer to the coast expect to pay at least 5K. On the coast you will probably need impact resistant glass or shutters to get that rate. This is not required in Cental Florida. Saw a lot of recommendations on State Farm. They will not insure our 25 year old home due to it's age. Even if had better construction(concrete) they still would not accept it. Would not be too concerned about the water heater. They only last around 10 years and new one will cost <1k. Roof will probably cost about $600 a square if it is required to be replaced.