Best Renters Insurance Florida
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Location is the #1 factor in determining the cost of your renter’s insurance.
So it makes a lot of sense for you to search Best Renters Insurance Florida if you need a policy.
However, a Florida Renters Insurance search can take a lot of time and leave you frustrated with unanswered questions.
But, it doesn’t have to be that way.
Finding cheap FL Renters Insurance can be a simple process that can be completed online today in just a few minutes.
We’ll review everything you need to know about the cost and coverage's and where to get the best Renters Insurance in Florida online.
Update: 2021 Florida Renters Insurance Review
While Florida doesn’t require renters insurance on a statewide level, because 13% of people in the state are renting their homes, most landlords can and do require it. Florida has many options from trusted companies in terms of coverage. In fact, it has the best variety available in any state.
Most renter’s insurance will cover fire, theft, vandalism, and accidents or personal injury. However, in Florida, renters insurance usually won’t cover personal property damage. The average cost of renters insurance in Florida is about $16 per month, although this may go down significantly in areas with low property values.
What Factors Determine A Florida Renters Insurance Rate?
With Florida specifically, location is a huge determining factor in your renter’s insurance rate. If you’re choosing to rent in an area with high property values, such as Miami, you’re going to pay more for insurance. In contrast, areas with a lower property value, such as certain parts of Tampa, will be much more affordable.
Credit score also plays a big part in renter’s insurance rate. Having a high credit score, over 700 and ideally near 800, means that Florida insurance companies can be relatively sure that you’re going to pay them what you owe on time, every time.
Can A Landlord In Florida Require Renters Insurance?
It doesn’t matter if you live in Jacksonville, Miami, or Tampa, landlords can be a pain.
A question we are often asked by soon to be tenants, is, ‘Can a landlord in Florida require renters insurance?’
The simple answer is Yes.
If FL renters insurance is included as a requirement in your lease, you must comply with those terms and buy rental coverage.
This isn’t necessarily a FL thing because the answer to, ‘Is renters insurance required in Florida?’ It is the exact opposite.
No, Florida does not require renters insurance, but with 13% of people in Florida renting, it makes a lot of sense to protect your self and your stuff.
A good place to start would be by determining What Is Renters Insurance And Why Do I Need It.
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Location is the biggest factor in determining the cost of your renters insurance. You can save money by getting a quote from an insurance company near you.
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What Is The Best Renters Insurance In Florida?
It is estimated that the State of Florida has over 2,798,130 renters, and every one of them should be looking for the best renters insurance in FL.
FL has the best renters insurance options offered by multiple, well known, and respected insurance companies.
It doesn’t matter if you are in Jacksonville or Miami to get the best FL renters insurance you will want to get the right coverage.
Several factors go into finding the best renters insurance in Florida that will affect your policy.
Your past insurance history, desired coverage amounts, the location of the rental, and this one may come as a bit of a surprise, but your credit score may also be considered.
You can learn more about the process in our article, How To Get Renters Insurance.
Which Companies Offer Renters Insurance In Florida?
Best Renters Insurance Company Reviews
What Does Renters Insurance Cover In Florida
Many FL residents in Orlando and Hialeah mistakenly believe that their Landlord’s insurance protects their personal items.
This is not the case and is the reason you need to know, ‘What does renters insurance cover in Florida.’
FL Renters Insurance covers personal loss due to fire, theft, or vandalism.
A Florida Renters Insurance policy will also cover your liability if a guest is injured on-premises or you damage the Landlord’s property.
A Renters Insurance Florida policy does not cover your personal possessions that may break by accident or normal wear or tear.
Get a much more complete answer to in our article, What Does Renters Insurance Cover.
Coverage Type | What It Should Cover... |
|---|---|
Personal Property | This coverage is for your personal stuff, clothes, electronics, furniture, etc. Should cover up to policy limits. |
Liability | This will cover you if you accidentally damage your Landlords property or a guest is injured and it is your fault. |
Additional Living Expenses | If your place is damaged so bad you can't stay, you will be reimbursed for things like hotel bills. |
Recommended Amount Of Renters Insurance In Florida?
It is difficult to recommend the amount of Florida renters insurance you may need.
This is because the factors that go into deciding on your coverage amounts are particular to each individual.
Location plays a significant factor in the recommended amount of renters insurance in Florida.
This is because if you live in Jacksonville, Miami, or Tampa, you may need more or less based on the value of the property you are renting.
The bottom line is you should probably buy as much insurance as you can comfortably afford based on the value of your personal possessions.
We get a lot more in-depth in helping you make this decision in our article How Much Renters Insurance Do I Need.
How Much Is Renters Insurance In Florida
The cost of renters insurance in FL depends primarily on your coverage's and the location of your rental.
Answering the question of, ‘How much is renters insurance in Florida’ would be difficult without knowing your personal situation and preferences.
However, renters insurance Florida costs on an average annual basis of $188.00.
The average cost of renters insurance in Florida monthly is $15.67, which is very affordable.
Keep in mind to determine how much is renters insurance in FL your rental location could make these average costs much higher or lower.
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Cheapest Renters Insurance FL
It would help if you didn’t live in places like Jacksonville, Miami, and Hialeah to get the cheapest renters insurance in Florida.
Location plays a huge role if you want to get cheap renters insurance FL.
That means places like Tampa and Orlando may be cheaper because the property values should be less.
Two other factors will help you get the cheap renter’s insurance Florida, which includes your insurance claim history and your credit score.
If you are living in a relatively cheap property with no rental claims and a good credit score, expect the cheapest renters insurance in FL.