Effective Coverage: Enlightening Sunshine State Residents On Florida Renters Insurance
Many people rent their homes in Florida, from the retirees in St. Petersburg to those who prefer the fast-paced lifestyle of Miami and Orlando, and everyone who rents needs Florida renters insurance. It doesn’t matter what stage of your life you’re in, or whether you have a little or a lot to protect – renters insurance is an important part of your lifestyle.
While the Florida insurance market has a reputation for being difficult to navigate, it doesn’t have to be. If you’re confused about wind coverage in Florida, or any of the other unique things that the Florida market brings to the table, Effective Coverage has made it easy to get the coverage you need in a hurry. With insurance experts ready to help you through the process, it’s easier and more affordable than ever to get renters insurance in Florida. We can even send instant proof of coverage to your landlord.
No matter where you live, there’s a policy for you. If you’re moving to Florida and looking for a new home, you should try one of our preferred properties. Progress Residential can help you rent a single-family home in Florida. People who are moving to the west coast of the state find luxurious amenities at Pierhouse at Channelside Apartments in Tampa. Boynton Beach offers Seabourn Cove, and Orlando offers upscale apartments like Sea Isle. Wherever you want to live in Florida, there’s a community that trusts and works with Effective Coverage to protect its residents.
Enjoy our Florida Renters Insurance Guide, and if you still have questions just call (800)892-4308. A friendly insurance expert will be there to answer your questions and help you get the coverage that you need at an affordable price.
Florida Renters Insurance Guide Table Of Contents
- I'm New To Florida, My Home Out Of State Hasn't Sold, Can I Use My Homeowners Policy For Now?
- Why Do I Need Florida Renters Insurance?
- What's The Deal With Wind Coverage On Florida Insurance?
- What Does My Florida Renters Insurance Cover?
- Where Do My Florida Premium Dollars Go?
- Can My Landlord Require Me To Buy Renters Insurance In Florida?
- How Much Does Renters Insurance Cost In Florida?
- Does Renters Insurance In Florida Cover Dog Liability?
- Bonus Section: Guide To Renting In Florida
I'm New To Florida, My Home Out Of State Hasn't Sold, Can I Use My Homeowners Policy For Now?
Many people move to Florida while still owning another home out-of-state. While your personal property and liability coverage travel with you when you travel, it’s different when you change your primary residence. Your homeowners policy may include a short period of overlap for coverage while you’re in the process of moving, but you’re only “in the process of moving” for a very short period of time. After that, you don’t have coverage at your Florida residence.
Each state has specific regulations as to what a policy must or must not cover, how claim settlement is handled, and more. Those regulations mean that you need a Florida renters insurance policy when you live in Florida. It’s that simple. While insuring the home you’re selling out-of-state is important, it doesn’t give you the protection you need for your new home and it doesn’t comply with landlord requirements.
There’s even a state-specific endorsement that’s generally made a part of your policy in addition to the unique policy form that’s filed with the state. Traditionally, insurance in America has been regulated at the state level rather than at the Federal level. This means that everything about your policy is specific to the state you live in, and that’s why it’s important to get the right policy for your needs – and for your state.
Effective Coverage insurance experts for renters are there to help you get the correct policy, and we can even help if you have multiple homes or spend part of the year in Florida and part of the year elsewhere. You can still get renters insurance in Florida for a secondary residence, or if you have other concerns. Just call (800)892-4308 to get the protection you deserve.
Why Do I Need Florida Renters Insurance?
There are three primary reasons to need Florida renters insurance, though the list of benefits is far longer.
First, your landlord likely requires that you maintain a policy as a condition of living there. Since it’s written into the lease, it’s enforceable just like any other lease provision.
Second, your personal property needs to be protected because the landlord’s insurance policy won’t do that.
Third, you need coverage for liability because lawsuits are common in Florida.
A Florida renters insurance policy is what’s called a “package policy.” It includes a number of different types of coverage which all work together to give you the comprehensive protection that you need. We’ve devoted an entire section below to answering what your policy covers.
What's The Deal With Wind Coverage On Florida Insurance?
No matter how far inland you may live, you still live in Florida. Wind coverage on Florida renters insurance may or may not be available as part of the policy depending on your location. Most policies will include wind coverage, except in coastal and other regions that are at high risk from windstorms. On one hand, since you rent, the building is not your problem and wind coverage is not a significant concern.
On the other hand, without wind coverage on Florida renters insurance, you won’t be able to make a claim for most personal property losses resulting from the storm. If the wind is the proximate cause of the loss, it may be excluded. If the loss is an opportunistic crime, there may still be coverage even if wind is excluded. If you evacuate for a hurricane and someone robs your home while you’re away, that theft loss may still be covered because the windstorm didn’t cause the loss.
Generally, wind coverage either is or is not available as part of your policy in a given area. If it’s not part of the policy and you’d like the coverage, there are other ways to secure it.
What Does My Florida Renters Insurance Cover?
Your policy is made up of a variety of different types of coverage, all of which work together. One common misconception is that coverage is limited to fire and theft. That’s quite far from the truth. There is a long list of things covered by renters insurance written into your policy. These named perils, as they’re called, are the things against which your personal property is protected. If your property is damaged or destroyed as a result of any of those covered perils, you have coverage.
That coverage for personal property comes at replacement cost. Your policy can pay the cost to replace property that suffers a covered loss in one of two ways. Either the insurer may issue a check for the replacement cost of your property, or the insurer may issue a check for the actual cash value of your property. Sometimes with replacement cost, you’ll start with a check for the ACV and then be reimbursed for the difference as you replace the property.Effective Coverage offers replacement cost policies because no one wants to receive the actual cash value of their five year old couch. You want the money you need to go buy a new one to replace it, and that’s the replacement cost coverage.
If you have a personal property loss, the cause of the loss may mean you can’t stay in your apartment for a short period of time. Your Florida renters insurance includes loss of use coverage as well. When there’s a covered loss, the policy pays the additional costs incurred because you have to stay somewhere else. Hotels in Florida are expensive, and after a fire you may already be in dire financial straits. This coverage for additional living expenses helps you to maintain your standard of living without it impacting your financial situation.
Liability coverage and medical payments to others are complementary. Med pay is useful in the limited scenario where a guest is injured in your home and there is no fault and only minor medical bills. It can prevent small injuries that are just part of life from becoming large liability claims. Liability coverage, on the other hand, is much more broad.
Your Florida renters insurance pays to defend you against claims that your negligence caused someone else to suffer bodily injury or property damage. That defense coverage applies whether the claim is true, false, or frivolous. The policy pays for your lawyer, but you are the client and the lawyer represents you. In the event that settling the claim is the best option, or you are proven to be liable, the policy also pays for the loss up to the policy limit.
Liability claims aren’t limited to a fire you start in your own apartment. Florida renters insurance travels with you. If you’re walking through a parking lot with your keys in hand and you scratch someone’s car with the keys accidentally, your liability can cover that property damage because it was caused by your negligence. Depending on the size of the loss, renters insurance in Florida also might cover that loss under Damage to Property of Others coverage. That’s a small no fault coverage that handles small losses more efficiently.
Where Do My Florida Premium Dollars Go?
You won’t see any hokey Effective Coverage TV commercials, because we don’t think your Florida renters insurance premium dollars should be spent on them. We believe it’s more important than ever to keep costs down while maintaining the coverage you need to protect your lifestyle. Instead of hiring actresses or lizards to promote the company, we hire insurance experts who are passionate about coverage.
That means you’ll get the best prices while also getting the coverage package that you deserve. It’s worth noting that a small, but unavoidable, part of your premium often goes to the state. Some pays for the overhead incurred by companies paying and processing claims. With Effective Coverage, you’re buying insurance and security rather than the trappings.
Can My Landlord Require Me To Buy Renters Insurance In Florida?
Can your landlord require you to buy Florida renters insurance? One of the most common objections arises from people who believe they’re insuring the building. Renters insurance doesn’t cover the building, it covers your liability and your personal property. The landlord insures the building, and you insure your liability so that if your negligence damages the building, the landlord’s insurance won’t sue you personally to recoup what they paid on that loss.
A lease is a contract between you and your landlord. Like any contract, it may contain nearly any provision that the parties to it feel is appropriate. Quiet hours can be enforced in a lease. Overnight guests, and even smoking, can be enforced in a lease. Your landlord requiring renters insurance in Florida is just another provision in the lease. Once you agree to it by signing, it’s binding.
It’s of the utmost importance to read every word of your lease before you sign it. The vast majority of landlords are honest and use standard lease forms that contain standard provisions designed to smooth the relationship between you and them. In reality though, you’re signing a binding contract which likely obligates you to pay tens of thousands of dollars over the term. Reading it is the only way to protect yourself, and the only way to know for sure if you’re actually required to have renters insurance.
How Much Does Renters Insurance Cost In Florida?
The national average price of renters insurance is $187.00 for the year, or about fifteen dollars a month. In Florida, prices vary depending on your geographic location and other factors. Depending on wind coverage and factors specific to you, you’re likely to pay right around the national average price. Tampa Renters Insurance will be a bit more because of the coastal risk, while Orlando Renters Insurance might cost a bit less due to location.
The best way to find out how much Florida renters insurance costs is to get a quote. That way you have an accurate number specific to you and your location. The good news is, that’s easy because Effective Coverage has streamlined the process. Your insurance expert can put together a policy for you in just minutes. You don’t have to call all over town, we do the comparison for you.
The one unifying point in Florida renters insurance pricing is that it’s almost invariably quite affordable. For just a few dollars a month, you and your family have the security of knowing that if something happens, you can recover from it. You won’t need to resort to savings, loans, or charity because you have an insurance policy to take care of that – even if you’re sued for negligently causing the loss. Renters insurance is the single most affordable way to protect your family from both property risk and legal risk.
Does Renters Insurance In Florida Cover Dog Liability?
Certain breeds of dogs are difficult to insure. That’s mostly the result of bad owners and poor training, not bad dogs, of course. But if your dog is not a high-risk breed, are you covered for dog liability on Florida renters insurance? What if your black lab jumps on someone and knocks them over, injuring them? Dog liability can arise from far more scenarios than just a bite.
These days, we’re seeing a strong trend towards excluding all animal liability on the standard policy forms, and then offering a limited carve-back for coverage. If you have a dog, you’ll need to disclose it and decide if you want to be covered for animal liability. Florida renters insurance can cover dog liability in many situations, but you have to make sure the coverage is on your policy.
Your insurance expert can offer specific guidance with regards to breeds and available coverage.
Liability For Damage To Rented Premises
When renting in Florida, you are responsible for damage that you do to the apartment or home. A fire resulting from your negligence could leave you on the hook for hundreds of thousands of dollars. Florida uses comparative negligence, which means that the plaintiff cannot recover the percentage of the loss for which they were at fault. In the case of an apartment fire caused by a tenant’s negligence, the landlord would not be considered at fault and would be able to seek full recovery against the tenant.
Costs Of Renting In Florida
There are nearly three million renters in Florida. The median rent statewide is $1,600 but that number isn’t as telling as you might think. Rents are higher in Miami, and often lower in cities like Orlando and Jacksonville. Some parts of the state also see seasonal rent spikes. If you’re looking to rent in Gainesville at the beginning of the semester, you’re likely to pay more. If you lock that same apartment in months in advance, while the previous tenant is still resident, you’ll probably pay less.
When renting in Florida, it’s common for the tenant to be responsible for all utilities. Air conditioning can drive up your electric bill, so make sure to factor that into your budget. Utility costs can be mitigated in newer construction apartments with energy-efficient windows, but these homes are often substantially more expensive to rent than one which was built just a few years ago.
If your vehicle is in Florida for more than 90 days in any 365, you need to register and insure it in Florida. Those 90 days need not be consecutive. This is something you should take care of promptly since your license plates and your insurance need to match your actual garaging address. While you’re setting up your Florida renters insurance, please feel free to ask your insurance expert about Florida auto insurance as well. The mandated coverage is quite different from that in most states and can be complex to navigate.
Finding An Apartment In Florida
These days, no one looks at the newspaper classifieds to find an apartment. Even the online versions of those newspaper classifieds are less than helpful. If you’re looking for a rental from a smaller landlord, Craigslist is often a good place to start. You can also look at apartment search sites, or just Google for apartments in your desired area. You may safely assume that you’ll be asked for credit and background checks at any professionally managed rental. The practices vary with smaller landlords.
In general, finding an apartment in Florida is not difficult. Be wary of seasonal changes in availability. That’s not just limited to areas near colleges, either. Florida has an influx of both permanent and temporary residents looking for housing at various times of the year. You’ll want to start your search well in advance. If you’re moving from somewhere else, you might have a bit more difficulty. It’s possible to find a Florida apartment remotely, but you’ll have to work harder at it.
As you’re getting your ducks in a row to move to Florida, finding housing and getting Florida renters insurance should be on the top of your list. Everything else can fall into place from there. To get covered, just call (800)892-4308 or click above!