Springfield, Florida Homeowners Insurance

How Much Does Home Insurance Cost in Springfield?

The average rate of home insurance in Florida is $1,951. This makes Florida one of the costliest states for homeowners’ insurance. In Springfield, homeowners can get a policy that covers both standard perils and hurricanes for as little as $875 yearly.

Your policy's price will depend on your home's age, size, construction, and exact location. Your property coverage and liability limits also impact the cost of your cover.

Comparing the cost of homeowner's insurance in Springfield, you see the prices vary widely between different carriers.

A newer home may be considerably more affordable to insure because new homes are built to meet stricter building codes to withstand hurricanes better. A new house twice the value is just $200 more a year to insure.

If your home has unique features – like a hurricane screen enclosure or swimming pool – talk to your Moran Insurance representative, and we can help you protect them.

Basics of Springfield Home Insurance

If you've ever seen your insurance policy's declarations page and wondered what it all means, you're not alone. Insurance has a reputation for being difficult, so let's keep it simple.

When buying homeowners insurance in Springfield, Florida, pay attention to the public on your declarations page:

Other structures coverage: This helps you fix or rebuild other structures on your property, such as your garage, shed, etc.
Replacement cost dwelling coverage: This is how much you have to restore your home to its pre-claim condition.
Private property coverage: This is the total value of your personal belongings, such as clothing, machines, electronics vinyl collection, etc.
Mainly, liability coverage: This is how much your provider will pay toward a claim that you damaged someone's property.
Lack of use coverage: This can help you pay for extra living expenses, like staying in a hotel while your house is under repair for a covered claim.
Medical fees coverage: This is how much your provider will cover for "favorable injuries" on your property – i.e., someone requires medical attention but isn't likely to sue you.

Of course, depending on your residence and your requirements, your policy may comprise additional coverages.

Covering Big Risks in Springfield, Florida

Springfield home insurance policies cover standard perils, such as theft, fire, and water destruction created by a pipe bursting. In Florida, we talk a lot about flooding and hurricanes, but crime in Springfield is high. Make sure you are included for natural disasters and that your personal property is sufficiently covered for theft.

Springfield Hurricane Insurance Coverage

While storms that move up the eastern coast can hit Springfield, its most prominent hazard is from storms like Hurricane Michael that move northeast from the Florida Panhandle. Though numerous winds that make landfall to the east or south generally die down before reaching Springfield, the region is still prone to storms.

Hurricane insurance pays for the damage created by the high winds of a hurricane. The winds can damage roofs or send tree branches and other debris through houses, causing thousands of dollars in losses. Our policies cover hurricane insurance, and homeowners can prefer a hurricane deductible of $500 or 2 percent, 5 percent, or 10 percent of the home's replacement cost. This is separate from your standard home insurance deductible.

Get a Free Quote for Your Springfield, FL Home

At Moran Financial Solutions, we know that what may work for one homeowner won’t necessarily work for the other. Get a free consultation with us today to understand our all-inclusive Springfield, insurance policies. One of our dedicated insurance agents will be happy to give you a complete home insurance evaluation and provide you a range of free quotes from top-rated insurance companies in the country.