Downtown Homeowners Insurance

Fort Lauderdale's compact, riverside Downtown has suddenly become the region's latest boomtown, bristling with construction cranes and jostling urban energy that looks to claim its star in the constellation of South Florida's urban renaissance.

The burst of Downtown development means thousands of apartments and condos just built, under construction or approved, and plans for the first new office tower in 15 years, not to mention a boom of new restaurants and bars. For years, a Downtown could boast only two hotels is now adding a clutch of brand-name hospitality offerings ranging from the luxe to affordable chic.

With nearly a quarter of a million residents, Downtown is a blooming neighborhood in Fort Lauderdale, Florida. It has a lot to offer its many residents, including three large tennis centers, several public swimming pools, and more than a dozen beautiful parks. Parents can choose among many public, charter, magnet, and private schools for their children, and Downtown, Fl, is home to Miami-Dade Community College-Downtown Campus, the College of Business and Technology Florida National University. If you are one of the many residents who have chosen to purchase a house in this vibrant place, you will want to protect your investment with a suitable Florida homeowners insurance policy.

Comparison shopping can help you find the best policy to meet your coverage and budgetary needs. Independent Insurance Agents in our network make shopping for affordable home coverage easy. These agents can obtain customized Downtown homeowner's insurance quotes from several highly-rated providers so that you can choose the right policy for yourself and your family. Find an agent near you to learn more.

National yearly premium average: $1,034
Florida yearly premium average: $1,103
14th most costly premium in the US.

On average, homeowners in Florida pay more for their home insurance coverage than most across the nation. Still, the figures listed above can only give you a general idea of your coverage rates. The only way to discover your actual cost for coverage is to request quotes from insurance companies. The insurers that you contact consider several factors when they calculate the value of your Downtown home insurance premiums. Several factors, including the following, can influence prices:

The age, value and estimated rebuilding cost of your house
The ZIP code in which your house is located
The use of the house you are insuring: primary residence, second home or vacation home
The building materials used in your home's construction
The amount of personal property coverage you wish to include in your policy
Your claims history and, sometimes, even your credit score
The amount of your deductible

To find a policy that offers you the best value for your money, you should compare at least three Downtown homeowner's insurance quotes before making a selection. Use our independent agent matching system to find the best insurance plan in your area. You tell us what you're looking for, and our experts will recommend the best agents for you. Any information you provide will be sent to only the agents you pick. We do not sell to third parties.

Number of Thefts in Florida

The national number of burglaries: 37,824
Florida Number of robberies: 3,326

Burglary rates in the state of Florida are lower than the national average, and in Downtown, the rate is lower.

Burglar alarm systems are strong theft deterrents, and having one installed in your home can even earn you a discount on your home coverage. In the unhappy event that your house is burglarized, you may take some comfort in knowing that your Downtown homeowner’s insurance policy provides you with compensation for your losses.

Be sure to make an inventory of your lost or damaged items and keep a copy of the police report because you will need both when you file your claim.

Second Home and Vacation Home Insurance

If you own a second home or a vacation home, you need to insure the property as well. However, your coverage needs are different from those of your primary residence, mainly if you rent to tenants or if the house sits empty and unattended for several months out of the year. Be sure to discuss your coverage needs with your agent, who can help you find suitable new housing policies. Your agent may be able to get you a discount by bundling your second home or vacation home coverage with your Downtown home insurance policy.

Number of Catastrophes in Florida

Number of disasters in Florida: 594
Number of Hurricanes in Florida: 23
One in fifteen insured homes has a claim each year.
Amount of property damage in Florida: $210,240,000

When disaster strikes, you will gain some peace of mind knowing that you have a reliable insurance company backing you up.

Florida experiences its fair share of annual hurricanes. Of course, you need to be sure that your Downtown home insurance includes a sufficient amount of structural and personal property (or contents) coverage so that you can afford to rebuild and start over in the event of a total loss.

Contents coverage covers everything you own in your house, from appliances to furniture to clothing. You may be surprised by the value of the belongings you have accumulated over the years. Your independent agent can help you decide on suitable coverage amounts and recommend special endorsements for high-value items like jewelry and fine art. Your agent can also help you decide whether purchasing actual value or replacement cost coverage is a better option.