Naples, Florida Homeowners Insurance

Naples, Florida is prone to hurricanes and floods, which makes a homeowner's insurance a necessary acquisition.

Naples, Florida, is a great place to live and raise a family. Located on the western coast of the state, it has low crime, enjoyable outdoor activities, and remarkable restaurants. There is a lot to do in Naples, which makes the city a preferred holiday destination for celebrities like Nicole Kidman and Chef Emeril Lagasse.

Residents do pay the price for living in such a vast area. While Naples has a lower-than-average crime rate, it faces hurricanes, floods, and sinkholes each year. These risks make finding homeowner’s insurance in Florida challenging, with many major carriers hiking up rates or pulling out of the area.

Florida Homeowners Insurance’s costs differ widely by carriers and by the type of home. But with Moran Insurance, a smaller home with wind mitigation may cost as little as $846 to insure. The average cost of Naples, Florida homeowner’s insurance is $1,076 per annum.

Basics of Naples Homeowners Insurance

When purchasing homeowner’s insurance in Naples, Florida, you want a policy that comprises:

• Replacement cost residence coverage: The amount it costs to rebuild the structure of your household to its pre-claim condition.
• Personal property coverage: The total worth of personal belongings, including clothing, electronics, appliances, and home goods.
• Loss of use coverage: A provision that pays for you to stay in a guesthouse or rent a place while your home undergoes repairs during a covered claim.
• Individual liability coverage: Covers you for third-party claims against you, such as your dog biting a neighbor or your tree falling and damaging a neighbor’s property.

While these are the most significant coverages, they aren’t the only ones available. Talk to a Moran Insurance representative concerning your home to learn how much coverage you require and what endorsements might make sense for you.

What Does Homeowners Insurance in Naples, Florida Cover?

Moran Insurance’s standard home insurance for Naples offers all-perils coverage for the household. In other words, it covers a lot of losses, such as fire, theft, and water damage from burst pipes. It also comprises coverage for hurricane winds, but flood coverage must be added on.

Let’s take a look at some of Naples’ major risks and how insurance addresses them.

Naples Hurricane Coverage

Florida hurricanes such as Hurricane Irma left people who had no homeowner's insurance desolate.

Naples is a coastal community that lies on the Gulf of Mexico in Florida. When Hurricane Irma hit the region in 2017, Naples saw itself “lucky,” despite suffering significant flooding and structural damage.

Without hurricane insurance during Irma, folks were left without a household and no means to rebuild. Hurricane insurance particularly covers any wind-related damage to your household that happens during the extreme winds of the powerful storm. When you make a hurricane-related claim, your discrete hurricane deductible applies. This is usually a flat amount ($500) or a percentage of the home’s replacement cost (2 percent, 5 percent, or 10 percent).

Naples Flood Insurance

Naples lies in a high-risk area for flood damage. But according to the city of Naples, the city has taken measures to lower the effect of potential floods and is now rated a Class 5 city by FEMA. Though, even with preventative measures, a city can still flood. Even an inch of water can cost thousands of dollars of damage to your household.

An ordinary home insurance policy won’t cover flooding (even due to a hurricane). Because Naples is flanked by the western coast and many inlets to the east of the city, it is vulnerable to storm surge flooding. Flood insurance covers everything regarded as “rising water.”

So, while the burst pipe in your household is covered by homeowner’s insurance, the storm surge from Hurricane Irma was covered only for those who had flood insurance. The Moran Insurance flood endorsement is designed to cover events such as these.

Sinkhole Coverage in Naples

Naples is not a high-risk Florida community for sinkholes, but the whole state sits on limestone deposits. As limestone gets wet, it softens, leading to massive sinkholes throughout the country. If you are worried about sinkhole risks in your area, speak with a Moran Insurance representative about sinkhole and catastrophic ground collapse coverage. Our representatives have extensive experience in all insurance solutions.

Once your household is adequately insured, the best way to keep costs down is to have a positive claims history. The fewer your claims, the less expensive your insurance will be.

Our clients can attest to our reliability and professionalism. Get a tailored quote from Moran Insurance, and our representatives will look for every discount and help you understand what affects the price of your policy.

References and Resources

• Hurricanes In Florida