Is homeowners insurance required by law in Florida?

Many questions arise when it comes time to shop for Florida homeowners insurance. In fact, this process can be quite confusing and you will definitely have questions that need to be answered. One of the main questions asked is: ” Is homeowners insurance required by law in Florida?”. Let’s find out the answer to this now!

Is it really required?

Florida homeowners insurance found here is generally required by lenders in the private sector.  After all, if you borrow from them to help buy your home, your investment is now theirs as well. They’re definitely going to want some kind of assurance that their investment will be protected in case of a disaster.

In fact here in Florida, if you fail to acquire proper FL homeowners insurance, it will be purchased for you. Failure to purchase coverage allows your lender to provide you coverage, this is known as a forced placed policy. You will be charged for this policy in addition to your loan premiums.

Payments for a forced loan policy are usually more expensive. In any event, it’s recommended that you carry a policy to protect your property investment. That way you aren’t trapped in a forced loan policy.

Are private options cheaper? 

If you cannot find Florida homeowners insurance on your own, never fear! Lending companies generally provide or direct you to their own versions of it.  However, these options are generally far more expensive, meaning that if you want to save money, your best option is likely to find your own. Usually, a Florida homeowners policy independent of your lender is your better option.

You can still ask your lender for advice when it comes time to choose. However, in terms of actually selecting a form of homeowners insurance, you are more than likely better off from a financial perspective making the final decision yourself. It’s the only way to find coverage that fits your budget.

Different levels of coverage

Not all coverage packages are created equal when it comes to Florida homeowners insurance from  There are different levels of coverage, covering a wide variety of potential perils.  Some are more basic, and included in most basic plans, while others are more specific.

It is up to you to determine which level of coverage is best for you and your FL home. Carefully consider each of your options. Always remember that it is best to have more than enough coverage instead of not enough.

Online Quotes are essential

Finally, when searching for the best deal on Florida homeowners insurance, you can generally search for and find online quotes to help you compare rates and see which provider gives you the best deal. Always collect more than 3 quotes. Doing so will be able to enable you to save some cash.

Is RV insurance required in Florida?

If you own a recreational vehicle in the state of Florida you will need to understand how to properly cover it. There are tons of FL residents who own their own recreational vehicle. May it be for retirement, vacationing, or even recreational use. In order to register your RV, you will need to at least carry the minimum amount of Florida RV insurance. Luckily, many companies can provide you this coverage easily. However, you will want to shop around first.

How much coverage is required?

The state of Florida requires RV owners to purchase at least a minimum of $10,000 PIP and a minimum of $10,000 of property damage liability. First let’s discuss personal injury protection, also known as PIP. PIP kicks in to cover you in the event of an accident no matter who is at fault. PIP will pay out for:

• 80% of medical expenses

• 60% of lost wages

• Up to $5,000 death benefit

Property Damage Liability will be able to pay for damages to property owned by others. These damages are accidently caused by you or whoever is driving you RV at the time of the accident. For example, damages to fences, utility poles, buildings, and etc.

Additional FL RV coverage

Florida RV insurance according to offers many types of coverages. Always be sure to familiarize yourself with each one. Keep reading below to review each of these coverages.

• Medical payments coverage, which will pay for any medical expenses.

• Uninsured motorist coverage is used if you are injured by someone who doesn’t carry any insurance. It can pay for lost wages and a death benefit up to a certain limit.

• Comprehensive coverage will pay for any damages that occur to your RV that is due from non-accident damages. For instance, theft, vandalism, and striking an animal is covered.

• Collision coverage will pay for any damages occurred by a collision.

Sometimes you may find it necessary to purchase additional coverage. This is very smart, especially if you find gaps in your coverage. Just remember, its better to have more than enough coverage than not enough. Not having enough coverage can easily financially drain you. Do you want to spend your hard earned money on a RV then come to find out after an accident that you have to pay thousands out of pocket? That every RV’ers worst nightmare!Florida RV insurance from is a must-have. If you are going to be packing up the family and heading out on the road, you will want to be covered with insurance. There are plenty of ways to shop online for a policy. In fact, you can save money by doing so. If you are looking for RV insurance in Florida be sure to collect a few quotes. It’s the only way to receive a policy that fits your budget.

Cheap auto insurance in Florida

How to get cheap auto insurance in Florida

You’re looking for a couple of ways to get the cheap auto insurance in Florida that you deserve (and the cheap auto insurance in Florida that you can afford) without completely compromising your level of protection or coverage, you’ll want to pay close attention to all of the insider information below so when you visit a website like you will be ready.

Contrary to popular belief, you can still get very affordable insurance policies from Florida automobile insurance agents and services – but you need to be pretty smart and savvy about bringing the price down to something more manageable and attractive on a monthly basis.

Here’s how to do exactly that!

Crank up your deductibles

One of the easiest ways to eliminate a lot of the extra money that you’ll pay on a month-to-month basis with your automobile insurance policy is to crank up your deductibles just as high as they will go.

The reason that people don’t do this as often as they could is because there is a bit of a trade-off in doing so. After all, you’re basically leveraging long-term security for a short-term fix – and in the event of an accident you’ll be on the hook for a significant portion of money before your cheap auto insurance in Florida policy from will kick in.

But if you have a pretty spotless driving record and aren’t all that concerned with getting into accidents at any point in time (no matter how unpredictable they are), pushing that deductible up is going to drop your monthly premiums through the floor.

Shop around for the lowest priced policies

Secondly, you’re going to want to do absolutely everything you can to shop around and play one insurance agency off of another to get the lowest possible prices available. When you’re smart about doing your research and due diligence in looking for cheap auto insurance in the state of Florida you’re going to discover that companies are willing to “play ball” when it comes to negotiating, and if you mentioned that you are shopping around (and are upfront and honest about it) they will almost always give you discounts that you never would have been able to unlock otherwise.

Now, you need to be pretty smart and savvy about how you go about the negotiation phase to make sure that you’re not eliminating critical amounts of coverage that could put you in some sticky situations – but with just a bit of research you should be able to avoid those headaches completely.

Purchase your vehicle outright so that you can eliminate comprehensive coverage

Lastly (and it may or may not be completely applicable to your particular situation), you might want to consider purchasing your vehicle outright so that you can eliminate comprehensive coverage or at least delete some of the more expensive features of that “total package”.

When you take a loan out for a vehicle the law dictates that you carry comprehensive coverage, but when you are the sole owner of the vehicle you’re able to decide just how much insurance you want to carry at any given time. This can drop your insurance rates more than almost anything else, and get you the cheap auto insurance in Florida from you’ve been searching for!