Renters Insurance Florida

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The average estimated cost of a rental insurance policy in Florida was $128 a year in 2013. Renters insurance is less expensive than many people realize: average homeowners insurance is $1190 a year in Florida.

Comparing Renters and Owners Insurance in 2013 in Florida

The landlord's policy does not cover renter's damages like burglary. There were 153563 burglaries reported in Florida in 2012. So, to protect one from events like fire, burglary or other disasters renters insurance is required.

Renters Insurance Coverage Types:

Actual cash value policy:
The Actual cash value policy covers the depreciated value of loss. For example, a Laptop bought for $1110 might be worth only $560 in six months, and that is all one is going to get for it.

Replacement Coverage Policy in Florida:

Estimated Renters Insurance for Different House Types in Florida

House Type Median Rent Estimated Renters Insurance
Single Fam $1,650 $132
Condo $1,650 $132
Studio $1,000 $80
One Bed $1,050 $84
Two Bed $1,400 $112
Three Bed $1,600 $128
Four Bed $2,100 $168
Many Bed $3,000 $240

Deductibles in Florida:

In Florida, by choosing a $500 deductible over a $250 deductible, an average of $14.08 can be saved on the insurance premium.