Homeowners Insurance in Doral, Florida

Although Doral is one of the furthest cities west in the South Florida area,  it still faces its fair share of perils like hurricanes, flooding and even tornadoes that spawn during the city’s prolonged hurricane season.

All of those measures have a substantial impact on the cost of homeowners insurance in Doral. Let’s take a look at what residents can expect to pay for homeowners insurance, what affects those rates and much more.

Homeowners insurance in Doral costs about $4,687 annually. Florida is one of the costliest states for homeowners insurance in the country, and cities like Doral and the rest of South Florida are leading that charge.

Many factors influence the price of your premiums,  and the largest controllable factor is the insurance company you choose. South Florida premiums have been rising for years, and some companies have even opted out of the area due to its increasingly expensive claims. 

While those prices may seem exorbitant, Doral residents can breathe a bit easier because many of the homes inside the city limits were built after 2001 and, therefore, have successfully met wind mitigation criteria that decrease premiums drastically.

Homes in Florida that were built before 2001 didn’t have to meet the stricter building codes put in place in 2001. As such, they’re more susceptible to sustaining damage from heavy windstorms like hurricanes and tropical storms.

It’s hard to say what companies will be the cheapest in Doral, since many are exiting the South Florida market due to increased risk from hurricanes and the exponential costs associated with those claims. Citizens Insurance Corporation commonly has some of the lowest rates in Florida, but it operates differently than most carriers. 

Citizens was created and is administered by the Florida state government. It doesn’t seek profit, allowing it to be an option of last resort for residents who can’t find affordable coverage on the private market. 

However, Citizens is seeking a 14% rate hike for policyholders in 2024. While its premiums will still likely be lower than most companies due to the artificial subsidization from the state, their policies are stricter and the company is trying to offload policies back into the private, traditional insurance market, so the carrier isn’t ideal for everyone.

While there isn’t a comprehensive list as to which companies are no longer writing in Doral, the best way to find out is to get a quote from Clovered.

We partner with many of the aforementioned companies, plus many others in Doral, so we can provide the best coverage at the best rates in the city. Getting a quote only takes a few minutes — so what are you waiting for?

Your homeowners insurance in Doral covers many aspects of your property — including some things you probably had no idea about. One of the most underrated coverages is loss of use, also known as additional living expenses, which can reimburse you up to your policy’s maximum if your home is damaged or destroyed and you must move out while it’s being repaired or rebuilt.

Additionally, your policy has major and minor coverages designed to protect you, your family, your home and your financial wellbeing in the event of an unexpected covered peril. Those perils include things like water damage, burglaries, rains, house fires and, of course, all-too-common hurricanes and lesser common tornadoes. Let’s take a look at what’s covered.

One of the most important parts of home insurance in Doral is the hurricane coverage and the hurricane deductible that coincides with it. Unlike a typical home insurance deductible, which is usually from $500 to $2,000 per claim, a hurricane deductible is based on a percentage of your dwelling coverage.

That number can range from 1% to 10% of your dwelling coverage. So if you have a 3% hurricane deductible and $300,000 worth of dwelling coverage, you’d have to pay $9,000 toward a hurricane claim before your insurer would step in to pick up the remaining amount.

The easiest way to get the best home insurance in Doral is to get a free quote from Clovered. We specialize in Florida policies and partner with the state’s top insurers so you can get all the coverage you need at a price you can afford.

If you hit any snags or just want to talk to a real person, one of our many licensed agents is available to chat by phone Monday through Friday from 8:30 a.m. to 6 p.m. at 833-255-4117. Or you can drop us an email anytime at agent@clovered.com.