Homeowners Insurance in Naples, Florida

Located in South Florida on the Gulf of Mexico, the peaceful but bustling town of Naples has a reputation for having some of the best beaches and scenery in the Sunshine State. With ocean-accessible waters starting from the southern tip of the town at Keewaydin Island and making its way well north of downtown, it’s easy to see why so many people call Naples, Florida home.

The city’s 10 golf courses on the northeast side further cements Naples’ place in the Florida sun. But, during hurricane season and other parts of the year, that sun can be hampered by strong winds and heavy rains, each carrying the possibility of significantly impacting residents’ homes.

That’s why every resident needs homeowners insurance in Naples to protect their house, personal belongings and so much more. Let’s take a deeper look into the premium prices you may pay in Naples and what’s covered with a home insurance policy.

Florida and its coastal cities have among the highest homeowners insurance premiums in the nation, and home insurance in Naples is no exception. On average, Naples home insurance costs about $3,391 annually, or about 16% higher than the average rate in Florida of about $2,924 annually.

That’s a decent amount more than Florida’s average cost. One of the main reasons for the high cost of home insurance is the city’s location within one of the most hurricane-prone areas in Florida and its proximity to the Gulf of Mexico.

While those numbers may seem a bit high compared to the state’s average, they’re heavily impacted by homes built before 2001 that haven’t had a proper wind mitigation inspection. Getting a wind mitigation inspection significantly reduces the cost of homeowners insurance.

Let’s go over the factors insurers consider when it comes to wind mitigation on homes in Naples.

If your Naples home was built from 2001 to the present, you’ll likely pay much less than the city’s average because stricter building codes were put in place that allow homes to withstand hurricane winds more easily. Also, if your home was built before 2001, but you’ve taken all the necessary steps to protect it from hurricanes and heavy winds, you’ll also pay significantly less than the city’s average.

To qualify for reduced rates for wind mitigation, all you need to do is update your home with storm shutters, impact-resistant windows and doors, and maybe add a hip roof if you can. All of those additions can save you a ton of money, but even one or two additions can save you some money.

The best home insurance companies in Naples for cheap premiums are State Farm, Tower Hill, and Safeco. The next runner-up is Citizens.

But, even though those companies may be the best for average premium prices, there’s a lot more that goes into figuring those costs than the value of your home. Things like deductibles, insurance score, your home’s age and construction type, your claims history, coverage amounts and your home’s location and crime in the area are all leading factors that contribute to the cost of your homeowners insurance.

Citizens Property Insurance is one of the cheapest options for homeowners insurance in Naples, but it may not be your best option. Citizens is a state-run insurer that was designed as a last-resort option for those homeowners in Florida who couldn’t find affordable premiums — or an insurer to protect their home.

Due to the number of hurricane-related claims in the state, and many other weather factors that lead to damages, Citizens was created to help close the gap. But certain homeowners aren’t eligible for coverage from Citizens due to their home’s value. And others who are eligible may find they may not get enough coverage to protect their home.

While the primary reason for getting Naples home insurance is to protect your house from perils — such as fires, burglary, hurricanes and torrential rains — Naples homeowners insurance covers much more than just the structure of your home. Let’s take a look at the different coverages you’ll receive with a policy from Clovered.

Fortunately and unfortunately, there’s no such thing as hurricane insurance. Your Naples home insurance policy protects you from hurricane damage, but you’ll have to pay a separate hurricane deductible if you sustain damage. Hurricane deductibles work as a percentage of your dwelling coverage instead of an outright number.

So if you have $300,000 in dwelling coverage and a 2% hurricane deductible, you’ll need to pay $6,000 toward a hurricane claim before your insurer steps in to pick up the rest — up to your policy’s maximum, of course.

The good thing is that you only have to pay your hurricane deductible once a year. So if your home is damaged by two hurricanes in a busy season, the second set of damage would only require your regular deductible.

Due to its location on the Gulf of Mexico and Naples Bay, which runs through the city, it’s no surprise that Naples sees its fair share of flooding. Unfortunately, homeowners insurance doesn’t cover flooding. You’ll need a separate flood insurance policy to protect your home and personal belongings.

Naples flood insurance covers your home’s structure, your personal belongings and additional living expenses if a flood, such as a storm surge or overflowing body of water, damages your home or your property.

Getting a homeowners insurance quote in Naples, Florida is easy as ever and only takes a few minutes with our online quoting tool. As an insurance agency, Clovered partners with the top insurance companies in Naples, Florida so that we can shop the market for you and find a policy that fits your needs and your budget.

All you need to do is answer a few questions about your house and we’ll do the rest! If technology isn’t your thing, we completely understand. That’s why we have a team of licensed, in-house agents ready to help with anything you need.

Just call 833-255-4117 Monday through Friday from 8:30 a.m. to 6 p.m. or email us anytime at agent@clovered.com. We’re always happy to help!