Florida Renters Insurance
- Florida Renters Insurance
As a renter in the Sunshine State, there are many options to choose from when deciding on your next home and many things to consider when the move-in date finally arrives. But one thing that often isn’t on people’s minds is Florida renters insurance.
Getting renters insurance in Florida is crucial for protecting all your personal belongings that are coming with you to your new home and, even better, the average renters insurance in Florida costs are $15 per month, so it’s extremely cheap.
Florida renters insurance is often called tenant insurance and home insurance, so don’t be confused when you hear or read about the interchangeable terms. They all mean the same thing.
But what’s covered in the Sunshine State? From Miami to Orlando and from St. Petersburg to Tallahassee, renters insurance in Florida encompasses all of the same components — no matter what city you live in.
Since the beautiful state of Florida is also home to Mother Nature’s most damaging storms, getting a Florida renters insurance policy is of the utmost importance. From what it covers to what it costs and much more in between, here’s a breakdown of the best renters insurance in Florida.
What’s Covered With a Florida Renters Insurance Policy?
Coverage C: Personal Belongings
As a renter, you have personal belongings and you need them to be protected in the event of a hurricane, break-in or other peril. Renters tend to undervalue their belongings, so make sure you calculate the cost of your clothes, electronics and all other personal items you keep on the property.
Coverage D: Loss of Use
If the rental unit you live in gets damaged or destroyed and you’re forced to leave your home temporarily, loss of use coverage can help with the costs of finding a new home, storage unit to store your belongings, gas and food that you wouldn’t have otherwise spent and even boarding for your pets.
Coverage E: Personal Liability
Accidents happen. It’s a fact of life. Personal liability can protect your financial well-being if a guest of another person is injured on your property and you’re found liable. This coverage is typically $100,000 and goes toward covering medical bills and legal expenses for things like dog bites and major injuries.
Coverage F: Medical Payments
Medical payments to others covers the more minor injuries that occur on your property. Unlike liability coverage, the injury doesn’t have to have been your fault. MedPay, as it’s often called, usually provides $1,000 to $5,000 that can be used for things like X-rays, physical therapy and doctor visits relating to the injury.
How Much Is Renters Insurance in Florida?
The average renters insurance in Florida costs a lot less than you may think. Since renters don’t own the home in which they live in, Florida renters insurance is the cheapest option of any home insurance in the state.
An often overlooked part of renting a home is getting renters insurance. But the average cost of renters insurance in Florida will only set you back the equivalent of one or two meals each month, totaling just about $15 per month, which still puts it within the top-10 most expensive states for renters insurance.
That cost gets the average renter $100,000 in liability coverage and another $30,000 in personal property coverage. Depending on your situation, you may be able to increase the liability and decrease the personal property amounts and pay the same amount.
Average Renters Insurance in Florida Cost: $180 per year
Is Renters Insurance Required in Florida?
No, renters insurance is not required by law in Florida, but certain stipulations can allow a landlord to require their tenants to maintain adequate renters insurance to uphold the lease. Even though it’s not required, renters insurance in Florida is highly recommended.
How to Get the Best Renters Insurance in Florida for Cheap
If you’re looking for the best renters in Florida at the cheapest rates, Clovered’s online quoting tool is where to begin. We partner with many of the best renters insurance companies in Florida so that can always get the coverage you need at the best price.
Our online quoting engine compares quotes from multiple providers in your area and serves you multiple quotes on a single page. All you need to do is pick the price you’d like to pay and then you’ve got the perfect coverage to protect your belongings and your wellbeing.
Averaging just $12 per month, renters insurance can protect your belongings for the cost of a few cups of coffee.
The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.