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How Much Does Florida Home Insurance Cost?You’re ready to close on the purchase of your first home, or maybe even a move-up home. Inspections are complete and you’re in love with the property. One of the most important things you can do at this point is search for a Florida home insurance policy. Insurance gives you a financial safety net and peace of mind. However, for many buyers, the process of selecting home insurance can be confusing. Even understanding how the cost of insurance is calculated can be a stumbling point for some people. At Moran Insurance, it is our passion to connect home buyers with the most affordable homeowners insurance in Florida. We do this by maintaining an extensive network of insurers, and by understanding the unique needs of each client. We don’t simply recommend policies that we think are best. We actually go the extra mile to understand unique needs, wants, and risks so that a policy is as comprehensive as possible. Learn how insurance companies calculate the cost of homeowners insurance Florida. When you’re ready to learn more and get quotes from the top insurers, Moran Insurance is here to help. Before you buy home insurance Florida, take the time to understand what goes into the cost of every policy.
The Elements of Your Homeowners Insurance PolicyThere are several key factors that insurers use to calculate the cost of your insurance. These typically include:
- The location of your home (state, county, neighborhood, etc.).
- The size of your home.
- The current value of your home and its replacement cost.
- The replacement value of your personal property.
- The amount of liability coverage that you need.