Home Owner’s Insurance in South Florida

[Matthew Maynard]

Hello BP. One of the roadblocks I’m coming across as I run my numbers on properties is how to estimate home owner’s insurance. I’m not really sure where to start - I have heard it’s increased quite a bit since the recent hurricanes but is there a good rule of thumb I can use to give myself an estimate?

If it helps, I'm primarily looking at SFH or duplexes in Palm Beach County. Somewhere east of 95 in the 300-500k range. For anyone who owns a property in a similar area, what are you currently paying for home owner's insurance? Do you also own flood insurance?

Thank you in advance!