Impossible to get 300k liability (landlord insurance) ?

[Reya Ripet]

Hi all.

I'm sure others have noticed (in Florida) how impossible it is to get a landlord policy with 300k liability coverage (in a single policy).

I just recently got a new roof , because of difficult insurance agents. Thinking it would make a difference.

I wish I hadn't bothered! I can only get stupid Citizens insurance with a separate 200k liability policy, but I feel that's inferior, and none of it makes sense?!

Any insights?

Btw, I'm not in Jacksonville, but I am in Florida. My city was not in the options.

Thanks

[Jared Townsend]

A large percentage of all FL policies are being written with Citizens these days. Some agents are even pushing policies to Citizens when it could go to a standard carrier or Excess & Surplus (E&S). When you get outside of Citizens it is fairly easy to get $300k coverage with options to increase to $1.3M. 

[Reya Ripet]

The problem is that they only offer Citizens, or if it's another carrier then it's also just 100k liability. 

I'm just wondering why this is happening? I find it very suspicious at this point, why they keep pushing Citizens.

Is a 100k liability Citizens landlord policy with a separate 200k liability policy as good as a regular carrier 300k liability landlord policy ? 

Does anyone know?

thanks

[Aaron Porter]

The age or condition of a roof doesn't have any relation to the amount or substance of liability coverage that you can place on any given property.  The roof does come into play with the overall cost of your insurance policy though as having to replace the roof on a property is a risk for the insurance carrier.  

My agency is having very hard time finding carriers that are willing to insure homes in Florida because so many carrier have left the state which has left Citizens as one of the few carriers able to insure properties.  Citizens is owned by the Florida Government so they are not going to leave the state.  Which is a pro for individuals who own property in the state.  

My general recommendation for clients is to only carry the amount of liability coverage needed to have an umbrella policy.  Your umbrella policy will add more coverage to not only your property but it can also add coverage to your primary residence, and auto policies.  much better value especially when you consider most umbrella policies cost somewhere between $250-$325 annually for $1million...

[Jason Smith]

I found this post doing a search on Citizen's insurance, I know it is an old thread. My Umbrella policy policy requires 300K liabilty nationwide, but allows 100K if in Florida.

My questions is does Citizen's insure a duplex (non-owner occupied)?

[Kanglung W.]

Is anyone able to find or know of any insurance agent that offer personal excess liability insurance?  I saw an insurance underwrites it, but not able to find agent that selling it.  

[Chibueze Nwadigo]

got a quote recently from a insurance broker from florida one had 300k personal liability coverage