Recommendations for Florida insurance policies for rental properties

[Kyle Sosnowski]

Hi all, I currently plan on relocating to the Jacksonville area in the next couple months and would really appreciate any recommendations on a wide view of what policies to take into consideration for acquiring a rental in Florida. (I am aware that these policies are typically required before a lender) and would like to be prepared. Any comments would be greatly appreciated! Thank you!   

[Jason Cox]

You will really need to call a local agent to get an idea. It is very slim pickings right now, Citizens is the only option for many people. If you do get stuck with Citizens remember they only offer 100K liability, you'll have to buy an excess liability policy from another carrier to get higher amounts.

When buying a property here, allow for the expenses of updates to make the property insurable. They don't allow aluminum wiring, poly pipe, or (generally speaking) roofs more than 15 years old here. If someone does insure a roof at 15+ years it will be at a very jacked up premium.