Florida Home owners Insurance is so high!!

[Trevor Hawn]

I would love to get people's thoughts and guidance on home owners insurance on Florida. I'm trying to buy a vacation rental/STR in the Florida Emerald Coast area. I've received insurance quotes from a broker on two different houses.

For one house (historic home), the quote was $14,000 annually which included flood coverage. 

Another house we are looking at is located 6 blocks off the beach (built in 1980). The insurance quote we received is $15000 that didn't even include flood coverage.

Are these quotes inline with what others are experiencing? With so many insurers leaving Florida it seems likely that these premiums will go up even more upon renewal. Is this situation likely to improve in the near term?

Appreciate any insight folks can provide. 

[Jason Smith]

If you don't live in Florida you don't understand why it is so high. 60% of the houses on my street have new roofs covered by the insurance. The roofers and water restoration companies are in cohots with the personal injury attorneys. Roofers stop by eveyone's home multiple times a month offering free roofs. Up to 3 years ago the roofer's would start without giving the insurance company a chance to inspect the roof, just privoding pictures after they already started. They passed a law they have to wait till the insurance can inspect too. They tried passing a law that said they could not go door-to-door any longer and say free roof like they have in Georgia. That was ruled illegal by the courts in Florida, saying it violated free speech. If the insurance objects, the assignment of benefits (AoB) the homeowner signs with the contractors gives the lawyers the rights to drag out a lawsuit for ever with the insurer and they usually give in. It has gotten so bad for the insurers that they are leaving the state.