Is homeowners insurance mandatory in Florida?

Is homeowners insurance mandatory in Florida?

Florida law does not require the purchase of homeowners’ insurance, but most people want to insure the largest investment they may ever make – their home.

Is PIP insurance mandatory in Florida?

In Florida, PIP coverage is required to be purchased by all owners of motor vehicles registered in this state. PIP coverage makes the individual responsible for their own injuries in an accident regardless of fault.

How can I lower my homeowners insurance in Florida?

12 Ways to Lower Your Homeowners Insurance Costs Shop around. …Raise your deductible. …Don’t confuse what you paid for your house with rebuilding costs. …Buy your home and auto policies from the same insurer. …Make your home more disaster resistant. …Improve your home security. …Seek out other discounts. More items…