What is a hurricane premium?

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The term usually refers to what is, strictly speaking, a hurricane deductible on a homeowners insurance policy: an extra amount a homeowner must pay before the insurer will cover the damage or destruction caused by a hurricane.

How much extra is hurricane insurance in Florida?

Therefore, on average, Florida homeowners pay approximately $2,674 per year in premiums to protect against hurricane damage. In addition, all Florida homeowners are subject to a special deductible for hurricane damage.

What companies offer hurricane insurance in Florida?

Security First. Security First is available only in Florida, and it is dedicated to providing protection against disasters that are prevalent in the Sunshine State, such as hurricanes and flooding. …Progressive. …AAA. …Chubb. …Lighthouse Property Insurance. Feb 18, 2022