WHAT TYPES OF INSURANCE WILL I NEED?
There are 3 forms of insurance you will need to get if you plan on financing your home here in the
Keys.
Flood Insurance:
There are 2 types of flood zones in the Florida Keys: AE and VE. Flood insurance for AE is very
affordable and varies depending on the elevation. VE costs quite a bit more and you should get a
quote from an insurance agency before submitting an offer to a property.
Windstorm:
The rates for windstorm vary greatly depending on location and how and when the home was
constructed. You can call any local insurance company to get an approximate quote. There are some
lenders that do not require windstorm insurance.
Homeowner’s: Prices vary.
Please note that insurance cannot be bound if a there are any hurricane watches or warnings in the
state of Florida. For that reason, you will want to obtain insurance as soon as possible to not delay
closing on your property.
WHAT IS THE COST
Comments(0)