In my first year of living in Southwest Florida, we experienced Hurricane Charley and insurance companies had to pay out billions of dollars in claims and the insurance market hasn't been the same since then. It's been a long time—about 10 years at the time of this writing—since the last hurricane made landfall in Florida, but it remains something to be concerned about every year as hurricane season approaches.
It's no secret that the population in Naples tends to be a more affluent than your typical resident in Southwest Florida. Naples is one of the wealthiest cities in the United States, with the sixth highest income in America, and the second highest proportion of millionaires in the US. Real estate is among the most expensive in the country, with houses for sale in excess of $40 million.
Southwest Florida is fairly unique when it comes to homeowner's insurance—especially Naples homeowner's insurance. Everyone in Southwest Florida lives in a coastal community; it doesn't matter where you live in Naples—everyone is considered to have a coastal home in regard to their home insurance. Every Naples Home Insurance policy has both hurricane coverage and fire/theft/all perils coverage. It just follows that homeowner's insurance in Naples is going to be higher (typically double or more) than the rest of the country.
At this point, it’s important to note that Flood Insurance is NOT included in any Florida homeowner’s insurance policy. You’ll need to get a separate policy that will cover damages caused by a flood.
There are some things you can do to help lower the cost of your Naples Home Insurance, but the best thing you can do is use a professional and LOCAL insurance agent in Naples who can help you navigate the tricky Florida market. We'd love to be that agent.
If you’d like a FREE, no obligation Naples Homeowner's Insurance quote, the process takes about 5 minutes, and we’ll have a personalized quote back to you within a few hours after we review the specifics of your home and compare rates with the 13 A-rated insurance companies we represent for Naples Home Insurance. You may also give our Naples Insurance Agency a call anytime at (239) 210-7710.