How Much Does Condo Insurance Cost in Florida?
Florida Condo Insurance costs about $960 per year on average and is generally 50% higher than the national average which is about $478 per year. The reason why the state average is higher than the national average is that cities like Naples and Miami tend to have larger, more expensive houses on the coast which are more prone to hurricane damage.
How Much Does Condo Insurance Cost in Cape Coral, Florida?

According to our research, Condo Insurance in Cape Coral costs about $664 per year on average, but when we surveyed our customers, we’ve found that we provide Cape Coral Condo Insurance for about $652 per year on average. This is in line with our research suggesting that 93% of Cape Coral condo insurance policies are under $880 per year.
One thing to keep in mind is that $665 is the average for Cape Coral, but the only way to know how much your condo insurance premium would be is by getting a personalized quote for your condo in Cape Coral.
How Much Does Condo Insurance Cost in Fort Myers, Florida?

The average cost of Condo Insurance in Fort Myers is $718 per year. According to our survey, 90% of condo insurance policies in Fort Myers cost under $1,000 per year. We’ve found that our Culbertson Agency customers yearly policies average to about $668 which means that we’re able to save most people money on condo insurance for Fort Myers.
While $718 per year is the average condo insurance cost for Fort Myers, the only way to know how much your condo insurance would cost is to get a personalized quote for your condo. You may be surprised at how much money we could save you.
Protect Your Southwest Florida Condo
Southwest Florida has thousands of condominiums where residents enjoy the ability to golf, go to the beach, or just enjoy our Florida lifestyle without the need to mow the lawn or shovel the driveway. Even so, it’s still important to make sure that your condo or townhouse is protected with the right insurance.

Condo insurance helps cover your unit and your personal belongings if they are damaged or destroyed by any incident covered on your insurance policy.
Condo insurance policies typically cover the following:
- Theft
- Fire and smoke
- Vandalism
- Water damage from ruptured appliances like water heaters or air conditioners.
A condominium insurance policy includes several standard types of coverage that help protect you, your family and your belongings. You may also be able to buy additional, optional coverage to help further protect what matters most to you.
Is Condo Insurance Required?
Many lenders (usually mortgage companies) will require you to purchase a condo insurance policy for your unit. This policy is sometimes called “walls-in” coverage or HO-6 insurance since it helps cover the interior walls, fixtures, and personal property within your condo and not the exterior of the condo structure. We’ll help you make sure that your condo insurance meets HO-6 requirements.
How Can I Save Money on My Condo Insurance?
Raising your deductible is one way to save money. You may also qualify for a discount if your condo is new or if you’ve made it safer by installing smoke alarms, fire extinguishers or a security system. These discounts will depend on which insurance carrier you have for your condo insurance. Please contact us if you think you might be eligible for discounts on your condo insurance.
What’s NOT Covered by Condo Insurance?
Condo insurance protects you from accidental and sudden losses, but there are some losses that just aren’t covered.
Items Breaking Down and Maintenance.
Most condominium insurance does not cover basic maintenance repairs. For example, if your water heater cracks, your coverage most likely will not help to replace the water heater itself. But, your condo insurance should cover an incident where your water heater cracks, leaks water if it causes damage to your floors. That’s why it’s a good idea to have all your heating, cooling and plumbing systems regularly serviced.
Floods, earthquakes and water backup.
Floods, earthquakes and water (sewer) backups are excluded from most condo insurance policies. If you want to purchase additional insurance to cover these events, please contact us and let us know. We’ll even go over your existing policy details with you to make sure that you’re completely satisfied with the amount of coverage you have.
Most condo insurance policies cover your contents up to a certain value. But certain valuables, like expensive jewelry, furs and silverware may require extended coverage to cover their full value (we would typically recommend an Umbrella Insurance Policy for such items). You might also consider coverage to cover lock replacements, satellite dish antennas, computers and fire department charges. If you have specific questions about your condo insurance needs, please do not hesitate to contact us and we’ll be able to help.
What if I don’t have all the information to file a claim?
When it comes to filing a claim, the sooner the better; even if it’s right after the incident, especially if your property is still wet from water damage. Contact us as soon as possible and we can help speed up the claim process. Even if you don’t have all the information, you can always provide us with additional details later.