Homeowners insurance covers loss or damage at your property due to events including fire, windstorms, lightning, theft and vandalism. It also protects homeowners financially if they are responsible for an accidental injury or death. Although home insurance is not mandated in Florida, many mortgage lenders require it — and it makes sense to purchase it to protect your most valuable asset. To help you find the right policy, our partners at ConsumerAffairs researched the best homeowners insurance in Fort Myers.
A standard homeowners insurance policy in Fort Myers is divided into several different types of coverages. Policyholders have the option to purchase coverages in different amounts, which determines the maximum the provider will pay out if you file a claim.
Type of coverage
What it covers
How much to get
Physical structure of the home, like the walls and roof
Amount it takes to rebuild the home
Physical structure of buildings on the property separate from a home, like a detached garage
Insurance company calculates as a percentage of dwelling coverage
Belongings inside the home, such as furniture or TVs
Amount it takes to replace belongings; Insurance company calculates as a percentage of dwelling coverage
Claims of injury or property damage for which you, a family member or pet is at fault
Sufficient amount to cover personal assets in case of a lawsuit
Additional living expense
Temporary living arrangements if a home is uninhabitable due to a covered loss
Insurance company calculates as a percentage of other coverage
Medical payments to others
Medical expenses for guests injured at the home
Usually limited to a low number, like $1,000 or $5,000
How much does homeowners insurance cost in Fort Myers?
Florida has the highest homeowners insurance costs in the U.S. In Lee County, the average homeowner pays over $3,000 per year.
Providers calculate homeowners insurance premiums based on a number of factors, such as your claims history, the age and location of your home, the property’s building materials and fire protection in the area.
Average home insurance rates in Fort Myers
Fort Myers area
Cypress Lake (33919)
Pine Manor (33907)
Brookshire Lakes (33966)
Fort Myers Estates (33916)
Lehigh Acres (33971)
Note: Based on dwelling coverage above with a constant $1,000 deductible and $100,000 liability.
When looking at different homeowners insurance policies in Fort Myers, it is important to understand what perils your home and personal property are protected against. Usually, the policy will either name all perils that are covered, or, most commonly, it will name only the exclusions.
Here are other some other considerations before you purchase homeowners insurance in Fort Myers:
Don’t wait until hurricane season to get coverage; it is not possible to purchase new or additional coverage when a hurricane or tropical storm watch has been issued for any area in the state.
In Fort Myers, windstorm coverage may be excluded from a standard homeowners insurance policy; you can purchase this coverage separately.
Insurers are required to cover “catastrophic ground cover collapse,” but don’t need to include sinkhole coverage; ask the insurer for more information.
Before you sign up for homeowners insurance, be sure you are taking advantage of all available discounts. Most insurers offer savings for bundling homeowners insurance with other policies, having a security system, using certain roofing materials, being a new homeowner or paying a yearly premium in advance.
Progressive is one of the largest insurers in the U.S. Customers can see rates and coverages using the online HomeQuote Explorer tool, which shows side-by-side comparisons from multiple companies. Discounts are available for bundling homeowners and auto coverage, having an alarm system, planning ahead for coverage and going paperless. Reviewers like Progressive’s rates, its customer service and the easy-to-understand policies.
GEICO makes getting homeowners insurance easy and affordable. Get a free quote online or call to speak with expert professionals. Discounts are available if you insure both your home and automobile with the company, if you have a home security system or if you have smoke alarms. Customers comment positively on the policy prices and the claims support.
Visitors to State Farm’s website will find a wealth of resources on homeowners insurance. The company makes it simple to get a personalized quote and understand coverage. Discounts are available for purchasing multiple policies, having home monitoring systems and using impact-resistant roofing products. Fort Myers customers are generally satisfied with their coverage from this nationally recognized insurer.
Tim Shaw Insurance
Tim Shaw Insurance, headquartered in Fort Myers, is an independent insurance agency with over 20 years of experience. The company sells policies from every insurance carrier in Fort Myers, offering customers options at competitive prices. Quotes and advice from Tim Shaw Insurance are free. Local reviewers comment on the dedication and professionalism of the staff.
Regency Insurance Group
Regency Insurance Group, based in Fort Myers, works with top providers to give Fort Myers residents great coverage at affordable prices. Customers can expect to work with industry experts to come up with a personalized solution for homeowners insurance. Reviewers praise the helpful customer service during the claims process and the company’s commitment to client satisfaction.