Condo insurance in Florida

Find coverage that fits your home — and your budget.

When we say "home insurance" or "homeowners insurance," we're referring to House & Property insurance.

Outside of Florida & Louisiana, Kin offers House & Property insurance, which has a base policy that provides coverage similar to landlord insurance. Homeowners who live in their home can add an owner-occupied endorsement to create coverage similar to an HO3 policy.

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What does condo insurance cover in Florida?

Protection that fits how you live — reliable coverage for shared walls and personal spaces.

for the actual structure of your home, inside and out.

for your personal belongings that make your house a home.

for additional living expenses when a covered loss forces you to temporarily relocate.

if you accidentally cause someone bodily injury or property damage.

if a guest is injured on your property.

Protect your condo from disasters big and small

Support that feels personal because it is. The policies we offer can be customized to cover Florida's top risks.

Common questions about Florida condo insurance

What’s the average cost of condo insurance in Florida?

The average cost of condo insurance in the U.S. is $531 per year, according to the National Association of Insurance Commissioners. However, Florida condos are likely to be more expensive to insure than average due to the heightened risk of damage from natural disasters. More specifically, what you pay for condo insurance will depend on factors like how much coverage you need and where your condo is located.

What factors affect how much condo insurance costs in Florida?

Multiple factors will affect the cost of condo insurance in Florida. Commonly, these include:

• Location. Condos near the coast or in high-risk hurricane zones tend to cost more to insure.
• Building age and construction. Older buildings or those without storm-resistant features may cost more to insure.
• Unit value and size. Larger or upgraded units require more coverage, which increases premiums.
• Master policy coverage. The extent of your HOA’s insurance determines how much individual coverage you need.
• Personal property limits. More coverage for belongings like furniture and electronics raises your premium.
• Deductibles. Higher deductibles lower your premium but increase out-of-pocket costs in a claim.
• Liability limits. Higher liability limits provide more protection but cost more.
• Optional endorsements. Add-ons like flood, water backup, or loss assessment coverage can increase costs.
• Claims history. A history of frequent claims by you or your building may lead to higher premiums.

How much condo insurance do I need in Florida?

There are some general rules of thumb for how much condo insurance you need in Florida:

• Dwelling. It's good practice to get at least enough dwelling coverage to replace the interior finishes (i.e., cabinetry, plumbing/lighting fixtures, wall coverings, and floor coverings) of your condo unit if destroyed by a covered incident.
• Personal property. Policies often cover the belongings inside your condo for at least 50% of your total dwelling coverage, though you can opt for more coverage.
• Personal liability. You should have enough liability coverage to protect your assets (savings, real estate, etc.) if you are sued after an at-fault incident that injures someone or damages their property. Generally, you should have at least $100,000 to $300,000 in coverage, though you may need more based on your assets and net worth.
• Medical payments. Home insurance covers medical bill payments for injuries sustained by guests, regardless of who is at fault. Limits are often set at $1,000 to $5,000.
• Loss of use. This covers additional living expenses, such as lodging and meals, if you ever have to move out of your condo while repairs are made. Insurers often set this coverage at 20% of your total dwelling coverage.

What does condo insurance not cover in Florida?

Condo insurance in Florida does not cover the following:

• Floods. Condo insurance policies do not cover damages caused by outside flooding; however, you may be able to add this coverage on to your policy. Otherwise, you can purchase flood insurance separately.
• Earthquakes. Condo insurance policies do not cover damages caused by earthquakes.
• Wear and tear. Any damages caused by normal wear and tear or lack of owner upkeep will not be covered.
• Building exteriors. Condo insurance primarily covers the interior of your home. The condo association’s master policy should cover the building’s structure, exterior, other structures, and common areas.

What additional coverages should condo owners consider in Florida?

Condo owners in Florida should consider some of the following additional insurance types to protect their homes:

• Windstorm coverage. If your condo insurance policy doesn’t cover windstorm damage, you will want to buy a separate policy or add an endorsement to your existing policy.
• Flood insurance. Florida has a high risk for floods, which aren’t covered by condo insurance. You can purchase this coverage from a private insurer or the National Flood Insurance Program.
• Sinkhole insurance. This coverage can protect your condo from sudden depressions or land collapses, also known as sinkholes. Florida law requires that insurers offer sinkhole insurance, though it’s typically sold as a policy endorsement.

Does condo insurance in Florida cover common grounds?

Condo insurance in Florida does not cover things outside your individual condo unit. Typically, your condo association’s master policy will cover damages to the building’s exterior, roof, common grounds, and other structures around the property.

Is loss assessment coverage included in Florida condo insurance?

Yes, coverage for loss assessments comes standard in most condo policies. It can help pay for shared losses when caused by incidents your condo policy covers.

Is condo insurance required in Florida?

Condo insurance is not required by law, but your mortgage lender may require that you obtain it before you finalize your loan. Even if you don’t have a mortgage, your condo association may require you to maintain a specific amount of coverage.