ca_lexa, Home Buyer in Boca Raton, FL

Approximately how much would insurance cost per year on a 650 sq ft intracoastal waterfront condo in FLL?

Asked by ca_lexa, Boca Raton, FL Tue Jul 16, 2013

I know there are many variables, but just looking to get a general idea of what it would cost per year. The association covers wind mitigation.

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Answers

5
Hi,

The HOA Master policy and flood is the main coverage,however, depending on occupancy you would need to speak to an insurance agent.

Thank you,
Maria Sabio
Chane Realty
954-336-5156
0 votes Thank Flag Link Tue Jul 16, 2013
Hi Ca_lexa,

the best is you contact an insurance broker. Since there different level of insurance its best to contact them direct. Are you an owner occupant or want to rent the property? How is the condition of the building? How old is the building...?This all will effect your price on the policy.

From what I know I would estimate the insurance for a year between $450-550. If you don't want to speak to an insurance agent you can many times get online quotes.

I am happy that you choose a waterfront condo in Fort Lauderdale you will loved it like we do.

Welcome to Fort Lauderdale.

Annett T. Block
Florida Connects
http://www.FortLauderdaleRealEstateDeals.com
0 votes Thank Flag Link Tue Jul 16, 2013
Once you've covered wind mitigation, you have taken the most expensive aspect of insurance coverage off the table.

The condo association usually asks you to take out content (fire, theft) insurance. Which is relatively inexpensive, but it also depends upon the value you place upon your possessions.

If you are planning on renting your condo, you will want to carry some kind of liability insurance.

Ask your insurance broker about which policies will work best for you.

Marc Jablon
Johnson and Johnson Team Realty
561-213-6139
jablonteam@gmail.com
http://www.JablonTeam.com
0 votes Thank Flag Link Tue Jul 16, 2013
The master policy covers most. An H06 policy (contents) will vary based on the amount of coverage you choose. An estimate would be $400.00 per year.

John Fortino
http://www.bocaagency.com
Access USA Realty
0 votes Thank Flag Link Tue Jul 16, 2013
That is a question for an insurance agent. I don't think there are too many of them on here, so you are best reaching out to an agent in Boca. Our company is actually headquartered in Boca, so if you want to give them a call, maybe a loan officer down there can refer you to a good insurance person. The number is 866-927-5363

Good luck!
0 votes Thank Flag Link Tue Jul 16, 2013
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