Trulia Tampa, the answer to your question is going to depend upon the type of property that you buy, single family, condo, manufactured home. Rates will also fluxtuate if the property is owner occupied or a second home or investment property.
Let's consider what is an owner occupied. This is a residence; single family, condo or manufactured home that is occupied by a Florida resident. A second home, single family, condo or manufactured home is occupied by someone that earns their income not in Florida! You may live in Florida six months, but, if you are not a resident and / or earn your income from outside of the state, then your home purchase is considered to be a second home.
Insurance rates are different for each type of occupancy. The cost of the insurance will reflect the inherited risk of each type. Owner occupied vs second home. Then the type of structure will be considered for the coverage and subsequent cost.
Investment properties would fall under different types of insurance policies/coverage. Obtaining homeowner's insurance in some cases is not how much but can you obtain it. Frequently, a four point inspection is required by insurance companies before writing or quoting an insurance policy. A four point inspection, covers the roof, mechanics, plumbing and electrical plus the overall condition of the property.
The cost of insurance is pretty significant and most homeowner's encounter sticker shock regarding the cost of homeowner's insurance in Florida vs northern states. Insuring the pool cage is an optional cost.
Discounts are given for wind mitigation certificates, four point inspections, security alarms and in some cases for veterans. Best to shop and ask an insurance agent for more specific details.
Brock Realty Inc.
Yes, you should have received title insurance when you bought your townhouse (or is it organized as a condo?). Look at your HUD-1 Settlement statement if you cannot locate your copy of your title insurance policy. Contact the title company where it closed and ask them how you can get a copy of your title insurance policy. If you cannot locate your settlement statement and cannot remember the name of the title company you can search on the Pinellas County Clerk's website for official records and when your deed was recorded it will probably have the name of the title company.
Normally townhouses do not cover insurance for the building butcontact the manager for your association to verify what your HOA (or if it's actually a condo), insurance policy covers.
Your HOA can even direct you to the insurance agent that can give you a copy of your coverage for your new lender that is requiring you to get insurance.
Hope this helps.
All the best,