Home Buying in Tampa Heights>Question Details

mkb5412, Home Buyer in Arlington, VA

what are home insurance rates currently, on average? any idea how they are expected to escalate when the new insurance program goes in effect?

Asked by mkb5412, Arlington, VA Fri Feb 28, 2014

Help the community by answering this question:


mkb5412, The property type that you select will determine your rates along with your credit history. To ascertain more specfic information, you would be best served to speak with a licensed insurance agent. As licensed realtors, we are not allowed to provide opinions regarding a field that is regulated and requires its own licensing criteria.

Best regards,
Lynn Brock
Brock Realty Inc.
Visit http://www.brockrealty-inc.com where you can sign up for a FREE Listing book account which allows you to search the MLS in real time and receive morning reports on new listings, current pendings and recent solds.
0 votes Thank Flag Link Sat May 17, 2014
Any local insurance agencies can better answer the questions, therefore consider a call/visit...
0 votes Thank Flag Link Sat Mar 1, 2014
This is a great question mkb5412 and there is not one definitive answer. Florida is divided into zones and what the rates are depends on where your home falls in those zones. The areas hit the hardest are primarily closest to the water which seems obvious but there are some areas inland that also are in lower lying areas that have been designated flood zones. The zones to look for are X zones as they are the best and do not fall into the higher insurance rates. A zones are a higher risk and will carry increased premiums. There is a whole range of zones that then fall with the two extremes and that's where an elevation report is recommended to best know where your home falls. To your original question about the average, I can say that some rates depending on area could see increases of over 20% and more. I have heard stories where rates were $2000 a year have gone to over $10,000 per year. A great site to go to for more information is http://www.floodsmart.gov and click on the link that talks about the Bigger-Waters Reform Act of 2012.

I hope this information was helpful.

Thank you and have a great week,

Stan Nedelko and Julie Banks, Realtors
Coldwell Banker
0 votes Thank Flag Link Sat Mar 1, 2014
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