Moreover, it works with short-term rentals too. The insurance protects long-term rentals when they are rented out, when they are being renovated, and even when they are vacant. Obie covers single-family homes, apartments (5+ units), condos, and multi-family homes (2-4 units). Overall, landlords are able to save up to 25% on their current policy when switching to Obie, which is an easy process. As an insurance brokerage with a wide network, Obie is able to secure competitive rates. The price of the landlord insurance provided by Obie depends on the location, the building materials, the coverage, and the annual rental income. That’s what makes Obie the best overall landlord insurance in the State of Florida. As an insurance broker using the power of technology, Obie is able to source the best rates for insurances that match the exact needs of each landlord. Obie has nationwide coverage and has insured $4 billion worth of properties.
The company was founded in 2017, with headquarters in Chicago, IL. Obie specializes in the provision of insurance for investment properties including both short-term and long-term rentals as well as multi-family homes and commercial properties. Obie: Best Overall Landlord Insurance Company in Florida Value for money: We focused on insurance companies that offer the best value for money to landlords in Florida by charging exactly what their coverage is worth.Customer reviews: We went through online reviews on third-party websites to check what experiences real estate property owners in Florida have had with each insurance company.History and financial stability: We considered how long each company has been in business and how well diversified its finances are.Property types coverage: We found companies that work with different property types (single-family homes, condos, townhouses, and multifamily properties) and with both rental strategies (short-term rentals and long-term rentals).Cost: We considered companies whose pricing structure reflects the market, the property type and size, and the policy coverage in order to provide competitive cost and not overcharge.However, we also included national companies with a strong reputation. Location: We focused on local companies as they are familiar with the Florida market and can provide protection against the risks there, such as weather.Flexibility: We aimed to find insurance companies that give Florida landlords the option to customize their policy to fit the exact needs of their property.Risk coverage: We searched for Florida insurance companies that cover all the risks associated with running a rental property business, including property damage, furnishings and appliances, medical expenses, and landlord liability.We focused on the following criteria for comprehensive evaluation and objective ranking: In our selection of the top landlord insurance providers in the Florida market, we used a number of different factors to evaluate each company and make sure to rank only the best options. How We Ranked the Best Landlord Insurance Companies in Florida Tower Hill Insurance Group: Best for Lost Rental Income.Florida Family Insurance: Best for Short-Term and Long-Term Rentals.Frontline Insurance: Best for Flexible coverage.Cypress Property & Casualty Insurance Company: Best for Comprehensive Coverage.Obie: Best Overall Landlord Insurance Company in Florida.The 6 best landlord insurance companies in Florida are:
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We’ll also consider what existing landlords think about each of these insurances, and we’ll show you how to get started with your top choice. We’ll look at the coverage that they provide and the price that they charge in order to locate the best value for money. In this article, we will rank the 6 best landlord insurance companies in Florida. That’s why it’s a must for Florida landlords to find the top insurance to protect their properties against damage and themselves against liabilities. While Florida is one of the best places to invest in rental properties, the climate brings even more risks to owning and renting out an investment property than elsewhere in the US market.
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