Our house is also on the more expensive end of things. A typical $250,000 home in Florida would be about $1,200 for insurance.
As with anything insurance related, shop around. It is all about insurance pools. Every insurance company shops these pools and some are accepting of your property and others are not. Some are expensive and some are not. What is the price today won’t be the price tomorrow, literally. Simply shop around until you find an acceptable price.
I live in Florida, PBC, we see nothing near that cheap. Also, try filing a claim. It will most likely be denied, which means you then have to just eat the damages or hire a lawyer. That also probably won’t be settled for at least a year. Home insurance, and the other types of Flood and Wind, are a HUGE problem. And, in my opinion, way out of control.
“A typical $250,000 home in Florida would be about $1,200 for insurance.”
That’s a damn good deal. I pay slightly MORE than that for a 950 square foot, $60,000 house in south Alabama. Does that include wind (hurricane) and hail damage?