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Naples Collier County
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Old 03-30-2011, 10:20 PM
100 posts, read 242,585 times
Reputation: 96


My fiance and I are looking to purchase in the Naples area. However, we want to be prepared for those extra costs of living in Naples. Can anyone give me a rough estimate on how much we might expect to pay for hurricane insurance on say a $250,000 home?

And are there any other costs associated with living in Florida or Naples that someone who has never lived there might not be aware of?

Thank you ever so kindly!
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Old 03-30-2011, 10:54 PM
Location: Sarasota FL
6,191 posts, read 8,068,216 times
Reputation: 5487
The cost of the 'wind' portion of your home owners insurance is based on many factors.
When was the house built. Homes built pre 94 do not comply with current building codes and insurance is very expensive. Codes were up graded in 94, 98, 02, 06. The newer the home, the less expensive.
Roof type. Gable roof adds to costs. Hip roof is less expensive.
Square footage of home is a factor.
How far from the Gulf. Distance from the Gulf is a factor.
How far is the nearest fire hydrant or water source.
Deductible is based on what it would cost to rebuild the house. The deductible is 2% If the house costs $150,000 to rebuild, you eat the first $3000 of damage.
A separate policy for 'flood' is required if in a flood zone. Policy cost is based on what flood zone the house is located and the elevation of the 'living' floor.
Other costs may include a monthly H.O.A. fee if in a deed restricted community.
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Old 05-18-2011, 02:38 PM
8 posts, read 20,936 times
Reputation: 10
Can you tell me if the ins cost keeps going up based on replacement cost or if you can keep it the same based on the mtg. I am asking because our previous ho ins from another state didn't fluctuate much in 17 yrs and was very reasonable. The bubble and ballooning cost issue in fl and naples area especially seems pretty scary to me. Ins in FL seems insane.
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Old 05-18-2011, 04:49 PM
Location: East Tennessee
374 posts, read 766,510 times
Reputation: 419
This is an EXCELLENT thread that should give you considerable information about homeowner's insurance in Florida - scary at best when you're considering moving from a state where insurance is reasonable and sane...

Homeowners Insurance - You must be kidding

Good luck to you
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Old 05-18-2011, 05:32 PM
8 posts, read 20,936 times
Reputation: 10
Thank you. There is much to like about fl, but I am seeing where the way the state/local is being ran is a mess, of course this seems true all over, just diff flavors. Corp/Govt is running america into the ground. The insurance in fl of all kinds is truly shocking. Honestly, whatever happened to owning a home to live in? Seems everything is becoming about the bottom line, doesn't seem to be working out well either.

Sorry for the "rant", but honestly I am beginning to think I live in a parallel universe or something... LOL.

Last edited by BGr8tful; 05-18-2011 at 06:43 PM..
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