Assurena Insurance Agency is an independent insurance brokerage agency that carries some of the best coverage options in the entire New USA.

Our Contacts

88 Centre Street North,
Toronto L4W 1C9
+1 (419)-507-0468
+1 (213)-345-0468

Working Hours

9.00 - 5.00
8.00 - 5.00
8.00 - 5.00
8.00 - 5.00
8.00 - 4.00

Homeowners Insurance in Palm Beach County

Florida is such a scenic place to live that so many people dream to have their homes in the state. The weather, the beaches, and the blissful ambiance of the sunshine state make all of its parts, including Palm Beach County to be hotspots for people seeking a luxurious and peaceful lifestyle. However, this peace can get disrupted for you, a Floridian homeowner, whenever any of the frequent natural disasters hit. Because of its proximity to the Gulf of Mexico and the Atlantic Ocean, hurricanes, strong winds, rain, and other natural perils occasionally disrupts Florida. Also, because of the high standard of living in the state, Florida homeowners often find themselves victims of crimes such as burglary and vandalism. 

Therefore, as a homeowner in Florida, or someone wishing to buy a property in the state, you must shop for a homeowners’ insurance policy as you shop for your home. It is important!

Causes of Homeowners Insurance Losses in Palm Beach County

Like most other areas in Florida, Palm Beach County is prone to natural disasters such as hurricanes, floods, strong winds, fires, and so on. With that said, below are the major causes of homeowner’s insurance losses in Palm Beach County :


The proximity of Florida to the Atlantic Ocean makes it a hotspot for hurricanes stemming from the high winds of the Ocean. Hurricanes are so frequent in Florida that no other state has come close. There have been about 78 hurricanes in Florida since 1938, 14 of which have been close to Palm Beach. Although, most of the recent hurricane disasters have not directly hit Palm Beach County, the proximity to the affected areas has affected some parts of the County. Hurricane Matthew was only 20 miles away from Palm Beach.


Flood is a common occurrence in Florida and it does not exempt Palm Beach from these frequent disasters. The state is between two major water bodies makes it vulnerable to flood, especially during the rainy seasons.

In Florida, 3.5 million people are at risk of coastal flooding. Flood disasters are so common and can be very devastating that most insurance policies do not cover floods. Homeowners have to buy separate flood insurance to protect their properties in case of a disaster.


The weather in Palm Beach County and neighboring areas in Florida makes cases of wildfires a common scenario. The high winds frequently cause damages to the electricity of houses, which then spark fires. Some people have lost their houses totally to fire incidences, and it is always good to have good insurance that can cover your loss.

Lightning Storm

Lightning storms are very common in various areas of the state, including Palm Beach. In 2019, they ranked Florida numbed 5 with the most Lighting Strikes with well over 5 million. These storms usually leave properties damage and homeowners having to evacuate to have their houses renovated.

Types of Homeowners Insurance in Palm Beach County and Their Coverage Options

There are different homeowner’s insurance policies in Palm Beach County and you need to be aware of the coverage options of each policy before deciding on the one to buy. These are the most common types of homeowner’s insurance policies and what they cover:

Dwelling Insurance

Dwelling insurance is the most basic of all insurance policies. This policy covers theft, vandalism, fire, wind & hail damage, and other infrastructural damages. Most people in Palm Beach buy this policy then, get others to supplement it. Common Dwelling policies include Ho-3 and Ho-6 policies. HO-3 is the most common Dwelling Insurance for single-family homes.

Flood Insurance

Flood insurance is very important for every homeowner in Florida. This is because of the susceptibility of the area to flood disasters which often destroy properties greatly. The cost of returning your property to its pre-flood state may be too expensive for you to bear alone which is why it is good to have flood insurance separate from your normal insurance.

Personal Property Policy

Personal Property coverage comes standard on most common Homeowners’ policies. This coverage provides insurance on your personal items and it is always best to over-insure than to be underinsured with your personal property. Personal Property Items insured under this plan usually include jewelry, furs, and so on. If you have luxurious items (usually over $1k in value) in your homes it is best you have those items covered under “Schedule Property Insurance”.

Additional Living Expenses (ALE)

Homeowners in Florida occasionally face mandatory evacuation due to severe disaster strikes or if you have to leave your property because of a covered loss. The Additional Living Expenses policy covers your expenses during your stay outside your home. This includes hotel costs, restaurant bills, among others.

To cover all bases, also buy flood insurance and sinkhole coverage separately from your normal plan as these risks are not usually covered in normal plans.

Cost of Homeowner’s Insurance in Palm Beach County

Insurance in Florida is one of the most expensive across the country and homeowner’s insurance in Palm Beach County is no exception. The high cost of homeowner’s insurance is due to two major reasons. The first is the high susceptibility of the state to natural disasters. Also, the state has a slightly above-average claims rate.

As a Floridian homeowner, the cost of your insurance premiums depends on a variety of reasons including the type of your policy and the coverage; the age of the home and the materials used to build it; claims history; credit score; and the deductible. Your premium may increase because of some additional factors such as having a swimming pool, a diving board, a trampoline, an aggressive dog breed, and so on.

Having established that, the cost of insuring a home in Palm Beach County ranges between $1300 to $7500 per year; one of the highest in the state. You can reduce the cost of your insurance by taking advantage of discounts such as bundle discounts and new homeowners discounts. Most insurance companies give bundle discounts when you purchase your home and auto insurance with them, so you can take advantage of this.

Another way to reduce your home insurance premiums is by showing that you are a responsible homeowner. You can do this by getting hurricane-proof doors, and windows, having an alarm system that covers break-in, fire, and smoke.

Finally, one of the best ways to get a good deal on your insurance policy is to compare quotes from different companies and choose the one that best suits your needs.

Things to Consider When Choosing Your Insurance Company

After settling on a property to buy in Palm Beach County and knowing the basics of buying an insurance policy for your home, the next step is to find a good insurance company to help you ensure your property. In the crop of insurance companies that are all over the state, it is important to know about a company before entrusting them with your property. Here are some things to consider when choosing an insurance company to patronize. 

Financial Ratings

The financial strength of a company is important. Several companies have faced difficulties in paying their customers after major crises in the past. You should make sure that the company you are buying your policy from can indemnify you in case of a loss.


The purpose of buying an insurance policy for your home is to be protected in case of perils. You should buy your policies from companies with a track record of responding to claims promptly and adequately.


Reviews from past and current customers give you an idea of whether you want to buy your policies from the company.

Working With Itus Direct

Itus Direct has access to all the insurance carriers in Palm Beach County. Being in the Homeowners market for 10 years we have seen a lot of changes to how insurance companies do business. We have adapted and developed a simple process to get properties insured. For convenience, speed, and reliability, and access to affordable insurance we are the company to go toPalm Beach County Palm beach

Medicare Agency in Hollywood, Florida

Leave a Reply

Your email address will not be published. Required fields are marked *