The Truth About Florida Home Insurance in 2025

What Retirees (and Anyone Buying a Home Here) Really Need to Know

If you’ve been thinking about buying a home—or you already live—in the sunny state of Florida, chances are you’ve heard a thing or two about rising home insurance costs. Maybe more than a thing or two. And if you’re eyeing retirement in a 55+ community, understanding what’s happening with Florida’s insurance market in 2025 could be the key to keeping your budget intact and your peace of mind steady.

We sat down (again!) with Adam from Urban Young, one of Florida’s top independent insurance agencies, to break down the current state of insurance, how retirees can actually save money, and why having the right agent in your corner can make all the difference. Let’s dive in.

So, What’s Going On With Florida Insurance?

In short? A lot.

Florida’s insurance market has been a bit of a rollercoaster these last few years. With a high number of lawsuits (we’re talking 70% of the country’s property insurance litigation happening right here), many big-name carriers left the state, making it tougher for homeowners to find affordable coverage.

That led to a tighter, more expensive market, especially after a string of hurricanes. But there’s good news: recent changes in Florida law are starting to work. We’re seeing more carriers enter the market, more competitive rates, and slightly more lenient underwriting guidelines.

While it’s still a tough market, it’s not the Wild West it once was. You can actually get a solid policy—if you know where to look.

Why Independent Agencies Like Urban Young Matter

Think of an independent insurance agency like your insurance matchmaker. They don’t work for just one provider—they work for you, shopping around among dozens of companies to find the best fit for your needs and budget. Whether you’re still house hunting or have lived in your Florida home for a decade, an independent agency can help you find better rates, re-shop your policy each year, and act as your go-to contact for questions or changes.

Translation? One phone call. Real people. Real answers.

(We know our 55+ crowd appreciates speaking to an actual human being instead of a robot—so do we.)

Flood Zones, Lawsuits & Roofs—Oh My!

One of the biggest challenges for Floridians (especially retirees moving from out of state) is understanding what their homeowner’s policy actually covers. For example, flood damage? That’s not covered by standard homeowners insurance—it requires a separate policy.

With Florida surrounded by water, flood zones are a big deal. Even if you're in a low-risk area (called an X zone), it might still be smart—and surprisingly affordable—to pick up a flood policy. We’re talking $30 to $50 a month in many cases. Worth it for peace of mind.

Also good to know? If you’re buying a home and the seller already has flood insurance, that policy might be transferable to you—saving you serious cash. (Hint: always ask!)

How We Got Here: The Legal Mess Behind the Mess

Let’s rewind a bit. What caused the chaos in the first place?

Lawsuits. Lots of them.

Florida’s insurance companies were drowning in legal fees. Between shady roofing contractors filing inflated claims and attorneys racking up massive legal bills (most of which were paid by the insurance companies), insurers were bleeding cash.

The result? Skyrocketing premiums and insurers pulling out of the state.

Thankfully, Florida lawmakers stepped in. A few key changes that are helping right the ship:

• Eliminating one-way attorney fees (insurers no longer automatically foot the legal bill)
• Tightening rules around “assignment of benefits”, which previously let third parties hijack the claims process
• Speeding up timelines for legal action

It's not perfect, but we’re heading in a better direction—especially for homeowners who just want fair coverage and less drama.

Can You Still Get a Good Deal? Actually…Yes

Despite all the noise, it’s absolutely possible to find a good rate. In fact, Adam shared stories of clients who, after their original provider left Florida, were automatically rolled into a more expensive policy—only to work with Urban Young and bring their premium back down to where it started.

This is why having an agent who shops the market for you is a game-changer. Bonus points if they understand the unique needs of retirees on fixed incomes (and yes, Adam and team do).

Timing Is Everything: When to Call an Insurance Agent

Thinking about moving to Florida? Already under contract? Even just considering a few homes? That’s a great time to call an independent insurance agent.

The sooner you get an expert involved, the better. Agents can flag potential red flags (like an old roof that could make insurance impossible—or insanely expensive) before you sign on the dotted line.

Already own your home? No problem. Call, email, or fill out a quote form and they’ll help you compare your current policy to what’s out there. Just be ready to share your policy details—transparency = better results.

Bonus Tips (Especially for Our 55+ Homebuyers):

• Ask about flood insurance even in low-risk areas. It’s cheap and can save you thousands.
• Check if a seller’s flood policy is transferable before you buy.
• Negotiate roof replacements if the home you want isn’t insurable.
• Always compare policies apples-to-apples—coverage is more than just price.

Should You Use a Public Adjuster?

Short answer: maybe.

Public adjusters can help if you feel your insurance company isn’t offering a fair payout—but they’re also considered third parties, and their involvement can quadruple the cost of a claim (not necessarily in your favor). Some take a chunk of your payout, too.

Try going through the claims process on your own first. If it hits a wall, then explore outside help. And remember, Florida has free resources through the Department of Financial Services to help homeowners navigate claims issues.

Final Thoughts: You’re Not Alone in This

Whether you’re planning your retirement move to Florida or already sipping iced tea on your lanai, navigating the insurance landscape doesn’t have to be overwhelming. Independent agencies like Urban Young are here to simplify the process, keep things human, and help you protect your investment.

As Adam put it best: “We don’t make money writing one policy. We make money keeping your business year after year. So we want to earn your trust—and keep it.”

Need Help With Your Insurance?

Get in touch with Erb and Young at www.erbandyounginsurance.com or call (321) 234-1690 to speak with someone who actually answers the phone (refreshing, right?). You can also request a quote online.

If you're planning to buy a home in one of Florida’s 55+ communities, make insurance a part of your conversation early. And if you're not sure where to start? We can help you connect with the right agent and the right community at www.Explore55Plus.com.

Happy exploring—and happy insuring!