I am going to buy an oceanfront condominium near Miami, Florida. Nothing fancy, just a one bedroom condo. How much should I expect to pay for the apartment insurance? Outside insurance is handled by the condo association.
2007-07-31 05:23:12 · 3 answers · asked by Dieter 2 in Business & Finance ➔ Renting & Real Estate
Not sure. Here in DFW area in Texas, we pay 15 a month for renters insurance in our 2 bedroom apartment.
2007-07-31 05:38:03 · answer #1 · answered by mzfshonble05 3 · 0⤊ 0⤋
If you aren't local to here already ... be warned.
Building insurance on oceanfront properties in south Florida has been doubling or more every year -- hurricane insurance is very expensive. condo associations do the best they can, and their monthly maintenance fees are rising rapidly.
that said ... a lot depends on construction and hurricane protection methods already installed.
could be 500/yr or 5,000/year
you need to be talking to local insurance brokers ...
GL -- you'll need it.
2007-07-31 05:37:02 · answer #2 · answered by Spock (rhp) 7 · 0⤊ 0⤋