Gavop's guide to buying homeowners insurance in Lake Placid, FL covers how to get the right coverage, optimize deductibles, identify the best agents, understand claim requirements, avail discount options, compare cheap quotes and research reviews.
| Bedrooms | Average Home Value | Estimated Replacement Value | Recommended Home Insurance Coverage |
|---|---|---|---|
| 1 Bedroom | $49,000 | $50,000 | $25,000-$50,000 |
| 2 Bedroom | $133,000 | $120,000 | $125,000-$150,000 |
| 3 Bedroom | $129,500 | $120,000 | $100,000-$125,000 |
| 4 Bedroom | $263,000 | $210,000 | $250,000-$300,000 |
| 5 Bedroom | $333,500 | $310,000 | $250,000-$300,000 |
| Type | Discount ($) | Premium After Discount ($) |
|---|---|---|
| Multipolicy Discount | -$139 | $680 |
| Superior Protection Discount | -$74 | $746 |
| Fire & Security Discount | -$90 | $730 |
| Hail Resistant Roof Discount | -$25 | $795 |
| Newly Constructed Home Discount | -$164 | $656 |
| Claim Type | Average Claim Cost |
|---|---|
| General Claims | |
| Water Damage | $6,276 |
| Physical Damage | $2,440 |
| Hail Damage | $4,571 |
| Wind Damage | $6,560 |
| Expensive Claims | |
| Fire | $44,229 |
| Smoke | $16,218 |
| Home Insurance Company Lake Placid, FL | Homeowners Insurance Agency Lake Placid, FL | Address | Popularity Score | Distance from Lake Placid (miles) |
|---|---|---|---|---|
| State Farm | Lori Kennedy | 223 Us Highway 27 N, Sebring, FL, 33870-2132 | 19.3 | |
| Travelers | First Insurance Of Lake Placid Inc | 255 E Interlake Blvd, Lake Placid, FL, 33852 | 4.6 | |
| Allstate | Cathy Sink | 11841 Palm Beach Blvd Unit 111, Fort Myers, FL, 33905 | 45.0 | |
| Allstate | Jason Andrews | 915 Mall Ring Rd Ste A, Sebring, FL, 33870 | 20.0 | |
| Travelers | Bayless Insurance Agency Inc | 2151 Us 27 South, Sebring, FL, 33870 | 17.8 | |
| Travelers | Wells & Associates Insurance | 309 Us Hwy 27 S, Lake Placid, FL, 33852 | 4.3 | |
| Travelers | Heacock Insurance Group | 1105 Us Hwy 27 North , Sebring, FL, 33870 | 20.1 | |
| Travelers | Bayless Insurance Agency Inc | 2151 Us Hwy 27 S, Sebring, FL, 33870 | 17.8 | |
| Travelers | Nolan Family Insurance Agency Inc | 301 W Marion Ave Punta Gorda, Punta Gorda, FL, 33950 | 48.5 | |
| Liberty Mutual Independent | Charlotte Insurance Agency Inc | 4061 Tamiami Trl, Pt Charlotte, FL, 33952 | 49.3 |
| Place | Typical Home Value | Typical Home Insurance Costs | 25th Percentile | 75th Percentile | Potential Savings & Difference between 25th & 75th Percentile |
|---|---|---|---|---|---|
| Florida | $178,700 | $1,605 | $1,250 | $2,150 | $900 |
| Highlands County, FL | $87,900 | $954 | $740 | $1,280 | $540 |
| Lake Placid, FL | $111,300 | $820 | $640 | $1,100 | $460 |
| Arcadia East, FL | $74,900 | $905 | $710 | $1,210 | $500 |
| Zolfo Springs, FL | $86,400 | $827 | $640 | $1,110 | $470 |
| Southeast Arcadia, FL | $69,800 | $871 | $680 | $1,170 | $490 |
| Frostproof, FL | $73,600 | $753 | $590 | $1,010 | $420 |
| Taylor Creek, FL | $78,700 | $931 | $730 | $1,250 | $520 |
| Fort Denaud, FL | $112,500 | $1,161 | $910 | $1,560 | $650 |
| Hillcrest Heights, FL | $157,000 | $1,461 | $1,140 | $1,960 | $820 |
| Yeehaw Junction, FL | $128,600 | $1,270 | $990 | $1,700 | $710 |
| Lake Wales, FL | $114,200 | $1,091 | $850 | $1,460 | $610 |