The Veritas Real Estate Group, Inc.

Anyone who has lender financing will be required to have a homeowners hazard insurance policy if you are buying a single family home. If you are buying a condo the condo maintenance fees cover the insurance for the common areas and the individual condo association has the option to enforce the state requirement that inside unit walls and flooring are covered. Personal contents do not have to be insured.

Here in Broward County if the property is located east of I-95 the lender will require wind insurance and the premium will increase the closer the property is to the ocean. Properties located west of I-95 are covered for wind by their homeowners policy.

Most of Broward County is in a flood zone so that the lender will also require nationally subsidized flood insurance if your property is located in a flood zone area. Earthquake insurance is not needed here.

Click on the link to see a list of the top 200 insurance providers for the state of Florida http://www.floir.com/pdf/Top2002008.pdf.