Is home property insurance difficult to get?
For most Canadians buying property in Cape Coral, Fort Myers, Bonita and surrounding areas, obtaining homeonwers insurance is straighforward. If you are considering buying a single family home directly on the Gulf of Mexico (Fort Myers Beach, Sanibel Beach, Captiva) it might be a bit more difficult, but to date all of our clients have had no problems getting coverage. Property insurance (wind/fire and flood) varies greatly given the size of the home, its age, construction type, location and so on. Here is one example for illustration: The Home: 1997 construction, 2200 sqft under air, sailboat access canal, replacement value $400,000 (cost to rebuild the home on its present site). The Annual Insurance Expense: $2200 wind and fire, $600 flood. Flood insurance is a separate policy (federally regulated) from the Hazard (wind/fire) policy.
