Question 1

Do I need flood insurance if I'm not in a flood zone in Greenacres?

Accepted Answer

It depends on your specific flood zone. If you're in Flood Zone AE or another special flood hazard area with a federally-backed mortgage, flood insurance is mandatory. Even in lower-risk zones like Zone X, you should seriously consider buying it—coverage is much cheaper in these areas, and about 25% of flood claims come from outside high-risk zones. Remember, your standard homeowners policy excludes flood damage entirely.

Question 2

How much does home insurance cost in Greenacres compared to the rest of Florida?

Accepted Answer

Greenacres homeowners typically pay $3,800-$4,500 annually for adequate coverage, which is significantly lower than the statewide average of $11,759 in 2024. Your inland location in Palm Beach County means lower hurricane risk than coastal areas like Miami or Fort Lauderdale, where premiums can run 40-50% higher. Your actual rate depends on your home's age, construction, and specific flood zone.

Question 3

What's a hurricane deductible and how much will I pay?

Accepted Answer

A hurricane deductible is a separate, higher deductible that applies when a named storm causes damage to your home. In Florida, these typically range from 2-10% of your dwelling coverage amount—not a flat dollar amount. If you have a $300,000 policy with a 5% hurricane deductible, you'll pay $15,000 out-of-pocket before insurance kicks in. This is in addition to your regular deductible for other types of claims.

Question 4

Should I insure my home for the purchase price or something else?

Accepted Answer

No, insure for replacement cost—what it would actually cost to rebuild your home from scratch, not what you paid for it. In Greenacres, where median home values reached $452,500 in 2024, construction costs per square foot are often higher than purchase price suggests. After a hurricane, labor and materials get expensive fast, and you need enough coverage to fully rebuild without paying the difference yourself.

Question 5

Can I get discounts on my Greenacres home insurance?

Accepted Answer

Absolutely. Impact-resistant windows and doors, newer roofs with proper attachments, hurricane shutters, and updated electrical/plumbing systems all qualify for discounts. Some insurers offer 20-30% reductions for homes with comprehensive hurricane mitigation features. If your roof is older than 15 years, replacing it before shopping for insurance could save you enough in lower premiums to partially offset the replacement cost. Always ask insurers specifically about available mitigation discounts.

Question 6

What happens if I can't get coverage from a regular insurance company?

Accepted Answer

Citizens Property Insurance Corporation, Florida's state-run insurer of last resort, provides coverage when private insurers won't. Citizens reduced rates by an average of 5.6% for 2025, making it more competitive. While Citizens can assess additional charges if a major hurricane depletes reserves, it often provides the only affordable option for some Greenacres homeowners. Work with an independent agent first to exhaust private market options before turning to Citizens.

Insurance Agents in Greenacres, Florida (FL)

Insurance agencies serving Greenacres

Brightway Insurance

Covercare Insurance Inc.

Insurance Agents in Greenacres, Florida (FL)

Insurance agencies serving Greenacres

Brightway Insurance

Covercare Insurance Inc.

Sunnyland Insurance Agency

We Insure

We Insure WA Insurance Agency

WEC Insurance Services

Insurance Guides for Greenacres

Home Insurance in Greenacres

Auto Insurance in Greenacres

Greenacres Insurance Guide

Frequently asked questions