Green Cay Village News -- News for ALL Green Cay Village Residents

Text Size  A A A    Print  

Home  Contact       
alt=" "
Green Cay Village
Boynton Beach, Fl
alt=" "
Green Cay Village


Community Pride
Money Matters
Forms & Docs
Speak Up!


Sales Office
Leasing Office
Property Manager

Mobile Edition



For townhomes and condos, structure and grounds insurance is included in the monthly maintenance fee.

But homeowners insurance (fire/theft/windstorm/loss of use/liability) for the individual units is not included. And it turns out that a lot of main line insurance companies e.g. State Farm and Allstate, do not offer homeowners insurance for townhomes or condos in Florida anymore.

That said, Allstate has a business relationship with an insurance company that looks good on paper. And the coverage and prices seem ok e.g. about $545/year in 2015 for a three bedroom condo of which about $150 is for hurricane coverage and the calendar year deductible is $500. A $1000 a year deductible would save approximately $20 per year. See the following table for coverage.

Section I    
A. Dwelling   $36,000
C. Personal Property   $25,000
D. Loss of Use   $10,000
Section II    
E. Personal Liability   $300,000
F. Medical Payments   $1,000

Note 1: This policy meets the state mandated insurance requirements for condo owners in Florida.

Note 2: I asked my Allstate insurance agent what the cost minimum cost of a policy would be that conformed to the new Florida law.

My question - What would be the minimum policies that Green cay Village condo owners could get that would meet the new Florida condo insurance law, for $200,000, 2 bedroom condos and $250,000, 3 bedroom condos?

His answer - I would have to place residents without current insurance with Citizens.  The minimum coverage limits would be dwelling $6K and contents $6K.  Premium would be approximately $250/yr.

Note 3: Flood insurance from rising water is not included in homeowner insurance policies. It can be purchased separately for about $150/year. If I lived in a ground floor condo unit or a town home, I would get this insurance too even though we live in a flood zone with a FEMA x500 annual probability of flooding of 0.2% to 1%.

For more information and a quote, contact the Todd Miller Allstate Insurance Agency located just up the street at the corner of Jog Road and Boynton Beach Blvd.

Office: (561) 736-5700
Fax: (561) 736-6868
Email: Todd Miller

Note: Todd Miller is my insurance agent and based on the service he has provided me in the past, I highly recommend him. However, I do not get paid to advertise for him. Also I will accept no responsibility or liability for the service he provides.

Peter Schulz - Editor

Board Members
Handy Man
Lease Your Home

Hurricane Info
Hurricane Tracking
County Guide
Supplies Checklist
County Shelters
Village Guide
Hurricane Shutters
Sewer System
Powered Locations
Gas Stations

Publix Stores
Home Depot

alt=" "
Safe - Civil - Clean - Well Maintained - Pleasant - Affordable
2007-2017 by Peter Schulz

Disclaimer     Privacy Statement     Site Map

Home  Contact