Homeowners insurance in St. Petersburg, FL typically ranges from $3,000–$6,000/year. Pinellas County’s peninsula geography — surrounded by Tampa Bay, the Gulf, and the Intracoastal Waterway — creates elevated hurricane and storm surge risk, contributing to some of the higher homeowners insurance rates in the state. Cornerstone works with the top available carriers to find the best rate for your St. Pete home.

A standard Florida homeowners policy (HO-3) typically covers:

• Dwelling (Coverage A): The structure of your home — walls, roof, foundation, and built-in appliances — against covered perils like fire, wind, lightning, and vandalism.
• Other Structures (Coverage B): Detached garages, fences, and outbuildings.
• Personal Property (Coverage C): Your furniture, electronics, clothing, and belongings, both at home and away.
• Loss of Use (Coverage D): Additional living expenses if your home is uninhabitable due to a covered loss — hotel bills, restaurant meals, and temporary rental costs.
• Personal Liability (Coverage E): Protection if someone is injured on your property and sues you.
• Medical Payments (Coverage F): Pays medical bills for guests injured on your property, regardless of fault.

What Florida homeowners insurance does NOT cover:

• Flood damage — St. Petersburg faces some of the highest flood risk in Florida due to its low-lying peninsula location, proximity to Tampa Bay, and history of storm surge events. Flood insurance is separate from homeowners coverage and critically important for St. Pete homeowners. Learn about flood insurance in St. Petersburg.
• Sinkhole damage — Standard policies exclude sinkholes; separate sinkhole coverage exists but is difficult to obtain in practice — carrier approval is selective, deductibles are typically 10%, premiums are significant, and policy language is strict. Discuss your options with your Cornerstone agent.
• Normal wear and tear — Maintenance issues are not covered.

When shopping for homeowners insurance, St. Petersburg residents often make the mistake of using the purchase price of the home as the basis for the amount of coverage they request. Oftentimes, the purchase price of the home is not the same as its replacement cost. This is especially true if the house was purchased several years ago. As building codes change and inflation pushes up the price of materials and labor, replacement costs tend to become higher than purchase price or even market value. Make sure you are dealing with an agent that understands these differences, and will write you a policy with adequate coverage to replace your dwelling in the event of a total loss.

Also Consider Extended Replacement Cost in Case of Disaster: If a major disaster strikes your area, it is wise to carry extended replacement cost on your homeowner policy to account for a possible spike in material costs to rebuild the home.

Yes — a wind mitigation inspection is one of the most effective ways to reduce your homeowners insurance premium in Florida. Wind mitigation inspections are especially important for St. Petersburg homeowners. The city’s exposure level makes every available credit count — hip roofs, impact windows, and opening protections all contribute to meaningful savings.

A licensed home inspector evaluates features of your home that reduce wind damage risk, including:

• Roof shape — Hip roofs (sloped on all four sides) receive better credits than gable roofs.
• Roof decking — The thickness and nailing pattern of your roof decking.
• Roof covering — The type and age of your roof materials.
• Roof-to-wall connection — Hurricane straps or clips that secure the roof structure to the walls.
• Opening protection — Impact windows, impact doors, and hurricane shutters that protect against wind-borne debris.

The inspection typically costs $150–$300 and the savings can pay for it many times over. Ask your Cornerstone agent whether your home is a good candidate.

The standard home insurance St. Petersburg residents buy does not include flood insurance. So if your dwelling is ever damaged by a flood, you would be responsible to pay the costs directly out of pocket. The good news is that flood protection is now available through multiple options: some homeowners carriers offer a flood endorsement that can be added directly to your home policy, while standalone flood coverage is also available through the NFIP and private flood carriers. Learn more about flood insurance for your home.

Make sure you have high enough individual liability limits in case someone is injured on your property and submits a claim against you. In general, you should carry at least enough liability coverage to match your financial net worth. If your net worth exceeds the maximum liability coverage on your homeowners policy, St. Petersburg residents should consider an umbrella policy to provide the additional liability protection they need.

Most Florida home insurance policies have a hurricane deductible expressed as a percentage of your home’s insured value — typically 2% or 5%. For example, if your home is insured for $300,000 with a 2% hurricane deductible, you’d be responsible for the first $6,000 of hurricane damage out of pocket.

Key considerations:

• A higher deductible reduces your annual premium but requires more out-of-pocket money if a hurricane strikes. Only choose a higher deductible if you can comfortably cover that amount.
• A lower deductible (2%) provides more protection with less upfront cost, but will result in a higher annual premium.
• Pinellas County’s unique peninsula geography means limited evacuation routes and concentrated hurricane risk. St. Petersburg’s waterfront neighborhoods and low elevation create significant storm surge exposure. — these factors make the hurricane deductible one of the most important decisions for St. Petersburg homeowners.

Because we are independent, we offer our clients the best carriers, at the best premiums and with the service, diligence and professionalism you deserve. We represent many of the top homeowners insurance carriers, including:

• American Integrity Insurance
• American Strategic Insurance (ASI)
• American Traditions Insurance
• Edison Insurance
• Florida Peninsula
• Heritage Insurance
• Manatee Insurance Exchange
• Monarch Insurance
• Olympus Insurance
• Ovation Home Insurance Exchange
• Progressive Insurance
• Security First Insurance
• Slide Insurance
• Tower Hill Insurance
• Universal Property and Casualty

Cornerstone’s carriers provide a comprehensive range of personal insurance products for Florida residents, including:

• ATV Insurance
• Auto Insurance
• Motorcycle Insurance
• Flood Insurance
• Condo Insurance
• Umbrella Insurance
• Renters Insurance
• Comprehensive Liability Insurance
• Boat & Watercraft Insurance
• RV Insurance
• Term Life Insurance
• Wedding / Special Events
• Horse Liability
• Vacant Home Insurance
• Golf Cart Insurance
• Dwelling Fire Insurance
• And More