When interviewing potential insurance companies, find out how long they have been in business. No Florida Homeowners insurance company can pay out large amounts of money to cover every home after a devastating disaster. Depending on the location of the home to be insured will be a contributing factor. When living on the coast, the premiums to cover the dwelling will be much higher because of the risk factor. Additionally, there is a higher risk of flooding due to a storm surge. However, living inland in the state of Florida, your risks are lower. Therefore, your premiums will be smaller to cover your home.