Heritage Home Insurance Review

Is Heritage a good home insurance company?

Florida-based Heritage offers standard home insurance policies with a few good perks like replacement cost coverage for your belongings and identity theft protection. Customers also seem happy with Heritage, based on its great complaint rating from the National Association of Insurance Commissioners (NAIC).

On the downside, its home insurance rates are above the national average, and it doesn’t offer some of the modern conveniences many other companies offer like a phone app.

While Heritage’s main region is Florida, it also sells home insurance in 15 other states .

How much is Heritage home insurance?

Heritage’s average annual rate for homeowners insurance is $4,403 a year in Florida, its primary territory. This is 13% higher than the Florida state average of $3,889 a year, and 39% higher than the national average of $2,801.

Heritage rates compared to other companies

Your final home insurance quote from Heritage is based on several different factors, including:

Factors like your home’s age, materials and ZIP code carry different risk weights among different companies. For example, one company may see your ZIP code as a bigger risk than another company and charge you more because of it. This is why it’s important to compare home insurance quotes from several companies before you buy or renew a policy.

Heritage home insurance cost and dwelling coverage

Raising your home insurance policy’s dwelling coverage raises your annual rate. The average rate of a Heritage home insurance policy with a $350,000 dwelling limit is $3,818 a year. If you raise your dwelling coverage to $400,000, the average rate goes up to $4,403 a year — a 15% increase.

Heritage rates by coverage limit

You want your dwelling coverage limit to cover a complete rebuild of your home. If you can afford it, make sure your chosen limit will also cover issues like debris removal and code-mandated upgrades for the rebuild.

What does Heritage home insurance cover?

A Heritage home insurance policy covers the structure of your home, external structures on the property, your belongings and more.

Dwelling coverage

Dwelling coverage is the core part of a home insurance policy that covers the repair or rebuild of your house after a covered loss, like fire or theft. It covers the structure of your home, including the siding, roof, windows and interior parts like cabinetry and flooring.

Other structures

This coverage type pays out when structures outside your home are damaged, like sheds and patios. Heritage also offers optional coverage for pool houses and guest houses.

Personal property coverage

Personal property coverage helps you replace clothing, electronic devices, furniture and other belongings after a covered loss.

A Heritage home insurance policy covers personal property at actual cash value. This means if your belongings are damaged, their age and wear and tear will impact your payout.

Heritage offers optional coverage for high-value items like jewelry and art. It also has optional replacement cost coverage for personal property, which means it’ll cover the cost to replace the item without factoring in age or wear and tear.

Liability coverage

Liability coverage helps pay the medical bills of someone who is injured on your property. It also covers property damage you cause, as well as legal fees for lawsuits tied to either incident.

Medical payments

Medical payments coverage also pays the health care bills of others who are injured on your property. This type of coverage usually pays out after the injured person’s health insurance reaches its limit.

Loss of Use

Also known as “additional living expenses,” this coverage pays the extra costs that are tied to relocating while your home is being repaired after certain events. This coverage can help pay for:

Optional coverages from Heritage

Heritage offers a couple of useful add-on coverages that can help you customize your home insurance policy, including coverage for equipment breakdown and identity theft.

Equipment breakdown coverage

This coverage type helps pay for the breakdown of electrical, mechanical or pressure systems in your home, including:

Identity theft coverage

Heritage’s ID theft coverage offers free credit monitoring. It can also help you file police reports and pay for repairs tied to ID theft damage.