Hendrickson Insurance
Hendrickson Insurance
Buying Florida property from out of state means your insurance has to be placed by someone who writes Florida, before closing, on terms the lender will accept. Most carriers that insure a house in Massachusetts, Illinois, Iowa or Wisconsin will not write a Florida home, and most Florida carriers will not write the house up north. Hendrickson Insurance in Sarasota writes both personal and commercial property for buyers coming from everywhere, and Dennis Hendrickson reads every application himself. This page is the buyer's checklist; the full programs are high net worth insurance in Florida and commercial building insurance in Florida.
The short version. Send the contract, the listing and the inspection reports as soon as you have them. The lender needs an insurance binder before closing; the carrier needs the roof year, the wind mitigation and four-point inspections, the flood zone and the rebuild value to issue one. A roof under 15 years old cannot be refused solely for age under section 627.7011(5) of the Florida Statutes; an older roof needs an inspection showing five years of useful life. The named storm deductible is a percentage of the insured value, not a flat dollar figure, and the lender may cap it. Flood is a separate policy everywhere in Florida, and NFIP coverage bought for a loan closing has no waiting period. Citizens is the state's last resort, not a plan. Start here.
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Two questions tell us whether we are the right fit. If we are, Dennis Hendrickson reads your application himself.
Get a Florida quote →The same order applies, with the lender's insurance requirements page added to the file: building at replacement cost with the lender as mortgagee, loss of rents, a named storm deductible the lender accepts, flood whenever any part of the building sits in a special flood hazard area, and 30 days notice of cancellation. Commercial nonresidential coverage from Citizens requires that no authorized insurer will make any offer at all, so the private market and the surplus lines market are shopped first; surplus lines placements carry Florida's 4.94 percent premium tax on top. An owner with centers in several states can keep the Florida building on the same schedule; see shopping center owners with properties in several states and the Florida commercial building hub.
Get a quote
Two questions tell us whether we are the right fit. If we are, Dennis Hendrickson reads your application himself.
Get a building quote →Hendrickson Insurance writes Florida property for buyers from every state. The Florida side is the hard side: a carrier's Florida appetite changes by county and by roof year, and the agent who reads Citizens' county numbers and the storm reports every month is the one who knows which carrier will take the house this quarter. Dennis Hendrickson managed shopping centers before he sold insurance and writes both the household and the commercial schedule for owners who bring both.
Usually not. Most carriers that write a primary home in the Northeast or Midwest do not write Florida, and most Florida carriers do not write the house up north. The private-client carriers (Chubb, PURE, Vault, Private Client Select, Berkley One) are the main exception for a qualifying household, and can sometimes write both homes on one account.
The day the contract is signed. The carrier needs the roof year, the wind mitigation and four-point inspections, the flood zone and the rebuild value to issue a binder, and the lender needs the binder before closing. Three weeks is comfortable; one week is possible with a complete file.
The NFIP's standard 30-day waiting period is waived when the policy is purchased in connection with a loan closing. Excess flood above the NFIP limits is placed at the same time.
A percentage of the insured value, commonly 2 to 5 percent, that applies per named storm before the policy pays. Many lenders cap the percentage or require a dollar figure; the requirements page in the loan documents says which, and the quote is built to it.
Yes. Hendrickson Insurance writes Florida property for buyers from every state, personal and commercial, and the Florida end is where the work is.
Apply online or call 941-957-2796. Have your current dec pages, roof year and inspections ready.
Dennis Hendrickson changed a New Jersey state tennis rule at 17 and played four years of Division I tennis at UNC Charlotte. Today he writes both the commercial and the personal insurance for Gulf Coast owners himself, and he works a renewal or a claim the way he played: nothing conceded, no point given away.
When you apply, he answers. Every application goes straight to Dennis. He reads it himself and responds the same business day in most cases, always within 48 hours.
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