Switching Homeowners Insurance Mid-Term in Florida — 2025 Rules
6 Min Read
Dec 15, 2025
🔄 Switching Homeowners Insurance Mid-Term in Florida — 2025 Rules
Updated December 2025 | by We Insure Downtown Miami
💡 Quick Summary
Florida law lets homeowners change insurance carriers anytime — even in the middle of a policy term.
The key is to follow the correct cancellation and refund process so you don’t lose coverage or money.
1️⃣ Why Homeowners Switch Carriers
💰 Find lower premiums after rate hikes
🏠 Need better coverage (flood, wind, liability)
💬 Unhappy with claim service or response time
⚙️ Mortgage escrow needs a new carrier after lender change
“You don’t have to wait for renewal — Florida gives you the right to choose better coverage at any time.”
2️⃣ Florida’s Official Rules for Mid-Term Cancellation
Under Florida Statute 627.4133:
A policyholder may cancel anytime by written request.
The insurer must refund unearned premium within 30 days.
The mortgage company must receive a copy of the new declarations page before old coverage ends.
There are no state penalties for switching, but some carriers charge a small admin fee ($25–$50).
3️⃣ Step-by-Step: How to Switch Home Insurance Safely
Step | Action | Timing |
|---|---|---|
1️⃣ | Get your new quote and confirm start date | Day 1 |
2️⃣ | Sign your new policy and pay first premium | Day 2 |
3️⃣ | Ask the new agent to send proof to your lender | Day 2-3 |
4️⃣ | Submit written cancellation to your old insurer | Day 3 |
5️⃣ | Receive prorated refund in 1–3 weeks | Day 10-20 |
🧠 Tip: Never cancel first — always start the new policy before ending the old one to avoid a lapse.
4️⃣ When It Makes Sense to Switch Mid-Term
Premium increase > 10 % after renewal notice
Added flood or umbrella coverage unavailable with current carrier
Poor claims handling after a storm
Home upgrades (roof, shutters, mitigation) qualify for better rates
Savings example: Many We Insure clients in Miami saved $400–$900 per year by switching mid-term after a new mitigation credit.
5️⃣ Frequently Asked Questions
Q1: Will my mortgage escrow be affected?
A: No — your lender just needs the new policy info. Your refund from the old policy may go back into your escrow account.
Q2: Do I lose coverage during the switch?
A: Not if your new policy’s start date equals or precedes the cancellation date of the old one.
Q3: Is there a fee to cancel mid-term?
A: Most insurers charge $25 – $50 max. We Insure helps file refund requests so you keep every eligible dollar.
6️⃣ Real Client Example
“Our premium jumped 20 % mid-year. We Insure found a new carrier, transferred escrow, and saved us $720 — no gap in coverage.”
— Julio & Ana, Miami homeowners
7️⃣ Call to Action
💬 Ready to switch and save?
We’ll compare your current coverage vs new carriers, handle lender updates, and cancel your old policy for you.
Get Your Switch Plan →
