American Modern renters-insurance rate cut takes effect; Orange County average is 13.4%

Florida approved an average 12.8% decrease for American Modern Home HO-4 policies. The Orange County average is 13.4%. The change applies to new policies and renewals starting October 11. These are renters-insurance rates, not a statewide cut to landlords’ building insurance.

Published October 19, 2026 · Sion editorial

Florida’s Office of Insurance Regulation announced on October 2, 2026, that American Modern Home Insurance Company received approval for an average 12.8% reduction in HO-4 renters-insurance rates. The change took effect October 11 for new policies and renewals.

The regulator reported an average decrease of 13.4% for the company’s Orange County business. These are averages, not a guaranteed reduction for every tenant or every insurer.

HO-4 insurance protects a tenant’s belongings and provides personal-liability coverage. It does not insure the building structure, which requires the owner’s or landlord’s property coverage. Owners and tenants should distinguish these separate policies when reviewing expenses.

This report covers an October 2 announcement with an October 11 effective date; it is not a new rate announcement made today.