Miami, FL

631 NE 72nd Terrace Condo: Renters Insurance Guide & What It Actually Costs

Last updated May 10, 2026

Looking for the best renters insurance for 631 NE 72nd Terrace Condo in Miami? We break down what the lease requires, what coverage actually costs here (~$17/mo), the 4 discounts that may apply, and how the major carriers compare for your zip.

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Renters Insurance at 631 NE 72nd Terrace Condo

What Affects Your Premium Here

Every building is different. These factors specific to 631 NE 72nd Terrace Condo can push your insurance cost up or down:

Open Access

No gated or controlled access — higher theft exposure

Dog-Friendly

Dogs allowed — consider higher liability coverage

FEMA Flood Zone

Zone X — minimal flood risk

FBI UCR

Property crime rate: 2477/100K (57% above national average)

What You'll Likely Pay

$17

Est. Monthly

$206

Est. Annual

$16

State Avg/mo

How Much Coverage Makes Sense

Renters insurance has two main pieces: personal property coverage, which pays to replace your belongings if they're stolen or damaged (think furniture, electronics, clothes), and liability coverage, which protects you if someone gets hurt in your unit or you accidentally damage someone else's property. Here's what we'd recommend for 631 NE 72nd Terrace Condo based on the rent level and building features.

Personal Property

What your stuff is worth

$30,000 recommended

If you own less

$20,000

If you own more

$50,000

Liability

Covers accidental harm & lawsuits

$300,000 recommended

Dog-friendly community — higher liability recommended for pet-related incidents

How Carriers Compare for This Area

Not all carriers price the same zip code equally. Here's how the major options stack up near 631 NE 72nd Terrace Condo:

Carrier Monthly Annual
Lemonade $10/mo $118/yr
USAA $11/mo $132/yr
State Farm $15/mo $176/yr
Progressive $16/mo $191/yr
Safeco $16/mo $191/yr
Travelers $17/mo $206/yr
Allstate $18/mo $220/yr
Nationwide $18/mo $220/yr
Farmers $20/mo $235/yr
Liberty Mutual $22/mo $264/yr

Discounts You May Qualify For

Claims-free (if applicable)
-10%
Pay-in-full annual
-7%
Paperless/autopay
-3%
Multi-policy bundle
-10%

Next Step

See if you can beat $17/mo

4 discounts may apply here. Real quotes show your actual price — estimates can't.

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Property Crime & Theft Risk

Renters insurance pricing is driven by property crime — theft, burglary, and vehicle break-ins — not violent crime. Here's what the FBI's Uniform Crime Reporting data shows for Miami.

Miami property crime rate

2,477

per 100K residents

57% above U.S. avg

U.S. avg is 1,578 per 100K

Breakdown per 100K residents

Burglary
232 / 200
Larceny / theft
1,994 / 1,172
Vehicle theft
252 / 206

U.S. average

Higher-than-average property crime is why insurance carriers charge more in this zip code — your premium reflects the claims frequency for the area.

Source: FBI UCR Program, Miami (2024-12 to 2025-11)

What Residents Are Saying

Based on Google reviews, here are the issues residents mention most often — and the ones that matter when choosing your coverage. Longer bars indicate more frequent discussion.

Maintenance Issues Mentioned

Natural Hazards & Your Renters Coverage

The natural-hazard exposure at 631 NE 72nd Terrace Condo is mild on every dimension a renter typically cares about. FEMA's flood zone for this address is low-risk, USGS rates seismic activity as low, and severe-weather records for Miami-Dade County are unremarkable. Standard renters insurance handles the everyday claims (theft, fire, wind, water damage from leaks) without any add-ons. Specifics below for the curious.

Flood damage

This address is in one of FEMA's lower flood-risk classifications. Standard renters policies don't cover flood damage anywhere, but in low-risk zones the cost of a separate NFIP policy generally isn't justified by the expected loss. The detail is below mostly for completeness.

FEMA Zone X (0.2 Pct Annual Chance Flood Hazard) — Minimal flood risk

Flood insurance optional but inexpensive in this zone.

Flood zone data from FEMA National Flood Hazard Layer (NFHL). Zones can change — verify at FEMA Flood Map Service.

Earthquake shaking

Earthquakes happen rarely enough at this location that an earthquake-specific endorsement isn't a meaningful insurance decision. A baseline renters policy still covers the claims you'd actually file. The USGS-level detail is included below mostly for thoroughness.

Low seismic hazard · ground motion 0.02g

Skipping the endorsement is a defensible choice at this hazard level. Theft, fire, lightning, and most water damage stay covered under your standard renters policy regardless.

Hazard data from USGS National Seismic Hazard Model. The ground-motion figure is the level USGS expects to be exceeded with about 2% probability over a 50-year horizon — the standard reference used in building codes.

Severe weather you'd actually claim for

Severe-weather activity in Miami-Dade County is at the low end. Standard renters insurance already covers wind and hail damage to your stuff, so the data below is more context than coverage gap.

High-wind events ~8.6/yr
Hail events ~4.6/yr
Tornado events ~1.4/yr
Flood events ~16.4/yr

Source: NOAA Storm Events Database, annual averages from the past five years for Miami-Dade County. Counts reflect reported events, not damage amounts.

The bottom line: a standard renters policy at this address is sufficient. None of the optional natural-hazard endorsements pay back at meaningful odds.

631 NE 72nd Terrace, Miami, FL 33138

Upper East Side North

4.4/5 ·23 reviews Google
From $1,700 /month

Monthly Cost Breakdown at 631 NE 72nd Terrace Condo

The listed rent isn't the whole number. Here's what 631 NE 72nd Terrace Condo actually costs each month once you add required fees and insurance.

Total Monthly Cost $1,717
Base Rent $1,700
Est. Renters Insurance $17/mo

Fees Beyond Rent

These are the additional charges beyond base rent at 631 NE 72nd Terrace Condo. Some are monthly, some are one-time — all of them affect your actual cost of living here.

Required Fees

Security Deposit - Refundable

Charged per unit.

$3,500

Pet Policy

Bringing a pet? Here's what 631 NE 72nd Terrace Condo allows — and keep in mind, if you have a dog, most insurance advisors recommend bumping your liability coverage to at least $300,000. Standard renters policies cover pet-related incidents, but the default $100,000 limit may not be enough if something happens.

Cats and Dogs Allowed

About 631 NE 72nd Terrace Condo

Phone: (305) 904-7033

From the property listing:

Property Id: 1611124 Beautiful well kept property located in Miami Shores -close to dining and shopping options -laundry on site -lots of parking on street or parking spots at the back of the building -management and handiman always available Very friendly property, great atmosphere of tenants

Frequently Asked Questions

Does 631 NE 72nd Terrace Condo require renters insurance?
We didn't find a public insurance requirement for 631 NE 72nd Terrace Condo, but that doesn't mean there isn't one. Many communities add the requirement during lease signing. It's worth asking the leasing office directly — and even if it's not required, a policy typically runs under $20/month and covers you against theft, fire, and liability.
How much is renters insurance at 631 NE 72nd Terrace Condo?
For this zip code and building type, expect to pay around $17/month ($206/year). For context, the statewide average is $16/month, so this building is right around average.
What will I actually pay per month at 631 NE 72nd Terrace Condo?
Plan for about $1,717/month all-in. That's base rent (From $1,700), plus roughly $17/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
Does 631 NE 72nd Terrace Condo allow pets?
Yes, 631 NE 72nd Terrace Condo is pet-friendly. Here are the details: . Cats and Dogs Allowed. If you have a pet, keep in mind that most renters insurance policies cover pet liability — but you may want to increase your liability limit, especially for larger breeds.
How safe is the area around 631 NE 72nd Terrace Condo?
Property crime in Miami runs noticeably higher than the national average — 2,477 incidents per 100,000 residents versus the U.S. average of 1,578. That's the metric insurance carriers care about most for renters coverage, since property crime (theft, burglary, vehicle break-ins) drives most claims. Burglary specifically is 232/100K here.
Is SafeButler affiliated with 631 NE 72nd Terrace Condo?
No. SafeButler is not affiliated with 631 NE 72nd Terrace Condo or its leasing office, property management, or owner — this page is not the official renters insurance page from 631 NE 72nd Terrace Condo. SafeButler is an independent renters insurance comparison platform; the information shown here is compiled from public sources and renter quote data, not from 631 NE 72nd Terrace Condo directly. For lease, payment, or maintenance questions, contact the 631 NE 72nd Terrace Condo leasing office.
What is SafeButler and how does it work for 631 NE 72nd Terrace Condo renters?
SafeButler helps renters at 631 NE 72nd Terrace Condo compare renters insurance options for their lease. On this page, renters can find lease-required coverage minimums where available, an estimated monthly premium for this address, the property's risk profile (crime and flood zone), and any discounts that apply to the building — then compare carriers side by side to find appropriate coverage levels. For renters at 631 NE 72nd Terrace Condo in Miami, FL, SafeButler can compare price, coverage, deductible options, and any lease-required coverage minimums in a single flow. SafeButler may show quotes from carriers such as Lemonade and Liberty Mutual where available. SafeButler does not sell insurance directly and is not tied to one insurance company, so renters can choose the option that best fits their needs.

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Disclaimer

The information on this page — including rent prices, fees, floor plans, amenities, insurance requirements, and safety data — is collected from publicly available sources and may not reflect the most current details. Apartment communities may update their offerings, policies, and pricing at any time. Always confirm details directly with the leasing office or the community's official website before making any decisions.

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