When purchasing a new home, homeowner’s insurance is an important aspect of the process. Much like car insurance, homeowner’s insurance offers security in the face of accidents or disasters. Many insurance companies and agencies offer policies to protect your home and your belongings, but it’s always best to research for the options that are right for you and your situation. If you’re looking for options for homeowners insurance Mount Dora FL, read on to learn more about protecting your house and assets.

Protect Your New Investment

While some details within an insurance policy can vary based on a company, a comprehensive homeowner’s insurance should protect the residence, including the contents inside the home and personal property of the owner, from damage, loss, or natural disaster. If your home becomes damaged and unusable at any time, a good policy will also cover the cost of any additional living expenses necessary if you must stay in a hotel or other living quarters. Homeowner’s insurance should also protect a homeowner from liability if an accident should occur on your property. The personal liability portion of a policy will allow medical payments to a person injured at your home if necessary.

Cost of Insurance Policies

The average cost of a homeowner’s insurance policy varies from state to state and can range from a few hundred to a few thousand dollars. State of residency isn’t the only factor that can affect how much you pay annually towards your policy. The following are factors that insurance companies also take into consideration when creating a policy:

• The value of the home and any valuable personal belongings
• The age of the home
• Property variables that can increase liability like a pool or uneven walkway

With proper research, the right policy can give you peace of mind when it comes to protecting your new home and family.