Homeowners Insurance in Orlando, FL

Homeowners insurance, also called home insurance, can help protect your financial assets if your house is damaged or destroyed. Finding the right homeowners insurance policy is crucial to managing the risks associated with homeownership. Contact Florida Insurance Group in Orlando, Florida, to learn more about homeowners insurance coverage.

What Does Homeowners Insurance Cover?

Policies may vary, but typically home insurance will help pay for damage to your home, its contents and other structures on your property. Common examples of home insurance coverages include the following:

• Dwelling coverage can help pay for repairs or replacements if the structure of your home is damaged by a covered peril.
• Other structures coverage can help cover expenses if additional structures on your property (e.g., detached garages and gazebos) are damaged from a covered loss.
• Personal property coverage can help pay for damage to your personal belongings from a covered peril.
• Personal liability coverage can help pay for costs (e.g., medical bills and legal fees) if you’re liable for causing third-party bodily injury or property damage.
• Additional living expenses can help pay for your extra living expenses (e.g., laundry and hotel stays) if you have to leave your home temporarily due to a covered loss.

Additional coverage may be available. If you live in a high-risk flood zone, ask your insurance agent if you could benefit from a separate flood insurance policy or contact Florida Insurance Group today.

How Much Homeowners Insurance Do I Need?

Although not legally required, home insurance is mandated by many mortgage lenders. Your mortgage lender may require certain coverages and amounts. Even if homeowners insurance isn’t required, you should consider buying at least enough home insurance to rebuild your home and replace your possessions.

The agents at Florida Insurance Group can help you evaluate your insurance needs. Contact us today.

Do I Buy Homeowners Insurance Before Closing?

If you’re financing your home, you will typically need to provide proof of homeowners insurance before you can close on your home. You should begin shopping for homeowners insurance at least three weeks before closing to ensure you have enough time to compare homeowners insurance quotes and buy the right policy for your needs.

Is Homeowners Insurance Paid in Advance?

You may be required to pay your first homeowners insurance payment upfront as part of your closing costs. The total amount of home insurance premiums you must pay may vary with your mortgage lender. In some cases, you may be required to pay enough to cover your first year of premiums when you close on your home.

How Much Does Homeowners Insurance Cost?

The price of your homeowners insurance may vary with numerous factors (e.g., your zip code, coverage amounts and claims history). Contact Florida Insurance Group for a personalized homeowners insurance quote.