There are many choices when it comes to Maryland home insurance. Some options are more economical than others. You may see a decrease in your premiums if you take Wind mitigation credits. Water backup coverage and Identity theft coverage may be options. All of these options offer homeowners great protection.
Wind mitigation credits lower home insurance rates
Wind mitigation credits can be a great way of lowering your Maryland home insurance premiums. These credits can reduce your home insurance premiums by up to 40 percent. These credits are given to homes with storm shutters or wind mitigation features. These features decrease the likelihood of a home being damaged by a hurricane.
Water backup coverage
Maryland homeowners can protect themselves against sewer backup by getting water backup coverage on their home insurance policy. Maryland law requires insurance companies to offer water backup coverage. This coverage can come in many limits depending on what your insurance needs are. The coverage will cover damages to water pipes from water back-up, but not the cost of replacing them or fixing them.
Identity theft coverage
Insurance against identity theft is a great option for homeowners looking to protect their identities from fraudulent individuals. This insurance can offer legal assistance and resolution services. It also reimburses you for lost wages and expenses that are incurred due to identity theft. You should also make sure to regularly check your bank records and credit reports to ensure they are not compromised. Identity theft can last months or even years, so it is important to have adequate protection.
Get Discounts
If you live in Maryland, you may want to look for discounts on home insurance. Insurance companies may offer discounts on certain features for your home, such as a house security system. You may be able lower your monthly premiums if you choose a higher deductible.
State Farm
State Farm is an insurance company for homeowners that was established by George Jacob Mecherle on 19-22. It offers more that 100 types of insurance, investment and banking products. It has over 58,000 employees and 19,000 independent agents. They insure almost 85 million homes throughout the United States. The policy categories include homeowners insurance. Renters insurance. Condominium insurance. Income property Insurance. They also offer insurance for manufactured homes, farms, personal articles, and insurance on personal items.
Travelers
Maryland residents might be interested to find out the cost of Travelers home insurance. You can get coverage for all types of property and you can also take advantage of a number of discounts. A discount can be applied to your premium if the home is green and you have installed security systems. If you own a LEED certified home, you can save even more money by purchasing green materials coverage.