There are many choices when it comes to Maryland home insurance. Some options are more economical than others. Your premiums may be reduced by wind mitigation credits. Water backup coverage, or Identity theft coverage might be something you want to look into. These are all great options for homeowners looking to protect their property.
Wind mitigation credits decrease home insurance rates
Maryland's wind mitigation credits can help you lower your 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 lower the chance that a home will be destroyed by hurricanes.
Water backup coverage
Maryland homeowners can ensure their safety from sewer backup by obtaining water backup coverage on the policy they have. Maryland law requires all insurance companies to provide water backup coverage. This coverage is available in various limits to suit your insurance needs. This coverage will cover any damage caused by water backup, but not the costs of replacing the pipe or repairing it.
Insurance coverage for identity theft
For homeowners who wish to protect their identity from fraudsters, identity theft insurance is a great choice. It can provide legal assistance and resolution services, and reimburses you for any lost wages or expenses incurred as a result of identity theft. You should also make sure to regularly check your bank records and credit reports to ensure they are not compromised. Protecting yourself adequately against identity theft is essential.
Enjoy Discounts
Maryland residents may be eligible for discounts on their home insurance. Some insurance carriers offer discounts for certain home features, such as a home security system. In addition, you may also be able to lower your monthly premiums by choosing a higher deductible.
State Farm
State Farm is a home insurance company founded in 1922 by George Jacob Mecherle. It offers more that 100 types of insurance, investment and banking products. It employs over 58,000 people and 19,000 independent agents to insure nearly 85 million homes across 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. For example, if you have a green home and install a security system, you can receive a discount on your premium. Purchase green materials coverage to save even further money if your home has been certified LEED.