There are many options when it comes to Maryland's home insurance. Some options may be more cost-effective than others. You might be able to lower your premiums by using Wind mitigation credits. Water backup coverage is also an option. All of these options offer homeowners great protection.
Wind mitigation credits lower home insurance rates
Wind mitigation credits are an excellent way to lower your Maryland home insurance premiums. These credits can help you save up to 40%. These credits are granted to homes that have storm shutters and other wind mitigation devices. 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 provide water backup coverage. This coverage is available in various limits to suit your insurance needs. The coverage will cover damages to water pipes from water back-up, but not the cost of replacing them or fixing them.
Insurance coverage for identity theft
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. Also, make sure you check your credit reports and bank records every month to ensure they aren't compromised. The effects of identity theft can last for months, if not years. It is therefore important to have adequate protection.
Discounts
Maryland residents might be interested in home insurance discounts. You may be eligible for discounts from certain insurance companies, such a home security alarm system. Also, you may be eligible to lower your monthly premiums simply by choosing a higher deductible.
State Farm
State Farm is a home insurance company founded in 1922 by George Jacob Mecherle. It offers more 100 products in addition to investment and bank products. It employs over 58,000 people and 19,000 independent agents to insure nearly 85 million homes across the United States. Their policies include homeowners insurance, renters insurance, condominium insurance, income property insurance, and insurance for manufactured homes, farms, and personal articles.
Travelers
Maryland residents may be interested in learning how much Travelers home-insurance costs. The company offers coverage for many types of properties and also offers discounts. Your premium may be discounted if your home is environmentally friendly and has a security system. Green materials coverage can help you save even more money if your home is LEED certified.