There are many options available for Maryland home insurance. Some options are more economical than others. Wind mitigation credits can reduce your premiums. Water backup coverage or Identity theft protection may also be worth considering. These are all great options for homeowners looking to protect their property.
Reduced home insurance rates due to wind mitigation credits
Wind mitigation credits are an excellent way to lower your Maryland home insurance premiums. These credits can save you forty percent or more. These credits are awarded to homes that include wind mitigation features like storm shutters. These features lower the risk of a home being destroyed by a hurricane.
Water backup coverage
Maryland homeowners can take steps to prevent sewer backup. They can also get water backup coverage through their home insurance policy. Maryland law requires insurance companies provide water backup coverage. This coverage can be purchased in different limits, depending on your insurance needs. This coverage will pay for any damages caused by water backup but it won't cover the costs of replacing or repairing the pipe.
Protect yourself against identity theft
If homeowners want to protect themselves from identity theft, they should consider insurance. It offers legal help and resolution services. Additionally, it reimburses you for lost wages or other expenses due to identity theft. It is also important to check your credit reports and bank records monthly to make sure they have not been compromised. The effects of identity theft can last for months, if not years. It is therefore important to have adequate protection.
Take Discounts
If you live in Maryland, you may want to look for discounts on home insurance. Some insurance carriers offer discounts for certain home features, such as a home security 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 than 100 different insurance products as well as investment and banking products. The company employs nearly 58,000 people and 19,000 outside agents. This allows them to insure close to 85 million houses 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 might be interested to find out the cost of Travelers home insurance. This company provides coverage for a variety of property types, and they have a variety of discounts, too. For example, if you have a green home and install a security system, you can receive a discount on your premium. Green materials coverage can help you save even more money if your home is LEED certified.