There are many options when it comes to Maryland's home insurance. There may be some options that are more affordable than others. Wind mitigation credits can reduce your premiums. Water backup coverage or Identity theft protection may also be worth considering. All these are great options for homeowners who want protection for their property.
Reduced home insurance rates due to wind mitigation credits
Maryland offers wind mitigation credits that can reduce your home-insurance premiums. These credits can save you forty percent or more. These credits can be awarded to homes that have storm shutters, which are wind mitigation measures. These features reduce the possibility of a home becoming destroyed by a storm.
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 is available in various limits to suit your insurance needs. Water backup damages are covered, but the coverage does not cover costs for replacing or repairing pipes.
Protection against 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. It is also important to check your credit reports and bank records monthly to make sure they have not been compromised. Protecting yourself adequately against identity theft is essential.
Discounts
Maryland residents may be eligible for discounts on their home insurance. Insurance companies may offer discounts on certain features for your home, such as a house security system. In addition, you may also be able to lower your monthly premiums by choosing 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 then 100 different insurance products. It has over 58,000 employees and 19,000 independent agents. They insure almost 85 million homes throughout the United States. It offers homeowners insurance and renters insurance. Condominium insurance, renters, condo insurance, income-property insurance, as well insurance for manufactured homes, farms and personal property.
Travelers
Maryland residents might be interested to find out the cost of Travelers home insurance. This company covers a wide range of property types. They also offer a variety discount options. If you own a green home or have installed a security system, your premium can be reduced. You can save even more money if you have a LEED-certified home.