There are many options when it comes to Maryland's home insurance. There may be some options that are more affordable than others. Your premiums may be reduced by wind mitigation credits. Water backup coverage or Identity theft protection may also be worth considering. These are all excellent options for homeowners who want to protect their property.
Wind mitigation credits reduce home insurance rates
Wind mitigation credits are a great way to reduce your home insurance premiums in Maryland. These credits can be used to save as much as 40%. These credits are awarded to homes that include wind mitigation features like storm shutters. 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 that insurance companies offer water backup coverage. This coverage can be obtained in a range of limits, depending upon your insurance needs. The coverage covers damages due to water backup, but it doesn't cover costs associated with replacing or repairing the pipe.
Identity theft coverage
If homeowners want to protect themselves from identity theft, they should consider insurance. 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. Protecting yourself adequately against identity theft is essential.
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. Additionally, you might be able to lower monthly premiums by selecting a higher-deductible policy.
State Farm
State Farm is a home insurer company that was founded in 1922, by George Jacob Mecherle. It offers more that 100 types of insurance, investment and banking products. It employs more than 58,000 people, and 19,000 independent agent to insure nearly 85,000,000 homes across the United States. They offer homeowners insurance, renters insurance and condominium insurance. Income property insurance and insurance for manufactured houses, farms and personal items are also included in their policies.
Travelers
Maryland residents will be interested in the costs of Travelers' home insurance. You can get coverage for all types of property and you can also take advantage of a number of discounts. If you own a green home or have installed a security system, your premium can be reduced. Green materials coverage can help you save even more money if your home is LEED certified.