There are many options to choose from when you search for Maryland home insurance. Some options may be cheaper than others. Wind mitigation credits can reduce your premiums. 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.
Reduced home insurance rates due to wind mitigation credits
Maryland's wind mitigation credits can help you lower your home insurance premiums. These credits can be used to save as much as 40%. These credits are granted to homes that have storm shutters and other wind mitigation devices. These features reduce the chance of a house being destroyed by a hurricane.
Water backup coverage
Maryland residents can get water backup coverage on home insurance policies to protect themselves from sewer backup. Maryland law requires that insurance companies offer water backup coverage. This coverage can be purchased in different limits, depending on 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.
Protection against identity theft
Homeowners who want to safeguard their identity against fraudsters will find it a good option to get identity theft 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. To ensure that your bank and credit records are safe, it is important to review them monthly. Protecting yourself adequately against identity theft is essential.
Enjoy Discounts
Maryland residents may qualify for discounts when they purchase home insurance. Many insurance companies offer discounts for home features like a home security system. You may be able lower your monthly premiums if you choose a higher deductible.
State Farm
State Farm, a home insurance company, was founded by George Jacob Mecherle in 1922. 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. 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 will be interested in the costs of Travelers' home insurance. This company provides coverage for a variety of property types, and they have a variety of discounts, too. You can get a discount on your premium if you have a green house and have installed a security alarm system. Buy green materials coverage if you own a LEED-certified house.