There are many options when it comes to Maryland's home insurance. Some options might be more expensive 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.
Wind mitigation credits reduce home insurance rates
Maryland offers wind mitigation credits that can reduce your home-insurance premiums. These credits can reduce your home insurance premiums by up to 40 percent. These credits will be granted to homes with wind mitigation features such as storm shutters. These features reduce the possibility of a home becoming destroyed by a storm.
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 come in many limits depending on what your insurance needs are. This coverage will cover any damage caused by water backup, but not the costs of replacing the pipe or repairing it.
Insurance coverage for identity theft
Insurance against identity theft is a great option for homeowners looking to protect their identities from fraudulent individuals. It offers legal help and resolution services. Additionally, it reimburses you for lost wages or other expenses due to identity theft. You should also make sure to regularly check your bank records and credit reports to ensure they are not compromised. It is possible to be victim of identity theft for months, or even years. Therefore, it is crucial to have adequate protection.
Discounts
Maryland residents may be eligible to receive discounts on home insurance. Insurance companies may offer discounts on certain features for your home, such as a house security system. You may be able lower your monthly premiums if you choose a higher deductible.
State Farm
State Farm was established in 1922 by George Jacob Mecherle as a home-insurance company. It offers more then 100 different insurance products. It employs more than 58,000 people, and 19,000 independent agent to insure nearly 85,000,000 homes across the United States. The policies they offer include homeowners insurance as well as renters insurance, condo insurance, income property insurance, condo insurance, and insurance for manufactured and farm homes.
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. For example, if you have a green home and install a security system, you can receive a discount on your premium. Buy green materials coverage if you own a LEED-certified house.