Maryland Homeowners Insurance – How to Get the Best Rate

Maryland Homeowners Insurance – How to Get the Best Rate

Maryland Homeowners Insurance – How to Get the Best Rate

Buying homeowners insurance in Maryland can be expensive … unless you know what to do and where to go to get discount rates. Here are four tips that will help you save big bucks on your homeowners insurance.

Maryland Homeowners Insurance

Homeowners insurance is a necessity if you want to insure that your house and your belongings are safe from fire, theft, vandalism, and weather damage. Homeowners insurance not only protects your home and your personal property, it also protects you from lawsuits when people hurt themselves in your home.

Money-Saving Tips

1. Insure your home, not your land. When you buy a home your mortgage company probably based your homeowners insurance on the appraised value of your home. Appraisals include the value of your land, which you don’t need to insure.

To get the amount of homeowners insurance you need, ask a local builder how much it would cost to rebuild it and use that figure.

2. Get the highest deductible you can afford. For instance, raising your deductible from 0 to ,000 will save you up to 25% on your annual premium. Raising your deductible also prevents you from filing excessive claims which can cause your insurance company to cancel your policy.

3. Combine you home and auto insurance. Purchasing your home and your