subject: Insurance Agents Can Help Reduce Home Insurance Maryland Premiums [print this page] Insurance agents for home insurance Maryland are specialists in their field and full of useful information that can save homeowners thousands of dollars. Everyone knows these professionals are ready, willing and able to assist when someone is looking for insurance or has a claim. Smart people use the knowledge and expertise of their agent to get the insurance coverage they need, reduce their insurance premiums and protect their home.
People looking for insurance know the purchase price of their home, and they may be aware of the current market value of the house. Replacement cost homeowners insurance is more expensive because the cost of rebuilding or repairing the house is usually much higher than replacing a home. Replacement cost insurance protects people from having to pay a large portion of any repairs due to a covered event like fire. Most policies have a general content coverage on personal belongings, which sounds generous until the policyholder reads the maximum amount under some of the coverage. Electronics may be limited to $2500 or $5000; this may not replace the surround sound TV room, the huge plasma TV or five computers with specialized gaming and video capabilities used by the teenagers. Many people have collections worth $10,000; the maximum amount of coverage may be $2500 without a special rider.
There are many ways to save money on insurance premiums. Insurance agents can provide a list of discounts available. Combining a homeowners and automobile policy will reduce the premiums up to 10 to 20% on each. Increasing the amount of deductible homeowners are willing to pay decreases the risk for insurance companies. An insurance agent for home insurance Maryland can really assist with the condition of the building and security features. A house with a new roof, updated electrical or updated plumbing may qualify for better premiums because the insurers risk has been reduced. Adding a security system may reduce the premiums 10 to 20%; the homeowner is actively protecting his property. Even adding deadbolt locks to the front and back doors, locks on all windows and installing motion detector lights around the perimeter may impress an insurance provider. Installing a fire sprinkler system may pay for itself over the course of years.
When homeowners take these types of precautions, they not only lower their insurance costs, they protect their belongings and their loved ones. Thieves like homes that are easy to enter unnoticed, preferably in the dark. Signs in the yard stating, "Protected by a home monitoring security system" may send these people of opportunity to a different place that is less secure and protected.
With planning and assistance from an insurance agent, homeowners with home insurance Maryland can protect their property, their loved ones and lower their insurance cost at the same time. This is a win -- win situation.
Insurance Agents Can Help Reduce Home Insurance Maryland Premiums
By: Renee Walker
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