Getting Great Rates Online for Maryland Homeowners' Insurance

Getting Great Rates Online for Maryland Homeowners' Insurance

Even though the state of Maryland does not require homeowners to purchase homeowner's insurance, if your home is financed then your mortgage holder will force you to buy homeowner's insurance. Just keep in mind that while your mortgage company may have the legal right to require you to buy and maintain homeowner's insurance, it does not have the right to tell you which insurance policy you must buy or from which insurance company.

This means you are free to get online and compare different policies and their prices head-to-head until you find the absolutely best deal on homeowner's insurance here in Maryland.

Before you jump online and start filling out forms there are a few things you might like to know that can help to keep your rates even lower.

First, your policy needs to be large enough to cover the true replacement cost of your home and its contents in the event that you need to rebuild everything from the foundation up in today's dollars.

The only way you can know for certain what the replacement cost of your home is is to talk with a local contractor or a knowledgeable real estate agent and then take out a policy that covers the full replacement cost of your home and its contents - but do not insure for the value of your land. Your home needs to be replaced - not your land.

Fire and theft are the two biggest concerns for any insurance company writing a homeowner's policy. Address those two concerns and you can reduce the cost of your monthly premiums.

Start on the outside of your home. Clear brush and weeds back at least ten feet away from any structure on your property. Clear away any trash.

Also trim bushes around windows so there are no hiding places for burglars as they do their dirty work. Install motion-sensor lights.

All exterior doors need working deadbolts and all outside windows, regardless of which storey they are on, need a working lock.

Inside your home make certain that you have a sufficient number of fire and smoke detectors on every floor and that they are all installed properly and all are working. Replace batteries twice yearly - many people replace batteries routinely on the days that clocks are set ahead or back an hour.

Your kitchen needs a working fire extinguisher of the proper type for a household kitchen.

Once you have made your home as fire and burglar-proof as possible it's time to get online and find several of the multitude of websites that allow you to quickly and easily compare homeowner policies and their prices across a wide range of insurance companies.

If you really and truly want to get the cheapest homeowner's insurance online, then you need to fill out the forms on at least two and preferably three different comparison sites. The reason is that each site only compares a handful of companies; by comparing multiple sites you will end up comparing more companies and assuring yourself that you actually have gotten the cheapest homeowner's insurance online in the entire state of Maryland.

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