Looking to save a bit more money on your homeowner insurance quote in Maine for your house, condo, or mobile home? Homeowner insurance coverage in Maine is one of the most affordable insurance rates in the U.S. The cost of annual premiums is in the range of $561 to $573.

The lower premiums are due to the fact that Maine experiences relatively few natural disasters and, as a consequence, lesser weather-related damage. Sadly, however, because the state is not disaster-prone, not all residents see the importance of getting homeowner insurance in Maine.

Just by the very reason that the premiums are affordable, there is no reasonable excuse not to get even a basic policy. Mortgage lenders, for example, would not put at risk their investment in a property that has yet to be paid off, so they will not approve loans without homeowner insurance that meets their specific requirements.

The standard homeowner insurance policy in Maine provides coverage for perils such as weather damage, including ice and snow storms which are common in the state during winter, and wind damage caused by occasional hurricanes especially in coastal areas. Also included in the basic policy is Liability and Medical Expense Coverage in case of physical injury and property damage to other homeowners.

While the standard policy may seem sufficient to cover damages caused by weather, fire, vandalism, or theft, there are special coverage that could be added to the basic policy to ensure greater protection.

These extra coverage are:

· Flood Insurance – Which is purchased as a separate policy from the insurance provider or from the National Flood Insurance Program

· Earthquake Insurance – Although earthquakes are rare in Maine, one could get this special coverage added to the basic policy at an extra cost

· Personal Property Riders – Covers personal belongings of exceptionally high values. Coverage for certain items, such as jewelry, is limited up to a fixed amount. If the value of the item exceeds this limit, the homeowner would have to shoulder the excess cost if the item is lost and needs to be replaced. It may be necessary to shell out more money in order for valuable items to be adequately protected.

· Umbrella Liability Coverage – Provides additional liability protection for homeowner and car insurance coverage

Despite the low cost of premiums, homeowners still consider ways on how to lower their insurance rates. This could be accomplished by comparing quotes from various insurance providers in the area and then buying a policy from just one company that could provide the right coverage at the premium that the homeowner could afford. Another way is by increasing the deductibles in the policy, but this measure could backfire on the homeowner if he sets the deductibles too high so that he ends up shouldering the greater financial burden in the claim. A third way of lowering premiums is by installing protective devices and security alarms in the home.

While Maine may seem like a natural calamity-free state, disasters could still come in other forms such as fire, theft and vandalism. Why put the home at risk? It is best to get homeowner insurance in Maine in order to protect one’s investment in his or her own home. Such a large portion of our time and money goes into your home, it is smart to cover it as well as you can afford to.


Find  homeowner insurance rates in each of these Maine cities

Auburn – Augusta – Bangor – Bath – Belfast – Berwick – Biddeford – Brewer – Brunswick – Buxton – Cape Elizabeth – Caribou – Cumberland – Ellsworth – Fairfield – Falmouth – Farmington – Freeport – Gardiner – Gorham – Gray – Hampden – Houlton – Kennebunk – Kittery – Lewiston – Lisbon – Old Orchard Beach – Old Town – Orono – Portland – Presque Isle – Rockland – Rumford – Saco – Sanford – Scarborough – Skowhegan – South Berwick – South Portland – Standish – Topsham – Waterboro – Waterville – Wells – Westbrook – Windham – Winslow – Winthrop – Yarmouth – York

Homeowner insurance in Maine provides coverage in the event of damage to your property from theft, fire, floods, and natural disasters as well as protects you from liability for injuries or damage caused to people on your property. The right homeowner insurance plan  can help you make the best choices about this important protection for you and your family. Get free quotes on homeowner insurance in Maine above.

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