Homeowners Insurance

When you’re in your home, you want to feel safe and protected at all times. While being places of comfort, homes are also vulnerable to unforeseen incidents such as fires and theft. A homeowners insurance policy will help cover expenses if such an incident occurs.  

A home is where you can relax, feel safe and enjoy family and your treasured possessions. Sometimes though, an unfortunate event occurs that damages your home and belongings. Homeowners insurance can help you financially recover if a covered incident occurs, like fire or theft. This coverage protects your valuable investments and can give you peace of mind.

The agents at Saratoga Insurance Brokers are here to help homeowners in Westminster, Maryland. We can help you learn more about homeowners insurance policies so you can get the coverage you need. Visit our website to learn more today. 

What Is Homeowners Insurance? 
A homeowners insurance policy insures your home’s structure and your belongings in the event of a destructive event. Homeowners insurance policies generally cover destruction and damage to a residence’s interior and exterior, the loss or theft of possessions and personal liability for harm to others. For example, theft, damage and vandalism are commonly covered in homeowners insurance policies.  

What Does a Homeowners Insurance Policy Cover? 
Four types of coverage are usually included in a homeowners insurance policy. These coverages include: 

• Coverage for the home’s structure may help pay to repair or rebuild a home if it is damaged or destroyed by a covered disaster (e.g., fire, hail, lightning or another catastrophe). Usually, it won’t pay for damage caused by a flood, earthquake or routine wear and tear. 
• Coverage for personal belongings might help pay for furniture, clothing, sports equipment and other personal items stolen or destroyed by fire or another insured disaster. Expensive items such as jewelry and furs may also be covered, but policy limits are usually limited. You may consider a personal property endorsement or floater to insure these items for their appraised value.
• Liability protection might help cover medical bills and lawsuit costs for bodily injury or property damage that you or your family members cause to others, as well as third-party injuries sustained on your property. Your policy’s liability portion may also help pay for the cost of defending the policyholder in court and any court awards—up to your policy’s limit. 
• Additional living expenses may help pay for your costs if you need to live elsewhere due to damage to your home from a fire, storm or another covered disaster. Hotel bills, restaurant meals, and other living expenses incurred while your home is being rebuilt may also be covered. 

How Much Coverage Do I Need? 
Standard homeowners insurance offers protection against damage to your home’s structure, including fixtures, plumbing and heating. It would help if you bought enough insurance to cover the costs of rebuilding or repairing your home, minus the land cost.  

Is Homeowners Insurance Required in Maryland? 
No state requires homeowners insurance, including Maryland, but your mortgage lender could require you to have coverage before they finance your house. Regardless of not being required coverage, homeowners insurance gives you invaluable protection for your many assets if something devastating happens.  

Protect Your Home and Livelihood 
We help homeowners in Westminster, Maryland, get the coverage they need. Saratoga Insurance Brokers can also help you with a homeowners insurance policy or any additional coverage you want for your home and belongings. Call 410-781-6396 to speak with one of our team members.