How to Calculate Home Insurance in Maryland
Homeowners rates vary with each individual property. Some factors that determine your rate include your home’s:
- Replacement cost: The higher the cost of replacing your home after a loss, the more expensive your rate will be.
- Coverage limits: The higher your coverage limits are, the higher your cost of homeowners insurance.
- Age: Older homes can be more expensive to replace because of their unique construction techniques.
- Location: The location of your home helps to determine your rate, including whether you live in a city or near water.
Maryland Homeowners Insurance Coverages
We’ve been helping Maryland homeowners protect their property for years. Coverage options that come with our homeowners insurance packages include:
On top of these, you can add additional coverages to help customize your Maryland home insurance policy, including:
To learn more about these coverages and other ways to customize your policy, call our representatives today at
877-422-2345.
Water Damage and Flood Insurance in Maryland
Maryland residents can face heavy rains and flash flooding. Water damage caused by flooding is not covered by your Maryland homeowners insurance. Instead, you can buy a separate
flood insurance policy for peace of mind through the National Flood Insurance Program (NFIP). Without flood insurance, your home insurance company won’t cover damages if you file a claim.
Wind Mitigation Credits on Home Insurance in Maryland
Maryland can experience heavy winds. But if you have your home inspected and certified, you may be able to earn wind mitigation credits, which decrease your home insurance rate. These credits are discounts given to homes that have added protection for wind damage, like storm shutters.
Remember, these credits only help your average annual insurance premium go down. You won’t receive a rate increase because you don’t have these discounts.
Get a Fast and Free Quote for Home Insurance in Maryland
As you look for homeowners insurance quotes, remember the cheapest insurance companies in Maryland may not be the best. Comparing rates will help make sure you get the most for your money. Just make sure you’re also researching everything the policy offers for protection.
Learn more by getting a
home insurance quote online today or by calling us at
877-422-2345. Our representatives consistently receive positive reviews for customer service.* You can count on them to help you find the coverage you need and the insurance discounts you deserve.
Last Updated: June 22, 2023
2 Bankrate, “Best homeowners insurance in Maryland for 2023”
3 Insurance Information Institute (III), “Average Premiums for Homeowners and Renters Insurance by State, 2019”
4 Medical benefits are calculated on the basis of usual, customary and reasonable charges.
5 Does not provide coverage for water damage caused by direct or indirect flooding. Also does not provide coverage for water backup of sewers or drain, or overflow or discharge of a sump pump if it’s caused by flooding.
6 For an additional cost, you can get property protection for water backup or sump overflow that is not caused by flood or surface water. The Hartford’s basic coverage amount is $5,000 and other amounts may also be available. Contact your agent or a Hartford representative for further state-specific information about this coverage.
From mountains to farmland to beaches, Maryland has it all. And depending on the time of year, residents in the Old Line State can experience all types of weather, too. That’s why homeowners insurance in Maryland is important to help protect against property damage when severe storms come. Through the AARP® Homeowners Insurance Program from The Hartford,1 you can get you the coverage you need no matter where you are in the state, including Baltimore, Columbia, Germantown or Silver Spring.**
The state of Maryland doesn’t require that you have homeowners insurance. However, your mortgage lender might because they want to make sure you’ve protected your home until your loan is paid off.