Homeowners Insurance in Sanford, ME

Being in the top 10 states for the lowest homeowners insurance rates, Maine certainly offers plenty of affordable coverage options. Having home insurance is critical to protect against catastrophic losses relating to your property. Disasters like fire, lightning strikes, break-ins, and more can cost you a ton of money without the proper coverage on deck.

Luckily an independent insurance agent in Sanford can help you find the right type of homeowners insurance to protect against all these disasters. They'll get you matched to a policy long before you need to file a claim. But to start, here's a breakdown of homeowners insurance in Sanford, ME.

What Is Homeowners Insurance?

Homeowners insurance can reimburse you for losses after a property disaster like a fire, explosion, theft, etc. Coverage can pay for the repair or rebuilding of your home's structure or the replacement of your personal property if it gets damaged, destroyed, or stolen. Home insurance can protect you against lawsuits and even pay for a temporary residence if your home needs extensive repairs after a covered disaster. 

What Does Homeowners Insurance Cover in Sanford, ME?

Though you may require additional coverages in your policy, standard home insurance typically comes with:

• Contents coverage: Reimburses for the costs of repair or replacement of your contents like electronics, furniture, etc., after a listed peril like a lightning strike or theft.
• Additional living expenses: Reimburses for unexpected costs like hotel stays if your home gets badly damaged by a covered disaster, forcing you to temporarily live elsewhere.
• Dwelling coverage: Reimburses for the costs of repairs or rebuilding of the home's structure after a covered disaster like an explosion or falling object.
• Liability coverage: Reimburses for legal expenses if a third party sues you for personal property damage or bodily injury.

Your independent insurance agent in Sanford will help you build a homeowners insurance policy that does everything you need.

What's Not Covered by Homeowners Insurance in Sanford, ME?

A home insurance policy can protect your property and family against many disasters, but not just anything. 

These are a few examples of excluded incidents by home insurance policies:

• Damage or infestation of termites, insects, and pests
• Intentional/malicious acts against others by you/your family
• Natural earthquake or flood damage to your home
• Routine maintenance and general wear and tear costs
• Damage to your home by war or nuclear fallout

Separate flood insurance and earthquake insurance policies would have to be added to your home insurance to protect your home against these natural disasters. Your independent insurance agent in Sanford can help you add one or both of these policies.

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How Much Does Homeowners Insurance Cost in Sanford, ME?

Maine residents pay, on average, only $882 per year for their home insurance premiums. The current national average rate for homeowners insurance is $1,211 annually, so residents of Sanford can save quite a bit in comparison. The state of Maine even has the ninth-lowest rates currently for home insurance in the country.

The Most Common Home Disasters in Sanford, ME

Every area on the map has certain disasters it sees more commonly than others. Sanford, ME is no different. It's important to be familiar with what disasters impact your city the most so you can be better prepared for them.

The top most-common home disasters in Sanford, ME include:

1. Severe storms and lightning damage
2. Flooding and water damage
3. Heavy snow
4. Hurricanes and tropical storms
5. Burglary and other property crimes

After reviewing this list, you might want to check in with your independent insurance agent about adding flood insurance, if you haven't already. But your home insurance can protect against many of these other top disasters, including snow damage, lightning damage, and burglary.

Cheap Homeowners Insurance Near Me

You might want to pay a bit more for your home insurance to ensure it offers a high enough coverage limit to reimburse for an entire claim. It's also typical for home insurance policies with higher premiums to come with lower deductible amounts, meaning you'd pay less out of pocket for a claim before receiving reimbursement from the carrier. An independent insurance agent can provide even more insight into why you might not want to cheap out when it comes to home insurance, and which plans to go for on every budget.

What Are the Best Homeowners Insurance Companies in Sanford, ME?

Sanford, ME has many options when it comes to finding affordable, quality home insurance. Here are just a few of our top-rated picks for home insurance companies in your city.

Top Homeowners Insurance Companies in Sanford, ME	Star Rating
Stillwater
Foremost
MAPFRE Insurance
Progressive
Peerless

Why Work with an Independent Insurance Agent in Sanford, ME?

There's no such thing as a one-size-fits-all homeowners insurance policy. With a wide variety of products and options at your disposal, you can put together a solid home insurance package that's custom-built for you and your family.

Independent insurance agents can help you choose the right policies and options to meet your specific coverage needs. Because they're independent, these agents can work with several of the best homeowners insurance companies in Maine to find you the right coverage at a great price.