The threat of fire is what makes us double-check the stove and curling iron before we head out of house. You've worked hard to buy your Maryland home and to furnish it with the belongings you cherish. You don't want to see all of that hard work and effort go up in smoke. That's why you want to be sure that your insurance policies are adequate to cover you in the event of a fire.
Before you search for fire insurance quotes, however, there are several factors to consider.
According to the National Fire Protection Association:
National estimates for the major causes of fires in residential buildings for 2011, the most recent year data are available, are:
Unlike floods, earthquakes and other catastrophic events, your Maryland homeowners insurance policy should cover fire damage. But how do you know if that's enough protection?
The first thing you should do is to conduct an inventory of your personal possessions. Go room to room and total up the value of your electronics, furniture, books, jewelry, artwork and clothing. The total value amount should give you an idea of how much contents coverage you need to protect yourself, should your home and all you keep inside be destroyed by fire.
To adequately protect your vehicle from fire damage, it is a good idea to obtain comprehensive coverage on your car insurance. This coverage will help pay for any fire damage your car or truck sustains, should a fire start in your garage or the vehicle malfunctions and starts on fire.
Most Maryland insurance providers will give you an option between insuring your personal property at actual cash value or replacement cost. The difference between the two can mean the difference between a slow and painful recovery and a swift one.
Another important detail of your homeowners insurance policy and whether or not it is fire proof is the deductible you choose.
While a higher deductible may yield lower premium quotes, it is important not to choose a deductible that is too high. Should you need to file a claim for fire damage, your Maryland insurance company will demand that you meet the deductible before they start paying on your claim. Therefore, it's important to choose a deductible you can comfortably afford to pay.
There are a number of reasons why a home fire insurance claim may be denied by the Maryland provider, including:
You may be surprised to learn that with a few tweaks and a small adjustment to your deductible, you can find homeowners insurance that adequately protects you from devastating fire damage for little more than you are paying now.
It is highly recommended to review your homeowners insurance policy every two years to be certain your coverage is sufficient. During this review, take the opportunity to compare your current policy with other quotes from a variety of insurance companies. You may find better protection at a lower quote than what you are currently paying.
The last thing you want to worry about as you lead your family to safety during a house fire is whether or not you have adequate insurance to help you back on your feet. Knowledgeable, independent insurance agents on the Trusted Choice network are always available to answer your questions, suggest coverage options, and even assist you in filing a claim. These agents have years of experience working with Maryland insurance companies, enabling them to find you a number of quotes with the best coverage options at the most affordable rates. Contact a Trusted Choice member agent near you to find out how you can obtain a homeowners insurance policy with fire coverage that fits your needs and budget.