Homeowners Insurance in Chevy Chase, MD

Experts detail the best home insurance companies near you, which coverages you need, and more in in Chevy Chase, MD

Estate with a large swimming pool. Homeowners Insurance in Chevy Chase, Maryland.

The small town of Chevy Chase, Maryland has 2,984 residents. When you own a home in this charming city, you'll need the proper protection for your assets. Instead of guessing on coverage options, consider using a trained agent for free.

A Chevy Chase, Maryland independent insurance agent will compare limits and rates with top carriers on your behalf. Then they will present you with the best outcome and give you their recommendations. Get connected with a local agent in minutes.

What Is Homeowners Insurance?

Each homeowners insurance policy will cover varying claims concerning property damage and liability exposures. Your home policy is individualized to your property and household specifics in Chevy Chase, Maryland. Each home insurance coverage must be reviewed for accuracy and sufficiency to ensure that you're adequately protected.

What Does Homeowners Insurance Cover in Chevy Chase, Maryland?

Your Chevy Chase, Maryland home insurance will have customized limits based on your specific needs and property values. However, the primary coverage in the homeowners policy will be the same for everyone. Check out the coverages below that are included under your home insurance:

  • Dwelling limit: Pays for replacing or repairing your home when a covered claim occurs.
  • Personal property: Pays for the replacement or repair of your personal belongings.
  • Personal liability: Pays for claims for bodily injury, property damage, or slander against a household member.
  • Additional living expenses: Pays for your temporary stay at another property when a claim renders your home unlivable. 
  • Medical payments: Pays for the first $1,000 to $10,000 of a medical expense when a third party gets injured on your property.

Most homeowners aren't aware that their home policy does not cover flood damage. For proper coverage against flooding, you'll need to purchase a separate flood insurance policy. Some areas will require flood insurance based on flood zoning. However, even in a low-risk zone, you'll still need flood insurance to be protected.

Common Disasters Homeowners Insurance Covers in Chevy Chase, Maryland

Several catastrophes can befall your Chevy Chase, Maryland home. You'll need to make sure that your limits are high enough to protect you. Fortunately, your homeowners policy comes with coverage for the disasters below:

  • Fire
  • Hail
  • Lightning
  • Severe storms
  • Wind
  • Theft and vandalism

Chevy Chase's Weather-Related Statistics:

  • The number of natural disasters in Montgomery County: 19
  • Major presidentially declared disasters: 14
  • Emergencies declared: 5

Let's look at the top three causes:

  • Hurricanes: 5
  • Winter Storms: 5
  • Snowstorms: 4

How Much Does Homeowners Insurance Cost in Chevy Chase, Maryland?

The cost of your Chevy Chase, Maryland home insurance will be determined by varying items. You will need to obtain individualized quotes to get exact premiums. Carriers look at the following risk factors when rating your homeowners coverage:

  • The materials of your home
  • Your credit score
  • If you have a pool, trampoline, or pet
  • Where you live
  • How many claims you've filed
  • How close you are to a fire department
  • How close you are to a fire hydrant
  • How new your house is
  • The square footage of your home
  • The cost to replace your home

Cheap Homeowners Insurance near Me

You don't have to go without the necessary coverage to get the cheapest homeowners insurance in Chevy Chase, Maryland. You can obtain quotes from a qualified agent for the best rates on your home. Below are the average premiums:

  • National average annual premium: $1,211
  • Maryland average annual premium: $1,037

Another way to save is by bundling your home and auto policies. When you bundle your coverages with the same carrier, you can reduce costs around 30%. You can also save by having good credit, and no past claims reported.

What Are the Best Homeowners Insurance Companies in Chevy Chase, Maryland?

If you're looking for the best home insurance at a fair price, there are many carriers, but only a few are highly rated. In Chevy Chase, Maryland, the top carriers for homeowners coverage are as follows:

Best Homeowners Insurance Companies in Chevy Chase, MD Star Rating
5 star rating
4.5/5 star rating
5 star rating

Peers often use these insurance companies due to their superior claims handling and coverage offerings. To get quotes through these carriers, consult with a local agent. 

How a Local Agent Can Help Find Homeowners Insurance in Chevy Chase, Maryland

When searching for home coverage that doesn't break the bank and covers you properly, you'll have some options. Selecting the proper policy limits can seem challenging if you're not experienced in insurance. Fortunately, a local agent can help at no additional cost, making it simple.

A Chevy Chase, Maryland independent insurance agent has a network of top carriers when they quote your home coverage. They do the shopping to get the best rates and protection out there. Connect with an independent agent to get started today.

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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