Find Affordable Homeowners Insurance


South Portland, ME Homeowners Insurance

Are you searching for South Portland, ME home insurance coverage that you won’t have problems paying for but still give you adequate protection? We can help you find what you need by providing you with a list of the best insurance providers for your area. Just type in your Zip Code at the top of this page and you will get you a list of the best agencies and carriers for your Cumberland county.

Aside from comparing multiple quotes and packages from different insurance providers, there are many other ways on how you trim your overall homeowners insurance costs. One of these is to know exactly what your policy will cover.

Understanding the ins and outs of your policy

Majority of standard homeowners insurance policies provide coverage for four components. These include the following:

  1. The home’s structure
  2. Personal belongings in the home
  3. Liability protection
  4. Additional living expenses (ALE) in case an included peril renders the insured home uninhabitable

Note that almost all insurance companies also base their policies on the same list of named perils as follows:

  1. Fire and lightning
  2. Windstorms and hail
  3. Explosion
  4. Riots and civil commotion
  5. Aircraft
  6. Vehicles
  7. Smoke
  8. Vandalism and malicious mischief
  9. Theft
  10. Glass that is part of the home
  11. Volcanic eruptions.
  12. Falling objects
  13. Weight of ice, snow or sleet
  14. Accidental discharge or overflow of water or stream from within plumbing or related systems; does not include discharge or overflow of water from a sump.
  15. Sudden and accidental rupture of a heating, air conditioning, fire protective sprinkler, or hot water heating system
  16. Freezing of plumbing or related systems
  17. Sudden and accidental damage from artificially generated electrical current

It’s vital you keep this in mind, as not all homeowners insurance in South Portland, Maine provide coverage for all of them.


A standard home insurance policy will pay to cover the costs of repairing or rebuilding your home’s structural components in the event that any insured disaster damages or destroys it. Whether you’ll get coverage or not again depends on the type of home insurance you have. However, if you purchased the HO-2 policy, it will provide coverage for all the 17 above-mentioned perils.

Keep in mind that most policies don’t pay for flood- or earthquake-caused damages, as well as those that occur due to regular wearing and tearing. You’d have to purchase separate coverages for these.

The general rule of thumb to follow is to purchase coverage with an amount equal to the average cost of rebuilding your home.

Personal belongings

A standard South Portland, ME home insurance policy will cover majority of your personal belongings if named perils, including hurricane and fire, destroys them, or if a criminal steals them. Typically, the coverage applies to personal items such as clothes, as well as furniture and sports equipment.

In most cases, the coverage amount for personal belongings is about 50 to 70 per cent of the insurance on the home’s structure. However, to make sure that you’ll receive sufficient coverage for your valuables, you should perform a thorough home inventory. This way, you won’t miss items of significant value and forget to consider their cost when calculating how much coverage to purchase.

Liability protection

This protects you in case someone files a lawsuit against you for bodily injury or property damage. It also provides coverage for damages caused by your pets.

Your South Portland, ME homeowners insurance �" specifically its liability portion �" will cover not just the cost of defending you, but also court awards and penalties that may arise. There is a limit though, so make sure you review your policy to find out how much this is.

Additional living expenses (ALE)

Natural disasters and crimes can leave your home temporarily uninhabitable. Because of health and safety dangers, you would have to live someplace else. Without home insurance, this means potentially and unnecessary high out-of-pocket expenses.

With a South Portland, ME home insurance policy, on the other hand, you have less to worry about when you need to live away from your home for a short period of time. As long as the cause of the damages were one of the included perils in your coverage, this portion of your policy will cover the additional costs of temporarily moving out of your place.

Underbuying or overbuying homeowners insurance can cost you a lot, so it pays to know exactly what you’ll receive coverage for, so you take the necessary actions (like buying flood or earthquake insurance).

Other Cities in Maine:

  • Cliff Island, ME Homeowners Insurance
  • Baileyville, ME Homeowners Insurance
  • Harrington, ME Homeowners Insurance
  • New Sharon, ME Homeowners Insurance
  • Winterport, ME Homeowners Insurance
  • Jackman, ME Homeowners Insurance
  • Bass Harbor, ME Homeowners Insurance
  • Hulls Cove, ME Homeowners Insurance
  • Stonington, ME Homeowners Insurance
  • Thorndike, ME Homeowners Insurance
  • Read more about South Portland, Maine home insurance

    A lot of homeowners are saving income on their insurance coverage by attempting to personalize their deals alternatively of likely with a company's default plan. If you want to help save some cash, verify out these suggestions on what you can do in buy to capture a deal without possessing to lose high quality.

    When buying for homeowner's insurance policy, be sure to get a policy that delivers certain replacement worth insurance. This signifies that your plan will certainly rebuild your property if it were completely ruined. As building charges boost above time, it may possibly expense a lot more to build your home now than it did when your residence was new. Certain alternative policies soak up these expenses.

    When taking into consideration insurance for your house, it could be advantageous to have an alarm technique set up. Not only will this be advantageous for your possess basic safety, but your insurance policy costs will replicate the included security as nicely. Right after offering evidence that your program is monitored by an company, you may possibly qualify for up to five% off your prices.

    To help save cash when acquiring home owners insurance coverage, contemplate placing an alarm method in. Most major underwriters will give a low cost for a home that has a monitored alarm installed. A lot of moments the low cost you get will insert up to far more than what you spend for the monthly monitoring cost.

    Spending off your mortgage loan could not be effortless, but performing so can make your homeowner's insurance policies rates drop substantially. Insurance policy organizations believe that folks who personal their homes outright are more probably to just take very good care of them, and so they will file much less statements that the insurance coverage company will have to shell out.

    Keep insurance concerns in brain when you prepare a major residence addition or renovation. The components and tactics you use in creating additions can have a major effect on your future insurance premiums. Durable, fire-resistant creating methods like concrete and steel will cost you much less to insure than standard wooden-body construction.

    The web gets a useful instrument when purchasing for the ideal property insurance policies plan at the very best possible fee. You will be in a position to examine diverse protection with distinct organizations to discover the 1 that will suit your requirements the very best. Be confident to verify out the company just before signing on with them even though. The ideal fee does not often indicate the ideal plan.

    When including a function these kinds of as a swimming pool or trampoline to your house, element in insurance policies costs and tips in the undertaking. Defined as attractive nuisances, these characteristics have enhanced hazards linked with them can enhance quality, but following recommendations like adding a secure fence and gate can offset the expense relatively.

    Ahead of receiving a renter's insurance policies policy, get a search all around your condominium and consider images of the items that you would like to have covered if there was a disaster. Compute every single item's really worth and find an insurance policy that will go over at least that volume in the situation that you have to file a declare.

    The ideas you just read need to support you locate the perfect coverage at the right price. It is feasible to uncover the appropriate coverage. It's now your occupation to preserve the details in head when shopping for insurance policy. Acquire the appropriate plan and give your family members with significantly-deserved safety.

    Comments are closed.