Insurance companies in Maine, as in most states, don't typically offer flood insurance as part of a homeowner's insurance policy.
There is a real threat of hurricanes in Maine and because of that anyone who owns or rents a property should consider taking out a flood insurance policy.
Most insurance agents in the state can help a homeowner secure this type of insurance.
Insurance agents are also the people you want to contact when you are looking for a standard homeowner's insurance policy in Maine.
The best approach to saving money and finding discount insurance is to get quotes from several agents who work for different companies.
This will give you a good idea of which company will offer the lowest price while still keeping your home and belongings protected.
When it comes to insuring your property, don't overestimate the worth of it.
Some people mistakenly believe that they need to insure their home for the exact dollar amount they purchased it for.
This isn't always the case, as land can't be insured and shouldn't be factored into the coverage amount.
The same is true of your belongings.
Take stock of what you own and then price out how much money would be needed to replace everything.
Although you're not likely to have everything stolen during a robbery, you can potentially lose all of your possessions if your home or the home you rent catches fire.
Also, be sure to revisit that amount each year.
Many of us buy new things and sell old belongings through the course of the year.
You may want to increase or decrease the amount of your coverage when your policy comes up for renewal.
One of the best ways to enjoy a discount rate on your homeowner's insurance in Maine is to stay claim free.
Don't claim for every small thing.
Paying for some of those expenses out-of-pocket can mean big savings on your insurance rates.