Maine Condo Insurance
Maine condo insurance is a must have if you rent your condominium in the beautiful state of Maine. People love condos because they provide all the comforts of home without the added work of maintaining the structure. There are many exciting activities to explore in ME and no one wants to waste time cleaning the gutters and mowing the lawn. Make sure all of the contents of your unit are protected by finding great quotes and rates today.
Do I Need Condo Insurance
Everyone needs house insurance. Whether you are a tenant or the owner of a condominium - you need Maine condo insurance. Much like renters insurance with an apartment, a condominium policy covers the contents in your unit. You should have coverage with the condominium master policy, but this will only cover the building and common areas. For example, if there is a hail or snow storm that destroys the roof of the condo, the master policy will take care of most of the expense. You may be assessed a portion of the deductible, but you can purchase coverage for this with your own Maine condo policy.
Another reason to purchase condo insurance is to make sure you can continue with your current lifestyle in the event of a fire or other hazard. No one thinks a disaster is going to happen to him/her, but accidents happen all the time. Make sure you have adequate coverage and keep moving forward with your life. You will need to decide how much coverage you need. Go throughout your rooms and make a list and take pictures and then add up how much your belongings would cost to replace. Remember also to include any upgrades you have made to your Maine home. If you have high end stainless steel appliances and granite counter tops - these will probably not be covered by the association's master policy.
Maine condo insurance will also protect you with personal liability coverage. If you or someone in your family who lives with you accidentally causes injury to another person - your liability policy will be able to help. Also, residents of Maine love to entertain and have parties. If someone is injured while visiting your home, your policy will cover medical expenses incurred. Unfortunately sometimes we may be sued or taken to court about an incident that has happened. Maine condo insurance will help with legal expenses to defend your position.
The great thing about Maine condo insurance is that it will cover your belongings no matter where you are. If you have coverage on all of your electronics with your condominium policy, if something is stolen while you are on vacation your policy will cover the loss. You can also purchase extended coverage which protects pleasure boats and small water craft. When living in ME, it is nice to know that our belongings are protected in many different circumstances.
Saving Money on Condo Insurance
Easy ways to save money on Maine condo insurance include raising your deductible. The higher the deductible, the lower your premium will be. You can usually choose between $200, $500, or $1000 deductible. Choose the amount that you are most comfortable with. As long as you have some money in savings to cover the initial out of pocket expense, this tip can save you hundreds of dollars each year.
Another way to save money in Maine is to make sure your condo is equipped with safety features. Many Maine condo insurance companies offer discounts if you have fire extinguishers, smoke alarms, dead bolts and other safety features. When you are proactive in preventing a disaster from happening, you will be rewarded. This is an easy way to save money and reduce the risk of theft or fire destroying your entire home.
A third way to save money is to combine multiple policies. You probably have auto, life and health coverage, use the same company and save money on your Maine condo insurance. It is also easier for you to deal with only one company. You can make one payment and not have to worry about multiple bills. Also, if you do not have a claim for a certain amount of time, many policies will also offer you a discount. You can easily find quotes online today and start saving money.
Maine condo insurance will give you and your family peace of mind. Whether you rent your unit or you live in ME full time, protecting your belongings is important. Finding the right insurance policy for the best rate is easy. Look online and find multiple quotes to fit your unique needs. You live in Maine to enjoy the activities and nightlife and you do not want to worry about what would happen if a disaster occurred today. With adequate protection you can live your life to the fullest.
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