Whenever most of us are considering making any major purchase we want to compare prices.
To do this we need to do a bit of research.
When it comes to homeowner's insurance in Maine that research includes gathering quotes from several prospective insurance companies.
This is a relatively easy task and can be done either via telephone or online.
The quotes that you receive all need to be based on the same level of coverage.
Therefore before you contact any insurance agent you should have a clear cut idea of what you are looking for.
Most standard homeowner's insurance policies protect against many different perils and will include coverage for not only the dwelling itself but your belongings too.
Many areas of the state of Maine can be considered high risk for flooding or hurricanes.
If your home is situated in an area where substantial damage from a storm can occur, you may want to also ask about flood insurance when you are seeking quotes.
Over 8,000 Maine homeowners have already purchased this type of policy.
Also, request the same level of deductible when contacting companies for quotes.
Most companies in Maine will base your premium on a low deductible level.
This certainly works to your advantage when you do have to make a claim, but it doesn't help in terms of premiums.
Lower deductibles always result in higher premiums.
Instead of buying a policy that offers a low deductible, request a deductible of $1,000 or more.
Do this with each and every company you contact.
Once you have their lowest quoted price you can then determine which policy will be best for you.
After you've decided, you can purchase a policy and there's a way to save money on this as well.
Pay the policy premium all at once instead of making smaller monthly payments.
You'll save any service fees that may be added on.