Homeowners Insurance

Homeowners Insurance Frederick MD

People buy homeowners insurance for the same reason they have car and health insurance: If a home is damaged or someone else injured on the property, insurance helps owners cope with the financial consequences. Homeowners insurance policies provide inclusive coverage for losses to your home, your personal belongings and for any detached structures on your property. It also provides protection in the event of an injury to people on your property. Therefore, homeowners insurance is actually a combination of two different types of protection:

Hazard insurance – covers damage to your property
Liability insurance – covers injuries and damage you cause to other people on your property.

However, there may be other things that home insurance does not cover. That is why we get to know our clients and understand their needs, so then we can create a comprehensive property risk management program for them. For most of our clients, we recommend a comprehensive homeowners policy.

Home Insurance in Frederick, MD: Get the Coverage You Need

What would happen if there was a natural calamity or an unfortunate event at your home? Apart from the mental anguish you and your family will suffer, the financial burden is one that no one is ready for. However, it doesn’t have to be this way. Are you confident you’re adequately covered for damages and loss in a situation like this? Or would you be required to pay out of pocket to fix the place? These questions must be discussed because many big insurance providers may put a hold on new clients before a natural disaster is forecasted. But our team at BMC Insurance will ensure that in the face of a crisis, you have the right protection and that your insurance provider has your back. Homeowners insurance is a combination of two different types of protection:

Hazard insurance – covers damage to your property
Liability insurance – covers injuries and damage you cause to other people on your property.

Although, there may be other things that home insurance does not cover. That is why we understand our clients and their needs to create a comprehensive property risk management program for them. For most of our clients, we recommend a complete homeowners policy. Most times, what affects us dramatically is not the events that shake us down but how the right solution is implemented and how we move forward. That is where our expert team at BMC Insurance in Frederick, Maryland, steps in. Our experienced and resourceful team members constantly update themselves on the changes within the insurance industry. Their expertise in the complex world of insurance and their ability to communicate this understanding to you sets us apart from our competitors. We guide you through the claims process when something goes wrong.

Homeowners Insurance Basics:

While each situation is unique, here the essentials that every homeowner should consider when choosing coverage.

Home Coverage

Your policy should cover the cost of the replacement of your property, minus any deductible (the amount you would be responsible for before the policy covers your loss). Replacement cost is what it would cost today to rebuild your house in the event of loss, based on current building codes.

Personal Property

Your policy has a separate amount to cover your personal belongings, minus a deductible. We always recommend that you create a home inventory of your personal items. This will make it much easier to document your loss during the claims process.

Personal Liability

If you become legally responsible for an injury to a guest on your property, or for damage you cause to another person’s property, personal liability coverage will give you that much needed protection.

Other structures

Basic coverage is included for any detached structures on your property such as a garage, shed, or fence. There are limitations on the amount of coverage available for these types of structures, depending on the amount of coverage for the home itself.

Loss of use of home

If your home were to become so damaged or destroyed that it is uninhabitable, your policy can provide very valuable benefits to cover additional housing and living expenses.