Homeowners Insurance

Maine Home Insurance

“Home is where your heart is,” and in most cases, your home is also your most valuable financial asset. Therefore, it’s important your coverage is correct, whether you need to repair or rebuild when disaster strikes. At F.A. Peabody, we are Maine home insurance specialists, and know exactly how to best protect your home. After all, it’s more than just a property. It’s your refuge from daily stressors, a place where you need peace of mind. You work hard to provide this refuge for yourself, your family, and your visitors. Let us provide the peace of mind.

Home insurance coverage definitions

Dwelling

The dwelling is the home itself. You want to insure your home and outbuildings for what it would cost to rebuild them, which is not necessarily the same as your tax valuation or resale value. We determine the coverage you need by using calculations that are based the cost to rebuild your home if you suffer a total loss.  It also covers the cost to clean up the damage that is left behind. With inflation and the unpredictability of building supply costs, this number could be significantly different than the price you paid to buy your home.

Liability

When an accident occurs on your property and someone is injured due to your negligence, this coverage will apply. Some risks, like a trampoline or pool, affect your liability coverage and cost. So, make sure you discuss these items with your agent.

Personal Property

When damage occurs to your belongings, your homeowners insurance will replace them.

Medical Payments

This is a small amount of coverage for injuries to someone, regardless of fault or negligence on your part.

Loss of Use

Sometimes you need to stay somewhere else while your home is rebuilt or repaired, and this coverage will reimburse you for these costs.

Optional homeowners insurance coverages:

• Inflation Guard Endorsement
• Guaranteed Replacement Cost
• Watercraft Endorsement
• Sewer & Water Backup
• Flood Insurance
• Earthquake Insurance

You have worked hard to have your own home, your most valuable asset. Trust it to Maine’s Insurance Specialists. Remember, if it’s in Maine, we insure it!

To find out more about our services, please contact us at 877-960-1457 or get a free quote by filling out our “Get a Quote” form.

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