Maryland Homeowners Insurance Information

Maryland Homeowners Insurance

Whether you own a house, condominium or townhouse, for most
people their home is their most important investment. Brown
Insurance Group offers Maryland homeowners insurance policies
that have flexibility to meet your individual needs and above all,
provide you with the security that comes only from the

knowledge that your home is safe.

Insurance for your home is one of the most popular and
important forms of personal insurance and the typical
Maryland Homeowners Insurance policy has two main
sections:

Section I - insurance coverage for your property

Section II - personal liability coverage (to cover you in
case of lawsuits arising from things that happen on
your property)

Homeowners insurance is often required by lenders
to obtain a mortgage and nearly everyone, whether
you own or lease property, should have the protection
of homeowners insurance.

Click on the link below to fill out a quote request form for a Maryland
Homeowners Insurance policy that will provide excellent insurance
coverage at an affordable cost. Or you can speak with our Marylan
Homeowners Insurance agent specialist at 301-933-5500 to discuss the
features.

We are a local Washington D.C. area full service insurance agency, offering affordable
Maryland homeowners insurance policy premiums to individuals and families located in the
following cities and counties: Wheaton, Silver Spring, Bethesda, Aspen Hill, White Oak,
Takoma Park, Randolph Hills, Veirs Mill, Kensington, Kemp Mill Estates, Rock Creek Forest,
Chevy Chase, Woodmont, Garrett Park, Oakmont, Calverton, Fairland, Springbrook,
Glenmont, Foxhall, Layhill, Colesville, Meadowood, Rockville, Laurel, Gaithersburg, Good
Hope, College Park, Greenbelt, Montpelier, Adelphi, Langley Park, Berwyn Heights,
Knollwood, Beltsville, Maryland City, Riverdale, Hyattsville, Chillum, Lewisdale, University
Park, New Carrollton, Landover Hills, Bladensburg, Cheverly, Kent Village, Somerset, Chevy
Chase View, Glen Mar Park, Westgate, Brookmont, Luxmanor, Montrose, Potomac, Glen
Hills, Derwood, Washington Grove, North Potomac, Redland, Olney, Sandy Spring, Norwood
Corner, Ashton, Ednor, Spencerville, Burtonsville, Good Hope, Fulton, Savage, Bowie, Crofton,
Kettering, Forestville, District Heights, Capitol Heights, Columbia, Annapolis, Germantown,
Brinklow, Brookeville, Highland, Simpsonville, Brighton, Clarksville, Laytonsville, Damascus,
Dayton, Unity, Glenelg, West Friendship, Seneca, Dawsonville, Poolesville, Towson,
Baltimore, Montgomery County, District of Columbia, Prince Georges County, Howard
County, Anne Arundel County, and Baltimore County, MD. We also offer homeowners
insurance services throughout the state of Maryland and northern Virginia, including Arlington,
Alexandria, McLean, Falls Church, Annandale, Reston, Fairfax, Vienna, Herndon, Sterling,
Leesburg, and Manassas, VA.

Maryland Homeowners Insurance Policy FAQ

If your policy limit is less than 80% of the replacement cost of your home, you
will face a "coinsurance penalty," which means you'll have out-of-pocket
expenses to cover costs beyond the policy deductible you chose. For example
purposes we will assume your home's estimated replacement value (RCV) is
$100,000. The co-insurance clause requires you carry at least $80,000 (80% of
your RCV). If you chose to purchase only a $40,000 Maryland Homeowners
Insurance policy you would be underinsured by half. Therefore, in the example
the insurance company would pay one-half of a loss less the policy deductible,
so if you suffered a $10,000 covered loss to your house, condominium or
townhouse and had a $500 deductible, your policy would only pay $4,500.

Maryland Homeowners Insurance Policy FAQ

Personal liability in a Maryland homeowners insurance policy is also an important
part of having security from accidents that may occur on your property. We suggest
you choose coverage limits that are not less than those on other liability insurance
you own, such as car insurance.

Click on the link below to fill out a quote request form for a Maryland Homeowners
Insurance policy that will provide excellent insurance coverage at an affordable cost.
Or speak with our Maryland Homeowners Insurance agent specialist at 301-933-5500
to discuss the features.

**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your insurance
needs should be discussed with a licensed insurance agent.

Covered losses under a Maryland homeowners insurance policy can be paid on
either a replacement cost basis or on an actual cash value basis. When "actual
cash value" is used, the policy owner is entitled to the depreciated value of the
damaged property. Therefore, the older the item is, the less money you may
receive for it. If you choose the "replacement cost" coverage, the Maryland
homeowners insurance policy will reinburse the amount it costs to replace the
property with something of a similar type and quality at current prices.

Replacement Cost or Actual Cash Value

Maryland Homeowners Insurance Policy FAQ

An "All Risks" policy provides the broadest Maryland homeowners insurance protection
because it will cover losses that are due to any peril except those specifically excluded
in the policy. A "Named Perils" policy covers losses that are due to only those perils
listed in the standard Maryland Homeowners Insurance policy and typically include fire,
hail, windstorm, and other physical losses.

All Risks or Named Perils

Maryland Homeowners Insurance Policy FAQ

Homeowners Insurance

Brown Insurance Group

12118 Heritage Park Circle

Silver Spring, Maryland 20906

Montgomery County, MD

(301) 933-5500

Fax: (301) 933-6955

Answer a few questions and
we will provide you with an
insurance quote by phone or
email. Choose the Maryland
personal or business insurance
coverage you're interested in
from the menu above.

Brown Insurance Group, Inc.

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