Your Guide to Home Insurance in Maine

You saved up money for years and now you’re closing on your first house! You’re joining more than 72% of people who live in Maine who own or co-own their home!

Now that you have this huge asset and home, you want to make sure that it keeps its value over time. But, what happens when a storm hits or a thief breaks in and steals your belongings?

To help recover if something happens to your home, you’ll want to have homeowners’ insurance. Keep reading to learn all about how to choose the best home insurance in Maine. 

Why Do You Need Home Insurance in Maine?

With the well-known mild weather in Maine, some people don’t see the importance of home insurance. But, even though the chances of a natural disaster are small, other things can cause serious damage to your home!

Every winter the ice and snow erode more and more of your home. Over time, that damage can grow into a major repair issue. If you don’t have insurance, you pay out of pocket for any repairs to the house.

Types of Insurance Coverage

When you’re looking at insurance policies, you’ll notice several sub-types of insurance that the policy may or may not cover. These are some of the kinds of coverage you’ll see when comparing homeowner’s insurance in Maine.


This section goes over what parts of the house the policy covers and what isn’t. This often includes attached garages, interior and exterior walls, and electrical systems.

Personal Property

If your stuff gets damaged or stolen, this part of the policy goes over how much the policy covers.

Loss of Use of the Home

Sometimes, damages to the home are so severe that you can’t stay there until you get the repairs done. If your policy has loss of use coverage, they help pay for your living expenses and hotel fees while you’re out of your home.

Medical Coverage

Accidents happen and sometimes they happen on your property. This section covers any medical bills resulting from an injury on your property.

What Factors Affect the Price?

Your rate could vary depending on many factors. These are some of the most common factors that affect the price you pay for insurance.

  • Policy coverage
  • Home size
  • Location of the home
  • Insurance company
  • Previous claim history

Many homeowners choose an independent insurance agency like Schmid Insurance because they offer the same great coverage as the bigger companies at a fraction of the cost!

Home Is Where the Heart Is, so Protect It as Much as You Can

You and your family make memories in a home. Having good insurance is like having armor around your house to protect it (and your family) from harm!

The best way to make sure you choose the best Maine home insurance policy is to know how to figure out what the policies include. That way you can compare apples to apples.

We hope you enjoyed reading this article and that you learned about choosing the best home insurance in Maine. If you’re looking for more helpful articles about money, business, and much more, check out the rest of our blog today!

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