Home Insurance Broker in Scarborough, ME
Compare competitive rates to find the right home insurance broker in Scarborough.
Scarborough is one of Maine's most charming, beloved ocean communities. With a population of 23,218. Scarborough is full of quiet hometown charm while maintaining a close distance to the hustle and bustle of Portland. Its national attractions draw many to Scarborough, from eight miles of coastline to Maine's largest salt marsh. It is the ideal home for those who love to be close to the outdoors. Visit the Scarborough State Beach Park for exceptional surfing or walk along the Prouts Neck for a mile-long rocky, unmanicured trail without worrying about your home.
A benefit of living in Scarborough is its location near Portland. While many residents work and live within the city, many commute to Portland for more job opportunities. Hit Portland's Entertainment District for a fun night out with cocktails, dance floors and live music or visit the famous Maine Mall. With various stops, the BSOOB Green Line can take you from the Saco Transportation Center to Portland City Hall.
In the last several years, Scarborough has experienced increased growth. The median home value is approximately $562,900 and homeowners pay around $985 per year or $82 per month. This is lower than the U.S. average for home insurance. However, your costs may vary based on your home's value and your location within Scarborough. For instance, if you live on land below 5 ft, you have a higher risk of flooding and may need to spend more to protect your home. VIU by HUB helps you compare insurance rates in your area to help you find an insurance broker within your budget.
Most people worry about their premium costs or the costs they pay each month for homeowner's insurance. While insurers may have their own criteria, almost all share some essential factors.
Your insurance costs typically do not consider the market value but the estimated cost to rebuild your home. Insurers have a program with expense data and will calculate the replacement cost based on your home's features and size.
The further you are from the fire department, the higher your premiums may be. Insurers consider homes further from fire departments to be at a higher risk of destruction if a fire does occur.
Insurers may charge more for older homes. However, other companies may also provide discounts for remodeled or renovated homes with new heating, plumbing or electrical work.
Your building's material will alter how much you pay for fire insurance. Homes made of brick will have different costs associated with them, unlike houses made from wood.
Your claim history can affect the prices you're given by your home insurance broker in Scarborough. In addition to your claim history, the insurer may also look at the claim history of the house.
Home insurance is a necessary protection. A broker can help you determine the policies that fit your circumstances while keeping you within your budget. There are various policies, from comprehensive or standard homeowner's insurance to additional coverages like flood and earthquake insurance. Most policies will cover:
Home insurance is necessary to protect your house and you in the case of claims against you. As you look for a home insurance broker in Scarborough, VIU by HUB can help you compare the competitive rates of different companies.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
