More than 50,000 people call Bowie, Maryland, home. Located in Prince George's County, the city has grown exponentially from a small railroad town to the fifth most populous city in the state. Many families flock to the region because the city has a variety of fun attractions. including Six Flags America, the National Capital Radio and Television Museum and Prince George's Stadium.
Because Bowie sits just outside of Washington, D.C., the city has a suburban feel that makes it a thriving region for families of all sizes. Whether you have an upscale condo in the middle of the city or a house in a quiet neighborhood, protecting your investment should be one of your top priorities.
Maryland has a temperate climate with crisp winters and mild summers. Average temperatures range from 20 degrees to 87 degrees. Having comprehensive home insurance coverage allows you to relax in peace so don't have to worry about bursting pipes during cold snaps. Whether you want to protect your home from storms, floods or termites, VIU by HUB helps you compare policy rates so you can find the one that best meets your needs.
The state of Maryland does not require homeowners to have insurance unless they have a current mortgage. However, home insurance is a worthwhile investment because it saves you a significant amount of money if your home sustains any damage.
Natural disasters such as storms and floods pose a threat to your investment. High winds and termites can also cause significant damage that requires extensive repairs. Several types of home insurance policies can give you peace of mind, including:
The national average for home insurance premiums in the United States is $1,754, which comes out to a monthly rate of $146.16. Residents of Maryland often qualify for slightly better rates with an annual premium of $1,539 and a monthly payment of $128, according to Policy Genius. These rates cover up to $300,000 in-home repairs. Rates may be higher for people who include personal belongings and liability in their policies.
Insurance companies administer policies based on risk factors. People who live in homes with high risk factors may experience higher premiums. Some factors insurance companies look at in Bowie include:
These factors and more affect the price of home insurance in Bowie, Maryland. Properties with safety hazards and additional features, such as outdoor pools and outbuildings, have higher premiums for home insurance, while various companies may offer different premiums for similar coverage. Using VIU by HUB is a great way to compare home insurance policies in Bowie, Maryland so you can find the coverage that best meets your specific needs and fits well within your budget.
This information is intended for general informational purposes only and is not intended to constitute legal advice.