When you’re choosing a homeowners insurance policy, you don’t want to base your decision on the cheapest price. There are many important factors beyond cost including customer service, company rating and claims response.
Henry M. Murray Agency is an independent insurance agency in Annapolis, MD representing several of the nation’s leading homeowners insurance companies. We can help you evaluate your needs, compare coverage and rates from several different companies and choose the one that’s best for you. Don’t own a home? That’s OK. Henry M. Murray Agency also offers Renters Insurance options. Contact our office to learn more.
Voted Best Insurance Company in Annapolis
We’re proud of the fact that we were voted Best in Annapolis by the Readers of What’s Up Magazine and the Capital Newspaper. Since 1881, Henry Murray has been committed to providing the best customer service and helping clients find the insurance that best fits their needs.
Homeowners Insurance Coverage
If you're like most people, your home is your greatest investment. A comprehensive homeowners insurance policy can protect your assets and your future by making sure you have the coverage you need.
Not all homeowners insurance policies are created equal. An independent insurance agent can help you craft a homeowners insurance program that provides adequate coverage with extra protection you might need for jewelry, artwork, furs and other valuables. Discounts are often available when you bundle your homeowners insurance with your auto or boat insurance.
Basic Homeowners Insurance Coverage
Dwelling & Other Structures Coverage: Covers damage to your home's physical structure as well as other buildings on your property such as a garage or shed.
Personal Property: Covers your personal belongings up to a certain value. Additional coverage is available to cover valuable items like jewelry, artwork, furs, etc.
Liability Coverage: Provides coverage for your personal legal liability should you or a member of your household be involved in an incident where another person is injured or their property is damaged. Additional medical payments coverage is available to pay for the medical costs of individuals injured on your property regardless of your legal responsibility.
Loss of Use Coverage: Pays for the cost of reasonable housing and living expenses in the event you are displaced from your home because of a covered loss.
Beyond the Basics of Homeowners Insurance
Additional coverage is available for special circumstances, valuable items, etc. Here are a few examples. Please ask one of our homeowners insurance specialists for more details.
- Replacement Cost Coverage
- Water Back-up Coverage
- Identity Fraud
- Equipment Breakdown Coverage
Comparing Homeowners Insurance Coverage
Comparing the details of one homeowners insurance policy to another can be a huge challenge if you're not working with an independent agent.
An independent insurance agency like Henry M. Murray works with many different insurance companies, not just one. This allows us to give you several rates and compare several options side-by-side with no obligation or pressure to buy a specific policy.
How Can I Get The Best Rates?
When you're comparing different homeowners insurance companies, you can't look at the cost by itself, you must also compare the amount and type of coverage. As an independent insurance agency, we can help you compare homeowners insurance options from several carriers and determine which is the best value for your needs.
Unfortunately, one of the worst things we see are families with inadequate coverage who don't have enough insurance to replace their home or its contents in the event of a catastrophe. One of our agents will walk you through the differences of Actual Cash Value vs. Replacement Cost Coverage and help you choose which is best for your home.
Save Money on Homeowners Insurance
Everyone wants to save money. We'll help you cut cost without sacrificing coverage. If you bundle your auto or boat insurance with your home, you may qualify for discounts. Having smoke detectors, security systems and living in a gated community can also provide a discount on homeowners insurance. Be sure to ask a Henry Murray agent about more ways you can save.
Homeowners Insurance FAQs
What is homeowners insurance?
Homeowners insurance is a form of personal lines insurance. The typical homeowners policy has two main sections:
- covers the property of the insured and
- provides personal liability coverage to the insured.
Do you offer Renters Insurance?
Yes. Please contact our office to speak with an agent about Renters Insurance. When you rent a home, apartment or condo, typically the owners insurance policy will not cover your belongings. A Renters Insurance policy is an affordable and easy way to secure your belongings.
What do I need to know when purchasing homeowners insurance?
- Get the amount and type of insurance that you need.
- Determine the amount of personal property insurance and personal liability coverage that you need.
- Select any additional endorsements you want to add to your policy. For example, do you want the personal property replacement cost endorsement?
What is "actual cash value"?
When "actual cash value" is used in a policy, a policy owner is entitled to the depreciated value of the damaged property.
What is replacement cost"?
When "replacement cost" coverage is used in a policy, a policy owner is reimbursed an amount necessary to replace the article with one of similar type and quality at current prices.
Where and when is my personal property covered?
Coverage C of a homeowners policy provides named perils coverage. This applies to all your personal property (except property that is specifically excluded).
Should I purchase earthquake coverage?
Direct damages due to earthquakes are not covered under the standard homeowners insurance policy. If you live in an area that is prone to earthquakes, you may want to consider adding an earthquake endorsement to your homeowners insurance policy. This endorsement will cover damages due to earthquakes, landslides, volcanic eruptions and other earth movements.
Should I purchase flood coverage?
If your property lies in a flood plain as determined by US Government Flood Maps. Ask your independent agent about a flood quote.
Get A Homeowners Insurance Quote
What makes Henry M. Murray Agency the "best" insurance agency in Annapolis? Our customer service and support, plus the fact that we can offer you several renters and homeowners insurance quotes and help you pick the one that's right for you. One of our experienced, independent insurance agents will review your current policy to help determine what you need and find out if we can save you money.
Contact us today for a renters insurance or homeowners insurance quote. Call 410.417.6505 or request a quote online.