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Homeowners Insurance

New Home Insurance

Single Family, Townhomes, Condos, & Renters

Homeowners insurance comes in various forms to cater to different dwelling types and living arrangements.

  • Single Family 

  • Townhome

  • Condo

  • Renters (leased from another party)

  • Seasonal Dwelling

  • Secondary Home

  • Rental Home

  • Vacant Home


When referring to coverage for single family dwellings, most homeowners insurance policies cover the structure, personal belongings, liability, and additional living expenses in case of covered perils like fire or theft. They provide a wide scope of protection for homeowners looking to safeguard their investment and possessions.

Insurance for townhomes and condos differs due to shared structures. While condo associations often cover the building's exterior, residents typically need insurance for their unit's interior, personal property, and liability.


Townhomes may require a combination of individual and shared coverage, making it essential for homeowners to understand their association's policies and secure adequate personal coverage.


Renters insurance, on the other hand, caters specifically to those leasing a dwelling. It protects personal belongings, provides liability coverage, and offers additional living expenses coverage in case of covered events.


Regardless of dwelling type, choosing the right homeowners insurance requires the necessary protection tailored to each policyholder's living situation.

Are Homeowners Policies All the Same?

NO! Homeowners policies can vary significantly in their terms and coverage from one insurance carrier to another. While the fundamental elements like protection for structures and personal belongings remain consistent, the specific terms, limits, and additional coverages can differ greatly. Factors such as valuation method (Replacement Cost vs. Actual Cash Value), deductible amounts, coverage limits, and exclusions can vary.  These nuances impact the overall scope and cost of the policy.


It's essential to carefully review and compare policy details when shopping for homeowners insurance, considering the unique aspects of both the dwelling to be insured and the terms of the proposed policies.   

This may sound like an overwhelming amount of information to consider, but that's where Maxam Assurance Agency steps in to help. Our agents will assist you in navigating these distinctions so that you feel comfortable selecting a policy that aligns with your preferences and provides the necessary level of protection.

High Value Homeowners Insurance
Rental Home Insurance

Home Insurance Considerations

The most important part of an insurance policy is that it covers you properly.  Many people have been taught to think that a policy is a policy, and it all comes down to finding the policy with the lowest premium.  Of course, the premium dollars you pay are part of the equation.  And the few insurance carriers that rely heavily advertising campaigns will lead you to believe that they can save you $400 a year by switching companies. What they don't tell you is the coverage you may be sacrificing for that $400.  You can easily end up with a watered-down policy with significant exclusions, or limitations that could cost you a fortune. 


The true cost of a policy is not just the premium, but what it does not cover in the event of a loss.  The following are important considerations when shopping for home insurance:​

  • Coverage Needs: Assess structure, personal belongings, liability, and additional living expenses.

  • Policy Limits: Ensure coverage limits align with asset values and potential risks.

  • Deductibles: Evaluate options to balance premiums and out-of-pocket costs.

  • Exclusions and Limitations: Review policy terms regarding what is not covered.

  • Carrier Reputation: Choose a reputable, financially stable insurance carrier with positive customer feedback.

  • Discounts and Bundling: Inquire about available discounts and bundling options for cost savings.

  • Claims Process: Understand the simplicity and responsiveness of the claims process.

  • Customer Service: Consider the quality of customer service and accessibility of representatives.

  • Additional Coverages: Explore options for endorsements like coverage for high-value items or identity theft protection.

  • Cost vs. Coverage: Balance cost with the comprehensiveness of coverage.

Book a Free Homeowners Consultation Call

We offer a complimentary consultation call. This quick yet valuable session is designed to provide you with personalized insurance insights and guidance. During this brief chat, we'll discuss your insurance needs, address any questions or concerns you may have, and explore potential coverage options tailored to your unique circumstances.

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