Does Homeowners Insurance Cover Solar Panels in Maine?

More Maine homeowners are installing solar panels. Roof-mounted solar PV panels promise many benefits: decreased electric bills; energy independence; and a reduced carbon footprint.

 

Are Solar Panels Automatically Covered by Maine Home Insurance?

The good news: your homeowners policy covers your home’s utility fixtures, including heating and electrical systems. Damage caused by fire, wind, falling trees and lightning are all covered.

The bad news: your homeowners policy excludes coverage for some common causes of loss (perils). If squirrels or birds damage your unit, your insurance won’t pay to fix it. And, if your PV solar panels simply stop working, you’re out of luck if you have an “off the shelf” homeowners policy.

Can I Buy Special Insurance for Solar Panels?

Some insurance companies offer breakdown coverage. This covers failure of home systems such as: boilers and heat pumps; appliances; electrical panels – and solar panels. If a system fails prematurely, your insurance company will pay to replace it. But beware: if your system rusts out or simply wears out at the end of its useful life, that’s not covered.  And deductibles apply: $500 and $1000 are common.

How Expensive is Solar Panel Insurance in Maine?

Home systems breakdown insurance doesn’t cost much, even though it insures your expensive solar panel installation. It usually costs less than $50 per year, added right onto your homeowners policy.

Do you live in the Portland Maine area? Looking for solar panel insurance or equipment breakdown coverage? Call Noyes Hall & Allen Insurance at 207-799-5541. We offer a choice of Maine’s top insurance companies. Several of them offer this special insurance. We can help you find the best fit for your budget and your home. We’re independent and committed to you.

Do Hurricanes and Wildfires In Other States Affect Maine Insurance Rates?     

 

Insurance companies pool risk. They collect money from many people to pay the losses of a few who have claims. Everyone’s rates go up or down, depending on the insurance company’s experience. More claims paid = higher rates.

 

You may be wondering:

  • How much do hurricanes, wildfires and other disasters affect insurance rates?

  • Do disasters in other states affect my insurance rates in Maine?

 

It’s helpful to understand how insurance companies price their product. Insurance rates are recommended by insurance company actuaries. They project how much money the insurance company must collect to pay claims and make a profit. This requires complex modeling and formulas. Actuaries recommend rate changes to a special committee of company executives. The committee compares the actuary’s recommendation to the company’s profitability and growth targets. They agree on a proposed rate change, and submit it to Maine insurance regulators.

The regulator’s job is to make sure that insurance rates are:

  • Adequate to pay claims
  • Not excessive
  • Not unfairly discriminatory.

Regulators may approve or deny the rate change, or ask for more information.

 

What Factors Affect Insurance Rates?

At its simplest, insurance is “money in…money out.”

Money In = Premium Collected

Cheap insurance rates may leave the insurance company with insufficient money to pay claims and make a profit. Rates that are too high may send customers fleeing to other insurers.

Money Out = Losses 

The most important determinant of insurance rates. More losses than expected puts pressure for the insurance company to raise rates. Fewer losses puts downward pressure on rates.

 

But here’s the rest of the story:

Insurance Company Financial Strength – Well-managed insurance companies keep adequate reserves to pay claims on a rainy day. Insurers with strong financials can weather a bad year without huge rate increases. Weaker ones need more frequent rate adjustments. The best way to learn the financial condition of an insurance company? A.M. Best tests the financial strength of insurers and assigns them a letter grade.

Type of Insurance Company – Mutual insurance companies are owned by their customers. After they pay claims, mutuals store their profits to pay future claims. Other insurance companies are stockholder owned. Stockholders expect a return on their investment. Investors pressure executives of publicly held companies to improve profits every quarter. This can lead to larger or more frequent rate increases to stay ahead of current losses.

Reinsurance – Almost every insurance company is also an insurance consumer. They buy insurance against “the big one”. This is called reinsurance. Most companies reinsure against annual total losses exceeding a certain amount. This dampens the impact of multiple hurricanes, fires or other disasters in one year.

Generally, larger insurers buy less reinsurance than smaller ones. Smaller insurers have less surplus, and thus are more vulnerable to catastrophic losses.

Of course, reinsurers are also insurance companies. They must collect more premium if they suffer unexpectedly large claims. Insurance companies pay different reinsurance rates based on their individual loss experience.

Do Disasters in Other States Affect My Insurance Rates?

Probably not as much as you think. Maine insurance regulators only allow insurers to file rates based upon Maine premium and losses. Claims that a company pays in California or Florida are not baked into Maine insurance rates.

But:

Insurance companies factor nationwide overhead costs into Maine rates. Cost like advertising, salaries – and reinsurance. Since events outside Maine influence reinsurance costs, they influence Maine customers’ rates. Just less than you might expect.

What’s the Difference Between a Homeowners Policy and Dwelling Fire Policy?

 

Two types of hazard insurance commonly cover Maine homes and property: a homeowners policy and a dwelling fire policy. Each can satisfy your mortgage company’s hazard insurance requirements. Homeowners and dwelling fire policies provide different coverage. Here are some of the major differences.

Homeowners Policy – Broader Coverage, Limited Eligibility

Maine homeowners insurance policies are designed for owner-occupied properties, usually one- or two-family homes. Insurance companies look to write homeowners policies on well-maintained year-round homes with good claim history.

Homeowners policies provide coverage for more classes of property than dwelling fire policies. Dwelling fire policies usually provide little or no contents coverage, while homeowners policies aim to cover most of your belongings. You can tailor a homeowners policy for special types of property like jewelry, art or firearms. These aren’t well covered by off-the-shelf homeowners policies or dwelling fire policies.

 

Dwelling Fire Policy – A La Carte Coverage for Unique Properties

Dwelling Fire policies are designed to cover only the things you or the insurance company want to. Is your roof is in poor shape? Your insurance company might exclude damage for water leaks. Own a Maine camp with no plumbing? You don’t need insurance for damage from frozen pipes.  Dwelling fire policies allow you to customize your policy by choosing from the basic DP-1 form, the broader DP-2 form, or the broadest DP-3 form.

Liability coverage on a dwelling fire policy is limited to the premises. Homeowners liability coverage follows you worldwide. Dwelling fire policies also don’t cover theft of contents. These characteristics make dwelling fire policies ideal for insuring tenant-occupied homes or income properties in Maine.

Comparing Homeowners and Dwelling Fire Policies

 

 

Do you live in Portland or the southern Maine area? Do you own rental or income property? We’re happy to answer your questions about hazard insurance for your mortgage lender, homeowners insurance or dwelling fire insurance. We can explain the difference between various policies. We offer a choice of several insurance companies, so we can shop and compare insurance for you, and help you choose the proper insurance to meet your needs. We’re independent and committed to you. Call Noyes Hall & Allen at 207-799-5541, or click the “get a quote” link above.

Retirement in Maine: How to Reduce Insurance Expenses

If you’re planning to retire or recently retired, CONGRATULATIONS! It’s time to enjoy what you’ve worked so hard for. Many people dream of retiring in Maine. Of course, some of us are lucky enough to already live here!

Retirement finances can be a source of anxiety. No matter how much you’ve saved for retirement, you may wonder:

  • Will I Outlive My Money?
  • How Can I Safely Reduce My Monthly Expenses?
  • Can I Reduce My Insurance Now that I’m Retired?
  • Can I Live on My Monthly Retirement Income?

retirement insurance expense reductionMaine Retirees Are:

  • House Rich – Maine condo and home values are at an all-time high. With even modest savings, you may have a lot of net worth to protect. Make sure you have enough insurance to rebuild or relocate after a disaster. Protect your assets against lawsuits from injuries or property damage you might cause.
  • Income Tight – You’re on a fixed income. Every monthly payment reduces your retirement fund. You watch expenses more closely than ever.
  • Closer to Home? – Travel is now for pleasure, not work. You may drive fewer miles than you used to. Do you plan go south in the winter? What happens to your home and your car while you’re away?
  • Uncertain About the Future – will you stay healthy enough to do the things you want to? If there’s a disaster, will you have enough money to live the life you do now? If you can’t drive, who will help you with your errands?
  • Done with Property Maintenance  – you spent years mowing, shoveling, landscaping and painting. Now someone else can climb the ladder or wrestle the snowblower. Hiring contractors can open you up to liability if they hurt someone – or themselves.

Do You Need Less Insurance in Retirement?

As you prepare for retirement in Maine, you may be eager to reduce your insurance costs. You want to keep monthly expenses down because you’re on a limited income. But you also want to protect the assets you’ve spent your life accumulating. A good insurance agent can help you pick the coverage you need within your budget.

5 Retirement Planning Insurance Value Tips

  1. Buy enough liability insurance – and not too much. Your auto and homeowners liability insurance limits should at least equal your net worth. If your total assets exceed $500,000, keep your umbrella policy (or buy one). Umbrella policies are one of the best insurance buys; $1 million coverage often costs less than $200 a year.
  2. Watch Your Maximum Out of Pocket – How much are you comfortable paying if something bad happens? Choose your home and auto insurance deductibles with that in mind. Larger deductibles reduce your monthly insurance costs.
  3. Compare Insurance Prices –  Because you’ll drive differently, and won’t be working any longer, your underwriting profile changes. Your current insurance company may still be the best value. Or maybe not. A Maine independent insurance agency like Noyes Hall & Allen can compare prices and coverage among several insurance companies with one phone call.
  4. Keep Maintaining Your Property – Regular maintenance helps you budget your expenses and maximize your insurance options real estate value. If you want to change insurers, your new insurance company will inspect your home. Even if you don’t change companies,  your insurer may inspect from time to time. If they find something that they’re concerned about, they will require you to repair it. It’s better to keep up with repairs and maintenance on your own timetable.
  5. Choose Contractors Wisely – Hire reputable and trustworthy people to work in and on your property. Ask them for proof of insurance. If they hurt someone or damage their property, or injure themselves, they should be responsible – not you. When hiring cleaning people, home health care or similar service providers, ask if they are bonded.  Bonding protects you against theft by someone you’ve let into your home.

Want a Pre-Retirement Insurance Review?

If you’re thinking about retirement in southern Maine, call a Noyes Hall & Allen Insurance agent in South Portland at 207-799-5541. Or, get several insurance quotes online from our website. We can help you check your current insurance, and let you know if it’s the best value. We can also give you cost-effective advice to customize your insurance to your exciting new life. If you’re moving to Maine in retirement, and looking for a new insurance agent, we’re happy to help. We offer a choice of several of Maine’s top insurers and can do the comparing for you. We can even introduce you to some wonderful local realtors and financial planners.

Either way, you’ll know that your insurance is solid and the cost is reasonable as you head into retirement. At Noyes Hall & Allen, we’re independent and committed to you.

The Most Important Insurance for Maine Cyclists

If you know me, you know that I like to bike year-round. Not every day, but most. I’m not alone. Two of our current staff of 10 regularly bikes to work.

bike commuter insurance guysWe’re lucky to live and work in the Portland area. Maine is ranked #17 most bike-friendly state by the League of American Cyclists. The Portland Maine Bicycle Commuting Facebook group has more than 650 members (including me).

As a bike commuting insurance agent, it’s about time I wrote to explain how common insurance policies can protect cyclists, and suggest the best insurance coverage for Maine cyclists. The good news: many cyclists already have the basic coverage; they may just need to adjust their policies to get the best protection.

Car Insurance for Bicycles?

Most cyclists are also drivers, so they have car insurance. They’re probably unaware that their auto policy protects them when they’re cycling.  One part, Uninsured Motorist Coverage, is especially critical when you’re riding your bike:

Uninsured Motorist coverage protects you against injury

  • caused by an accident that’s someone else’s fault
  • if that person had no insurance or insufficient insurance

 

UM coverage can pay:

  • hospital and medical care
  • prescriptions and therapy
  • lost wages
  • pain & suffering

How Uninsured Motorist Coverage Works

UM covers the difference between the limit you purchased and what the responsible party bought. An example: someone with Maine state minimum limits ($50,000 per person) hits you. Your medical bills, lost wages and pain & suffering total $100,000. Your UM policy will pay $50,000 if you purchased at least $100,000 of coverage.

Key Takeaways:

  • Buy as much UM coverage as you can. For most Maine auto policies that’s $500,000.
  • Some umbrella policies allow you to include UM up to an additional $1 million.
  • Even if you don’t own a car, you can buy a “named non-owner” policy, including UM coverage.

 

Bicycle Coverage on Home, Condo or Renters Insurance

The most common Maine property insurance policies cover:

  • Your bike and accessories against 16 “named perils”, including theft and vehicle damage.
  • Injuries or Property damage you cause to others while cycling
  • Legal defense against lawsuits for injuries or property damage.

They do NOT cover:

  • Collisions or dumping
  • Road damage such as potholes
  • Falling off a vehicle rack, driving into the garage with the bike on the roof rack, etc.

 

Key Takeaways:

  • Buy “replacement cost” coverage to avoid depreciation.
  • Buy “open perils” (sometimes called HO-5) homeowners coverage. This greatly expands the 16 named perils described above.
  • Your deductible will apply. Keep the value of your bike in mind when you choose deductibles.
  • Some insurance companies allow you to “schedule” your bike, which provides better (“open perils”) coverage, often at no deductible.

 

How Are Scooters, Mopeds or E-Bikes Insured?

Scooters, mopeds and similar self-propelled vehicles are considered “motor vehicles” by insurance policies. They should be insured on an auto or motorcycle policy. Maine State Law requires proof of auto insurance to register them. The insurance isn’t very expensive.

E-bikes are unique. They’re not considered to be “motor vehicles” by most auto insurance. But they ARE defined as motor vehicles on most homeowners policies, and thus EXCLUDED. That means no property OR liability coverage for e-bikes.

A few specialty e-bike insurance programs exist. For now, we recommend that you buy coverage from them to protect yourself against liability, theft and more. At this time, Noyes Hall & Allen does not sell any policy that can adequately protect e-bike owners.

If you’re a cyclist in Maine, and have questions about insuring yourself or your bike, call Noyes Hall & Allen at 207-799-5541. We understand cyclists and insurance. We’d be happy to help you protect yourself better. We offer a choice of Maine’s top insurance companies, and know how to advocate for our clients. We’re independent and committed to you.


Resources:

Maine’s data card from League of American Cyclists (.pdf)

Bicycle Coalition of Maine website

Portland Maine Bicycle Commuting Facebook Group

 

How to Compare Insurance Prices

There are lots of ways to compare auto, home, condo or renters insurance prices. Most people prefer to save time and work by getting several quotes at the same time. Two common methods: contact a local independent agent; or get multiple quotes from an app or web site. Businesses that produce these quote sites are called “aggregators”.

Aggregators: slick apps, relentless solicitation

Online apps are usually well-designed, easy and convenient to use. Most don’t sound anything like an insurance company. They often named after a food or an animal, for some reason. Or they sound like tech companies. That’s because most of them are not insurance companies. Although they promise insurance quotes, aggregators rarely present firm numbers. Instead, they sell your information to insurance agents and companies. It’s up to those agents to try to close the sale.

And they’re relentless.

I tried getting quotes recently. I’d barely clicked “submit” when my phone started ringing. It didn’t stop for 2 days. My voice mail clearly says I’m an insurance agent. You’d think they would quickly figure out that I wasn’t going to buy from them. But they kept calling back. And the emails! I gave them credit for persistence even as I cursed their repeated interruptions.

Think that’s unusual? Google insurance quote scams.

Of course, not all insurance quote sites are the same. Some provide an estimated price at the end of your session. But most of those still need more information from you to produce a policy. That can change the price.

Independent Agents: good insurance takes time

IA’s also offer several insurance options at the same time. They are locally owned businesses – about 35,000 in the US. Call or visit an independent agent and you’ll spend 10 minutes answering the questions they need to quote. Then, the agent compares rates and coverage and presents a recommendation. Instead of just taking your order, they use their local market and insurance knowledge to recommend the right solution. It may take a bit more time than the aggregator’s app, but that can be a great investment if  it helps you avoid an expensive mistake.

Some independent agents are more aggressive than others. Some even buy leads from aggregators. A few (like us) offer online insurance quotes 24/7 on their website. Most don’t share your personal information with anyone else.

It’s smart to shop around

Savvy consumers know to compare insurance prices. You can call several “one company stores”; give your information to an online aggregator; or choose a local independent agent that you trust. If you’re in Southern Maine, Noyes Hall & Allen Insurance might be the agent you trust. Find out. Call us at 207-799-5541, get insurance quotes online, or stop by our South Portland office. We’re independent and committed to you.

Why Isn’t it Cheaper to Buy Higher Property Insurance Deductibles?

 

Recently, a very smart guy asked on Twitter:

“why does it cost $19 a year to reduce my deductible from $1,500 to $1,000, but I only save $25 a year to increase it from $1,500 to $5,000? Shouldn’t deductible affect premium linearly?”

Another very smart guy responded with the snark that insurance often inspires:

 

 

Insurance Can Seem Illogical

Insurance is a big budget item. It costs a lot to protect your home, condo, car and other stuff (we won’t even start on medical insurance).

Insurance seems even more expensive because most of us don’t have claims very often. The average person has 3 or 4 auto accidents in their driving lifetime, and a home insurance claim every 12 years.

Insurance Is Mostly Math – and Math is Logical

The key concept of insurance is that everyone pays a fixed amount each year to avoid paying a huge and uncertain amount if something terrible happens. The money paid by the many goes to the few who have losses.

The typical fire claim is about $45,000. Liability claims average about $22,000, and water damage $9,000. Any of those would be a financial catastrophe for many Americans. Better to pay a fraction of that each year in predicable installments.

Insurance rates aren’t random. Insurance companies submit their rate requests to state insurance departments for approval. Those requests are accompanied by data about loss payments and current projections produced by math nerds called actuaries. The math can be heavy, and the results hard to understand.

So, Why Aren’t Deductible Costs and Savings Linear?

You might think that increasing your deductible by $1,000 should save twice as much as a $500 increase. That’s because you’re thinking about yourself, and your experience. The insurance company thinks about everyone’s claims, not just yours.

Most Claims are Small

While the average insurance claim is big, most claims are small. For every $100,000 fire claim, there are dozens of $1,500 ones. Think about it: every larger claim exceeds a smaller deductible, but not every claim reaches the larger one.

 

Example

Here’s an example of 3 deductible scenarios using 8 typical claims:

 

What happens when the deductibles increase to $2,500?

The insurance company sees that they pay 24% more on policies with $1,000 deductibles compared to $2,500 deductibles, so they offer a corresponding discount in their rates.

What if the deductibles were $10,000 instead of $2,500?

An individual or business owner might look at those figures and say “I’m taking a lot more risk with a jumbo deductible, so I should get a big discount”.

But the insurance company pays only 19% less, despite the $10,000 deductibles vs. $2500. The insurance company’s risk of claims payments isn’t linear, and so neither are the deductible savings. That’s why you don’t save as much when you buy a much larger deductible.

Logical, no?

Do you live or own a business in Southern Maine? Have questions about your personal or business insurance?  Contact a Noyes Hall & Allen Insurance agent in South Portland at 207-799-5541. We offer a choice of several of Maine’s top insurance companies. We can help you choose the most cost-effective property insurance deductible. We’re independent and committed to you.

Home Insurance and Swimming Pools: What You Need to Know

Spring is almost here, and as the ground begins to thaw, you may be thinking about having an in-ground pool or above-ground pool built in your backyard. If you are planning on having a pool installed, it can affect your homeowner’s insurance policy. Here at Noyes Hall & Allen Insurance, serving the greater Portland, ME area, we want you to know how and why pools affect your homeowner’s insurance policy. Here is what you need to know.

When to Notify Your Home Insurance

Many people prefer to talk to their home insurance company before they sign a contract to have a pool built. This allows them to budget for  any increases to their policy, and learn if the company requires any safety features. You aren’t obligated to let your home insurance company know about the pool until it is fully constructed.

Why You Need to Notify Your Home Insurance

There are many reasons why you need to notify your home insurance about your new pool. A new pool increases the value of your property and may create issues that home insurance would need to cover. It can be a safety hazard for visitors and neighbors. As such, your home insurance company may need to adjust your policy.

What Changes Need to Be Made to Your Home Insurance

The insurance company may require certain changes to your policy. Regardless, you may want to increase your liability insurance coverage, or add a personal umbrella policy. This helps to protect you in case someone injures themselves or drowns in your pool.

If you are looking to have a pool installed in the greater Portland, ME area, you may be looking to change your homeowner’s insurance policy too. When you are in the market for a new policy, contact a Noyes Hall & Allen Insurance agent. Call us at 207-799-5541, or compare Maine home insurance quotes online today. We represent several home insurance companies so we can help you find the best value. We’re independent and committed to you.

4 Insurance Secrets Top-Selling Realtors Don’t Share

 

Top real estate agents know secret hacks can make the difference between making a sale and losing one. Present a personal letter from the buyer to the seller with the offer. Quality staging and photography sell houses. An early conversation with sellers can help avoid cold feet later.

Knowing about home insurance can drive sales, too. That’s why the top-earning realtors learn these insurance secrets and use them to sell more homes.

“There’s a Lid for Every Pot”

Almost every home is insurable. There are different types of lenders, right? Same with insurance companies. No single insurer will cover every home. Some prefer to insure luxury homes. Others like mobile homes. Some don’t insure homes on the ocean. Others do. Your client who buys a “fixer-upper” may use the specialty market until their project’s done, but coverage IS available for almost any home you sell.

A Good Buyer Can Insure a Difficult Home

Knob & tube wiring. An old roof. Electrical fuses. An unfinished deck. These are a few of insurance companies’ unfavorite things. You’ve heard about that “blacklist”. Buyers can’t insure homes with these issues. There’s some truth in that. But insurance companies are more flexible than you think.

Insurers underwrite people AND properties. A solid buyer with a credible plan to quickly fix property issues can still find good coverage at a great price. Need 30 days to get the work done? Insurance companies may allow it if an insurance agent they trust represents the client.

Insurance is More than a Binder

A lot happens between contract and closing. It’s easy for realtors and buyers to see “proof of insurance” as something to check off the list. Find a good price. Get your binder. Move on.

Not so fast.

What happens AFTER the closing? Will the price go up? Will the company cancel the policy after inspection? Will there be enough insurance to rebuild after a fire? Does their insurance dovetail with their condo association master policy? Will they have the right coverage to repair storm damage?  Recommend the wrong agent, and your referrals can dry up.

Speed is important. But insurance is more than a binder.

Your Insurance Referral Partner Makes a Difference

Which insurance agent do you refer your buyers to? Do they:

  • Offer a choice from many insurance companies?
  • Respond to you, your buyer and the lenders?
  • Thoroughly review the property and recommend the right coverage?
  • Advocate for your buyer to the insurance companies?
  • Adapt to changes between contract and closing?
  • Promise to be there for your buyer AFTER the closing?

Looking for a referral partner who knows the insurance market? One who works for your buyer as hard as you do, and owns and manages their own local independent business? One where your buyers can get quotes on their own from 5 insurance companies in 10 minutes? Contact Noyes Hall & Allen Insurance in South Portland. Since 1933, we’ve been independent and committed to you.

 

 

Insurance for Your Coastal Maine Home

 

You’ve found your dream home on the coast of Maine. Congratulations! Now you want to protect your investment. And, if you have a mortgage, your lender requires insurance.

photo of a waterfront homeMany U.S. insurers restrict coverage for homes and properties near the ocean. They aren’t concerned about storm surge or water damage. Homeowners policies don’t cover flood or surface water. Wind is the issue. Homeowners, condo and renters insurance policies DO cover wind damage. That’s what insurance companies worry about.

The coast of Maine gets few hurricanes or tropical storms. But we still get nasty windstorms. Not as much as warmer states, but often enough. In the past 6 months, southern Maine has had 3 storms with damaging coastal winds. Properties closest to the coast are more susceptible. The same scenic view that drew you to your neighborhood exposes your home to wind. There’s no barrier to break up winds that come off the ocean. Buildings, trees and hills disperse winds farther inland.

Can You Find Insurance on Maine Oceanfront Property? 

The good news is that insurance is readily available. Your policy may have a special wind deductible, and you may pay more than your inland neighbors. But you also paid more for your property because of its beautiful location. Higher taxes, too. It’s a lifestyle choice.

How Close to the Coast is an Insurance Problem?

Insurance company underwriting varies. Some insurers will insure any home that’s more than 1000 feet (about 0.2 miles) from the ocean. Others draw the line at 1500 feet. Some apply special wind deductibles for any home within a mile of the coast. Others don’t.

Is this your primary home or a vacation home? Insurers are more eager if they have a chance to write your auto, boat or other insurance.

Is this an island property? Even if your home is more than 1000 feet from the coast, you may have few options available. A knowledgeable local agent can help you find your options.

How To Compare Insurance Quotes for Maine Oceanfront Property

The easiest way to survey the market is to contact an independent insurance agent like Noyes Hall & Allen in South Portland. Unlike State Farm, Allstate, GEICO, Progressive or USAA, we offer a choice of insurance companies. We know Greater Portland and the Casco Bay area. We know which insurance companies will insure coastal properties. We can check the market for the best value combination of price and coverage.

If your home is over 1000 feet from the ocean, get homeowners insurance quotes 24/7 from our website. If it’s closer than that, best to call a Noyes Hall & Allen Insurance agent in South Portland at 207-799-5541. We’re independent and committed to you.

 

What About Flood Insurance in Maine?

Flood damage isn’t covered by home insurance. The National Flood Insurance Program (NFIP) is a government program insuring against the peril of flood and surface water. Buy it where you buy your home insurance. Every insurance agent can sells it, and the rates are the same wherever you buy it.