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Maine Homeowners Insurance Information
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Whether you own a house, condominium or townhouse, for
most people their home is their most important investment. Kieffer Insurance offers Maine Homeowners Insurance policies that have flexibility to meet your individual needs and above all, provide you with the security that comes only from the knowledge that your home is safe. |
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Homeowners Insurance is one of the most popular forms of
personal insurance and the typical Maine Homeowners Insurance policy has two main sections: |
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Homeowners insurance is often required by lenders to obtain
a mortgage and nearly everyone, whether you own or lease property, should have the protection of homeowners insurance. |
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Click on the link below to fill out a quote request form
for a Home Insurance policy that will provide excellent homeowners insurance coverage at an affordable cost. Or speak with our Maine Homeowners Insurance agent specialist at 207-496-3661 to discuss the features. |
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We are your local Aroostook County, Maine full-service insurance agency,
offering affordable Maine Homeowners Insurance policy premiums to residents of the following towns and counties: Caribou, Presque Isle, Van Buren, Houlton, Perham, Washburn, Crouseville, Mapleton, Fort Fairfield, Ashland, New Sweden, Portage, Limestone, Mars Hill, Bridgewater, Easton, Blaine, Guerette, Keegan, St. Agatha, Grand Isle, Fort Kent, Madawaska, St. John, St. Francis, Dickey, Clayton Lake, Allagash, Winterville, Knowles Corner, Smyrna Mills, Littleton, Ludlow, Millinocket, Bangor, Waterville, Pittsfield, Augusta, Auburn, Lewiston, Bar Harbor, Ellsworth, Belfast, Bucksport, Bath, Portland, Saco, Biddeford, Penobscot County, Piscataquis County, Somerset County, Washington County, and Cumberland County, ME. |
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Maine Homeowners, Auto
& Business Insurance Specialists
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Kieffer Insurance
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Proudly Serving
Maine since 1926!
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Copyright 2004-2008 Kieffer Insurance - All rights reserved
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Kieffer Insurance
101 High Street
Caribou, Maine 04736
Aroostook County, ME
(207) 496-3661
Fax: (207) 498-6012
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Homeowners
Insurance |
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Maine Homeowners Insurance Policy FAQ
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Covered losses under a Maine homeowners insurance policy can be paid on
either a replacement cost basis or on an actual cash value basis. When "actual cash value" is used, the policy owner is entitled to the depreciated value of the damaged property. Therefore, the older the item is, the less money you may receive for it. If you choose the "replacement cost" coverage, the homeowners insurance policy will reinburse the amount it costs to replace the property with something of a similar type and quality at current prices. |
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Replacement Cost or Actual Cash Value
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Maine Homeowners Insurance Policy FAQ
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An "All Risks" policy provides the broadest Maine homeowners insurance
protection because it will cover losses that are due to any peril except those specifically excluded in the policy. A "Named Perils" policy covers losses that are due to only those perils listed in the standard Maine Homeowners Insurance policy and typically include fire, hail, windstorm, and other physical losses. |
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All Risks or Named Perils
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Maine Homeowners Insurance Policy FAQ
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If your policy limit is less than 80% of the replacement cost of your
home, you will face a "coinsurance penalty," which means you'll have out-of-pocket expenses to cover costs beyond the policy deductible you chose. For example purposes we will assume your home's estimated replacement value (RCV) is $100,000. The co-insurance clause requires you carry at least $80,000 (80% of your RCV). If you chose to purchase only a $40,000 Maine Homeowners Insurance policy you would be underinsured by half. Therefore, in the example the insurance company would pay one-half of a loss less the policy deductible, so if you suffered a $10,000 covered loss to your house, condominium or townhouse and had a $500 deductible, your policy would only pay $4,500. |
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Coinsurance Penalty
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Maine Homeowners Insurance Policy FAQ
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Personal liability in a Maine homeowners insurance policy is also an
important part of having security from accidents that may occur on your property. We suggest you choose coverage limits that are not less than those on other liability insurance you own, such as car insurance. |
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Personal Liability
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Maine Homeowners Insurance Policy FAQ
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Click on the link below to fill out a quote request form for a Home
Insurance policy that will provide excellent homeowners insurance coverage at an affordable cost. Or speak with our Maine Homeowners Insurance agent specialist at 207-496-3661 to discuss the features. |
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Section I - insurance coverage for your property
Section II - personal liability coverage (to cover you in case
of lawsuits arising from things that happen on your property) |
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"The County's Trusted Choice"
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