Cheap Homeowners Insurance Cambridge Maryland - [Mom Prepared] (2025)

As a wife and mother of four children, finding affordable homeowners insurance in Cambridge, Maryland is a top priority for me. With a bustling household full of adults and kids of various ages, it’s important to have the right coverage in place to protect our home and belongings. In this article, I will explore the different types of dwellings in Cambridge and their average insurance rates, as well as discuss the importance of having adequate coverage for families like mine. Additionally, I will address four often overlooked issues when it comes to homeowners insurance and provide tips on how to navigate them. Finally, I will answer 11 common questions about homeowners insurance to help you make informed decisions for your family.

In Cambridge, there are five main types of dwellings that homeowners may live in: single-family homes, condos, townhouses, apartments, and mobile homes. Each type of dwelling comes with its own unique insurance considerations and average rates.

Single-family homes are the most common type of dwelling in Cambridge, and insurance rates for these homes can vary depending on factors such as the age and condition of the home, its location, and the coverage limits chosen. On average, homeowners insurance for a single-family home in Cambridge costs around $1,200 per year.

Condos in Cambridge are also popular among homeowners, especially those looking for a more maintenance-free lifestyle. Insurance for condos typically covers the interior of the unit, while the exterior is covered by the condo association’s master policy. The average insurance rate for a condo in Cambridge is around $800 per year.

Townhouses are another common type of dwelling in Cambridge, offering a middle ground between single-family homes and condos. Insurance rates for townhouses are similar to those for single-family homes, averaging around $1,200 per year.

Apartments in Cambridge are popular among renters, but it’s important for tenants to have renters insurance to protect their belongings in case of theft, fire, or other disasters. Renters insurance for an apartment in Cambridge typically costs around $200 per year.

Mobile homes are another option for homeowners in Cambridge, offering a more affordable housing option. Insurance rates for mobile homes can vary depending on factors such as the age and condition of the home, its location, and the coverage limits chosen. On average, homeowners insurance for a mobile home in Cambridge costs around $800 per year.

For families like mine, having adequate homeowners insurance is crucial to protect our home and belongings. With four children of various ages running around, accidents can happen, and having the right coverage in place can provide peace of mind. Homeowners insurance can cover a wide range of perils, including fire, theft, vandalism, and natural disasters, ensuring that our family is protected in case of an emergency.

In addition to the standard coverage offered by homeowners insurance, there are four often overlooked issues that homeowners should be aware of when it comes to their policy:

1. Flood insurance: Many homeowners insurance policies do not cover damage caused by flooding, so it’s important to purchase a separate flood insurance policy if you live in a flood-prone area. In Cambridge, flooding can be a concern, especially during hurricane season, so it’s important to ensure that you have the right coverage in place.

2. Sewer backup coverage: Sewer backups can cause extensive damage to your home and belongings, but many homeowners insurance policies do not include coverage for this peril. Adding sewer backup coverage to your policy can provide protection in case of a backup, saving you from costly repairs.

3. Replacement cost coverage: Some homeowners insurance policies only provide actual cash value coverage for your belongings, which takes depreciation into account when determining the value of your items. Opting for replacement cost coverage instead ensures that you will receive enough money to replace your belongings at today’s prices, without factoring in depreciation.

4. Home business coverage: If you run a business out of your home, it’s important to have the right coverage in place to protect your business assets. Many homeowners insurance policies do not cover business-related losses, so it’s important to purchase a separate business insurance policy to ensure that your business is protected.

When it comes to homeowners insurance, there are 11 common questions that homeowners may have:

1. What does homeowners insurance cover?

Homeowners insurance typically covers damage to your home and belongings caused by perils such as fire, theft, vandalism, and natural disasters. It also provides liability coverage in case someone is injured on your property.

2. How much homeowners insurance do I need?

The amount of homeowners insurance you need depends on factors such as the value of your home and belongings, your location, and your coverage needs. It’s important to work with an insurance agent to determine the right amount of coverage for your specific situation.

3. What factors affect the cost of homeowners insurance?

The cost of homeowners insurance is influenced by factors such as the value of your home and belongings, the location of your home, your coverage limits, and your deductible. Additionally, factors such as your credit score and claims history can also impact the cost of your insurance.

4. Can I save money on homeowners insurance?

There are several ways to save money on homeowners insurance, such as bundling your home and auto insurance policies, increasing your deductible, installing safety features in your home, and maintaining a good credit score. Additionally, shopping around and comparing quotes from multiple insurers can help you find the best rate.

5. What is a deductible?

A deductible is the amount you are responsible for paying out of pocket before your insurance coverage kicks in. For example, if you have a $1,000 deductible and file a claim for $5,000 in damages, you would pay $1,000 and your insurance company would pay the remaining $4,000.

6. What is liability coverage?

Liability coverage is a component of homeowners insurance that provides protection in case someone is injured on your property and sues you for damages. Liability coverage can help cover legal expenses, medical bills, and other costs associated with a lawsuit.

7. Do I need additional coverage for high-value items?

If you have valuable items such as jewelry, artwork, or collectibles, it’s important to ensure that you have adequate coverage for these items. Adding a scheduled personal property endorsement to your policy can provide additional coverage for high-value items.

8. How does my credit score affect my homeowners insurance?

Many insurance companies use credit scores as a factor when determining insurance rates. Maintaining a good credit score can help you qualify for lower insurance rates, while a poor credit score may result in higher premiums.

9. What should I do if I need to file a claim?

If you need to file a homeowners insurance claim, it’s important to contact your insurance company as soon as possible to report the loss. Be prepared to provide documentation of the damage, such as photos and receipts, and cooperate with the claims adjuster to expedite the claims process.

10. Can I cancel my homeowners insurance policy?

You can cancel your homeowners insurance policy at any time, but it’s important to have a new policy in place before canceling your current coverage to avoid a lapse in coverage. Additionally, some insurers may charge a cancellation fee if you cancel your policy mid-term.

11. How often should I review my homeowners insurance policy?

It’s a good idea to review your homeowners insurance policy annually to ensure that you have adequate coverage for your current needs. Changes such as home renovations, additions to your family, or changes in your belongings may require adjustments to your policy to ensure that you are properly protected.