Homeowners Insurance for Portland, Yarmouth, & Freeport

If you are looking for an insurance quote for your home located in Portland, Yarmouth, or Freeport, contact one of our offices in Maine today. Cross Insurance has been helping Mainers with their insurance needs since 1954 and is a third-generation company located mainly in the Northeast. Our experience in the industry helps us to work with many different insurance carriers– from New England based companies to national names. This means more options for our customers. Requesting a quote for your home is as simple as filling out our form here. If you prefer to call someone to start the quoting process, you can find a list of all of our offices and phone numbers here.

aerial view of portland maine's homes and community

How Much Home Insurance Do I Need? 

Determining the right amount of insurance coverage for your home can be difficult. If your home were vandalized or lost in a fire, think about what it would take to replace or rebuild. Contacting an insurance agent to ask about appropriate coverages for your home may help answer some of your questions. Agents can evaluate the limits on your dwelling, personal property, other structures, loss of use, and liability to help estimate how much insurance you may want to consider.

  • Dwelling coverage commonly refers to the actual structure of your home, which may include things like an attached porch or connected garage
  • Personal property refers to your belongings- Your furniture, appliances, jewelry, sporting equipment, and additional items you own
  • Other structures can mean structures not attached to your home, such as a shed or detached garage
  • Loss of use can provide compensation for things such as temporary housing or eating out if your home is deemed unfit to live in due to a covered loss
  • Liability coverage can provide coverage if someone is injured while on your property

Contacting Cross Insurance to help review the limits on these coverages can help to see if they suit your needs, which can help start the process of determining the amount of coverage you may want to consider for your homeowners policy.

cottage on the coast of maine

Replacement Cost vs. Actual Cash Value 

When it comes to homeowners insurance, you should understand some of the key terms and what they mean. Replacement Cost and Actual Cash Value are possibly two of the more common terms used. Actual cash value, sometimes referred to as ACV, typically is used to reimburse you for the current value of an item. This usually means the original cost or value, minus depreciation. Replacement cost value (RCV), on the other hand, typically will reimburse you for the current cost to replace the item, up to applicable policy limits. 

Does My Home Need Flood Insurance? 

If your home is in Portland, Yarmouth, or Freeport you may enjoy a lovely waterfront view, but with this waterfront view comes the risk of floods. You can use this flood map from FEMA to see if your home is in an area with high, moderate, or low flood risk. Typically, most homeowners insurance policies does not cover damage caused by floods. In addition, your mortgage lender may require you to carry flood insurance, depending on which flood zone you live in.

rocky shoreline on the coast of yarmouth maine

Other Insurance Coverages for Portland, Yarmouth, and Freeport

In addition to options to cover your home in Portland, Yarmouth, or Freeport, we also offer insurance for autoboatATVmotorcycles, and more. Along with insurance for individuals, we also offer coverages for businesses such as general liability, cyber, inland marine, and more.

How Much is Homeowners Insurance in Maine?

How much you will pay to insure your home in Maine will depend on a number of different factors. The size and location of your home, as well as what coverages you choose, can all go in to calculating the price. Additionally, your claims history can play a role in how much you will pay. To get a picture of what you could pay, reach out to one of our offices today to request a quote.

Ways to Potentially Save on Homeowners Insurance in Maine

If you are looking to on your homeowners policy, one possible solution is to get pricing options from different companies. Our Maine-based insurance agency can give you options from different insurance carriers. Ask your local insurance agent if you can reduce your premium by buying multiple coverages from the same carrier, such as home and auto. Your local insurance agent may also know about additional discounts for security devices, such as installing an alarm system.



This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.


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