BOI header

FOR IMMEDIATE RELEASE    

February 03, 2026

Contact: Paige Courtney                                                                                                

(207) 624-8595 

 

*Homeowners Encouraged to Regularly Review Their Insurance Policy for Potential Discounts*

The Maine Bureau of Insurance encourages homeowners to review their homeowners policy to make sure they receive all available discounts. Premium discounts may be available for home improvements, positive updates in personal finances, and other changes. Policyholders should reach out to their insurance company or agent to discuss changes that may entitle them to premium discounts.

Insurance companies often offer discounts for maintenance work and home upgrades, such as installing a new roof or updating plumbing, heating, or electrical systems. Some insurance companies offer discounts for installing smoke detectors, sprinkler systems, storm shutters, and back-up generators. Home security features, such as burglar alarms, door deadbolts, and window security devices may also qualify for discounts. Homeowners should report any major repair or renovation to their insurance company or agent so their homes are properly insured and the homeowner receives all applicable discounts.

If you manage your finances well, you may qualify for discounts based on your credit history, outstanding debt, and insurance loss data (previous claims). Some insurers also use this information to calculate an insurance score that can affect premiums. Many insurers offer a discount if you purchase both homeowners and auto insurance from the same company.

“Mainers should talk to their agent or insurance company regularly to make sure they are getting every discount they qualify for. It also never hurts to ask if you should switch to a different coverage option depending on the extent to which your property or personal circumstances have changed,” said Bob Carey, Superintendent of the Bureau of Insurance. Carey also noted that “a well-cared for home can lower insurance costs in addition to being its own reward.”

To learn more about homeowners insurance, including information on how premiums are determined and advice for selecting a policy, contact your agent or your insurance company.  In addition, the Bureau has developed the "Consumer’s Guide to Homeowners Insurance", which can be found at [link removed] [ [link removed] ]. More information about insurance scores can be found in the Bureau’s "Consumer’s Guide to How Insurers Use Credit Information to Calculate Your Insurance Score for Personal Auto and Homeowners Insurance, "which is available at the same link. If you have concerns about your homeowners insurance or other types of insurance, please contact the Bureau by visiting www.maine.gov/insurance [ [link removed] ], calling 800-300-5000 (TTY call Maine Relay 711), or e-mailing [email protected].

###

"Consumers with questions about insurance matters can obtain information and assistance from the Maine Bureau of Insurance by visiting ""www.maine.gov/insurance" [ [link removed] ]", calling 800-300-5000 (TTY call Maine Relay 711), or e-mailing ""[email protected]" <[email protected]>".  See more about ""how the Bureau can help" [ [link removed] ]".                                                                                                                                            "

*Maine Bureau of Insurance/Department of Professional & Financial Regulation*
*US Mail Address:* 34 State House Station, Augusta, Maine 04333
*Physical Address:* 76 Northern Avenue, Gardiner, Maine 04345
*Phone:* (207) 624-8475 or 800-300-5000 (in Maine); TTY: Maine Relay 711
*Email:* [email protected] *Web:* www.maine.gov/insurance [ [link removed] ]



SUBSCRIBER SERVICES:
Manage Subscriptions [ [link removed] ]  |  Unsubscribe All [ [link removed] ]  |  Help [ [link removed] ]


________________________________________________________________________

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Maine Bureau of Insurance · 76 Northern Avenue · Gardiner, Maine 04345  GovDelivery logo [ [link removed] ]