We think it makes great financial sense to purchase a Baltimore Equitable Insurance policy and here’s why:
With a “Normal” Insurance Policy or Annual Premium Policy – a $400,000 annual premium policy can cost you approximately $980 a year. After 15 years you will have paid about $18,250 (assuming a 3% increase each year).
More importantly, you will never get any of the $18,250 refunded to you. It is now in the pockets of your term homeowner’s company.
With a Perpetual Homeowners Policy from Baltimore Equitable Insurance
After the initial phone call and estimate of deposit, a friendly, experienced team member will meet with you in person in order to arrive at a cost to rebuild your home.
Once they have completed the inspection, the Baltimore Equitable Insurance agent may find that it costs $400,000 to rebuild your home.
A $400,000 Baltimore Equitable Insurance perpetual policy will cost $16,800 in deposit.
Remember the uniqueness of the perpetual policy! The $16,800 is fully refundable and you never need to purchase that $400,000 of insurance again.
You do the math:
$18,250 paid over 15 years with no insurance or money to show for it
$16,800 paid which is totally refundable when you no longer need insurance
That’s why, when all is said and done, our perpetual insurance policy adds up to a much better choice for homeowner’s insurance