Homeowners Insurance in Massachusetts
Anyone who owns a home needs homeowner insurance. Home ownership ranks nationally as the number one personal investment. If you own your home, free and clear of any loans or with a loan, it is a wise policy to insure this investment against risks. Lending institutions require the new homeowner or the homeowner refinancing a home to purchase homeowners insurance. Failure to do so will prevent your loan from closing or, in the case of an existing homeowner, results in default of the conditions of their loan.
Protecting Coastal Homeowners
While a homeowner should not rely exclusively on the coverage levels required by the bank or mortgage company, the homeowner's insurance policy must at least meet these minimums to prevent default. The homeowner or condo owner should know that the levels of insurance required under the mortgage contract are usually designed to protect the only the house itself. These levels of insurance will not necessarily protect your possessions and will not even protect the house under certain occurrences such as earthquake and flood. While the loss of your home by fire is covered by homeowners insurance, most homeowners do not maintain the right amount and type of insurance coverage. We will work with you to evaluate your existing homeowners insurance coverage and be sure that you get the coverage need. We help clients throughout Cohasset, Hingham, Scituate, Norwell, Boston and beyond find the best homeowners and condo owners insurence to meet and exceed your needs.