Homeowners Insurance Massachusetts

Homeowners Insurance proudly offered by your local independent insurance agent LoPriore Insurance Agency

LoPriore Insurance Agency understands that your home or property is more than just a place to live. Your home is a sanctuary for you and your family and one of the most significant investments you’ll ever make. Protecting your property and personal contents is very important. Thus, we make it our primary focus. If the unthinkable occurs and your home sustains significant damage, Homeowners insurance provides you with the coverage you need to get back on your feet.

At LoPriore, our motto is insurance that fits your lifestyle. No two homes or families are alike, so we never offer one-size-fits-all insurance plans. With an impressive portfolio of numerous national and regional insurance companies, we offer competitive solutions designed to fit your insurance needs and your pocketbook.

 
  • WHAT IS IT
  • WHY DO I NEED IT
  • WHO IS IT FOR

Homeowner insurance is a policy that provides coverage for your home and possessions in the event of loss or damage. the policy covers a variety of incidents. Thus, add additional coverage for extra protection. Personal liability protects you from damages caused by you or those living in your home.

While you have the option of whether to purchase house insurance, it's a cost-effective way to keep your home and belongings protected. Many mortgage lenders require you to purchase homeowners insurance as part of your mortgage agreement. Even if you're not required to have homeowners' insurance, it helps you avoid financial hardship in a disaster.

Anyone who owns a single-family home or multi-family residence can benefit from homeowners insurance. Indeed, affordable premiums will allow you to have the protection you need if damage occurs.

Coverage Details

Homeowners Insurance MA

There are a variety of options when deciding the amount of coverage you need for your home. The policy you choose needs to be broad enough to cover the cost of repairing or replacing your home and possessions in the event of a loss or significant damage. Also working with your independent insurance agent can help you choose the best home insurance company to obtain a competitive homerowners insurance quote.  

LoPriore Insurance Agency offers a complete range of comprehensive homeowners protection policies for single or multi-family homes. Thus, choose from a variety of deductibles and coverages that will allow you to tailor your coverage to fit your unique lifestyle and budget.

Insurance Coverage for Your Home

An HO-3 Home Insurance policy is designed to protect your home and property in the event of unexpected disasters affecting your home. Indeed, it is the most common type of homeowners insurance policy. The HO-3 policy covers sudden unexpected risks to your home. Your home insurance policy covers additional surrounding structures. This means unattached buildings like sheds and garages will be covered as well.

Most house policies are based on a replacement cost basis. This means reimbursement for a claim is based on the current cost of repairs and replacement instead of the cost you originally paid. Thus, you will work closely with an experienced agent to determine the amount of coverage needed to repair or replace your home.

Extra Coverage

Your property extends beyond your home and your policy provides extra coverage as well. In fact, extra coverage on your home insurance policy includes:

  • Debris removal
  • Emergency removal of property during times of risk
  • Trees, shrubs, and other plants
  • Inflation protection

Personal Property

A homeowners insurance policy also covers personal property damages. However, personal property coverage is based on risks or perils specifically named in the policy. Our personal property coverage can be described as “coverage ’round the world”. Thus, your furniture, clothes, and other possessions are protected. Indeed, no matter where you are, your possessions are covered from fire, theft, hail, or other perils listed in your policy.

Specific amounts within the personal property coverage include some of the following items.

  • Money and coin collections: $200
  • Securities and stamps: $1,000
  • Manuscripts: $1,000
  • Theft of jewelry, watches, and fur: $1,000
  • Watercraft: $1,000
  • Trailers: $1,000
  • Personal computer coverage: $2,500
  • Theft of silverware and goldware: $2,500
  • Trading cards, comic books, and memorabilia: $1,000
  • Theft of cameras, tools, or firearms: $2,000
  • Credit card, forgery, and counterfeit money: $1,000
  • Trees, shrubs, and plants: $500

Personal property losses are generally settled on the actual cash value of your possessions at the time of your loss. However, you can choose a replacement cost option for your possessions as well. With replacement cost, you would be reimbursed for replaced items after your deductible is paid.

If you have items that aren’t sufficiently covered by your policy, you can purchase additional policies. For example, it covers your fine arts, antiques, furs, jewelry, and other valuable items. Ask our experienced agents about a personal articles policy.

Additional Protection Included in Your Homeowners Insurance Policy

  • Loss of Use Coverage: If your home is significantly damaged to the degree you must temporarily reside somewhere else, your policy provides loss of use coverage. This means your increased living expenses will be paid after a covered event.
  • Liability: Liability protects the members of your home for injuries and damages they’re legally responsible for. This coverage provides protection for individuals who are injured on your property when members of your home are responsible for damage to the property of others, or when lawsuits are brought against you.

Optional Insurance Policies to Increase Your Coverage

  • Personal Umbrella Insurance: This policy provides additional liability for your home and other items.
  • Flood Insurance: Most homeowners’ insurance policies don’t cover floods. However, this policy will provide coverage in the event of flood damage.
  • Personal Articles Policy: If you own valuable possessions that need additional coverage, a personal articles policy can help.

So what are you waiting for? to get started!

FAQs

How Much Insurance Coverage Do I Need For My Home Insurance?

Insurance Agents use a replacement cost estimator to determine the value to insure your home based on the information and characteristics you provide about the property to adequately protect your home.

How Can I Lower the Cost of my Homeowners Policy

Higher deductibles usually are available to help you save money. At LoPriore Insurance Agency, we also offer a variety of special discounts to help lower your rates. Check if you qualify for any of these discounts.

  • New home – A discount is available for more modern homes.
  • Mature homeowners – A discount for policyholders who are 55 years of age or older and retired. For married couples, one spouse must be at least 55.
  • Multi-policy discount – Available if you have both homeowners and automobile insurance with us.
  • Protective Devices – Available for an automatic sprinkler system, a central fire alarm system, a central burglar alarm system, and a combination of smoke detectors (one per living level), deadbolt locks (on all exterior doors), and fire extinguisher(s).
  • Claim free discount – Available only to those who have been our customers for several years.
  • Nonsmoker discount
  • Renewal credit
What Is A Home Insurance Binder?

A Home insurance binder provides proof of insurance coverage related to the property insured which, clearly states coverages and includes any loss payees or additional interests if there are any.

Is My House insurance Premium Included In Your Mortgage Payment?

Yes, if your lender has set up an escrow account to pay your insurance premium, we can bill mortgagee or lender directly. This option is a widespread practice lenders use to pay your home insurance and even your property taxes.

Does my home insurance cover AIR BNB and short-term rentals?

Renting your home can sound like a financial windfall, although your homeowner’s insurance policy may not include coverage for home-sharing. Before you rent your property on a short term basis, contact your independent insurance agent to discuss options that add the additional coverage needed to protect your property against damage and personal liability claims.

Quality Homeowners Insurance Policies in Massachusetts from LoPriore Insurance Agency

Home insurance provides valuable protection. Significant damage or the total loss of your home or personal property can be a major financial setback. Homeowners insurance provides you with the protection you need to get back to normal after disaster strikes. Keep in mind some exclusions may apply to the standard homeowners insurance policy and you purchase back to ensure a covered loss.  

LoPriore Insurance Agency is an independent agency providing a variety of policies to protect your home and possessions. Get in touch today for more information about our homeowner’s insurance policies, to get a quick quote, or to have your questions answered by an experienced local agent.

Have any Question? Ask us anything, we’d love to answer!

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