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Stoneham, MA 02180

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Fax: 781-438-6790

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Home Insurance
For First Time Home Buyers

New Home, New Adventures, New Home Insurance

Congratulations on the purchase of your new home! It’s a big step and one of the most exciting decisions you’ll ever make. Your new home is more than a building. It’s a safe haven for your family and an investment you need to keep secure. Protecting your new home with the right home buyers insurance policy is a vital step to protect against potential risks.

The experienced agents at LoPriore Insurance can help you understand new homeowners insurance and lay out the options available to you. With access to a wide variety of insurance providers, we can guide and protect you throughout the entire process.

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Home Insurance
For First Time Home Buyers
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Massachusetts New Home Insurance
Lopriore Insurance Agency

New Home Insurance

We understand that buying a home is a big process. There’s a lot to do, and securing homeowner’s insurance can seem like one more chore you need to quickly check off a list. Still, it’s important to remember that the coverage you choose is designed to protect you, your family, your new home, and your possessions. Making a rushed decision could lead to a significant loss in the event of an unexpected and unwanted event. Here are three reasons you should make a careful decision when purchasing home insurance.

Understanding the Importance of
new Home Insurance

Why is new home insurance so important? Let’s break it down and see why it’s a must-have.

What is It?

Home insurance, often called homeowners insurance, is a form of property insurance designed to protect your home and its contents from various risks such as theft, fire, and certain natural disasters. Additionally, it can cover liabilities from injuries that might occur on your property.

Why Do I Need It?
  • Asset Protection: Your home is likely one of your largest investments. Insurance ensures you can repair, rebuild, or replace if something happens.
  • Mortgage Requirement: Most lenders mandate home insurance to secure their investment.
  • Liability Coverage: Protects you financially if someone is injured on your property or by something on it.
Who Is It For?
  • Homeowners: To protect against loss or damage to the property.
  • Mortgage Borrowers: As a condition of their home loan.
  • Landlords: To safeguard their rental properties.

How To Insure My New Home

A new home is a place of fresh beginnings, cherished moments, and newfound dreams. And while it’s a source of immense joy, it also comes with responsibilities, one of which is ensuring its protection. Let’s explore how to get your home insured

Tips for buying New Home Insurance

When purchasing event insurance, it’s essential to ensure that you’re making an informed decision

Ask About Discounts

Insurance providers may offer discounts for safety features like burglar alarms, smoke detectors, or deadbolt locks. There might also be discounts for new homes or being claim-free.

Inventory Your Belongings

Make a detailed list of your personal possessions with estimated values. This will help in determining how much personal property coverage you need.

Inquire About Discounts

Many insurers offer discounts for safety features (e.g., smoke detectors, security systems), bundling policies, or having a new or recently renovated home.

How much does New Home Buyers Insurance Cost?

The cost of home insurance for first-time homebuyers varies widely based on numerous factors. As of my last training data in September 2021, the national average cost of homeowners insurance in the U.S. was about $1,200 per year, but that’s a generalized figure. For first-time homebuyers specifically, the cost will depend on:

New Home Buyers Insurance
Home Age
& Construction
Home Value
Safety Features
Credit Score
Claims History
Deductible Amount
Location of Home
Click On Each Factor
To Learn More

Factors that Affect The Cost Of Home Insurance

For first-time homebuyers, understanding what drives home insurance rates can be crucial for budgeting and making informed decisions. Here are some key factors that insurance companies typically consider when setting premiums for first-time homeowners:

First-Time Homebuyers, Insure and Save Today!
Request Your New Home Insurance Quote Today!

Give your new home the superior protection it deserves. As first-time buyers, you can now secure a tailored insurance quote by clicking here. Trust us to guide you through the process and offer a personalized insurance solution that perfectly aligns with your needs as a first-time homeowner.

New Home Insurance Coverage Details

Home insurance typically encompasses several standard coverages to protect homeowners from various risks. Here’s a brief description of these standard coverages:

Standard Coverage

Dwelling Coverage
This is the foundational part of a homeowners insurance policy. It covers the repair or rebuild costs of the physical structure of your home if it's damaged by a covered peril like fire, hail, or wind.
Other Structures Coverage
This covers detached structures on your property, such as garages, sheds, and fences. If a covered peril damages these, this coverage will pay for repairs or replacements.
Personal Property Coverage
This provides for the repair or replacement of personal belongings inside your home, like furniture, clothing, and electronics, if they are stolen, damaged, or destroyed by a covered event.
Loss of Use Coverage
If a covered peril renders your home uninhabitable, this coverage pays for additional living expenses (e.g., hotel bills, meals) incurred while your home is being repaired.
Personal Liability Coverage
If someone is injured on your property or you cause damage to someone else's property, this coverage pays for your legal expenses and any damages you're found liable for.
Medical Payments Coverage
If a guest is injured on your property, irrespective of who's at fault, this coverage pays for their immediate medical expenses up to a certain limit.

Each policy will have a list of covered perils (events like fire, theft, vandalism) and excluded perils. It’s crucial to understand both, so you’re aware of the protections you have and any additional coverage you might need.

Optional Coverages

Optional coverages, often referred to as “endorsements” or “riders,” allow homeowners to enhance their standard home insurance policies. These additions cater to unique needs or specific risks that aren’t covered under the standard policy. For new home insurance buyers, here are some optional coverages to consider.

Extended or Guaranteed Replacement Cost
Provides additional coverage beyond your policy limits to replace or rebuild your home. The "guaranteed" option pays for repairs regardless of the limit, while the "extended" option caps at a certain percentage over the limit.
Scheduled Personal Property
For high-value items like jewelry, artwork, or musical instruments that exceed the personal property coverage limit, this rider offers additional protection.
Ordinance or Law Coverage
Covers additional costs when repairing or rebuilding your home to meet new building codes or ordinances after a covered loss.
Sewer Backup
This covers damage from the backup of sewers or drains, a peril not covered under standard policies.
Flood Insurance
Standard policies typically don't cover flood damage. If you live in a flood-prone area, this coverage is essential..
Earthquake Coverage
Like flood insurance, damage from earthquakes is not typically covered under standard policies. Homes in seismic zones especially benefit from this endorsement.

When considering these optional coverages, it’s crucial to assess your home’s unique risks and your financial situation. A discussion with an insurance agent can provide clarity on which endorsements might be most beneficial for you.

Types of Properties We Insure

From intimate gatherings to grand celebrations, we provide tailored insurance solutions for a diverse range of events to ensure your special moments are always protected. Listed below are some of the Typical Events We Insure.

Single Family Homes
The most common residential property, which is a stand-alone structure intended for one family.
Units within a larger building where the owner typically insures the inside of their unit, while the exterior and common areas are insured by the homeowners association.
Multi-floor residences that share one or two walls with other similar homes. They can resemble single-family homes in some respects but are part of a row of identical houses.
High-Value Homes
Luxury homes with superior features and amenities.
Multi-unit homes where two or three units, respectively, share the same building.
Cottages or Vacation Homes
Secondary homes that people use for vacations or rentals. Given their infrequent occupation, they might have different insurance considerations.
New Construction or Builder's Risk
Homes that are under construction. This insurance covers risks associated with the construction phase, such as theft of materials or damage from incidents at the construction site.
Similar to condos, but instead of owning the unit, residents own shares in the entire building and have a lease for their specific unit.
Modular Homes
Like manufactured homes, they're factory-built but are assembled on-site and tend to be sturdier. They are often insured similarly to traditional homes.
Manufactured/Mobile Homes
Factory-built homes that are then transported to their location. They require a specific type of home insurance due to their unique construction and transportation risks.

Buying your new home is an exciting time and you shouldn’t have to be intimidated by the home insurance process. At LoPriore Insurance Agency, We Make Insurance Easy For You!  Rest assured that our experienced local agents are available for every step of your insurance journey and happy to offer advice along the way. To learn more about our policies or to get a quick quote on the insurance you need, get in touch today. 

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Already have coverage and want to compare? Scan your coverage page and upload it here. Accepted file types: .jpg, .png, .pdf, .doc, .docx.

What’s The Advantage of Comparing My Insurance Policy?

When you send us a copy of your policy, our team has an opportunity to get a snapshot of your current insurance coverage, discounts, and added riders on your existing insurance policy.

Where Do I Find a Copy of My Insurance Policy?

Insurance companies send you a copy of your insurance policy annually and if any changes to your policy have been made during the year. However, if you are unable to locate your policy, your insurance company or insurance agent should be able to send you a duplicate copy via email, fax, or mail.

What Happens When You Upload Your Policy?

Once we receive your uploaded policy one of our team members begins reviewing your policy. We will then contact you to discuss your coverage options. Every insurance company has different underwriting guidelines and offers different coverages and rates. Be advised while we try our best to quote with the information provided it still may be necessary to obtain additional information from you to prepare the most accurate rate.

Extra Protection, Extra Peace of Mind

Get a no-obligation home insurance quote from LoPriore Insurance to secure comprehensive coverage for your property. Their knowledgeable team customizes solutions to safeguard your home, offering assurance against various risks, allowing you to protect your investment confidently.

Quote Request Form

Request A Personal Insurance Quote Form
Upload your current policy coverage page and we will do all the quoting for you.

First Time Home Buyers Insurance FAQs

home insurance binder is a document that provides proof of insurance when you’ve purchased a new insurance policy although the details aren’t finalized. The binder provides all the necessary details of your policy and is valid until you receive the official insurance policy.

Most home insurance policies do not include flood coverage. However, you can purchase additional optional coverage to protect you in the event of flood damage.

Discounts are a great way to help you save money on any insurance policy. Purchasing all of your necessary insurance policies at the same insurance agency can make you eligible for a multi-policy discount. Other valuable discounts may include safety discounts, new home discount, and superior construction discount. Additionally, lowering your premiums may include lowering your credit score and installing important safety features in your home.

Complete a home inventory. Taking photos and listing the value of each of your possessions is the best way to really understand the combined value of the articles you own. Indeed, your insurance agent will use this list to better help you estimate the coverage you need.

The term covered perils describes the events that your insurance policy will reimburse you for should you need to file a claim. A homeowner’s policy generally covers fire, smoke, windstorms and hail, vandalism, theft, falling objects, and water damage.

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LoPriore Best Homeowners Insurance Agency Boston

What Others Are Saying About Us!

Jane was a very thorough agent. Got us all the information we needed.
Outstanding business. John the owner runs a great business
Thomas Carney
Thomas Carney
Had a great experience with LoPriore. Brian was super helpful and easy to communicate with. I'd definitely recommend him to anyone trying to navigate the insurance marketplace!
Madeline Line
Madeline Line
I did some hunting online to obtain an auto insurance quote and I couldn't be happier with what Maria did for me. First, I loved that LoPriore had an option where I could simply upload my existing policy to obtain a quote. Next, Maria was so efficient in getting back to me. Then with her knowledge of insurance and her companies to choose from, and this is NOT an exaggeration: saved me thousands!! Maria had such sincere empathy for the high premiums we were facing, she went above and beyond to find us a great solution. This experience has truly renewed my faith that there IS indeed personalized customer service still alive and thriving out there. I am so pleased to have found a new insurance agency that I had only online reviews to go by at the start, and that I can without hesitation fully recommend! Do not give it a second thought. Move your policies here.
Kathy I
Kathy I
John was extremely responsive and helpful in searching for insurance for our three family condo association. He went above and beyond answering the call on the weekend, looking through our current policy in detail, educating us on different options. I highly recommend John and his team.
Alisha Candela
Alisha Candela
Richard was excellent - very helpful in helping us find the best possible BOP for our Condo with Quincy Insurance. Thank you!
Ira Lanik
Ira Lanik
Brian Burgess was super easy to work with, and I was able to get a great policy without too much of a change in my premium, even though I went from a 13 year old car to a brand new car.
Tithi Dutta Roy
Tithi Dutta Roy
Maria was a professional, courteous, and efficient agent. Within a week of initially contacting her, I received quotes, had all my questions answered, had my policies written, and she notified my previous carrier of cancelation. It was a pleasure working with her.
Chad Laliberte
Chad Laliberte
Fast, accurate, responsive, and knowledgeable!
Lynn Thomas
Lynn Thomas
Honest, straightforward service for commercial and personal insurance lines. I’m a satisfied , long time customer
Ramana Lagemann
Ramana Lagemann
They have always treated us well and do a great job with our policies. They are always available if you have questions or concerns.
Great experience! We have two units in a duplex. I was looking for a company that provides master insurance. The prices are much more reasonable than the company we used to work with.Quick responses. I’m happy I found them.
Nina Fine
Nina Fine
I am so relived I was referred to this insurance company. It is true . . . . . you get what you pay for. I tried all the internet companies first and was bombarded by scams and wasted almost a week with ZERO results. I called and had the pleasure of being paired with an excellent agent Brian Burgess. By this time, I was in a complete panic because I couldn't pick up my new car from the dealership until was insured. I have always had an out-of-state West Coast license that was expired. He was so personable, patient, and very friendly. The most important is that he was professional and new exactly how to solve the insurance issue. He had my car insured within two hours! He has continued to follow-up with me through the process. I am going to refer him to my clients and friends. Thank you Brian!Raquel
Saved my HOA $1,500/year with much more coverage than our previous insurance agent. Tentative & informative.
Elisa Balboni
Elisa Balboni
Best insurance experience ever. Thank you Brian.
Elena EVNV
Elena EVNV
Just switched to LoPriore Ins. Agency. Got a better price from previous agency. Seems like better coverage so far so good
Stan Mills
Stan Mills
From the moment I was in contact with LoPriore agent I felt comfortable and secure that I been connected to someone I felt secure speaking with. Made my transition smooth and easy. Thank you!
It has been absolute pleasure working with Richard M. and the team at LoPriore Insurance. For years we did the direct route with homeowners and auto insurance thinking it would be easier and save us money. In beginning of 2022 we converted our multifamily home into condos and couldn't find any agent or companies willing to work with such a small HOA. I contacted Richard in a state of frustration and confusion and within a couple of hours he provided me with options and pricing. I was shocked at his ability to make the process look so easy compared to others I had been in contact with. Since then, we've also switched our primary residence and auto over their agency and Richard was able to get us better policies at a cheaper price! Our days of trying to go direct are behind us - I'm so relieved to have a dependable contact who can eliminate the confusion on such an important topic. Thank you, Richard, for your guidance and expertise!
Johanna Teahan
Johanna Teahan
LoPriore Insurance Agency is the best agency around. They are on top of things and get you the best prices. John & Rich are amazing. Always willing to go above and beyond to help me out.
Diana Reilly
Diana Reilly
The staff at LoPriore Insurance are second to none! Friendly, quick and knowledgable responses whenever information is needed. We have been a customer for over a decade and I know our business is in great hands with LoPriore Insurance Agency!
Judith Halloran
Judith Halloran
Best insurance company i ever worked with by far. Adam Griffin is really amazing and easy to work with.
avi golani
avi golani
Business matters are taken care of professionally, with great courtesy and thoroughness. All staff respond to questions as best they can or refer you to other staff as needed. All businesses should strive to be as well run.
Joe Smith
Joe Smith
Always quick, easy client service. Thank you.
Michael Cuddy
Michael Cuddy
Always excellent service, advice and genuine customer care.
Mary Kelly
Mary Kelly
Adam and the office staff is great anytime I call it gets done
Quick and considerate responses.
Emily Minty
Emily Minty
Prompt and efficient service and results, Would highly recommend LoPriore Insurance Agency.
Helen Corrigan
Helen Corrigan
Excellent rates and customer service.
Beverly Murphy
Beverly Murphy
Always responsive, professional and helpful.
Devin Cole
Devin Cole
I was given the most competitive quotes and the service is professional.
Xue Lin
Xue Lin
It is a great comfort to have someone like John and his team at LoPriore Insurance looking out for me and my business. Exceptional service and product knowledge is the reason I have used them for my business bond policy for more than 15 years. The staff is professional and responsive. I highly recommend them for all insurance needs.
Licia Commito
Licia Commito
Working with LoPriore has been incredible! Brian has been able to get great rates and is always incredibly quick to respond, prompt, and professional. If anyone asks me for a recommendation, I know where I'll be sending them!
Brian made getting a new car insurance quote so quick and easy! I would highly recommend Brian and LoPriore Insurance Agency to anyone looking for a new quote or a better price.
Emily Pedro
Emily Pedro
Amazing service especially during these trying times! Made the process seamless and quick! John and Danielle were both great to work with! I highly recommend.
It's all about the service baby!
Lopriore Insurance is the type of agency that shops around for you (the client) getting the best rate and most important, they get you the right coverage.
Recently, I had my families commercial property switched over from another local agency, saving us over 3k with a bunch of extra bells & whistles we didn't even ask for (who does that). This kind of service has me telling my family and friends to support them because of all they do.
Mike Moccia
Mike Moccia
I have appreciated all the help I’ve gotten, especially from Danielle! She always answered my phone calls and emails promptly and streamlined the process of getting multiple policies in place for us!
Wendy Vaughan
Wendy Vaughan
We have been working with LoPriore Insurance Agency for many years for our auto, personal and business insurance policies. Being a small business owner, it's nice to know that if any issues arise, it only takes a quick phone call to have someone help address it. We always feel that we are in good hands with John and his amazing team!
Adam Griffith is our main man at lopriore insurance. Very efficient and honest! Not just an agent but a trusted advisor. Try and find someone to figure out how to insure a tattoo shop within a barber shop?? You would think it’s not possible, but Adam made it happen.
John and his team are the best.
I use them for all my insurance needs, auto, home and business.
Companies that I work with are always impressed on how quickly they respond to all our insurance needs.

Try LoPriore insurance, you will not be disappointed
John R. Micieli
John R. Micieli
I send all my clients to LoPriore Insurance, I have received nothing but positive feedback both on price and service ! Keep up the great work John,Maria and Co.
Peter Camplin
Peter Camplin
I couldnt imagine doing my insurance anywhere else! Theyre the best!
I got into an accident a little over a month ago. My agent Danielle was very helpful. She was always able to answer my questions, if I couldn't reach anyone from safety she was able to contact them and have them get back to me right away. When I had to go to the office and do paperwork work all of the employees were very nice and helpful. I highly recommend this agency.
Kristy Marie
Kristy Marie
I have met many people in the Insurance industry, over my career of transacting Real Estate, and as a Broker/Owner of a firm. None, have made themselves so invaluable that I call them first without question, except for Lopriore. They offer consistently great service and rates, and help my clients with timely advice.

I trust them with my most valuable assets -- my clients, and my reputation.

Thank you for helping my clients, and my business!

Sean Callahan - Broker/Owner Callahan Real Estate
Sean Callahan
Sean Callahan
5 stars!! A family member of mine suggested that I call there insurance guy John at LoPriore Insurance to get a better quote on my current insurance. When I called John he was very easy to work with and extremely helpful. I couldn't be happier with how easy and fast it was to get a quote of my current policy which included a renters policy and it was all offered for $1200 less per year. After years of being insured by another insurance agency I always thought all prices were the same buying from insurance agencies.
To my surprise this wasn't the case and I can't be happier I was referred to the insurance guy!! I Also want to thank Maria at insurance office that made it simple to transfer and sign up with my new insurance. I literally did this all thru my iPhone and signed my paperwork via my phone which made the change so simple. I highly recommend you contacting them and seeing what they offer you!
Angela Bognanno
Angela Bognanno