One of the best things that you can do to protect your home, which is likely the most significant financial investment you will ever make, is to get quality homeowners insurance in Massachusetts. While this is something that is required by your lender, it is also beneficial to you. A quality Fall River homeowners insurance policy will protect you in a number of ways, covering risks like fire and other damage. Similar to your auto insurance, a minimum required policy is intended to protect the lender more than the buyer. It is in your best interest to sit down with your Fall River insurance agent to discuss your policy and make sure you have enough coverage to safeguard your home and protect you from financial risk.
Protection From a Loss
What is a loss? In the world of home insurance in Fall River, a loss is any incident or accident that results in a claim that is made to help pay for damages, repairs, and replacements. A standard policy is designed to protect Fall River homeowners from damage caused by vandalism, fire, thunderstorms, hurricanes, tornadoes, and wind damage. It is a good idea to discuss your homeowners insurance in Massachusetts with a qualified agent to find out if you should add extra coverage for certain types of events that are not included in the standard policy. Some types of insurance, such as flood or earthquake, can be added to your existing policy if your property is at risk.
Protect Your Possessions
If you suffer damages or losses to your belongings in a covered incident, your home insurance in Fall River may reimburse you for the value of those items. Some items that are frequently covered in such a loss include furniture, appliances, electronics, clothing, and other personal items. This is why it is so important to take stock of what you own, provide a detailed list or photo log of your possessions to your Fall River insurance agent so you can get reimbursed for their value. If your policy states that you have vinyl flooring, but you upgraded last year to hardwood materials, you might have a difficult time getting paid for the value of the wood. Many agencies recommend that you visit your agent at least once each year to update your records.
Protection From Liability
What would you do if your gardener or handyman became injured on your property? What if the mailman slipped on your frozen steps delivering the mail? How would you be able to afford the cost of paying for damages caused by a tree branch totaling your neighbor’s car? Contact your agent to discuss your policy for home insurance in Fall River to find out if you are covered. Increased risk should include more insurance. One example of this would be a home with a pool or hot tub. If someone hops your fence, swims in your pool, and gets injured, you could actually be sued and held legally responsible for it. This is why the more you can do to reduce risk, the lower your premium will be for homeowners insurance in Massachusetts.
Protect Your Family
If you suffer a loss after a covered incident and are displaced from your home because it is rendered uninhabitable, additional living expense coverage could help to pay for temporary living costs while your home is being repaired. Speak with your Fall River insurance agent to find out if you have this type of coverage and what it would cover if you had to file that kind of claim. The good news is that most families will not have to face this much of a loss during their lifetime, but the peace of mind that comes from knowing that you are covered is worth the cost for your Fall River homeowners policy.
Contact Paul Sullivan Insurance Agency
If you would like to get a FREE quote for home insurance in Fall River or if you wish to go over your current policy with one of our friendly and knowledgeable agents, give us a call at 508-678-9611. We can answer any questions that you might have about Fall River homeowners insurance, offer tips on how to maximize the return on your investment, and provide details on things you can do to reduce your risk. Call today to learn more about all of the options available for homeowners insurance in Southeastern Massachusetts.