If you own a home, rent an apartment or own a condominium, you need insurance to protect you, your family, and your belongings. While your landlord or condo association might have insurance, it only protects the building. Your belongings are not covered under those policies, nor is your liability in case you are sued.
Are you covered? You have the best dog on the block. The kids all love him. He is adorable.
He has never bit anyone, until today. Are you covered?
Are you covered? It’s New England. It’s January. It’s raining, again. The ice has built up around your foundation and has started to melt. There is water damage to your furnace. Are you covered?
(see Flood Insurance)
Are you covered? You just got your first apartment. Your closets are packed full of stuff. You have a lot of handed down furniture and are the proud owner of your very first brand new living room set. The apartment has a fire, your stuff is damaged.
Are you covered?
Are you covered? You just bought ½ of a “two family” house which is deeded as a condo. The condo association has an insurance policy covering the building. There is a fire damaging the interior of your condo and all your personal belongings.
Are you covered?
Do you understand all the parts of your homeowner's policy? We do & we can help. Contact Us
Homeowner's Frequently Asked Questions
Q. Why does the dwelling amount on my homeowner's policy increase every year?
A. Most homeowner’s policies have an inflation guard endorsement. The dwelling amount on the policy will increase by a certain percentage to keep up with inflation.
Q. Does my homeowner’s policy cover a flood?
A. No, a homeowner’s policy does not provide flood coverage. This coverage needs to be covered under a separate flood policy.
Q. How do I know what amount of insurance to carry on my home?
A. The amount of insurance coverage is based on the replacement cost of your home, not tax value or market value (which each include the value of your land). We can work with you and have you complete a questionnaire that will help determine the correct replacement value of your home.
Q. Are there exclusions I should know about?
A. Exclusions listed and defined in your policy might include neglect, intentional loss, “earth movement,” general power failure, and even damage caused by war. If you fail to take care of your property (e.g., a leaky roof), you might not be covered. Obviously, if you intend to lose an object or damage your property, there's no coverage. Damages resulting from Flood or Earthquake are not covered.
Q. As a renter, does my landlord's insurance protect me?
A. Generally, no. The property owner's insurance covers the building itself and seldom a tenant's possessions or liability. Clarify this with your landlord before signing a lease.