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Homeowners Insurance from Massachusetts SPecialists

  • Dwelling Coverage
  • Personal Property Coverage,
  • Liability Coverage
Most homeowners in Massachusetts should carry home insurance.
  • Secondary Structure Coverage,
  • Loss of Use Coverage
  • Vacant Property Coverage

Proudly Providing Homeowners Insurance to Residents in Massachusetts & Many Other States Across the Nation

For most people who own a home, their house is the most valuable asset they have. Homeowners throughout Massachusetts and beyond have thousands (and sometimes millions) invested in their homes, and few can afford to lose their investments. Homeowners insurance policies help protect the financial investments homeowners make in their houses from many potential perils.

What is Homeowners Insurance?

Homeowners insurance policies are package policies, which means they lump several coverages into one policy. There are three primary coverages that most homeowners policies provide:

  • Dwelling Coverage, which typically insures the actual home
  • Personal Property Coverage, which usually protects the policyholder’s personal belongings
  • Liability Coverage, which may protect policyholders from incidents they’re held financially responsible for

(The exact protections afforded by these coverages depend on the specific terms and conditions found within a particular policy.)

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We Let Our Client's Do The Talking

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BARRIE KRAMER

Sharon Labay is by far the best insurance expert with a kindness that goes way beyond the business relationship. I have known her since 2000 and our phone conversations always end with me smiling and glad to have talked with her!

 

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MELISSA LANDRY

I can't say enough about Sharon..she is currently working on my auto insurance to make sure I am not over paying. Her professionalism and quick response it great. Her knowledge on the insurance is vast so I feel very confident in my decision. I am so happy I was referred to Sharon.

 

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DEBORA HILLIER

The folks at Feingold Insurance provided us with a competitive quote and it was tailored for our needs. We very much appreciate their prompt service as well. They return phone calls! That is something that everyone can appreciate for sure.

 

Homeowners Insurance Massachusetts

Do Home Insurance Policies Provide Other Coverages?

In addition to the above three coverages that are included in most home insurance policies, there are a number of other coverages that policies may offer. Some of these other coverages include:

  • Secondary Structure Coverage, which might offer protection for sheds, fences, and similar structures not attached to the primary dwelling
  • Loss of Use Coverage, which can help pay for alternative living accommodations if a covered incident renders a house uninhabitable
  • Vacant Property Coverage, which could be required if a house will be vacant for some time
  • Disasters Coverage, which may provide protection for perils that normally aren’t covered (e.g. earthquakes or floods)

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Who in Massachusetts Should Consider Getting Home Insurance?

Most homeowners in Massachusetts should carry home insurance. While it’s generally not required by law, many mortgage agreements require homeowners who have financed their house to maintain coverage. This is a safety measure that banks use to ensure their financial investment will be protected if something happens to a house.

Even homeowners who own their houses outright often still purchase insurance. They may not be under any official obligation to insure their home, but few homeowners could afford to rebuild their house if it was destroyed. Many couldn’t afford much more than their insurance policy’s deductible without taking a serious financial hit.

Homeowners Insurance Massachusetts

What Kinds of Homeowners Insurance Policies Are There?

Homeowners policies can be separated into two broad categories: open perils policies and named peril policies.

Open peril policies generally cover any incidents that aren’t explicitly excluded in their terms and conditions. Some examples of commonly excluded incidents are earthquakes, nuclear incidents, and wars, but any incident could be listed as an excluded item in an open peril policy.

TALK TO AN EXPERT

Named peril policies, in contrast, usually only cover incidents that are explicitly mentioned in their terms and conditions. These policies may have basic lists that only include a few incidents, or they might have robust lists that mention many potential hazards. Even robust named peril policies, however, frequently offer less protection than open peril policies. For, the best named perils policies are still restricted to the perils they mention outright.

How Can Residents in Massachusetts Get Homeowners Policies?

Massachusetts residents who would like help finding homeowners insurance should contact an independent insurance agent near them. An independent agent will be able to both help a homeowner select the type of policy and coverages they want, and assist with a side-by-side comparison of policies. With an independent agent’s help, homeowners can be confident that the home insurance policy they get provides the protections they want and need.

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The Feingold Companies
Worcester Office 
446 Main Street, Suite 1403
Worcester, MA 01608
Phone: (508) 831-9500
Fax: (508) 797-4030

New Lakeside & Dudley Insurance
446 Main Street, Suite 1403, Worcester, MA 01608
Phone: (508) 943-0090
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This material is for informational purposes only. All statements herein are subject to the provision, exclusions and conditions of the applicable policy. For an actual description of all coverages, terms and conditions, refer to the insurance policy. The Feingold Companies is a full-service organization in which offers insurance and employee benefit services through affiliated companies. All individuals listed are affiliated with The Feingold Companies and offer insurance and employee benefit services through Feingold Insurance Agency, Feingold Financial Management and Feingold Employee Benefit Services.  Saul Feingold, David Dimenstein, Jed Brandes, Elisa Lindley, & Utkristaa Shrestha offer securities through Cambridge Investment Research, Inc., a broker dealer member FINRA/SIPC . Advisory services through Cambridge Investment Research Advisors, Inc. a Registered Investment Adviser. The Feingold Companies are not affiliated with Cambridge Investment Research, Inc. Please be advised that the above referenced New Lakeside and Dudley Insurance Agency only offers insurance related products and services. This office does not contain individuals who are licensed or registered to sale or promote securities related products. If you are interested in receiving securities related products and services please visit or contact our Worcester Office location only. This communication is strictly intended for individuals residing in the states of AZ, CA, CO, CT, DC, FL, GA, IA, IL, MA, ME, MI, MN, NC, NH, NJ, NM, NV, NY, OH, PA, RI, SC, TN, TX, VA. No offers may be made or accepted from any resident outside the specific state(s) referenced. Copyright 2021. All Rights Reserved
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