Call Us 617.474.9900 ☰ ˟
Logo
(617) 474-9900
22 Boston Wharf Rd.
South Boston, MA 02210
  • Home
  • Get A Quote
    • AutomobileImage of right arrow
      • Auto Insurance Quote
      • Mexico Travel Insurance Quote
      • Auto Quote Form (short)
      • Get Instant Auto Insurance Quote Now Click here
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Builders Risk
      • Liquor Liability Quote Form
      • Workers Compensation Quote
      • Master Condominium Associations & Apartment Buildings
    • Condominium
    • Construction
    • Dental
    • Earthquake
    • Employee Benefits
    • Group Health
    • HealthImage of right arrow
      • Health Insurance Quote
      • Long Term Care Insurance Quote
      • Affordable Health Insurance
    • Homeowners
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Motorcycle
    • Pet InsuranceImage of right arrow
      • Pet Insurance Quote
      • Pet Insurance Quote
    • Renters
    • Restaurant
    • Travel
    • Vision
    • Watercraft & Boat
    • Windstorm
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Other
  • Claims
    • Automobile
    • Business & Commercial
    • Earthquake
    • Homeowners
    • Motorcycle
    • Renters
    • Watercraft & Boat
    • Windstorm
  • Blog
  • Make a Payment
  • Resources
    • Refer a Friend
    • Important Links
    • Calculators
    • Free Reports
    • Insurance Glossary
  • About Us
    • About Savin Jones Insurance Agency
    • Location Map
    • Partners
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > Do you Own a Home or Condo? You need Homeowners or Condo Insurance!!
THURSDAY, APRIL 25, 2013

Do you Own a Home or Condo? You need Homeowners or Condo Insurance!!






              Do you Own a Home or Condo? You need Homeowners or Condo Insurance!!

If you own a home or condo, your mortgage insurance lender will require you to carry home insurance.  The reason for this is that the insurance protects the lender from a major financial loss if the home is damaged for any reason.  They have loaned you quite a bit of money to purchase the home, and want to make sure that they get what is owed them no matter what happens.

For the homeowner, having home insurance is also very important.  There are three major risks that this type of insurance will cover:  loss or damage to the home and any outlying structures such as a garage or a shed, loss or damage to your personal items that are within the home, and personal injury to people other than your family that happens on your property.

First, consider the possibility of total loss or some sort of damage to your home.  One of the things that can damage your home is the wind.  When a major windstorm occurs, you may lose a few shingles or you may lose most of your roof or even the siding on your house as well as your fence.  Because damage can be small or large, your insurance company protects itself by requiring you to pay a deductible.  This means that for each claim that you make to the insurance company, you must pay the deductible first.  If your deductible is $500, and the cost to repair the shingles on your roof is only $300, it is not worth it to you to make a claim.  However, if you have water damage inside the house from a pipe that burst and the cost for repairs and cleanup is $10,000, all you would have to pay is the first $500.

As for items of personal property, most policies have certain limits on the amount they are willing to pay out for personal property.  If you have specialty items, such as antiques or expensive jewelry, you may want to get special home insurance riders on them to cover them for specific amounts.  In the above example of water damage, if your home computer were near the wall where the pipe burst and was damaged because of the water, the personal property part of your home insurance policy would kick in and cover the replacement or repair of your home computer.

Personal injury is the third component to most home insurance policies.  If a person comes to your home and slips on some ice on your front sidewalk and breaks a leg, your home insurance policy should cover the medical expenses incurred by that individual from that injury.  If you or your family is injured in your home, however, your medical expenses will need to be covered by your medical insurance plan rather than your homeowner’s policy.

When you are looking for a good home insurance policy, you may find companies that offer a newer home discount, for homes that are a specified age.  They may also offer a claim-free discount for homeowners who have never filed a claim, or it may be a discount that you can receive after going a certain period of time without making a claim.  Some companies may offer a discount based on the type of security system you have, and others may provide a discount if you purchase your automobile insurance policies through them as well as your homeowner’s policy.

When you are comparing the different insurance companies, you may appreciate such services as a 24 hour a day claim hot line, a repair guarantee, or flexible billing options.  Some companies will bill your mortgage company for your insurance premium so that you simply pay a little more each month along with your mortgage and the mortgage company pays the insurance each year when it is due.


We at Savin Jones offer Home and Auto Insurance Discounts. We will be sure to protect you and your family against a loss. don't be caught without insurance coverage. Call or visit our website today for a free insurance quote.

                     www.savinjones.com

                              
Quote Us!



Posted 10:08 PM

Tags: boston condo insurance, polish triangle insurance, 02125 home insurance, polish triangle insurance 02125, boston home insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013

  • savin jones insurance(62)
  • savin jones(50)
  • dorchester insurance(41)
  • 02127 home insurance(19)
  • dorchester home insurance(16)
  • 02127 home insurance quotes(14)
  • 02127 auto insurance(14)
  • boston home insurance(14)
  • 02125 homeowners insurance(13)
  • dorchester home insurance quotes(13)
  • condo insurance(13)
  • 02127 condo association master insurance(12)
  • mass condo insurance 02125(11)
  • home insurance south boston(11)
  • dorchester ma auto insurance(11)
  • 02127 car insurance(11)
  • 02125 auto insurance(11)
  • south boston insurance(11)
  • 02125 car insurance(10)
  • plymouth rock assurance(10)
  • auto insurance 02125(10)
  • dorchester auto insurance(9)
  • condo master insurance south boston(8)
  • south boston(8)
  • 02127 insurance(7)
  • car insurance ma dorcheater(6)
  • dorchester insurance master condo insurance(6)
  • 02125 home insurance(6)
  • dorchester automobile insurance(6)
  • 02127 condo insurance(5)
  • savin jones insurance agency(5)
  • dorchester ma cheep car insurance(5)
  • dorchester ma insurance(5)
  • new england patriots(5)
  • insurance(5)
  • auto insurance boston ma(5)
  • 02125 insurance(5)
  • mass homeowners insurance(4)
  • massachusetts mass car insurance(4)
  • what is walls in coverage(4)
  • massachusetts homeowners insurance(4)
  • cheep dorchester auto insurance(4)
  • seaport insurance(4)
  • walls in insurance coverage(4)
  • seaport auto insurance(4)
  • 02127 renters insurance(4)
  • car insurance dorchester(4)
  • home insurance(4)
  • mass auto insurance(4)
  • south boston renters insurance(4)

View Mobile Version
Logo
Social Social
Quick Links Home About Us Refer A Friend Contact Us
Location 22 Boston Wharf Rd | South Boston, MA 02210
Contact Ph: 617.474.9900Fx: 774.206.9224Email: info@savinjones.com
© Copyright. All rights reserved.