Your home is probably the most expensive asset you’ll ever have. In the event of it being destroyed or damaged it may take several years at least to have enough money to invest in another home. Massachusetts Homeowners insurance can help pay for repairs or replace your home and may even help out with additional expenses incurred if you need to live elsewhere while your home is being repaired or rebuilt.
Natural disasters such as hurricanes, earthquakes and fires are out of your control and could destroy your home. Your home could also be at risk of frozen pipes, damage from a leaking roof, or burglaries. Homeowners insurance is intended to cover the expenses of unforeseen damage – it doesn’t cover any repairs needed to maintain your home in good order. By buying the correct insurance policy for your needs you may be able to protect yourself from the financial burden of unexpected losses.
Massachusetts law doesn’t require mandatory purchase of home insurance but it is a good idea to consider coverage to help safeguard your investment. Should you need to borrow money to help pay for your home, your lender usually requires your home to be insured for the cost of replacement should it be destroyed or damaged. We just experienced an unexpected snowstorm in October, so don’t you want to be ready for the next batch of sudden weather?
Unexpected household problems are common occurrences and without suitable insurance you could potentially lose everything that you’ve worked to achieve. Massachusetts Homeowners insurance can be tailored to your needs and we can advise you if you may need additional coverage for events excluded from a standard policy. With Downey Insurance Agency, Inc., you can rely on our agency to get you the coverage you need when it comes to this policy. Contact us today!