Brad & Darleen Pratt | Waltham MA Realtors

An Experienced Team Always Out Performs an Individual

Follow Us on FacebookFollow Us on E-mail

Call Us Toll Free: 877-481-5544

  • Home
  • Buying
  • Selling
  • Recent Sales
  • Mortgages
  • Homes for Sale
  • Featured Communities
    • Arlington
      • Single Families
      • Condos
      • Multi-families
    • Belmont
      • Single Families
      • Condos
      • Multi-families
    • Cambridge
      • Single Families
      • Condos
      • Multi-families
    • Waltham MA
      • Single Families
      • Condos
      • Multi-families
    • Watertown
      • Single Families
      • Condos
      • Multi-families
  • About
    • About Team Pratt
    • Testimonials
    • Contact Us
  • Resources
  • Blog
You are here: Home / Real Estate Info / Home Buying Tips / The Importance Of Home Insurance – Waltham MA Home Insurance

The Importance Of Home Insurance – Waltham MA Home Insurance

November 21, 2013 By Brad & Darleen Pratt

Waltham MA home insurance protects privately owned homes. This type of insurance is normally required for homes with financing, but even without a mortgage, it is important to purchase. Below is an overview of the importance of home insurance.

The Importance Of Home Insurance

Real estate is one of the most major investments that you may make in your lifetime. As a property owner, you also hold liability. Damages can be very costly and will dramatically impact your quality of life in addition to your personal finances. This is the importance of home insurance. Not doing so may have dire consequences.

Home Insurance Options

Home insurance may offer a wide range of coverage. It can include loss of the home itself, belongings within, accidents on the property, incidents involving the homeowners, or natural disasters,..just to list a few. Each of the above have particular limits. Some come standard with a policy while others are additions or may not be attainable at all. The property location, such as those in high-risk natural disaster zones, may sometimes limit the options. Homeowners should understand what is and is not covered in their policy.

For properties with mortgages, the covered amount must generally be equal to or more than the mortgage balance. Mortgage companies require this insurance to protect the money loaned to you. Therefore, their name and address will typically appear on the policy.

How Expensive Is Home Insurance

The charge for home insurance depends on the items insured, the dollar value of coverage, the particular insurance provider, the features of the home, the region of the home, the dollar amount of your deductible, and other factors. Some companies extend discounts for items such as alarm systems and other safety features. Another source of savings is to buy other policies, such as automobile insurance, from the same provider. Policy premiums are typically charged annually and due in advance. For financed real estate, monthly installments may be placed into an escrow account with the lender. This is their way of making sure that you have sufficient funds to pay the bill and that it is paid on time.

Selecting Waltham MA Home Insurance Companies

Property owners may choose the specific company to use and can price shop before making a decision. Additionally, they can switch companies at any time. As with any type of insurance, you should evaluate more than just the price. Homeowners should consider the types of coverage and other services promised by Waltham MA Home Insurance companies. When incidents take place, it will be a very difficult time. Having a company that makes claim submission easy and extends good customer service can have a big impact.

It's only fair to share...Share on Facebook
Facebook
Share on Google+
Google+
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Pin on Pinterest
Pinterest

Filed Under: Home Buying Tips Tagged With: Home Insurance, Homeowners Insurance, insurance, MA, Waltham MA

Quick Search

Property Search
Min $:
Max $:
MLS #:

Custom Search

Contact Us

* indicates required field

Team Pratt

TEAM PRATT
Bradford & Darleen Pratt
Real Estate Brokers in Massachusetts
RE/MAX On the Charles
(877) 481-5544 Toll Free
(781) 316-5760 Brad Direct
(617) 448-7894 Darleen Direct
homes@teampratt.realtor
Learn More About Our Team


Copyright 2016 ©