Home Insurance inMassachusetts

Mortgage lenders require homeowners to carry insurance that protects their interest in the event of a loss. The Commonwealth of Massachusetts doesn’t force you to have insurance, but it’s definitely in your best interest to have that financial security. The difficulty many homeowners are confronted with is understanding how much and what type of insurance makes the most sense for them. At Vargas & Vargas Insurance, our professionals are here to help people in the Dorchester, MA community. We’re available to answer your questions and will work with you to create a homeowners policy that provides a sense of security.

The True Cost of Rebuilding

Many people think about replacement costs based on how much they paid for the home. That idea seems to make sense. Unfortunately, there is no correlation between today’s cost of materials and labor and the value of an existing home. The Massachusetts real estate market changes from month to month and the cost of home construction can exceed $150 per square foot. That number can grow depending on the need for demolition work and debris removal. Factor in permits, inspections and miscellaneous items and you could find yourself taking money out of your pocket in the event of a total loss.

Personal Property Coverage

Many homeowners policies will cover the loss of personal items due to damage or theft. There are a variety of ways to approach personal property coverage. But for high-end items, you may need to produce receipts or some record that the items were on the property. It’s in your best interest to handle this in a way that ensures a smooth claim process. It’s also important that your personal property coverage reflects the actual value of your possessions.

At Vargas & Vargas Insurance, we are committed to serving the good people of Dorchester, MA. Our insurance professionals are available to create a policy or update an existing one that provides you with secure homeowners coverage.