Massachusetts Home Insurance – What You Need To Know About Home Insurance

Posted on November 22, 2021December 2, 2021 by agentinsure

Purchasing a home is one of the biggest expenditures that you will have in your lifetime. Insuring this investment is one of the smartest things that a homeowner can do to protect it. Think of the amount of time that a homeowner spends residing in the home, that’s a lot of time for possible incidents to happen. What exactly entails home insurance coverage? What does homeowner’s insurance cover? We will cover these questions and how best to approach coverage below. Home Insurance can be purchased from Vargas & Vargas Insurance in Dorchester, MA.

Protection Against Damage

Home Insurance offers coverage under certain incidents or events such as house fires. If you lose items in a fire (clothing, appliances, etc.) these items would be covered in such an event. The insurance company will either cut you a check for the amount of the item or they’ll make arrangements to replace the item with the same or similar brand. This coverage also extends to the garage which would cover your car in case of a house fire that also damaged your garage or destroyed it.

Add-Ons

You can also purchase riders or add-ons to your home insurance coverage which will add protection for unique events such as flooding or storm damage. In either case of events, your insurance will also pay for your temporary stay abroad should you need to have your home repaired after an event. This temporary residence could be an extended hotel stay or renting an apartment or house for a few weeks.

Liability Coverage

Home Insurance also comes with liability coverage which can be purchased to varying limits. This portion of your policy covers events that happen either inside or outside the home which affect visitors or friends visiting such as a slip-and-fall accident or other incidents along those lines.

More Information

You can learn more about home insurance by contacting Vargas & Vargas Insurance in Dorchester, MA today!

Moving? Here’s What You Should Do With Your Renter’s Insurance

Posted on October 11, 2021October 14, 2021 by agentinsure

Renter’s insurance is an affordable and simple way to protect your personal property while you are renting. Most plans cost well under $20/month for thousands of dollars in coverage.

So, why would you let this coverage lapse when you are planning a move? Don’t do it! There is a much better way to handle your current renter’s insurance policy. Let Vargas & Vargas Insurance handle your renter’s insurance policy, and we’ll make it easy to switch your address from one location to the other, in Dorchester, MA.

Reevaluate Your Coverage

Most landlords will require their tenants to keep a renter’s insurance policy that covers $100k in property damage. Some of these policies include your personal property, some do not. Check your policy notice for more information. If your policy does not cover your personal property and you have decided you want that coverage, it is easy to reevaluate your needs and weigh them against affordability and practicality.

You can receive assistance with choosing a new, or expanded, renter’s insurance policy by giving the team at Vargas & Vargas Insurance a call. We are a trusted insurance broker in Dorchester, MA, and have been pouring our insurance solutions into clients for many years.

Switch Your Coverage from One Address to Another

If you are satisfied with your current coverage and insurance policy, an easy step as part of the moving process is to just switch addresses! It’s as simple as giving your friendly agent at Vargas & Vargas Insurance a call.

In order to allow time for the address change to go through, it is ideal to speak with your agent several weeks in advance of the move. Be prepared to give a new address and a start date for coverage on your new home. From there, you can receive a confirmation of your renter’s insurance policy to present to your new landlord!

How to Insure a Vintage Motorcycle

Posted on September 30, 2021October 1, 2021 by agentinsure

If you own a motorcycle that is over 20 years old, your bike may be considered vintage. These motorcycles may be incredibly valuable, but they can also be more expensive to repair. You want to make sure that you have the right insurance coverage for your most valuable items.

Vargas & Vargas Insurance, which serves Dorchester, MA, understand that vintage motorcycle insurance can be tricky to navigate. Some additional information can help you make the right decision.

You Need a Standard Policy

The first thing you need to do is ensure that you are meeting Massachusetts’s requirements for vehicle liability insurance. Even antique or vintage bikes that you use are subject to these requirements. Even if you only ride your bike on the weekends, you will need to ensure you have enough liability coverage for any damage you are responsible for.

Consider Comprehensive Coverage

If you have a vintage motorcycle, you are wise to have comprehensive coverage to provide coverage for your bike when it is not in motion. Some insurance companies offer special coverage for vintage motorcycles at shows and other events, for instance.

Ask About Collision Coverage

Whether you regularly ride your vintage bike or drive it to shows, you should consider collision coverage. This coverage is intended to provide for the costs to replace or repair your bike if you are in an accident.

Get More Information About Vintage Motorcycle Insurance

Do you want to get the most out of your vintage motorcycle? Insurance can help you protect your bike, even when you are not riding or showing it. If you live in Dorchester, MA, contact Vargas & Vargas Insurance to learn more about your options.

Dorchester, MA Insurance for Gap Coverage (Umbrella Insurance)

Posted on August 16, 2021July 29, 2021 by agentinsure

Vargas & Vargas Insurance hopes your family is doing well as you journey through life in Dorchester, MA. But, for those times when life is rough, that’s what an umbrella is for.

Umbrella insurance may not be as well-known as other types of insurance, but it is very important if you want to make sure you have the coverage you need for life’s unexpected surprises. Umbrellas cover you when the rain comes. And let’s face it: you never know when that rainy day might come your way.

Let’s say you are in an auto accident. Your coverage is $25,000 per individual, perhaps. But the problem is, the person you hit on the way to get groceries owes $30,000 in medical bills. If your personal liability is only $25,000, you now owe an additional $5,000 in out-of-pocket expenses!

That’s where umbrella insurance comes in!

More About Umbrella Insurance

Also known as "gap insurance," umbrella insurance covers more than the limits of your insurance and kicks in where your normal coverage leaves off. If you are threatened with a lawsuit due to not carrying enough insurance, your umbrella insurance can help you out a lot. Avoid the possibility of lawsuits by increasing the amount of your insurance in the most risk-prone areas of your life.

Dorchester MA Insurance Source

If you are in need of extra coverage for auto, business insurance, house insurance, or other kinds of insurance, see the professionals at Vargas & Vargas Insurance, covering the Dorchester, MA area. They can show you the types of coverage you need and how much umbrella or gap insurance you need to restore your peace of mind.

Risks of Flood Damage

Posted on July 29, 2021July 29, 2021 by agentinsure

Floods can occur anywhere, affecting properties in Dorchester, MA. Common causes of floods include flash floods and seasonal storms, which can occur anywhere in the world at any time. According to the Federal Emergency Management Agency (FEMA), floods are commonly involved in 90 percent of all natural disasters in the country.

Continue reading to learn about the risks of flooding. Then, for more information about flooding and how to protect your property, call the experts at Vargas & Vargas Insurance today.

Flood Risk Information

When moving to a new area, learn as much as possible about flood risks in the immediate area. Your mortgage lender, local officials, and an insurance agent may have information about the area’s vulnerability to flooding. Additionally, the National Flood Insurance Program (NFIP) can provide information about local flood risks.

Lack of Coverage

Not all homeowners insurance policies cover all types of flood damage. Therefore, additional flood insurance policies must be purchased to ensure coverage in the event of a flood associated with a natural disaster or weather event. Not having enough coverage can leave you paying for the repair and replacement costs out of pocket.

Buying Flood Insurance

Purchasing flood insurance is easy and can be purchased directly from an insurance professional. However, there is a 30-day waiting period before the flood insurance policy takes effect. Because of the waiting period, if you live in an area prone to flooding, do not wait to purchase your policy.

No Flood Insurance Coverage

If there is a flood, and you do not have flood insurance coverage, your assets are not fully protected against damages and loss. In addition, not having insurance coverage could lead to paying hefty bills associated with repairing and replacing property and personal items.

Floods can strike at any time, anywhere. Those in Dorchester, MA should not hesitate to ensure they are covered in the event of a flood. Call Vargas & Vargas Insurance today to discuss flood insurance options and get yourself covered today.

How Does Condo Insurance Work?

Posted on June 30, 2021June 30, 2021 by agentinsure

Owning a condo is a great way to own your own home. It does come with a number of responsibilities, though, and one of the most important of these is to have a condo insurance policy. This policy protects you in a number of ways, and it’s never a good idea to be without it. If you need one of these policies, contact us today at Vargas & Vargas Insurance in Dorchester, MA to talk to an agent.

Protect Your Home

When you have a condo insurance policy, it covers your condo itself. This means that it will pay for certain damages to the inside of your condo, but not the outside. The condo board owns the outside and will insure that area. The only exception is when a condo owner makes some type of improvement to the outside of the condo. In that case, the owner is responsible for insuring that area as well.

Protect Your Possessions

With all or most of your belongings inside your condo, a major accident or calamity that causes damage to your belongings can be devastating. However, your condo insurance will cover those possessions. It can pay for you to get repairs and/or to replace items that were ruined beyond repair. With this coverage, you won’t have to start over with nothing.

Protect Your Finances

Another problem that can happen in a condo is a third party having an accident there. When that happens, it is often the owner who owes the medical bills. With a condo policy, there is liability coverage included. This will pay for the medical bills so that you won’t have to.

Condo Protection

If you own a condo, you need protection. Call us at Vargas & Vargas Insurance in Dorchester, MA to find out more about this coverage.

4 Add-ons to Consider For Your Auto Insurance

Posted on May 28, 2021May 30, 2021 by agentinsure

If you own a vehicle in Dorchester, MA, you understand that auto insurance is as critical as car maintenance. Unfortunately, many car owners purchase the minimum auto insurance coverage just to comply. While this may seem like a way to save funds, it can bite you hard when the unthinkable strikes. That said, Vargas & Vargas Insurance shares add-ons you can consider to boost your auto insurance for maximum protection.

Emergency roadside assistance coverage

Have you ever thought about what you may go through when your car breaks down away from home? You might have seen it in movies, but it can happen in real life. While you can’t predict how your car behaves, you can cover yourself with a roadside assistance add-on to ensure that you get services like gas delivery, puncture repair, towing, and other roadside repairs in case your car breaks down.

Engine protection cover

If you reside in a location prone to waterlogging, this coverage is a must for you. Your engine is, perhaps, the most expensive component of your vehicle. As such, insuring it against damage is a smart move to avoid you forking cash from your pocket when a disaster occurs.

Zero depreciation cover

If you have a new or luxurious car, this add-on cushions you against wear and tear when replacing expensive parts. Instead of removing the depreciation factor when replacing parts, the insurance company covers the entire cost of replacement when you have this cover.

Consumable coverage

When your claim is being processed, consumables like nuts, bolts, and oil aren’t covered in the typical insurance coverage. However, as small as they might be, consumable costs can stack up to significant figures when involved in an accident. Thankfully, with consumable coverage, you don’t have to worry about consumable expenses.

Buy auto insurance today!

Would you like to buy auto insurance in Dorchester, MA? Please contact Vargas & Vargas Insurance for a competitive quote.

Facts You Need to Know About Life Insurance

Posted on April 30, 2021April 30, 2021 by agentinsure

Do you have life insurance? If not, what’s stopping you from having this policy?

If you’ve family members who depend on you for their daily bread, then you need to think again. Consider the state you’d leave them in if you were to die today. The funeral costs alone are too high. Consider any mortgage or student loans you’d been paying. Clearly, these are not debts you want to pass on to your loved ones.

You need to save your loved ones from such problems by purchasing a life insurance policy. If you’re not sure why you need one, our team at Vargas & Vargas Insurance has compiled this guide for residents of Dorchester, MA.

You Need Term Life Insurance

There are different types of life insurance, and term life is one of them. If you’re like 90 percent of people with life insurance, you’ll choose to go with a term life insurance policy.

As the name suggests, term life insurance covers a specific period. In most cases, it is 20-30 years. The aim is to ensure that your loved ones are protected if you die during this period, mostly your working years. It has no cash value until you die, and the premiums you pay are smaller than for whole life insurance.

Insurance is Not an Investment

Since some life insurance policies have cash value, you might think that this is a form of investing in the future. However, this should not be the case. If your goal is to grow your capital over time, you’re better off trying something else.

What you need to put in mind is that you’re protecting your loved ones. If they don’t need any protection, you don’t need this policy.

Are You Considering Buying Life Insurance in Dorchester, MA?

If you’re shopping for life insurance, this is part of the information you should know. There’s still much more you need to know about life insurance. That’s why you need to reach out to our Vargas & Vargas Insurance experts for more information.

What You Need to Know About Commercial Insurance

Posted on March 15, 2021March 2, 2021 by agentinsure

As a business owner in Dorchester, MA, you need to have commercial insurance for your business to cover specific liabilities. However, sometimes it is very challenging to understand the entire concept of commercial insurance, especially if this is not your area of specialization. Vargas & Vargas Insurance has realized that many business owners make grave mistakes when it comes to business insurance and offer some basics on this policy.

Why Commercial Insurance?

So, some business owners do not know why they need commercial insurance, and some of them ignore it entirely, only for them to regret it later after disaster strikes. It is essential to understand that commercial insurance protects your business and the investments you have made against disastrous events.

Having commercial insurance is necessary because it protects all the assets that your business owns. However, commercial insurance may also help you cover the different types of liabilities your business may cause to suppliers, customers, and other parties.

How Does It Work?

Generally, commercial insurance is an agreement that lasts for one year and can be renewed by either party. It involves paying an agreed amount of money to an insurance agency that will assume the liabilities and the damages that your business may experience during the year.

The amount of money paid to the insurance company typically depends on the properties at hand, possible risk exposure, and other possible requirements such as the number of customers and vendors associated with the organization.

Do You Need Commercial Insurance?

Before you start running your commercial organization in Dorchester, MA, you need to have your commercial insurance in place so that you can be ready from the first day of your operations. Vargas & Vargas Insurance will guide you in the process of getting the best commercial insurance to meet the needs of your business.

When should your review your home insurance

Posted on February 28, 2021March 2, 2021 by agentinsure

About a month before your home insurance is due for renewal you will receive a copy of your policy details in the mail or maybe in an email. The front page of that is your Homeowners Policy Declaration. It includes your policy number, the dates your policy is in effect, your agent’s name, and the address of the property being insured. It also includes your liability limits, deductibles, and any additional coverages you have. At Vargas & Vargas Insurance in Dorchester, MA, our staff is focused on making sure our customers have a positive insurance experience. We put our customer’s needs first.

When your policy renews

When you get this notice from your insurer, it is the perfect time to review all the figures. Look at the amount of coverage you have for the replacement of your home, contents, outbuildings, living expenses, and liability coverage. Do they make sense? Has the cost of your policy gone up substantially? Is there a legitimate reason for the increase? What is your deductible? After you have looked it over you may want to have a discussion with your insurance agent.

When you add a significant amount of additional content

If you receive or purchase expensive jewelry, your policy may not cover it. Most traditional home policies have a low threshold for jewelry and other expensive items. You can add a rider to your policy to cover these items.

You make upgrades

If you make changes to your home: finish the basement or attic, add an extension or upgrade a kitchen the value of your home may have increased. If you replace your roof or add a home security system, you may be eligible for a discount. Make sure your agent knows all the latest information about your home.

Contact Vargas & Vargas Insurance in Dorchester, MA with your home insurance needs.

Vargas & Vargas Insurance

Our Company

Author: agentinsure