Danvers Homeowners Insurance

What Your Danvers, MA Homeowners Insurance Policy Needs

Find the right homeowners insurance policy for you.

With a population of approximately 27,000 people, Danvers is a town in Massachusetts’ Essex County. This historic town, which was originally called Salem Village, was the location of the infamous Salem Witch Trials in 1692. Those who live here enjoy a low crime rate, good public and private schools, and attractive neighborhoods. If you are among the many proud homeowners in this well-to-do community, you will want to be sure to protect your investment with a suitable Danvers home insurance policy.

A local independent insurance agent is available to help you find an ideal home insurance policy at an affordable rate. These agents can work with a number of insurance providers to gather a selection of customized Danvers homeowners insurance quotes that you can compare together. That way you can choose the policy that offers you the best value for your hard-earned money. Find an agent near you to learn more.

  • National yearly premium average: $1,034
  • Massachusetts yearly premium average: $1,150
  • 11th most expensive premium in the U.S.

Overall, Massachusetts residents pay higher-than-average rates for their home insurance coverage. You can refer to the figures above to get an idea of what your rates might be, but your actual quotes will be based on a number of different factors including, but not limited to:

  • The age, location, value and estimated rebuilding cost of your home
  • The materials uses in your home’s construction (brick, wood, stucco, etc.)
  • Whether the property you are insuring a primary residence, a vacation home, or a second home
  • The amount of your deductible
  • Whether your property includes a swimming pool or other liability hazard

Our agents can help you obtain and compare Danvers homeowners insurance quotes from a variety of reputable insurance companies. That way, you can be sure that you are paying a competitive price for your coverage.

Second Home and Vacation Home Insurance

Some people own more than one home. If you own a second home or a vacation home, these properties will have different coverage considerations, which may sometimes increase your coverage costs. Although you may need less in the way of contents coverage, there are other risks involved with insuring a property that is not a primary residence. 

For example, if a vacation home is left empty and unattended for long periods, it is at risk for damages caused by water leaks, pest infestations or property crimes. A second home that is used as a rental property to generate income will have higher liability risks and will need to be covered by a landlord insurance policy for you to have the full coverage you need. Your agent can assess your extra property’s insurance requirements and can help you compare a selection of affordable coverage options.

Number of Thefts in Massachusetts

  • National number of burglaries: 37,814
  • Massachusetts number of burglaries: 30,735

The burglary rate in Massachusetts is lower than the national average, and the risk in Danvers is even lower. In recent years, residents of this town reported 37 burglaries, which equates to about 1.33 burglaries for every 1,000 households—less than one quarter the national rate. You can take preventive steps to protect your property such as keeping your doors and windows secured and using deadbolt locks. 

Installing motion sensor lighting or a burglar alarm system might even earn you a discount on your home insurance. Sadly, some burglaries are simply unavoidable; however, if you are a victim of a property crime, your Danvers home insurance policy can compensate you for your losses. Your agent can guide you throughout the claims process if you need assistance.

Number of Catastrophes in Massachusetts

  • Number of catastrophes in Massachusetts: 140
  • Number of tornadoes in Massachusetts: 2
  • Amount of Property Damage in Massachusetts (in millions): $0
  • 1 in 15 insured homes has a claim each year

With a risk that is 48 percent lower than the national average, tornados are not a threat to Danville residents. However, other catastrophic events, like accidental house fires or the chemical plant explosion, can lead to the complete destruction of your home and everything in it. That is why it is crucial that you have a sufficient amount of structural and contents coverage in your Danvers homeowners insurance policy. That way, you can afford to rebuild and replace your lost property without suffering a large financial setback. Your agent can help you decide whether actual-value or replacement-value coverage is a better option for you, and can advise you if any special endorsement are necessary to cover your particularly valuable belongings.

What Are the Risks in Danvers, MA?

Danvers residents have a high risk of severe storms. These can include hurricanes and tropical storms that form over the Atlantic Oceans and make landfall along the Eastern Seaboard. These storms have the potential to damages roofs, windows, siding, and peripheral property so you will want to be certain that the policy you purchase provides coverage against these damages.

Often, because of the heavy precipitation these storms bring, the area experiences flooding. This can also occur during spring snow thaws. Homeowners in close proximity to waterways like the Porter River, Frost Fish Brook, and Crane Brook are most at risk, but floods can happen just about anywhere. However, flood damage is specifically excluded from coverage by nearly all home insurance policies. The good news is that you can supplement your Danvers homeowners insurance policy with flood insurance through the NFIP (National Flood Insurance Program). Your agent can help you secure an affordable flood insurance policy.

Compare Danvers Home Insurance Quotes

When it comes to purchasing a home insurance policy for your house in Danvers, you have several insurance providers from which you can choose. Comparison-shopping enables you to find a great policy at an affordable rate, but many people find it to be too time-consuming and bothersome to do on their own. This is why savvy homeowners in Danvers choose to work with our independent insurance agents. These agents can recommend appropriate coverage amounts, identify and eliminate coverage gaps, and collect customized quotes from a variety of insurance providers. Their work makes it easy for you to find a competitively-priced policy that meets all of your coverage needs. 

Find an agent with an office near you for assistance finding the best Danvers homeowners insurance policy for your home.

Share this page on Twitter Share this page on Facebook Share this page on LinkedIn