Marlborough Homeowners Insurance

Your Complete Guide to Marlborough, MA, Homeowners Insurance

(How to find the best coverage at the most affordable price)

Marlborough, MA, is home to approximately 40,000 people. With its low crime rate, great schools, and many job opportunities, this city has a lot to offer its residents. If you own a house in Marlborough, you can protect your investment by purchasing a comprehensive homeowners insurance policy.

When you are shopping for the best and most affordable coverage for your Marlborough home, a local independent insurance agent can help. Find an insurance agent near you to start comparing customized homeowners insurance quotes.

How Much Does Homeowners Insurance Cost in Marlborough, MA?

In general, homeowners in Massachusetts pay more for homeowners insurance than property owners throughout much of the county. Let’s look at an average rate comparison:

  • National average yearly premium: $1,173
  • Massachusetts average yearly premium: $1,379

Of course, Marlborough includes homes with a wide range of sizes and values. As a result, your actual rates may be significantly higher or lower than this average. Home insurance costs are calculated on a case-by-case basis and are based on a variety of factors such as:

  • The age, size, and value of your house
  • The type of home you are insuring (e.g., single-family detached home, condo, mobile home, vacation home, etc.)
  • The number of stories in your home and whether or not it has a basement
  • The crime rate and weather risks in the ZIP code where your house is located
  • Your claims history and credit score
  • Whether you are bundling your coverage with other policies like car insurance or life insurance

Each insurance company has its own way of calculating rates, so it is a good idea to compare quotes from a few different providers before making a selection. That way, you can be sure that you are not overpaying for your coverage.

Independent insurance agents in Marlborough make comparison shopping easy.

What Kinds of Damages Does Marlborough Homeowners Insurance Cover?

There are a number of ways that your Marlborough home may sustain costly damages. These include hazards like residential fires, property crimes, and severe weather events like hail, windstorms, hurricanes, and heavy snows.

Fortunately, all of these hazards are covered by most homeowners insurance policies.

Catastrophic Events in Massachusetts

  • Number of federally declared disasters in Massachusetts: 54
  • Most common reasons for disasters in MA: Severe storms amd hurricanes
  • Avgerage number of tornadoes per year in Massachusetts: 1.4
  • Avgerage amount of property damage per year in MA: $808 million
  • 1 in 15 insured homes has a claim each year.

A local independent insurance agent can help you review your dwelling and contents coverage limits so you can be sure that they are high enough to enable you to fully rebuild or replace damaged property following a catastrophic event.

A Word about Flood Damage in Marlborough, MA

Some residents of Marlborough are prone to flood damage, especially when severe storms and hurricanes bring heavy rains to the area. These rains can saturate the ground and overwhelm draining systems, leading to flash floods.

Property owners near waterways like Mowry Brook and Sheep Fall Brook are most at risk, but flash flooding can occur just about anywhere. Unfortunately, flood damage is not covered by home insurance. This is true even if the flood is the direct result of a covered hurricane.

To protect your property, you will need to supplement your coverage with a separate flood insurance policy. These policies are government-backed and are available even to those with properties in very high-risk areas. Policies take 30 days to go into effect, so preparation is key.

Talk to your local independent insurance agent to learn more about flood insurance.

Why Do Marlborough Homeowners Need Liability Protection?

To err is human. At some point in your life, you may be liable for an accident or mishap that causes injury or damage to others. If that happens, the injured parties can sue, and things can get costly. That is why homeowners insurance also provides you with personal liability coverage.

Homeowners liability insurance is designed to cover court costs, legal fees, and damages if you are responsible for injuries or damage associated with a covered event. Examples of times that this liability coverage can come to your aid include:

  • If a visitor, guest, or delivery person is seriously injured while on your property
  • If your pets or children cause injuries or property damage to others
  • If you accidentally injure someone while away from home, such as while goofing around with friends at Callahan State Park
  • If you are accused of libel or slander

Talk to your insurance agent to learn more about the many ways that your homeowners liability coverage can protect you. If you want even more liability insurance than your home insurance can provide, your agent can also help you secure an affordable umbrella insurance policy.

What Is the Burglary Rate in Marlborough?

The burglary rate in Massachusetts is lower than the national average, and in Marlborough, the risk is even lower. This is not to say that Marlborough residents are immune from the risk of property crimes. There are more than 50 burglaries reported in this city every year.

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Massachusetts: 2.82
  • Number of burglaries per 1,000 homes in Marlborough: 1.57

Home security systems are very effective at lowering the risk of your house being broken into. In fact, many insurance companies offer discounts to homeowners who have installed burglar alarms.

Of course, nothing is 100 percent foolproof. If your Marlborough home is burglarized, your home insurance can provide you with compensation for your losses as well as for the cost of repairing any damage the burglars may have done to your house.

If needed, your local insurance agent can offer advice and support throughout the claims process.

What about Insurance for Second Homes and Vacation Homes?

Maybe you own a weekend cabin in the middle of nowhere. Or perhaps you own a second home nearby in Boston that you rent out to young professionals. 

Whatever your reasons, if you are among the Marlborough residents who own more than one residential property, there are additional factors to consider when insuring these homes.

Vacation Homes

Vacation homes that are left unoccupied for long periods often have a high risk of property damage due to hazards such as water leaks, pest infestations, and property crimes. When there is nobody in the house to notice them, these small problems can grow very expensive.

Vacant home insurance may therefore be required when these houses are not in use.

Rental Properties

Homes that are occupied by tenants have higher liability and property damage risks than homes that are primary residences. On the other hand, these houses also have lower contents coverage needs since tenants have to secure their own property with renters insurance.

Landlord insurance is designed to meet the unique coverage needs these properties present.

An independent insurance agent in Marlborough can help you find the right home insurance policies to properly cover all of your residential properties.

Why Work with an Independent Insurance Agent in Marlborough, MA?

Independent insurance agents make it easy to find the best home coverage available because they do not work for a specific insurance company. This enables them to shop around to find the policy that offers the best value for your hard-earned money.

These agents live and work in your community so they understand the risks you face as a homeowner in Marlborough. Contact an insurance agent near you to set up a  one-on-one consultation.

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
https://www.census.gov
http://www.city-data.com
https://www.fema.gov/data-visualization-disaster-declarations-states-and-counties