Newton Homeowners Insurance

What Your Newton, MA Homeowners Insurance Policy Needs

Find the right homeowners insurance policy for you.

Of all the cities in the Boston area, few are as homey and comfortable as Newton, MA. With great access to transportation and the heart of the city, the good life is here for anyone who wants it. If you own a home here, you know all this, of course. But you may not know all that you need to about the right insurance for your home.

Fortunately for those in Newton, home insurance isn’t too daunting, but you need the right policy for your lifestyle. Your Independent Insurance Agent can help you navigate your options and find the insurance that fits your home and your budget. Your agent will get you many quotes from different agencies so that you can compare them to find the policy that covers you the best without hurting your wallet. Even with mild weather and no other common disasters, homeowners insurance in Massachusetts is a bit more expensive than average:

  • The national average in recent years was $1,034 for home insurance.
  • Home insurance averaged $1,150 in the Bay State.
  • This puts the state 11th overall for homeowners insurance cost.

The cost of insuring your home is based on a number of factors, the most important being its size. As you might guess, it is more expensive to replace a larger home in case of storms or other damage. Historic or architecturally significant homes like those you often find in Newton are also a bit more expensive to replace, driving insurance costs up. You want to check on the cost for any particular property and shop around.

Newton Second Home and Vacation Home Insurance

Second homes for people who need to have easy access to Boston are found in Newton, although not common. If you do have a second home here, you will find it is best to insure it just as you would your primary home. You may decide to not insure the contents on a second home, but that means that you carry the risk from damage or theft yourself. It’s an option many people take on a second home without thinking through as far as they should.

Second homes can be more expensive to insure because of the potential for theft or vandalism. With no one there to watch it all the time, there is more risk of something happening. You can keep this to a minimum by living in a multifamily dwelling as well as having your own security system.

Number of Thefts in Massachusetts

Burglaries are less common in Massachusetts than in other states, which is the one factor that can drive up the cost of home insurance. For recent years, the statistics were as follows:

  • The average among states was 37,814 break-ins.
  • Massachusetts had only 30,735 home thefts reported.

You can opt for many levels of coverage on the contents of your home, the most affordable based on current value. There is also coverage at full replacement value if you want, which would guarantee that in the case of theft, you can have everything replaced as if nothing ever happened in the first place. Your homeowners insurance should pay for any damage on your property caused by a break-in no matter what.

Number of Catastrophes in Massachusetts

Massachusetts has one of the lowest rates of major catastrophes in the nation due to a low rate of severe storms. There were not many reported in recent years:

  • In Massachusetts, there were 140 incidents of loss by catastrophe.
  • Only two tornadoes were reported.
  • 1 in 15 insured homes has a claim every year.

The low rate of widespread damage from catastrophes is the main reason Newton homeowners enjoy low homeowner insurance rates. It’s still vital to be covered, however, because when a storm does hit, the damage can be severe. You want to get things repaired quickly so that you can go back on your feet quickly.

What Are the Risks in Newton?

Homeowners insurance covers much more than storm damage and theft. A trampoline, for example, may be considered an “attractive nuisance” that can injure someone — whether you invited the person onto your property or not. You can take steps to minimize your risks in many ways, and some insurance companies will lower the cost of your premium for those efforts.

This is why the best insurance for you is not always the cheapest. Whether cleaning up from a storm or giving you credit for the improvements you make to lower your risk, every insurance company is as different as your home is. It’s important to know your insurance and be sure that you have what you need.

Compare Newton Home Insurance Quotes

For all your homeowners insurance needs, there is no one more important than your Independent Agent. Because agents live here in the Newton area, they know which insurance companies will work with you and which are the most dependable. They will also give you multiple quotes so that you can compare your options. Talk to your agent today to find the best homeowners insurance for yourself.

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