Norwell is a small town in Massachusetts’ Plymouth County. Its approximately 10,000 residents enjoy an extremely low crime rate, numerous shopping and dining options, beautiful trails and paths, and a competitive public school system that is known for its academic excellence. This makes it a wonderful community in which to set roots and raise a family. If you are among the proud homeowners in this affluent town, you will want to be sure to protect your investment by purchasing a solid Norwell home insurance policy.
When you are shopping for affordable coverage for your home, you can count on an independent insurance agent for help. These local agents are able to gather customized Norwell homeowners insurance quotes from a variety of highly-rated providers. This makes it easy for you to compare rates and find the best policy to meet your coverage and budgetary needs. Find an agent near you to learn more.
Cost of Homeowners Insurance in Massachusetts
- National yearly premium average: $1,034
- Massachusetts yearly premium average: $1,150
- 11th most expensive premium in the U.S.
Homeowners in Massachusetts pay higher-than-average rates for their home insurance coverage. Of course, rates can vary significantly from one homeowner to the next—and may be quite a bit higher in Norwell where the median house value is double the state average—so these figures should be used only as a way to get a general idea of how much you might expect to pay. When you request a quote for coverage, insurance companies take a number of factors into consideration. Considerations that may play a role in how these companies calculate your price for Norwell homeowners insurance coverage may include such things as:
- The estimated value and rebuilding cost of your home
- The ZIP code where your house is located
- Your insurance claims history
- Whether you are insuring a primary residence, a second or vacation home
- The amount of contents coverage you wish to purchase
- The amount of your deductible
Different insurance companies are likely to arrive at different costs for your coverage, so it is a good idea to compare at least three Norwell homeowners insurance quotes before you make a selection.
Second Home and Vacation Home Insurance
If you are among the Norwell residents who own second homes or vacation homes, these extra properties will have different insurance needs from your primary residence. For example, you may keep fewer belongings in a vacation home and therefore need less in the way of contents coverage; however, if the property is located in an area with a high risk of weather-related damage, or if it is left empty and unattended for several months out the year, your insurance company may assign much higher rates. Additionally, if you allow tenants to live in your extra properties, you will have increased liability risks and will need to cover your property with a landlord insurance policy. Your agent can help you determine the coverage needs of your additional properties and can help you find the best policies to cover them.
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 in the low-crime town of Norwell, it is even lower. In recent years, there were only 18 burglaries reported in this town. That equates to about 1.67 burglaries for every 1,000 homes—about one quarter the national rate.
In the event that your house is burglarized, your homeowners insurance can compensate you for your losses. You will want to be certain that your more valuable belongings, such as extensive jewelry or fine art collection, are fully covered. In some cases, this may require you to purchase special endorsements. Your agent can help you ensure that your Norwell home insurance policy has all the coverage you need so that you can receive full compensation in the wake of a burglary or other catastrophe.
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.
While the risk of a tornado in Norwell is rather low, residents of this town may experience property damage to their homes because of other weather-related events, such as hurricanes and tropical storms or manmade disasters such as kitchen fires. You will, therefore, want to be certain that your policy includes a sufficient amount of structure and contents coverage, and that your Norwell homeowners insurance policy is backed by a reputable and responsive insurer.
What Are the Risks in Norwell, MA?
Residents of Norwell have a high risk of property damage caused by hurricanes and severe storms. Heavy winds, lightning strikes, and torrential rains can wreak havoc on roofs, siding, and peripheral property in the area. While most storms are covered by home insurance policies, some require you to purchase special endorsements in order to have coverage against hurricanes. Your local agent will be familiar with your risks and can help you find a policy that provides the coverage you need.
Furthermore, these storms can often cause flooding in Norwell, as can winter snow thaws. The ground can become saturated, drainage systems can be overwhelmed, and waterways like the North River and Second Herring Brook can overflow their banks, leading to water damage in area homes. Unfortunately, flood damage is not covered by most home insurance policies, as too many homeowners tend to learn only when it is too late. You can, however, obtain coverage against this hazard. Your agent can help you supplement your Norwell home insurance with an affordable flood insurance policy through the National Flood Insurance Program (NFIP). That way, you can close this dangerous coverage gap.
Compare Norwell Home Insurance Quotes
The only way you can be certain that you are purchasing your Norwell homeowners insurance policy at a reasonable price is by comparing costs and offerings from a few competing insurance companies. Because this can be a time-consuming and often frustrating task, many people avoid doing it and then end up paying more than they need to for their home insurance.
That is why it is to your advantage to let an agent work for you. These agents can take the time to learn your specific coverage needs and will then make rate inquiries from a selection of insurance companies on your behalf. That way, you can easily compare customized Norwell home insurance quotes and select the policy that offers you the best value. With offices conveniently located in and near Norwell, it is easy to find a local agent who can assist you.