Waltham Homeowners Insurance

What Your Waltham, MA Homeowners Insurance Policy Needs

Find the right homeowners insurance policy for you.

When settling in the Boston area, you have a lot of choices. Nearly every city has its charm, its amenities and maybe even a university. What sets Waltham, MA apart is that it's a step up in so many ways without being out of reach. The tree-lined streets and central square are especially beautiful, and Brandeis is one of the most respected universities in the world. Transportation is readily available to take you anywhere you need to be. If you own a home in Waltham or you are thinking about buying one, you know how great it is.

In order to protect your Waltham home, you need insurance, and finding insurance can be complicated and expensive. The best thing you can do is to talk to your Independent Insurance Agent. Your agent will shop around to get you multiple quotes so that you can compare them and find the most affordable policy. Despite having few storms and other major risks, homeowners insurance is a bit more expensive in Waltham. The statistics from recent years show how much more:

  • The national average was $1,034 for home insurance.
  • In Massachusetts, the average was $1,150.
  • For homeowners insurance, the Bay State ranks 16th overall.

The cost of insuring your home is based on a number of factors. Size is the most important factor, simply because a larger home is more expensive to replace in the event of a fire or other disaster. The condition of your house is also very important, so you can expect periodic inspections to make sure it’s in good shape.

Waltham Second Home and Vacation Home Insurance

Not many people have second homes in Waltham, but there are a few who keep a place here to be near Boston for business reasons. Those who do should consider insuring it the same way they would their primary residence. There’s no point in skimping because the same potential for loss exists on a second home. If you do want to save money and take on some risk yourself, the most common way is to not insure the contents of the home. Often you will find that this is more expensive on a second home anyway, given that no one is there all the time to keep an eye on things. A security system can lower your cost with some carriers, which is why it often pays to shop around and compare quotes.

Number of Thefts in Massachusetts

Burglaries are not a big problem in Massachusetts, overall. In recent years, the figures were as follows:

  • Nationally, the average state had 37,814 break-ins.
  • In Massachusetts, there were 30,735.

There are many things you can do to protect yourself and keep your insurance cost low. A security system is the most important, and you will often get a discount for this. Generally, homeowners insurance pays for all costs related to damage caused by a burglar even if your home’s contents are not insured. It’s important to have the coverage you need to protect the valuables you have in your home.

Number of Catastrophes in Massachusetts

With some of the mildest weather in the nation and no other threats like earthquakes, Massachusetts has one of the lowest rates of catastrophes. Across the state in recent years, the following was true:

  • There were 140 official catastrophes or incidents of widespread loss.
  • There were only two tornadoes reported.
  • 1 in 15 insured homes has a claim every year.

While this is not a serious concern in Waltham, it’s important to have the right insurance should a thunderstorm or wicked nor’easter strike. The right insurance company is often not the cheapest one but the one that gives you the least hassle when you really need them to help you get back on your feet.

What Are the Risks in Waltham?

There aren’t a lot of major risks close in to the city other than ones that are particular to your own home. That’s a good thing because there are many things you can do to protect yourself and keep your insurance cost low. There are other things that influence the cost of your insurance, including any “attractive nuisance” such as a trampoline, which can cause injury. A fenced yard with a good security system protects you no matter what your situation. There is also liability from the many old trees, which could lose a limb and hurt someone when you least expect it. That’s what good insurance can take care of for you so you can rest easy.

Compare Waltham Home Insurance Quotes

You do have a lot of options when looking for the homeowners insurance that best fits your unique home. Talk to your Independent Agent today. Since agents are not tied to one company, they will get you the quote for your home at the most affordable price.

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