Get a Free Quote: Homeowners Insurance Coverage for a New Home
Purchasing a new home is one of the most exciting and challenging experiences in life. Aside from the monthly mortgage payment, there are several other things to consider, including the down payment, annual property taxes, and obtaining a house insurance estimate. Homeowners insurance in our nearby towns such as Dartmouth, Westport, Fairhaven, Freetown, Rochester and of course New Bedford, is the best safeguard to your investment from factors beyond your control, such as weather-related damage. The best place to start is to contact Borden Insurance Agency Inc, your local New Bedford insurance agent and discuss what you need in order to obtain a Massachusetts homeowners insurance coverage.
Get a Home Insurance Estimate
Begin by conducting some research to see how much the previous owners paid for insurance, property taxes, utilities, and other necessary expenses. Certain criteria, such as residing near a fire station, proximity of fire hydrants, the age of the home, might minimize the cost of your home insurance estimate. In fact, some potential home buyers may visit with their New Bedford homeowners insurance agent to explore local rates. Some regions will have greater rates than others, based on a variety of criteria invloving risk.
Expect to have alternatives open to you, such as the ability to begin the insurance process right away if you are dealing with the same agency that you already use for your Massachusetts auto insurance policy. This can be quite beneficial in meeting the lender’s standards during the purchase process. You should also expect to have payment alternatives, such as paying for the complete year in advance or making monthly installments. Many homeowners consolidate their mortgage, property taxes, and insurance bills into a single monthly statement with their lender and make annual payments to the insurance company as part of an escrow account.
Saving on Homeowners Insurance Coverage
There are other steps you may take to save money on your Massachusetts homeowners insurance coverage, such as upgrading the systems within your home. Smoke alarms, carbon monoxide detectors, security alarm systems, and locking mechanisms on pool or garden gates are all useful reducing risk and claims. When you receive preliminary pricing for a home insurance estimate, make sure to inquire about any other actions you can do to qualify for a discount on your cost for New Bedford homeowners insurance.
Many homeowners utilize bundling to gain discounts not just on home insurance quotes but also on vehicles. Bundling is when you combine your vehicle and house insurance with the same insurance company or agent. This can help lower your rates for both forms of insurance, saving you money. Check with your local insurance agent in New Bedford to see whether bundling is a possibility for you and the policies you already have. However, it is critical to realize that obtaining “cheap” insurance is not the aim. Your objective should be to obtain a coverage that protects your investment and everything inside it.
Speak with a New Bedford Insurance Agent
This should be your main query when you visit your local firm to explore Massachusetts homeowners insurance. You might be shocked to learn what is covered and what is not. For example, flood insurance is not included in the typical homeowners insurance policy. Many locations in coastal towns such as New Bedford, Fairhaven and Dartmouth will require you have flood insurance if you have a mortgage. It is an additional policy that protects residences in flood zones or locations where floods have already occurred. Your agent may offer you information on additional endorsements based on your unique needs and valuable items such as jewelry that you wish to cover. Request both a standard home insurance quotation and an extra quote with any endorsements included.
If you are seeking to buy a new house or need new insurance for your current home, call Borden Insurance at 508-999-3636. We can provide you with a detailed home insurance quotation as well as answer any concerns you may have regarding Massachusetts homeowners insurance needs. Our insurance firm in New Bedford has been servicing the SouthCoast region since 1909, and we have built a strong reputation with consumers all across the area. Call today for a free quotation on New Bedford homeowners insurance or vehicle insurance coverage.