Massachusetts Homeowners Insurance Information
Whether you own a house, condominium or townhouse, for most people
their home is their most important investment. T.A. Sullivan Agency
offers Massachusetts homeowners insurance policies that have flexibility
to meet your individual needs and above all, provide you with the security
that comes only from the knowledge that your home is safe.
Insurance for your home is one of the most popular
and important forms of personal insurance and the
typical Massachusetts Homeowners Insurance policy
has two main sections:
Section I - insurance coverage for your property
Section II - personal liability coverage (to cover you
in case of lawsuits arising from things that happen
on your property)
Homeowners insurance is often required by lenders
to obtain a mortgage and nearly everyone, whether
you own or lease property, should have the protection
of homeowners insurance.
Massachusetts Homeowners Insurance FAQ
Click on the link below to fill out a quote request form for
a Massachusetts Homeowners Insurance policy that will
provide excellent insurance coverage at an affordable
cost. Or you can speak with one of our Massachusetts
Homeowners Insurance agent specialists at our
Lawrence, MA location by calling (978) 683-4700,
Methuen, MA location at (978) 681-8200, or North
Reading location at (978) 276-2300 to discuss the policy
features in more detail.
We are a full-service insurance agency with two offices in Essex County, MA, one
office in Middlesex County, MA offering affordable Massachusetts homeowners
insurance policy premiums in the following cities and counties: Lawrence,
Methuen, North Reading, Haverhill, Andover, Boxford, Georgetown, Groveland,
Byfield, Merrimac, Newbury, Amesbury, Salisbury, Shawsheen Village,
Ballardvale, Wamesit, North Andover, Dracut, Lowell, Chelmsford, Tewksbury,
Collinsville, Billerica, River Pines, Nabnaset, Dunstable, Pepperell, Groton,
Tyngsoro, Westford, North Billerica, West Andover, Wilmington, Silver Lake,
Nutting Lake, Reading, Pinehurst, Burlington, Bedford, Hathorne, Middleton,
Lynnfield, Danvers, Hamilton, Topsfield, Plumbush, Newburyport, Salisbury
Beach, West Newbury, South Byfield, Little Neck, Rowley, Ipswich, Marlboro,
South Hamilton, Beverly, Gloucester, Manchester-by-the-sea, Rockport, Long
Beach, Pigeon Cove, Wenham, Boston, Salem, Peabody, Wakefield, South
Lynnfield, Woburn, Saugus, Lexington, Winchester, Stoneham, Greenwood,
Arlington, Medford, Melrose, Everett, Revere, Chelsea, Marblehead, Swampscott,
Nahant, Lynn, Cliftondale, North Saugus, Somerville, Belmont, Cambridge,
Waltham, East Arlington, Concord, Carlisle, Middlesex County, Norfolk County,
Worcester County, Plymouth County, and Suffolk County, MA. We can also offer
Massachusetts homeowners insurance policy services throughout the Bay State,
including in Worcester, Framington, Leominster, Fitchburg, and Springfield, MA.
Covered losses under a Massachusetts homeowners insurance policy can be paid on either
a replacement cost basis or on an actual cash value basis. When "actual cash value" is
used, the policy owner is entitled to the depreciated value of the damaged property.
Therefore, the older the item is, the less money you may receive for it. If you choose the
"replacement cost" coverage, the Massachusetts homeowners insurance policy will
reinburse the amount it costs to replace the property with something of a similar type and
quality at current prices.
An "All Risks" policy provides the broadest Massachusetts homeowners insurance
protection because it will cover losses that are due to any peril except those specifically
excluded in the policy. A "Named Perils" policy covers losses that are due to only those
perils listed in the standard Massachusetts Homeowners Insurance policy and typically
include fire, hail, windstorm, and other physical losses.
Massachusetts Homeowners Insurance Policy FAQ
If your policy limit is less than 80% of the replacement cost of your home, you will face
a "coinsurance penalty," which means you'll have out-of-pocket expenses to cover
costs beyond the policy deductible you chose. For example purposes we will assume
your home's estimated replacement value (RCV) is $100,000. The co-insurance
clause requires you carry at least $80,000 (80% of your RCV). If you chose to
purchase only a $40,000 Massachusetts Homeowners Insurance policy you would be
underinsured by half. Therefore, in the example the insurance company would pay
one-half of a loss less the policy deductible, so if you suffered a $10,000 covered loss
to your house, condominium or townhouse and had a $500 deductible, your policy
would only pay $4,500.
Massachusetts Homeowners Insurance Policy FAQ
Personal liability in a Massachusetts homeowners insurance policy is also an
important part of having security from accidents that may occur on your property.
We suggest you choose coverage limits that are not less than those on other
liability insurance you own, such as car insurance.
Click on the link below to fill out a quote request form for a Massachusetts
Homeowners Insurance policy that will provide excellent insurance coverage at
an affordable cost. Or you can speak with one of our Massachusetts
Homeowners Insurance agent specialists at our Lawrence, MA location by
calling (978) 683-4700, Methuen, MA location at (978) 681-8200, or North
Reading location at (978) 276-2300 to discuss the policy features in more detail.
**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your
insurance needs should be discussed with a licensed insurance agent.
Replacement Cost or Actual Cash Value
Massachusetts Homeowners Insurance Policy FAQ
All Risks or Named Perils
Coinsurance Penalty
Personal Liability
Massachusetts Homeowners Insurance Policy FAQ
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Massachusetts Homeowners Insurance
T. A. SULLIVAN
AGENCY, INC.
MA Homeowners Insurance
Since 1963
T. A. Sullivan Agency, Inc.
Copyright 2001-2012 All rights reserved
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T. A. Sullivan Agency
344 South Union Street
Lawrence, MA 01843
Essex County, Massachusetts
(978) 683-4700
T. A. Sullivan Agency
135 Merrimack Street
Methuen, MA 01844
(978) 681-8200
Fax: (978) 681-7775
T. A. Sullivan Agency
246 Main Street
North Reading, MA 01864
(978) 276-2300
Fax: (978) 276-2302