Please call for immediate friendly service for
your Massachusetts
& New Hampshire Home Owners Insurance.
Andrews Insurance can provide proper
insurance coverage for your
home in your area.
Ask how we can save
you up to an addition 15% off your premium.
Be sure to ask about a Personal Umbrella
Policy.
(978) 373-5550
Home owners insurance Q&A
Q) What is an Umbrella Policy?
A) From
WikiPedia it is defined as:
"Umbrella insurance refers to a
liability
insurance policy that protects the assets and future income of the
policyholder above and beyond the standard limits on their primary policies. It
is distinguished from
excess insurance in that excess coverage goes into effect only when all
underlying policies are totally exhausted, while umbrella is able to "drop down"
to fill coverage gaps in underlying policies.[1]
Therefore, an umbrella policy can become the primary policy "on the risk" in
certain situations. The term "umbrella" refers to how the policy shields the
insured's assets more broadly than primary coverage.
Typically, an umbrella policy is pure liability coverage over and above the
coverage afforded by the regular policy, and is sold in increments of one
million dollars. The term "umbrella" is used because it covers liability claims
from all policies underneath it, such as
auto insurance and
homeowners insurance policies. For example, if the insured carries an auto
insurance policy with liability limits of $500,000 and a homeowners insurance
policy with a limit of $300,000, then with a million dollar umbrella, the
insured's limits become in effect, $1,500,000 on an auto liability claim and
$1,300,000 on a homeowners liability claim."
Q) My home was just appraised for $500,000, why is my insurance
coverage only $300,000.
A) Your home owners' policy only covers the replacement of your
house. Land does not need coverage as it is not destroyed during a loss
event (fire, hurricane, etc.).
Q) What needs to be scheduled on my Home Owners' Insurance for
proper coverage?
A) This depends on server factors. As general rule
the following should be discuss with your agent:
- Fine Arts
- Jewelry, usually over $1000 in value
- Antiques
- Special collections (Hummels, Fine Crystal, memorabilia, etc)
- Stamp & Coin Collections
- Guns
- Furs
Q) How can I prove what items I have in my home if anything
every happens?
A) We recommend that you video tape the contents of your home.
It is important to store a copy of that tape off site.
Q) What does the Identity Theft endorsement cover?
A) This covers the cost (up to the policy limit) of repairing
your credit and a good name. It doesn't cover the actual fraudulent debt. Q) Is it important that I let my insurance company know when I
refinance my house?
A) YES! Finance companies require proof of insurance & we their
address on-file. Also, if a claim is filed, the check will be in your old
finance companies name and un-cashable.
Q) Is flood covered on my policy?
A) No, flood insurance is separate from a home owners' policy.
Although, some water damage is covered under your home owners' policy.
Please call for details for your area.
We provide all of your insurance needs:Our licensed, professional staff has over 30 years of experience and is
known to provide excellent service by working directly with you to secure the coverage
required to meet your current needs. As for the future, we work hard at anticipating
our customer's needs and will continue to offer competitive solutions to meet your
ever-changing requirements. At Andrews Insurance, we will continually search for
the best combination of insurance coverage and price and offer real value to our
customers. we are looking to save you money on your insurance and still
maintain proper coverage. We are licensed in all of the services we offer;
Auto Insurance, Home Owner Insurance, Life Insurance, Group Insurance. For you convience, please use our Online Quote Service and we will get back to you as soon as possible.
Located in Groveland, Massachusetts Andrews Insurance Agency is an Independent
Insurance Agent and has been providing the full range of insurance services for
Salisbury,
Haverhill,
Groveland,
Newburyport,
Boxford,
Georgetown,
Byfield,
West Newbury,
and other local towns in Massachusetts
and New Hampshire since 1985. We can help you via Phone, Fax, or mail.
Distance isn't an issue, enjoy our home like friendly service in person or on
the phone.
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