The agents at Vargas & Vargas Insurance serving the Dorchester, MA area offer home insurance policies to protect and secure one of your most significant investments. While home insurance is not required under Massachusetts law, having a good policy in place is still very important. If you owe money to a bank or mortgage lender for the purchase of your home, you will be required to carry a home insurance policy. Even if you’ve already paid off your house, you should still have homeowners insurance because you never know when disaster will hit. What Does Home Insurance Cover? A home insuranc ..read more

There are many things that will affect how much you pay for home insurance. Of these, a credit score can make a big difference in how much you pay. Much like using your credit to secure a loan or an account with most banks, your score will help insurers determine risks. For this, they’ll use a “credit-based insurance” score, or CBI. The Key Difference Between Credit-Based and FICO Score Although both the CBI and FICO use the same data, the processing is a bit different. Insurers are using most of the data associated with your credit, but not all of it. Unlike trying to apply for a line of cre ..read more

https://youtu.be/8rkttbjZ-jg Home insurance is not equal across the board. In fact, there are many, many factors that come into play when figuring your premiums. This includes how rates are affected by the location of the property. This boils down to how much of a risk factor is associated with your home because of its physical location. And this goes beyond the base an insurer may use for calculations. What Location Factors Affect Rates? There are many aspects to consider when pricing out a home insurance policy. Today, we’re just looking at the most common locality issues that will adjust yo ..read more

Homeowner’s insurance helps to alleviate financial issues in the event of an emergency. However, not all insurance policies are the same across the board. There are a lot of things that are considered when setting up the policy. In fact, it’s quite possible that your premiums will be different from someone who lives across the street. Even if your neighbors are using the same insurance provider. Age of the Residence One of the primary elements that will adjust your premiums is the age and condition of the home. If you have an older structure, there is a good chance you’ll pay more in premiums ..read more

Taking care of your property is nothing short of improving your investment. And although homeowner’s insurance can help recover in some cases, it doesn’t cover a lot of maintenance costs. This is especially true if damages are the direct result of being neglectful. These are just some of the costs that might come out of your pocket. Termites and Other Insects Although you may find your home tranquil, there are a lot of insects that might find it tasty. Termites and other insects can quickly turn your home into a sanctuary. In some instances, insurance policies do not cover the damages created ..read more

Your home insurance policy doesn’t provide a blanket of protection from everything. For example, you might not have coverage if a flood causes water damage to your property. But that also depends on the type of flood and what was damaged. Today, let’s take a quick look at flooding and what you can do to protect yourself. What kind of Flooding Isn’t Often Covered? Although home insurance can help with some costs caused by flooding, there are quite a few that may not be in your policy. This may include: Natural disasters, such as extreme rain or snow. External sewage line breaks or backups. Su ..read more

Watch the video by clicking here. As with anything else, insurance rates increase as time marches on. In fact, rates are often affected just as much by inflation as anything else you might buy. Unfortunately, this means that the cost of premiums and policies will continue to rise. How much these rates increase depends on circumstances ranging from neighborhood growth to the world stage. Replacement Cost Affects Insurance Rates The first thing that you should consider is how replacement costs work. This is much different than the purchase price of your home or auto. The replacement c ..read more

Understanding the terms of your home insurance policy can alleviate a lot of confusion and problems down the road. It’s not simply a form full of non-sensical legal jargon; it’s the plan to keep your home and family safe from financial ruin. Today, let’s take a look at those terms and clear some of the confusion. General Home Insurance Terms While a lot of insurance plans are unique to certain vendors, there are terms that are usually universal. So, no matter who is holding your policy, this list will still be of great benefit. Declarations Page The Declarations page is essentially a quick ov ..read more

Vargas & Vargas Insurance is here for the residents of Dorchester, MA and the surrounding area. If you are considering a new home purchase or want to make sure that you have the right insurance in place before winter arrives, give our office a call. Get your home ready for winter with the right insurance Winters can be disruptive in our area, and it only makes sense to carry the correct type of insurance at the correct policy levels. If it’s been a while since you have reviewed your policy, now is a great time to do so. Home insurance needs can change over time, so it is advisable to ..read more

Not everyone lives in the most serene locations or moves into the most perfect of homes. And sometimes, issues can arise that make finding quality insurance quite difficult. That’s when a FAIR Plan insurance policy might be the best course of action. Whether it’s from outdated wiring, roof damages, owning a high-risk dog breed, or filing too many claims, you could find yourself losing coverage of your home. However, there are options available when facing these high-risk elements. What is the FAIR Plan? Fair Access to Insurance Requirements, or FAIR, are plans that offer protection to homeown ..read more