Homeowners Insurance

Whether you're embarking on the exciting journey of becoming a first-time homeowner or have been a seasoned property owner for years, understanding the significance of home insurance is crucial. Home insurance provides you with a safety net, allowing you to rebuild or repair your home, replace your cherished possessions and receive liability coverage in the unfortunate event of accidents or injuries on your property. 

Schaffner Insurance Agency is here to help ensure you have the right homeowners insurance coverage. Contact us today to discuss your home insurance needs.  

What’s Covered By Homeowners Insurance? 

When it comes to home insurance, it's essential to understand the various coverages that can safeguard your home and belongings. A typical home insurance policy includes the following protections: 

• Dwelling coverage—Your home is more than just a physical structure; it's where you and your loved ones find comfort and security. Dwelling coverage offers financial protection for the physical structure of your home, including its walls, roof, floors and foundation. This coverage kicks in when covered perils, such as fire, lightning, windstorms, hail or vandalism, cause damage to your dwelling.
• Personal property coverage—Personal property coverage helps ensure that your furniture, appliances, clothing, electronics and other possessions are protected against unexpected events. If your personal items are damaged or destroyed due to covered events like fire, theft or certain natural disasters, this coverage may help reimburse you for the cost of repair or replacement.
• Liability coverage—Accidents can happen, even in the safety of your own home. Liability coverage provides you with peace of mind by offering financial protection if someone is injured on your property or if their belongings are damaged, and you are found legally responsible. It helps cover medical expenses, legal fees, and settlement or judgment costs resulting from these incidents, ensuring that you are not burdened with exorbitant expenses.
• Additional living expenses—Life can be unpredictable, and sometimes your home becomes temporarily uninhabitable due to a covered event, such as a fire or severe storm. In such cases, additional living expenses coverage can be a lifeline. It helps pay for temporary living arrangements, such as hotel stays or rental accommodations, ensuring that you and your family have a safe place to stay. It can also cover additional costs like meals and transportation, easing the financial strain during this challenging time. 

How Much Home Insurance Do I Need?  

Determining the ideal coverage amount for your home insurance is not a one-size-fits-all approach. Your circumstances, geographic location and specific insurance needs all play a crucial role in finding the right level of protection. That's why it's essential to consult with Schaffner Insurance Agency for help assessing your situation and getting appropriate coverage limit recommendations. 

How to Get Homeowners Insurance 

If you live in or around Tewksbury, Massachusetts, Schaffner Insurance Agency is here to help you with your homeowners insurance needs. Give us a call today to get started.  

 

Renters Insurance Information

With renters insurance, you will be able to replace what is damaged or stolen.

Renters insurance covers your possessions against losses from fire or smoke, lightning, vandalism, theft, explosion, windstorm, and water damage from plumbing.

However, renters insurance does not cover floods, earthquakes or routine wear and tear. You can, however, buy separate policies for flood and earthquake damage.

If you are forced out of your home because of a disaster your additional living expenses will be covered.

Renters insurance pays the reasonable additional costs of temporarily living away from your home if you can't live in it due to a fire, severe storm or other insured disaster. It covers hotel bills, temporary rentals, restaurant meals and other living expenses incurred while your home is being rebuilt. Coverage for additional living expenses differs from company to company.

Renters insurance also covers your responsibility to other people injured at your home or elsewhere by you, a family member or your pet and pays legal defense costs if you are taken to court.

Decide How Much Insurance You Need.

Add up the cost of everything you would want to replace if it were damaged or stolen. This could also serve as the basis for an inventory that will make filing a claim easier. For an inventory, also record model numbers, dates and places of purchase. Take photographs or make a video of these items and place a copy of the inventory in safe place away form your home.

If you rent an apartment or house you need insurance to protect your belongings. While your landlord might have insurance, it only protects the building. Your belongings are not covered under those policies.

Thank you for your interest in Schaffner Insurance. We work with multiple A+ carriers to shop for the best coverage and best rates for your specific needs. Feel free to call us at 978-851-2727 or email your questions and an insurance professional will reply promptly.

Insuring: Tewksbury, Wilmington, Billerica, Chelmsford, Lowell, Andover and Throughout Massachusetts and New Hampshire (Pelham, Windham, Derry, Londonderry and Salem) .