Because everyone's needs are not the same, it is best to consult one of our agents, to help assess your needs and find the insurance policy that is right for you.
What is Homeowners insurance?
Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it.
Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.
Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy coverage for flood and earthquake coverage. Maintenance-related problems are the homeowners' responsibility.
Sample Rates for a single family Preferred Homeowner in N. Andover*
Dwelling 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000
Other Structures 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000
Personal Property 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000
Loss of Use 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000
Personal Liability 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Medical Expense 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Annual Premium $319 $439 $501 $589 $712 $824 $941 $1,057 $1,181
Replacement Cost on Dwelling and Contents is included!
Additional Savings may or may not apply to lower the rate further: 5% Mature Homeowner (age>54 yrs); 1%-10% Renewal Credit (1-10 yrs); 2%-13% Burglar and/or Alarm System; Loyalty Credit 8%(if applicable); Umbrella policy Credit 2%
* Auto/Multi policy credit already included, property deductible of $1,000 applies, Home built in 2011