Is the lowest insurance quote always the best one? What are you not getting when you pick the cheapest option? Let’s talk about why that “great deal” might not be so great when you actually need it. In this article, you’ll learn what most agencies won’t tell you about coverage, deductibles, and how to truly protect yourself.
Yes, We’ll Show You the Cheapest Option — But That’s Just the Start
When you come to Vargas & Vargas Insurance for a quote, you’ll definitely see the lowest-price policy. But we won’t stop there — because what you don’t see on the quote sheet matters even more.
The cheapest policies often leave out key protections like:
Water backup coverage
Adequate liability limits
Personal property protection
You could save $100 today, but end up paying thousands when the unexpected happens. That’s why we believe it’s better to compare not just the price — but the protection.
Deductibles: Lower Premiums Aren’t Always Worth the Risk
Absolutely — here’s a rewritten version of that paragraph that incorporates your points and keeps the tone clear, helpful, and aligned with the rest of the article
Choosing a $2,500 deductible to save $30 a month might be a smart move for some — but not for everyone. That’s why we take the time to explain how that trade-off would actually play out in the real world, especially when it comes to filing a claim. We’ll also walk you through percentage-based deductibles — what they are, how they work, and why they can be risky in certain situations. You’ll leave the conversation knowing exactly what you’re signing up for, and whether it fits your comfort level and financial reality.
It’s not about cheap — it’s about what’s smart for you.
We Sell with Honesty, Not Pressure — Every Single Time
We’re not here to upsell or scare you into a pricier policy. And we’re definitely not here to push a rock-bottom deal that leaves you vulnerable.
Our job is to walk you through all your options — clearly, honestly, and with your best interests in mind.
We’ve served the Boston area for over 45 years, and we’ve seen it all. That’s why we take the time to explain what each quote really means, and why one option might make more sense for your situation than another.
What’s the Smartest Move for Your Insurance? Let’s Talk About It.
At the end of the day, the “cheapest” policy could be the most expensive mistake you make. Especially if it skips key coverage or gives you a deductible you can’t afford.
Now that you know what to look for — and what to ask — it’s time to get a quote that’s tailored to you.
📞 Call us today at 617-298-0655 or click below to get started online.
You’ll get:
Side-by-side comparisons of coverage and cost
Clear advice on deductibles that match your comfort level
No pressure — just real guidance from local experts
If you’re just looking for the lowest price, a broker might not be your best fit. That may sound odd coming from an insurance broker — but honesty is part of the deal when you work with Vargas & Vargas.
We’re not here to tell you what you want to hear. We’re here to tell you what you need to know. With 45+ years in the insurance industry, we’ve seen what happens when people chase the cheapest premium and ignore the fine print. It usually ends with big out-of-pocket expenses, confusion during claims, or gaps in protection they never knew existed.
In this article, we’ll explain exactly when working with a broker makes sense — and when it doesn’t.
If Price Is All That Matters, a Direct Company Might Be a Better Fit
Let’s be real — if you’re only interested in the lowest monthly premium, a direct insurer like GEICO or Progressive might give you what you’re looking for. You can quote online, click a few buttons, and get coverage fast.
But what do you give up in exchange for that price?
Ultra-low quotes often mean:
Lower liability limits (leaving you exposed)
No water backup coverage
Hidden deductibles
No advisor to help you if something goes wrong
Having Deductibles where there should be none
Short term policies (6 months instead of 12 months)
And when disaster strikes? You’re left alone with a 1-800 number and a policy you don’t fully understand.
What Makes a Broker Different — and Why It Matters
We don’t work for one company. We work for you.
As an independent broker, we partner with 12 to 15 top-rated insurance carriers and compare their offerings based on:
Your personal risk factors
The value of your home or vehicle
Your budget and deductible preferences
What’s actually covered — not just the price
That means you get the best possible value, not just the best possible price.
And here’s the part most people miss: Before every single renewal, we re-check your policy. If something has changed or a better option is available, we’ll reach out and walk you through the pros and cons of switching — without pressure.
Our Promise: Advice First, Sales Second
We’ve been serving clients in Boston and beyond for over 45 years. During that time, we’ve earned a reputation for being the team that tells it like it is — even when that means telling someone we might not be their best fit.
We’re not in this for one sale. We’re in it for the long haul. Our clients stick with us because they know we treat their policy like it’s our own — and we never disappear after the paperwork is signed.
Still Wondering If a Broker Is Right for You? Here’s What to Do Next
You came here to figure out if working with an insurance broker is the right move — and maybe discovered that for some people, it’s not. That’s okay.
But if you’re looking for more than just a cheap rate — if you want real advice, real coverage, and someone in your corner for the long run — Vargas & Vargas is here for you.
📞 Call us at 617-298-0655 or request a quote online.
You’ll get:
A side-by-side comparison of coverage, not just price
A policy tailored to your real-life needs
A broker who checks in before renewal — not just when you call
Your home isn’t just where you live — it’s where life happens. It’s filled with memories, milestones, and the people and pets that matter most.
So when disaster strikes — whether it’s a burst pipe, a break-in, or severe weather — it’s not just physical damage. It’s emotional. It’s disruptive. And it can feel overwhelming.
That’s why having the right insurance — and the right team — makes all the difference. At Vargas & Vargas Insurance, we’ve been helping Massachusetts homeowners file and navigate claims for over 45 years. If you’re facing damage to your home or just want to be prepared, here’s a step-by-step breakdown of what to expect during the homeowners insurance claims process.
Step 1: Stop Any Further Damage
If you’re in the middle of an active emergency, your first priority is safety — and then damage control.
Make sure everyone in the home is safe.
Stop any ongoing damage if it’s safe to do so (e.g., turn off the water, board up a window).
Take photos and save receipts for any temporary repairs or cleanup.
💡 Pro tip: If your insurer believes the damage could have been prevented, they may reduce or deny parts of the claim. Do what you can to minimize additional loss.
Step 2: Gather Detailed Information
Start documenting everything as soon as it’s safe.
What happened and when
What was damaged
Who was involved (if applicable)
Photos of all damage — ideally from multiple angles
📸 If your home was burglarized, be sure to file a police report.
Step 3: Decide Whether to File a Claim
You might assume you should file a claim automatically, but that’s not always the best move. Consider the following:
Is the damage even covered by your policy?
Is the cost of repairs below (or just above) your deductible?
Will filing a small claim increase your future premiums?
If you’re unsure, give us a call. Vargas & Vargas Insurance can help you run the numbers and make a smart, pressure-free decision.
Step 4: Understand What’s Covered — and What’s Not
Most standard home insurance policies cover:
Fire and smoke damage
Storm-related damage (if sudden)
Theft and vandalism
Water damage from burst pipes
Overflow damage from toilets or sinks
But there are some important limitations and exclusions. Coverage typically does not include:
Flood damage (requires separate flood insurance)
Gradual wear and tear
Damage from pests or neglect
Earthquakes (unless added)
Sewer or water backup (unless added)
If you have extra coverages like equipment breakdown, service line protection, or sewer backup, those are usually added by endorsement.
Step 5: Know Your Deductible
Your deductible is what you pay out of pocket before your insurance kicks in. Common deductibles are $500, $1,000, or $2,500.
Example: If your deductible is $1,000 and the repairs will cost $1,200, you’ll only receive $200 from the insurance company — and that small payout might not be worth the potential for a rate increase.
When in doubt, ask us. We’ll help you evaluate your situation.
Step 6: Call Your Insurance Agent
Once you decide to move forward with a claim, your first call should be to your insurance agent — not the insurance company directly.
At Vargas & Vargas, we’ll:
Collect your documentation
Answer your questions
Submit the claim on your behalf
Guide you step-by-step through the process
Step 7: Work With the Adjuster
After the claim is submitted, your insurance company will assign an adjuster. Their job is to:
Verify your report
Evaluate the damage
Determine what’s covered under your policy
It’s a good idea to be present when the adjuster visits, if possible, to walk them through everything and answer questions.
Step 8: Get Repair Estimates
Before starting repairs, get written estimates from licensed and insured contractors.
Why does this matter?
Your insurance company may not accept repairs done by unlicensed contractors.
You’ll need accurate estimates to negotiate your claim payout if the adjuster’s offer feels low.
It protects you legally and ensures the work meets code.
Step 8.5: Notify Your Mortgage Company (If You Have One)
If you have a mortgage, it’s essential to let your lender know you’ve filed a claim. Most insurance claim checks are issued to you and your mortgage company jointly, meaning both parties must sign off before the funds can be released.
Each lender has their own process, so the sooner you start communicating with them, the better. Some may require inspections, documentation, or staged payment releases during the repair process.
Skipping this step could lead to delays in getting funds released — and delays in starting your repairs.
Step 9: Wait for Your Claim Settlement
Once your claim is approved and a payout amount is agreed upon, the insurance company will start issuing your payment — but you likely won’t get the full amount upfront.
Here’s how it usually works:
Actual Cash Value (ACV) – This is the depreciated value of your damaged property. You’ll get this check first.
Replacement Cost – After you repair or replace the items and provide proof (invoices, photos), you’ll receive the rest of the funds to cover the replacement cost.
Why the split? Carriers want to ensure the repairs are actually completed before releasing the full amount.
Stay Calm — and Stay in Touch
Filing a home insurance claim is stressful, but knowing what to expect can make a huge difference. And remember: you don’t have to figure it out on your own.
At Vargas & Vargas Insurance, we’re with you every step of the way. From deciding whether to file to making sure you get what you’re owed, we advocate for you — not the insurance company.
And one last tip: make sure your coverage still fits your life. Home value changes, renovations, and new belongings can affect what you need. That’s why we recommend reviewing your policy with us at least once a year.
Questions About a Home Insurance Claim?
Whether you’re in the middle of a claim or just want to make sure you’re prepared, we’re here for you.
Have you ever wondered what would happen if your house got damaged? That’s where homeowner’s insurance comes in handy! It’s like a safety net for your home and belongings. In this blog post, we’ll explore how to handle insurance claims if something goes wrong with your house.
What is Homeowner’s Insurance?
Homeowner’s insurance is a type of protection you can buy for your house, condominium or apartment. It helps pay for repairs or replacements if your home or stuff inside it gets damaged. This insurance can cover many different problems, like:
Natural disasters (like storms or floods)
Fires
Theft
Accidents that hurt people visiting your home
Lawsuits
It’s important to have this insurance because repairing your home or condo after damage that has occured can cost a lot of money!
Common Types of Insurance Claims
There are three main types of claims that homeowners often make:
Damage to the house: This could be a tree falling on your roof, a pipe bursting and flooding your basement, or your roof is damaged.
Damage to personal belongings: This covers things like furniture, clothes, or electronics that get stolen or ruined.
Liability claims: These happen when someone gets hurt while visiting your home, or away from your home (with the correct coverage in place).
If something bad happens to your house, here’s what you should do:
Call your independent insurance broker-agent or insurance company right away. Tell them what happened.
Take lots of pictures of the damage. This will help prove what happened.
Keep all receipts if you have to buy things or fix stuff before the insurance company looks at the damage.
Start looking for licensed and insured experts to give you a quote to repair the damage.
The insurance company will send someone called a claims adjuster to look at your house. They’ll advise you how much money you should receive to repair the damages.
Be patient! Sometimes it takes a while to get everything sorted out.
Tips for a Smooth Claims Process
To make sure everything goes well when you file a claim, try these tips:
Know what your insurance covers. Read the exclusions portion of your policy carefully or ask your independent insurance broker-agent to explain it.
Make a list of all your important things and how much they cost. This will help if you need to replace them.
Understand how much you might have to pay out of pocket, this is called your deductible.
Keep your house in good shape. Fix small problems before they become big ones!
Sometimes, the insurance company might say no to your claim. Don’t worry! You can send them further information. Here’s what to do:
Ask the insurance company why they denied your claim
Look for any new information that might help your case.
Write a letter explaining why you think they should pay for the damage.
If they still say no, you can ask for help from your state’s insurance department.
And, if they still deny your loss, consider working a highly recommended and rate public adjuster
Remember, it’s always better to be prepared before something goes wrong. Take some time to become familiar with your insurance policy now. Make sure it covers everything important to you. If you’re not sure about something, ask your insurance agent for help.
Dealing with insurance claims can seem tricky, but if you follow these steps, it becomes much easier. Keep calm, stay organized, and don’t be afraid to ask questions. Your home is important, and having the right insurance can give you peace of mind.
By understanding how your home, condominium or renters insurance policy works and how to handle claims, you’re taking a big step in protecting your home and family.
If you have any questions about homeowner’s insurance or need help with your policy, don’t hesitate to reach out to a professional. Vargas & Vargas Insurance, your local independent insurance broker, can be reached at 617-298-0655 for any questions you may have.
We’ve all seen the comforting insurance commercials:
“Like a good neighbor…”
“You’re in good hands…”
These slogans suggest that your insurance company is always there to cover anything that goes wrong. But here’s what they don’t tell you—insurance isn’t designed for every little issue, and using it the wrong way can actually cost you more in the long run.
Let’s break down what insurance is really for, when you should and shouldn’t use it, and how to protect your home the smart way.
The Problem – Common Insurance Misconceptions
Many homeowners believe that because they’ve been paying premiums for years, they should be able to file claims for anything—from a small roof leak to a broken fence. But that’s not how home insurance works.
Home Insurance Is for Major, Unexpected Losses
Think of home insurance like car insurance. If you get into a major accident, your policy covers the damages. But you wouldn’t file a claim for new tires or an oil change, right?
The same logic applies to your home. Insurance is designed to protect against:
✔ Fires
✔ Storm damage
✔ Major structural issues
✔ Unexpected, catastrophic events
It is not meant to cover:
✖ Regular wear and tear
✖ Minor maintenance issues
✖ Gradual damage from neglect
The Cost of Filing Too Many Claims
When homeowners file too many small claims, two things happen:
Premiums Increase: Insurance companies view frequent claim-filers as high-risk.
Policy Cancellation Risk: If an insurer believes you rely too much on your policy, they may cancel your coverage altogether—making it harder and more expensive to find new insurance.
The Reality – How Insurance Actually Works
Every time you file a claim, it stays on your record. Even if it’s a small claim, insurers track your claims history and adjust your rates accordingly.
Example: How Small Claims Add Up
Let’s say in three years you file:
A claim for a minor roof leak ($2,000)
A claim for a plumbing issue ($1,500)
A claim for wind damage to your fence ($1,000)
Individually, these seem reasonable. But together? You now look like a homeowner who depends on insurance for routine upkeep.
That’s when insurance companies start:
Raising your premiums
Labeling you as high-risk
Potentially dropping your policy
Before filing a claim, ask yourself: Is this claim worth it in the long run? If the repair cost is close to your deductible, it’s often better to pay out of pocket and avoid adding another claim to your record.
A Smarter Approach – Taking Control of Home Expenses
So, what’s the better way to manage home repairs and keep your insurance costs low? It’s all about being strategic and proactive.
1. Maximize Your Deductible to Save on Premiums
One of the most effective strategies is to increase your deductible. By choosing a higher deductible, you can:
💰 Lower your annual premium
🚫 Avoid the temptation to file small claims
🛡️ Reduce the risk of policy non-renewal due to claim frequency
This approach not only saves you money each year—it also protects your insurability by keeping your claims history clean. If you’re only filing claims for major losses, your insurance company sees you as a lower risk, which can lead to better long-term rates and fewer coverage issues.
2. Have an Emergency Fund
Setting aside a cushion for small repairs means you won’t feel the pressure to file a claim every time something breaks.
3. Keep Up with Maintenance
Routine maintenance prevents minor issues from becoming major headaches. Take care of your home like you would your car—it pays off.
4. Be Strategic with Claims
If the repair cost is close to your deductible, it’s often better to pay out of pocket and preserve your clean record.
We’re Here to Help
At Vargas & Vargas Insurance, we understand that navigating insurance can be complex. Our goal is to provide you with the knowledge and support you need to make informed decisions about your coverage.
Have questions or need assistance with your policy? Give us a call at 617-298-0655. We’re here to help you protect what matters most.
What happens if your condo becomes uninhabitable after a fire or water loss?
Would your current insurance policy cover the cost of a temporary place to live?
In this article, we’ll explain exactly how “Loss of Use” coverage works in a Massachusetts HO6 personal condo insurance policy—and why many condo owners find themselves underinsured when it matters most.
You’ll learn how to calculate your coverage, what expenses are included, and how to protect yourself from major financial gaps if your condo suffers serious damage.
🏠 Understanding Loss of Use in Your HO6 Condo Insurance Policy
A personal condominium insurance policy—also known as an HO6 policy—is a package policy that includes different types of coverage. One of the most overlooked (yet critical) sections is “Loss of Use” coverage.
This part of your policy helps pay for additional living expenses (ALE) if your condo becomes temporarily uninhabitable due to a covered event like fire or water damage.
🔍 How Is Loss of Use Coverage Calculated?
In Massachusetts, your Loss of Use limit is typically a percentage of your personal property limit.
Let’s break that down with a real-world example:
If your HO6 condo insurance policy includes $25,000 in personal property coverage, and your Loss of Use limit is 30%, your maximum benefit for temporary living expenses would be:
$25,000 × 30% = $7,500
That $7,500 would need to cover your monthly rent, utilities, and other additional living expenses while your damaged condo is being repaired.
🏚️ But Is That Enough to Cover Your Temporary Living Expenses?
Consider this: If your condo needs several months of repairs after a major loss, would $7,500 stretch far enough to pay for:
Rent on a comparable temporary apartment
Heat and electricity
Additional commuting or storage costs
Pet boarding or rental deposits
Meanwhile, you’re still responsible for paying your usual monthly mortgage, condo fees, and real estate taxes—none of which stop just because you’re displaced.
🛑 Your Condo Association’s Master Policy Doesn’t Cover This
Many condo owners mistakenly believe their Condo Association’s Master Insurance Policy will help in these situations.
But that policy typically only covers common areas and the structure itself—not your personal belongings or your cost of living while your unit is being repaired.
✅ What You Can Do Right Now: Review and Adjust Your Coverage
Pull out your HO6 condo insurance policy.
Review the Loss of Use section and see what your current limit is.
Ask yourself: “If I had to move out for 3–6 months, would this be enough?”
Talk to your insurance advisor about increasing your limits or adjusting your personal property coverage to boost your Loss of Use protection.
📣 Final Thoughts
Loss of Use coverage can easily be overlooked—until it’s urgently needed. By reviewing your current condo policy now, you can avoid costly surprises later and ensure your family is protected in the event of a major loss.
Need help reviewing your HO6 coverage or adjusting your policy? Give us a call at 617-298-0655. The Vargas & Vargas Insurance team is here to walk you through it, answer your questions, and make sure you have the right protection in place.
And Why Do Zillow, the Assessor, and My Insurance Company All Say Something Different?
What would it cost to rebuild your home if it were destroyed tomorrow?
Why does your insurance company ignore Zillow, Redfin, or your tax assessment?
💡 Here’s the truth: your homeowners insurance isn’t about what your home could sell for—it’s about what it would cost to rebuild it today.
📘 In this article, we’ll break down:
Why insurance companies use replacement cost (not market value)
Why Zillow and tax assessments aren’t accurate for insurance purposes
How to make sure your policy keeps up with inflation and construction costs
Why Your Insurance Value Doesn’t Match Zillow 🏡
Many homeowners are shocked when their insurance value is lower—or sometimes higher—than what they see online or on their property tax statement. Here’s why that happens.
Insurance Companies Use Replacement Cost, Not Market Value 🛠️
Your insurance policy is based on what it would cost to rebuild your home—not what you paid for it or what it would sell for. Market value includes a lot of variables that don’t apply to rebuilding, like:
Location desirability (schools, crime, views)
Land value (which isn’t covered by insurance)
Housing demand, interest rates, and local market trends
These factors don’t affect the cost of construction materials or labor, which is why replacement cost is more accurate for protecting your investment.
What’s With All These Different Home Values? 🧮
When researching your home’s value, you might come across three very different numbers:
🏷️ Market Value
What someone would pay for your home today—driven by supply, demand, and location.
💻 Zillow or Redfin Estimate
An algorithm-based guess using recent sales, not rebuilding costs.
🏛️ County Assessor’s Value
A government estimate used for property taxes—often lower than market value and irrelevant for insurance.
⚠️ None of these reflect what it would cost to rebuild your home after a disaster.
How Insurance Companies Actually Calculate Your Coverage (Coverage A) 📋
Look at your policy’s “Coverage A” line. That’s your rebuild estimate, not your home’s sale price.
Insurance carriers use advanced software called a Replacement Cost Estimator (RCE). Here’s what it factors in:
Total square footage (above ground and basement)
Construction style (ranch, colonial, two-story, etc.)
Age of the home (older = pricier to rebuild)
Interior features (flooring, countertops, ceilings)
Custom upgrades (windows, roofing, layouts)
Local material and labor costs
🛑 This number should reflect today’s rebuilding costs—not what your home sold for five years ago.
Rebuilding Costs Change Fast—Is Your Policy Keeping Up? 📈
Several economic and environmental factors can impact rebuilding costs, including:
🌪️ Natural disasters (wildfires, hurricanes) = labor & material shortages
💵 Inflation = rising cost of building materials year-over-year
If your insurance hasn’t adjusted for these changes, you could be underinsured.
When Insurance Value Is Higher or Lower Than Market Value 🔍
When Insurance Value Is Lower: This often happens in areas with high real estate prices. That’s because land isn’t insured, and location-based premiums don’t affect rebuild cost.
When Insurance Value Is Higher: Some homes are costly to rebuild even if they wouldn’t sell for much. This is common when:
The home is custom-built or historic 🏚️
You live in a rural area with fewer construction resources 🚧
Local building codes require expensive updates ⚙️
Why Zillow & County Assessors Don’t Help with Insurance 📉
🧠 Zillow and Real Estate Sites
Designed to estimate sale price, not reconstruction
Use algorithms and comparative sales data
Ignore current material and labor costs
🏛️ County Assessor’s Office
Calculates value for property tax purposes
Often separates land and building values
Typically understates real market value
Neither source helps determine what you need for adequate insurance coverage.
3 Steps to Make Sure You Have the Right Coverage ✅
1. Monitor Local Construction Costs 🏗️
Keep tabs on what builders are charging in your area. After major disasters, prices can spike.
2. Ask About Inflation Guard Endorsements 📑
Many policies include this by default—but not all. Make sure your coverage automatically adjusts over time.
3. Review Your Policy Every Year 🔁
Especially after:
Home upgrades (kitchens, additions, roofing)
Changes to local building codes
Major economic shifts
🗣️ Not sure what Coverage A should be? Speak with an independent insurance agent.
Final Thoughts: Make Sure You’re Covered When It Counts 🛡️
After reading this, you now know: Zillow, tax assessments, and market values don’t reflect what it would cost to rebuild your home. That’s why replacement cost is the only number that matters for insurance.
🧭 Next Steps:
Review your homeowners policy
Check if your Coverage A reflects current building costs
Talk to your insurance advisor to ensure you’re not underinsured
Need Help Reviewing Your Policy?
At Vargas & Vargas Insurance, we shop many financially strong insurance carriers—local and national—to make sure your policy reflects today’s real-world rebuilding costs.
📞 Schedule a free coverage review today and get peace of mind knowing your home is truly protected.
💡 How much does it cost to protect your home from a rare earthquake in New England?
Have you ever felt the ground move beneath your feet and wondered, “Is my insurance ready for this?” This morning, that question got real for many across Boston, MA, and the surrounding area as a rare earthquake rattled the region. 😳
What does today’s earthquake mean for your safety—and your insurance coverage? In this article, we’ll break down why the Northeast isn’t immune to seismic events, how often they occur, and what you need to know about protecting your home—including how much it costs to add earthquake coverage to your existing policy.
Let’s explore what just happened, what it really means, and what Vargas & Vargas Insurance 🛡️ recommends you do next.
📉 Earthquake Hits Near Boston—What We Know
Residents across Boston and surrounding communities were jolted awake this morning by an earthquake measuring 3.8 in magnitude, centered near York Harbor on the New Hampshire-Maine border. Although no significant damage was reported, this serves as a major reminder 💥 that even low-risk areas can shake things up.
🕰️ Not the First Time: History of Northeastern Earthquakes
Yes, earthquakes do happen in the Northeast. Here’s a brief history:
These aren’t just historical footnotes—they’re warning signs. 🚨
🧭 Why Do Earthquakes Happen in the Northeast?
Even though we’re far from major fault lines, here’s why quakes occur here:
🔹 Ancient Faults – Dormant but still active 🔹 Gravitational Slip – Shifts due to rock weight 🔹 Reactivated Faults – Old stress points reawakened by distant tectonic activity
📊 How Often Do Earthquakes Occur in the Northeast?
Earthquakes are 100x less frequent than in California
A damaging quake happens every 200–300 years
Over 40+ quakes above 3.0 magnitude have occurred near New Jersey since 1950
Not frequent—but not unheard of either. 🧠
🏠 Earthquake Insurance in Massachusetts: Are You Covered?
Your standard homeowners policy doesn’t cover earthquakes. You’ll need a rider or separate policy.
💸 Average cost of an earthquake rider in MA: $75–$300/year ✅ Vargas & Vargas Insurance helps homeowners decide if it’s the right move.
Don’t assume you’re covered—check your policy. 📄
🚨 What to Do During an Earthquake
1️⃣ Drop, Cover, and Hold On
🤲 Get low 🛋️ Take cover under sturdy furniture ✊ Stay in place until the shaking stops
2️⃣ Stay Indoors
🚪 Avoid exits 🪞 Stay away from windows and mirrors 🛑 Don’t use elevators
3️⃣ Outside?
🏞️ Get to an open space 🌳 Avoid trees, power lines, and buildings
4️⃣ In a Car?
🚗 Pull over safely 🔒 Stay buckled inside
🧱 Why Earthquake Preparedness Matters in New England
⚠️ Loose Building Codes – Older structures are especially vulnerable 🌐 Longer Wave Travel – Seismic waves go farther here ⏱️ Aftershocks – Can follow the initial quake and cause more damage
❓ Earthquake FAQs in Massachusetts
Q: Could a big quake hit Massachusetts? A: It’s rare, but it could happen—about every 200–300 years.
Q: Why if we’re not near a tectonic plate? A: Old fault lines and geological stress.
Q: Are building codes strict enough? A: No—especially in older buildings.
Q: Should I get earthquake insurance? A: Possibly. Vargas & Vargas Insurance can help you evaluate the risk. 🤝
✅ Conclusion: Should You Add Earthquake Coverage?
At the end of the day, just because earthquakes are rare in Massachusetts doesn’t mean they’re impossible. This morning’s quake was your wake-up call. ⏰
Vargas & Vargas Insurance is here to help you navigate your options, understand your risk, and protect what matters most. 🏡
➡️ Ready to talk about adding earthquake coverage? Click below to connect with a licensed Vargas & Vargas Insurance agent and review your current policy. Don’t wait for the next shake-up. Protect your home today.
Is owning a rental property as easy and profitable as it sounds?
Or could rushing in without a plan end up costing you far more than you expected?
In this article, you’ll learn the top 5 most costly mistakes landlords make—and how to avoid each one with smarter, proactive steps.
From skipping inspections to using the wrong insurance policy, we’ll cover what not to do and give you actionable advice you can trust—based on years of experience insuring rental properties for everyday landlords like you.
1. Skipping Due Diligence Before Buying
Buying a rental property without fully understanding its condition is the single most expensive mistake new landlords make.
Many rush in, thinking a cheap purchase equals big profits. But the low price often signals serious issues—aging infrastructure, mold, outdated wiring, or uninsurable conditions. You might get stuck with a money pit that no insurer wants to touch.
✅ What to do instead:
Always hire a trusted third-party home inspector.
Ensure the roof, plumbing, electrical, and HVAC are up to code.
Test for mold and document it.
Understand the cost to bring everything up to livable standards before signing a contract.
If the numbers don’t make sense after your inspection, walk away. It’s better to pass than inherit a liability.
2. Not Having a Written Lease (and Legal Support)
A verbal agreement is not a rental agreement.
You can’t enforce “you break it, you buy it” without a legally binding lease. And you certainly can’t protect yourself in court if your terms aren’t written clearly and professionally.
✅ What to do instead:
Pay a lawyer to create or review your lease agreement. It’s worth the upfront investment.
Stick to 12-month leases minimum.
Make sure the tenant understands the lease—not just signs it.
Clear contracts show you’re serious and help reduce conflict later.
3. Failing to Screen Tenants Properly
Desperate landlords put in the first person with a pulse and a paycheck. That’s risky.
Skipping background checks or credit reports can leave you with unpaid rent, property damage, or worse—legal trouble.
✅ What to do instead:
Run a credit and criminal background check.
Be cautious about allowing smoking or pets—these are common sources of damage and liability.
Require renters insurance (an HO-4 policy) and have tenants provide a copy for your records. This ensures they’re covered for personal property and liability, reducing your risk.
Yes, it takes a few extra days to screen, but it can save you thousands in the long run.
4. Using the Wrong Type of Insurance
Regular homeowners insurance won’t cover rental properties—and that’s a problem you won’t discover until a claim is denied.
You need a specific type of policy designed for non-owner-occupied homes.
✅ What to do instead:
Get a Dwelling Fire or Landlord policy.
Notify your insurer if the home will be vacant for 30+ days—coverage can lapse without notice.
Avoid insuring properties that insurers are hesitant to cover (e.g., neglected, high-risk, or low-income rentals without updates).
Consider adding a personal liability umbrella policy that extends coverage above and beyond the liability limits of your landlord policy. This added layer of protection can be invaluable if you’re ever involved in a serious liability claim.
The right policy gives you peace of mind. The wrong one can leave you bankrupt.
5. Losing Track of the Property Over Time
Out of sight should never mean out of mind when it comes to your rental.
Some landlords don’t even know the age of the roof or what the house is made of. Others haven’t set foot inside since purchase. That’s a recipe for expensive surprises.
✅ What to do instead:
Track all updates and repairs in a shared folder or spreadsheet.
Physically visit or drive by the property every 3–6 months.
Keep it maintained like it’s your primary residence—it is an investment, after all.
You don’t need to micromanage, but you do need to manage.
Conclusion: Past, Present, and Future
In the past, you may have believed owning a rental property was a passive income dream—until surprise repairs, unreliable tenants, and denied claims turned it into a nightmare. Now, you’re equipped with a clearer picture of what it takes to do it right—because you’ve seen the 5 most common and costly mistakes landlords make.
Your next step? Review your current properties with this list in hand—and fix any gaps before they cost you.
And when it comes to protecting your investment, your best bet is working with a local, independent insurance broker who understands the unique risks landlords face.
At Vargas & Vargas Insurance, our experienced team is always ready to help you find the right coverage for your property and situation. 📞 Call us at 617-298-0655 or 💬 text 617-409-0329—we’re here when you need us.
What happens if a pipe bursts in your condo and you’re the only one affected—are you covered?
What if your lender is worried about your unit’s walls, ceilings, or flooring—does your current policy account for that?
In this article, we’ll clarify exactly what your HO6 condo insurance policy covers (and doesn’t), and why understanding the limits of your condo association’s master policy could save you thousands of dollars.
By the end, you’ll know how to protect your personal property, avoid surprise repair costs, and ensure your coverage meets both your lender’s and your own needs.
What Is an HO6 Condo Insurance Policy?
An HO6 condo policy is personal insurance for condo unit owners. It’s designed to cover what your condo association’s master insurance policy doesn’t.
In most cases, your condo association’s policy only protects the structure’s exterior and shared spaces, like the roof, hallways, and lobbies. But inside your unit? That’s your responsibility—and that’s where your HO6 comes in.
Here’s what your HO6 policy typically covers:
Personal Property – Your furniture, clothing, electronics, and personal items.
Loss of Use – Pays for additional living expenses if your unit becomes uninhabitable due to a covered event (like fire or water damage).
Personal Liability – Covers you if someone is injured in your condo or if you’re sued.
Medical Payments to Others – Pays for medical expenses if a guest is injured on your property.
Legal Defense – Helps cover your costs if a liability claim turns into a lawsuit.
Why Your Lender Cares About the Inside of Your Condo
Most lenders require you to carry an HO6 policy to ensure the interior structure of your unit—like walls, ceilings, floors, and fixtures—is protected. These aren’t covered by the master policy unless damage meets specific, often high, thresholds.
So if your lender is concerned about your walls and flooring, they’re right to be. You could be underinsured and not even know it.
Where Your HOA Master Policy Stops—and You Start Paying
Here’s where things get risky: many condo associations have high deductibles on their master policies, or policies that only apply when multiple units are affected. That means damage that only affects your unit often isn’t covered.
Example: The $24,000 Mistake
Let’s say a pipe bursts in your condo, causing $24,000 in water damage. Now consider:
Your condo association has a $25,000 deductible on their master policy.
Only your unit is affected.
In this scenario, you’re responsible for the full $24,000—because the damage didn’t exceed the deductible. The master policy won’t cover it.
The Fix: Add Interior Dwelling Coverage to Your HO6 Policy
To protect yourself from situations like this, make sure your HO6 policy includes unit interior dwelling coverage—often referred to as building property coverage.
This add-on helps cover:
Damage to walls, floors, ceilings, cabinets, fixtures, and more.
Gaps left by the condo association’s master policy deductible.
In the burst pipe example, having at least $25,000 in dwelling coverage on your HO6 policy would mean you pay nothing out of pocket—your insurance would cover the full cost.
Review Your Coverage Before You Need It
Most condo owners don’t review their insurance until it’s too late. Don’t make that mistake. Here’s how to avoid costly surprises:
Step 1: Get a copy of your condo association’s master policy.
Step 2: Check the policy deductibles and look for any “per unit” language.
Step 3: Talk to your insurance agent to confirm your HO6 policy includes sufficient dwelling coverage.
Step 4: Adjust your policy limits to align with the master policy requirements.
Don’t Wait Until You Have a Claim—Protect Yourself Today
At the end of the day, we’ve all encountered confusion and frustration around what our condo insurance actually covers. This is especially true if your HOA has a high deductible or a limited master policy. Now that you’ve learned from Vargas & Vargas Insurance how to identify and fix coverage gaps, it’s time to take the next step.
Contact Vargas & Vargas Insurance today at 617-298-0655 to review your condo insurance and make sure you’re fully protected. Whether you’re a first-time condo buyer or a long-time owner, we’ll help you tailor your HO6 policy to meet your exact needs.
Don’t wait for a costly surprise. Reach out to our experienced team now and gain peace of mind.
