Vargas & Vargas Insurance

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Dorchester, MA 02124

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Surprising Things to Know about Condo Insurance from Vargas & Vargas Insurance

When it comes to owning a condo, insurance is often overlooked and can have significant implications in the event of unforeseen circumstances. Vargas & Vargas Insurance in Dorchester, MA is a reputable source for comprehensive coverage explicitly tailored for condominium owners. You may be surprised by the intricate details and nuances that can make all the difference in protecting your investment.

Surprising Things to Know About Condo Insurance

Condo insurance doesn’t just cover your personal belongings; it also includes coverage for structural elements within your unit. Many condo owners are surprised to learn that their condo association’s master policy may not cover everything, leaving them responsible for certain repairs and upgrades. Additionally, condo insurance often includes liability coverage if someone is injured in your unit. It’s also a good idea to regularly review and update your insurance coverage to ensure you are adequately protected against potential risks. Remember, being well-informed about your condo insurance can save you time, money, and stress in the long run.

Another surprising aspect of condo insurance is loss assessment coverage. This feature provides protection if the condo association levies special assessments on all unit owners for a covered loss. It helps ensure that you’re not left with unexpected expenses due to shared property damage. Understanding these details of condo insurance can help you make informed decisions and ensure comprehensive protection for your investment. At Vargas & Vargas Insurance, we can help you choose the right policy for your needs and budget.

Contact Vargas & Vargas Insurance for Condo Insurance

Vargas & Vargas Insurance are the experts in Dorchester, MA, who can help you secure condo insurance. Contact us today to start your policy! 


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Can a Condo HOA Require Proof of Condo Insurance?

If you own a condominium, you’re likely aware that your Homeowners Association enforces rules and regulations to maintain the community’s well-being. One common question that condominium owners often ask is whether a Condo HOA can require proof of condo insurance. Vargas & Vargas Insurance, which is dedicated to serving the greater Dorchester, MA area, is here to shed light on this critical matter.

HOA Regulations and Condo Insurance

Condo HOAs have a vested interest in protecting the collective investment of the condominium community. This includes ensuring that individual condo owners maintain insurance coverage for their units.

Proof of Condo Insurance

Many condo HOAs have the authority to require condo owners to provide proof of insurance coverage. They may request documentation showing that the policy meets certain minimum requirements, often stipulated in the association’s bylaws or regulations.

Reasons for Requiring Proof of Insurance

The HOA’s objective in mandating proof of condo insurance is to safeguard the community from potential financial liabilities. In the event of accidents or disasters, individual condo owners’ insurance coverage can help cover damage to their units and liabilities arising from accidents. This minimizes the risk of other condo owners being assessed special fees to cover repair or legal costs.

Condo HOAs can require proof of condo insurance as a protective measure for the community. Ensuring that each condo owner has adequate insurance coverage helps mitigate potential financial risks for the association and condo owners. If you have questions or need assistance with your condo insurance to meet your HOA’s requirements in Dorchester, MA, contact Vargas & Vargas Insurance today. We can help you navigate the insurance landscape and ensure you have the necessary coverage to protect your investment and community. Your peace of mind is our priority.

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Mistakes to Avoid When Looking for a Condo Master Policy Plus Pro-Tip

When you’re a condominium property manager, everyone comes to you with varying needs. You are responsible for everything from hiring personnel to maintenance work and repairs. This means you need to have a good master policy that is affordable and realistic for the needs of your HOA.

Unfortunately, a lot of property managers don’t do much shopping around or take the cheapest alternative regardless of coverage.

Today, let’s take a look at the mistakes you want to avoid when looking for the best master policy for your condo.

What is a Master Policy?

Insurance for condominiums is split into two distinct elements: the HO-6 policy and the master policy.

The HO-6 policy is used to cover various liability claims and personal belongings within a unit. This includes expenses that might occur if someone is unable to stay in the residence should something happen that is covered by the master policy.

A master policy is essentially one that blankets multiple properties or perhaps employees. In this case, we’re talking about one that covers all of the units within the condominium. This is often cheaper and easier to manage as each individual unit has the exact same coverage aside from the HO-6.

Things to Avoid When Shopping for a Condo Master Policy

1. Misunderstanding the Coverage

There are a few policies that you need to be aware of: bare walls, single entity, and all-inclusive. To choose the right one, you need to understand what each of these entails.

2. Not Properly Vetting

The last thing you want to do is rush through the insurance process. Don’t skimp on the vetting process and make sure you measure proposals against the market average.

3. Not Providing Accurate Details

It’s OK to use a general template when querying for proposals from insurers. Just make sure you don’t copy it word for word. Provide the right details about your property and don’t ask about things that are irrelevant.

4. Settling On the Cheapest

Sure, you want to save money on the master policy. But you shouldn’t only prioritize the price when looking at policies. Have an agent help by disclosing the HOA budget and what is available.

5. Too Many Agents or Insurers

Having too many agents helping with the process can slow it down or create a layer of confusion when looking for a master policy. It’s better to work with one agent who has access to many insurance providers than to have too many cooks stirring the pot.

6. Not Consulting HOA or Board of Directors

As a property manager, it’s your responsibility to contact the condominium board of directors and the HOA before requesting master policy quotes. For one thing, the HOA often has a firm grasp of what the community needs in terms of coverage.

7. Poor Management of the Proposal Process

Improper management of the proposal process can cost time and money for the HOA. Not to mention frustrating the unit owners. Take the time to ensure every element is addressed and don’t rush through the process.

Find the Best Master Policy for Your Condo

Just as you would with homeowners or auto insurance, it’s ideal to initially shop around and find the best master policy for your needs. And at Vargas & Vargas Insurance, we use our network of insurers to help you do just that. Contact us today to find out how we can help you get the best master policy for your condo.

Your unit owners don’t want to just settle, so why should you?

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What to Expect From Condo Insurance

What is condo insurance? Buyers may be wondering about this while searching for the right insurance plan. Similar to homeowner’s insurance, condo insurance covers scenarios of unexpected damage or losses from a condominium unit. This could include repair costs after a perilous event, repayment for lost or stolen items, or renovation costs for remodeling broken parts of the condo. 

At Vargas & Vargas Insurance, we proudly offer insurance to the condominium owners of Massachusetts. 

Buying Condo Insurance: What to Expect

Getting condo insurance is generally a good idea if you’re at risk of property damage or loss of personal belongings. Some mortgage lenders or property owners will require you to purchase condo insurance to own the condo. Either way, this type of insurance will give you peace of mind in the extreme case of a fire, a storm, or a break-in. 

At Vargas & Vargas, you can expect condo insurance to cover specific policies, such as damage to the plumbing, the HVAC system, the water pump, or broken windows or doors. While often covering storm damage situations, our insurance package also covers theft, vandalism, or impact from vehicles or aircraft.

Getting in Touch in Massachusetts

Before purchasing insurance coverage, you should check with your condo’s association policies to see what the insurance requirements are and what’s already covered by the property owners. Once you know the value of your condo, one of our agents will craft an insurance plan that covers all of your needs. While speaking to a representative, you can expect to be asked specific questions about your living situation – like belongings you own. In Massachusetts, it’s common for insurers to cover computers, entertainment systems, and expensive artwork kept inside the condo. Once you’ve purchased your coverage plan, our agent will explain how you can file an insurance claim when need be. 

Are you interested in hearing quotes? Contact Vargas & Vargas Insurance at 617-298-0655. Our team would be glad to answer any of your questions. 

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Is the FAIR Plan Home Insurance the Best Choice for Your Insurance Needs?

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 homeowners, Condominiums, and nonowner-occupied properties, also known as Dwelling policies who usually cannot otherwise get coverage elsewhere. These types of policies focus on the home itself rather than the owner.

For instance, if your home is in a location prone to various severe weather conditions or crime, you may qualify for FAIR Plan coverage. This also includes residences that have old plumbing or electrical systems, as they are more likely to have been flooded or fire damaged.

Essentially, the Fair Plan offers insurance for people who are sometimes unable to qualify for a regular type of insurance plan due to the high-risk nature of the home or high insurance premium communities.

How Do You Qualify for FAIR Plan Insurance?

The qualifications for FAIR home insurance vary from state to state. Nonetheless, a lot of plans follow several eligibility requirements across the board.

Still, you may want to look into the specific requirements for your area or call us to help you.

In any case, having a “high-risk” home doesn’t automatically qualify you for FAIR Plan coverage. And in most cases, you may need to make improvements to your property before coverage is allowed.

For example, repairing prior damage or making sure that your home has no safety hazards.

What is Covered By FAIR Plan Insurance?

FAIR Plan home insurance policies provide the same coverage that traditional plans do. The FAIR Plan provides you coverage when you most need it.

The FAIR Plan will cover damages from fires, vandalism, windstorms, and other severe weather. This includes the contents of the home in some instances.

When it comes to liability, some FAIR Plan home insurance plans provide a cushion of up to $500,000 for personal protection. This includes up to $5,000 if your property injures a third party.

What are the Best Home Insurance Plans in Massachusetts?

FAIR Plan home insurance gives you peace of mind knowing you have a policy that can cover you. Regardless of your situation, there are coverage options available.

At Vargas & Vargas insurance, we specialize in all forms of insurance, including high-risk properties, homes that have outdated wiring, and various dog breeds I mentioned earlier. Contact us today and find out how we can help you get home insurance for your house or condo or investment property.

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I’m Going On Vacation, How Do I Keep My Condo Safe While I’m Away?

As summer vacation approaches, many people enjoy time away from their busy schedules and responsibilities. While relaxing on a beach or touring Europe is exciting, there are some risks associated with being away from home that many people don’t consider until they arrive at their destination.

Leaving your Dorchester, MA condo unattended for even a short period can significantly impact your life and the lives of those around you. Whether visiting a friend or traveling across the country, Vargas & Vargas Insurance is here to help you understand the risks of leaving your condo behind and what you can do to protect your property.

Simple Steps To Protect Your Condo:

  1. Lock the door. It seems like a no-brainer, but you’d be surprised how many people forget to lock their doors. Furthermore, use a deadbolt with a strike plate to make it harder for intruders to break in. Also, lock your windows.
  2. Unplug your electronics. Avoid a potential fire hazard by unplugging your TV, kitchen appliances, and other electronic devices.
  3. Don’t tell everyone you’re leaving. A lot of the time, potential thieves will use social media to find out the details of your travel plans. Please don’t make it easy for them. Tell your friends and family directly, if need be.
  4. Hide your valuables. Don’t leave your valuables in plain sight if you’re on vacation. Store them in a safe place or leave them with a friend or family member.
  5. Be careful with your mail. If you’re going away for a long time, ask someone you trust to check your mail. Letting your mail pile up is a massive sign to burglars that you’re not around.

Even when you take the proper precautions, it’s still possible that you’ll be a victim of a crime or some disastrous event. Contact  Vargas & Vargas Insurance can you make sure that you have the right insurance coverage at the right price, Contact us today 

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Insurance Check-Up

Insurance Check-Up

Life Changes and it’s Time for an Insurance Checkup

Having insurance policies is vital to gain great security and protection from unexpected problems. Ensuring everything in your life at an early stage is also a great idea.

While getting yourself and your house, vehicle, and assets insured is vital, you also need an insurance checkup to review your policies yearly. This allows you to ensure that the insurance coverage will be of help to you when your circumstances and lifestyle change. But if your insurance doesn’t cover you as it should, you need to make some changes to the policies or, even purchase new policies to cover your changing needs.

Here are some reasons why you need to opt for an insurance checkup.

Change in Family Status

Are you planning to get married or expect a baby? It would help protect your growing family by purchasing the right insurance plan. Insurance checkups will allow you to ensure whether the coverage is enough to support your entire family when you are not around. The loss of a family member through disability and death is also the right time for an insurance plan review.

Remodeling or Moving Your House

If you plan to remodel your house, your house value will surely increase. Similarly, if you move from the house, you might own a property with a higher value than the one you have before. Since your assets have increased, you need an insurance plan that covers these assets.

Retirement Time

When you decide to retire, you need something to rely on for your future expenses, especially final expenses, it’s vital to choose the right insurance plans to protect you properly. It would also be helpful if you had the proper insurance that will pay for your funeral, medical care, and debts.

Chance in Assets Value

Many people insure their jewelry and other assets to get the money if they get damaged or lost. But they forget the fact that these valuable assets increase over time. By keeping the coverage updated regularly for these valuable assets, you are protected in the event you lose them or they are stolen.


Many insurance companies offer discounts on different insurance plans. This way, you can purchase the right insurance plans at much lower prices. So, if you have not received your discounts, it’s time to have an insurance checkup.

Bottom Line

Whether it’s life, house, vehicle, or assets insurance, insurance is not something that you purchase and forget. You need to always look for ways to lower your premiums and avail optimal benefits from your policy. For this purpose, you need to opt for an insurance checkup.

Missing Coverage

If you have any assets at all, an umbrella policy is a valuable protection. Home insurance and car insurance policies have liability limits that are often not high enough to protect you adequately. If you are found to be at fault beyond your liability limits, you may be required to pay the remainder of the money out of pocket. It could take all of your savings and assets and even your future assets to make that payment.

This will help you look for flaws in your insurance and allow you to get the features that you don’t have. Not only this but practicing this method can help you lower your premiums and get interesting discounts and offer. So, if you currently have any insurance, consider reviewing it.

At Vargas & Vargas Insurance, our clients enjoy customized insurance coverage to match their unique needs at incredibly affordable prices. Contact us today for a free insurance review or quote.

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Everything You Need to Know About a Condominium Master Policy

condo owner opening her door and smiling
Shot of a happy female opening front door of her home with a smile

A condominium master policy is an insurance policy that the condominium association purchases, and the unit owners routinely share the cost. It is a policy that protects the ground of a unit, the common areas, and the unit owner’s personal belongings. The policy also offers liability protection in case there is an accident within the unit’s walls. 

A condominium master policy has effects on both the condominium association and the condominium unit owners. The coverage of the condominium master policy, however, is dedicated to the master deed of the association.

Like other insurance policies, policyholders can decide on the three main plans depending on their preferred coverage:

1. Bare Walls-In Coverage

Bare walls-in coverage is the plan with the smallest area of coverage. It covers the physical or actual structure of the condominium. This includes the materials used to construct and erect the building. But bare walls-in coverage does not cover anything inside the unit. So it becomes the responsibility of each unit’s owner to seek additional coverage.

2. Single Entity

This plan covers everything listed on the bare walls-in coverage and some types of built-in property, such as fixtures and finishes. These fixtures and finishes must be original to the unit and not anything that the unit owner added.

3. All-In Coverage

This policy covers all the elements listed above. It also includes all the fixtures and structural elements associated with each unit, including in-built appliances and upgrades by the unit owner.

Advantages of organizing a master condominium plan are that:

  • It makes it easy for the developer to sell or separately finance different portions of the premises.
  • It makes it easier for sub-residential condominium owners to get mortgage financing.
  • Residential condominium developers have control over portions of residential sub-condominiums for longer than the period outlined in the Georgia Condominium Act. The developer will have control over the master condominium association, which maintains all the building structures.

Vargas & Vargas Insurance is one of the premier local independent insurance agencies. We work for our clients and not the insurance company. Our team will customize your insurance coverage to your specific needs at the right price, and we’re also here to answer all your insurance questions. So contact us today.

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How Does Condo Insurance Work?

Owning a condo is a great way to own your own home. It does come with a number of responsibilities, though, and one of the most important of these is to have a condo insurance policy. This policy protects you in a number of ways, and it’s never a good idea to be without it. If you need one of these policies, contact us today at Vargas & Vargas Insurance in Dorchester, MA to talk to an agent. 

Protect Your Home

When you have a condo insurance policy, it covers your condo itself. This means that it will pay for certain damages to the inside of your condo, but not the outside. The condo board owns the outside and will insure that area. The only exception is when a condo owner makes some type of improvement to the outside of the condo. In that case, the owner is responsible for insuring that area as well. 

Protect Your Possessions

With all or most of your belongings inside your condo, a major accident or calamity that causes damage to your belongings can be devastating. However, your condo insurance will cover those possessions. It can pay for you to get repairs and/or to replace items that were ruined beyond repair. With this coverage, you won’t have to start over with nothing. 

Protect Your Finances

Another problem that can happen in a condo is a third party having an accident there. When that happens, it is often the owner who owes the medical bills. With a condo policy, there is liability coverage included. This will pay for the medical bills so that you won’t have to. 

Condo Protection

If you own a condo, you need protection. Call us at Vargas & Vargas Insurance in Dorchester, MA to find out more about this coverage. 

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Condo Insurance Coverage Terms You Need to Know, Part Two

couple buying their first condo

Having a condo insurance policy brings peace of mind — that is, until you’ve had a claim and realize you don’t understand any of the policy’s terminology. Vargas & Vargas Insurance is committed to making sure you have all the tools you need (and a full understanding of common condo insurance coverage terms) to make the best decisions about your condo insurance coverage. Your home is important to you. Understanding your condo insurance policy is vital to making sure your home has the right protection. 

Condo Insurance Coverage Terms

Bare Walls/Single Entity/All-In Master Policies

Your condo association will have a master policy in place to cover the building itself and common areas. There are multiple types of master policies. Knowing which type of coverage your condo association master policy has will help you determine what coverage you need.

Bare Walls

This coverage covers the condo building and common areas. The master policy covers everything from the sheetrock back. But the area within the bare walls is the condo unit owner’s responsibility, including light fixtures, faucets, and everything else. This is the most common type of condo association master policy.

Single Entity Coverage

In this case, the master policy covers the unit as is when the owner moves in, including cabinets, flooring, etc. 

All-In Coverage

This rarest form of condo association master policy covers everything but your personal property, including any alterations and improvements you make after moving in. 

Dwelling Coverage

Once you’ve determined what your condo association’s master policy covers, you are responsible for the rest. Your condo insurance policy’s dwelling coverage will cover all the permanently affixed items not covered by the master policy up to the dwelling coverage limit. 

Personal Property Coverage

This includes all of your personal belongings, such as clothing, furniture, electronics, household tools, and more. It’s important to speak with your agent about items you think fall into this coverage area but may actually not. Examples might be golf carts and four-wheelers. Keeping an inventory of your personal property is important, too; you will need to itemize them in the event of a loss. 

Unit Improvements and Betterments Coverage

This coverage protects the upgrades you’ve made to your condo unit, which your condo association’s master policy might not cover. This could include upgraded flooring, cabinetry, light fixtures, or faucets. You’ve worked hard to make your condo personalized for your family. So make sure those upgrades have coverage. 

Liability Coverage

While the condo association master policy may provide some coverage for liability incidents on common property, that doesn’t release you from responsibility for liability within your residence. In a condo, your liability risk increases due to the proximity of other condo units. Liability coverage provides legal protection up to your policy limit. Most policies come with a basic amount, but you can increase it for a minimal additional premium. 

Additional Living Expense/Loss of Use

When a claim occurs, your condo may not be inhabitable for a time. This is why Additional Living Expense coverage, also known as Loss of Use coverage, is so important. This coverage will help with the cost of displacement up to the time period specified in the policy. 


An endorsement is an addition to your condo policy. You may need more coverage than allotted in your basic policy in a particular coverage area. Endorsements allow you to add that coverage. A common example is jewelry. Most policies provide a limited amount of jewelry coverage but allow more coverage through endorsements. 


An exclusion is a coverage area that is specifically not included in your policy. Your policy will have a list of exclusions. It’s imperative to review these exclusions because there are often options to provide coverage for the excluded perils separately. One example is flooding. A flood is usually an excluded peril; however, flood insurance is available as a stand-alone policy. 

Inflation Protection

The cost to repair or replace damage to your home and belongings does not stay static. So most condo insurance policies include inflation protection, which raises your coverage in small increments each renewal, as needed, to keep pace with inflation. 


A risk is the possibility of something unexpected happening. A peril is the cause of something unexpected happening. For example, the peril of a fire increases the risk of damage to personal property. Knowing what perils are covered under your policy is imperative for you to have proper protection from the risks you face as a condo unit owner.

 For more condo insurance coverage terms, see part one of Condo Insurance Terms You Need to Know. Condo insurance coverage terms can be intimidating while also being vitally important. That’s why Vargas & Vargas Insurance, a premier local independent insurance agency, is here. We will customize your insurance coverage to your specific needs at the right price and are here to answer all of your insurance questions. Contact us today.

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