Vargas & Vargas Insurance

1133 Washington St
Dorchester, MA 02124

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Technology in Flood Claims: Processing and Assistance

The integration of technology has brought about a revolutionary transformation in the realm of flood claims processing for the Dorchester, MA area. From leveraging advanced data analytics to incorporating artificial intelligence, technology plays a pivotal role in streamlining and enhancing the efficiency of the entire claims lifecycle.

Harnessing Big Data for Informed Decisions

Data analytics has emerged as a cornerstone in flood claims processing. Insurers are leveraging big data to assess and understand flood risks with unprecedented precision. Advanced analytics expedites claims processing and enables insurers to make more informed decisions, leading to a more accurate estimation of losses and improved customer service.

Enhancing Speed and Accuracy

Machine learning algorithms are transforming how flood claims are assessed. These adaptive systems learn from historical data, continuously improving their ability to assess damages accurately and swiftly. This expedites the claims process and ensures a more nuanced understanding of the evolving nature of flood-related risks.

From Drones to Satellite Imagery

Remote sensing technologies, including drones and satellite imagery, have become invaluable for assessing flood damages. Drones equipped with high-resolution cameras can capture real-time images, providing immediate insights into the extent of damages. Satellite imagery, on the other hand, enables insurers to conduct large-scale assessments efficiently.

Ensuring Immutable Records

Blockchain technology is ensuring transparency and security in flood claims documentation. Insurers and policyholders benefit from a secure and tamper-proof system by creating immutable records of claims-related information. 

Empowering Policyholders with Accessibility

Mobile apps empower policyholders by providing real-time updates and a streamlined communication channel with insurers. Policyholders can report claims, submit documentation, and more to speed up claims and contact.

How Vargas & Vargas Insurance Can Help You

At Vargas & Vargas Insurance, we can help answer questions concerning flood insurance. We serve the Dorchester, MA, area. Contact us today.  

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New Mortgage Guidelines Could Save Money On Your Flood Insurance?

If you are purchasing (or have purchased) a home in a flood zone, you need to purchase a flood insurance policy. And if your mortgage was an FHA, VA, or USDA loan, and your property is in a flood zone, in the past, you could not purchase your flood insurance from a private flood insurance company. . However, recent changes made to HUD may save you a great deal and may help you qualify for a larger mortgage.

Flood Insurance and FHA-VA and USDA Mortgages

Most standard home insurance policies will provide coverage that will help you with flooding caused by something like a burst pipe, a furnace, or hot water heater that bursts, and the water causes damage to your home. However, this does not include the damages caused by Mother Nature herself.

For example, damages caused by heavy rains, rising rivers, the melting of snow or hurricanes, or other types of flooding caused by a natural disaster aren’t often covered. At least in a standard policy.


The upside is that HUD is expanding flood insurance choices for individuals and families with FHA-insured loans. In the past, the National Flood Insurance Program was the only option for FHA-insured mortgages. As of December 21, 2022, however, private insurers are now available as an option.

This is to help keep people protected from high costs while addressing damages caused by climate change.

New Homes and Special Flood Hazard Areas Insurance

According to HUD 4000.1, if any portion of a home is in an SFHA (Special Flood Hazard Area), the home is not eligible for FHA mortgage insurance. This includes proposed or new constructs.

However, there are a few exceptions, such as the lender acquiring a FEMA Letter of Map Amendment or a Letter of Map Revision showing the property is removed from said area.

Another exception is if the lender acquires a FEMA National Flood Insurance Program Elevation Certificate. This is FEMA Form 81-31 and must be prepared by a licensed surveyor or engineer.

What About Existing Structures?

New homes are not the only properties to adhere to flood insurance requirements. Though, the terms for existing properties within an SFHA are often shorter than when building a completely new home.

A property does not qualify for the FHA-insured mortgage if:

  • it is in a Special Flood Zone Area
  • it is located in a coastal area and the National Flood Insurance Program is unavailable.
  • the home is located in SFHA Zone A.
  • it is located in Zone V.

You must maintain flood insurance coverage for the amount remaining on the mortgage or the replacement cost of the home. Whichever is lower is often the amount of the coverage.

Don’t Let Flood Insurance Soak Your Wallet

Flood insurance can be very costly, especially if you’re buying a home in a high-risk zone with an FHA loan. Luckily, private flood insurance may help you get a policy that is less expensive or provide enhanced coverage and allow you to qualify for a larger mortgage.

Thanks to the changes at HUD, you have more options available when choosing a provider.

At Vargas & Vargas Insurance, we may be able to help you save money while being in a Special Flood Hazard Area. Contact us today to see how we can help. We have access to private flood insurance markets that could save you a bundle.

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What does flood insurance consider to be a flood?

Living in, Massachusetts means that you may need to consider flood insurance. But before you decide to invest in a policy, it’s important to understand what constitutes a flood and how flood insurance can protect your home and possessions. In this post, Vargas & Vargas Insurance looks at some of the key facts about floods and flood insurance.

What is Considered a Flood? 

According to FEMA, flooding is a temporary condition where two or more acres of dry land become wholly or partially submerged in water.

In other words, if water accumulates in an area that would normally be dry, such as your lawn and driveway, it is considered flooding. It doesn’t have to be an overflowing river; even heavy rain that causes puddles on your property can count as flooding.

What Does Flood Insurance Cover? 

Flood insurance covers damage to your home caused by the rising waters associated with flooding. This includes physical damage to the structure itself (walls, floors, roofing), any items contained within the structure (furniture, electronics), and any appliances that are connected to the house (such as HVAC systems). It also covers items outside the structure, like decks and fences. Additionally, it will cover cleanup costs associated with restoring your property after it has been flooded.

Now that you know what constitutes a flood—and what is covered by flood insurance—you can make an informed decision about whether purchasing flood insurance makes sense for you and your family. To find out more information about getting coverage in Dorchester, MA, contact Vargas & Vargas Insurance today! We’ll help you get the right policy for your needs so you can rest easy knowing that your home is protected against floods!

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Insurance Coverage: What Happens During a Flood?

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.
  • Sump pump flooding.

However, your policy might include coverage in the event of damages from broken pipes inside the home, flooding from a bad water heater, or if a fire was the result of various types of water damage.

Generally speaking, a “flood” is considered any excess water on the property that is normally dry. If a sewage backup is caused by flooding, and you have a sewer backup endorsement on your policy, that is covered by insurance.

Of course, you review your policy with your local independent insurance agent or review your policy.

What Affects Flood Coverage Policy Costs?

Like any other type of insurance, the costs of flood coverage depend on a wide range of factors. This is why people will often pay different premiums even though they live in the same city.

Some of them include:

Risk of Flooding
If your home is in a location that is prone to floods, your policy could increase.

Your Deductible
A higher deductible of the coverage will reduce your monthly premiums.

Property Location
The neighborhood of your home could affect the cost aside from the flood risk.

Age of the Property
As older homes are more prone to needing repairs, their age could increase the cost of a flood policy.

Itemized Schedules
Not everything is covered in the home through flood insurance. Valuables such as jewelry and antiques may need to be scheduled separately.

How to Get Coverage in Case of a Flood

If flooding is a concern, you need to contact your insurance agent to buy a new policy. You can also renew an existing policy to include flood coverage.

The average premium in the United States is around $750. But this can be higher or lower depending on where you live. This is especially true if you live in a location that is prone to some kind of flooding.

At its average cost, flood coverage is only an extra $62.50 per month. Considering the sheer amount of damage water can do to a home, this is not that bad of an expense to protect your family and property.

Water Damage Can Be Devastating

The important thing is to have the flooding repaired immediately. Even the slightest trickle within the walls can result in mold growth, extreme drywall damage, and compromise the framework of your home.

At Vargas & Vargas Insurance, we can help ensure that your policy includes covering floods and other types of water damage. If this is a concern for you, contact us today to see how we can help.

You don’t have to face water damage and flooding on your own if you have proper coverage.

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Who Should Get Flood Insurance?

For everyone who owns a home, it’s important to give it all the protection it needs against a wide range of risks. Home insurance protects against many threats but doesn’t offer any protection against flooding. Floods are an expensive type of disaster that can cause enormous damage. Flood insurance can help pay for the damage done after a flood, which may even require rebuilding the house. If you don’t have flood insurance, give us a call today at Vargas & Vargas Insurance in Dorchester, MA.

Everyone Needs Flood Insurance

There are high-risk areas for flooding and areas with little risk of it. Many homeowners don’t consider getting a flood insurance policy unless they live in a high-risk area. And while it’s essential to have this insurance if you’re in a high-risk area, it’s also essential if you aren’t in one of these areas. About 20% of the claims for floods originate from areas not at high risk for flooding. For people who don’t have flood insurance and experience flooding, it can mean significant damage to their homes. The National Flood Insurance Program recommends that all homeowners get this insurance to protect themselves. 

The Backing of Flood Insurance

Flood insurance is sponsored and backed by the National Flood Insurance Program. This program ensures government backing for these policies and sets the price of this insurance. This means you don’t have to shop around or hope you got the best price, as it costs the same everywhere. 

Get Your Flood Insurance Policy

Getting flood insurance is important whether you are in a high-risk or low-risk flood zone. To get this insurance protection, give us a call at Vargas & Vargas Insurance in Dorchester, MA.


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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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How Flood Insurance Works, How Much Does It Cost, and How It Protects the Homeowner

How Flood Insurance Works and Costs

Many homeowners in Massachusetts don’t know that their standard insurance policies don’t cover flood damage. Flood insurance is a separate policy designed to protect and compensate property owners for physical damage caused to a property’s structure and personal belongings.

In this post, we’ll share how flood insurance works and how it protects the homeowner. Using this information, you can determine if you need flood insurance and learn where to get it.

What Flood Insurance Covers

Depending on your policy, flood insurance coverage can pay up to $250,000 for structural damage and $100,000 for personal possessions. Filing a flood insurance claim is no different from filing a regular claim on your homeowners or car insurance. Following your claim application, an insurance adjuster will survey the damage, after which you’ll have to submit a “proof of loss” form, which contains every damaged item within 60 days.

Here’s a breakdown of the coverage:

Structural Damage

Flood insurance provides replacement cost coverage for primary residence and actual cash value coverage for vacation homes. A standard policy pays for structural damage to a building’s foundation, cracks or bulging in walls and ceilings, damp floors, roof, etc. Some policies can also cover damage caused to plumbing, heating and cooling, and electrical systems.

Personal Property Damage

Apart from structural damage, flood insurance also covers damage to furniture, window treatment (curtains, drapes), electronic appliances, art, and other valuables. However, in this case, coverage is offered on an actual cash value basis only, meaning insurers will take depreciation into account.

What Flood Insurance Doesn’t Cover

The following is a list of items not covered by a flood insurance policy:

  • Mold damage
  • Currency, precious metal, and documents
  • Outdoor property like gardens, decks, patios, sewage systems, pools, etc.
  • Temporary accommodation in extreme flood cases
  • Vehicles

How Much Does Flood Insurance Cost in Massachusetts?

The cost of flood insurance premiums in Massachusetts varies according to your city and your property’s location. The rule of thumb is, the closer your property is to a high-risk flood zone, the higher the premium. On average, residents in the Bay State who are in a preferred flood zone will pay around $550 per year, but someone who is in a federal flood zone will pay an average $1,300 per year for about $250,000 in coverage.

How to Get Flood Insurance

Now that you know how flood insurance works and what it covers, the next step is to purchase a policy. The Federal Government provides flood insurance through the National Flood Insurance Program (NFIP), run by the Federal Emergency Management Agency (FEMA). However, they do not sell insurance policies directly but through private insurance companies. A local insurance agent or company in Massachusetts can help you purchase a policy from the NFIP. Once approved, it takes around 30 days before the policy goes into effect unless you purchase flood insurance while taking out a mortgage.

Protect Your Property with Vargas & Vargas Insurance

At Vargas & Vargas Insurance, we offer top-rated insurance services that will help you keep your property safe and protected from a flood. All our clients enjoy customized insurance coverage to match their unique needs, and we offer affordable prices. Contact us today for a free quote.

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Does My Home Insurance Cover a Flooded Basement?

Happy homeowner with coverage in the event of a flooded basement

Your home is a haven for you and your family. When floods happen, the last thing you want to hear is that your flooded basement isn’t covered. At such a time, safety and getting help are your priorities. 

What many homeowners do not know is that having a home insurance policy is crucial. On the other hand, even those with home insurance aren’t always aware if it covers flooding and to what extent they will be compensated in case of such an event.

To understand how insurance works and know if your policy covers flooding, our professionals at Vargas & Vargas Insurance are on standby to simplify the process for you. We listen, advise, and guide you in making an informed choice.

What Is Flood Insurance, and Do Insurers Provide a Flood Policy Cover?

Flood insurance is any policy that covers your home, electronics, and other important belongings from losses occasioned by flooding. Generally, it comes as a separate cover due to the high risk involved. But it may vary from company to company. 

New developments in the mortgage industry within Massachusetts require lenders to ask for flood insurance, and several insurers have developed appropriate packages for homeowners. These new developments point to a higher risk of flooding, and the lenders want to protect their investments. On the other hand, taking the cover as a homeowner puts you at ease if flooding happens.

Why Flood Insurance Is Necessary

Generally, home insurance covers you from any damage that may occur. The different policies have several aspects that detail what is covered and to what extent. Flood insurance is a specific home insurance cover that will cover you when flooding happens, including if you have a flooded basement.

To choose the ideal policy, it is a good practice to seek help. Work with a trusted agent who will help you go through the policies, terms, and conditions, among other things. This will help you determine if the insurer and their package fit you or if your home is covered in case of flooding. 

Parting Shot

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

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Homeowner’s Guide to Lender-Required Flood Insurance in Massachusetts

couple looking out the window at the rain while having flood insurance in Massachusetts

Many residents in Massachusetts don’t realize that flood insurance can help protect them from financial devastation in cases of floods. Flooding can quickly cause over $100,000 worth of damage to your home. However, if you have flood insurance in Massachusetts, you can receive reimbursement for your losses minus your deductible amount.

If you’re wondering how flood insurance works or if it’s something you should consider for your home, keep reading.

How Flood Insurance Works

The National Flood Insurance Program (NFIP) and some private insurance companies issue flood insurance. Private insurance companies offer lower premiums as compared to government affiliates. These insurance policies are available for Massachusetts residents living in designated flood areas.

This insurance plan offers policies for losses sustained by floods in homes and businesses. Flood insurance policies typically have waiting periods before coverage takes effect. However, once you subscribe to their policies, you are assured compensation in cases of floods.

Why Do Lenders Require Flood Insurance?

One of the most significant risks you can take is buying a house in a flood-prone area. Because of this, many lenders require applicants to purchase a basic flood policy. They will also evaluate your property’s situation based on the history of flooding, how the structure stands, and the risks inherent in living in floodwaters.

What You Need to Know About Flood Insurance in Massachusetts

If your home is in a high-risk area, purchasing a policy could pay off. You may reduce or eliminate your premium by switching to a cheaper policy with lower premiums. In addition, insurance provides a mechanism for immediate financial help if flooding destroys your family’s home.

It prevents you from being held responsible for paying more than necessary to repair or replace your damaged property. Get the best quote on flood insurance from Vargas and Vargas Insurance. Even if you are not in a federal flood zone, you can purchase flood insurance at a better-priced premium. This will ensure that you don’t receive charges for more than what it costs to maintain the policy.

Final Thoughts on Flood Insurance in Massachusetts

The U.S. government has placed a flood zone designation on over two million homes in the country. This also applies in states like Massachusetts. If you’re looking for flood insurance, Vargas & Vargas Insurance is the right place. We will help you find the best policy for your needs and answer all your questions about the coverage. Contact us today.

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Risks of Flood Damage

Floods can occur anywhere, affecting properties in Dorchester, MA. Common causes of floods include flash floods and seasonal storms, which can occur anywhere in the world at any time. According to the Federal Emergency Management Agency (FEMA), floods are commonly involved in 90 percent of all natural disasters in the country. 

Continue reading to learn about the risks of flooding. Then, for more information about flooding and how to protect your property, call the experts at Vargas & Vargas Insurance today. 

Flood Risk Information

When moving to a new area, learn as much as possible about flood risks in the immediate area. Your mortgage lender, local officials, and an insurance agent may have information about the area’s vulnerability to flooding. Additionally, the National Flood Insurance Program (NFIP) can provide information about local flood risks. 

Lack of Coverage

Not all homeowners insurance policies cover all types of flood damage. Therefore, additional flood insurance policies must be purchased to ensure coverage in the event of a flood associated with a natural disaster or weather event. Not having enough coverage can leave you paying for the repair and replacement costs out of pocket. 

Buying Flood Insurance

Purchasing flood insurance is easy and can be purchased directly from an insurance professional. However, there is a 30-day waiting period before the flood insurance policy takes effect. Because of the waiting period, if you live in an area prone to flooding, do not wait to purchase your policy. 

No Flood Insurance Coverage

If there is a flood, and you do not have flood insurance coverage, your assets are not fully protected against damages and loss. In addition, not having insurance coverage could lead to paying hefty bills associated with repairing and replacing property and personal items. 

Floods can strike at any time, anywhere. Those in Dorchester, MA should not hesitate to ensure they are covered in the event of a flood. Call Vargas & Vargas Insurance today to discuss flood insurance options and get yourself covered today. 

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