Personal Liability Insurance: What Happens When Someone Gets Hurt on Your Property

To make the most of your Mass home insurance , you need to ensure that you aren’t paying more than you need to, and that you have adequate coverage. However, that means you need to do two things; do an accurate assessment of your assets, and look for ways to keep the costs of your premiums down.

People sometimes under insure – in other words, they under-value their assets in order to get a lower premium. This is a false economy. It may mean that, if you have to make a claim, the amount your insurance company pays may not be sufficient to replace lost items. Ask yourself if you can afford to pay to replace an item if it is lost or damaged. Unless you can answer yes, you really need insurance that is able to pay the required amount (in an accepted claim) for replacement.

Instead of running that risk (of being under-insured), you should look at positive ways to lower your premiums without compromising your coverage. For instance, do you have your auto or life insurance with a different company from your home policy? The may be discounts available if you have all of your insurance with the same company. Increasing the security of your home may also help with reductions to your premiums as it means creating a lower risk profile for losses due to burglaries.

There are other options you could explore to make sure you get the best value for your Mass home insurance. Why not call and speak to one of our experienced staff members for help with the information you need to make the best decision for financially protecting your assets?

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