Insurance Coverages

Insurance Coverages 2017-10-18T09:11:52+00:00

Homeowners Insurance

A homeowner’s insurance policy is a package policy. The policy provides financial protection for your home and personal belongings, and it covers your legal responsibility for any injury or property damage that is caused by you and members of your household.

Damage caused by most disasters is covered, but there are exceptions. Flood and Earthquake are not part of a standard Homeowner policy. Earthquake coverage may be added by endorsement. Flood coverage can be purchased on a separate policy.

Additional coverage may either be included in your policy, or available for a separate price. It is important to discuss your options with an independent insurance agent who can make recommendations depending on your specific needs.

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Automobile Insurance

Adequately insuring your car is an essential means of protecting your vehicle from damage and theft. More importantly, it is a means of extending this protection to yourself, your family, and your passengers.

Auto insurance rates are no longer set by the Insurance commissioner. Each carrier has their own rates, special endorsements, and enhancements.
It is important to work with an experienced insurance professional to make sure that you are getting the proper coverage, as well as to be sure you are correctly comparing premiums. Car insurance can be confusing, and with so many options, an independent insurance agent can help ensure that you understand what you are purchasing.

Grouping your home owners insurance with your auto insurance can provide a substantial savings. It is key to look at all your insurance needs as a whole, to ensure you are getting the best total package for your specific needs.

The Massachusetts Auto Policy has twelve basic parts:

  1. Bodily Injury to Others protects you against legal liability for the accidental injury or death of others caused by the operation of your car, but only if the accident happens in Massachusetts. This is a compulsory coverage. You will be covered up to a basic limit of $20,000 per person and $40,000 per accident.
  2. Personal Injury Protection (PIP) pays up to $8,000 for medical expenses, replacement services, and 75% of any lost wages. PIP will pay these expenses to your or anyone you let drive your car, and anyone living in your household, passengers and pedestrians, no matter who causes the accident.
  3. Bodily Injury Caused by an Uninsured Auto protects you, anyone you let drive your car, household members and passengers against losses caused by and uninsured or unidentified driver (“hit and run”). A minimum limit of $20,000 per person and $40,000 per accident is required.
  4. Property Damage pays for damage to another person’s property when you, a household member or another authorized driver cause an accident. A minimum of $5,000 is required.
  5. Optional Bodily Injury coverage pays for damages to people injured or killed in accidents, if you or a household member is legally responsible for the accident. Unlike the Compulsory part, this coverage does provide coverage for injuries to guest occupants and for accidents occurring outside of Massachusetts.
  6. Medical Payments pays for reasonable expenses for necessary medical and funeral services to yourself and your passengers incurred as the result of an accident.
  7. Collision coverage is optional, and it provides money to repair your vehicle no matter whose fault the accident is. Your deductible will be applied, if you are found at fault. This coverage is required by most banks, if you have a loan on your car.
  8. Limited Collision coverage is a less expensive alternative to Collision. This coverage pays in some situations for accidental damages to your auto caused by a collision. Coverage is only provided for multiple car accidents in which the driver was no more than 50% at fault. The other driver must be known and identified.
  9. Comprehensive coverage provides protection against fire, theft, vandalism, malicious mischief and glass. Although comprehensive coverage does come with a deductible, there is no deductible on glass.
  10. Substitute Transportation coverage reimburses you, up to the limits shown on the declaration page, in certain situations if your auto was in a collision and is being repaired or replaced.
  11. Towing and Labor coverage pays for towing and labor costs, up to the limit shown on the declaration page, incurred each time your auto is disabled.
  12. Bodily Injury Caused By An Underinsured Auto pays for damages for bodily injury as the result of certain accidents caused by someone who does not have enough insurance.
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Financing is available.

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insurance needs for your personal auto or motorcycle
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Business Insurance

Businesses will vary in type and size but the need for protection is the same for all business owners. A lawsuit may be made against a business for various kinds of negligence but there are policies available to safeguard your business and employees. A few types of these policies are

Commercial Auto
This insurance provides coverage for any vehicle that does not qualify for a Massachusetts Personal Auto Policy. This coverage would include vehicles that are registered to a corporation or an LLC.

General Liability
This insurance protects against claims of negligence which have. resulted in Bodily Injury and! or Property Damage.

Professional Liability
This insurance can protect against errors or omissions of your work which has resulted in the failure to perform as guaranteed.

Worker’s Compensation
Keep in mind that if you have any employees, the Commonwealth of Massachusetts requires you to purchase Worker’s Compensation to cover on-the-job injuries.  Sole proprietors, partnerships, and members of an LLC are not automatically included in coverage, but can elect to purchase it for themselves. Corporate officers are automatically included in coverage, but do have the option to opt out.

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Umbrella Insurance

No personal Umbrella Insurance? It could cost you a fortune!

An umbrella policy gives liability coverage above and beyond any personal policies that you have. It takes over where your homeowner’s, auto, boat, insurance coverage ends, protecting you if you are sued or found liable for causing injury to someone or their property.

Umbrella policies can provide additional coverage in increments of one million dollars and up. When you take into consideration that if you are found at fault in a law suit and held accountable for medical bills, legal defense, lost wages, and possible rehabilitation, additional coverage could mean the difference in protecting your property and future wages.

Umbrella policies are not just for the wealthy, but instead are designed for anyone who has assets that might be at risk. Umbrella policies are affordable, providing significant amount of reliable coverage. A small price to pay for peace of mind!

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Condominium Insurance

Condo associations have a “master policy” that is often funded by association fees assessed to the unit owners. This policy covers such things as common walkways, hallways, boilers, elevators, the roof and basement for physical damage and liability

A common misconception among condo owners is that this insurance, which covers their building, also completely covers them. This is not so.  A separate Unit Owner’s Policy (also known as an HO6 policy) is needed to cover personal belongings and to provide the individual unit owner with personal liability coverage.

Example:  If the unit is burglarized, damaged by fire, or a guest injures themselves inside the condo, this separate policy kicks in to protect the unit owner.

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Flood Insurance

Look up your flood zoneFloods are the number one natural hazard in the United States, occurring on coasts, mountains, along rivers, and in towns and cities of all sizes. Regardless if you live in a low, medium, or high-risk flood zone area, everyone ultimately lives in a flood zone.

Flood insurance covers direct physical loss caused by “flood.” In simple terms, a flood is an excess of water on land that is normally dry. Here’s the official definition used by National Flood Insurance Program:

A flood is “a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is your property) from:

  • Overflow of inland or tidal waters;
  • Unusual and rapid accumulation or runoff of surface waters from any source;
  • Mudflow*; or
  • Collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels that result in a flood as defined above.”

*Mudflow is defined as “A river of liquid and flowing mud on the surfaces of normally dry land areas, as when earth is carried by a current of water…”

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Motorcycle Insurance

Motorcycles evoke feelings of freedom, adventure, and a carefree way of life; but sometimes, reality can prove otherwise. Having a well-designed insurance program on your bike is the smartest way to keep your cycling the way it is supposed to be: easy and fun.

Motorcycle insurance is similar to auto insurance. At Page Insurance, we offer the knowledge to help you purchase the policy that will best protect you and your bike.  In the unfortunate event that something goes wrong — whether you are injured in a crash, or your bike is stolen — we want to make sure you are confident in knowing you are appropriately covered.  And that we’ll help you through the claims process.

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Recreational & All-Terrain Vehicle Insurance

Snowmobiling or riding all-terrain vehicles can be an exciting activity, but it is not without responsibility or risk.  A well-crafted insurance package can play a vital role in providing you with peace of mind when you are riding your snowmobile or ATV.

Coverage for snowmobiles and ATVs is very much like auto insurance, covering loss or damage to your sled or ATV due to fire, theft, or vandalism. Likewise, liability and collision coverage can be provided by this.

Those experienced with recreational riding know that there are many things that can go wrong.  As your independent insurance agent, we want to help ensure that you are financially prepared and appropriately covered, should an unfortunate event occur.

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Boat & Watercraft Insurance

Boat insurance is similar to car insurance. If you have a loan on your boat or use a marina, you will probably be required to have boat insurance. Even if you are not required to insure your boat, it is still important that you consider purchasing a boat insurance policy. Boats can be expensive and have liability risks associated with them.

Here are some of the boat insurance coverages you may want to include on your policy:

  • Liability
  • Physical damage
  • Property damage to others
  • Theft
  • Medical payments
  • Pollution coverage
  • Towing
  • Trailer coverage

Remember, every boat and boat owner is unique.  That’s why it’s so important to check with your independent insurance agent for advice. We can tailor a policy to fit your individual needs and shop multiple insurance companies to get you the best price.

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Renter’s Insurance

If you are a tenant and something should happen to the building, your contents and belongings are not covered by the landlord’s insurance; it only includes the rental building itself. Without renters coverage, you may not be able to replace stolen or damaged belongings.  Additionally, your roommate’s insurance policy won’t cover your possessions nor will your parents’ homeowners policy if you live off-campus or in an apartment building.

Renters insurance  is very affordable and provides a means of covering your belongings against loss.

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These are general policy descriptions to help you understand the different types of coverages. They do not refer to any specific contract of insurance, and they do not modify any definitions expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.