Massachusetts has long stretches of beautiful coastal regions, but living in these areas presents some unique risks. From major storms to on-water accidents, coastal residents need to be prepared for the worst that can happen. Thankfully, there are a number of insurance products available that can help mitigate some of the risks that come with living in these regions.
Insurance companies don’t offer any one insurance product that protects against all coastal-related risks. Instead, residents who live in these regions usually must purchase multiple insurance policies that provide a web of protections.
When considering what policies to purchase, residents should work closely with a knowledgeable insurance agent who serves these regions so that they can select the most appropriate policies. A knowledgeable agent will be able to provide informed recommendations based on a resident’s specific location and risk exposure.
Living along a coast in Massachusetts presents multiple potential risks that different insurance coverages may protect against. A few insurance policies and coverages to consider include:
While nearly every insurance policy comes with policy-specific discounts, there are three general ways that coastal residents can usually save on the insurance coverages they need.
First, shopping for policies with an independent insurance agent is the easiest way to find low rates on coverages that are needed. Independent agents aren’t obligated to work with only one insurer, but they can request quotes from multiple insurance companies so that residents can identify what companies offer the lowest rates.
Second, many insurance companies offer multi-policy discounts if more than one property and casualty insurance policy is purchased through them. Because of this discount, it usually makes sense to purchase homeowners, boat and umbrella insurance from the same company.
Third, flood insurance is normally most affordable when purchased through the NFIP. If a property qualifies for this program, this is usually the best way to get flood coverage.
If you live along one of Massachusetts’ coastal regions and need help with insurance coverages, contact the independent insurance agents at Roger Keith & Sons Insurance. Our agents are well-versed in these coverages and ready to assist you.