Help with buying house insurance in MA. My wife and I are buying our first house in a few weeks. We do not know much about the house insurance part?

Asked by Buyingourfirsthome2010, Peabody, MA Mon May 3, 2010

Can anyone help us out here? My wife and I are buying our first house in Peabody MA. We need to pick an insurance company for house insurance. The problem is we do not know what to ask and who we should go through and who we should stay away from.

1. Can anyone give us some advice on any part of this
2. Who should we stay away from
3. Who is the best to go with
4. What is a fair price to pay. Is the price regulated by the fed government or MA government?
5. What questions should we ask when calling?
6. Are there any good websites that show good stats on the different insurance companies?
7. Who are the big players in the house insurance world?
8. What should we make sure is covered
9. Are there deductibles

We do not want to pay a lot but then again we also want really good coverage. I know the more we pay the better coverage but maybe there is a way one can save some money?

We just do not want to make the wrong move, If anyone can help that would be great

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Michelle Gat…, , Peabody, MA
Wed Feb 16, 2011
There are a lot of great companies in Massachusetts. You should consult with family and friends for referrals. In doing so lets not forget whats really important. Cost is and costumer service!. Find out if any of of your referrals had ever put in a claim. How receptive was the company? How was the overall process and costumer service? Its nice to know that you have a company that will be there for you if needed. Congratulations on your new home! Many happy years!
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Kevin Vitali, Agent, Tewksbury, MA
Tue May 4, 2010
Ask friends and family for referrals to insurance agents in your area. A good insurance agent will walk you through the entire process and make it relatively simple for you.
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Scott A. Nel…, , 02155
Mon May 3, 2010
You should consult friends & family you trust and ask who they use. Also check with the insurer of your automobile, trade association etc. if they offer a group benefit for multiple coverages/policies. Insurance is highly regulated here in Massachusetts. You can also ask your buyers agent if you are using one or your attorney.

Things to consider/ask about:
1. Replacement coverage vs. stated value coverage
2. Flood Insurance if needed - There are some new flood maps good to check on
3. Theft & Fire
4. Coverage for workmen on your property, pet coverage if you have pets, personal title insurance (attorney question) etc.

Hope that helps,
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Betsy Woods, Agent, Beverly, MA
Mon May 3, 2010
There are many great companies for Insurance in Massachusetts. You might want to start with an insurance agent who can answer all of your questions. They deal with many insurance companies and can generally give you the best coverage that you are looking for. The average insurance policy for a single family home will cost between 800 - 1100. There are ways to save on this cost such as insuring your autos with the same company. I like to use Gerald McCarthy Insurance Agency in Salem. They are located on North St. Also, Progressive Insurance and Liberty Mutual Insurance both have interactive websites that you can use to give you an idea of what types of coverage they offer and how much it will be. They ask pertinent questions and you fill in the blanks and then they give you the type and amount of coverage you will need. One thing that is important regarding home insurance is that you want "replacement cost" coverage. Congratulations on your new home!!!!
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Heidi Zizza, Agent, Framingham, MA
Mon May 3, 2010
Call Bello Insurance in Worcester! They are a great local agency and you get real personal service
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Dan Tabit, Agent, Issaquah, WA
Mon May 3, 2010
Hi, Start by calling some of the big companies, Allstate, State Farm, Gieco and get quotes from them. They will need an address, or at lease city you'll be buying in, value of personal possessions, any special items; i.e. guns, jewelry, collectables etc.
Agents at these companies will give you a good overview and sales pitch for their company. Set some boundaries as to what you want, low, med, or high deductable.
Before you purchase a policy, speak to a local insurance broker who represents multiple companies to see if a local company may be more competitive.
I hope this helps get you started.
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