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ROLE OF AN INSURANCE AGENT

The role of an insurance agent is to supply a comprehensive policy which will provide adequate protection in the event of a loss on your new home. It should offer coverage for your dwelling, personal property, loss of use, and liability. The amount of insurance should be equal to the replacement value of the dwelling. A bank or mortgage company cannot require insurance in excess of the dwelling replacement cost. The insurance agent can help you to calculate the replacement value of your new home.

Although provisions of the basic homeowner contract are set by the insurance commissioner, the rates are competitive. Your goal is to acquire quality protection and service at an affordable price. There are various endorsements to the basic homeowner contract to enhance the coverage, to amend limitations and to tailor the policy to suit your particular needs.

It is important that the insurance agent make you aware of these endorsements so that you make an informed decision on the structure of your policy. It is also important that you be informed of policy exclusions, some of which can be altered or amended by endorsement and some of which cannot.

Be sure you have proof of insurance on your new home with you at the time of the closing. The bank will require it in order to record the mortgage after the closing.

Your home is likely to be your largest investment you will make, therefore it is vital that you select an insurance agent of integrity and demonstrated competence.

This site provides information about Mashpee, New Seabury, and Popponesset Real Estate for sale or for rent on Cape Cod, also properties for sale or rent in Bourne, Falmouth, Woods Hole, Sandwich, Cotuit, Marstons Mills, Osterville, Centerville, Hyannis, Hyannisport, Barnstable and all areas of Cape Cod, and the South Shore of Massachusetts. This includes specialty properties such as waterfront homes, golf condo's, golf front properties, new homes, new construction, condominiums, oceanfront homes, 1st time home buyer properties, land for sale, lots for sale, vacation homes, summer homes, cape cod rentals, summer rentals, cottages, waterview, waterfront, steps to beach, luxury homes, and second homes for the discriminating buyer.

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