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You may still want a tenant’s Cape Cod homeowners insurance policy to cover your personal property and personal liability
INSURANCE FOR YOUR VALUABLES
Personal Property Replacement Cost coverage
Having a valuable lost, stolen, seriously damaged, or destroyed, is stressful enough.
Not being able to replace it can be devastating.
This happens more than you might think.
Many home insurance policies only pay actual cash value, which, after depreciation, can be much lower than the actual replacement cost.
Even worse if an item is alder than the depreciation table allows, you might not receive any money at all.
Ice damming occurs when melting snow runs down the surface of a roof and re-freezes.
As run-off refreezes, the ice builds up and begins to dam the subsequent run-off, causing it to pool.
Unfortunately, shingles are designed to shed water with the help of gravity and they don t perform well against the standing water. Some of the pooled water finds its way under shingles to hidden seams and fastener holes. Some of it re-freezes under the tabs and lifts the shingles, literally opening a floodgate.
Do I need a Flood Policy on Cape Cod?
When new flood maps are issued on Cape Cod, MA, your risk may have changed as well – along with your home insurance and flood insurance requirements.
However, there is usually a six- to twelve-month period between the time the new preliminary maps are issued and the time that they are implemented. This gives you adequate time to protect your Cape Cod Home and, possibly, save on flood insurance.
If your Cape Cod coastal property is mapped out of a high-risk area, your flood insurance costs will likely decrease. If you ve been mapped into a high-risk area, you will be required to purchase flood insurance if your mortgage is through a federally regulated or insured lender. However, you can save money through a process known as “grandfathering.” You can take advantage of grandfathering by obtaining a policy before the new maps take effect. You ll likely qualify for the NFIP Preferred Risk Policy (PRP), which covers buildings and their contents for as little as $119 for the first year. On renewal, you will qualify for the standard rates associated with moderate-to-low risk zones, rather than high-risk zones. To lock in the lower rate, you must purchase flood insurance before the new maps become effective – otherwise, the property will be rated using the high-risk flood zone on the new map. Learn more about grandfathering here.
Know your area. Learn your flood insurance and see when new flood maps will be available for your community.
What Is Not Covered You may be surprised to learn that most homeowner’s policies cover nearly every possible disaster or loss except those caused by floods and earthquakes. Examine your policy to see if any other coverage is needed to protect you from catastrophe. See the U.S. Federal Emergency Management Agency (FEMA) website www.floodsmart.gov for more information about the NFIP. There are other exclusions that may specifically impact you and your coverage.
Insurance is often one of those necessary-yet-avoided topics of discussion. Its importance for family continuity and individual survival is paramount, but no one wants to voluntarily think of the worst that can happen. Sometimes it does happen and local communities can suffer incredible damage from natural and man-made disasters. It is for this reason you need representation that can build a connection, share this knowledge and offer resources in a way that dissolves doom and gloom scenarios and encourages you to see the positive benefits of insurance policies.
The Arthur D. Calfee Insurance Agency, Inc. demonstrates this empathetic capacity to connect with clients specifically in its community about policies and preparing for those surprise catastrophes. The LOCAL INSURANCE agency offers home, boat/yacht, auto, disability and life insurance packages to meet the unique needs of the community.
A 2nd generation company solely family-run, the agency originated with founder Arthur from his home in 1980. He comes from a line of leaders; his name Draper originates from the Draper Family from Hopedale that was responsible for leading the industrial revolution in Massachusetts. They manufactured Looms, which distributed fabric for women internationally.
Art s vision expanded beyond his home borders and he eventually began servicing over 3,000 clients in his immediate territory. It was this single-minded dedication to serving his community that endowed him with Outstanding Citizen of Year by the Falmouth Chamber of Commerce in 1997.
The agency is now well positioned with developed relationships in the industry, enabling the family team to offer its clients more competitive policies. The list includes Arbella, Safety, Encompass, Plymouth Rock, Travelers, Universal Property, Narragansett, ASI, Scottsdale, Lloyds of London and others.
Legacy is vital in a family-run business that serves its local region, and the insurance agency s leadership principles have continued with Art s son, Davidson, as President. He is a humble recipient of the 40 Under 40 Award.
Contact Arthur D. Calfee Insurance Agency, Inc. to learn more about its services and how you may be assisted immediately.
Arthur D. Calfee Insurance Agency, Inc. is proudly serving insurance policies for your primary home, vacation home, auto, collector car, business, general liability, property, professional liability, contractor’s liability, worker’s comp, key man, whole life, term life, group or personal disability, long-term care insurance policies to patrons in the following Cape Cod, Massachusetts towns, communities and villages: Barnstable, Bourne, Brewster, Buzzards Bay, Centerville, Chatham, Cotuit, Craigville, Dennis, Eastham, Falmouth, Hatchville, Harwich, Hyannis, Hyannisport, Marstons Mills, Mashpee, Orleans, Osterville, Provincetown, Sandwich, Truro, Wellfleet, Woods Hole, Yarmouth, and Yarmouthport.
Contact us for a detailed insurance ploicy analysis of your home. auto or business .
Arthur D. Calfee Insurance Agency, Inc. is a local insurance agency proudly offering Massachusetts, Cape Cod and the Islands, the best home insurance, homeowner’s insurance, hazard insurance, investment property insurance, flood insurance, flood zone information, vacation home insurance, second home insurance, auto insurance, collector car insurance, business insurance, general liability insurance, property insurance, professional liability insurance, contractor’s liability insurance, worker’s comp insurance, key man insurance, whole life insurance, term life insurance, group or personal disability, long-term care insurance policies to patrons in the following Cape Cod, Massachusetts towns, communities and villages: Barnstable, Bourne, Pocasset, Brewster, Buzzards Bay, Centerville, Chatham, Cotuit, Craigville, Dennis, East Dennis, Eastham, Falmouth, East Falmouth, Hatchville, West Falmouth, North Falmouth, Woods Hole, Harwich, Hyannis, Hyannisport, Martha’s Vineyard, Nantucket, Marstons Mills, Mashpee, Orleans, Osterville, Provincetown, Sandwich, Sagamore, Sagamore Beach, Truro, Wellfleet, Yarmouth, and Yarmouthport.