You’ve purchased insurance for your auto, home, business, life, etc., ensuring comprehensive coverage. With the premiums settled, you might wonder why you should engage with your insurance representative unless there’s a specific concern. However, it’s wise to annually review your insurance coverage to understand its nuances and potential updates.
Adequate homeowners insurance is essential for rebuilding your home, replacing belongings, living expenses during displacement, and safeguarding against liability. Use these guidelines to assess necessary coverage and amounts for your protection.
Workers’ Compensation Insurance, commonly known as “Workers’ Comp,” provides vital financial support to employees who sustain work-related injuries or illnesses, covering medical expenses and compensating for lost wages during recovery periods. In Massachusetts, it’s mandatory for all organizations with employees, regardless of size or the number of employees working across state lines, ensuring comprehensive protection for the workforce.
While life insurance is personal, it’s something to discuss with your loved ones. Certainly, use your discretion and judgment, as there may be individuals you feel should not know. If you have an executor, he/she should be aware of your plans, and often, the beneficiary is informed. Your loved ones can’t be protected if they don’t know the protection exists.
Having a Home Inventory is essential for every individual in a world of unforeseen events. Break down the process into manageable steps, enlist help if needed, and utilize technology to create a comprehensive list of your possessions. This will ensure peace of mind and financial security in the face of adversity.
Your decisions, such as adding a pool to your backyard, can influence insurance pricing and availability, so staying informed is key. Some policies might have exclusions, require endorsements, or come with increased premiums due to added risks, which is important to consider when making decisions.
Losing a sentimental or expensive piece of jewelry without the means to replace it can be devastating. Unlike typical home, renter, or condo insurance policies, which often have low coverage limits for jewelry, insuring valuable items like engagement rings may require additional coverage to bridge potential gaps in protection.
Shielding your loved ones is a straightforward choice, but the dilemma often arises when deciding between term or permanent insurance. Your decision should reflect the specific goals you wish to achieve for the individuals you’re safeguarding.
Did you know? According to a survey by Apartments.com, 58% of renters don’t purchase tenant insurance, often due to misconceptions about its cost or existence. However, the average price for a policy covering $20,000 in personal property and $500,000 in personal liability is approximately only $200 a year, making it an affordable option for protecting your belongings and financial security.
With growing digital threats, businesses using email, websites, or storing customer data face cyber liability risks. Learn how Cyber Liability insurance can help protect your business from costly breaches, lawsuits, and data loss.
Murphy Insurance Agency provides insurance solutions across Massachusetts and New England. Where you live is not a barrier to our assisting you. We are proud to serve the communities where our customers live and work, including Acton, Ashland, Ayer, Bellingham, Berlin, Blackstone, Bolton, Boston, Boxborough, Boylston, Chelmsford, Clinton, Concord, Devens, Dunstable, Fitchburg, Foxborough, Framingham, Franklin, Groton, Harvard, Holliston, Hopedale, Hopkinton, Hudson, Lancaster, Leominster, Littleton, Lunenburg, Marlborough, Maynard, Medfield, Medway, Mendon, Milford, Millis, Millville, Natick, Norfolk, Northborough, Northbridge, Pepperell, Sherborn, Shirley, Shrewsbury, Southborough, Sterling, Stow, Sudbury, Townsend, Upton, Uxbridge, Wayland, Westborough, Westford, Weston, Whitinsville, Worcester, and last but not least, Wrentham.