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What Home Buyers Need to Know About Homeowners Insurance - Weymouth, Braintree, MA

Joseph Coupal - Thursday, June 16, 2016

Home buying season is now. No sensible car owner would drive without insurance, so it figures that no homeowner should be without insurance either.

The essential idea behind various forms of insurance is to protect owners in the event of catastrophe. If something goes wrong, insurance can be the bargain of a lifetime.

What Kind of Insurance and How Much?

There are various forms of homeownership insurance, including these major types:

Home Warranties: Buyers want assurance the builder will be there to make repairs if something goes wrong after the completion of their new home. But what if the builder refuses to do the work or goes out of business? Home warranties bought from third parties by home builders are generally designed to provide several forms of protection: workmanship for the first year, mechanical problems such as plumbing and wiring for the first two years, and structural defects for up to 10 years. Home warranties for existing homes are typically one-year service agreements purchased by sellers. In the event of a covered defect or breakdown, the warranty firm will step in and make the repair or cover its cost. Insurance policies and warranties have limitations and individual programs have different levels of coverage, deductibles and costs.

Homeowner Insurance: This insurance provides coverage to your home against damage caused by fire, theft, and damage from weather related events.  The home policy also extends protection to the homeowner through the liability portion of the home policy. Homeowners policies are required by lenders and often cover a surprising number of items, including jewelry, furniture and home office equipment. You can also place higher valued items such as an engagement ring or collectibles on to the home policy for an additional charge.

Flood Insurance: This insurance is commonly issued by the federal government to provide as much as $250,000 in coverage for a single-family home. Lloyds of London now has a preferred rate option that can offer a flood policy at a discounted rate for the same amount of coverage. We suggest you check with your mortgage company to see if your mortgage lender accepts the Lloyds of London program, and if your mortgage requires you to hold a flood insurance policy.

Homestead Protection: The Massachusetts Homestead Act is a law under which a homeowner is protected by an Estate of Homestead. A homestead estate provides limited protection of the value of the home, up to $500,000, against unsecured creditor claims. The Homestead Act is Massachusetts General Laws (MGL) Chapter 188. Consult your closing attorney for assistance with filing for your homestead request.

It's important to discuss home warranties prior to signing a purchase and sale of your new home, and if your situation qualifies for any warranties. Your mortgage company will request an insurance binder for the closing, so get quotes on homeowner and flood insurance coverage thirty days prior to closing as your mortgage company will require a binder typically ten to fourteen days prior to closing.  Your insurance agent will be able to help facilitate the homeowner insurance portion with your mortgage broker.

Contact Lallis & Higgins Insurance for more information on homeowner and flood insurance.

Realtor.com


Redbones BBQ Beer Garden Arrives in Quincy for June 11 Flag Day Festival, Sponsored by Lallis & Higgins Insurance

Joseph Coupal - Tuesday, June 07, 2016

Festival will also feature Chicken & Rice Guys, Iron Furnace!

Scenes and flavors of an All-American summer unfold on Saturday, June 11 (3 p.m. – 8 p.m.) as Greater Boston barbecue landmark Redbones of Davis Square Somerville brings its food truck and mobile beer garden to the historic City of Presidents.

The festival is easily accessible by public transportation, just steps from the Quincy Center T station of the MBTA Red Line and commuter rail, 15 minutes from South Station in Boston.

"We're excited to bring our food to the other end of the Red Line and to be a new part of the great old tradition of Flag Day in Quincy," said Redbones owner Rob Gregory.

Redbones will be joined by The Chicken & Rice Guys food truck. Quincy restaurant Iron Furnace will offer family-friendly American cookout favorites, including its signature Iron Furnace Burger and Chili Dogs. The event is free, with cash for food and drinks.

The Redbones BBQ Flag Day Beer Garden is part of the City of Quincy's 65-year-old annual holiday celebration, which includes the nation's oldest Flag Day parade.

The festival is made possible by the support of Lallis & Higgins Insurance, the region's leading agency helping South Shore residents find affordable home, auto, life and business insurance policies. The Anthem Group, which organizes 4th of July food & hospitality on Boston's Charles River Esplanade and operates Charles River Bistro, assisted with the event.

The Redbones BBQ Flag Day Beer Garden will set up on the Adams-Hancock Green next to Quincy City Hall, 1305 Hancock St., and directly in front of Quincy Center station on the MBTA Red Line. Redbones will serve barbecue classics such as ribs, pulled pork and brisket, plus favorite local and national beers (21+ only with ID).

Quincy restaurant The Townshend, meanwhile, will expand its patio across the street from the beer garden at 1250 Hancock St. for the afternoon, offering craft cocktails, beer and sangria specials and summer bar snacks from chef Bobby Sisson.

The Quincy Flag Day parade, an annual tradition since 1952, begins at 7 p.m. and will pass down Hancock Street directly between the beer garden and Townshend cookout, giving guests two places to enjoy great hospitality before and during the parade.

The parade is followed by the City of Quincy's annual fireworks spectacle at Pageant Field overlooking Black's Creek at the southern end of Wollaston Beach. The fireworks begin at 9:15 p.m.

The beer garden takes place on the site of the future Adams-Hancock Green, currently under construction to expand the park between Quincy City Hall and the Church of the Presidents.

NEARBY HISTORIC LANDMARKS – Visitors can use the opportunity of the Flag Day barbecue festival to explore Quincy's American historic landmarks, all within walking distance. They include the Adams National Historical Park headquarters; the Greek Revival Church of the Presidents where visitors can enter the crypt of Presidents John & John Quincy Adams and First Ladies Abigail & Louisa Catherine Adams; the birthplaces of presidents John and John Quincy Adams; the Adams farmhouse mansion at Peacefield; the presidential Stone Library, which houses George Washington's Farewell Address and other national treasures; the Dorothy Quincy Homestead; the Quincy Historical Society at the Adams Academy, site of the parsonage where famed patriot John Hancock was born; and the Richardsonian Romanesque National Historic Landmark Thomas Crane Public Library.

DETAILS – Redbones BBQ Flag Day Beer Garden with Chicken & Rice Guys and Iron Furnace, Adams-Hancock Green (1305 Hancock St. on GPS), Quincy, Saturday, June 11, 3 p. to 8 p.m. Free with cash for food and drink.

PUBLIC TRANSPORTATION & PARKING – The Redbones BBQ Flag Day Beer Garden is conveniently located in front of Quincy Center T station, serviced by the MBTA Red Line, three commuter rail lines, and numerous MBTA bus routes. It is suggested that attendees take public transportation to the festival.

Public parking is available across the street in the Presidents Place parking garage, entrance on Saville Avenue, and two blocks away in the Hancock Parking Lot, entrance on Chestnut Street across from Quincy District Court House. There is limited free parking available on local streets in and around Quincy Center.


Welcome to Lallis and Higgins Blog

Joseph Coupal - Tuesday, May 24, 2016
Finding an insurance policy that meets your expectations can often be as difficult as an Out-of-Towner navigating route 128, interstate 95 and 93. Lallis and Higgins Insurance is located in Weymouth, MA and are here to help you, your family, and business find affordable options with coverage that will protect what’s most important to you - when you need it Feel free to give us a call at 781-277-0673 or email us if you're interested in seeing how we can help meet your home, auto, business or life insurance needs today. We truly value our policyholders, and the relationships we build with each client. There is no better feeling than making sure we give a great product at a competitive price to our neighbors, family, friends and community around us.

Insurance Company to Refund Massachusetts Homeowners for Improperly Charged Force-Placed Premiums

Joseph Coupal - Thursday, December 10, 2015
Insurer to be Audited by the Attorney General’s Office and Will Make Payment to Commonwealth
BOSTON – The largest force-placed insurance company in Massachusetts has agreed to provide refunds to homeowners who were improperly charged for force-placed insurance policies, Attorney General Maura Healey announced November 23rd.

Under the terms of the assurance of discontinuance, filed today in Suffolk Superior Court, American Security Insurance Company, a subsidiary of Assurant, Inc. (Assurant), will refund premiums to thousands of Massachusetts homeowners who were required to purchase unnecessary or overpriced force-placed insurance policies.  See complete press release here.

The settlement provides full refunds for the periods of duplicative insurance coverage for any person who had acceptable homeowners insurance at the same time he or she was force-placed by a mortgage servicer. The settlement also requires refunds for policyholders who were overcharged for force-placed insurance policies because they were mistakenly sold commercial policies rather than less expensive residential policies.

Federal Agencies Require Escrow for Flood Insurance Beginning January 2016

Joseph Coupal - Wednesday, July 01, 2015
Five federal financial agencies finalized a rule requiring lenders to escrow flood insurance premiums for homes in flood zones, and exempting homeowners from a requirement to buy flood insurance for detached structures.

Here are some highlights from this amendment that was passed this week: 
 - Banks & Mortgage services must escrow for flood insurance premiums on mortgages made, amended, renewed or extended after      
   1/1/2016 for special flood hazard areas. 
- Lenders are required to offer clients with pre-existing loans by 6/30/2016 the option to escrow.
- This rule only applies to residential home and mobile home mortgages 
- Limited exceptions may apply for situations including condo's, home equity, commercial credit, and financial institutions with small-   
   bank exceptions 


The rule is from federal agencies with financial oversight responsibilities: the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, the Farm Credit Administration and the National Credit Union Administration. The rule implements provisions of the 2014 Homeowner Flood Insurance Affordability Act, which was designed to address concerns resulting in some of the provisions included in the Biggert-Waters flood insurance reform law of 2012. 

The agencies also clarified that under Biggert-Waters, financial institutions have the authority to charge borrowers for the cost of lender-placed flood insurance coverage starting on the date the borrower’s coverage lapses or becomes insufficient. You can find the complete publication on the new rule here.

Massachusetts Registry of Motor Vehicles Fees

Joseph Coupal - Saturday, December 27, 2014
REGISTRATION FEES effective July 1, 2014

 

TYPE REGISTRATION                                                   REG FEE                SPECIAL FEE          TOTALFEE            RENEW FEE 
A=Annual Renewal 
PASSENGER 
PAN ***Passenger Normal ................$60.00 .....................................$60.00............$60.00 
PAR ***Passenger Reserved..............$60.00 ..............$40.00............$100.00..........$100.00 
PAV Passenger Vanity ........................$30.00...............$50.00............$80.00............$80.00 
PAY Year of Manufacture ....................$30.00...............$20.00............$50.00............$50.00 

LICENSES / IDENTIFICATION CARDS 
Class A (5 Year License) ...................................................................................................................................$75.00
Class B (5 Year License)....................................................................................................................................$75.00
Class C (5 Year License)....................................................................................................................................$75.00
Class D (5 Year License)....................................................................................................................................$50.00

Class M (5 Year License) [Motorcycle only]....................................................................................................................$50.00
Duplicate License...............................................................................................................................................................$25.00
Duplicate Permit.................................................................................................................................................................$15.00

OTHER REGISTRATION FEES

Amend Registration .........................................................................................................................................$25.00
Duplicate Registration......................................................................................................................................$25.00 
*Reducible Load Permit (Overweight Permits)...............................................................................................$50.00 minimum
*Reducible Load Permit Amend......................................................................................................................$20.00
IFTA Permit.........................................................................................................................................................$20.00 
IRP Trip Permit (Per 72 Hours).........................................................................................................................$15.00
IRP and IFTA Permit (Combination)................................................................................................................$35.00
Moped Registration [Up to 2 Yrs] ($30 on or after November 1)....................................................................$40.00
Registration Gift Transfer Fee..........................................................................................................................$25.00 
Registration Reinstatement..............................................................................................................................$100.00
Replacement Plate..............................................................................................................................................$10.00
Swap Plate.................................................................................................................................varies depending on plate type
Transfer Registration.........................................................................................................................................................$25.00


Complete list of fees

Halloween can be bring some scary claims

Joseph Coupal - Friday, October 31, 2014
Egg Heads. Rest assure you have coverage in place to help repair any damage to your car and paint on the car due to an egg, or any other substance that may cause damage from a vandal.  Comprehensive coverage will help you repair any damage done by goblins if you didn't realized in time you've fallen victim to a bad joke.  

Flying Pumpkins! You can lean on comprehensive coverage if it's a decoration, or an actual pumpkin that strikes your car.   This is covered whether its the wind or an actual trick-or-treater that causes the damage.

Raccoons, Deer, Bears, and Cats oh my! Animals get spooked with so many pirates, princesses and monster trick-or-treating - so if you happen to strike an animal while driving you can count on your comprehensive coverage to help your damaged car get repaired.    Collision coverage would fall into place if you swerve out of the way of an animal and hit a car, tree or other structure. 

Be safe, and have a happy Halloween! 


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