Update Mortgage Company

You need to contact your insurance provider and request a change to the mortgagee clause. Please have your new bank information available along with your loan number. Please have your lender send you a Certificate of Insurance request so you can forward it to your insurance company.

You can refer friends and family by sending them the link to the form here, or please email us Bill@EliteInsuranceMA.com ,

No. We have specific carrier contracts and receive commission based on the policies sold. Insurance rates are regulated by the state, purchasing insurance through us will not affect your insurance rates.

Yes. You will be contacted by email, text and a phone call (depending on your preference) 25-30 days prior to your renewal date.

It is an inexpensive way to protect your financial future or established assets. Personal Umbrella Insurance protects you above and beyond the limits on your homeowners or condo insurance, car insurance, watercraft or other personal insurance policies. This coverage is mostly used when you’re sued after an event that transpired at your home, car, or because of something you, your immediately family or pet did. An umbrella policy will pay for your legal expenses and protect you if you lose the case. If you win, an umbrella policy would cover your lawyer’s fees.

Massachusetts homeowners insurance generally covers your home, personal property, other structures, and personal liability for covered losses. Coverage varies by policy, so it is important to review exclusions and optional coverages with an independent insurance agent. 

Your dwelling coverage should generally be based on the estimated cost to rebuild your home, not its market value, tax assessment, or purchase price. An insurance agent can help determine an appropriate replacement-cost estimate. 

Standard homeowners insurance generally does not cover flood damage, including many types of groundwater and surface-water flooding. Flood insurance may be available separately and can be especially important for Massachusetts properties in or near flood-prone areas.

Homeowners insurance can cover certain sudden and accidental water losses, such as a burst pipe, but coverage depends on the cause of the loss and the policy. Flood, groundwater, seepage, and maintenance-related damage are generally treated differently and may be excluded. 

A personal umbrella policy provides additional liability protection above the limits of your homeowners and auto policies. It can be particularly valuable for homeowners with significant assets, higher liability exposure, or multiple properties.

Homeowners insurance can provide coverage for an eligible swimming pool and liability arising from its use, but pools can significantly increase liability exposure. Proper liability limits, safety requirements, and an umbrella policy should be considered.

Homeowners insurance premiums can change because of rebuilding costs, weather and catastrophe losses, insurance-company pricing, property characteristics, and changes in the Massachusetts insurance market. Comparing coverage with an independent agent can help determine whether there are appropriate alternatives.

The insurance a business needs depends on its industry, operations, employees, vehicles, property, contracts, and liability exposures. Common commercial coverages include general liability, commercial property, workers’ compensation, commercial auto, and umbrella insurance.

Commercial general liability (CGL) insurance helps protect a business against covered claims involving bodily injury, property damage, and certain personal or advertising injuries. The appropriate limits and endorsements depend on the business’s specific operations. 

Massachusetts employers generally must carry workers’ compensation insurance for employees, subject to specific statutory rules and exemptions. Businesses should have their situation reviewed by an insurance professional to make sure they are properly insured.

A certificate of insurance provides evidence that a business has certain insurance coverage in place. A COI does not change the policy itself or create coverage that is not provided by the actual insurance policy.

Commercial insurance limits should be based on the company’s assets, revenue, contracts, operations, potential liability, and worst-case exposures. Many businesses also purchase a commercial umbrella policy for additional liability protection above their underlying policies.

Commercial property insurance protects eligible business property such as buildings, equipment, inventory, furniture, and other business contents against covered losses. Coverage can be tailored for an owned building, leased space, or both.

Contractors commonly need general liability, workers’ compensation when applicable, commercial auto, tools/equipment coverage, and potentially an umbrella policy. The correct insurance program depends on the contractor’s specific trade, employees, vehicles, contracts, and operations.

A condo association master policy generally provides property and liability coverage for the condominium’s buildings, common areas, and association-owned property. It works alongside individual unit owners’ HO-6 policies. 

A Massachusetts condo master policy typically covers the building and common elements, along with liability for the association, but the exact extent of coverage inside individual units depends on the condominium’s governing documents and policy structure. 

An all-in master policy generally provides broader coverage for property inside the units, while a bare-walls approach generally stops at the structure and leaves more interior property to the unit owner. The association’s master deed and bylaws are critical in determining the appropriate insurance structure. 

The association’s property limit should generally reflect the full replacement cost of the buildings and property the association is responsible for, rather than market value or assessed value. Proper limits should also account for construction costs, ordinance or law exposure, and the association’s governing documents.

Yes, condo associations generally need liability protection for claims involving bodily injury or property damage arising from common areas and association operations. The appropriate limit depends on the size, amenities, operations, and exposures of the association.

Directors and Officers (D&O) insurance can protect condominium trustees and board members against certain claims arising from decisions made while acting on behalf of the association. It is an important coverage to evaluate separately from the association’s property and general liability insurance.

Responsibility depends on the source of the loss, the association’s master policy, the unit owner’s HO-6 policy, and the condominium’s governing documents. Determining whether the master policy or individual unit policy responds can be particularly important when a loss affects multiple units.