Taking the Dive? Consider Wedding Insurance

June 3, 2011

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Look, I get it. Weddings are expensive. But if you think paying for an Elvis-impersonator to sing at your wedding is exorbitant, just imagine if you paid him and he didn’t show up. No music.

Or what if you paid the photographer who mysteriously disappeared after a bout of bad food poisoning? No photos.

WORSE: What if your bride or groom-to-be got cold feet and bailed?

Then, you just lost a boatload of cash.

In Plymouth County, couples, on average, spend between $24,000 and $41,000 on the big day according to The Wedding Report, Inc. Imagine paying all of that out for NOTHING.

Well, now that I have you good and paranoid about your engagement, let me make you an offer.

What if I told you that for somewhere between $100 and $200, you can be INSURED for this type of financial loss?*

Well, you’d be right.

You’re not dreaming. This is called Wedding Insurance. It protects you in these situations and given the good weather, I wanted you to know NBA Insurance is your hot spot for it.

So, before you suit up or get something old, borrowed, new and blue, give us a call to get a quote: 781.871.5414. You can also email us at TC@NBAInsurance.com.

*(Not an official quote, numbers taken from an article done by WBZ.com)

How Much Do You Love Your Car?

April 15, 2011
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Can you believe *this* is a Toyota Camry?

Do you drive a new car? Do  you drive a new-ish car? More than likely, you have a car loan/lease on any vehicle only a few years old.

Imagine you paid $30,000 for a new Toyota Camry in 2009. No miles. Perfect- no. SPECTACULAR condition.

Let’s say you average 15,000 miles per year (about the standard amount a person who works full-time with a moderately-sized social life drives in a calendar year).

Fast forward two years. You reach the present-day, the year 2011. You have approximately 30,000 miles on that 2009 Camry. What was once a new car is still fairly new, but not perfect. 2 years old. And oh wait, you signed a loan. Which means you might still have the interest to pay on that initial $30,000. Ew.

And then – WORSE – you get into a car accident. You’re physically totally fine in this hypothetical, but your car – eh, not so much. It’s totaled. Lucky, for you, you have full collision/comprehensive on your policy and can get money back.

But then there’s the loan.

Perhaps you have a good deal on your loan left to pay. After two years, if your payments were $400/month and you put $0 down, then you have about $20,000 left on the loan (more or less depending on your interest rate. Please also note I was an English major, not a mathematician).

The insurance company will pay you the Actual Cash Value for your loss after the deductible* (if you are subject to one). But what if your car’s value is less than the amount still left on the loan? You pay it out-of-pocket, even after the deductible.


That’s why we offer Loan-Lease coverage! It’s pretty fancy. *See below some words from the policy page. If you’d like a quote adding this to your policy, drop us a line!

In the event of a covered total loss to an auto shown in the Coverage Selections Page for which a premium charge indicates that Auto/Loan Lease Coverage applies, we will pay any unpaid amount due on the lease or loan for that vehicle less:

1. The amount paid under Collision (Part 7) or Comprehensive (Part 9) of the policy;
2. The applicable deductible; and
3 . Any:
a. Overdue lease/loan payments, penalties, taxes, interest or charges resulting from overdue payments or lease termination fees at the time of the loss;
b. Financial penalties imposed under a lease for excessive use, abnormal wear and tear or high mileage;
c. Security deposits not refunded by a lessor;
d. Costs for extended warranties, Credit Life insurance, Health, Accident or Disability insurance or any other insurance purchased with the loan or lease;
e. Carry-over balances from previous loans or leases or increases to your loan balance occurring after the date of purchase; and
f. Amount by which your original loan balance exceeded the overall purchase price of your covered auto.

Before You Rev Up Your Bike, Boost Your Limits!

March 18, 2011


Sixty-eight and sunny is reason enough to dust off your motorcycle and rev your engines.

But before you hit the road, raise your bike’s liability limits.

Many insureds opt to lower limits during the winter season because they stop riding their bike. Car-drivers and motorcycle-riders can both benefit from higher limits! And you don’t have to break the bank.

Why do we have liability limits? To cover for cases of bodily injury and property damage. Remember, minimum limits rarely insure total losses on newer cars.

And the physical damage coverage! I’ve said before how important it is to keep comprehensive and collision coverage on your vehicles. Cutting comprehensive coverage is the same thing as saying you are totally comfortable paying for a new windshield. Don’t put your bank account through unnecessary pain.

If you would like a quote on raising your limits or if you just have a question, call our office at 781-871-5414.

Homeowner’s Insurance Covers Your Water Damage… So Why Get Flood?

March 7, 2011

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This weather is disgusting. (That just needed to be said). Last night, meteorologists got a little panicky about the rain. We really don’t need rain now, given that the snow’s prolonged melting is making our roads rocky and flooded anyway. Specifically though, weather-men-and-women worry about river-overflow and its effect on residential areas.

Rivers of concern are the Assabet @ Maynard, the Shawsheen @ Wilmington, and the Blackstone @ Northbridge & Woonsocket.

Melissa Mack, WBZ-4 News

A lot of skeptical homeowners assume that they’re covered for water damage. They stand proudly against the windswept rain holding their recently laminated Homeowner’s Declaration Page. While your homeowner’s policy is awesome because it covers you for your dwelling, personal property and gives you some lovely personal liability, it’s not an invincibility cloak.

“But it covers me for water damage!” the insured person proclaims.

It’s great you are covered for water damage (burst pipes, roof leakage, and damage to your personal property when your washing machine explodes causing your basement to flood). Go ahead, leave your iPads and your 3D TVs unprotected. After all, you’re insured. (Please don’t actually do that).

If your home/basement or personal property gets flooded because of a river/body of water overflow (or if it gets flooded by water you didn’t invite in your house due to excessive precipitation), you are not covered by your homeowner’s policy. You need Flood Insurance. Click that link for a free quote!

If you’re looking for a quote, look no further. Email Liz@NBAInsurance.com or call 1-781-871-5414 for details.

Please Note: Not all policies provide adequate coverage for finished basements. Additional coverage can be added by endorsement. Just ask us about it.

Think You’re Cutting Cost? Think Again.

February 25, 2011
"The Sad Car in Sad Colors" by Katoma, Borrowed from http://www.visualspice.net/. NBA Insurance: Auto, Home, Life, Boat, Massachusetts, Hingham, Boston, Walpole, Norwell, South Shore, All of MA, RI, Rhode Island, Insurance, Commercial Business, Since 1980.

Don't let your car look like the one above. Cute? Yes. But terribly sad.

In light of this economic downturn, morning shows like The Today Show and Good Morning America (among others) have been giving tips to consumers on best-spending-practices.

Quite honestly, most of their tips are pretty good… but not all.

Although I’m not an avid fan of these types of shows, I watch them every so often. Notably, in the past year, out of the dozen or less editions I’ve caught on TV, there were two or three that aimed to teach consumers how to cut cost on their insurance policies.

This needs to be addressed, alas- this blog post.

A young woman, whose name evades me, shared that to save money on car insurance, you should cut out collision and comprehensive coverages.

Of course, at the ungodly hour of 8am, or whenever this was disclosed on national television, I had an urge to throw my coffee mug at the TV. But I didn’t. I love my TV.

But seriously? Collision and comprehensive? Do you even care about your car? This would be like letting your child ride a bike without a helmet. Or driving without a seatbelt. Or tangoing on a dangerously high cliff. Your risking the physical security of your car.

Think of how much you drive. I, personally, drive -on average- about an hour and a half every day. Even if you drive a car that’s over 10 years old, they can retain their value quite well– some easily being worth a few thousand dollars despite having over 100,000 miles on them.

So if you cut the few hundred you might spend every year in physical damage coverage, you are risking the few thousand worth in your car. You might as well wave a wad of cash around in a dark alleyway.

Picture it – an insured’s nightmare – a tree limb falls and crushes your windshield. A drunk driver rear-ends you. You have just cut your comprehensive & collision coverages. Your car gets totalled – at fault or totally innocent, you must pay out-of-pocket for its repair or replacement.

If you don’t have physical damage coverage on your car now, feel free to give our office a call and we’ll give you a free quote adding coverage back on your policy– 781.871.5414 or 877.NBA.1980.

WickedLocal Delivers Deals to Your Door – Why Not Save More Money?

February 18, 2011

Save Money, Wicked Local Deals, WickedLocal, Savings, Money, Car insurance, Auto Insurance, NBA Insurance Agency, South Shore, MA insurance agency, insurance agent, MA agent, Massachusetts insurance agentTired of getting emails from Groupon, Living Social, and the other slew of companies who give deals of the day?

Nah, I’m not tired of those either.

But I did think it was kind of cool that Wicked Local is offering competitive deals delivered to your door rather than electronically. It’s totally free to sign up too! If you aren’t familiar with WickedLocal, you should know that it’s a news site featuring stories from our local papers (Patriot Ledger, etc).

Click here to see their deals site — it also includes a bunch of gift cards to local restaurants and retailers, priced at 50% off! Not too shabby if you find one of your favorite restaurants.