Janice Brigham - REALTOR® - RE/MAX Professional Associates | Holland, MA Real Estate, Brimfield, MA


Flood insurance represents a valuable investment for many homeowners across the country, and for good reason. This type of insurance guarantees that your residence and personal belongings are protected against flooding due to a severe rain storm or other inclement weather. Therefore, purchasing flood insurance may enable you to avoid substantial losses due to flood damage associated with a natural disaster.

So how does flood insurance work exactly? Here are three things that every homeowner needs to know about flood insurance.

1. Flood insurance and homeowners insurance are very different.

Flood insurance serves as a supplemental insurance that can be purchased in addition to your homeowners coverage. However, flood insurance does not substitute for home insurance, and vice-versa.

Typically, a homeowners policy does not offer flood coverage. This means if your house is filled with water due to a natural disaster, your homeowners coverage will not protect you against property damage or losses.

In many cases, a bank or credit may require a homeowner to purchase flood insurance if he or she owns a house that is located in a floodplain. Conversely, you may want to consider purchasing flood insurance even if live outside a floodplain.

Remember, even 1 inch of water after a flood can cause major damage in your home. But if you have flood insurance in place, your home and belongings will be protected against flooding at all times.

2. Flood insurance is provided via the National Flood Insurance Program (NFIP).

The NFIP offers flood insurance policies for your home and possessions. A flood insurance policy for your home guarantees that you're protected against any flood damage to your residence. Meanwhile, contents coverage insures you against loss of possessions due to flooding.

Also, it is important to note that flood insurance policies usually require at least 30 days before they go into effect. This means that you likely won't be able to purchase flood insurance only days before a major hurricane is expected to arrive in your city or town.

3. Flood insurance won't necessarily cover your entire home.

Federal flood insurance commonly offers coverage worth up to $250,000 for your home and $100,000 for your belongings. Therefore, if you own a home that is worth $300,000 and it is destroyed in a flood, your flood insurance policy will not cover the entire cost to replace your residence.

Comparatively, you can purchase "excess flood insurance" through a private insurance company to supplement a federal flood insurance policy. Excess flood insurance offers a great option if you want to insure your home and possessions against floods and guarantee that any policy claims are covered beyond national limits.

4. Floodplains may change over time.

Floodplain maps frequently change and evolve over time. Thus, a residence that was not in a floodplain several years ago may now be located in a floodplain.

If you plan to sell your residence, your real estate agent can help you find out if it is located in a floodplain. Or, if you intend to buy a new home, your real estate agent can tell you whether a residence is located in a floodplain as well.



8 Village Green, Sturbridge, MA 01566

Condo

$189,900
Price

5
Rooms
2
Beds
1/1
Full/Half Baths
Beautifully maintained 2Br End unit in Sturbridge Hills! The first floor offers an open floor plan. Enter your end unit Condo from front entry way or 1 car att garage, 1/2 bath with ample storage in the hallway on this level, and across the hall leads you to an open flr plan kitchen, with a some modern updating needed if you choose; see your way to the dining room and living room with cathedral ceiling and tall windows that allow the natural light to shine through. Walk through to the sliding glass doors to back deck with large back yard. Wide stairway in front entry leads to 2nd level large open railed loft for use as an Office/Exercise or reading area, with more closet storage, up to your 2nd Br and generous sized Master Bedroom with en suite master bathroom. Unfnshd bsmnt has so much potential for more living space. Paved driveway! New Elec Hot Water Tank. AHS warrantee included! Great access to the Pike, Rt 84, 9 & 20! Union 61 school system (Burgess & Tantasqua).
Open House
No scheduled Open Houses

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Looking to sell your condo? You're in luck, as there is high demand for condos across the United States.

As a condo seller, it is important to allocate the necessary time and resources to find ways to maximize the value of your property. By doing so, you'll be able to evaluate your condo, understand its strengths and weaknesses and take the right steps to enhance your property's appearance.

Moreover, there are several factors that you should consider before you add your condo to the housing market, including:

1. Your Condo's Condition

How will property buyers feel when they see your condo for the first time? Ultimately, you'll want your condo to make a positive first impression on homebuyers. To accomplish this goal, you may need to complete assorted home improvement tasks to enhance your condo both inside and out.

A property appraisal may prove to be exceedingly valuable, as this assessment will allow you to learn about your condo's condition. During the evaluation, a home appraiser will take a close look around your condo and offer honest, unbiased recommendations that you can use to improve your residence.

2. Your Timeline

You know that you want to sell your condo, but how quickly would you like to relocate to a new address? Understand your condo selling timeline, and you'll be able to plan accordingly.

For a condo seller who wants to move as soon as possible, establishing a competitive price from the get-go is essential. This price will help your condo stand out from other properties that are available and increase your chances of a quick condo sale.

3. Condo Rules and Regulations

If you plan to sell your condo, it is always better to err on the side of caution. Therefore, you should check with your homeowners' association (HOA) to see if there are any rules or requirements that must be followed when you sell your property.

For example, some condo communities may require HOA board approval for a new property owner. Or, if you live in a gated condo community, you should find out whether permission is needed to host an open house to showcase your property to a broad range of property buyers.

Selling a condo may seem like a complex process, particularly for those who are listing a property for the first time. Lucky for you, real estate agents are available to help you get the best results.

Employing a real estate agent with condo selling experience is paramount. With this real estate agent at your side, you should have no trouble optimizing the value of your condo.

Typically, a real estate agent will set up condo showings, negotiate with property buyers on your behalf. This real estate professional also will respond to your condo selling concerns and queries, ensuring you can make informed property selling decisions.

Don't leave anything to chance when you sell your condo. Collaborate with a real estate agent, and you can boost your chances of a seamless property sale.


Opportunity is knocking at 39 Boston Rd! Charming 3 Brm Home in this desirable neighborhood. Conveniently located just minutes from access to Rt 9/30/495, Commuter Rail, shopping & more! Entire home newly painted, brand new carpeting, Laminate flooring, well cared for, recently renovated - evident at first entrance. This open floor plan starts with the Living Rm & Dining Rm opening up to the Kitchen with views to the back of the home's Sunroom/Family Rm. This extra treasure in the back is heated & enclosed to overlook the large backyard. With vaulted skylight & beamed ceilings, the light shines in beautifully, truly making it a delightful bonus. First flr offers a Master brm with French door to the sunroom & one off to the hall leading you to the Full Bath. Second flr has two generous sized brms with lots of closet/storage, brand new carpeting throughout; one w/ built in cabinet. Walkout Bsmnt has new W/D, & heated w potential for addtl living space you can make your own. Opportunity!!

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39 BOSTON ROAD, Southborough, MA 01772

Single-Family

$339,900
Price

7
Rooms
3
Beds
1
Baths
Opportunity is knocking at 39 Boston Rd! Charming 3 Brm Home in this desirable neighborhood. Conveniently located just minutes from access to Rt 9/30/495, Commuter Rail, shopping & more! Entire home newly painted, brand new carpeting, Laminate flooring, well cared for, recently renovated - evident at first entrance. This open floor plan starts with the Living Rm & Dining Rm opening up to the Kitchen with views to the back of the home's Sunroom/Family Rm. This extra treasure in the back is heated & enclosed to overlook the large backyard. With vaulted skylight & beamed ceilings, the light shines in beautifully, truly making it a delightful bonus. First flr offers a Master brm with French door to the sunroom & one off to the hall leading you to the Full Bath. Second flr has two generous sized brms with lots of closet/storage, brand new carpeting throughout; one w/ built in cabinet. Walkout Bsmnt has new W/D, & heated w potential for addtl living space you can make your own. Opportunity!!
Open House
No scheduled Open Houses

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