News - Weymouth Insurance

Insurance News & Industry Insights

Stay Informed – Protect Smarter

At Weymouth Insurance, we believe knowledge is power. Here’s what’s new and noteworthy in the home, auto, and business insurance world:

Climate Impact on Premiums: Homeowners in Massachusetts and across New England are seeing higher premiums due to increased storm risks and flood-prone zones. FEMA is updating flood maps – now’s a great time to review your policy.
Smart Home Discounts: Installing smart devices like leak detectors or monitored alarms could qualify you for premium reductions.
Replacement Costs Up: Inflation and construction costs continue to rise—make sure your policy reflects current rebuild values.

Usage-Based Insurance (UBI): More insurers are offering “pay-as-you-drive” options. If you drive less than average, you could save significantly.
EV & Hybrid Insurance Adjustments: Electric and hybrid vehicles may have higher repair costs—but some providers are offering green vehicle discounts.
Distracted Driving Penalties: MA has updated penalties and insurance rates can spike after phone-related violations. Stay safe and hands-free!

Trends & Insights:

Rise in digital life insurance platforms – instant quotes, no medical exams.
Younger buyers are showing more interest, especially Millennials and Gen Z.
Integration with wellness tracking to offer personalized premiums.

Challenges:

Cyber Coverage on the Rise: Small businesses are increasingly targeted by cyberattacks. Many are now adding cyber liability protection to their commercial packages.
Remote Work Considerations: If your team works from home, your liability and workers’ comp needs may be different—get a quick review to stay compliant.
Insurance for Gig & Freelance Workers: More flexible plans are emerging for part-time entrepreneurs, freelancers, and home-based businesses.

“Insurance isn’t just about protection—it’s about preparation. An annual review of your policies ensures you’re covered when life changes.”