Welcome to Phil Richard Insurance
Making insurance personal since 1988, we’re a family-owned independent insurance agency here for the long run. Our mission is to educate you, advise you, and progress with you as you grow in life.
We’re insurance advisers and consultants who find solutions for your specific needs.
Based in Danvers, MA & Peabody, MA, offering competitive products for home insurance, auto insurance, flood insurance, business insurance, and more to the North Shore, Boston, and New England.
Today in the age of convenience, you’re used to having everything in the snap of a finger, but Insurance should not be a 15-minute process. At Phil Richard Insurance, we thrive on helping our community and educating clients. Our agents are Insurance experts who fine-tune your policy, maximize value, and help you understand your coverage needs for the long run.
What Our Clients Have to Say:
Frequently Asked Questions
I just purchased my first home. How much homeowners insurance should I have?
This is one of the most frequently asked questions we see, and the real answer is, “It depends.” There are so many factors that go into how much homeowners insurance you should have. In general, as long as you have your policy written and insured at Replacement Cost you are off to a good start. Determining the necessary amount of insurance appropriate for your home is something that both you and your agent will discuss allowing you to choose the appropriate level of protection.
Am I responsible for an accident that occurs if my under-18 licensed child is driving my vehicle?
You will be presumed legally responsible for any accident incurred by your under-18 licensed child involving your vehicle unless you can prove that you were not the reason behind your child operating your car. For instance, if your child takes the car to buy groceries at your request, he is acting as your agent and you are responsible. If your child uses your car to go to the movies with his friends, he is not acting as your agent and as a result, you would not be responsible.
However recognize that whenever you “loan” your car to anyone, you might be deemed to have “negligently loaned” your car to someone else and you might be held responsible.
What is the difference between universal and whole life insurance?
Universal life and whole life insurance are both permanent life insurance products. Yet there are distinct differences between the two. Universal life is more flexible in that you can change the death benefit and the premium you pay depending on the cash value of your policy and current market conditions. Whole life is considered a safer product because it offers guaranteed premiums with fixed death benefits and a fixed growth rate. Overall, whole life insurance is more expensive than universal life insurance.
What is the difference between general liability and professional liability insurance?
The basic difference between the two is that general liability covers bodily injury or property damage to a 3rd party and professional liability protects your business against the repercussions of giving out bad advice, or poor guidance.
What areas do you service?
We serve all of MA including the North Shore areas of Peabody, Danvers, Beverly, and New England states.
Don’t Wait Until It’s Too Late
Even though your business cannot avoid all incidents, it can certainly reduce their likelihood and respond to them appropriately to minimize repercussions. When an employee files a claim for an injury or illness, follow these recommendations. Develop a Response...
According to FEMA, flooding is the most common and costly national disaster in the U.S and 20% of claims occur outside of high-risk zones. Flooding Happens Everywhere Every year we see news coverage regarding major floods in the U.S. According to FloodList.com, 315...
This March we are celebrating a very special member of our team, Megan Poverman. Megan is from Peabody, Massachusetts and works for Phil Richard Insurance as an office assistant. Just a few months out of high school and in between jobs, Megan turned to her friend for...