Welcome to Phil Richard Insurance.
Making insurance personal since 1988, we’re family-owned and here for the long run. Offering competitive insurance products for your home, auto, flood, business, and more, our mission is to educate you, advise you, and progress with you as you grow in life.
Talk to us about your needs and how we can help you today.
Welcome to Phil Richard Insurance.
Making insurance personal.
Looking for someone you can trust? Since 1988, we’ve thrived on advising our clients, our peers, and community on the North Shore and Greater Boston Area of Massachusetts, giving back whenever we can. Talk to us about finding the right policy for you today.
We’re advisers and consultants who find solutions for your specific situation.
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.
Talk to us about finding the right policy for you today.
What Our Clients Have To Say About Phil Richard Insurance
Don’t Wait Until It’s Too Late
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.
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