Insurance Facts from Lymneos Insurance to help you learn more about your insurance needs. This family owned and operated Boston Insurance Agency that started in 1952. We listen carefully to offer the best coverage that will fit your needs. This agency was established on that basis and has continued to this day to provide the personal service you deserve.

Insurance Facts & Frequently Asked Questions

If you have recently purchased or are planning to purchase a new or used vehicle you may want to consider purchasing Gap Insurance.

What is Gap Insurance?

When you drive your new or used car off the dealers lot your car has most likely lost 20% of its value and you need Gap Insurance. If you put less than a 20% down payment on your car you need Gap Insurance.

How does Gap Insurance Work?

If your car is stolen or declared a total, your insurance company will pay the actual cash value of the car. The actual cash value can be a lot different from what you still owe on your loan. Without Gap Insurance your lender will hold you responsible for paying the difference between the actual cash value and the amount left on the loan.

Dealers charge between $500 and $600 for this coverage. We can offer it to you for $299 for the life of your loan up to 84 months. Leased vehicles are not eligible.

Not everyone needs Gap Insurance but if you think you should have it and would like more information on how it works, please give us a call and we will be happy to discuss it with you.

Why do I need a Personal Umbrella policy?

Jury awards and out-of-court settlements routinely run into hundreds of thousands or even millions of dollars. Add to this the cost of legal fees, and the expense becomes staggering. An unexpected catastrophe could result in a large judgment against you. Without adequate protection, your current assets could be placed in serious jeopardy.

A Personal Umbrella policy could protect you against excess liability judgments for loss, injury, or even death caused by negligent acts. It is designed to provide liability protection over and above the insurance policies you currently have.

Consider the following example:

One evening a 17-year old took his parent’s car out for a drive. He crossed over a median and collided head-on with another vehicle. Two passengers in the other car were killed, and a third was seriously injured. The 17-year old driver was found negligent and ordered to pay $1.5 million to settle the injury claims. The parents had an auto policy with a $300,000 per claim liability limit. Fortunately the parents carried a Personal Umbrella policy. The auto policy paid $300,000, and the Personal Umbrella policy paid the remaining $1.2 million.

With a Personal Umbrella policy, you are covered if the limits under your primary policy are used up. Your assets, as well as your future earnings, are protected.

In today’s society, lawsuits are occurring with alarming frequency. Moreover, the monetary awards can be staggering. Your current insurance will protect you against a minor misfortune – but it probably would not give you the needed protection against a catastrophic loss.

Because of the high incidence of Identity Theft you can now obtain coverage on your homeowner’s policy to protect yourself from the high cost of restoring your name and credit.

Each year millions of Americans fall victim to Identity Theft and may spend months – even years – and their hard-earned money restoring their good names and credit records. Your doors and windows may be carefully locked, but identity thieves know no bounds.

For comprehensive tips on how to protect your good name and credit record, refer to the Federal Trade Commission’s Web site by clicking on this link: About Identity Theft

What is a flood?

Flooding is defined as a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties from the following:

  • Overflow of inland or tidal waters.
  • Unusual and rapid accumulation or runoff of surface waters from any source.
  • Mudflows
  • Collapse or subsidence of land along the shore of a lake or other body of water, as a result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels that result in a flood.

What does a Flood Policy cover?

Residential Building Coverage

Building coverage insures a house or dwelling, attached and detached garages, as well as certain permanently installed fixtures such as built-in dishwashers, permanent shelving and cabinetry, furnaces and radiators, hot-water heaters, plumbing fixtures, stoves, ovens and refrigerators.

Residential Contents Coverage

Contents coverage insures most of your personal property and belongings, including:

  • Clothing
  • Furniture, housewares, bedding
  • Decorative items, lamps and lighting fixtures
  • Books, home electronics
  • Area rugs and draperies
  • Clothes washers and dryers
  • Air conditioners
  • Food freezers and the food in them
  • Portable microwave ovens

Coverage in Basements

Flood insurance covers structural elements, essential equipment and other basic items normally located in a basement, such as:

  • Unfinished drywall for walls and ceilings, including nonflammable insulation
  • Electrical junction and circuit breaker boxes, and required utility connections
  • Central air-conditioning units
  • Furnaces, hot-water heaters, fuel tanks and the fuel inside them, and heat pumps
  • Light fixtures
  • Foundation elements
  • Cleanup

However, flood insurance does not cover basement improvements such as finished walls, floors or ceilings or personal belongings that may be left in a basement such as furniture and other contents.

The Flood Facts

Everyone lives in a flood zone – floods are caused by storms, melting snow, hurricanes, and water backup due to inadequate or overloaded drainage systems, dam or levee failure, etc.

  • Flooding can happen anywhere – about 25% of flood insurance claims come from low to moderate-risk areas
  • Flood damage is not covered by homeowners policies
  • Flood insurance is affordable
  • Flood insurance is available to homeowners, renters, and business owners
  • There is a 30-day waiting period unless you are purchasing at the same time you are writing a mortgage
  • Federal disaster assistance is not insurance coverage – it is a loan that must be paid back
  • There is also an inexpensive preferred rate policy available if your flood zone qualifies

Home and Personal Property Inventory

By keeping an accurate inventory of your personal possessions you could save hundreds, even thousands of dollars at the time of a loss. If your home were burned, vandalized, or destroyed in some other way, could you remember the value of each and every item? Keeping an inventory will also help you determine how much insurance you should carry. You may be surprised by the value of your accumulated possessions.

In addition to your inventory sheets, another way to supplement your inventory is by taking a picture or video of each room in your home after you have finished cataloging the contents.

After you have your inventory complete, be sure to keep it in a safe place away from your home such as a relatives home or you can even bring copies of the inventory and pictures/video to our office for safe keeping in your file

Credit Card Inventory

In the event that your wallet is lost or stolen, would you have all of the credit card numbers and telephone numbers on hand to be able to call and report the card lost or stolen? It is also a good idea to create a credit card inventory sheet in the event this ever happens.

With Accident Forgiveness, a surcharge resulting from an at-fault accident, and the corresponding loss of the driver’s Excellent Driver Plus (SDIP Points 99) discount, will not be applied, saving a customer hundreds of dollars a year. This option automatically applies to the first surchargeable at-fault accident, provided the policy:

  • has been in force with Plymouth Rock for at least 48 months prior to the renewal policy date
  • includes only listed operators with SDIP Points 99
  • lists the at-fault driver and vehicle
  • includes no other accidents currently being waived

Only the first surchargeable at-fault accident is “forgiven.” Any violations relating to the accident or any subsequent accidents are subject to the applicable surcharge. The waiver applies only while the customer is insured with Plymouth Rock. The Deductible Rewards, Actual Replacement Cost and OEM endorsements may be used on a claim being “forgiven.”

Optional Accident Forgiveness Coverage The Accident Forgiveness option may be purchased for a policy that has been with Plymouth Rock less than 48 months prior to the policy effective date provided the other eligibility requirements apply, including: all listed drivers are SDIP Points 99. the at-fault driver and the vehicle involved are listed on the policy, and there are no other accidents currently being waived on the policy. The cost for the optional coverage is 1.5% of the total premium for Parts 1-9 and Part 12, and must be purchased at the inception of the policy term.

This discount is available to drivers in all inexperienced operator rate classes who are enrolled as full-time high school, college or university students at an accredited educational institution, and either maintain at least a “B” or “3.0” grade point average or are included on the “Dean’s List,” “Honor Roll,” or comparable scholastic achievement list.

The discount is based on rate class:

  • Class 17 and 18, 15%
  • Classes 20,21,25, and 26, 10%
  • lists the at-fault driver and vehicle
  • includes no other accidents currently being waived

and applies to:

  • Bodily Injury (Part 1)
  • Personal Injury Protection (Part 2)
  • Property Damage (Part 4)
  • Optional Bodily Injury (Part 5)
  • Medical Payments (Part 6)
  • Collision (Part 7)
  • Limited Collision (Part 8)
  • Comprehensive (Part 9)

To be eligible, the student operator must have a driving record with fewer than 3 points under the SDIP plan. The student must supply a report card, transcript or certified statement from the school indicating the academic requirement was met during the semester immediately preceding the policy effective date.

The discount may not be endorsed mid-term, and must be requested before each policy renewal for which the student is eligible (based on grades and inexperienced operator classification). The Student Away at School discount cannot be selected in conjunction with the Good Student discount. The higher of the two discounts should be applied. All other eligible discounts apply.

To be eligible, the student operator may not have regular access to the covered vehicle while at school or on weekends. The discount would still apply when the student is home on breaks and summer vacation as long as they remain enrolled at the school and reside on or near campus during the regular school year.

The Student Away at School discount cannot be applied In conjunction with the Good Student discount. The higher of the two discounts should be applied. All other eligIble discounts apply.

This discount is available to drivers in all inexperienced operator rate classes who are enrolled as students and reside at an accredited educational institution located more than 100 road miles from the auto’s principal place of garaging.

The discount is based on rate class:

  • Class 18 (occasional use, 3-6 years experience), 5%
  • Class 17 (principal use, 3-6 years experience), 10%
  • Classes 20, 21, 25, and 26, 15%

and applies to:

  • Bodily Injury (Part 1)
  • Personal Injury Protection (Part 2)
  • Property Damage (Part 4)
  • Optional Bodily Injury (Part 5)
  • Medical Payments (Part 6)
  • Collision (Part 7)
  • Limited Collision (Part 8)
  • Comprehensive (Part 9)


The Massachusetts Property Insurance Underwriting Association (MPIUA) also known as the Massachusetts FAIR Plan (Fair Access to Insurance Requirements) provides basic property insurance on eligible property for applicants who have been unable to gain insurance through the voluntary market.

Founded in 1987, Pilgrim is a licensed insurer based in Massachusetts. Pilgrim was the first company in Massachusetts to provide third-party management and operational services to both property and casualty insurers and financial institutions.

Plymouth Rock Insurance

For 25 years, Plymouth Rock has offered a better option for auto insurance, The flagship company of the Plymouth Rock Group of Companies, headquartered in Boston, Massachusetts.

The Progressive Group of Insurance Companies ranks third in the nation for auto insurance, with more than 12 million customers.

© 2015 Paul Lymneos Insurance Agency Inc.
All Rights Reserved
4258 Washington St, PO Box 148, Roslindale, MA 02131

Tel: 617-327-3870    Tel: 888-492-5373
Fax: 617-327-3885

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