Homeowners Insurance

• Alarm with central station
• Non-smoking credit
• Good Credit history
• Located 1/3 of a mile from water

What to Consider -When buying Homeowners Insurance

Replacement Value of Your Home

To ensure that your home is rebuilt to the same standards used in the original construction. The quality of materials will be the same and your house will be as close as possible to before the loss.

Personal Liability

Will Cover you in a lawsuit if anyone sues you for damages including the legal expenses in defending the lawsuit. This amount may vary according to the value of any assets you may own.

Amount of Personal Property Coverage

If your personal property is damaged, the insurance company will replace it by either of 2 calculations: Actual Cash Value (ACV) & Replacement Cost (RC). RC ensures replacement of your personal property with no deduction for depreciation and ACV will deduct depreciation and pay less for your covered personal property.

* Discuss any expensive possessions such as jewelry, collectibles or artwork because they may need to itemized and insured separately at a low additional charge.

Standard New York Home Insurance Coverages

Dwelling: A standard New York homeowners insurance policy should include enough dwelling coverage to pay for the replacement of your home if it is damaged by a covered loss.

Other Structures: Other structures such as detached garages or sheds regardless of where they are located on the property would also be covered under a standard New York home insurance policy

Contents/Personal Property: A New York home insurance policy for a primary residence will provide coverage for the contents of your household including furniture, electronics, clothing and other personal belongings.

Loss of Use: If your New York home is damaged in a covered peril, ‘Loss of Use’ coverage will pay for an alternative accommodation and living expenses while you are unable to live in your primary residence.

Personal Liability Protection: In New York, your standard homeowners insurance policy will typically provide coverage against a lawsuit where you have caused damage or bodily harm to another person or their personal property.

Medical Payments: or “Med Pay”, Reimburses anyone other than you or a family member for medical bills if someone gets hurt on your property and a lawsuit is not involved.

Special Coverages

Many other homeowners items such as pools, fences, outbuildings, ect., are only covered minimally by a standard homeowners policy consider there value and mention it when you speak to a representative and we can help you determine what coverage is right for you.