NYC Business Group Insurance Blog

Tuesday, August 02, 2022 | NYC Business Group

Understanding Reconstruction Costs and Your Homeowners Insurance

Understanding your homeowner’s insurance is crucial because such knowledge comes in handy when disaster strikes. The first component of your homeowner’s insurance is Dwelling coverage, also known as Coverage A. This coverage protects your home and any attached structures, for example, the deck or attached garage. When setting the Dwelling coverage amount, avoid choosing your home's current market value or purchase price! It is essential to understand that the reconstruction costs refer to…

Friday, July 29, 2022 | NYC Business Group

7 Factors that Affect the Cost of Homeowners Insurance

Homeowners can pay more or less depending on various factors like location, square footage, and lifestyle. Understanding what insurers use to determine your premium is crucial to choosing the right insurance company and coverage options. Factors that affect the cost of your homeowners insurance include:

Wednesday, July 27, 2022 | NYC Business Group

What Landlords Need to Know About Rental Property Insurance

If you are a landlord, you should know about rental property insurance. Renting out a residential property comes with specific responsibilities like protecting yourself financially. Assuming homeowners' insurance will cover all the damages when a disaster hit is very wrong. Landlords must have the appropriate rental insurance.

Thursday, July 21, 2022 | NYC Business Group

What are Insurance Premiums, Policy Limits and Deductibles?

Buying the right insurance coverage can be difficult, especially if you don't understand certain terms. Understanding basic insurance terms can make the difference between choosing the right coverage and paying thousands of dollars for coverage you don't need. Before you start shopping around for an insurance policy, take your time to understand the following insurance terminologies:

Tuesday, July 19, 2022 | NYC Business Group

7 Signs You Need to Switch to a New Insurance Company

Most people do not change their insurance companies even if they are not getting their money’s worth from the current insurance provider. If you are unhappy with your current insurance company, it is time to switch to a new insurance provider. However, how do you know when you should switch? Here are 7 reasons why you need to switch to a new insurance company:

NYCBG Insurance Blog

Understanding Reconstruction Costs and Your Homeowners Insurance

7 Factors that Affect the Cost of Homeowners Insurance

What Landlords Need to Know About Rental Property Insurance

What are Insurance Premiums, Policy Limits and Deductibles?

7 Signs You Need to Switch to a New Insurance Company

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