If you live in New York, you'll need to insure your home. Insurance can be costly, but there are many options. It's important to compare and evaluate the coverage available and to choose a policy that's right for you.
Homeowners insurance is designed to cover your belongings and your liability in the event of an accident. Most policies also cover theft, vandalism, or weather-related damages. Some of the more common perils that you'll want to protect against are wind, fire, and earthquakes. Many policies also cover damage caused by natural events such as tornadoes or hurricanes.
If you're in the market for a new homeowners insurance policy, you'll find that there are several companies that offer competitive pricing and quality service. We have reviewed the most popular providers in the state so you can choose the right one for you.
Allstate is an excellent option for those looking for a comprehensive policy. This provider offers discounts that include a multi-policy discount. This insurance company has a great customer satisfaction rating, and also offers homeowners a number unique add-ons.
State Farm is another great option. They are among the cheapest providers in the state and offer a wide variety of unique coverage options. They offer insurance for renters as well as car insurance. They have the policy that suits your needs, no matter if you are a first-time homeowner and/or have been living in your home for many years.
Erie Insurance is another option for those who require more than standard home insurance. Their policy includes personal property coverage, a guaranteed replacement cost, and loss of use coverage. A deductible-free policy is available for rebuilding your home.
There will be a wide range of companies offering homeowners insurance in New York. For example, some insurance companies will only cover high-valued homes while others will not. Ultimately, it's important to consider your own individual needs, as well as the geography of your home.
MoneyGeek's rating of the top NY homeowners insurance providers was based upon affordability, service and financial stability. State Farm scored highest in all of these categories when compared with other insurers.
Liberty Mutual is also an excellent choice, even though it doesn't make available public data on claims. Even though it has a relatively low premium, the homeowners policy provides protection against theft, fire, water damage, as well as theft. You can also call the emergency services for your home seven days per week.
Chubb's homeowners insurance policy is also a good choice. The standard policy offers more coverage and no deductible. Additionally, it pays for damages to your home that are greater than your policy's limits. The rates are however high.
Finally, Amica is one of the top companies for homeowners insurance in NY. The insurer has a very strong customer satisfaction rating and offers a broad range of coverages, from loss of use to personal property. It also offers additional protection for valuables such as jewelry or fine arts.