If you live in New York, you'll need to insure your home. Although insurance is expensive, 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 for you to cover your belongings, as well your liability in the unfortunate event of an incident. Most policies will also include coverage for theft, vandalism, and weather-related damages. Wind, fire, and earthquakes are some of the most common perils you will want to be protected against. Many policies also offer coverage for losses from natural events like hurricanes or tornadoes.
There are many companies that can offer quality service and competitive pricing for homeowners who are in search of new insurance. We've compared the top providers to help you find the best one for your needs.
Allstate is a great option for those seeking a comprehensive policy. This provider offers discounts that include a multi-policy discount. Additionally, this insurer has an outstanding customer satisfaction rating and offers a number of unique add-ons for homeowners.
State Farm is another great company. They are amongst the most affordable providers and offer a wide range of unique coverage options. They also offer car insurance and renters insurance. Whether you're a first-time homeowner or have lived in your house for years, they have a policy to fit your specific needs.
Erie Insurance is another great option for people who need more than basic home insurance. The policy covers personal property, loss of use, replacement cost and guaranteed replacement cost. Additionally, you can rebuild your home without paying a deductible.
Each policy will determine which company is the best for homeowners insurance in New York. Some will insure only high-value properties, while others won't. You need to think about your own needs as well your location.
MoneyGeek's selection of the best NY homeowners insurance companies was determined by affordability, service, as well as financial stability. State Farm scored higher than other insurers on all three of these criteria.
Liberty Mutual is also an excellent choice, even though it doesn't make available public data on claims. The homeowners policy, which has a low premium, covers theft, water damage and fire. You can also call the emergency services for your home seven days per week.
The homeowners policy from Chubb is also an excellent choice. The standard policy is more comprehensive and does not require a deductable. It also pays for repairs to your residence that are beyond the limits of your policy. The rates are however high.
Amica is considered to be the most popular company in NY for homeowners' insurance. Amica has a high customer satisfaction rating. It offers a wide range of coverages, including personal property and loss of use. Additionally, the policy provides additional protections for valuables such jewelry and fine artworks.