If you live in New York, you'll need to insure your home. There are many choices, even though insurance costs can be expensive. It's important that you evaluate and compare all the options available to find the best policy for your needs.
Homeowners insurance protects your possessions and liability in the case of an injury. Most policies provide coverage for theft and vandalism as well as weather-related damages. Wind, fire, and earthquakes are some of the most common perils you will want to be protected against. Many policies also cover damage caused by natural events such as tornadoes or hurricanes.
If you are looking to purchase homeowners insurance, there are many options available. We've reviewed the top providers in the state to help you choose the best option for your needs.
Allstate is a good choice for those who are looking for a comprehensive insurance policy. This provider offers a variety of discounts, including a multipolicy discount. This insurer has a stellar customer satisfaction score and offers many unique add ons for homeowners.
State Farm is another great option. They are among the lowest-priced providers in the state and provide a variety of 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 great option for people who need more than basic home insurance. Their policy provides personal property coverage, as well as guaranteed replacement costs and loss of usage coverage. Additionally, you can rebuild your home without paying a deductible.
The best companies for homeowners insurance in New York will vary from policy to policy. For example, some insurance companies will only cover high-valued homes while others will not. You must consider your personal needs as well as the geographic location of your house.
MoneyGeek's list of top NY homeowners insurance companies was based on affordability, financial stability, and service. State Farm scored higher than other insurers on all three of these criteria.
Liberty Mutual is another great option, although it doesn't provide any public data about its 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.
Chubb's homeowners insurance policy is also a good 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. Its rates, however, are very high.
Amica is a top-rated company for homeowners insurance in New York. The insurer enjoys high customer satisfaction ratings and offers a wide range insurance coverages, including loss of use and personal property. Additionally, the policy provides additional protections for valuables such jewelry and fine artworks.