If you live in New York, you'll need to insure your home. While insurance can be costly, there are many options available. It is important to evaluate all options and choose the right policy for you.
Homeowners insurance covers your personal belongings as well as your liability in case of an accident. Many policies include coverage for theft, vandalism and weather-related damage. Some of the more common perils that you'll want to protect against are wind, fire, and earthquakes. Many policies also offer coverage for losses from natural events like hurricanes or tornadoes.
If you are looking to purchase homeowners insurance, there are many options available. We have reviewed top providers in the state, so that you can find the right choice for your needs.
Allstate is a good choice for those who are looking for a comprehensive insurance 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 excellent company to look into. They are amongst the most affordable providers and offer a wide range of unique coverage options. Aside from standard homeowners insurance, they offer renters and car 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. Erie Insurance offers personal property coverage as well as a guarantee replacement cost and loss of use coverage. Moreover, they have a deductible-free policy for rebuilding your home.
Different policies will have different recommendations for the best New York homeowners insurance companies. For example, some companies will only insure homes with high values, while others may not. It is important to take into account your individual needs and the location of your home.
MoneyGeek's ranking for the best NY homeowners insurers was based on affordability and financial stability. Compared to other insurers, State Farm scored the highest on each of these factors.
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, which is more comprehensive and doesn't have a deductible requires, pays for any repairs to your house that exceed the policy's limits. Its rates, however, are very high.
Finally, Amica is one of the top companies for homeowners insurance in NY. Amica is a highly rated insurer with a high level of customer satisfaction. The policy offers a wide variety of coverages from personal property to loss. Additional protections are available for valuables like jewelry and fine arts.