New Yorkers must insure their home. Although insurance is expensive, there are many options. It's crucial to review and compare the coverage options before you choose the policy that is right for you.
Homeowners Insurance is designed to protect your belongings and your responsibility in the event you are injured. 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.
You'll find many companies offering competitive pricing and high-quality service if you're looking for homeowners' insurance. We've reviewed the top providers in the state to help you choose the best option for your needs.
Allstate is a great choice for anyone looking for a comprehensive policy. This provider offers discounts that include a multi-policy discount. This insurer also has a high customer satisfaction rating and provides homeowners with a variety of unique add-ons.
State Farm is another great company to consider. They are one of the most affordable providers in the state, and they offer many unique coverage options. Apart from homeowners insurance, they also offer renters and auto insurance. They can customize a policy to suit your individual needs, whether you are a first-time home owner or have been in your home for years.
Erie Insurance is another good choice for those who need more than just 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.
The best companies for homeowners insurance in New York will vary from policy to policy. For instance, some will only insure high-value homes, while others will not. It is important to take into account your individual needs and the location of your home.
MoneyGeek's rating of the top NY homeowners insurance providers was based upon affordability, service and financial stability. Compared to other insurers, State Farm scored the highest on each of these factors.
Liberty Mutual is also a great choice, though it does not provide public data on its claims. It does not have a high premium but its homeowners policy covers theft, fire and water damage. It also offers emergency home repair services seven days a semaine.
Chubb's homeowners insurance policy can also be a good option. The standard policy provides more coverage, has no deductible and covers repairs to your home beyond your policy's limits. The rates are however high.
Finally, Amica is one of the top companies for homeowners insurance in NY. The insurer boasts a strong customer satisfaction rating. They offer a broad range coverages, from personal property to loss of use. Additional protections are available for valuables like jewelry and fine arts.