New Yorkers must insure their home. While insurance can be costly, there are many options available. It is important that you compare the coverage and select the policy that best suits your needs.
Homeowners insurance protects your possessions and liability in the case of an injury. Most policies also cover theft, vandalism, or weather-related damages. Wind, fire and earthquakes are just a few of the common perils that you should protect yourself 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 compared the top providers to help you find the best one for your needs.
Allstate is an excellent option for those looking for a comprehensive policy. The provider offers many 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 excellent company to look into. They are amongst state's most affordable providers, with a wide array of unique coverage options. They also offer car and renter insurance. No matter whether you're a first homeowner or an experienced homeowner, they can tailor a policy to meet your needs.
Erie Insurance can be another good option for those looking beyond standard home insurance. Their policy includes personal property coverage, a guaranteed replacement cost, and loss of use coverage. They also offer a no-deductible policy to rebuild your home.
Each policy will determine which company is the best for homeowners insurance in New York. One company may only offer high-value insurance, while another will not. You must consider your personal needs as well as the geographic location of your house.
MoneyGeek's rating of the top NY homeowners insurance providers was based upon affordability, service and financial stability. 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. While it doesn't have a very low premium homeowners insurance covers fire, theft and water damage. It also offers emergency home repair services seven days a semaine.
Chubb's homeowners coverage policy is also a solid choice. Its standard policy is more comprehensive, doesn't require a deductible, and pays for repairs to your home that exceed your policy's limits. The rates are however high.
Finally, Amica is one of the top companies for homeowners insurance in NY. Amica has a high customer satisfaction rating. It offers a wide range of coverages, including personal property and loss of use. The policy also includes protections for jewelry and fine art.