New Yorkers must insure their home. While insurance can be costly, there are many options available. It's important that you evaluate and compare all the options available to find the best policy for your needs.
Homeowners Insurance is designed to protect your belongings and your responsibility in the event you are injured. Many policies include coverage for theft, vandalism and weather-related damage. Wind, fire, earthquakes, and other common perils are all things you want to protect. Many policies also offer coverage for losses from natural events like hurricanes or tornadoes.
If you're in the market for a new homeowners insurance policy, you'll find that there are several companies that offer competitive pricing and quality service. 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. 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 great option. They are among the cheapest providers in the state and offer a wide variety of unique coverage options. They also offer car and renter 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. They offer personal property coverage, guaranteed replacement costs, and loss-of-use coverage. A deductible-free policy is available for rebuilding your home.
Different policies will have different recommendations for the best New York homeowners insurance companies. Some will insure only high-value properties, while others won't. It's crucial to assess your needs as well the geography of your property.
MoneyGeek's list of top NY homeowners insurance companies was based on affordability, financial stability, and service. State Farm scored highest in all of these categories when compared with other insurers.
Liberty Mutual is also a great choice, though it does not provide public data on its claims. Although it does not have an extremely low premium, its homeowners policy covers fire, water damage, and theft. Also, its emergency home repair services are available seven days a week.
Chubb's homeowners policy is also a great 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. However, the rates are 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. Additionally, the policy provides additional protections for valuables such jewelry and fine artworks.