LEARN ABOUT HOMEOWNERS INSURANCE
Protection for your home and your belongings
If you own a home or a condominium, you need a policy that will provide coverage for the value of the buildings or part of a building that you own, your contents and your personal liability exposures.
A renter’s policy will protect your personal property and your personal liability exposures.
Homeowners and Renters Coverages
Building (Dwelling) Coverage
Be sure your insurance covers the full replacement value of your home so that losses, partial and total, will be paid without a penalty – other than the policy deductible. We’ll review with you what types of losses are covered, which are not, and what additional coverages you may want to consider.
Personal Property (Contents) (provided under ALL forms – owners or renters)
Your personal property such as clothes, tables, chairs, beds, etc. are covered anywhere in the world. If you own a home 50% of your dwelling value is included for your personal property. More can be purchased, if needed. If you are a renter or condo owner, you must choose how much coverage you will need. We’ll talk with you about what limitations are right for you.
Loss of Use (provided under ALL forms – owners or renters)
When your property is damaged by a covered loss, you may have to go somewhere else to live until repairs can be made. You may also have to spend extra money for other things such as eating or driving to work. Your homeowner policy will provide you with a certain amount of money to pay these additional expenses.
Taking a Home Inventory
You never know when a disaster may strike—but you can be prepared with a home inventory.
Know Your Stuff® – Home Inventory, the Insurance Information Institute’s free online home inventory software. This application makes creating and updating your home inventory easy and efficient. And with our free, secure online storage you will have access to your inventory anywhere, any time. You never know when a disaster may strike, but you can be prepared with an up-to-date home inventory.
Homeowner Insurance Discounts
Despite what some insurance companies say, there are many carriers that offer a variety of discounts, including:
A Good Credit Score
Most insurance carriers base (some of) their pricing on your credit score. Maintain a solid credit history. According to the NYS Attorney General “It is easy for New York State residents to track their credit histories. A provision in the Fair and Accurate Credit Transaction Act allows consumers to receive free copies of their credit report annually.” Reports can be ordered at any time from one of the three major credit bureaus: Experian, TransUnion and Equifax. Requests from each company can be made simultaneously, or staggered throughout the year.” www.annualcreditreport.com or 1-877-322-8228
Smoking accidents account for more than 23,000 residential fires every year. If no one in your home smokes, you may be entitled to this discount.
Seniors and Retirees
Seniors may be able to save up to 10% off their policy.
Not only do you save on your homeowners insurance, but your car insurance as well – sometimes up to 20%.
Alarm Systems/Dead Bolts.
Keeping your home safer translates into savings.
A permanently installed generator will not only keep you up and running, but your home policy may offer a discount.
Smoke Alarms and Carbon Dioxide Monitors
They not only save lives, they can save you money, too!
New Home Purchase Discount
A copy of your closing statement will entitle you to a homeowners discount.
Newer Home Construction
Homes of new or newer construction are usually discounted
Renovated Older Home Credit
For older homes updating your utility services will offer you a discount with many insurance carriers.
Certified Green Home Credit
Click here to read more.
Paid in Full Credit
Avoid service charges from monthly payment plans and the net cost of your home insurance is less!
Electronic policy delivery and billing options
Not for everyone, but these options may save not only trees, but money as well
Claims Free and Higher Property Deductibles
Increasing your property deductible or “self insuring” for the small losses will keep your policy “Claims Free”.