Protecting Your Home
We can write primary residence homeowners in waterfront homes in a New York admitted market.
For most people, their home is their most important asset. Properly protecting your home and its contents is basic to your family’s financial well being.
Policies are available for those who own a home, coop or condo, and for those who rent. Coverage will include the portion of the physical structure(s) that you own and your personal property. Your policy will also provide liability protection if others are injured on your property, and living expenses if your home is damaged or destroyed.
There are several essential coverages that are specifically not included in a basic homeowners policy, and require a separate policy or endorsement:
- Coverage for valuables such as jewelry or works of art is severely limited unless covered by a separate endorsement.
- Many hazards associated with a home business are not covered without a special endorsement.
Flood Insurance
Flood insurance is another coverage that is not included with your homeowner’s or renter’s policy, and must be purchased separately.
On Long Island, the risk of flood damage is higher than in many other areas, due to the proximity to the ocean and the Long Island Sound. However, even if you live in an area that is not flood prone, your home can be at risk during severe storms.
All flood insurance is underwritten by the federal government. Given the size of the potential loss and the reasonable cost of coverage, most homeowners should consider adding this important protection.
One of the most popular tools from FloodSmart.gov is now available on our website. The Cost of Flooding tool shows consumers just how costly a few inches of water can be, from one to 18 inches. Click Here to see what can happen if a flood hits your home.
Umbrella Insurance
No one expects to be sued. But if you are, the financial impact can be devastating.
An umbrella policy provides you with far-reaching coverage that is in addition to your normal policy limits, adding the valuable protection you may need if you are held liable when someone is injured.
The coverage even extends to provide protection for other financially-crippling non-business related liability claims such as defamation of character, libel, slander and false arrest.