subject: What You Should Know About New York Home Owner Insurance [print this page] What You Should Know About New York Home Owner Insurance
New York is one of the United States' prime cities. The city has among the highest cultural diversity and the diversions one can engage in is just as, well, diverse. The large population and an equally large want to live in the city resulted to real estate being highly valued. Now, since owning a home in New York is no joke, what with threats of quakes, winds and, let's face it, crime, it is important that you get home owner insurance.
Here is what every one needs to know when looking up New York home owner insurance policies. There are basically two sets of 'rules' that can affect your insurance quote. The first set is about the general recommendations. The second set is for New York-specific tips.
General Home Owner Insurance Tips
1. For newer houses and newly renovated homes, premium is less. The logic behind this is that houses in this condition are in excellent shape.
2. Homes with security and fire alarm systems are also considered low-risk. So, the premiums paid toward the insurance of the homes will be considerably reduced.
New York Home Owner Insurance Tips
1. In New York, depending on the location, homes are subject to threats of earthquakes, winds and crime. Check out your perils policy. Is it peril-specific or is it all-encompassing? You should be sure about what is covered. Peril-specific policies are cheaper but you never really know what can happen. Find out the risks (wind, fire, crime, quakes) that your house or your location will be subjected to and take it from there.
2. If your house is located in coastal New York, there is even more reason to get good coverage. You'll pay less if yours is a brick house because they are more resistant to wind damage. Frame houses aren't that strong against the wind.
3. It's quite the opposite in the west side, where earthquakes have been known to cause some damage. Brick houses will command more premiums, compared to frame houses. Note that standard insurance policies may not cover earthquake damage and you probably need to get a separate policy to get this covered.
That's just some of the insurance-rate-related things you should look into. People say how everything can happen in New York. And when something does happen, it counts when you are sufficiently covered with home owner insurance.
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