Homeowner’s insurance is not a New York State requirement — however, if you have a mortgage, your financial institution will required an insurance policy. While not a requirement for many people, disasters and other unexpected losses can occur at any time making homeowners insurance a necessity for the protecting of your home.
Our agents do not believe homeowners need to navigate to complexities of their insurance. With over 20 years’ experience, we will do the heavy lifting for you and find the most comprehensive insurance at affordable rates. In addition, we’ll offer options bundling for your auto and homeowners insurance that help you save money.
Let us protect your home and find ways to save money by requesting a homeowner’s insurance quote.
Information about Homeowners Insurance
Disclaimer: The information provided below is provided for general informational and educational purposes only and does not constitute legal advice. It is not intended to be all-inclusive. You should not act or rely on any information contained without first seeking the advice of a professional. Further, any hyperlinks contained in this Guide to outside resources on the Internet are provided as informational; Kevin Nilsen Insurance Agency does not endorse these sites.
Basic Homeowners Policy
This policy generally insures your home and contents against only the following listed perils:
- Fire, lightning and smoke damage
- Windstorm and hail
- Burglary and theft
- Glass breakage
- Vehicle or aircraft damage
- Riot and civil commotion
- Vandalism and malicious mischief
- Bodily injury
- Damage to property of others
- Civil judgments
- Medical payments
- Personal property (at home)
- Personal property (away)
- additional living expense (if forced to live away from home temporarily)
Broad Form Policy
This policy generally insures your home and contents against the perils in the Basic Policy and other additional perils such as:
- Falling objects
- Weight of ice, snow and sleet
- Damage resulting from an accidental discharge or overflow of water or steam from within a plumbing, heating, air conditioning or automatic fire sprinkler system
- Freezing of plumbing systems
- Electrical damage to appliances
Special Policy Form
This policy is the most widely used policy by homeowners’ insurers. It covers your home for all risks of physical loss, except those that are specifically excluded in the policy, such as flood, earthquake, war, nuclear accident, etc. If you want to take out a mortgage on your home, your lending institution may require you to purchase this type of policy.