Hurricane Sandy did $19b of damage to the city in 2012! Many people (my family included) lost their coastal homes and were shorted 100’s of thousands of dollars from big-name insurance carriers that also raised rates. We were offered $16,000 for shingles on a demolished $2m+ beach house. With 520 miles of coastline, NY has more people living in high-risk areas than any city in the USA. Now there’s a homeowner’s insurance solution, here’s why:
- One of our insurance carriers just dropped NYS rates over 30%. Some places in NYC by 38% off of already competitive rates to gain market share!
- They don’t care how near or far away you are from the water!
- My analyst who tracks this says they are the lowest NY rates he has seen in his 20+ year career!
- Product features include liability up to $1mil. Water back-up up to $25,000 on the policy. Home system protection (covers the pipe that runs under the ground from home to city line). 90% of big name carriers don’t cover it. Equipment breakdown coverage includes mainly hot water heaters, boilers, and central AC units that malfunction due to blackouts.
- All new clients will keep low rates the 2nd year as the carrier will revise new business rates based on their market share and loss ratios.
- This carrier will also work very well for 2 family homes as long as they are owner-occupied.
- The ONLY homes they won’t write are; Flat roofs, non-owner occupied and Fire Island homes. Rates are slightly credit driven.
The time to shop is NOW, don’t wait for your renewals!