7 reasons New Yorkers should shop homeowners insurance now!

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:homeowners insurance new york disaster

  1. 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!
  2. They don’t care how near or far away you are from the water!
  3. My analyst who tracks this says they are the lowest NY rates he has seen in his 20+ year career!
  4. 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.
  5. 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.
  6. This carrier will also work very well for 2 family homes as long as they are owner-occupied.
  7. 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!