Home Insurance in New York

Buying your first New York home is one of the most exciting events in your life. A great deal of responsibility comes with homeownership, such as keeping up with your mortgage payments, making repairs when necessary, and protecting your investment. The best way to ensure your investment is protected is to purchase a home insurance policy.

If you are worried that a home insurance policy isn't worth the cost, you should consider why you should have it.

Satisfy Your Mortgage Lender

Home insurance isn't a legal requirement in New York; however, your lender will require you to have home insurance if you are paying a mortgage.

If something happens and your home is destroyed, the lender will want to ensure your home is protected, ensuring they will get their money.

Protects Against Lawsuits

If someone is injured in your home or on your property, they can file a lawsuit against you to cover the cost of their medical bills, lost wages, and pain and suffering, which could cost you everything.

If you have home insurance, it will cover the cost of the victim's damages, preventing you from being sued.

Loss Protection

If your home is damaged or destroyed due to a fire, tornado, or hurricane, the cost to repair or replace your home could be more than you can afford. Fortunately, home insurance will cover the cost to repair or replace your home. If you have enough coverage to cover the cost to replace your home if something happens, you won't need to worry if disaster strikes.

Replace Your Belongings

If your belongings were destroyed during a covered event, home insurance would cover the cost to replace everything that has been destroyed. This includes appliances, furniture, clothing, and other possessions in your home.

If something expensive is stolen outside of your home, it would also be covered. For example, if you left your laptop in your car and it is stolen, you can file a claim with your home insurance to have the laptop replaced.

Loss Of Use

If your home is damaged or destroyed in a covered loss and is uninhabitable, you will need to find a place to stay until the house is repaired, which can be expensive. Fortunately, your home insurance policy will reimburse you for your lodging, food, and any other costs associated with being displaced.

As soon as you close on your New York home, you should call Walker & Associates Insurance Agencies Inc in Wellsville or Fillmore, NY. Our agents can help you purchase a policy with adequate coverage to ensure your home and family are protected.

To get your policy started, give us a call or visit our Wellsville or Fillmore, NY office today.