Selecting the right homeowners insurance can be an overwhelming challenge. There are many factors to consider, such as the location and the size of your property, the contents of your home, and even legal requirements for homeowners insurance.
Fortunately, websites like AgentInsure can connect you instantly with a licensed insurance agent in your area who will provide you with a free quote on the best deal for your situation. However, when you speak with your agent, it’s always good to have some understanding of what your homeowners insurance policy should cover.
This past September, the New York State Superintendent of Insurance, James Wrynn, announced the release of the 2010 Consumer Shopping Guide for Homeowners and Tenants Insurance. This easy-to-read guide is full of useful information and helpful tips about homeowners insurance. For example, did you know that homeowners insurance doesn’t cover floods? If you live in an area that’s prone to flooding, you’ll need to purchase a separate flood insurance policy.
The guide addresses issues like the different procedures for deductibles, as well as mandatory requirements for insurance policies depending on location. Coastal areas require particular attention due to varying policy thresholds for exclusion of damages. The Superintendent pointed out that homeowners’ needs change, and people should adapt their insurance to match their needs. This guide, which can be downloaded from the New York State Department of Insurance’s website, will help you ask the right questions of your insurance agent so you know you’ve got the coverage you need.