New York Property Insurance for Homeowners

Some people do not get the insurance coverage they expect nor understand the coverage they are paying for. Homeowners may make assumptions about their insurance coverage without understanding the specifics of their New York property insurance. As a homeowner these insurance tips may help to clear up some of the mysteries surrounding your insurance policy.

You may be wondering if you have enough insurance on your home. The policy value for your property (the building) should be equal to what it would cost for rebuilding your home. Review your policy every couple of years (or more frequently) to account for inflation and discuss any changes required with your agent.

After reviewing your coverage, you might feel that you need to increase coverage for personal belongings. Coverage limits for personal belongings are usually set to a percentage of the insurance amount on the dwelling. Make a call to your agent to increase or decrease personal belongings coverage as needed.

Make sure you have enough coverage for valuable personal items such as expensive artwork or jewelry. A basic policy may not provide enough coverage for an expensive piece of jewelry for instance. Talk to your agent about scheduling special items for adequate coverage.

Reviewing your New York property insurance policy every year or so is important for keeping coverage levels up to date. Contact your agent with any questions or concerns you may have about your policy.

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