While you are not legally bound to buy insurance for your home, it is certainly a good idea financially. Homeowners insurance is liability coverage that you purchase from here in case your home is damaged or destroyed due to extreme weather conditions. It also covers medical expenses for anyone who may become injured while inside or outside of your property. And it will also cover the cost of replacing your personal possessions in case someone stole them or they were damaged along with your home.
Fire damage and extreme weather conditions are the reason that most people file claims for damages to their home. The weather is definitely changing across the country so it is important to note the types of weather conditions that are popular in your area. Here are some areas of coverage you should make sure to add to your New York home insurance policy.
- Lightning can strike pretty much anywhere but some places, such as Florida, experience more lightning than other states. Lightning can burn out appliances and electronics in your home and can also be the cause of many fires. Make sure you understand exactly what this coverage includes. To help lower your liability, have a fire alarm system installed in your home. If you have smoke alarms in each room make sure they all have batteries and change them when they beep.
- Even though many storms result in flooding, this weather condition is usually not included in homeowner policies. You can get flood insurance through the New York Property Insurance Underwriting Association. They will ask you where your home is located and how close it is to a fire hydrant and the fire station.
- You should check with your insurance agent to see if your home is covered for wind damage. With more and more hurricanes running along the coast line, it would be a good idea to make sure you have coverage for this.
- Earthquakes are not common in New York but they could occur so you may want to include this coverage in your policy. It would be better to have this coverage and not need it than to not have it and end up paying out of your own pocket.
- Make sure you provide the insurer with a list of all of your personal possessions and keep it up to date. Call your agent whenever you buy a new piece of jewelry or furniture.