Your home is likely your biggest asset and
it is important to have it properly protected with a comprehensive Homeowners Insurance Policy.

A homeowners insurance policy will provide
protection from the following perils:

Our homes are our greatest asset and protecting our residences and personal property is the primary reason for having a comprehensive homeowners insurance policy. There are many reasons for having this coverage. Should the ‘worst’ happen and your residence is destroyed, insurance proceeds can underwrite the rebuilding process. Additionally, it provides liability coverages against legal actions from injury or damages to others while on your property. Also, as you may remember, prior to closing on your home your mortgage lender required proof of homeowners insurance. Having the right New York State and Long Island homeowners insurance is that important!

However, in the insurance business, there is no ‘one size fits all’. Here you’ll find an overview of the types of homeowners insurance for Long Island, and New York State residents (as well as in the additional 18 states we are licensed to serve) that will best serve most coverage requirements. To begin, there are mainly two types of homeowners insurance policies for you to choose from: An Actual Cash Value policy or a Replacement Cost Policy.

ACTUAL CASH VALUE INSURANCE POLICY

Pays for the cost to replace your damaged property minus depreciation.

REPLACEMENT COST INSURANCE POLICY

Pays for the repair or replacement of damaged property with materials of similar kind and quality. Depreciation will not be deducted from a replacement cost policy.

Your Homeowners Insurance policy will provide the following coverage(s):

1. FAMILY LIABILITY PROTECTION

Will pay for any bodily injury or property damage that you, your household members, or your pets may have caused to other people.

2. DWELLING PROTECTION

Will pay for the damage to the structure of your building as defined on your Policy Declaration.

3. PROTECTION FOR STRUCTURES OTHER THAN YOUR HOME

Will pay for damage to structures that are separated from the dwelling, such as a detached garage, gazebo or fencing.

4. WATER BACK-UP OF SEWER

Will pay for damage due to water backing up through sewers or drains.

5. PERSONAL PROPERTY INSURANCE

Will pay for movable property such as a stereo, bicycle, or furniture. Most homeowner’s policies set special coverage limits for movable property. However, you can increase the limits of specific pieces of property under the scheduled personal property portion of your policy.

6. GUEST MEDICAL PROTECTION

Will pay for necessary medical expenses for your guests who are accidentally injured on your property, regardless of who was at fault.

7. ADDITIONAL LIVING EXPENSES

Will pay for a reasonable increase in living expenses if your home becomes uninhabitable because of a covered loss. This may include payments for a hotel or food.

8. SCHEDULED PERSONAL PROPERTY

Will pay for your scheduled high valued property items, such as jewelry, watches, furs, sports equipment, paintings, or stamp and coin collections.

All Homeowners Insurance Policies Are Not Created Equally

Get the BEST Protection for your Home

When comparing Long Island home insurance policies, always check to make sure the coverage is equal. This doesn’t just mean the amount that your property itself is covered for but includes extra features like sump pump protection, storm protection, freezing damage, and more. Also, make sure the deductibles are equal, and there are no additional features that you’re paying for that aren’t relevant to your property. The best kind of homeowner’s insurance will meet all of your needs without adding coverage you don’t need, in other words, it’s a highly customizable policy.

Homeowners Insurance Claims and Help

Something else to consider when purchasing homeowners insurance of any kind is what the service will be like when a claim is submitted. Will the company respond quickly about repairs and replacements, or putting cash in your hands? Will you have a dedicated representative to walk you through the claim process from start to finish? These are important questions to ask of any insurance agency.

When you are considering home insurance companies on Long Island and across the state, contact the agency your neighbors and friends have relied on for decades: The Grillo & Associates Agency. Our team will make certain that no detail is overlooked and that your questions and concerns are fully addressed. We invite you to schedule a confidential consultation where we can assess your requirements and tailor an affordable policy or policies to completely cover your homeowners insurance requirements. Need to know now? There’s no reason to search online for ‘homeowners insurance quotes long island ny’.

Just give us a call at 800-772-0627. We also provide insta-quotes for Homeowners, Auto, and General Liability coverages, too!

Did you know? Grillo & Associates are licensed to write policies in 19 states including New York! You’ll find the complete list below:

We make getting an insurance quote easy.

Click on “Get A Quote Now” or call us at 1-800-772-0627 or (516) 798-0320. Speak with one of our team members about your insurance needs.

Grillo & Associates has a reputation of providing excellent service.

Contact our office today. Our team of specialists will assist you in determining what policy would be best suited for your insurance needs.

Read more about insurance here.