East Hampton NY Homeowner Insurance Rates

East Hampton NY Homeowner Insurance Rates2018-06-01T10:22:42+00:00

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Nassau County Home Insurance

East Hampton NY Home Insurance

Are you in the process of buying a new home or investment property and need home or flood insurance? Look no further—our insurance experts will give you the best rates in East Hampton in minutes. All you have to do is fill out our simple no-obligation form. Coastal Insurance saves time & money for our East Hampton clients by offering them the most affordable quotes–Fast and Free!

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I have used Allstate for my homeowners insurance for over 12 years. After buying my second home in mount sinai, my real estate broker recommended Coastal Insurance Solutions. I gave them a call and I was able to save 30% from my current home insurance package. Great rates! Staff is super helpful!

David Montalvo

I have been using this company for my auto insurance for years now with no complaints and only positive things to say. My rep Daniel Gorman is as professional as they come. He has always gone the extra mile to save me money on my insurance, and if needed will return my calls and emails on the weekends if I have any questions. I highly recommend this company, 5 stars across the board!

Tom Sullivan

I was researching options for lower homeowners insurance and looking for a local agent. Daniel Gorman was extremely responsive to my request, without being pushy. He presented me with several viable options and suggested a conversation take place with my current agent to get a comparison. End result was more appropriate coverage for my needs at reduced costs. I highly recommend him to anyone looking for new insurance options.

Taina Unverzagt

We have dealt with the agent, Eric Holle, who answered all our questions and walked us through the application process for a homeowners insurance policy.  He did this with patience and personal attention.  He was  most accommodating and took care of our insurance needs in a very timely manner.  Thank you Coastal Homeowners Insurance Company.

Josephine

Agent goes above and beyond to accommodate client’s budget and needs. Knowledgeable, courteous and professional; responds to queries in a timely manner. My agent, Dan Gorman, able to get me a better quote on a home insurance, great saving

Michele

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Common Homeowners Insurance Discounts

  • New Homes may enjoy discounts up to 14%.

  • Security Systems such as deadbolt locks, simple alarm systems, and smoke detectors may reap discounts from 1-5%. Sophisticated monitoring services and integrated sprinkler systems may reduce your premiums as much as 20%.

  • Combined Policies: If you combine your automobile and homeowner policy with the same carrier you may obtain discounts from 5% to 15%.

  • Carrier Longevity: If you maintain your coverage with the same carrier for a number of years they will usually reward you with a discount.

  • Retired Homeowner: On average stays home longer and may be rewarded with a 5% discount.

  • Non-smoker: Some carriers reward non-smokers a 5% discount.

  • New Homes may enjoy discounts up to 14%.

  • Security Systems such as deadbolt locks, simple alarm systems, and smoke detectors may reap discounts from 1-5%. Sophisticated monitoring services and integrated sprinkler systems may reduce your premiums as much as 20%.

  • Combined Policies: If you combine your automobile and homeowner policy with the same carrier you may obtain discounts from 5% to 15%.

  • Carrier Longevity: If you maintain your coverage with the same carrier for a number of years they will usually reward you with a discount.

  • Retired Homeowner: On average stays home longer and may be rewarded with a 5% discount.

  • Non-smoker: Some carriers reward non-smokers a 5% discount.

Homeowners Insurance Basic Coverages

Coverage A: Dwelling

Coverage A is the basis for your homeowners insurance policy, covering the cost of rebuilding your house itself, but also becoming a basis for other types of coverage on your policy. When you bind your home insurance policy, your agent will assist you to determine the cost of rebuilding your home with like materials in the event of a total or partial loss. In most cases, this becomes your coverage A coverage limit. Attached systems, such as air conditioning and heating systems, are also covered by dwelling coverage. If you’ve made any major changes to your home be sure your agent is made aware so that this coverage amount can be adjusted to keep you fully covered.

Coverage B: Other Structures

Many homes have fences, gazebos, sheds, or even barns on the property. These unattached structures are covered under Coverage B, coverage for other structures. In most cases the default coverage amount for Coverage B is set at 10% of the coverage your Coverage A limit. If the structures on your property will be expensive to rebuild or if you’ve added new structures on your property be sure to discuss your coverage limits for other structures with your agent.

Coverage C: Personal Property

Personal property coverage is protection for the things inside of your home that are not attached to your home. For most households, this would include clothing, furniture, electronics, and perhaps some valuables. It’s important to note that valuables, such as jewelry, furs, musical instruments, and other similar items have limited coverage on your home insurance policy unless they are specifically insured by adding them to your policy individually.

Most home insurance policies also provide coverage for personal property based on actual cash value. What this means is that your personal belongings that are damaged in a covered claim are paid based on a depreciated value due to wear and tear as well as age. Coverage for full replacement cost is available on some policies for an additional premium but is often worth the extra investment because your personal belongings are then covered for the full cost of purchasing another item of like kind and quality.

Coverage D: Additional Living Expenses

Whether due to fire, water damage, falling tree limbs, or another type of covered claim, homes can sometimes be damaged in ways that make them temporarily uninhabitable. While your home is being repaired or rebuilt, you may have additional expenses for temporary housing in hotels as well as additional costs for eating out. Coverage D, additional living expenses, can pay the difference between your normal cost of living and the higher costs associated with being temporarily displaced from your home due to a covered claim.

Coverage E: Personal Liability

You and your family members who live in your home have personal liability coverage through your homeowner’s insurance policy. This coverage pays for liability due to accidental bodily injury to others or unintentional damage to the property brothers. Liability due to auto accidents is not covered by your home insurance policy but you’ll find protection against many other types of personal liability through Coverage E.

In most cases, $300,000 is a starting point as a coverage limit, with higher and lower options available. If you have a pool or a trampoline, or children who have friends that visit your home, a higher coverage limit is usually recommended.

Personal liability coverage protects you against liability lawsuits whether at home or away from home and also pays for your legal defense even if you are not found to be liable.

Coverage F: Medical Payments

Smaller or less serious injuries that don’t involve lawsuits can be paid for with Coverage F, medical payments to others. This coverage does not apply to household family members but can protect guests, visitors, or third parties who are injured at your home or elsewhere.

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All Risk vs. Named Peril

Homeowners insurance policies come in two types: All Risk policies and Named Peril policies. A peril is just a risk that can damage your home or your belongings.

A named peril policy covers the dwelling for only the perils that are specifically named on the policy. If the coverage for the dwelling is limited to named perils, the contents of the home, your personal property items, are usually covered for the same perils.

All risk homeowners insurance policies provide coverage for all perils except for perils that are specifically excluded from the policy. Coverage for personal property can be either all risk or named peril even if the dwelling is covered for all risks.

For single-family homes, there are several types of homeowners insurance policies, each with its unique levels of coverage: HO-1, HO-2, HO-3, HO-3 with an HO-15 endorsement, and HO-8 policies.

HO-1 Basic Homeowner

As the name implies, a basic homeowners insurance policy provides a base level of coverage, protecting your home against fires, theft, lightning, hail, and windstorms, and other common risks for a total of 11 perils covered. Coverage for contents is limited to the same perils as those that apply to the dwelling coverage.

HO-2 Broad Basic Homeowner

As a step-up from an HO-1 basic homeowners insurance policy, which has now become rare, an HO-2 homeowners insurance policy expands the coverage of an HO-1 to add 7 new perils, including falling objects, like tree limbs, roof collapse due to the weight of ice and snow, frozen pipes, and electrical surges.

HO-3 Special Extended Homeowner

A common choice because of its expanded coverage and value point, an HO-3 homeowners insurance policy covers the dwelling for all perils but does exclude certain perils such as neglect, over-land flooding, and land movement, which are also excluded on most other policies. Coverage for contents on an HO-3 policy is limited to the 18 named perils covered by an HO-2 policy, meaning some risks that can damage your home and belongings might not find coverage for personal property with an HO-3 policy.

HO-3 with HO-15 Endorsement

An HO-3 homeowners insurance policy with an HO-15 endorsement brings equal coverage to both dwelling and personal property by adding language to the policy that covers contents for all risks except those specifically excluded, matching the contents coverage to the all-risk coverage for the house itself. Some insurers provide a similar scope of matched coverage through a policy type called an HO-5, which also provides all-risk coverage for both dwelling and contents.

HO-8 Modified Homeowner

Older homes or homes that do not meet all the update requirements of an HO-3 policy can often be covered with an HO-8 homeowners insurance policy. The covered perils for an HO-8 policy mirror the basic coverage of an HO-1 policy, but the HO-8 may also only provide coverage at the market value of the home, a limitation not found in most other policies.

Homeowner Insurance Tips Video

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About East Hampton NY

Widely known to be the perfect summer escape, East Hampton is filled with beauty, history, and in the summer crowds. Serving the purpose of a vacation spot for a lot of New York City residents and even some well known artists and actors, the towns summer months can often become congested. However, the allure of East Hampton doesn’t end with summer, it remains through the winter and fall months.

East Hampton is located in Suffolk County on the South Fork of Eastern Long Island, fairly close to Montauk. The town is filled with beautiful beaches like East Hampton Main Beach, Two Mile Hollow Beach, and Cedar Point County Park; all of which making it the perfect place to slip away from reality. In addition, for those who love art and nature East Hampton is home of the LongHouse Reserve, brimming with over 15 acres gardens, outdoor art, and sculptures. To top it off, on North Main Street sits a historic windmill that was built in 1806, which is called Old Hook Windmill.

East Hamptons Public High School is rated #102 on the list of best public high schools in New York. While the school is a little larger than its neighboring districts it is still not too sizeable, with a ratio of twelve kids to every teacher. The school’s statistics of graduates is 85% and a 36% enrollment for AP classes. The town’s quality and appeal paired with the public school’s success rate makes East Hampton not only the perfect summer escape, but also a great settling place for homeowners on Long Island.

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