Homeowners Insurance Shelter Island NY

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Shelter Island NY Home Insurance Quotes

Homeowner Insurance Rates

Are you in the market for the best home insurance quote on Shelter Island NY? Look no further, our team of insurance experts are here to help. We can provide you with up to 10 free quotes from top-rated insurance companies. Whether you own a home on Shelter Island or are buying a new home on Shelter Island, our team of specialists are here to help you navigate the insurance shopping experience.

Our process is simple. You choose the companies and the endorsements, and we provide the best rate. To get your quote, click on the Get a Quote Button or call us now to speak with a representative.

Coastal Insurance Solutions is the leader in High Value Home Insurance in Shelter Island  New York .  We know that owners of luxury homes inherently present a lower risk for insurers and therefore, they deserve to pay the lowest premiums possible while maintaining broad coverage and superb customer service.

Quotes from Only the Best High Value Home Insurance Companies

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Coastal Home Insurance Solutions knows the emotional and financial investments involved in owning a luxury home and our dedication to protecting you and your family’s assets is our #1 priority.

High Value Homeowners Insurance Discount Programs

  • Water Leak Detection System discount (with or without alarm)
  • External perimeter gate discount
  • Lightning Protections System discount
  • Perimeter security system discount
  • Central Station Fire/Burglar Alarm discount
  • Permanently installed generator discount
  • Gas leak detector discount
  • 24hr Signal Continuity discount
  • Sprinkler system with water flow discount
  • Full Time Live-in caretaker discount
  • Low temperature monitoring system discount

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What is insured?

Knowledge is power. Once you are sure of what to expect from us, you can easily plan and decide on the best insurance policy to purchase. Your new policy will keep your property protected based upon your policy limits.

When you purchase homeowners insurance, you are given the option of setting your preferred policy limits. Here, you can choose to insure the property and belonging’s for:

  1. Actual cash Value
  2. Replacement cost

Actual cash value is the total amount that will be needed to replace, rebuild or repair all damages to your property after depreciation. The replacement cost is the total amount that will be needed to replace, rebuild, or repair all damages using the exact quality of materials without making any deductions for depreciation. Depreciation is the reduction of the value of your property from the time you built or bought it. This is mainly because of wear or age.

Depending on your choice, it’s best to insure your property or home for at least 80% of the entire replacement cost. Anything less than this will attract a coinsurance penalty during any loss payment. Remember this is applicable irrespective of the insurer you choose to work with. Where your policy is 100% of the replacement cost, you are guaranteed of sufficient coverage in the event you encounter total loss.

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What Are the Available Homeowners Insurance Coverage Plans?

Homeowners Insurance Coverage B 

This covers up to 10% of the policy limit you set on Coverage A. It provides protection for any other unattached structures like detached garages, tool sheds, houses and their other contents.

Homeowners Insurance Coverage C 

The policy limit for this coverage is up to 50% of what was set on the policy limits of Coverage A. It provides protection for your personal property and belongings such as standard electronics, clothing, and furniture. Other policies usually include away from home theft as well as credit card theft. Although some insurers may give you the option of insuring all your belongings based on replacement cost, most insurance policies cover the contents of your property on the actual cash value basis.

Personal property such as guns, computers, jewelry, expensive antiques, silverware, and money tend to have limited coverage under any homeowners insurance policy. If necessary, you can add them to your policy form as an endorsement.

Insurance Coverage D  

Here, the policy limit is 20% of the policy limit set on Coverage A. With this, your insurer pays for additional living expenses in case your property or home gets damaged so badly that it becomes inhabitable. All expenses that you will incur while you wait for the repairs to be done are placed here. This may include warehouse storage, limited motel and restaurant expenses.

Insurance Coverage E 

This cover will protect you against any personal Liability claim. This is a lawsuit or claim that could result from any property damage or bodily injury to others as a result of your own negligence. For example, if your child accidentally breaks a window or your dog bites anybody. This coverage includes yourself and your other family members you live with. You will have the opportunity to state the amount of coverage you want for this coverage when you are being issued with this policy.

 Insurance Coverage F 

This is meant to handle all medical payments to another person. Usually, this coverage will pay for any medical expenses for any individual that might be injured on your property. It pays regardless of the person at fault.



What Are Types Of Insurance Policies Offered?

In general, two different types of  policies are offered: Named Perils policy and All Risks policy (one that provides you with broader protection). The former covers all losses that are due to specific perils that you listed in the policy. They may include hail, windstorm, fire, and any other physical losses. All Risks will cover all losses that could be due to any peril excluding those that you specifically left out in your policy.

What Are Homeowner Packages For Single Family Owner Occupied Homes?

If you are buying an insurance for a house that is occupied and owned by a single family, then you are entitled to the packages below.

HO-1 Basic Homeowner

It will insure your home or property against hail/windstorm, lightening/fire, explosions, smoke, theft, breakage of any glass that constitute a part of the home, aircraft, malicious mischief/vandalism, and property lost after it has been removed from your home because its being endangered by either fire or any other perils.

HO-2 Broad Basic Homeowner

In addition to the perils above, HO-2 will insure you against bursting of hot water or steam system, leaking of heating or plumbing systems, collapse of entire or part of the building, falling objects, a roof collapsing as a result of excess weight of sleet, snow or ice, freezing of pipes and any accidental or sudden damage resulting from any artificially generated currents to any of your electrical fixtures, devices, wring or appliances.

HO-3 Special Extended Homeowner

As the most common coverage, it provides you with an all-inclusive coverage for All Risks in addition to the eighteen stated under HO-2 broad.

HO-3 with HO-15 Comprehensive Homeowner

This package is meant for All Risks and will cover both your personal property and home for everything that isn’t specifically excluded. Its actually the broadest compared to the rest but unfortunately, not all insurers offer it.

HO-8 Modified Homeowner

This is meant for homes that have underwent excessive depreciation and it’s so restrictive. Some architectural or historical features tend to make some homes much more expensive than its actual market cost.

HO-6 Condominium Unit Homeowner 

Basically, this is an HO-2 policy. It covers any items that are usually not covered by the usual condominium associations’ policy. They include property damage any accessories that weren’t originally installed in the house, personal belongings, floor, wall, as well as ceiling coverings. In addition, it give you coverage for medical payments, personal property, personal liability and loss of use.

 HO-4 Renters Coverage 

This will cover all of your personal belongings and household contents against all perils stated in HO-2 policy. Also, it will cover any additional living expenses but it won’t provide personal liability protection.

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What Are The Optional Insurance Coverages You Can Buy?

This are also called floaters or endorsements. You can add them to almost any policy.

 I. Inflation Guard Endorsement 

This isn’t offered by all insurance firms and it allows your insurer to automatically alter your set policy limit. This is usually done if the replacement cost you set for your home is constantly increasing due to inflation. It’s meant to maintain your policy coverage at least 80 percent of the set replacement cost.

II. Guaranteed Dwelling Endorsement 

This will cover the actual market value of your property or your home. In most instances, this market value is usually higher than the home’s replacement cost.

III. Guaranteed Contents Endorsement 

This will cover all replacement costs of your personal items even if they have been hit with great depreciation.

IV. Other Structures Endorsement 

It targets other elaborate structures whose costs are likely to exceed the standard 10% limit. For example guest houses or gazebos among others.

V. Sewer and Drains Endorsement 

In case your drains or sewer lines are faulty, this endorsement will cover any damages that may be caused to your storage basement or finished structure, for example.

VI. Scheduled Personal Endorsement 

This will cover possessions such as furs, jewelry, guns, coins, stamps, antiques, computers and any other items whose cost exceed the limits that are set in your standard policy. Here, you must exclude any other perils listed. Also, you must describe, itemize and value each of your preferred items.

VII. Blanket Endorsement 

This applies where there is any scheduled personal endorsement. Here, one isn’t expected to itemize anything. It will cover everything not included in the standard policy like coins, gun, jewelry etc. This coverage can also increase the overall coverage on deeds, bank notes, securities and money.

VIII. Secondary Residence Premises Endorsement 

This is meant for any secondary residence.

IX. Home Daycare Endorsement

It will cover any liability claims in case you are operating a formal daycare in your residential home.

 X. Business Pursuits Endorsement 

This will extend the liability coverage if at all you operate/run any small franchised venture or an at-home sales business. If you own this business, then this liability won’t be extended to you.

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XI.  Home Business Endorsement

It’s this floater that will cover you in case you operate and own any small business at your home.

XII. Personal Injury Endorsement 

It will extend its liability coverage to you anytime you are sued for slander, deformation of character or libel. It’s usually included in many umbrella policies and you not need it.

XIII. Income Property Endorsement

This will provide you coverage to any area of your premise that you decide to rent.

XIV. Ordinance and Law Endorsement 

It’s mainly meant for older homes and it will provide you with full coverage for any additional costs needed for reconstructing your house under current codes.

XV. Watercraft Endorsement

This will extend medical payments and personal liability on outboard motor boats and small sailboats.

XVI. Theft Coverage Protection Endorsement

This will cover any theft protection to all contents of your trailer, aircraft, or motor vehicle without asking for proof of forced entry.

XVII. Depositors Forgery and Credit Card Forgery Coverage Endorsement

This floater doesn’t have deductible and will cover unauthorized use, theft or loss of your credit cards. In addition, it will cover any forgery of drafts, checks, and promissory note among others.

XVIII. Flood Insurance 

You need this policy if your property is situated in a flood plain. Also, you may quality to get flood insurance via the National Flood Insurance Program (NFIP). This will mainly depend with where you actually live. This insurance policy will protect you against any physical damage to the foundation and the main house. It doesn’t include structure like gazebos, pols and those extending over water.

XIX. Earthquake Insurance Endorsement 

Most insurance firms offer this policy. It is usually considered a catastrophic coverage. It has a deductible of about 10% of the total value of the home

XX. Windstorm Coverage

This will protect against damage cause by hail or windstorm. It depends on the actual place where you live and it’s bought only if it’s excluded from signed standard policy.

What Are The Common Discounts To Expect?

The discounts are as stated below:

  1. For a new home, you can get about 14% discount.
  2. If you install security systems like smoke detectors, simple alarm systems, and deadbolt locks among others, you may get about 1% to 5% discount.
  3. With integrated sprinkler and any sophisticated monitoring services, you are sure to save about 20% on discount.
  4. Having combined policies may attract 5-15% discount. For example, combining your homeowner and automobile policy with a similar carrier.
  5. There are carriers that reward non-smokers a discount of about 5%.

Now that you know there is so much you can do about you homeowner insurance, it’s time to start the application process! Get a quote today.

 Shop for competitive rates on any type of insurance!


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Information about Shelter Island NY – Suffolk County

Shelter Island is a town and island at the eastern end of Long Island in the U.S. state of New York. It is part of the tip of Suffolk County and is separated from the rest of the county by water. The population was 2,392 at the 2010 census.

Shelter Island is nestled between the North and South Forks of Long Island. It is surrounded on three sides by Shelter Island Sound and on the fourth side by Gardiners Bay. It can be reached via ferry from Greenport to the north (approximately 8-minute trip) or from North Haven to the south (approximately 5-minute trip). New York State Route 114 runs through the island.

Shelter Island is around 8,000 acres (32 km2) in size. Vast tracts are protected wetlands nature preserve marshland. Nearly one-third of the island is owned by The Nature Conservancy and kept in a forever-wild state. The Preserve has four nature and bird-watching trails, varying in length from 1.5 miles (2.4 km) to 11 miles (18 km), as well as a barrier-free Braille trail for the visually impaired.

According to the United States Census Bureau, Shelter Island has a total area of 27.1 square miles (70.2 km2), of which, 12.1 square miles (31.4 km2) of it is land and 15.0 square miles (38.7 km2) of it (55.20%) is water.

As of the 2000 census,[1] there were 2,228 people, 996 households, and 656 families residing in the town. However, during the summer months the population can exceed 8,000. The population density was 183.6 people per square mile (70.9/km2). There were 2,370 housing units at an average density of 195.3 per square mile (75.4/km2). The racial makeup of the town was 96.32% White, 0.72% Black or African American, 0.04% Native American, 0.49% Asian, 0.09% from other races, and 2.33% from two or more races. Hispanic or Latino of any race were 2.38% of the population.

There were 996 households out of which 20.3% had children under the age of 18 living with them, 56.1% were married couples living together, 7.2% had a female householder with no husband present, and 34.1% were non-families. 28.8% of all households were made up of individuals and 17.8% had someone living alone who was 65 years of age or older. The average household size was 2.24 and the average family size was 2.75.

In the town the population was spread out with 18.1% under the age of 18, 4.0% from 18 to 24, 20.1% from 25 to 44, 29.1% from 45 to 64, and 28.6% who were 65 years of age or older. The median age was 49 years. For every 100 females there were 91.9 males. For every 100 females age 18 and over, there were 90.8 males.

The median income for a household in the town was $53,011, and the median income for a family was $63,750. Males had a median income of $41,508 versus $36,316 for females. The per capita income for the town was $30,346. About 4.7% of families and 7.7% of the population were below the poverty line, including 14.0% of those under age 18 and 1.4% of those age 65 or over.