Manhattan Home Insurance

Manhattan Home Insurance 2018-05-31T12:33:09+00:00

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Nassau County Home Insurance

Manhattan NY Home Insurance

Looking for the best home insurance premiums in Manhattan?  Buying a new home, a secondary home or an investment property and need affordable homeowners or flood insurance?  We make finding competitive insurance rates a snap!  Let our companies earn your business.  Fill out our no-obligation, hassle-free form.

Verified Google Reviews

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

Among the largest coverages on your home insurance policy is Coverage A, dwelling coverage, which pays for the cost to rebuild or repair your home if it’s damaged in a covered claim. When you bind your policy, your agent will work with you to determine a rebuild cost for your home based on your home’s features, construction type, and square footage. Attached fixtures are also covered by dwelling coverage and are considered to be part of the house.

Coverage B: Other Structures

Sheds and other buildings, fences, gazebos, and other structures that are not part of your house but are on your property are covered by Coverage B, coverage for other structures. This coverage limit is usually set a default amount of 10% of the dwelling coverage limit. In many cases, you have the option to change this coverage amount if needed. The contents of sheds or other unattached buildings are covered by Coverage C, personal property coverage.

Coverage C: Personal Property

On your homeowners’ insurance policy, Coverage C provides coverage for your personal property, which simply refers to your personal belongings. This can include your electronics and furnishings, as well as clothing, furniture, and other standard household items.

Coverage for personal property on most homeowners insurance policies is provided as actual cash value coverage. In plain English, this means that your personal belongings are covered for a depreciated amount that is based on wear and tear due to age. Many home insurance policies provide an option to cover personal property for the full cost of replacement for an additional premium.

Valuables, such as jewelry, firearms, coins, artwork, and other similar items have limited coverage on a home insurance policy but can be added to your policy specifically to ensure full coverage for these items.

Coverage D: Additional Living Expenses

Some types of home insurance claims can force you and your family to be temporarily displaced from your home due to safety considerations or while your home is being repaired or rebuilt. In this event, coverage for additional living expenses pays for the additional cost of other living arrangements, such as hotels and eating out, or even temporary storage for your belongings while your house is uninhabitable. This coverage is designed to pay for the difference between your normal living expenses and the living expenses you incur while temporarily displaced from your home.

Coverage E: Personal Liability

Your homeowners insurance policy also features personal liability coverage, which protects you and family members against lawsuits due to bodily injury to others or damage to the property of others. Coverage amounts typically begin at $100,000 but most policies carry a minimum of $300,000 and sometimes higher coverage amounts.

Personal liability coverage covers not just the cost of the liability but also the cost of your legal defense. In most cases, the cost of your legal defense is outside of your coverage limit, so the cost of defending your lawsuit does not diminish the amount available to cover your liability if you are found liable.

Common causes for personal liability include dog bites, which can average nearly $30,000 per claim and are among the most frequent type of claims for personal liability coverage. Household accidents involving visitors are also a common risk, but your personal liability coverage also protects you when you’re away from home. However, personal liability due to auto accidents is excluded from homeowners insurance coverage.

Coverage F: Medical Payments

Many accidents or injuries at your home or elsewhere may only require minor medical attention. Coverage for medical payments to others pays for these smaller liabilities that don’t involve lawsuits. Discuss your coverage limits for Coverage F and your other home insurance coverages with your agent.

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All Risk vs. Named Peril

Homeowners insurance policies can provide coverage for specific perils or for all risks depending on the type of policy you purchase. A peril is simply a risk that can cause financial loss for an insured home.

On all risk, the policy provides coverage for all risks to the dwelling, with the notable exception of specifically named exclusions. Using named exclusions as a common practice with all home insurance policies, typically including items such as neglect and intentional damage caused by the insured.

He named peril policy limits coverage to only those perils that are specifically named on the policy and will also exclude coverage for the name of the exclusions on the policy.

Homeowners insurance policies for single-family homes are offered in several types, often referred to as forms: HO-1, HO-2, HO-3, HO-3 with HO-15 endorsement, and HO-8.

HO-1 Basic Homeowner

If home insurance policies were rated as good, better, and best, an HO-1 homeowners insurance policy would be the first in the group: good. The most common and damaging perils to your home are covered, including fire, windstorms and hail, lightning, and theft are covered as named perils, along with a few risks. As a named peril policy, coverage is limited to the 11 perils specifically named on the policy.

HO-2 Broad Basic Homeowner

An HO-2 policy adds coverage for 7 new perils over those covered by an HO-1 basic homeowners insurance policy. Falling objects, roof collapse due to the weight of ice and snow, frozen pipes, and few additional coverages are added to the named perils for the policy. HO-1 and HO-2 policies are less commonly sold due to their limited coverage.

HO-3 Special Extended Homeowner

As the most common type of homeowners insurance policy for single-family homes, an HO-3 policy brings open-peril coverage for the dwelling while providing coverage for the contents on a named-peril basis that covers 18 perils. The dwelling is covered for all risks with the exception of any perils that are specifically excluded on the policy, such as neglect, over-ground floods, or earth movement.

HO-3 with HO-15 Comprehensive

Where an HO-3 Policy provides coverage for all perils to the home except for named exclusions, coverage for personal property is covered only for named perils. An HO-15 addresses this potential gap in coverage by extending coverage to personal property for all perils. Depending on the insurer, you may find a similar level of coverage through an HO-5 policy, which builds in the endorsement.

HO-8 Modified Homeowner

CAn HO-8 homeowners insurance policy is normally used in cases where the dwelling would be extremely difficult to repair or rebuild, such as with older or historic homes. Coverage is limited, similar to an HO-1 policy, providing coverage for only certain perils and covering the home for a lower amount than might be found with other policy types.

Homeowner Insurance Tips Video

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