To those living in other parts of the country, Long Island is where the Hamptons, the playground of the rich and famous, are located. While it is fun to imagine what living the carefree lives of celebrities would be like, the reality is that most Long Island residents are homeowners, with families, one or two vehicles, furnishings, and possessions that require homeowners insurance for Long Islanders. Long Island homeowners insurance policies are much like insurance coverages for other parts of the country. Or are they? At Grillo & Associates, we are licensed to offer homeowners insurance quotes for Long Island NY homeowners as well as for those who reside in 18 other states. When you meet with a member of our team, our insurance professionals will first ask probing questions to determine your unique set of requirements. Then, they will assist you to locate the policy or policies that fit your current and future needs, as well as your budget. Here is what you can expect.

What types of protection does a Long Island homeowners insurance policy provide? Generally, these offer protection against damages that are caused by:

  • Wind Storm and Hail
  • Lightning
  • Fire and Smoke Damage
  • Falling Objects
  • From the Weight of Ice or Snow
  • Freezing Damage
  • Theft and Vandalism
  • Accidental Overflow from Plumbing (conditions apply)
  • Accidental Electrical Damage to Appliances (conditions apply)
  • Damage by Vehicles

Note that there are generally two different types of homeowners insurance for Long Islanders: An Actual Cash Value policy or a Replacement Cost Policy. Under these, you’ll likely want most of the following protections:

  • FAMILY LIABILITY PROTECTION: Pays for any bodily injury or property damage that you, your household members, or your pets may cause to others.
  • DWELLING PROTECTION: Pays for damage to your building’s structure as defined in your Policy Declaration.
  • PROTECTION FOR STRUCTURES OTHER THAN YOUR HOME: Pays for damage to structures that are separated from your primary residence yet on your property, such as a detached garage, gazebo, or fencing.
  • WATER BACK-UP OF SEWER: Pays for damage due to water backing up through sewers or drains.
  • PERSONAL PROPERTY INSURANCE: Pays for possessions, known as ‘moveable property’, such as an entertainment system, bicycle, or furniture. Most homeowner’s policies set special coverage limits for moveable property. However, you can increase the limits of specific pieces of property under the scheduled personal property portion of your policy.
  • GUEST MEDICAL PROTECTION: Pays for necessary medical expenses for visitors who are accidentally injured on your property, regardless of who was at fault.
  • ADDITIONAL LIVING EXPENSES: Pays 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.
  • SCHEDULED PERSONAL PROPERTY: Pays for your scheduled high valued property items, such as jewelry, watches, furs, sports equipment, paintings, or collectibles.

To conclude, your home is generally our greatest asset, therefore protecting our residences and personal property is the primary reason for having a comprehensive homeowners insurance policy. This way, if your residence is damaged/destroyed, insurance proceeds can underwrite the rebuilding process. It also 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 very important! That underscores the importance of contacting Grillo & Associates to ensure that your existing policies are up-to-date, or to discuss a policy that provides the best protection possible for your current and growing needs.

Remember, we are licensed to offer homeowners insurance quotes for Long Island NY homeowners as well as for those who reside in 18 other states. Call today!