New York Homeowners Insurance

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From Staten Island to Astoria, Queens and Manhattan and from upstate towns like Schenectady, Albany and Auburn, getting a New Yorker to agree on their favorite sports team or type of food is nearly impossible. But getting homeowners in The Empire State to agree on the fact that they all need New York homeowners insurance to protect their property is an easy win.

That’s because the latter is just a fact of life, and Clovered can help every homeowner in the state get an affordable and reliable New York homeowners insurance policy within minutes. Our online multi-rater tool compares quotes from the best homeowners insurance companies in New York, so you always get the best coverage at the cheapest price.

What’s Covered With a New York Homeowners Insurance Policy?

Homeowners insurance in New York covers the structure of your house, your personal belongings and much more, including unexpected incidents that could occur on your property. While you get to choose the amount of coverage you enroll in, the following six coverages come standard in every homeowners insurance policy.

Coverage A: Dwelling

This covers the actual structure of your home and the components that make it, such as the roof, siding, windows, countertops and flooring. Since it protects the actual home itself, the amount of Coverage A on your policy should be the equivalent, or slightly more, than your home’s value.

Coverage B: Other Structures

Structures on your property that aren’t connected to your househouse fall under this coverage. It includes things like fences, sheds and even satellite dishes. Coverage for these structures is typically up to 10% of the policy’s dwelling maximum.

Coverage C: Personal Belongings

Coverage C is designed to protect the policyholder’s personal belongings that are kept within the home. For homeowners, this coverage can pay to replace things like furniture, electronics, clothes and even items kept on the property, like lawnmowers.

Coverage D: Loss of Use

Arguably the most underrated part of every homeowners insurance policy, loss of use helps to pay for things like equivalent housing and extra everyday expenses if the policyholder’s home is unable to live in after being damaged or destroyed.

Coverage E: Personal Liability

This coverage can provide financial protection for accidents that occur on the policyholder’s property, damage to other people’s property and dog bites. It can help pay for medical expenses, legal fees and property damage if the policyholder is deemed liable.

Coverage F: Medical Payments

Similar to personal liability, medical payments to others covers minor injuries that occur on the policyholder’s property — whether or not they’re found liable for the incident. Policies usually have between $1,000 and $5,000 worth of MedPay coverage.

Which Perils Are Covered by Homeowners Insurance in New York?

New York is home to extraordinary summer weather, from the Finger Lakes region to the Niagara Falls wine region and the booming metropolis of New York City. But its winters are bitterly cold, dropping feet of snow on houses and freezing pipes all across the state. Luckily, homeowners insurance in New York was designed to combat these issues. Here’s everything a policy will protect your home and belongings from.

10 Named Perils Under HO-1:

  1. Vandalism
  2. Theft
  3. Damage caused by vehicles
  4. Damage caused by aircraft
  5. Rioting or civil disturbances
  6. Smoke damage
  7. Fire or lightning
  8. Windstorm or hail, such as a hurricane or tornado
  9. Explosions
  10. Volcanic eruptions

16 Named Perils Under HO-2:

  • (All 10 named perils under HO-1, plus the following)

  1. Frozen pipes
  2. Falling objects
  3. Damage caused by heating, air conditioning or plumbing
  4. Damage due to snow, ice or sleet
  5. Damage from water heater, including cracks, burns or tears
  6. Damage from electrical currents, such as downed powerlines

How Much Does Homeowners Insurance Cost in New York?

The average cost of homeowners insurance in New York is about $1,300 per year for $200,000 in dwelling coverage, $100,000 in liability coverage and $30,000 in personal property coverage. That’s about $200 above the national average, but it’s still an extremely great price — especially when you compare it to the peak prices in a handful of other states.

The average cost of homeowners insurance in New York depends heavily on how much your home is worth, how much coverage you enroll in and many other factors like your claims history. To get the cheapest homeowners insurance in New York, you’ll want to get a quote from Clovered.

  • Average Cost of Homeowners Insurance in New York: $1,300 per year

How to Get the Best Homeowners Insurance in New York

If you’re searching for the best homeowners insurance in New York at the cheapest price, you’re in the right place. Clovered has teamed up with some of the best homeowners insurance companies in the state to provide everyone in The Empire State with the best policy at the best price.

After you enter your address and answer a few questions in our multi-rater quoting tool, we compare quotes from the state’s top insurers in the backend. Then, within minutes of beginning, we’ll provide you with a few quotes that meet your coverage needs and monetary requirements.

It's Time to Switch Your Homeowners Insurance

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The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.