Get Value Out of Your New York Property Insurance!

Blizzard in NYC via dailycaller.com

Did you know that New York homeowners pay about 40 percent of their income on home ownership costs? In 2009 the average premium for New York property insurance was $983 a year, according to the Insurance Information Institute, making it the sixth most expensive state to purchase homeowners’ insurance. It’s not cheap, but here are a few tips to getting the most value out of your policy, whether you need upstate NY home insurance or NYC home insurance.

Consider raising your deductible

Your deductible is the amount you have to pay out of your own pocket when making an insurance claim – the higher your deductible, the lower your claim. You might have a separate deductible for a particular kind of damage if you live in a disaster prone area.

Know what damage your house is vulnerable to

New Yorkers living on the Atlantic coast are vulnerable to floods, and may find it harder to get insurance. Those living in a flood zone may need to get their insurance from the National Flood Insurance Program.

Damage-proof your house

Preventative measures such as installing storm shutters and reinforcing roofing may attract a discount.

Bundle your home and car insurance

You are likely to receive a discount on your New York property insurance if you purchase two types of insurance from the same insurance company. It’s an easy way to save money. With Miller & Miller Insurance, we can get you the coverage your property needs. Contact us today for more information!