Homeowners InsuranceWe’ve got a plan that’s just right for you.

Homeowners insurance is designed to cover damage to your property (the home itself and the things you keep in it). It also protects you against liability for accidents that injure other people or damage their property.

Understand the terminology?

Here are a few terms to know as you review the coverage options:

  • Replacement cost and actual cash value – Replacement cost is the cost to rebuild or replace the house with comparable materials. Actual cash value is an estimate of what the property or goods are worth (depreciation is factored) at the time of the accident or destruction of property.
  • Perils – That’s an event such as a fire or theft that causes damage to your property. Either risks will be specifically listed (named perils coverage), or the policy will state that you’re covered against risks of direct physical loss, with the exception of those that are specifically excluded (comprehensive coverage). Insurance for flood, earthquake, water and sewer backup damage, for example, must be purchased separately.

Questions? Give us a call at (914) 747-1181 or write to us.