Homeowners insurance rates will likely rise in New York

Hurricane Sandy Homeoweners Insurance New York

Following the destruction that the state has faced, experts feel that premiums will be headed skyward. Experts are now saying that well after the gas lines have been repaired and electricity has been fully restored, New Yorkers will continue to feel the pain felt from the massive superstorm Sandy as it sends their homeowners insurance premiums higher. Predictions have placed payments from private insurers between $10 and $20 billion for the storm. The damages from the winds, alone – not to mention the flooding – has placed this most recent…

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