Tag: NY Homeowners insurance

Homeowners insurance rates will likely rise in New York

H. Cutner
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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Homeowners insurance customers to receive assistance with Sandy claims

H. Cutner
Homeowners flood Insurance

Officials in New York have changed the regulations to help ease the process and help victims. Homeowners insurance companies that are providing coverage to residents of New York whose homes were damaged by Hurricane Sandy will now be facing some different rules to help speed up claims processing. The new rules have to do with the acceptable forms of loss documentation. For claims relating to damage caused by superstorm Sandy in New York, homeowners insurance companies are now required to accept the documentation of the losses provided by the policyholders,…

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Homeowners insurance storm loss protection strategies for N.Y. residents

H. Cutner
Homeowners Insurance

Governor Cuomo recommends that people take action to protect their properties. New York Governor Andrew Cuomo has been advising residents of the state to reduce their risk of having to make homeowners insurance claims by taking additional measures to protect their homes against severe weather. N.Y. is likely to be affected by 9 to 15 storms in one way or another this Atlantic hurricane season. The National Oceanic and Atmospheric Administration (NOAA) has made its announcements for the 2012 season and has indicated that anywhere from nine to fifteen storms…

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