Tag: NY Homeowners insurance

New York institutes new homeowners insurance rules in wake of Hurricane Sandy

Logan B.
New York Homeowners Insurance Rules

New homeowners insurance rules take effect in New York Hurricane Sandy may be a distant memory for some, but many people along the East Coast continue to struggle with the damage the powerful storm caused in late October 2012. Nearly four months after the storm struck, homeowners in several states are still waiting for their claims to be processed by their insurance provider. Many of these claims concern flood insurance, while others are in the realm of homeowners insurance. In New York, lawmakers have instituted new rules that are expected…

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Hurricane Sandy sparks aggressive support from New York officials

Marc
Homeowners flood Insurance

New York officials mobilize to help victims in wake of Hurricane Sandy Homeowners in New York are still reeling in the wake of Hurricane Sandy, which struck the state and its neighbors in late October. The storm proved to overcome expectations of its strengths and caused havoc throughout the state, generating widespread floods and claiming 131 lives in the U.S. Insurers are still evaluating the damage caused by the storm, but estimates concerning Hurricane Sandy’s impact suggest that the storm caused some $50 billion in damages. Staten Island residents find…

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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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