“Dropped”, “Cancelled”, “Non-renewed”…this is what you hear from Long Island NY homeowners these days. If you fall into this category, you are definitely not alone. So with Allstate, State Farm, and Liberty Mutual dropping Long Island NY homeowners insurance policies left and right, how do you get a new policy if you live within a mile from the water? Answer: it’s easy…
The “big three” property insurance companies in New York represent a mere fraction of how many carriers there are in New York. Many of them will write coastal risks. The problem is, most people aren’t aware of them because they are not marketed on television. And for those that live literally on the water (within 100 feet), there are surplus lines carriers that will write those particular risks. Sure the premiums might be higher in many cases, but you can get the coverage you need.
So how do you get access to these homeowners insurance companies?
Most of these carriers operate in the independent market…through brokers and agencies. Brokers are their sales force. This article for example, is the equivalent of a “Good hands” TV commercial. Find a good Long Island insurance broker, and you will get the right homeowners insurance policy you need to protect your most valued investment…your home.
Each carrier has different pricing. Your broker will find the right coverage for you at the best price available on the market.