Hudson Valley Homeowners Insurance

Your Complete Guide to Hudson Valley, NY Homeowners Insurance

Why you need a local independent agent

Hudson Valley New York homeowners insurance

Hudson Valley, NY is known for farmer's markets and antique shopping. When you're looking for a piece of history, Hudson Valley is an iconic spot. 

If you own a home in this charming place, you'll want proper coverage. An independent insurance agent has the right property policy for a fair price. Connect with a local expert and get started today.

How Much Does Hudson Valley, NY Homeowners Insurance Cost?

When you're shopping for homeowners insurance, you're probably concerned with pricing. Every premium is customized to your specific criteria. When comparing rates, check out the state and national averages:

  • National annual average premium: $1,211
  • New York annual average premium: $1,309

While your costs could be higher or lower than these figures, it's still good to know. The insurance companies use a variety of measures when determining your premiums. Let's look at what the carriers' rating factors include:

  • The local crime rates
  • Your claims history 
  • Your credit score
  • Local weather risks 
  • The coverages you select 
  • The year, construction type, and square footage of your home
  • If you qualify for policy discounts

Your homeowners insurance is an important policy. Coverage that is accurate and sufficient is a must. Discuss policy options with your Hudson Valley independent insurance agent.

Are Home Burglaries Insured under Your Hudson Valley Policy?

New York's burglary rate is low compared to the national average. With larger numbers of people traveling to and from Hudson Valley, you may have expected a higher number. Let's take a look at the burglary rates:

  • Number of burglaries per 100,000 homes in the US: 376.00
  • Number of burglaries per 100,000 homes in New York: 159.30

Local crime will have an impact on your homeowners premium. The only way to combat this outside factor is to work on the areas you can control. You can ask your independent agent about bundling your home and auto insurance to get a discounted rate. Check with your local agent for other ways to save. 

Liability Insurance and Your Hudson Valley, NY Home

There are a couple of different types of liability protection when it comes to insuring your home. Liability is one of the most used coverages your policy can have. It will protect the members of your household in the following situations:

  • If a person gets injured on your property
  • If a household member causes harm to a person or property by accident while away from home
  • If a household member is sued for slander or bullying.
  • If your pet causes injury or damage to another person or property

Another form of liability protection is an umbrella policy. Umbrella insurance adds an extra layer of coverage when you need it most. If your underlying home policy limits are exhausted, your umbrella coverage will apply. 

Speak with your Hudson Valley independent agent to get the best liability insurance for your home.

The Risks of Homeownership in Hudson Valley, NY

Catastrophic events can occur at any time, causing severe damage. Adequate coverage for your family and home is critical to get right the first time.

Catastrophic Events in New York:

  • Number of federally declared catastrophes since 1953: 101
  • Most common catastrophe: Severe storms
  • Number of tornadoes per year: 10
  • Homeowners claims paid in 2016: 2,170,228,000

When a disaster strikes, you'll need to be prepared to handle the loss or have an insurance policy that will. Fortunately, most homeowners policies provide coverage for catastrophic events. Except for flooding, your Hudson Valley home insurance should have coverage for all life throws at you. Discuss your specific options with your local agent.

How Flood Insurance Works in Hudson Valley, NY

Hudson Valley, NY is no stranger to flooding. When a flood occurs, your primary home policy excludes coverage for flood damage. This could put you at severe financial risk without proper insurance. You'll need a separate flood insurance policy to have sufficient protection. Take a look at three easy steps to get flood insurance:

  1. Get connected with a Hudson Valley independent agent.
  2. Have your agent pull your elevation certificate to determine your property's flood zone.
  3. Get quotes from your independent agent and purchase flood insurance from the best option presented.

Similar to life insurance, a flood policy is not usually required unless you're in a high-risk flood zone. The choice to have protection is usually up to you. Speak with your Hudson Valley independent insurance agent to find competitive quotes on flood coverage.

How to Work with an Independent Insurance Agent in Hudson Valley, NY

Your home is likely your biggest asset and, as such, needs proper insurance coverage. When you're not sure where to begin, contact a Hudson Valley independent insurance agent.

A local independent agent has access to multiple carriers, finding the best coverage for an affordable price. You can access a local expert near you on TrustedChoice.com in minutes. 

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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