White Plains Homeowners Insurance

Your Complete Guide to White Plains, NY Homeowners Insurance

Find the right homeowners insurance policy for you.

White Plains is home to more than 59,000 people. Residents are attracted to this city because of its close proximity to New York City, its fantastic public transportation system, and its ability to mix traditional suburban amenities with an urban feel. If you own a house in White Plains, you will want to be sure to cover your investment with a reliable home insurance policy.

Independent insurance agents in White Plains can help you find comprehensive, competitively priced coverage. Find an insurance agent near you to get started.

How Much Does Homeowners Insurance Cost in White Plains, NY?

New York is the 15th most expensive state for home insurance. The average home insurance rates in this state are higher than the national average, and in White Plains, the rates are even higher. This is largely due to the high property values of detached homes in the city and the increased risk of hurricane and tropical storm damage for houses near the Eastern Seaboard.

  • National average yearly premium: $1,173
  • New York average yearly premium: $1,287
  • White Plains yearly premium average: $2,210

Of course, your quoted costs will likely vary from the figures shown above because rates are calculated individually according to several factors such as:

  • The age, size, value, and other details about your house
  • The type of home you are insuring (e.g., single-family detached house, condo/townhouse, manufactured home, etc.)
  • Whether the property is your primary residence or a second home
  • The crime rate and common weather hazards in the ZIP code where the property is located
  • Your claims history and credit score

If you bundle your home insurance with other policies such as car insurance, business insurance, or life insurance, you can often get all of your policies at a discounted rate. An independent agent in White Plains can help you find the right home insurance policy to meet your coverage and budgetary needs.

The Burglary Rate in White Plains

The burglary rate in New York is much lower than the national average, and in White Plains, the risk is even lower. Residents of this city report only about 50 burglaries in a year. 

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in New York: 1.66
  • Number of burglaries per 1,000 homes in White Plains: 0.96

Although the risk of burglary is low, some White Plains residents have opted to install home security systems in their houses. Of the many preventive actions you can take to lower your risk of being targeted for burglary, these alarms are the most effective. That is why many insurance companies offer discounts to policyholders who have them.

If you are the victim of a burglary, it may give you some comfort to know that your home insurance can provide compensation for your losses. Your local insurance agent can help you review your contents coverage to ensure that your most valuable possessions are appropriately covered. 

Catastrophic Events in New York

Your homeowners insurance is designed to cover loss or damage to the structure of your house as well as to the personal belonging you have inside it. You will want to be sure that your coverage limits are high enough to enable you to rebuild, repair, or replace damaged property if your house is impacted by a catastrophic event like a fire or hurricane-force winds.

  • Number of declared disasters in New York: 58
  • Most common reasons for disasters in the state: Severe Storms and Heavy Snows
  • Average number of tornadoes per Year in New York: 9.6
  • Average amount of property damage per year in NY: $2,170,228,000
  • 1 in 15 insured homes has a claim each year.

Hurricanes and other severe storms pose the biggest threat to homeowners in White Plains. Tornadoes pose a smaller but very real risk and can cause significant damage. In 2006, an F2 twister touched down just six miles from the White Plains city center and caused more than $12 million in damage to area homes and businesses.  

Flash flooding is also a very real risk in White Plains. Unfortunately, home insurance does not cover flood damage – even if a hurricane is to blame. To be covered against this hazard, you will need to purchase a supplementary flood insurance policy. Your local insurance agent can help you get affordable coverage through the NFIP.

Liability Coverage for White Plains Homeowners

Your homeowners insurance does more than just cover your property. It also protects you with personal liability insurance. This coverage is designed to cover the associated expenses—including court costs, legal fees, and damages—if you are sued for a covered event.

Some examples of times that you may need to use your homeowners liability insurance include:

  • A visitor slips on an icy walkway while approaching your door and suffers a serious back injury.
  • Your dog gets out and bites a neighbor.
  • Your child accidentally causes significant property damage while playing with friends.
  • You give a restaurant a scathing online review and they sue you for libel.

If you have a lot of assets, you have a lot to lose. You may therefore want to have more liability coverage than your home insurance can provide. Umbrella insurance is an affordable way to significantly boost your liability coverage limits. If you're interested, your local insurance agent can help you find an affordable policy.

Second Home and Vacation Home Insurance

If you are among the White Plains citizens who own an additional house that is not their primary residence, this extra property is likely to have other risk factors that insurance companies will take into consideration when calculating rates. In some cases, this may result in higher costs for coverage. 

Perhaps you own an efficiency condo that you rent out to newcomers to the city, or maybe you own a house that you rent to students at Pace University. W when you have tenants occupying your property, your liability risks are higher, but your contents coverage needs are lower. This type of home would need to be covered by landlord insurance.

Or maybe you own a vacation house upstate along Lake George or have a weekend cottage on Long Island. If the house is left empty and unattended for several months out of the year, your risk of property damage is higher. Your insurer may therefore require you to purchase vacant home insurance during the times the house is unoccupied.

Your local independent agent can help you review the coverage needs of your secondary properties and can help you find the best homeowners insurance coverage for all of your homes.

Why Work with an Independent Insurance Agent?

Independent insurance agents are ready to assist you with all of your insurance coverage needs. You can turn to one of these local agents when you want advice from a trusted professional and help finding the best and most affordable policy to cover your home.

Contact an insurance agent in White Plains to learn more. You will soon discover how easy it can be to compare customized, competitively priced homeowners insurance quotes.

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
https://www.census.gov
http://www.city-data.com