Affordable Homeowners Insurance

What New York Homeowners Insurance Covers

Mercury Insurance gives you access to a range of coverage options, at affordable rates, specifically designed for New York residents, including:

• Dwelling protection: This safeguards your home structure against damages caused by covered losses, such as fires, wind damage, and vandalism
• Personal property: This protects your personal belongings inside the home, such as furniture, electronics, and clothing.
• Extended replacement cost: In the event of a disaster, this coverage goes beyond your policy limits to help fully rebuild your home.
• Additional living expenses: If your home becomes uninhabitable due to a covered loss, we cover the costs of temporary housing and living expenses.
• Personal liability protection: This coverage financially protects you if you’re found legally responsible for causing bodily injury or property damage to another party.
• Guest medical protection: If a guest is injured in your home, this coverage can help pay for their medical expenses.

We understand the intricacies of homeownership in New York, and our dedicated team is ready to ensure you have the right protection for your unique needs.

Contact us today for a fast, free quote!

What Factors Determine Your Homeowners Insurance Rate?

Insurance companies in New York evaluate various factors to determine your risk profile, which is an estimate of how likely you are to file a claim. Generally, a higher risk profile translates to higher homeowners insurance rates. Here are key factors that insurers assess to establish your rate:

• Age and condition — In New York, the age of many buildings can significantly impact insurance rates. Older homes, particularly those with outdated plumbing, electrical, or HVAC systems, typically cost more to insure than newer, more modern homes.
• Replacement cost — The cost to replace your home influences your insurance rate. Typically, a higher replacement cost often leads to a higher insurance premium.
• Location — Home insurance rates are generally higher in areas with high crime rates or prone to natural disasters like hurricanes or blizzards. New York's diverse geography, from coastal areas to urban centers, can influence this factor.
• High-risk home features — Living in a home with high-risk features, like swimming pools, trampolines, wood-burning stoves, rooftop decks, and balconies, can increase your insurance rate.
• Credit history — Insurers often view a poor credit score as an indicator of potential late payments and frequent claims. You may receive a higher insurance rate if you have a poor credit history.
• Dog breed — Owning a dog breed considered "aggressive" — such as a Rottweiler, German shepherd, or pit bull — could raise your insurance rates.

Understanding these factors is essential for navigating the intricacies of homeowners insurance in New York. For a comprehensive understanding of how these elements uniquely shape your insurance rate, talk with a local agent who can help you secure the right coverage for your home.