Owning residential property has generally been a good option for those in the Croton Falls, NY area. When you invest in a home here, you will want to know that you have the right insurance in place. For many here, this means getting a full home insurance plan with appropriate coverage. There are various situations when this coverage is considered necessary for property owners.
When Financing the Home
A situation when home insurance is a necessity for those in New York is when you are financing the purchase. Real estate prices throughout this area have continued to rise in recent years, and financing the purchase with a mortgage is often the best way to buy property. In many cases, your mortgage lender will require that you carry home insurance until you have paid off the loan in full. This is required as it helps to protect their loan collateral.
You may also be required to carry home insurance based on the rules set by your HOA. If your home is part of a larger association, you likely carry a certain level of home insurance. This provides assurances that you have proper liability insurance and that you can make repairs if the home is damaged.
Those who are in the Croton Falls, NY area will want to know that they are appropriately covered with insurance at all times. As you will need a quality plan, it would be a great idea to call our professionals with the Carminucci Agency when you are ready to start looking for coverage. Our experienced team with the Carminucci Agency will help you create a plan that meets your needs and covers your property.
Your home insurance is such a lifesaver. It covers you and your home structure when perils strike. It also protects your loved ones and pets when they cause property damage or bodily injury to others. Unfortunately, your home insurance isn’t perfect — it has exclusions, like most insurance policies. Carminucci Agency in Croton Falls, NY, shares common risks not covered by standard home insurance.
Home Insurance Exclusions
While floods can strike anywhere and anytime in America, the sad bit is that typical home insurance doesn’t cover flooding. The good news is that you can protect your home against flood damage by investing in flood insurance from the NFIP.
Has your home been damaged by sinkholes, landslides, or earth movements? Your typical home insurance won’t cover the damage. However, you can purchase earthquake insurance to protect your home from damage arising from earthquakes.
Pest or mold infestation
Home insurance isn’t likely to cover any maintenance-related issues, including damage caused by pests or mold infestation. The good news is that you can prevent such damage by properly maintaining your home.
Home insurance covers your home structure and the contents inside it. Unfortunately, home insurance won’t cover liability claims arising from your business. Besides, you enjoy limited protection for your business property. The good thing is that you can optimally cover your home-based business with commercial insurance.
While sewer backs are common, the unfortunate thing is that typical insurance doesn’t cover the resulting damage. Sewer backups occur when the sewer lines malfunction or become clogged. Whatever the cause of the sewer backup, it can cause serious damage to your house. Luckily, you can cushion yourself from sewer backup damage by purchasing special insurance.
Contact Us Today
Would you like to learn more about home insurance? If you are in Croton Falls, NY, please get in touch with Carminucci Agency.
If you own a home in Croton Falls, NY or the surrounding areas, we highly recommend taking a look at your current home insurance to confirm the coverage on your policy is satisfactory. Carminucci Agency and its insurance agents can help you assess your current coverage and what needs updating.
As a homeowner in New York, you most likely have a mortgage to pay and working with a lender to secure a loan. In most cases, lenders require homeowners’ insurance to protect their investment in you. Therefore, home insurance may not be legally required in New York, but it is required by most lenders.
Realistically, there’s no reason you should not have a home insurance policy on the biggest investment in your life. Home insurance policies cover the home itself, the personal property within the home, and the structures on the property, like a swimming pool, shed, or garage.
All these things are worth protecting— damage to any structure or property can be catastrophic financially if you have to pay out of pocket to repair or replace them. Cover your bases beforehand, and you’ll thank yourself later should you ever need that insurance you invested in.
The team at Carminucci Agency is here to help if you have any questions or concerns about your homeowner’s insurance. Don’t hesitate to reach out to us if you’re in the Croton Falls, NY area and are looking for some guidance when selecting the best home insurance policy for you and your family. Let the experts handle the insurance while you enjoy the beauty of homeownership in the great state of New York.
Before you buy home insurance, you probably want to know what this type of insurance covers. In case you don’t know, home insurance covers more than just your physical home. The following are covered under a standard home insurance policy, including a policy provided by the Carminucci Agency.
While this may be an obvious one, home insurance covers your physical home. If your Croton Falls, NY home is damaged by an event such as a fire, hurricane, or hail, your insurance policy will cover the cost of repairs. However, home insurance policies typically don’t cover damage due to floods or earthquakes.
A home insurance policy may also cover detached structures such as garages and sheds.
Home insurance covers the items inside your home, including furniture, clothes, and electronics. If your belongings are stolen or damaged during a natural disaster, your policy will help you with the costs of replacing these goods. Most home insurance policies limit personal property coverage, but you can choose extended coverage to cover expensive items not covered under your normal policy.
Home Liability Protection
Your home insurance policy protects more than physical items. Home insurance provides you with liability protection if someone gets accidentally injured on your property.
Additional Living Expenses
If your home is damaged to the point where it is unfit to live in, you will need to live elsewhere. Your home insurance policy will help cover the costs that come with being displaced from your home.
Learn More About Home Insurance
To learn more about home insurance benefits for your Croton Falls, NY home, call or visit the Carminucci Agency.
After a long winter in the Croton Falls, NY area, we all look forward to Spring with great anticipation! While the warmer temperatures offer a welcome relief, the unsettled weather that comes with them can cause damage to our homes. The team at the Carminucci Agency is here to help you make sure that your home is protected, no matter the weather! Make sure that your home is ready for Spring before the unpredictable weather arrives in our area.
Follow These Tips to Protect Your Home
The end of Winter is always a welcome change, but don’t forget that Spring brings unsettled weather too. These quick tips can help you to keep your home safe, no matter what Mother Nature throws at us!
- Keep trees and shrubbery trimmed — branches can break loose during storms and cause damage to your home. Windows are especially vulnerable to debris, so make sure all of your landscaping is trimmed and tidy.
- Repair or replace any loose siding or roofing tiles — moisture and rain can seep into your home through these areas. These materials can also break loose and cause damage to other areas of your home.
- Make sure your home insurance policy is up to date — as your home increases in value, it’s important that your policy keeps pace with the current value. Stop by your local agency to have your policy reviewed, and gain the peace of mind that comes with knowing that you’re protected!
If you are a homeowner in the greater Croton Falls, NY area and want to make sure that you have the coverage you need, we’re here to help! Contact the team at the Carminucci Agency today to schedule an appointment with our helpful agents.