Your Bellmore home represents a major investment and of course, the mortgage company insists you take out home insurance. This protects the lender's interest in your property but this kind of insurance is also there to make sure you don't suffer major financial headaches should some kind of disaster strike. So many people in New York make the mistake of assuming all homeowner policies are pretty much the same, when nothing could be further from the truth. In fact, when you assume something like this, you could be setting yourself up for some major disappointments in life. Here is an example, demonstrating just how important custom home owner insurance can be.

George and Stacy L lived in an apartment for over 5 years until they could finally afford to buy a home. They found the perfect place just north of Long Island and it had all the things they dreamed of and talked about. The price was a little more than they planned to spend, but the couple fell in love with the home and they decided to take the leap and become homeowners.

Stacy understood the importance of insurance but she was only interested in satisfying the basic requirements of the mortgage company. After all, they needed to cut costs as much as possible for the first few years. However, George had a friend who was an independent insurance agent and he insisted they talk to the man about insurance. Stacy agreed.

When the couple talked to the agent, he told them about several coverage options they should consider. Wanting to protect their investment and future, they decided to take the options, and this was one of the smartest decisions the couple could make. In fact, it would pay off in just 9 months time.

Less than a year after owning the home, it was destroyed by a major tornado. Had the couple opted for basic homeowners insurance coverage, their insurance company would have paid them the market value for the home. However, the cost to rebuild was $55,000 more than the current value. Thankfully, they had replacement cost coverage and in less than a year they were living in their brand new home.

If you have a home loan, you must buy insurance. However, even if you own the home free and clear, it makes sense to protect your vested interests. This is the main purpose behind home owner insurance.

Unless you can predict the future, you should think about this insurance. It includes the following properties:

• Residential homes
• Condos - condo owners need insurance to cover what the master policy doesn't include.
• Vacation homes
• Mobile homes
• Manufactured homes
• Rental properties
• Co-ops

• Hazard insurance - protects against acts of nature, fire, theft, and vandalism.
• Liability insurance - slip and fall injuries and other things which may happen on your property
• Home contents - includes furnishings, window treatments, rugs, personal possessions and such. This insurance is also available for renters.
• Outdoor structures - detached garages, sheds, workshops, gazebos, and decks.

Here are some of the many options you may wish to choose:

• Flood insurance
• Sewer backup protection
• Extra liability - can cover dog bites, swimming pools, trampolines, tennis courts, and playground equipment.
• Docks and piers
• Replacement cost insurance
• Sinkhole coverage
• Expensive furnishings - antiques, collectibles, and luxury items
• Hurricane insurance
• Earthquake insurance
• Identity theft - some policies may include this coverage

You have a wide range of choices when insuring your home and you may be tempted to go with the cheapest policy. However, if you fail to cover all your risks, it's like having no insurance at all, when you have a claim that isn't covered. This is why custom insurance makes sense.

Newbridge Coverage Corporation has been insuring New York residents for 60 years and we have 30 independent insurance specialists on staff. We understand the needs of the homeowner and we can write policies for those living on the coastline.

Reading through a home owner policy can be challenging and it's best to have your independent agent check out all your insurance coverage. This way, you have peace of mind in knowing you and your loved ones are covered for many of life's disappointments.

Do you really want to go online and spend hours researching insurance, and still you might not know all there is to know? Your independent agent from Newbridge Coverage Corporation knows who has the best coverage and what kind of discounts are currently available. There is no need to worry about these things. That's our job and we do it well.

Why not check out our free homeowners insurance quote system today? It's fast and efficient and we might be able to save you a lot of time and money. Just go to the online quote request area on this page.