What you should know about home and office insurance
- February 20, 2024
- 8:58 am
Currently wading through insurance policies for your home or office in Brooklyn NY? All Star Restoration knows the struggle! We’ve worked with many clients over the years who feel confused by what kind of coverage they actually need. But, with some basic knowledge about homeowners and business insurance, you’ll be able to choose the right plan for you!
Don’t hesitate to call us any time! We are here for you.
Homeowners insurance
Here are a few basic terms you should pay attention to when shopping for residential insurance:
- Home Insurance (aka Dwelling Coverage). Here in Brooklyn, most home insurance plans cover a variety of possible risks, such as wind damage, vandalism, liability, crime, fire, and wind damage.
- Water Backup. Water backup from a sewage problem or burst pipe isn’t often included in home insurance plans, and must be purchased separately. It’s prudent for Brooklyn homeowners to invest in water backup insurance, especially if they live in an older building that is at higher risk for plumbing issues.
- Flood Insurance. Like water damage from plumbing, flood damage is not typically included in insurance policies. And it’s something that Brooklyn residents definitely should have!
- Mold is a hassle that many New York homeowners will face at some point, so it’s worth including it in your insurance policy. This pesky problem will likely be covered under a water backup or flood insurance plan as long as the mold was caused by those hazards.
- Scheduled Personal Property. There are some personal items that will be included in a standard home insurance policy. But, if you have items of higher value, such as jewelry, art, electronics, or musical instruments, consider investing in scheduled personal property coverage as well.
Home insurance cost
It’s very common in Brooklyn for homeowners in the very same neighborhood to have very different home insurance costs. This is due to the age of the building, past claims, personal property and more. In general, though, homeowners can expect to pay somewhere between $1300 and $1600 per year for home insurance.
Business Insurance
Business insurance is key to protecting your Brooklyn shop, workplace or restaurant from damages. Here are a few things you should keep in mind when looking for the right insurance policies:
- Property Insurance
- Liability insurance
- Business interruption Coverage
- Contractor Insurance
- Workers’ Comp
- Disability Insurance
- Errors and Omissions Insurance
Depending on the nature of your business, you might need only a few or all of these coverage options in your plan. So, make sure to ask your potential insurance provider to clarify which types of insurance you’ll need to include in your package.
Business insurance cost
As with home insurance, business insurance costs can vary widely depending on factors like the size and nature of your business, where you’re located, and any history of claims. In general, a plan which includes general liability, workers’ comp and errors and omissions insurance will come to around $1800 per year.
Don’t find yourself without proper insurance!
We understand that as a Brooklyn homeowner or business owner, you’ve got a lot on your mind. But, don’t forget to buy insurance policies! Review your existing coverage today to decide whether you’re fully covered or could gain peace of mind by upgrading your plan. After all, here at All Star Restoration, we can help you make a claim in the event of a disaster, but things are a lot easier when you have a good insurance plan!
A Partial List Of Our Services
Water Damage
Get ahead of water damage fast with All Star Restoration’s professional restoration services. Whether you’re dealing with a burst pipe, storm flooding, a leaky ceiling or sewage backup, we know how stressful it can be to deal with leaks and floods in your home or office. Our experienced restoration team will show up on the scene ready to stop the water damage before it gets any worse!
Fire & Smoke Damage
Damage from a house fire, whether localized or sweeping, is a homeowner and business owner’s nightmare. With support from All Star Restoration, you don’t have to go through the restoration process alone. We can get your home or office back to its former glory no matter where you’re located in the 5 boroughs.
Damage Reconstruction
When dealing with damages from a fire, flooding, mold, or other disaster at your property, your priority is getting things back to normal as soon as possible. No matter where you’re located in New York, from Staten Island to Long Island, we’ll arrive ready to restore your home or office to its pre-disaster condition (or even better!)
Mold Damage Restoration
Whether you’re selling or buying a property or suspect that you might have a mold problem, the best thing you can do is to call in the pros. After all, mold thrives in unseen areas and causes more damage the longer it’s untreated. So it’s always better to be safe than sorry. All Star Restoration can provide a range of mold services to ensure that your home, apartment, or office is mold-free.