New York homeowners insurance

How you're covered

A typical policy in New York may include the following homeowners insurance coverages:

• Dwelling coverage (Coverage A) protects your home's structure (roof, walls, etc.) as well as attached structures, like a porch.
• Other structures coverage (Coverage B) protects detached structures, such as a fence, shed, or detached garage.
• Personal property coverage (Coverage C) protects your personal belongings, including furniture, clothing, and electronics. Certain items, like jewelry, art, and collectibles, are often only covered up to a specific limit so you may want to purchase an endorsement to schedule these items on your policy at the coverage amount needed, also known as "adding a rider."
• Loss of use coverage (Coverage D) may help cover costs associated with an increase in living expenses, up to your policy's limit, if you're unable to stay in your home while it's being repaired or rebuilt due to a covered loss.
• Personal liability coverage (Coverage E) protects you financially if you're legally responsible for another person's injuries or damage to their property.
• Medical payments to others (Coverage F) may pay for medical expenses due to a covered occurrence.

Keep in mind, coverage under your policy is subject to exclusions and conditions within your policy. It’s important to read your policy to understand the coverage provided.

More ways to stay covered in New York

In some cases, you can buy extra protection by adding coverage to your homeowners policy or purchasing a separate policy. If available, New Yorkers may want to consider:

• Flood: Flooding is not typically covered under a homeowners policy. If you're concerned about flooding in your area, a private flood insurance policy or NFIP, where available, may help protect your property and belongings against flood damage.
• Umbrella: An umbrella policy may help protect your assets if you exceed the personal liability coverage on your homeowners policy.
• Sump pump: Sewage back-up or sump pump overflows aren't typically one of the standard coverages automatically included with homeowners insurance. Adding water back-up coverage as on optional coverage, if available, may help in the event of sewage back-up or sump pump overflow due to heavy storms.

How much is homeowners insurance in NY?

Progressive homeowners policies in New York had an average monthly price of $90.62 or $1087.44 for an annual policy in 2023.^* Your rate will depend on many factors, such as location, roof construction, and coverage selection. Learn more about what factors influence rates and how much homeowners insurance costs.

Helping you save on homeowners insurance in New York

It's possible to save on your premium with homeowners insurance discounts. Bundling your auto and homeowners insurance policies can earn you a multi-policy discount. You can also get discounts by installing security systems, paying in full, and going paperless.

There may also be discounts that are only available in your state or county. Call 1-866-749-7436 or contact your agent to help ensure you're getting all applicable discounts.

Is homeowners insurance required by law in New York?

New York homeowners insurance isn't required by law, but if you finance your home, your lender may require you to have a homeowners insurance policy. Even if you've paid off your home, homeowners insurance can be valuable in protecting what is likely your most valuable asset.