Living in a diverse location such as Brooklyn, NY, provides access to beautiful historic buildings and unforgettable landscapes. If you’re a homeowner or investor in Brooklyn, it’s important to understand specialized insurance solutions that may be right for you, whether you’re a tenant, homeowner, or landlord. At VAC Insurance Agency, we’ll work with you to determine which home insurance policy is best for your situation.
Historic Home Insurance
In some parts of Brooklyn, you may qualify for specialized insurance policies, especially if you’re located in a historic neighborhood. Standard policies may not cover the needs of historic homes. Here is where specialized insurance comes into play:
- Higher dwelling coverage limitations
- Renovation or restoration protections
- Ordinance or law coverage to meet NYC building codes (This helps if your home is damaged and you’re required to rebuild to code, even the undamaged parts.)
Condos
Condo and co-op insurance (HO-6 policies) include:
- Improvements and betterments made to dwelling quarters
- Water backup protection
- High-limit personal property coverage
- Loss assessment coverage for building-wide claims
Floods/Sewer Backups
In addition to traditional add-ons, flood and sewage coverage is also imperative when moving into a home in Brooklyn. Homeowners should always consider:
- Flood insurance through the National Flood Insurance Program or a private insurer
- Groundwater intrusion protection
- Sump pump and sewer backup protection
High-Value Protection
Specialized insurance options can also provide additional coverage for certain property, like high-value rugs or jewelry.
Whether you’ve just moved to Brooklyn, NY, or you’re a long-time resident, we’re here to help. We’ll guide you through the process of finding the right insurance for your home. To learn more about your options, contact VAC Insurance Agency.
