Brooklyn Homeowners Insurance

Protecting Brooklyn Families Since 1932

Not many insurance agencies can boast about a history that goes back over 100 years. Our insurance history in Brooklyn dates back to 1932. The current owners grew up in Brooklyn, went to school in Brooklyn and continue the insurance legacy with an office right in the heart of Bay Ridge.

Our staff lives in the neighborhood or grew up in Brooklyn - We know Brooklyn and strive to help our neighbors and community. We don’t just say we are neighbors - We are.

We are very proud of our online presence and our quote request process. We get numerous requests for quotes everyday and each one gets reviewed by an owner of the firm and then assigned to the agent best suited to handle that account.

We have found, over the years, that working directly with an agent produces the most comprehensive coverage and competitive pricing. You can try and do it yourself by why would you want to? You may have questions, or a scenario you want to run by us, or concerns about prior experiences with other insurance companies. The advantages of speaking with an insurance brokerage like Lincoln Brokerage are our insurance agents - Their customer service and their industry knowledge are phenomenal. It’s not your job to know the ins-and-outs of homeowners insurance - It’s ours!

Why Do I Need Homeowners Insurance Coverage?

Protecting your loved ones that live with you goes without saying…

Your home is typically your most valuable tangible asset. You have invested an incredible amount of money to purchase your home and to

Who Should Carry a Homeowners Insurance Policy?

If you own a single family home, rent an apartment or house, or own a co-op/ condo, then you should have a homeowners insurance policy. While we tend to think of a ‘house’ needing a homeowners policy, wherever you live is your home and needs a homeowners insurance policy.

For rentals we may use the term ‘renters insurance’ or for a co-op and condo we may refer to different policy terms but they are in essence all homeowners insurance policies. You need to protect your home with a policy that addresses your needs and fits your budget. While a mortgage is the typical trigger when we talk about ‘requiring’ a homeowners policy, if you live there and don’t have coverage right now, then contact us because you should be carrying a homeowners insurance policy.

What can be Covered With Homeowners Insurance?

Dwelling or Structure

The coverage of the structure is a main component of a standard homeowners insurance policy. The bricks, the siding, the roof, the built in fixtures are all examples of what makes up your Dwelling for insurance coverage. Especially in today’s volatile real estate market, market value and replacement cost of the dwelling are two different things. Do you know what the replacement cost is per square foot in your neighborhood? Did you do substantial improvements to the structure and interior fixtures of your home? Talk to one of our insurance professionals to make sure your Dwelling limits are adequate to cover your exposure.

Other Structures

If you have a detached garage, a pool, a shed or perhaps fence, then you need to make sure that your Other Structures coverage is adequate to cover your exposure. Most companies will provide a limit equal to 10% of the Dwelling limit and others might default to 20%; however this limit can be increased if needed.

Personal Property

Our favorite way to describe personal property is to consider the possibility of turning your home upside down - What falls when your house is turned upside down - That is your Personal Property or Contents. Based on what you have for contents in your home we help pair you with limits that meet your replacement cost needs. If you are a collector, then we want to know about that so we can make sure your insurance addresses this particular need. Everyone’s personal property is different - You may have the highest end electronics or high end clothing - Let’s have that conversation so we can make sure your personal property coverage covers YOU.

Personal Liability

The simple definition of Personal Property is Bodily Injury or Property Damage to other people. If someone is injured at your house, or you are sued for Personal Injury, homeowners insurance can kick in and provide you and your family with protection against litigation costs and out-of-pocket expenses related to the claim. Probably the most important aspect of Personal Liability coverage is the cost to defend you. When was the last time you checked to see how much an attorney charges per hour? If there is a covered liability claim, your homeowners insurance policy can step in and provide the legal costs to defend you and your family.

Loss of Use / Additional Living Expense

Perhaps the most underrated insurance coverage on the entire Homeowners Insurance policy. This coverage can reimburse you for the additional costs associated with living elsewhere should your home have a covered claim. Easy scenario to describe would be a fire in your home - You still have to pay your mortgage, your taxes, your insurance, your utilities etc…however you may need to now pick up the cost of a temporary apartment while your home is being repaired. The Loss of Use/Additional Living Expenses coverage can step in and reimburse you for these types of costs. It is hard enough having to deal with a fire, to have to bear the burden on additional living expenses on your own would make that situation even worse. When was the last time you reviewed your Loss of Use coverage?

Medical Payments

This can provide coverage for those injured on your property whether by the structure itself, pets or individuals on your property. No one wants to deal with it, but what happens if your brother in law slips on a rug and breaks his leg. Someone has to pay for it. While unusual today, since people tend to sue first, medical payments coverage can pay those medical bills without the need to go into litigation.

Understanding Your Coverage Options:

There are a lot of things that we take into consideration when planning a customized insurance policy. From Cost of Structure to the neighborhood you live in, we look at the necessary needs of your unique situation and assess possible gaps to better connect you with a policy and carrier that fits your needs.

You can’t get through a day without hearing or seeing an ad for an insurance company. They talk about saving you time and throw out a theoretical savings percentage. The messages are the same all over the country and they each claim the same thing – Well how can that be possible that they can all save you time and money when clearing one would be less than the other?

You need an insurance professional that understands your coverage needs and can discuss options with you. We may be able to present you with quotes from multiple carriers but can then discuss the pros and cons of each carrier. We have had experience dealing with our insurance companies on billing, claims and coverage reviews. We can share our first hand accounts with you so you can make the best coverage decision.

How to Save on Average Annual Homeowners Insurance Costs

Insurance carriers do offer some savings based on the individual homeowner or certain characteristics of your home. Some companies offer multi-policy discounts, or mature resident discounts, or credits for alarm systems. The number one way to save on your Homeowners Insurance is to have it reviewed by a Professional Insurance agent to make sure the coverages fit your needs and exposures, and that you are with the right insurance company for you.

Your home holds countless treasures – your memories, personal belongings, and for many their home is their biggest investment. Let Lincoln Brokerage provide you with insurance advice and get you homeowners insurance coverage you need.

We help you save money where you can, and advise on simple solutions if there are any.

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