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In order to meet the basic needs of the public, New York Property Insurance Underwriting Association created in 1968 is a joint underwriting association under the laws of the state of New York.
From the time since its inception, the Association has evolved into a true residual market mechanism, responsive to the varied needs of the insuring public.
New York Property Insurance Underwriting Association insures:
- Buildings (Dwelling and Commercial properties)
- Contents of commercial premises
- Household Furnishings/Personal Property
Three are three options to apply for insurance through New York Property Insurance Underwriting Association:
Option 1:
By means of the website , you can apply for insurance. Click Automated Submissions to the left of this page. Complete the appropriate application form; submit your deposit electronically using a checking account.
Option 2:
By means of fax, you can submit a completed application form. In order to submit your deposit form electronically, you must dial 212-208-9810, using a checking account, then follow the prompts.
Option 3:
You can bring in, or mail the completed application and deposit premium to New York Property Insurance Underwriting Association, 100 William St., 4th floor, New York, NY 10038.
Get your New York property insurance from a company that is licensed to provide its service in the New York State, if you want to get the New York property insurance that satisfies your requirements.
You will also be allowed to take full advantage of your State's insurance law by means of getting a policy from a New York property insurance agency or broker.
Furthermore, in order to get the best coverage that fits your personal situation, discussing your insurance options with a licensed New York property insurance agent or broker will help.
Your New York property insurance will cover your income loss if for some reason you are unable to conduct business for some period of time. Your New York property insurance will also help you pay your debts or loans until your business is set up once more.
There are several other coverage options that you need to consider for your New York property insurance. Throughout the whole process of purchasing your New York property insurance, your agent can offer you some advice and guide you.
You can also contact the New York State Department of Insurance to discuss your New York property insurance options, if you feel like you need the guarantee of service that can only be provided by a government-run agency.
New York property insurance general liability coverage also protects you from any fees you might incur during lawsuits, such as legal fees and lawyer's bills, when someone is put to harm's way because of your business operations.
Your last line of defense against going out of business is the liability clause in your New York property insurance. For instance, someone slips on the floor while inside the company building and retains permanent injury.
If that person ever decides to sue you for damages, you could be out of business if you do not have liability coverage included in your New York property insurance.