When you buy a home, protecting it with homeowners’ insurance is essential. Many homeowners have questions about the guidelines and coverage options in their policies. If your home is near Buffalo, NY, our team at L&S Agency Inc. is here to help. Since 2020, we’ve been assisting homeowners like you with their insurance needs.
Monoline Versus Package Policies
When discussing homeowners’ insurance with an agent, you may encounter terms like “monoline” and “package policies.” According to the New York State Department of Financial Services, a monoline policy provides only one type of coverage, such as liability insurance. Liability insurance protects homeowners if someone is injured on their property.
Package policies, on the other hand, combine liability insurance with other types of coverage, such as property insurance. These policies are often more cost-effective than purchasing individual policies separately. Before purchasing a homeowners’ policy, it’s essential to review the types of perils (or losses) that are covered. Speak with your insurance agency to identify potential risks specific to your home and ensure your policy provides adequate protection.
Call Us for Your Appointment Today
Homeowners’ insurance is a vital safeguard against damage to your home. At L&S Agency Inc., we take pride in offering excellent client support and customer service. Businesses and homeowners in the Buffalo, NY, area trust us for reliable insurance solutions. Contact us today to schedule an appointment and let us help you protect your home.
