Benefits: Homeowners, renters insurance can come in handy

Standard homeowners’ policies are used throughout the insurance industry, which means the same policy essentially can be bought from any insurance company. But variations among policies do exist.

Four standard policies are available for people who live in private homes. There is a policy for condominium owners, and another for owners of cooperatives and renters.

Homeowners’ policies range from basic, which insures the home against perils, to comprehensive, which provides coverage for structures and belongings. Condominium insurance covers additions or alterations the owner has made to the unit, as well as the owner’s belongings. Renters’ insurance protects the renter’s belongings, and co-op owners can purchase additional coverage for their additions and alterations.

Bargaining unit members are encouraged to compare their policies with the NYSUT Benefit Trust-endorsed personal property insurance program through MetLife Auto & Home. In addition to the group plan discount to all NYSUT members, other discounts are offered.

Through the convenience of one toll-free number, members can get free, no-obligation quotes, apply for coverage, receive customer service and report claims. Call (800) GET-MET-1 (800-438-6381). The claims reporting service is available 24 hours a day. To expedite the call, have current policies on hand.