Question

This refers to a pool of insurance companies in New York State that writes fire insurance policies for homeowners, as well as coverage for vandalism and malicious theft?

Answer 1

There are different types of Association. New York Property Insurance Underwriting Association is known to be a pool of insurance companies in New York State that writes fire insurance policies for homeowners

• NYPIUA was known to be set up in 1968. This is due to the follow up to the laws of the State of New York to give basic property insurance such as fire, extended coverage, vandalism and malicious mischief, etc.  to its consumers who cant get such coverage in the free market.

An underwriters association is known to be an industry group set up for professionals in the insurance underwriting profession.

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