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New York state has a coinsurance policy which requires that you have an insurance policy which will cover at least 80% of the value of your home at the time of loss. If you don't then you have to pay a penalty fee.

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New York state has a coinsurance policy which requires that you have an insurance policy which will cover at least 80% of the value of your home at the time of loss. If you don't then you have to pay a penalty fee.

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