Nuveen Insured New York Dividend Advantage Municipal Fund operates as a closed-end management investment company. The fund invests in tax-exempt municipal bonds. Its investment portfolio includes investments in consumer staples, education and civic organizations, healthcare, housing and multifamily, housing and single family, tax obligations, transportation, utilities, and water and sewer sectors. Nuveen Asset Management serves as the investment advisor of the fund. Nuveen Insured New York Dividend Advantage Municipal Fund was established in 1999 and is based in Chicago, Illinois.