Are you thinking of purchasing a car? Did you know that New York state may require a mandatory photo inspection of a car before an auto insurance policy can be issued?
This inspection documents the existence of the car, its physical condition, and existing options and accessories. It is designed to reduce the cost of automobile physical damage insurance coverage, e.g., collision and comprehensive, and reduce the possibility of fraudulent claims.
Recently, the Department of Financial Services, the state department that oversees the insurance regulations in New York state, adopted new regulations that will make it easier for auto insurance policyholders to comply with the state's mandatory photo inspection rules.
The new regulations include the following changes that will affect policyholders:
An increase in the inspection deferral period from five to 14 calendar days.
A reduction in the minimum time frame from four years to two years for a policyholder to be eligible for an inspection waiver for an additional and/or replacement automobile. This is applicable when the policyholder has been continuously insured for automobile insurance with the same insurer or another insurer under common control or ownership.
The allowance of an inspection waiver when a policyholder under a new policy had the automobile continuously insured for physical damage coverage by a previous insurer that inspected the automobile within the prior two years.
Recognition of the use of new technology, for example, digital photography, electronic storage and retrieval of inspection reports and photographs, and use of email.
The expansion of the current renewal inspection notice requirement from 33 days prior to renewal date to at least 45 days but no more than 60 calendar days prior to the annual policy renewal date in order to track with Insurance Law Section 3425.
The amendment of the definitions used to clarify the types of vehicles subject to the inspection requirement and to establish definitions for a new, unused automobile, durable medium, and new automobile dealer.
If you are thinking of buying a car it's a good idea to give your agency a call before you head to the car dealership. They can help you crunch the numbers to see how much your premium will change. We also can help answer any questions you might have about your insurance policy.
While your landlord should carry coverage for the structure he or she is renting out, the policy probably doesn't cover the contents you've brought into it. This occurs regardless of whether you are renting an apartment, a single family home or even a loft. Fortunately, renters insurance is one of the most affordable coverages you can buy.
There are several variables that are affected by your living situation. For example, the amount of coverage you need depends on how much you have. Renters insurance also offers you liability insurance which would protect you for bodily injury or property damage caused to another person, e.g., your bathtub overflows and leaks into the downstairs apartment or a person is injured during a visit.
Renters insurance protects only the property of the individuals listed on a policy. So, unless your roommate is listed as a named insured, or is a domestic partner, spouse or member of your family, he or she will not be covered and we recommend a separate policy. Every situation is different and we are here to help you navigate your insurance needs. Give your agent a call.
Electric wheelchairs and their cousins, mobility scooters, provide valuable, life changing assistance for those with impaired movement. The impact these vehicles have on lives cannot be overstated. The impact they have on one's bank account is substantial as well.
"A power wheelchair can cost $10,000 to $12,000," according to Paul Tobin, president of the National Spinal Cord Injury Association.
Like any significant investment, owning a five figure wheelchair or scooter brings with it insurance implications. "What happens if it's damaged or stolen?" This is a popular worry. Luckily, it's a possession covered by standard homeowners or renters insurance and exempt from the motor vehicle exclusion. The motor vehicle exclusion requires us to secure separate coverage for cars and trucks. Therefore, homeowners or renters insurance would reimburse you should your electric wheelchair or mobility scooter be damaged or stolen up to your policy limits and subject to policy deductibles.
However, if you have, or anticipate needing such a vehicle, you should call or stop by your agent's office to talk. Such expensive and critical medical equipment may warrant a policy add on called a rider to cover it properly. With a rider, we can be sure the full value of the chair or scooter is covered, and we may even be able to save you the cost of a deductible should you file a claim.
Of course, that just covers owning the vehicle. Concerns emerge regarding liability when you consider operating a wheelchair or scooter.
These are heavy vehicles that can range from 600 to 800 pounds. Add in the weight of a person, propel it down the sidewalk at 8 to 10 mph, and you've got some serious momentum going. Now, take that momentum, run it (accidently, of course) into a car or building or person and you can cause some serious damage.
Luckily, homeowners and renters insurance are here for us again. A standard homeowners or renters policy based on the policy templates created by the Insurance Services Office Inc. offer personal liability coverage starting at $100,000 per occurrence which is defined as "a single accident, or damage resulting from a prolonged exposure to the same set of conditions."
You may wish to increase that amount with a personal umbrella policy. Umbrella policies can extend coverage into the $5-10 million range. Regardless, you really should give us a call or stop by the office to talk. We're always glad to see you, and we'll make sure you get coverage you can afford.
As the leaves start to drop this autumn, we know that temperatures aren't far behind. Now is the time to prepare your homes and cars so you can be worry free and enjoy the pleasures of a winter wonderland.
Once the autumn leaves have finished falling, clean out your gutters. Gutters blocked with dead leaves can cause ice dams during the winter months. While you're up on that ladder, check out the condition of your gutters. Make sure there aren't any leaks or misaligned pipes, and make sure the downspouts carry water away from your house's foundation.
As the wind begins to pick up outside, check to make sure you don't have any drafts. Use caulk and door sweeps to take care of the drafty areas.
Have you considered the amount of insulation in your attic? Experts recommend that you have at least 12 inches of insulation in an attic. It is important to ensure your pipes also are insulated properly to prevent freezing. Don't forget the annual maintenance of your furnace, heating system and chimney. Check the duct work to make sure your vents are well connected and insulated.
Once you've taken stock of your home give our agency a call. Now is the perfect time to make sure you have the right insurance coverage in your homeowners policy, especially if your fall review revealed the need for some costly repairs.
Although modern conveniences allow us to trudge through snow and slush with relatively few concerns, winter travel can be a difficult obstacle to overcome. When a big storm hits, you can count on local crews to work around the clock to keep the roads passable, but will your automobile be ready for winter's extremes? Don't wait until the roads start freezing to find out. Prepare your car now:
Check the antifreeze levels and the firmness of hoses and clamps.
Check the tires for wear and make sure they are properly inflated.
Keep your gas tank filled. This will not only keep you warm and safe if you get lost or stranded, but the extra weight will improve your traction. With a full tank there also is less room for condensation which means your fuel lines are less likely to freeze.
Remember, four wheel drive doesn't help your vehicle stop. You may be able to drive through a bigger pile of snow, but you'll still skid on ice.
If you have a rear wheel drive vehicle consider keeping a bag of sand over your rear axle.
Remember to check your battery.
Even though your car might be ready to roll, accidents do happen. Keep blankets, water and a roadside emergency kit in your trunk. If you can, travel with a cell phone. Before you leave, check the weather reports. When a storm strikes, be cautious and leave early if you must venture out at all.
Remember: If you have an accident, contact your agency as soon as possible to report the claim. They won't leave you out in the cold alone.
It's hard to believe, but the holidays are right around the corner. Are you planning to host a holiday party? Due to the dangers and liabilities involved, your professional, independent insurance agent can help you plan for coverage if a guest is injured in your home. Call your agent before you host your party. Let your agent check your homeowners policy for adequate limits, what coverages you currently have and what coverages you might need.
When planning a gathering, have plenty of nonalcoholic beverages available. Home hosts have a double duty, now more than ever, to be courteous and entertaining, but also to be responsible and conscientious about the alcohol they serve. Most importantly, they must see that intoxicated guests do not get behind the wheel of a car creating a risk of harm to themselves and others on the road. Holiday tradition is important, but sometimes it puts our safety and that of others at risk. We want people to know there are simple ways to reduce these risks.
Limit access to the bar if minors are on the guest list. You should verify your young guests are of age before you serve them an alcoholic beverage.
Have a responsible bartender. Ask a friend or relative you trust to act as a bartender.
Offer a variety of nonalcoholic beverages such as sparkling water, juice and soft drinks.
Create a setting conducive to easy, comfortable socializing. Entertain guests with music, games and dancing.
Always serve food when serving alcohol. High protein foods such as meat and cheese take longer to digest, slowing the rate at which the body absorbs alcohol. However, try not to serve salty foods. They can make people thirsty so they drink more.
Cut off access to the bar one to two hours before the end of the party. Serve nonalcoholic beverages and desserts at that time.
Have a designated driver.
7. When you call the office, chances are you'll talk to a live person and not a machine.
6. If you don't remember your account number, that's OK.
5. Choices, choices, choices. An independent agent isn't obliged to work with just one insurance carrier and make your insurance needs fit that policy.
4. An independent agent will sit down with you to advise you on your insurance coverage needs.
3. An independent agent is based in your community and understands the insurance factors of your area.
2. If you need to file a claim, there's a good chance that the person you talked to the day you bought your insurance policy will be the person who helps you through the claim process.
And, the No. 1 reason to work with a professional, independent insurance agent … to find out the answer give your agency a call or stop by the office. Your agent can help you find the insurance policy that's right for you. We can even review your current insurance policy to make sure there aren't any gaps in your coverage
Call your insurance agent for an Insurance review, and make sure you are covered.
Insure your future. Start planning NOW before it is too late!
