On August 1st 2023, a new law came into existence in the State of New York that required all married drivers to be automatically enrolled in supplemental spousal liability coverage with their car insurance company. This means higher insurance rates on car insurance for married drivers; however, drivers may now elect to opt out of… Read More…
Mortgage Disability Insurance Is a Wise Move for Homebuyers
If you are in the process of purchasing a new home, one of the wisest investments that you can make is to purchase mortgage protection insurance. This insurance covers your mortgage payments for a set period of time if you in the unfortunate incident that you become disabled due to an illness or injury that… Read More…
Disability Insurance – Protecting the Financial Livelihood of Your Employees
As a business owner, you value each employee that works for you. You want the best for everyone that positively impacts your business. What if, though, one of your employees experienced a life-changing event – such as an injury or illness – that negatively impacted their ability to work? It has been established that over… Read More…
Insurance Coverage for Unoccupied and Vacant Homes
While it is true that a homeowner’s insurance policy will cover the risks that are outlined within the policy, it is also true that most of these policies will not cover homes that are unoccupied or vacant. While you may think it is safe to allow coverage to lapse on empty homes, it is not…. Read More…
New York Flood Insurance
In early July of 2023, Highlands, New York was completely underwater and a state of emergency was declared as highly devastating flood waters made their way across the area. The Governor of the state had warned residents of flooding that could be “life-threatening”. West Point experienced rains that only occur once every 1,000 years. In… Read More…
What Is Force-Placed Insurance?
Force-placed insurance is an insurance policy that is put into place on a home where the property owner has had the insurance cancelled. This is put into place by a loan servicer, a lender, or a bank. It is also known as “lender-placed”, “collateral protection insurance”, and “creditor-placed”. Other instances where force-placed insurance may be… Read More…
Do I Need Insurance for a Home-Based Business?
Home business insurance is a type of coverage that is designed to protect home businesses and those that own those businesses. If you are a homeowner, your homeowner’s insurance will not usually cover any type of business liabilities. The same holds true if you are a tenant; that is, renter’s insurance will not cover business… Read More…
What Is Property Insurance and How Does It Work?
The term “property insurance” is used in a broad manner to describe a series of various policies that provide a property owner protection coverage for their property or liability coverage. It is designed to reimburse a property owner or a renter of a specific type of structure financial-based reimbursement for the actual structure and the… Read More…
Business Loss Insurance – A Guide for Beginners
While it is true that you may practice meticulous record-keeping and the best of all business practices, there are circumstances that may occur – beyond your control – that could devastate your business. If you are forced to close due to an unforeseen and unexpected issue, you want to ensure that you are covered by… Read More…
What Is Mortgage Protection Insurance?
Mortgage protection insurance is a special type of insurance that is designed to pay off the remaining mortgage balance on your home when you pass away. It is often referred to as “mortgage protection life insurance” and “mortgage life insurance”. The premium associated with this type of insurance remains the same throughout the life of… Read More…