Are you overdue for an insurance coverage review?

 

Hey Hudson Valley!  Our own Philip Bender-Tymon is ready, willing, and able to share you with all of his insurance knowledge.

Are you overdue for an insurance coverage review?

One of the things I encourage my clients to do – and friends and family for that matter – is to conduct a regular insurance review to make sure they’ve got the right coverages.

All too often, people ‘let it ride’ on their insurance policies only to find out that they are under-insured, improperly insured, and/or paying too much.

Here are some things I suggest:

Personal Insurance

• Make sure you carry personal liability as part of your homeowner policy. This protects you and your family for any at-fault injuries or damage they may cause to others ON or OFF your property.
• Consider adding a personal umbrella. That provides an extra layer of personal liability coverage to both your homeowners AND your automobile coverages. And it’s very affordable.
• Make sure you have sewer and drain backup coverage. One incident is all it takes to make you realize how important it can be.
• Tree and debris removal. As recent storms have shown, many people are not aware that some carriers provide endorsements that help homeowners clear their property after a storm. Without it, most basic homeowner policies do not cover those expenses.
• Has your automobile situation changed? Did you retire and stop commuting to work? Did you pay off your car loan? Did you take a defensive driving course? Each one of these, among others, is an opportunity to save money off your car insurance premium.

Business Insurance

• Has your employee count changed? If so, review your workers compensation and disability coverages to see if you need to change it up before you get an audit surprise. Ask your agent about ‘real-time’ workers comp programs that change with you throughout the year.
• Have you added business personal property (equipment, furniture, technology, retail stock, etc.) since you last renewed? If your answer is yes, have your agent update your policy ASAP. A small premium increase is well worth avoiding a loss that is not fully covered.
• Do you operate off-site events or ‘pop-ups’? Make sure your business policy covers them or consider ‘day of’ policies that provide 24 hours of coverage.
• If you perform credit card transactions electronically; store sensitive customer information on computers, phones or tablets; or keep recorded customer information on-site – you need Cyber Liability coverage. One data breach can cost hundreds of thousands of dollars and can drive small business owners out of business in a matter of months.

Spending just one-half hour spent with your independent insurance agent or broker once a year can save you money, time, and heartbreak.

Let us help you – that’s what we’re here for!

Hudson Valley Agents has been helping people ensure that their homes, cars, and businesses are properly and affordably insured for 28 years.   We work with many New York state-based insurance companies (some of which are really local- Kingston and Montgomery type close.) and with larger companies such as Progressive and Safeco (part of the Liberty Mutual family).  Find out what an independent insurance agent can do for you- call, click, or stop by!

#insurelocal  #hudsonvalleyinsurance  #homeownersinsurance  #carinsurance  #businessownerinsurance

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