Everybody likes nice things, but protecting these valuables is a different story. Some examples of valuable articles include jewelry, cameras, collectibles, and art work. Most people do not realize that there are limitations on homeowners insurance and that additional coverage is needed to properly protect their valuables in the event they go missing, are stolen or are damaged. This is why “scheduling” items is so important. You can easily schedule an item by adding it to your homeowners policy. We would simply need an appraisal and current picture of the item(s). Call us today at (516) 484-5200 to learn more.
Keep all of your insurance under one roof
You may have your homeowner’s or auto insurance policy with us, but did you know we can manage all of your insurance policies? Simplify your life by keeping all of your insurance under one roof. Since we’re an independent agency, we look out for your interests rather than the insurance company’s.
In addition to common lines of insurance like home, auto, business, and life, we can help you with any of the following:
CONDO/CO-OP
As a condo only, you have special insurance needs. Although your condo association covers the building itself, you need to protect the “walls inward” such as the kitchen, bath, walls and floors. Also, the association’s policy will not cover your personal property. In addition, condo insurance provides coverage in case you cause damage to other units in your building due to an accidental overflow of water from your toilet, shower or washing machine. Condo insurance is very affordable and most carriers offer multi-policy discounts.
Co-op owners need the same protection as condo owners except that co-op owners need to protect the improvements and betterments made to their individual apartment.
RENTER’S
Think your landlords insurance protects your personal belongings? Think again, most apartment owners must seek their own insurance to cover their personal items. Such items can include furniture, computers, clothing, etc.
FLOOD
Flood insurance is more necessary than ever today. We work hard to find the right coverage for your home in case of any natural disasters while keeping the cost within your budget. Rest easy in knowing your home will be covered for any future flood risks. If you have a home or want to buy a home in a special flood zone area, you should definitely give us a call today for a quote.
UMBRELLA
An umbrella policy provides excess liability coverage, meaning it kicks in once your primary auto or home insurance has paid up to their limits. You can typically purchase significant umbrella coverage for very affordable rates.
VALUABLE ARTICLES
Protect your most prized possessions against loss. A Valuable Articles policy covers your most expensive possessions, including jewelry (engagement & wedding rings), silverware, sports equipment, cameras, computers, musical instruments, and more.
ANTIQUE CARS
If you own a classic car that is driven only on a limited basis, you may qualify for an antique vehicle policy to protect your showroom-worthy investment at a reduced cost compared to normal auto insurance.
Posted in Blog
Adirondack announces Hurricane Deductible Buy-Back program
If you have a policy with Adirondack Insurance Company and own a property in a coastal area of New York, there’s good news for you: Adirondack has announced a Hurricane Deductible Buy-Back program for new and current clients.
Regardless of the mandatory percentage hurricane deductible you have now, you will have the option of buying down your hurricane deductible in 1% increments all the way down to your all peril deductible. This provides you with additional flexibility in choosing between coverage and premium cost.
If you currently have a mandatory hurricane deductible, you will receive a letter like this one (pdf) with your renewal letter.
This enhancement is available for new policies processed after February 1, 2014 and renewal policies effective March 8, 2014 or later.
Questions? Call us at (516) 484-5200!
Flood Insurance considerations for New York Homeowners
Since there are still so many worthy concerns about Flood insurance, I thought I would mention that the U.S. Senate has been fighting to and will soon vote on legislation to put a delay on rate hikes in flood insurance premiums on primary residences until FEMA completes an affordability study. Unfortunately, if the vote passes, the bill would not stop rate increases for most business properties, secondary homes or repeat flood properties. Rates on those properties will increase by 25% until they reach the actual cost of the risk.
For those of you that are unaware, Congress approved the Biggert-Waters Act in 2012 to address the flood insurance program’s $28 billion deficit. The Act was passed to phase out subsidized rates (rates not reflecting factors that accurately risk a risk including the elevation of the lowest floor of the building) and to eliminate rate subsidy on such risks as new policies being purchased in a Special Flood Zone.
Contact us at (516) 484-5200 to learn more about flood insurance and how you may be impacted — especially if you want to buy or sell a home in a Special Flood Zone Area.
4 Reasons you need Travel Insurance for your next trip
Only one-third of Americans insure their vacation trips, and it’s no surprise why that figure is so low. Some have never heard of travel insurance, some believe they already have adequate coverage, and others think it’s an unnecessary expense.
What is travel insurance?
Travel insurance coverage can be as narrow or as broad as you need it to be. The most popular kind, package plans, can provide coverage for trip cancellation or interruption, travel delays, baggage loss or delay, emergency evacuation, and medical expenses. Travel insurance premiums are based on your age and the cost & length of your trip. (Get a free travel insurance quote now)
Not all health insurance plans automatically cover you for medical expenses incurred while traveling abroad, so you should check with your health insurance provider to find out if you need separate travel medical insurance.
Why should you have travel insurance?
- Travel insurance is cheap
A comprehensive travel insurance policy typically accounts for as little as 5% of a vacation’s cost, providing thousands of dollars worth of protection for the equivalent of a restaurant meal. Protecting a single trip isn’t as expensive as you thought it would be.
- Vacation costs are an investment
You protect your home, your car, and your health with insurance. The cost of your vacation is just as much of an investment—in your rest and relaxation. The average American spends $2,700 on a vacation trip, a considerable sum that is worth protecting from unexpected events.
- Travel insurance comes in handy
A survey by the US Travel Insurance Association found that 17% of travelers who purchase insurance file a claim, more than double the rate of policyholders who file a claim on their homeowner’s insurance. Travel insurance provides affordable protection when you need it most.
- Plan without worry
If you’re planning a trip far in advance, spending a significant sum, or dealing with complicated vacation plans, travel insurance gives you the flexibility to make worry-free arrangements. Recoup nonrefundable costs, don’t sweat when a problem crops up, and enjoy your vacation the way you were meant to—all you need is travel insurance.
Get a quote now
Get a free travel insurance quote right now, or give me a call at (516) 484-5200 to learn more. You can also email us at info@ccpinsurance.com.