Albany/Schenectady Insurance Types
Please click or scroll for more information about the various insurance policies we can help you with.
It is almost impossible to affordably own a vehicle without car insurance. No one is invincible and accidents and damages can be very costly. It is important to make sure you have adequate coverage the not only fits your lifestyle, but also your wallet. At the very least, most states require that you carry auto liability coverage, but it important for your own benefit to have a policy that has much more.
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An auto insurance policy actually consists of several different coverages. Required in most states, it is something all drivers must posses.
Actual Cash Value (ACV)
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A homeowners insurance policy is basically a contract you make with an insurance company. In exchange for your premium, the insurance company will pay for financial losses related to your home or your property during the period of the contract. The insurance company also agrees to pay for damages resulting from injuries or damage to other people for which you are held legally responsible. When you’re searching for homeowners insurance, you’ll want to shop for the type of policy that will fit your needs best, with adequate protection for your valuable possessions and supplemental coverage to protect against natural disasters that are not covered in your basic policy. If you’re like most people, the owner of the mortgage of the home will require homeowners insurance. Let us at Hopmeier Evans Gage Insurance work with you to find the right coverage page. Contact us today!
Homeowners Insurance package policy covers the following:
Basic homeowners insurance covers 11 types of disasters:
Floods, earthquakes, war, nuclear blasts and normal wear and tear are excluded from homeowner’s insurance coverage. However supplemental policies can be purchased to cover floods and earthquakes.
When you’re out on the waterways, there’s always a chance that something might go wrong. We hope it doesn’t, but the most important thing you can do is make sure you’re covered if it does.
Things to Consider About Watercraft Insurance:
Medical Payments Coverage
Physical Damage Coverage
If you plan to spend time on the water, you need to plan for the unexpected. Enjoy your time on the boat, but protect what you’ve worked hard to get by including adequate Liability Coverage. If you or someone else in your household has a boating accident that injures someone else (including a swimmer or water skier) or damages someone else’s watercraft or dock, you’ll feel better knowing that you have coverage in place to help manage the situation. You can choose a lot of liability coverage or a little – it’s up to you. We’ll show you what coverage and limits may be available and how to get the maximum personalized protection you need. Whether you’re a lifelong boater or just getting started, it’s always a good idea to take a close look at your new or existing marine policy. We can help.
10 Reasons To Contact Us For Your Motorcycle Insurance
Having the right snowmobile insurance covers you and others on your sled. Having an agent that can help make sure that coverage is correct and explained to you is where we come in. We want you to enjoy your rides without worrying about the “what ifs.” Let us prepare you for the unexpected with the right coverage.
Snowmobile Insurance Coverage can help with:
Snowmobile InsuranceCoverage is triggered or started when the person that ran into you and is at fault for the accident does not have any liability insurance or they only have the state minimum required to ride on state trails. Sometimes, the small choices in life make ALL the difference later. Do not be fooled, the buying of cut- rate, striped down insurance policy might not be the best choice. If it is, great, we will tell you. Heck, we can even sell it to you that way. However, you should be aware of what is available to protect you. The wrong descission here, and the wrong coverage can affect you for a life time.
Umbrella insurance refers to a liability insurance policy that protects the assets and future income of the policyholder above and beyond the standard limits on their primary policies. Umbrella Insurance is distinguished from excess insurance in that excess coverage goes into effect only when all underlying policies are totally exhausted, while umbrella is able to “drop down” to fill coverage gaps in underlying policies. Therefore, an umbrella policy can become the primary policy “on the risk” in certain situations. The term “umbrella” refers to how the policy shields the insured’s assets more broadly than primary coverage. Typically, an umbrella insurance policy is pure liability coverage over and above the coverage afforded by the regular policy, and is sold in increments of one million dollars.
Do You Have Enough Liability Insurance?
Lawsuits Are Not Limited to Your Net Worth
Liability Insurance Starts When the Others Stop
Give yourself peace of mind and protect those that matter most to you.
Advantages of the Death Benefit:
Term life insurance in New York provides life insurance protection for a specified period of time. If you don’t currently have life insurance, term can be a good place to start. It’s generally less expensive than permanent life insurance, and is available in varying term periods with fixed premiums from a one- (annual renewable term) to 20-year period (level term). Term insurance can sometimes be converted to permanent coverage, providing you with flexibility as your needs change.
Whole Life Insurance is a form of permanent life insurance that remains in force during the insured person’s lifetime, provided the premiums are paid as specified in the policy. Whole life insurance can build cash value.
Protect Your Possessions When You Rent. You may be surprised to learn that your landlord is not necessarily responsible for any damages to your personal property if there’s a fire, flood, vandalism or burglary. And, even if someone’s injured in your apartment, you may be liable for their damages, not your landlord.
It Only Costs a Little to Protect a Lot
Flood insurance in NY provides protection for destruction and financial devastation caused by floods. Although it may not seem like much, even a few inches of water can cause damage, resulting in thousands of dollars in repair and restoration costs. Homeowners insurance does not typically cover floods. Purchasing North York Flood insurance through Hopmeier Evans & Gage Insurance Group can protect you.Although it may not seem as necessary as homeowners insurance, flood insurance is important if you plan on keeping your home safe and your possessions secure. Flood coverage offers protection against losses that result from heavy and lengthy rain falls, storm surges, blocked storm drainage systems, snow melts, etc.
Different types of policies are available based on your property’s location and flood history:
We bring together a team of financial planning professionals dedicated to helping you achieve peace of mind in a complex world. The personal check list of goals is SO very important here. As well and State requirements.
How Do I Chose the Right Type of Life Insurance To Protect My Family?
Making a decision about the right type of life insurance to purchase is a very important one. Some of the questions you might have are: (What exactly is life insurance? How does it work? And what is it really for?).
For more information, please go here.
Business Owner Insurance
Business Owners Policy
At Hopmeier Evans & Gage Insurance, we are pleased to provide affordable BOP Insurance solutions that can meet all of your unique risk exposures.
What is General Liability Insurance?
Do You Need General Liability Insurance?
General Liability Insurance covers the assets of a business when it is sued for injury, property damage, mistakes, etc. Basically, it protects the wellbeing of your business.
Contact us today to discuss your situation.
Commercial Auto Insurance
If you’re a business owner/operator, than you probably have a Business Owner’s Policy. One of the biggest mistakes a company can make is assuming that a BOP will cover everything. There are many separate policies that every business should consider in addition to their BOP.
A prime example of this would be Commercial Auto Insurance. Sure, it seems logical that your average BOP would include coverage for the cars used by your company, but this is not the case. In order to get insurance for company vehicles, business owners must purchase a Commercial Auto Insurance policy.
Typically, coverage under a Commercial Auto policy has limits of $1,000,000. Policies must have liability coverage attached to them as well. For example, a policy with $1,000,000 worth of coverage generally has AT LEAST $100,000 of liability coverage. Commercial Auto coverage can also protect businesses that have drivers who do not qualify as employees. If your business has non-employees operating its vehicles from time to time, you should add what is called Non-Owned/Non-Hired coverage to your Commercial Auto policy. This covers people who do not work for you, but may drive a company car. This also protects people who drive personal vehicles for business use.
Errors & Ommissions Insurance
Could your business run into these situations?
A wedding planner reserves the reception hall, the band, and the caterers for May 22 instead of May 29. Everyone shows up except for the wedding party and guests. Who pays?
What is Errors & Omissions Insurance?
A company that chooses not to purchase E&O coverage is taking a serious financial risk. These types of losses are not covered under a general liability policy, and even if you aren’t at fault, litigation is both time-consuming and expensive. As with any insurance, the best time to buy an E&O policy is before the risk is taken. Customers will also feel secure knowing that if an error occurs, they will be compensated.Most E&O policies cover judgments, settlements, and defense costs. Even if the allegations are found to be groundless, thousands of dollars may be needed to defend the lawsuit. They can bankrupt a smaller company or individual and have a lasting effect on the bottom line of larger companies. If you’re in any business where you provide a service to a client for a fee, you’re subject to E&O exposure. Even with the best employees and the best risk management, there is room for human error. No one is perfect.
Rental properties are important investments and often valuable sources of income. What would happen if the buildings you own were damaged? In addition, what if a tenant or guest was injured on your property?
In addition to property and liability coverage, a landlord insurance policy provides for special risks landlords may face, like:
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