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An insurance agent explains auto liability coverage limits to a CNY resident.Car InsurancePersonal Insurance

Auto Liability Coverage Limits Explained

Many Central New Yorkers purchase insurance policies without a second thought. Because of that, they don’t fully understand some of the policy details involved. One of those details is an auto policy’s liability coverage limits. You can think of coverage limits like a ceiling. Insurance carriers pay out sums no higher than those figures to cover damages you have caused (such as up to $100,000 to another driver who suffers bodily injury during a crash, if that’s your policy limit). If you don’t have enough liability coverage, an auto accident may cost far more than you can afford. That’s why…
January 24, 2023
A totaled car on the street in Central New York.Car InsurancePersonal Insurance

Comprehensive vs. Collision Insurance: What’s the Difference?

Both comprehensive and collision coverage help pay for vehicle repairs and replacement. But the two types of coverage have their differences. Knowing those differences and the essential functions of these policy components will prepare you for unexpected damages to your vehicle. While neither comprehensive nor collision is required in New York (unless you’re financing or leasing a vehicle), the Horan agency strongly advises our clients to lock in these coverages depending on their circumstances. The protection they offer to the average Central New Yorker is worth far more than their respective deductibles. This article will demonstrate how they’ll benefit you…
January 20, 2023
Abandoned helmet of a bodily injury accident victim in Central New York.Car InsurancePersonal Insurance

What is Bodily Injury Coverage?

Bodily injury coverage, while one of the most vital aspects of your auto insurance policy, is one of the least understood. New York State requires you to have bodily injury coverage to register a car for the road. As an insurance specialist, I’ve written this necessary coverage component into the policies of many clients over the years, but I still had to explain how it works. First and foremost, it is the foundation of your auto insurance policy. Not only is it essential to get your car on the road, but it is also the cornerstone of your policy if…
January 13, 2023
Blog - Teen Driver Smiling Behind The WheelCar InsurancePersonal Insurance

When should you insure your teenaged driver?

Having a new 16-year-old is a big deal for parents. It’s also a big deal for your car insurance company. Leading up to the time that your son or daughter turns sixteen it’s a good idea to begin laying the groundwork for some important changes to your insurance. Insurance rates for teen drivers are considerably more expensive than the rates you’ve been accustomed to as the parent. Forecasting what the changes might look like will help you become better prepared for their successful road-test. Things to consider Does my teen want to get licensed? Once a license is issued for…
February 10, 2022
Why Cheap Car Insurance Is So ExpensiveCar InsurancePersonal Insurance

Why Cheap Car Insurance Is So Expensive

Do you ever find yourself looking for ways to trim your monthly expenses? Perhaps the XM subscription could go, or maybe the cable is finally up for consideration (that home phone line went bye-bye years ago). Or maybe, that money-sucking-always-increasing-car-insurance-policy could use a scalpel. Tempting? Sure. But, before you throw it on your table and go all Dexter Morgan with it, you’d be wise to familiarize yourself with the basics behind all those big numbers. Before we go down that rabbit hole, there’s a secret I’m going to let you in on. Your car insurance rate has much more to…
February 4, 2022
Car InsurancePersonal Insurance

DON’T Break Glass in Case of Emergency!

Don't Break Glass in Case of Emergency! The sound of the car door closing behind you rings in your head, and then it happens. Keys!! You turn and peer into the window, and there they are. Sitting like orphans on the front seat, or hanging from the ignition. Your brain goes through rapid fire scenarios and possibilities as to how you'll resolve this. Do you: Call someone at home to bring a spare key? Use your roadside assistance plan? Call a locksmith? Grab a wire hanger? or.... Bust the window!? If you have comprehensive insurance coverage with a zero dollar…
February 6, 2018
Car InsurancePersonal Insurance

New York Rules that Auto Insurance Rates Can’t be Based on Driver’s Level of Education

Could New York auto insurance rates get smarter? The New York Department of Financial Services (DFS) has finalized a regulation aimed to protect New York drivers from being unfairly discriminated against. The regulation centers around insurance carriers that were using a driver's level of education or occupation data when determining an auto insurance rate. After a multi-year investigation, the DFS came to a couple conclusions. Education played no role in determining whether someone was a better driver. The risk of loss was not higher regardless of a G.E.D. or a PhD. The DFS has given insurance carriers 180 days to…
January 25, 2018
Car InsurancePersonal Insurance

If my car is stolen, what happens?

Question 84 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/Ed1A4bV7pYE Hopefully a stolen car is not something that you will ever have to experience. However, in the event your car is stolen, but later recovered what do you think might happen to it? How does it work with your insurance company? Watch this brief video to learn more.
October 29, 2017
Car InsurancePersonal Insurance

What insurance gaps exist when driving for Uber or Lyft?

Driving for Uber or Lyft in New York State? https://youtu.be/A8KOlHxkCQU Thinking about driving for Uber or Lyft in New York State (specifically central and upstate)? Ride-sharing is an exploding industry which has taken the use of modern technology and made it simple to book a ride with just a couple of clicks on your Smartphone. It's also become another way for people to earn some extra money. If you own a car, can meet some basic background requirements, and are over 18, then you can apply to become a driver. Then, just wait for someone to book a ride with…
October 24, 2017
Car InsurancePersonal Insurance

Does homeowners insurance cover damage to an unregistered vehicle?

Question 66 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/zj7pqyr2pG8 If you have ever taken a car off the road, something quite common here in the Greater Syracuse area, and not considered how it would be covered if it were to be damaged in a fire, well now's your chance! Take a look at the brief video to see how you can make sure that your car is insured when it's off the road.
October 11, 2017
Car InsurancePersonal Insurance

Can one spouse be liable to the other in a car accident?

Question #61 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/E7dU1p2hVfw There is a little known limit of coverage that one can add to an auto policy in New York. It is called supplemental spousal liability coverage. It essentially allows a spouse to sue the other spouse for bodily injury they sustain as a result of an at-fault accident committed by the other spouse. Watch this brief video for more information.
October 6, 2017
Car InsurancePersonal Insurance

Can a DUI get me cancelled?

Question #60 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/6eiXdXQPAeg In New York State your insurance company has every ability to walk away from your policy if you should be convicted of DUI. If you are not cancelled right away then a non-renewal is almost a guarantee. See this short video for more information.
October 5, 2017
Car InsurancePersonal Insurance

What is Underinsured Motorists Coverage?

Question 49 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/I-JwWs3S_BI Uninsured motorist coverage is one of the least expensive portions of a New York auto insurance policy. It protects you from those driving around our state with very limited liability coverage and no money to go after, If you have not looked at your coverage in a while, now's a good time. If you're not sure about this valuable protection, watch this brief video!
September 25, 2017
Car InsurancePersonal Insurance

What does Gap Insurance do?

Question 46 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/OgLCTQvTS3U If you've ever financed a vehicle and suffered a total loss early on in the loan, you might have been upside down. Okay not literally, but you might have had no car, and $3,000 bill left to pay to the bank. Insurance carriers do not base their decisions upon the balance we owe to the bank, but rather the vehicle's current market value. Gap insurance will assist in this area. Watch the video to see more.
September 21, 2017
Car InsurancePersonal Insurance

New York Defensive Driver Course; is it worth it?

Question 32 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/DIN_BvRwXZU When deciding whether or not to take the defensive driver course in New York State when trying to save extra money on your auto insurance. You'd be wise to consider the information in this short video. It's not all that it seems and you could be doing yourself a disservice if your savings is MORE than it is supposed to be.
September 7, 2017
Car InsurancePersonal Insurance

When does a ticket or accident stop hurting your rates?

Question 17 in 100 Insurance Questions in 100 Days https://youtu.be/FFm90v2RHfw This is a common question and one that doesn't always offer a favorable answer. Most insurance companies are going to go back 5-years for all drivers on the policy. Any infraction will impact the overall rate of the policy. This is why having a small claim can often be more costly over time than the actual dollar amount of the claim. Watch the video for more information.
August 23, 2017
Car InsurancePersonal Insurance

When to buy rental car insurance

Will my New York car insurance cover a rental car? https://youtu.be/-jmrPWCsNdk In New York, just about every personal auto policy that we have follows us when we rent a vehicle. The policy would protect you in the event that you were in an accident and caused damage to someone else or to the rented vehicle itself. A claim such as that could be put through your own insurance policy, with one caveat. The one thing it might not cover is the loss of business use associated to the car in which you were renting. For example, as a result of…
August 21, 2017
When a car suffers damage it might not take as much as you'd think to make it totaledCar InsurancePersonal Insurance

How is a car considered totaled?

Question 11 in 100 insurance Questions in 100 Days https://youtu.be/i4emcTmZQ4g Is My Car Totaled? You've probably heard someone refer to their car as "totaled" after an accident. Perhaps you yourself have experienced the same. To many, totaled means non-drivable or completely useless... and destined for the compactor at the junk yard. Though that can be true, you might be surprised to hear that it can take very little to total a vehicle. When you carry comprehensive and/or collision insurance on your auto policy, you are insuring yourself for the actual cash value of the car. Actual cash value or ACV,…
August 17, 2017
Turn in your license plates in New York state or face civil fines and possible suspension. Call Horan Companies for further information.Car InsurancePersonal Insurance

Do I have to return NY license plates?

https://youtu.be/KcD71tNtbcE How to surrender plates in New York For every single day that you hold on to your New York State license plates without bodily injury and property damage liability insurance coverage on those plates, then it’s $8 per day for the first 30 days that you will then have to pay as a fine to the DMV. After that, from 31 to 60 days, the fine increases to $10; from 61 days to 90, the fine is $12 a day. The NYS DMV has detailed information regarding the civil penalty for lapsed plates where you can get the details directly…
August 16, 2017
Car InsurancePersonal Insurance

Is Liability on Auto Insurance Meaningless?

Question 5 in 100 Questions in 100 Days https://youtu.be/9OpbD8gQ8U4 In order to register a car in New York State, you have to first show proof of insurance. Not insurance that protects the car. The state couldn't care in the least if want to protect your vehicle. Instead they are ensuring that you have liability insurance in case you injure someone or damage something. There is a minimum amount that you are required to carry. $25,000 per person $50,000 per accident $10,000 property damage Anything beyond those limits are your responsibility. For example, if you run a stop sign and tee-bone…
August 11, 2017
You have New York auto insurance policy, but what does that little section called no fault insurance mean?Car InsurancePersonal Insurance

How do I use my No Fault Insurance coverage?

Question #3 of 100 Insurance Questions in 100 Days: What is No Fault Insurance? https://youtu.be/Tmm-V4ht6kQ If I were to go out and ask 10 New York drivers what the definition of no fault insurance is, I’d likely get 10 totally different answers, none of which would be fully correct. Admittedly, before I became an insurance agent, I wouldn’t have known much either. Some might think no fault insurance is some strange endorsement only purchased by a small percentage of people, when in fact it isn’t. Every New York auto policy with registered vehicles will have no fault insurance. So if…
August 9, 2017
When you borrow a car in New York State who pays in case of an accident? Call us at Horan and we'll help you understand this common questionCar InsurancePersonal Insurance

My friend crashed my car! Now what?

Question 2 of 100 Insurance Questions in 100 Days https://youtu.be/NXAlHw1JtSE This is one that I get about once every couple of weeks or more. There must be a lot more people loaning out their cars than I thought! As long as you are insured your policy will cover the claim if your friend was in an accident. Of course they had to have been given permission to drive the car first! This is how it works in New York State at least. If you should borrow someone's car, it would be wise to confirm that the insurance is in-fact current.…
August 8, 2017