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home insurance Archives - Horan Companies - CNY Insurance Agency

Blog - Man Taking a Selfie Next to a Woman Holding Up Her Hand and Pointing to Her Finger Since They Just Got EngagedJewelry InsurancePersonal Insurance

Protecting the Family Jewels – Do You Have Enough Coverage?

As a homeowner, the first thought regarding insurance is the house – the structure, but what about that shiny jewelry? According to The Knot, in 2021, the average cost of a wedding set in the US was nearly $6,000, and the Northeast has a higher US average of $7,400. The average spending on an engagement ring alone is between $1,000 to $4,000, with only 8 percent of couples spending less than $1,000. Why does this matter? Well, if you have jewelry of value – engagement ring, wedding band, earrings, or family heirloom piece(s) of jewelry – you do not have…
February 24, 2022
Business InsuranceCommercial Endorsement

What is Mechanical & Electrical Breakdown Insurance?

Question 93 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/9UcPkHUTw1A Restaurant refrigeration suddenly ceases up and quits overnight due to a power surge. Equipment is damaged, food is spoiled, and you have to close for 3-days.  You've lost income, your staff has lost pay, inventory must be replaced, and the refrigeration needs replacing. Typical business insurance policy...what happens? Watch this brief video explanation to learn more.
November 7, 2017
Personal Insurance

Do Golf Carts require separate insurance?

Question 90 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/Cd1HNR5yAaE Many times certain things that we think would be insured through another policy, often times are not. That is why if you own something like a golf cart and you are using it away from your residence (as most do), that you make sure you have something in place that will step in if you injure someone or damage something while driving the cart. See more info on this topic in this brief video.
November 5, 2017
General Topics

How come insurance rates go up after claims?

Question 86 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/iDW3YaakK6I Isn't that what insurance is for? Yes it is, and more. However, your rates are based on your past, if something in the future changes, so will the insurance rate. That is the nature of the insurance business. Find out more in this brief video.
October 31, 2017
Personal Insurance

Do home insurance claims last as long as auto claims?

Question 81 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/wbBuP2t8AZw When placing a claim on your home insurance policy it is important to know how long this claim can impact your future premiums. You might find that making a low dollar claim may ultimately cost you more in premium then the claim was even worth. See more information in this brief, but informative video.
October 26, 2017
Personal Insurance

Escrow paid?

Question 64 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/Pc2_qQzW1vQ If you are first time home buyer, a lot can be lost in the shuffle as you move through the process of closing. One item is how your home insurance is paid. Most times, when your homeowners policy comes up for renewal the following year, the payment will be made by your lender. Watch this video for further explanation.
October 9, 2017
Personal InsuranceUmbrella Insurance

How does an umbrella policy work?

Question 33 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/6RTxB2KZApA In New York State, motorists and homeowners continue to find themselves in the middle of liability suits. The numbers of frivolous lawsuits continue to pile-up causing more and more New Yorkers to have to find counsel to defend themselves. We're missing time from work, digging into savings (if there is any) and spending time feeling nothing short of stress. However, those of with an umbrella insurance policy find these otherwise painful situations to be less burdensome. Watch the short video to learn more.
September 8, 2017
General Topics

Does bundling my insurance always give me the best deal?

Question 19 in 100 Insurance Questions in 100 Days. https://youtu.be/sXMwLkhUuuE We've seen the ads: Bundle your home and auto and save!! While that might be true, it might also not always be your best deal! In fact, a large percentage of clients have their home and auto policies split because that deal was better than the bundled price or coverage! Watch more above to see why!
August 25, 2017
General Topics

Is there a way to verify that a contractor is currently insured?

Question 18 in 100 Insurance Questions in 100 Days https://youtu.be/9i5xL_FLQB0 When hiring a contractor, one of the 1st things you should ask is: "Are you insured?" If they say yes, ask for proof (watch the video to see what to ask for). If they say no - well that next step is up to you. Just know that as a property owner, you are liable for what happens in your home. If one of their employees gets hurt, you would be on the hook if an insurance policy was not in force. As the owner of the property you are…
August 24, 2017
Personal Insurance

Why is Renter’s Insurance Important?

Question 14 in 100 Insurance Questions in 100 Days https://youtu.be/jEco2kZO434 Renter's Insurance is one of the least expensive methods of insuring your belongings while also picking up liability protection. If you rent a home, renter's insurance should be part of your budget. On average, it starts at about $10/mo. Watch more to learn what else it does.
August 20, 2017
Homeowners InsurancePersonal Insurance

How does insurance coverage cover detached structures?

Question 13 in 100 Insurance Questions in 100 Days! https://youtu.be/56fNMkT5kL4 Have you ever wondered what would happen if a hail storm came through and damaged your detached 2-car garage, or if a tree fell onto your pool? You have enough coverage for your house probably, but what about the things outside your home? You know, the vulnerable items that sit out in the weather, exposed to all that nature brings. In order to make sure you are covered adequately. Make sure to look under other structures coverage on your home policy. Here you will find exactly how much you have.…
August 19, 2017
Homeowners InsurancePersonal Insurance

Loss of Use, is it Worth it?

Question 9 in 100 Insurance Questions in 100 Days! https://youtu.be/JX3wtXdju3I There is a portion of a New York Homeowners Insurance Policy that is often forgotten about. It is called Loss of Use or Additional Living Expense coverage. It's the amount of money your insurance company will provide to you for expenses incurred due to living elsewhere after a claim. If you were to have a fire loss, and the home were to be uninhabitable, you would still be responsible for property taxes, insurance, and of course, any loan payments on the property. Yes, the bank will expect to be paid…
August 16, 2017
General Topics

Should I inventory my stuff in the case of a fire?

Question 6 of 100 Insurance Questions in 100 Days! https://youtu.be/xNW7qItjrGo You might think the insurance company is going to make you prove every last spool of thread or box of nails. The truth is, the only time it really matters is when you've purchased an unusually high amount of something that most people would only have one or two of, like 10 drills or something. However, I suggest creating a short video of your home or business so that you can have some help recalling what was in it in case of a bad fire. In my experience, most people have a…
August 12, 2017
General Topics

How Does Credit Impact Insurance Premiums

Question 4 of 100 Insurance Questions in 100 Days https://youtu.be/ENbD0qqbjfc Though your actual score might not be used when a company asks to review your credit worthiness, how you've handled your credit will be. Almost every insurance company requires a credit check before a final quote can be provided. This check helps make up your insurance score. The better your credit, the better your score might be. Even with good credit, if you're an inexperienced driver, or have had a few claims, you could still see rates higher than you would probably like.
August 10, 2017