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loss Archives - Horan Companies | New York Insurance Agency, Baldwinsville, NY

How does Co-insurance work?

By Business Insurance

Question #96 in 100 Insurance Questions in 100 Days Video Series Coinsurance on a commercial insurance policy in New York can have a serious impact on any partial or total loss. This is a critical element in the insurance policy that can not be overlooked. Please review this video explanation so that you do not get caught blindsided.

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What does Gap Insurance do?

By Auto Insurance

Question 46 in 100 Insurance Questions in 100 Days Video Series 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.

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