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underinsured Archives - Horan Companies - CNY Insurance Agency

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 sledder cutting through deep snow in Central New York.Personal InsuranceSnowmobile Insurance

Do I Need Snowmobile Insurance in Central New York?

It’s that time of year again when Canada, our neighbor to the north, sends cold air across the warm surface of the Great Lakes, giving us that heavy lake-effect snow we love to play in. Central New York is almost unrivaled for its nor’easters, snow squalls, whiteouts, and polar vortexes that make for the perfect snowmobiling landscape. For some, this weather creates a longing for life in the Deep South; for others, it’s an ideal playground. If you’re reading this, you’re probably about to join over 100,000 New Yorkers who own a snowmobile registered with the Department of Motor Vehicles.…
December 1, 2022
Blog Post - Replacement Cost VS Actual Cash ValueHomeowners InsurancePersonal Insurance

Replacement Cost vs. Actual Cash Value

Regardless of the type of property you have insured, you either have replacement cost or actual cash value protection. Does that sound like some insurance jargon to you? Well, it is. However, it’s critical jargon that you need to fully understand if you ever have to make a claim on your insurance policy. Home insurance, personal property insurance, and auto insurance are based on replacement or actual cash value coverage. Let’s dig into the definitions and differences between both. Replacement Cost – What it does The best way to describe replacement cost is through a couple of everyday examples. What…
April 21, 2022