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Lighting striking a house in Central New York. One of the covered perils of hazard insurance.Homeowners InsurancePersonal Insurance

What is Hazard Insurance?

If you’ve been through the Central New York homebuying market, you’ve probably heard the term “hazard insurance” used to describe a necessary policy component. Some mistake hazard insurance as a separate and distinct policy from homeowners insurance, but it’s not. The Horan agency has worked with many homebuyers who had this coverage portion built into their homeowners policy. In this article, we’ll clear up the confusion and leave you with a better understanding of what hazard insurance is and why lenders require borrowers to purchase it. The Mortgage Loan Hazard Insurance Requirement If you walk into a bank and attempt…
February 1, 2023
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
Select the right insurance agent for your policy search.General TopicsPersonal Insurance

Insurance Agent or Broker: Which Should I Choose?

To the layperson, the insurance industry comes with complexities, reams of paperwork, and mind-boggling logistics. And buying insurance is no less complex. If you’re the average CNY resident, purchasing insurance has never been more accessible since it can be done through various methods. You can use agents, brokers, or, in some cases, “buy direct” from an insurance carrier. Each method has its pros and cons, and it can be difficult for the average person to know which option is best for their specific situation. That’s why it’s critical to conduct careful research before buying insurance. Clients who choose Horan as…
January 10, 2023
Young female renter holding the key to her new CNY apartment.Personal InsuranceRenters Insurance

Why Young Renters in CNY Need Renters Insurance

You’ve made it to independence, which means holding a shiny set of keys to your first apartment. The kitchen is all yours, even if you don’t plan on using it much. And the days of waiting in line for the bathroom are over. You’ve also got more rooms than you know what to do with, and you’ll need more stuff to make the echoes go away. When you’ve completed your buying spree, add one more necessary item to the list. But Why Do I Need Renters Insurance? I’m glad you asked. Here’s the thing. In a perfect world, nothing ever…
December 8, 2022
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 - Group of People Men and Women Looking Shocked at Mobile PhoneGeneral Topics

Why does my insurance keep going up?

Have you ever thought to yourself or said aloud: “Why does my insurance keep going up?”. If so, you are like millions of others who have wondered the same. Every year, Car, Home, Workers Comp, Health, Umbrella, General Liability, and almost every other type of insurance increases in cost. What’s worse? You have done nothing to cause this. What can you do about it? Annual rate increases are something we’re very used to. In fact, we have been talking to our clients about this situation for years. Insurance carriers prefer we agents not pay so much attention to the price.…
May 9, 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
Blog Post - Do I Need Renters InsurancePersonal InsuranceRenters Insurance

Do I Really Need Renter’s Insurance?

No one ever wants to pay more bills than they have to, but one bill if you are a renter you should welcome is a renters insurance policy. The most significant benefit is that if you have a policy with the same insurance carrier as your car insurance, the multi-policy discounts you receive may make your renter's policy seem free. The average in New York is $142, or about $12 per month – a renters insurance policy protects more than you think. Let's look at a couple of examples. The first example is the obvious one – a fire (or…
March 31, 2022
Blog Post - Renters InsuranceLandlord InsurancePersonal Insurance

Landlords, Protect Yourselves and Have Your Tenants Purchase Renter’s Insurance

When leasing a house or an apartment to others, I recommended that you have your tenants purchase a renter’s insurance policy. Do not be passive here, no matter how eager you are to find someone to rent your available property. As the house, condo, townhome, multi-family, or apartment building owner, the buck stops with you. You carry the weight of responsibility and are liable for injuries on your property. That is difficult because you rely on your tenant’s (or your tenant’s children’s) judgment to keep you from being exposed. Even the most well-meaning tenant might not be able to prevent…
March 25, 2022
Blog - Colorful Kid's Pastel Drawing of a House on Fire and Pastels are Laying on the Table Next to the DrawingPersonal Insurance

Insurance Claims: Frequency vs. Severity

A high frequency of small insurance claims can have a longer-lasting negative impact on you than a single high severity one. It is an unwritten rule in the insurance industry; the fewer claims, the higher the likelihood of having the policy renewed. It can be challenging to square this philosophy with the mindset of “That’s what insurance is for!”. There is nothing wrong with expecting that a loss, when covered, will result in a paid claim. The general point of an insurance policy is to make you whole again. If a fire breaks out in our home, we will claim…
March 17, 2022
Blog - Baldwinsville Little League LogoSponsorships

B’ville Little League

No matter how popular other sports have become, the game of baseball remains the national pastime. People of all sizes can play baseball. You can be a slow runner but strong enough to clear the centerfield wall, and you can have limited strength but be fast enough to beat out a ball hit to deep third. For children, both girls and boys, baseball is a game that teaches patience and humility. One of the most excellent places to learn and enjoy the game is your local Little League chapter. In Baldwinsville, we have been fortunate to have the Baldwinsville Little…
March 11, 2022
Blog - Hooded Man Posing in the ForestPersonal Insurance

Insurance For Vacant Land

Vacant land insurance is one of the easiest things for an insurance agent to quote, and it’s especially easy when the land is actually vacant. To know when a property is considered vacant, you must first see how an insurance company defines vacancy. Without understanding this specific definition, you could find yourself with an insurance policy that ends up being void when it comes time to file a claim. Vacant Land: A tract or parcel without any structures or improvements. Whether you have an empty lot, acres of woods, or a stretch of water frontage on a unique parcel, they…
March 10, 2022
Blog - Person in a Black Hoodie with Sunglasses, Black Gloves, and with a Black Mask Stealing an Open Laptop in a Car with the Window OpenHomeowners InsurancePersonal Insurance

Insuring your things when your things are gone.

When your possessions leave your home, how are they insured for loss? If your stuff became damaged due to a car accident, fire, or vandalism, where would you turn to have it replaced? What if your earrings came up missing from your hotel room? How about if the Mac Book Pro was no longer in your car? What happens when your things are away from the insured premises? Insurance policies are rife with exclusions, definitions, and tons of insurance jargon. Reading the policy on the first try might not provide you with a clear answer, and it might not on…
March 2, 2022
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
Blog Post - Over-InsuredGeneral Topics

Yes, you can have too much coverage.

Ask most insurance agents, and you’ll get the same answer: “You can never have too much insurance” they’ll say. Well, if that were true then we’d all be insuring our chest hair like Tom Jones, or our booties like J-Lo. Tom and Jen aren’t over-insured. You, me, and pretty much everyone you know, would be over-insured with those policies.  Being over-insured doesn’t have to just be about some money-making body part. There are many ways you can become over-insured. These are the policy types that are most often selling you more than you might need:      1. Homeowners Insurance…
February 17, 2022
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
Blog - Pit Bull Mix Raven Smiling at the CameraHomeowners InsurancePersonal Insurance

The Dog Days are Over (but I know some shady cats)

When the clock strikes midnight on January 28th, 2022, New York State’s Pit Bulls, Rottweilers, Dobermans, and more will be throwing a big party…a house party to be exact. This is when New York governor Kathy Hochul’s legislation against dog-breed restrictions by insurance carriers takes effect. Up until now, home insurance carriers that were approved to offer insurance policies in New York were permitted to turn-away prospective customers based solely on the breed of dog the customer owned. Each homeowners’ insurance carrier had its own list of forbidden breeds. If you were looking for a new home insurance policy, you…
January 14, 2022
Blog - 6 Weather Resistant Building Materials to Protect Your HomePersonal Insurance

6 Weather Resistant Building Materials to Protect Your Home

A poorly built home made out of shoddy materials is a high risk to everyone involved. From the physical threat to those who own the house to the financial and legal risk of those who built it: this is something, you don't want to take on. Instead, every home must be built to last or updated later on with high-quality materials to improve longevity. Each of these materials can help homes weather any storm and should be considered for your next project. 1. Siding Built for More Than Aesthetics   Many people first think of color and texture when getting…
August 20, 2021
Blog-Homeowners-PolicyHomeowners InsurancePersonal Insurance

My Homeowner’s Policy Covers Fire, Right?

As a personal lines insurance agent for many years, I cannot say I have seen it all. However, I have seen a lot. I think the more important thing is what I have not seen, but very easily could have. I apologize if this seems cryptic, so I’ll explain. For most homeowners, their initial response is, “Yes, my house is insured if it catches fire!” and usually they would be correct. This is not about the usually. This is about the unusual that I’m beginning to see more and more frequently. “The House is for Sale! We’re out of here!”…
January 22, 2021
General Topics

Business Unusual

Business Unusual - MaryAnne Williams; Executive Director of GBCC. Baldwinsville is a truly exceptional community and 2020 has been an example of how we work together, particularly in times of crisis. Greater Baldwinsville Chamber of Commerce (GBCC) membership consists of individuals, businesses, churches, civic groups, and other organizations, and it was heartening to see these entities cooperating during the shutdown to try and keep everyone and everything afloat. I am always particularly impressed by the businesses that collaborate with other businesses, even when they are technically competitors. They understand that by working together, they all benefit. I am also amazed…
August 10, 2020
General Topics

After the Fire and Rain

What Happens After the Fire's Out or the Water Stops?   By Local Guest Blogger: Lorraine White of Property Restoration, Inc.   12-Step Restoration Procedure Evaluate your Emergency- Get to safety and call 911 for a true emergency.   Call your insurance agent- Report the claim. If it’s after business hours, call claims and take notes for any questions you want to ask your agent.   Selecting Restoration Services- Know your options! You have a “right” to choose which Water/Fire Damage clean-up company come into Your Home. It is nice to have a referral of a company that is known. Check Google Reviews and other avenues to feel confident with your choice.  …
July 7, 2020
General Topics

Top 10 Weirdest Insurance Claims

Top 10 Weirdest Insurance Claims Protecting yourself in the event of damage, loss, illness or death is what insurance is for. As an adult, you most likely have several types of insurance: car, life, homeowners, etc. If your house catches on fire or you get into an auto accident, you file a claim to receive compensation for replacing or fixing what you’ve insured. However, insurance goes far beyond auto, home and life. When it comes to claims, there have been more than a handful of offbeat occurrences. Here are the top 10 weirdest insurance claims and policies to date. 1.…
June 26, 2020
General Topics

Phase II COVID-19 – HOW IS IT AFFECTING THE CNY REAL ESTATE INDUSTRY?

Phase II COVID-19  - HOW DOES IT AFFECT THE REAL ESTATE INDUSTRY? By: Local Guest Blogger; Tracey Kline of 315 Realty Partners in Baldwinsville We have all had to adjust to a new way of life and I am sure you are thinking as I am, we will not be going back to “normal” any time soon. The Real Estate industry has certainly seen some changes during the unprecedented global pandemic. That being said, “Real Estate Must Go On”. If you have not been actively working to buy or sell a home, you may not know of all the changes…
June 22, 2020
Giving BackTeam Horan

A Gift to Baker High Seniors

Baker High Seniors Receive a Gift from Horan and Erie Insurance. On Tuesday, May 26th, we at Horan Companies presented Baker High School Principal Kris Denton with a gift for select students of the Baker High Class of 2020. With a little help from Erie Insurance, we were able to purchase one thousand dollars worth of pizza and wing vouchers. Exactly 100 hundred vouchers were purchased evenly from local Baldwinsville restaurants; Pizza Man and Angry Garlic. Principal Kris Denton Receives 100 Vouchers The idea came when Erie Insurance offered a financial opportunity for its agents to give back to their…
May 27, 2020
EPL Insurance in the workplaceBusiness InsuranceEmployment Practices Liability Insurance

#MeToo and EPL Coverage

#MeToo and EPL Coverage   Since the #MeToo movement started in October of 2017, many powerful predators and employers have been brought to justice and been rightfully punished for not only preying on their employees, but for violating laws regarding discrimination and wrongful termination. While this is a great improvement for people in the workplace, some business owners feel they might be at risk for being sued because an employee might file a suit believing they were terminated or not hired based on sex – a clear violation of Title VII of the Civil Rights Act of 1964. In the…
January 10, 2020
Personal InsuranceRenters Insurance

Unmarried Couples & Insurance

Unmarried & Uninsured? As people continue to delay marriage and cohabitation rates increase, the amount of unmarried partners buying insurance will increase. However, being "unwed" while living together can cost you money or protection from an insurance perspective. When married couples are on the same policy there are more discounts . Not to mention improved tiering, consolidated billing, plus other benefits. This is changing rapidly and now many unmarried couples can buy insurance at a competitive rate compared to married couples. Caution... However, there are some nuances to be aware of especially if you decide to move in with your…
December 6, 2019
Homeowners InsurancePersonal Insurance

The Absurd Value of Homeowner’s Insurance

The Absurd Value of Homeowner's Insurance Homeowner's insurance is one of the most common forms of insurance because similar to cars, many lenders won’t allow you to buy a home without first having insurance in place to protect it. Those lenders understand how important homeowners insurance is. When you break down everything it covers, the premiums you pay every month can seem like a steal. The average homeowners insurance premium is somewhere around $1,000 a year. This can be higher or lower depending on where you live. For the math though, $1,000 is a nice round number that will make…
November 1, 2019
Business Insurance

New York State Paid Family Leave Update

On August 31st, New York’s Department of Financial Services (DFS) published the NY Paid Family Leave (PFL) rate for the 2019 calendar year. For 2019, the maximum contribution rate for Paid Family Leave will go from 0.126% to 0.153% of the employee’s gross annualized wages capped at the new annualized New York State Average Weekly Wage (NYSAWW) of $70,569.72* per year (learn more here);  which translates to a maximum annual premium contribution of $107.97 per employee. The rate for Paid Family Leave has been increased 21.4%. This takes into consideration the increase of benefits for 2019 which has also been confirmed as part of the rate announcement. …
September 6, 2018
Homeowners InsurancePersonal Insurance

Is your landscaper or that deck builder insured? Does it Matter?

When others do work at your house, should they be insured? As the summer months come upon us, contracting season goes into full bloom.  New patios and decks or weekly grass cutting bring contractors to your doorstep. They provide estimates, plans, ideas, and more. What about insurance? What is said about that? Is it on your list of things to ask about? It needs to be. What's the risk? Home Ownership 101. What happens on your property is your responsibility. That's right...yours and yours alone. Just because someone has fancy graphics on a truck or a business card, does not…
May 14, 2018
Motorcycle InsurancePersonal Insurance

Too Many Motorcycle Riders are Dying

Motorcycle Fatalities at Their Highest Rate Since 2008. It's March, and that means warmer weather is coming. It also means motorcycle season is about to begin once more. This is an exciting time for many bike enthusiasts. The opportunity to be out riding during Central New York's few warm months is merely a dream between October and April. As we move toward making those dreams come true, we must first face some hard facts. Riders are dying. They're dying at a rate not seen since 2008. 2016's totals (most recent published statistics) yielded 5,286 fatalities. To put it into perspective,…
March 6, 2018
Personal Insurance

Do you think your house is over insured?

Do you think your house is over insured? Have you asked your agent: "Why is my house insured for so much? It isn't worth that!" It might be the most asked question in ALL of insurance (except for health insurance, which has its very own continent as far as insurance questions are concerned). I have a client who buys a house for $140,000. They call for an insurance policy. The insurance value on the house comes in at $225,000. The confusion ensues. Why is there such a discrepancy between what the insurance company thinks your house is worth, compared to…
February 16, 2018
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
Personal Insurance

Realtors, Loan Officers, & Attorneys: The home insurance transaction is not what you think.

3 Things to Know About Your Buyer's Homeowner's Insurance As a professional who is a part of a residential real estate transaction, you know that homeowner’s insurance is a critical part of the closing. However, there are three things about it that could make or break your deal: The effective date of the policy is the effective date. If you insist on the buyer/borrower clearing the underwriting hurdle for a paid receipt and binder, beware. Once bound, it cannot be changed. Unlike a closing date, that works as an on-or-about kind of date, an insurance policy is different. A binder,…
January 31, 2018
Business Insurance

New York Paid Family Leave

New York Paid Family Leave Commences New York Paid Family Leave has officially begun (Jan. 1st 2018). But...what is it? I've talked to a large number of employers and an even larger number of employees who have no idea what it is. Like most insurance coverage, understanding New York Paid Family Leave seems like a daunting task. However, after a thorough review, I can tell you, it isn't. What is New York Paid Family Leave? New York Paid Family Leave is a mandatory benefit for non-public employees. It provides wage replacement when temporarily leaving work for a specific life event.…
January 29, 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
don't let frozen pipes in syracuse new york happen to youHomeowners InsurancePersonal Insurance

Have you heard that one about the exploding pipe?

We choose to live this way. Maybe that's the problem. We could all band together and begin the mass exodus out of Syracuse. Perhaps the northeast altogether? When the average high temperature resembles a pro-golfer's score through 3 holes, things get tempting. Alas, we will forge on and swear to never complain about the heat in August. In the meantime, let's be sure to keep the heat on and run the water. Bursting pipes and water damage are some of the most frequent claims in the wintertime. While a standard home insurance policy will provide coverage for such a claim,…
January 18, 2018
Example of a an employee getting injured and needing workers compBusiness InsuranceWorkers Compensation

What does workers comp insurance do?

Question 100 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/zicjRLQFXZI Workers’ Compensation is typically the largest part of a business’s insurance expense. It applies to workers who are injured or become ill due to their job function or environment. It also compensates for lost wages. The wages are replaced up to a certain percentage amount. There is a seven-day waiting period in order to do that. It is not the same as short-term disability. Short-term disability covers for injuries and sicknesses that occur away from one’s employer. Workers’ Compensation also covers unlimited amounts of medical expenses that happen…
November 14, 2017
War InsuranceHomeowners InsurancePersonal Insurance

Are Acts of Terror or War covered on home and auto policies?

Question 99 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/k7YnL4RGiZo March 10, 2022, ***Update*** Based upon current events, articles like these have become very popular. We strongly encourage you to contact your insurance agent with additional questions that are not answered here.    War Insurance? An act of terror. An act of war. They are not the same. One will be insured while the other will not. If you have a homeowners or auto insurance policy or any other sort of insurance policy that protects your property, if an act of war were to occur within the United…
November 13, 2017
Business InsuranceBusiness Owners Insurance

How does Co-insurance work?

Question #96 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/nO5TC2tCW2c 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.
November 10, 2017
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 TopicsInsurance Terms

What are loss runs?

Question 89 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/s7l1_GpXgQk If you are a business owner, or an employee of one who has the responsibility of handling the insurance, you've probably been asked for these before. To see what loss runs are, and why it's hard to change insurance companies without them, click on this brief video explanation.
November 3, 2017
Business InsuranceGeneral Liability Insurance

How does Completed Products and Operations liability work?

Question 88 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/-c4Lv31AEE4 If you've ever delivered a product back to a customer after you've worked on it, or built something new for them, what would happen if you forgot to tighten the last screw? What if as a result someone was injured? How would that work on your insurance policy? Take a look at this brief video to learn more.
November 2, 2017
Business Insurance

Does a new business have difficulty getting insurance?

Question 87 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/JnMoP7GJV2c When beginning a new business there are many things that an owner must do. Many times the setting up of the insurance plan is an afterthought. However, this is something that should be met with extreme detail and coordination. This is the tool that will ensure your new business stays open. Getting a new policy might not be as difficult as you think.
November 1, 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
Life InsurancePersonal Insurance

How is Universal Life insurance different?

Question 85 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/8TUKUEptX_M Everyone should have life insurance. We are all going to die. It's not fake news. So, choosing the best life insurance option is critical. Most everyone knows about term and whole life insurance, but what about universal life? Click on the above video to learn more about this valuable option.
October 30, 2017
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
General Topics

How much for a quote?

Question 83 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/KyHBBat4UiY When listening to a radio ad about insurance and being enticed by a "free quote", do you ever wonder...hmm how much is this Free Quote saving me? I'll bet not. So, do you ever have to "pay" for a quote? Watch this video as we pull the cover off the insurance industry (lol).
October 28, 2017
Homeowners InsurancePersonal Insurance

Does insurance cover your stuff while in another country?

Question 82 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/KBDE8vaZevg When traveling, you might find yourself a bit vulnerable as it applies to the security of your possessions. Sometimes locking up a the $3,000 MacBook Pro doesn't happen. Sometimes you return to your hotel room and it's missing. Then what? Watch this video to see what happens to your stuff when your stuff is away from home.
October 27, 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
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
Business InsuranceWorkers Compensation

Do I need to list non W2 employees on a New York Workers Compensation policy?

Question 78 in 100 Insurance Questions in 100 Days Video Series? https://youtu.be/YVCCAMaWYiw As a business owner, having to figure out who to put on a workers compensation policy and who not to, is probably not your idea of a good time. However, in New York state we have some rules (surprise) and those rules say that if you are paying someone, they'd better be listed. The cleaner of your office, the person you hired for social media, the outside sales person, and more, could end up needing to be accounted for. See this brief video explanation for more.
October 23, 2017
Business InsuranceWorkers Compensation

Do business owners have to be listed on New York Workers Comp?

Question 76 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/GlJl7reOehA As a business owner you might not see a need to insure yourself on a Workers Compensation insurance policy. It boils down to whether you want to cover for lost wages if you become hurt on the job. Insuring yourself will be more expensive and most carriers have a minimum payroll number they use for owners. Check in with us for additional insight.
October 21, 2017
Business InsuranceBusiness Owners Insurance

What is off premises utility interruption coverage?

Question 75 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/oDx02W4BinQ   If you are a New York State business owner this is a must. If you were to lose power, or have no water, or be without heat...what would that do to your business? Would your sales suffer? Would you potentially have to cut hours for your staff? I assume that in order to operate you would need those utilities to be running smoothly. Sometimes there is a lengthy outage, and your business insurance policy can be the place to look to see if you might not have…
October 20, 2017
Personal Insurance

Would you be able to keep the insurance money and NOT rebuild?

Question 73 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/LtUW7Zd4HAg What if you could sail off into the sunset after suffering a complete loss on your home? If you were to just glance at your declarations page and see your home's replacement value, you might be tempted to do just that. Ah, but not so fast....watch this brief video to see more.
October 18, 2017
Business InsuranceCommercial Endorsement

Is there insurance to cover breaking something of my customer’s?

Question 68 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/-Wjoz2GoW9M With something called Voluntary Property Damage protection, you would have insurance for the accidental breakage or destruction of a client's property. However, this is not always a given in the policy and when it is, the limits can be lower than you might like. Watch this video to learn more!
October 13, 2017
Business InsuranceShort-term Disability Insurance

Can you get your staff more than the paltry $170/wk in New York short-term disability?

Question 67 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/MXbSomOlMnU I don't know about you, but I would not be able to survive on $170/wk. even without kids and a wife. If I were to become injured or sick and not be able to work for a few months, and that was all I had to live off of...things would get ugly. However, many small business owners do not realize how simple and inexpensive it is to bring that $170 up to an amount more in line with what the typical person's expenses are. Watch this video to…
October 12, 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
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
General Topics

Can we sell any insurance company?

Question 63 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/R6WN-sdNqww As wonderful as it may seem, it's a good thing we can't offer policies with every single company who offers personal or commercial insurance. Watch this brief video to see why.
October 8, 2017
Business Insurance

What is key man insurance?

Question 62 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/PGCTOmrwglY When a small business has an employee that they rely on for their expertise, sometimes the sudden death of that person can be catastrophic. This is why key man insurance is so critical and can be a huge asset to the organization. Watch the video for more.
October 7, 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
Homeowners InsurancePersonal Insurance

Would a home policy cover me if a hot-air balloon crashed into my house?

Question #58 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/nY8mX5Vkopk Now it isn't often that things like this happen. No insurance company has ever advertised on the platform of random objects falling onto houses. However, that does not mean that it can't happen. If it should, then going to your New York State home owners insurance policy will show you that you are in-fact insured for falling objects. So, meteors, hot-air balloons, and other random things that should fall from the sky should not make you worry.
October 3, 2017
Business InsuranceBusiness Owners Insurance

How does Fire Legal work?

Question 57 in 100 Insurance Questions in 100 Days Video Series. https://youtu.be/G-rXNGJfXEs As a business when you rent space, you are liable for what damage occurs within it. However, the portion of your policy that covers general liability excludes damage done to your specific space. The fire legal section of your policy is what covers your liability to the building owner. Without it, or without enough, you'd be on your own for the cost of damages to your space. Watch this brief explanation for more.
October 2, 2017
Life InsurancePersonal Insurance

What’s Whole Life?

Question #54 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/hIcSsncKQwY There are three primary kinds of life insurance. Term, Universal, and Whole. Whole Life is sometimes referred to as General Life. It does as its name suggests, it stays with the insured until death. Unlike term, which can be outlived, whole life will remain. The premium can be paid all at once, over 20-years, or every year until death. It also has a cash value component. See this brief video for more information on this New York State insurance product.
September 29, 2017
Business InsuranceCommercial Endorsement

What is blanket coverage?

Day 53 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/63x-LSo7N9U There are 2 ways you can insure your property: Separate Together While number one is pretty common, number 2 is a little unusual. When we insure our business property and our building on the same policy (typical) sometimes there is an option to put them together. Doing so creates one master amount referred to as blanket coverage. It can all be used on the business personal items, or just the building, or a combination of the two. See the video to learn more.
September 28, 2017
General Topics

Will an insurance carrier pay for legal expenses?

Question 51 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/_8BqrLPZnWY In New York State (like so many others) we face the distinct possibility of being sued. Whether it's our business or us as people. there is never a shortage of people looking to make a buck (deserved or not). That is why your liability coverage is so critical. Take a look at this video to see why it's so.
September 26, 2017
Personal Insurance

Are certain dogs not allowed?

***Alert*** A new law has gone into effect as of January 28th, 2022 Question 50 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/je7hmqHyJdE On a New York State home or renters insurance policy, you are likely to be asked whether or not you own a dog. Your answer can very much determine if you'll be moving forward with the policy or not. Many, if not most companies, exclude Pit Bulls, Rottweilers, and Dobermans. Watch this brief video to learn more.
September 25, 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
Life InsurancePersonal Insurance

What is Term Life Insurance?

Question 48 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/R8Jr9gqE9ro One rule of thumb is that you should have $50,000 in coverage for every year you have left to work. If you are married, or have children, or both, then consider a term policy. Don't get too caught up in whole life or universal life for now as securing a term policy is the least expensive for the most death benefit.
September 24, 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
Homeowners InsurancePersonal Insurance

Are stolen items from a car insured?

Question 43 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/QQGL33FqT1Q It is never fun to realize the car was left unlocked with many expensive items in plain sight. The iPad, iPhone, Android, golf clubs, daughter's tuba, or all of those hard to replace CDs are in the arms of another. You look over your New York auto policy only to find that you are out of luck. There still might be hope...watch this short video to see what I mean!
September 18, 2017
General TopicsInsurance Terms

What’s a Declarations Page??

Question 42 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/6TDWaSmLjY4 The place to see what you are actually covered for exists on your declarations page. This is where you find out how much protection you have (or don't have) for liability, property damage, physical damage, medical payments, and so much more. Your New York insurance policy hinges on the information displayed on these pages. If you don't see a charge for something you hoped would be covered, it probably isn't.
September 18, 2017
General TopicsInsurance Terms

What is a certificate of insurance?

Question 38 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/ZdibS5_zCuQ If you own a business or hire businesses/individuals to do work for you in New York State, then you'll want to get familiar with insurance certificates. These are the proof that coverage is in place, with one caveat. Watch the video to see what that is and how a certificate can work for you.
September 13, 2017
Business InsuranceCyber Liability Insurance

Should a small business buy data breach insurance?

Question 36 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/OJXBNRwyuvE If you have a small business that collects even the least amount of personal information on your customers, then this is a video you might want to watch. Now with Equifax added to the list of serious data breach events, your small New York business could be just a few clicks away from a financial and social collapse.
September 11, 2017
Homeowners InsurancePersonal Insurance

Is having a Trampoline a liability risk?

Could your Trampoline Bounce you into a Lawsuit? https://youtu.be/Srd6-F6jlqg Trampoline injuries and your homeowner's insurance are joined at the hip. As a homeowner, you might find it tempting to purchase things like a trampoline for your kids to play on. They are a lot of fun and when used correctly are usually pretty harmless. Unfortunately, correct use tends to be forgotten when friends come to play. Should one of those friends get hurt, (regardless of how or why) you, the homeowner, will be left with the financial liability. Consider the short term and long term medical needs, legal fees, pain,…
September 10, 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
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
Business InsuranceEmployment Practices Liability Insurance

Should a business owner carry sexual harassment insurance?

Question 30 in 100 Insurance Questions in 100 Days Video Series. https://youtu.be/c9wyxU0saZc As a business owner, you are subjected to all of the missteps of not just yourself, but your employees and anyone else who sets foot on your property. Employment Practices Liability Insurance (E.P.L.I.) is a category of coverage you want to rank at the top when putting together your insurance portfolio. See the video and learn how this important coverage can shield your New York business from lawsuits stemming from sexual harassment, wrongful termination, failure to promote, breach of employment contract, and more.
September 5, 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
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
Business InsuranceShort-term Disability Insurance

Does my business need short-term disability insurance?

When do we have to offer New York short-term disability benefits? https://youtu.be/B4iVajCYvCE New York short-term disability insurance is a required benefit. Anyone who runs or operates a business with employees must carry it. It provides a temporary benefit for anyone who becomes injured or disabled off the job. Unlike workers’ comp, where you end up getting hurt or ill due to something that happens while at work, this is coverage for anything that happens to you pretty much anywhere at any time. Rules for New York short-term disability Basic coverage equals 50% of the employees weekly pay. However, $170 per…
August 22, 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
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
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
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
Business InsuranceProfessional Liability and E&O

Are General Liability and Professional Liability the same thing?

Question #8 in 100 Insurance Questions in 100 days! https://youtu.be/QOFZ8fd71pc The primary reason for professional liability coverage is that a typical general liability insurance policy will only respond to a bodily injury, property damage, personal injury or advertising injury claim. Other forms of insurance cover employer's, public and product liability. However, various professional services can give rise to legal claims without causing any of the specific types of harm covered by such policies. Common claims that professional liability insurance covers are oversight, violation of good faith and fair dealing, and inaccurate advice. While many types of businesses will carry this…
August 14, 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
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
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
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
Homeowners InsurancePersonal Insurance

Neighbor’s Tree Fell on your Property? Who Pays?

When the Neighbor's tree falls on your property...who pays? https://youtu.be/_GvsSu0afSA Have you ever wondered what would happen if that giant ash tree of your neighbor's decided to take a fall...onto your house? Trees are wonderful, grand specimens that mother nature has so generously provided to us. Unfortunately, every tree will eventually make its way to the ground. Unless, it gets stopped along the way. Then what? For those who have never had this happen, your first call might be to your neighbor to say "Good morning, your decrepit tree came down and caved in my roof last night. Let's get…
August 7, 2017