My Friend Crashed My Bike. Will My Motorcycle Insurance Cover This?

Your friends and family members will ask you a lot of questions when you get a new vehicle. Expect queries such as "how much did it cost you?” “Where did you purchase it from?” Inevitably, one question that will always come up is; “can I go for a ride in New City, NY?” If you are talking about a car, you won’t hesitate to throw your car keys to your friend and tell them to take it around for a few hours. However, you may want to pause and think again if you are talking about a motorcycle since motorcycle insurance from Hudson Valley Insurance Brokerage, Inc. doesn’t work similarly to your auto insurance.

Typically, your motorcycle insurance may aid in paying for repairs, hospital bills, or other property damage if you give your motorcycle to your buddy and he wrecks but that may depend on a wide range of factors. What is usually covered will largely depend on the type of policy coverage that you have on your motorbike insurance policy. If your friend damages someone else’s property or injures another person while riding your bike, then your motorcycle liability coverage will help you since bikers in New City, NY are required to have liability coverage. However, your motorcycle liability coverage won’t cater for your buddy’s medical bills if he/she is the one at fault during the accident.

Your collision coverage may also help repair your motorbike if your friend damages it. Always remember the fact that each item on your motorbike insurance policy has its limit. If your friend has a motorcycle insurance policy, his/her policy may be used if the damages exceed your policy limits. But what happens if your friend doesn’t have a motorcycle insurance policy? In this case, your policy may cover specific damages leaving you to cover the rest from your own pocket.

Contact Hudson Valley Insurance Brokerage, Inc. today for your motorcycle insurance policy.

Is Boat Insurance Required?

Boats are a great recreational vehicle and can provide you with hours upon hours of great fun. That being said, they are also vehicles that need to be insured. Boat insurance per se is not something that has any standard requirement based on state law. Instead, you may have limitations or requirements based on where you intend to drive your boat and what your loan status is. For those in the Stony Point, NY area, the agents with Hudson Valley Insurance Brokerage, Inc. can help you to find the perfect boat coverage.

Boat Insurance Requirements

Boat coverage is something that is specific to the boat and often to the waterway or body of water that you intend to drive your boat. Some waterways like private lakes or lakes for profit where you have to pay to use your boat in it may require insurance to protect other boaters. Similarly, if you have a loan out on your boat, you may have to have insurance to help cover the cost of the vessel should something happen to it. This is so the lender can recover the money. Boats are fun, but without proper coverage, they can cause a great deal of stress.

Even if boat insurance is not required in your area, you may want to take out a policy to help protect your boat and to protect yourself in the case of a boating accident. You should take the time to speak with an insurance professional to see what type of policy you may need. For those in the Stony Point, NY area, the agents with Hudson Valley Insurance Brokerage, Inc. can help you find the policy that works best for you and your boating needs.

Do I Need Umbrella Insurance?

You hear about the need for life insurance and health insurance and homeowners insurance, and you probably understand the relevance of these policies. However, another type of insurance exists that could be just as important, and it’s known as umbrella insurance. Hudson Valley Insurance Brokerage, Inc., serving Stony Point, NY and the surrounding areas, offers umbrella insurance, and you might be surprised to know the importance it has for you, especially based on your lifestyle.  

Occupation 

Certain occupations are more likely to experience injuries on the job, and although some aspects of a job are covered through your employer’s coverage, you could still be at risk. For instance, if you’re a driver and happen to get into an accident that’s your fault, you could experience a lawsuit or owe money that exceeds the amount of your coverage. 

Your Pets

Your pet might adore you and never think of harming you, but if your pet would happen to bite or injure someone else, you could experience a lawsuit that exceeds the limits of your homeowners or renters policy. An umbrella insurance policy covers you if your pet should happen to bite someone. 

Your Hobbies

Think about the type of activities you participate in. If you have a motorcycle, go quad riding, or even boating, you’re more likely to get into an accident, making you more susceptible to having an accident that could cause bodily harm or property damage.

Own a Pool or Trampoline

If you own a pool, outdoor spa, or trampoline, it’s enticing to children. If one of them should happen to come on your property and get hurt, you could find yourself experiencing quite a large lawsuit that could exceed what your standard policy covers. 

Contact Hudson Valley Insurance Brokerage, Inc., serving Stony Point, NY and the surrounding areas, for a quote on an umbrella policy today by calling or visiting our offices.

What Homeowners Need to Know About Flood Insurance

Devastating floods or hurricanes can leave many homeowners hopeless and miserable, especially those living in low-lying or flood-prone areas. Unfortunately, your typical homeowner’s insurance doesn’t cover damages resulting from floods and hurricanes. Since water damage is the most common type of insurance claim in Stony Point, NY, it is prudent for every homeowner to get flood insurance coverage. Hudson Valley Insurance Brokerage, Inc. provides affordable and effective flood insurance policies in Stony Point, NY, and the surrounding areas. Here are the essential things you should know about flood insurance.

Are you living in a flood-prone zone?

FEMA zones areas under low-risk, moderate-risk, and high-risk zones. Lenders don’t require you to have a flood insurance coverage if you’re living in an area designated as low-risk or medium-risk. However, you still need the coverage, especially if you feel that the designation of your area may be out-of-date. According to FEMA, about 25 percent of claims associated with flood insurance come from low-risk and moderate-risk areas, so don’t take chances.

What is covered by Flood insurance

Here are the common coverage options for flood insurance:

  • Contents: A typical flood insurance coverage pays for actual cash value for replacing the damaged or lost property as per the actual or depreciated value.
  • Property: This is a replacement cost coverage and will replace your damaged or lost items with a new one without taking into consideration the depreciation. If you’re insuring your single-family home that serves as your primary residence, this can be a viable option. 

Flood Insurance Doesn’t Cover all Risks

A good flood insurance policy will secure you from financial losses following a destructive hurricane or flood. However, your flood insurance policy will not cover everything. Here are a few exclusions you should know:

 

 

  • Water must come from outside your home: Flood insurance will not cover water damages resulting from malfunctions within your home, for instance, toilet overflows or frozen pipes. Your homeowner’s policy should cover such risks.
  • Landscaping and swimming pools are not covered: If your swimming pool burst or cracks and causes flood damage to your home, your flood insurance won’t cover the loss. Again, you’ll not receive any reimbursements for flood damage to your landscaping, flower gardens, trees, etc.
  • Small floods not covered: Water that causes damage must cover at least two acres of land and affect at least one other property to be considered a flood.

Additionally, living expenses and business interruptions incurred during the period your home is under repair aren’t covered by flood insurance. The value of any precious jewelry or money destroyed within the property is not covered as well. Unlike other insurance policies, flood insurance won’t kick in on your first day. You’ll have to wait 30 days for the policy to take effect. For more inquiries about flood insurance in Stony Point, NY, contact Hudson Valley Insurance Brokerage, Inc. today.

3 Ways to Protect Your Condo

Your condo is likely the sanctuary you turn to in both good times and bad. But like all stable things in our life, it’s easy to take the roof over your head for granted. If you’re looking for better ways of protecting your condo, then keep the following tips in mind courtesy of Hudson Valley Insurance Brokerage, Inc. in Stony Point, NY. 

Plan Ahead 

This will always be the best way to protect your condo because it gives you a chance to address the problems before they happen. From stronger locks to insulated windows, you can make moves to fend off both man-made and natural disasters alike. While you won’t be able to prevent it all, these steps can go a long way.

Consider Better Property Protection 

You’ve managed to build a life for yourself in a condo, and that life probably includes more than a few special purchases. Jewelry, electronics, and even clothing tend to add up faster than many condo owners think. It’s why they need smarter property protection to replace their belongings should something happen to them. 

Consider Better Liability Protection 

Your liability as a homeowner may be higher than you think, especially when it comes to who you happen to invite over to your home. If you have a party and one of your guests causes an accident after the party, you may be held liable for some or all of the damages. More liability protection ensures you’ll be able to either pay for or fight any claims against you. 

No matter how you choose to protect your condo, consider calling Hudson Valley Insurance Brokerage, Inc. in Stony Point, NY. It’s our privilege and pleasure to help you protect everything you’ve worked to build. We’re passionate about offering real solutions to real problems, so contact us today!

Safe Driving In Hudson Valley

If you drive in New York State, then you know that the Winter months can be rough out on the highways. One of the biggest dangers you face out on the road is not just the ice and sleet and snow, but other drivers who don’t know how to safely operate their automobiles on cold, slick roads.

But, you can try to not be one of those drivers, and maybe not have to make a claim on your Hudson Valley Insurance Brokerage Inc. policy anytime soon. Here are some tips:

Resist The False Sense Of Security

One of the most dangerous times to drive is not while it’s snowing, but right after it’s been snowing. When the sun comes out and the snow is melting and you can see the green in the trees again. This is when people tend to assume that the roads are nice and dry. In fact, you’re still going to come to hard patches of ice that are invisible until you’re right on top of them. So if it’s been snowing in the last couple days, drive a little slower than you normally would.

Always Bring Your Emergency Kit

No matter how safe and warm it looks outside, don’t leave home without some blankets, water and road flares.

Double Your Braking Time

The most dangerous moment out on icy roads isn’t always the driving, but the stopping. People underestimate the brake-time needed and go skidding into traffic. Give yourself twice as much space as usual to stop on wet roads.

Hudson Valley Insurance Brokerage Inc. in Stony Point, NY can help you to cover those unforeseeable accidents, but you’ll want to do your part with the foreseeable ones.

How Commercial Insurance Can Protect Your Business Investment

Business owners around the Stony Point, NY area spend time and money to ensure their investment brings healthy returns. It is important to remember to not forget to protect your investments with quality commercial insurance. Acquiring commercial insurance from Hudson Valley Insurance Brokerage, Inc. is one of the first actions you need to take to protect your business from the effects of a covered event.

Don’t Lose Out

When a covered event occurs, commercial insurance will help you recover your losses and get back to normal. Without this necessary protection, you stand to lose significantly. When you purchase a policy, it covers a variety of items including any office equipment on the premises, as well as valuable items such as electronics, furniture, appliances, and more. To get the right amount of coverage, you must first do inventory on all of your business’s possessions. 

How Much Insurance Do You Need?

When calculating the amount of coverage you need to purchase, you should take the total dollar amount from your business inventory, and round up to the next available coverage amount. Before deciding on a figure, it is important to make sure that you haven’t overlooked any items and have calculated their value appropriately. In some cases, you can choose to purchase insurance that covers the replacement cost of the items, or you can choose to cover the cash value which calculates depreciation. Talk to your insurance provider to find out what types of policies they offer and which one is right for your needs.

When you need to protect your commercial investment, you need insurance that will cover the products and equipment necessary for you to operate on a day to day basis. When you need reliable insurance, check out Hudson Valley Insurance Brokerage, Inc. in Stony Point, NY. Call or stop by today to speak with a knowledgeable representative that can help get you started.

 

 

 

How to ensure your home is safe from various risks

When it comes to protecting your home, nothing should stop you. Your home is a place where you go when you feel stressed or after a long day of work. It is also where you create and share memories with your loved ones. On top of that, it is where you store your items such as furniture, electronics, clothes, and shoes among more. So, if you do not protect it, you stand to lose everything you have worked for.

But how do you protect this home? You protect it by taking a home insurance policy. Luckily, if you are in Stony Point, NY, Hudson Valley Insurance Brokerage, Inc. is here to guide you. We provide you with a home insurance policy that is dependent on your needs. What do we mean by that?

Unlike other Insurance companies, we are concerned about your needs. Therefore, we take time to listen to you before advising you on the best policy. We understand that your needs might be different from another person’s needs and that is why we have several experienced employees to guide you through all our policies.

Here is a list of some of our best home insurance coverage options:

Personal Property Coverage

As established earlier, your home is where you store or keep your personal property. Therefore, we at Hudson Valley Insurance Brokerage, Inc. provide you with a policy to protect all your items in the case of a disaster such as fire, theft, hurricane, or various weather events.

Liability Coverage

As long as your friends or neighbors visit your home, the court holds you liable if someone gets injured. For example, if one falls on your stairs or slips on water, the court will require you to pay for all the damages. Also, if one gets injured by your pet, you will still be required to pay for the damages.

Those are some of our main coverage options, however; we also offer additional coverage options. So, if you are in Stony Point, NY, please feel free to visit our offices or call us for more information.