The state of emergency declared in May 2019 after the Lake Ontario flooding has many consumers thinking about how to prevent future financial loss. The New York Government has taken action to assist people in need, but many of them may have been better off having flood insurance before the disaster.
One misconception is that floods are covered in a homeowner’s insurance policy. However, these are two separate types of coverages. People seeking to protect their homes may need to remember why flood insurance is so important. Hudson Valley Insurance explains this.
1. Coverage in and out of flood zones
Whether you live in an area designated as a flood zone or not, there always is at least a slight risk. Even if it never flooded in your area in the past, it could happen. Don’t be left unprepared even if not living in designated flood zones.
2. Expenses paid if a disaster hits a low-risk area
It may be an area where the chance of flooding is possible but at a lower risk. Some people might opt not to obtain this type of coverage, but it could cost you in the occasion of a flood – even if the damage would be less severe than in a high-risk flood zone.
3. To compensate for limitations on homeowners policies
Your homeowner’s policy probably covers just about all aspects of accidents and disasters. Still, it only provides so much help to people owning houses in flooding areas. The flood insurance would also include cause of any water damage in your home and not just the damage itself.
4. To prepare for climate change
It happens sometimes. Inclement weather comes in an area where it may not be expected at all because it was always moderate. Either that or perhaps floods take place in a location that has not experienced this climate trend in say hundreds of years.
5. Assurance of full replacement cost coverage
Inflation never stops. You want to have the confidence that the cost to replace your assets will be covered decades into the future. Flood insurance can help with that.
Hudson Valley Insurance, serving Stony Point, NY, has policies that can fund just about any disaster repair, including flood damage. Contact an agent today to learn more about flood insurance.
When you’re operating a business in Stony Point, NY, it’s important that you have the right insurance in place. Commercial insurance can vary dramatically from business to business. As such, you can’t simply copy what the business owner next to you has. At Hudson Valley Insurance, we have insurance agents who specialize in commercial insurance, making it easy for you to get a policy that you can count on.
Identifying Potential Downfalls
All sorts of things can happen to your business in New York. In order for commercial insurance to get the job done, you need to identify those downfalls. This will depend greatly on the industry that you are in as well as the level of risk involved with getting the job done.
You have to look at how much inventory you have on-premises, how frequently your employees get hurt, and even how long you spend on the road every day. All of this will help to determine what kind of coverage you actually need within your policy.
Building Your Policy
A commercial insurance policy is going to encompass a variety of different types of insurance. This will vary based on your industry. You may need liability insurance, commercial auto insurance, workers compensation insurance, and much more. As you grow your business, your policy may need to change, too. This way, you know that you have sufficient coverage in the event that something happens.
There is no one-size-fits-all policy, especially as it comes to commercial insurance. The last thing you want is for something to happen that will bankrupt your business. As such, you need to build your policy so that it provides you with all of the financial protection that you need.
Contact us at Hudson Valley Insurance today to learn more about the right commercial insurance for your business. We are here to make sure that you have the financial protection that you need in Stony Point, NY.
Classic cars are interesting to many people. Some are so convinced about the investment that they decide at some point to purchase one. Others enjoy seeing them on the road or at car shows. Enjoyment of classics has been around a long time and people are very thankful for the opportunity to appreciate classic cars. Ownership of a classic car can also be a smart investment. Some rare models of classics seem to be appreciating at such a fast pace and the really large car shows are showing amazing auction prices. With all of this, the insurance options for owners with classics have improved. Serving Stony Point, NY, Hudson Valley Insurance provides insurance for classic cars. Discussions about valuation may be considered when discussing the options with their experienced staff.
Planning for insurance can be as simple as knowing the make, model, and the year of the vehicle. The information from an insurance provider can be beneficial for planning any restorations and improvements. People in Stony Point, NY can enjoy the classic car shows and know that an experienced team of professionals is available to help if they choose to purchase one of the classics. Hudson Valley Insurance offers classic car insurance for the new or current owners of these rare cars. Finding the restoration companies is easier now with the lengthy lists of classic car clubs. Those involved with certain makes and models are easier to find with technology, such as online resources and search capabilities. These clubs sometimes have recommendations for locating certain parts and original accessories for classic car owners. With so much interest, it is easy to understand why classic cars are often owned for the appreciation in value. You can visit the agency’s website for more information.
At Hudson Valley Insurance, we’ve worked with many Stony Point, NY residents who love riding motorcycles. However, we’ve found that many of these riders don’t think that they need to wear a helmet. When you don’t wear a helmet, you open yourself up to some insurance issues that may affect your various coverage options.
The most crucial aspect of your motorcycle insurance is likely your liability. Unfortunately, a failure to wear a helmet could make you more liable in an injury due to comparative negligence. For example, if you were driving in a dangerous way that seriously contributed to a crash, you may be found liable, and your policy will kick in and cover the damage. This situation can be a problem if you don’t regularly wear your helmet.
Whenever you suffer a crash while driving a motorcycle, you’re likely to end up injured. However, riders without helmets are going to be even more damaged. As a result, you’re going to need a policy that covers significant bodily damage and which you can adjust to ensure you are fully and adequately covered. Thankfully, many options should be available.
As a cyclist without a helmet, you should drive as carefully as possible to avoid accidents. However, you’re likely to find that your property damage is higher if you crash into another vehicle while not wearing a helmet. Your company will consider your lack of a helmet as a risky driving decision and may penalize you for making this choice.
Professional Insurance Help
If you find that your policies don’t quite your need, you should contact us at Hudson Valley Insurance. We serve Stony Point, NY and other areas nearby and will do what we can to help minimize your insurance payments. Just as importantly, we’ll find a stable method for managing your fees.
Spring is a good time to make sure that you have everything ready for another summer out on the water. And for boat owners in the greater Stony Point, NY area that includes a full review of boat insurance policies. The team at Hudson Valley Insurance is here to help you make sure you have everything in place before it’s time to get the boat out again for the season. Don’t be caught with insufficient coverage if you experience an accident or another incident this summer with your boat.
Make Sure You Have the Coverage You Need Before You Get Out on the Water
Owning a boat can make summers a memorable time for you and your family, but with the pleasure comes a lot of responsibility. There are many boat owners and operators who do not have the experience or judgment that they need to safely operate their craft. Unfortunately for responsible owners, they can make the waters unnecessarily dangerous. Make sure that you are protected from any damage or injury caused by an irresponsible boater with the right level of insurance coverage. Whether you need coverage for damage to your boat or want protection for liability due to a mishap that causes injuries, there are a number of policy options available to meet your needs. Boat insurance should also cover your vessel when it is docked and in transport from storage to the water.
The team at Hudson Valley Insurance is here to advise our customers in the greater Stony Point, NY area about all insurance matters including boat insurance. If you want to make sure that you have the coverage you need, call or stop by our office to make an appointment with one of our helpful agents.
You don’t need to travel to exotic locations in order to enjoy a real summer vacation. Use these design tips to turn your Stony Point, NY backyard into a seasonal basis.
- Ensure your homeowner’s policy is up-to-date. An active policy ensures you have enough money to pay for any accidents or injuries that occur while you’re entertaining. Talk to the agents at Hudson Valley Insurance for personalized insurance guidance.
- Repurpose your Christmas lights for a chic nighttime decoration. String lines of Christmas lights across your shrubbery, along the walls, or around pillars and supports in your backyard. Turn them on at night for a romantic glow that sets the mood for late evening activities.
- Invest in outdoor storage. For families with young children, keeping sports equipment and outdoor toys together is a big struggle. Find a storage solution that fits your family’s hobbies and space constraints before the season starts to ensure the backyard is always a comfortable space.
- Bring the indoors out. Got an old couch you were going to throw out? Cover it with an afghan and place it on your patio or porch for a cozy star watching spot. Use an indoor rug on your lawn to add an unexpected pop of color and give your family a place to clean off their feet before entering the home.
- Use shade strategically. Use premanufactured shades or make your own using swathes of fabric. Fix the shades to trees, buildings, and other support structures to shield sections of your property from the sun. Your guests won’t have to give up on outside fun when it gets too hot.
Hudson Valley Insurance carries homeowners insurance for residents in the Stony Point, NY area. Contact our representatives for more information on customized homeowner policies.
There are many sights to behold in Stony Point, NY. Although, the spring months can bring destruction when the snow melts. You need to ensure that you are fully protected against the effects of inclement weather. Read on to learn more about flood insurance for your home.
Flood Insurance vs. Standard Home Insurance
Some homeowners mistakenly believe that their standard home insurance is enough to guard against significant financial loss in the event of a flood. In actuality, a standard home insurance policy does not cover flooding or any other natural disaster. You need to purchase a separate policy through the National Flood Insurance Program (NFIP) that pays for damages caused by massive flooding.
What Is Flood Damage?
There is a difference between water damage and flood damage in the insurance world. Whereas water damage is the result of leaking coming from the top down, flooding is damage caused by water that flows from the bottom up. For the most part, any water that began on the ground before damaging your items is considered a flooding incident. You should not count on your standard home insurance policy to cover the event.
What Does Flood Insurance Cover?
Flood insurance covers water damage related to surge storms such as hurricanes as well as mold that comes as the result of excessive water in your home. The assets in your residence, such as electronics and keepsakes, may also be covered by a flood assurance policy.
How Much Flood Insurance Do You Need?
It is best to speak with an insurance agent when discussing flood insurance and policy limits in Stony Point, NY. The experts at Hudson Valley Insurance Brokerage, Inc. can help you work through the red tape of home insurance and find the flood assurance policy that works best. Call Hudson Valley Insurance Brokerage, Inc. today to get started with a quote!
Life insurance is often a tough subject for many people not just in Stony Point, NY but throughout the state. This is mainly because the very nature of life insurance is based on a subject we do not like to think about or talk about; the passing of our loved ones and eventually yourself. If you find this topic tough, here are a few tips from Hudson Valley Insurance to help you have this conversation with your family and make the best choices when it comes to life insurance for your dependents.
Difficult But Necessary
Despite the difficulty of discussing this topic, it is none the less a necessary topic to address. Many people find it hard to think of life insurance needs for their dependents because we cannot imagine life without them. It is important to note that addressing this issue and making life insurance decisions does not mean you are in any way insulting or disrespecting the people with which you want to cover. This is just a wise financial investment against a possible tragedy.
Even Children Need Life Insurance
Many parents rarely give a thought to the idea of their children having life insurance. However, an excellent way to think of this difficult topic is to remember that should something happen to one of your children, the last thing in the world that you would also want to be burdened with would be worries about money and how to cover their final expenses. This is a good motivator to help you make choices concerning life insurance for your child or children.
If you have other dependents in your life, remember that providing life insurance for them is just as important as providing health insurance and other financial needs for them. This is just a provision for possibilities in the future.
If you would like to speak to an insurance agent about life insurance options, please call our friendly staff at Hudson Valley Insurance in Stony Point, NY.
Having commercial insurance is necessary for both large and small businesses. Most smaller businesses carefully budget for their premiums, which is why it is vital for business owners to know if their insurance premiums will fluctuate during the policy term.
Commercial Insurance Policy Premiums
In most cases, the premium will reflect a set price for a specific time frame and the premium will stay the same as quoted before the policy purchase. There can be a change in the policy premiums if there is an extenuating circumstance or an increased risk to the business that was not initially present. This potential for changes should be outlined in the policy terms and conditions before signing the policy. Ask your insurance agent if there are any conditions which may cause the premium to change either during the active time frame or at the policy renewal. Having this information will help you stay prepared for changes.
Working With Your Agent
It is key to work with an agent who is backed by an established, reputable insurance agency. The agent should work with you individually to go over the policy in detail and will inform the client of any potential changes during the effective time frame of the policy. Business owners, located in or around the Stony Point, NY area, should consult Hudson Valley Insurance for guidance through the process.
Anyone who is considering purchasing business insurance should take the time to speak with a representative from Hudson Valley Insurance, serving the residents and business owners in the Stony Point, NY area. Call or stop by the office today for more details and answers to your questions.
If you own a business, you understand the importance of comprehensive commercial insurance protection. Unfortunately, the case law surrounding liability when the injury occurs off-site can be less than clear. At Hudson Valley Insurance Brokerage, Inc., we are dedicated to providing our business clients in the greater Stony Point, NY area the insurance protection they need. We are here to direct you to the proper policy for your needs and provide the insurance coverage that can help keep your company insulated from worker’s compensation and other liability claims. Don’t let an injury or other accident create negative outcomes for you and your business, we are here to help!
When You Could Be Held Liable For An Employee Injury That Occurs Off-Site
There are instances in New York State whereby you could be held responsible for an employee’s injury even if the event occurs off-site. In such instances, it is important to assemble all of the facts right away. You will also need to alert your insurance carrier of the claim that could be potentially filed against you. A comprehensive commercial policy can help to protect your company from the negative effects of an employee injury and the liability that can come with such an occurrence. Knowing that your commercial coverage can help protect you from such an event can give you the peace of mind that you need to stay focused on growing your business!
Is it time to review your commercial coverage to ensure that you have the protection you need in the event of an employee injury? Contact the team of professional agents at Hudson Valley Insurance Brokerage, Inc. and make sure you have the protection and coverage that you need for your greater Stony Point, NY area business.