What does flood insurance cover?

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!

Finished with the Home Renovation? It’s Time to Update Your Home Insurance

We can imagine that new guest suite in your Stony Point, NY home is looking gorgeous! Your friendly agent at Hudson Valley Insurance Brokerage, Inc. wants to remind you that significant improvements to your property may need additional coverage on your home insurance policy.  Why is that? Let’s find out.

Additions Increase the Real and Assessed Value of Your Home

Not only will a four-bedroom home sell for a higher price compared to a three, but it will also cost more to repair in the case of major or total loss due to fire and other incidents. Now is a good time to review how much your home insurance policy will pay out and make sure that it is commensurate with the current market and real value of your house. 

Pools, Patios, and Backyard Kitchens Should be Itemized

Maybe it wasn’t the inside of the house that got the redo. That in-ground pool was an expensive investment. Hardscaping and outdoor living spaces also represent a significant expenditure in home improvement. When you sit down with your agent, talk about not only the market value of the entire property but the costs of repairing or replacing all of your outbuildings.

Did the City Reassess Your Property?

If you took out a permit to complete the renovation, that will often lead to a visit from the Stony Point, NY assessor’s office after you complete construction. It should also be a red flag that if your taxes are going up, you might want to ensure your home insurance reflects that increase. This is especially true if you have owned the home for ten or twenty years and have been letting your policy ride year after year.

Pick up the phone and give the agents at Hudson Valley Insurance Brokerage, Inc. a call to protect your home today.

Does Classic Car Insurance Offer The Same Benefits As Regular Auto Insurance?

A car is one of the most important items a person will own, but this is especially true if they own a classic car. A classic car is generally an investment that can be worth substantially more than the average vehicles if it has been restored and maintained. These vehicles require specialized insurance coverage.

What Is Classic Car Insurance?

Regular car insurance and classic car insurance differ in that classic car insurance takes specialty parts and additions into consideration when calculating the value of the car, as well as the cost to fix the vehicle in the event of a covered loss. Classic cars can be notoriously expensive to fix and may require specially trained professionals to repair it properly. 

Finding Classic Car Coverage

If you are looking for insightful coverage for your investment and live in or around the Stony Point, NY area, you should check out Hudson Valley Insurance Brokerage, Inc. We have the insurance products you need to completely protect a classic car and ensure that it can be replaced or properly repaired if there is an accident covered by the policy. Let us walk you through the options to help you find coverage that will work for your particular needs.

If you own a classic car and are searching for the right type of coverage, contact Hudson Valley Insurance Brokerage, Inc. We serve the residents in and around the Stony Point, NY area. Call or stop by the office to discuss your needs with one of our helpful insurance agents who can show you the options you need to protect your classic car. 

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.

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!

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.