Does Home Insurance Cover Flood Damage?

Anything can happen to your home in Greenwood Lake, NY. Your goal is to make sure you have a home insurance policy that can cover virtually anything that might happen. Windermere Insurance agents can work with you to make sure that you have a reliable policy on your home.

A flood can happen when you least expect it. It may be as a result of a lake overflowing, the snow melting, or even as a result of a storm. If water comes racing into your home, it could destroy your home’s foundation, furniture, and various valuables.

Floods are generally not covered on a standard home policy. This means that if you don’t have any additional coverage, you would be financially responsible for the damages as well as the replacements. You don’t want to spend that this kind of money. The better solution is to protect your home in Greenwood Lake NY with a rider.

It’s possible to add flood protection to your home insurance policy. This way, if there is a flood, you will be protected. When you get your home insured for the first time, the insurance agent will also review to see if you’re in a FEMA-identified flood zone. If you are, you will be required to have some kind of flood insurance. Otherwise, it’s up to you as to whether you want to add it to your policy. Although it’s an added expense, it can be a wise investment so that you are protected if flood water comes toward your home.

Since you’re near the water, it’s always a good idea to be prepared for what could happen.

At Windermere Insurance, we’re here to help you. Our independent insurance agents can review your existing home insurance policy, make suggestions on how to improve it, and ensure that you have flood coverage in the event that the unthinkable happens.

 

 

Factors That Affect Boat Insurance Cost

Getting and using a boat can be so exciting and rewarding. Make sure you have the proper boat insurance coverage before setting out for a relaxing day on the water. And when you do get boat insurance, be aware of the variables that can affect its cost. Here are details on that from Windermere Insurance serving the Greenwood Lake, NY area.

A person’s driving record for vehicles like cars can cause boat insurance rates to be higher, and that makes sense. Also, a person’s credit score, gender, and age can affect the cost of boat insurance. And whether a person using a boat has had any previous boat insurance claims can affect boat insurance cost.

How much a boat is used can also affect boat insurance rates, so a boat that is just used every once in a while will typically have lower insurance rates than one that’s being used often.

If someone uses a boat on a body of water that has had a high number of boat insurance claims, the cost of boat insurance can go up. The region of the country where the boat is being used can also affect what boat insurance rates are.

The horsepower of the boat being insured will affect boat insurance rates. That is, the higher the horsepower, typically the higher the insurance rates will be. Other details about the boat like its make, model and year will also affect boat insurance rates.

There are many more details to learn about boat insurance costs and boat insurance in general. Feel free to contact Windermere Insurance serving the Greenwood Lake, NY area and get your questions answered.

Things You Didn’t Know Car Insurance Covered

Many know the basics of car insurance in Greenwood Lake, NY and what it covers in the event of an accident, but there are some surprising things that are could be covered under your policy.

Car seats

Many parents know they need to strap their child into a car seat in Greenwood Lake, NY, but if you get into an accident, the seats can be expensive to replace. Insurance agents at Windermere Insurance view car seats as an extension of your car, so if you have collision coverage, it is covered.

Pothole Damage

Potholes are known to cause a lot of damage to cars, but the collision portion of your insurance policy should cover the damages to the vehicle. You may have to file a claim as an at-fault accident.

Animals

Animals running into your car, or getting into an accident with an animal, can be put in the same category as vandalism. If you are frequenting areas that are rural and have a lot of animals running around, check to make sure you are covered. Your policy may also cover rodent damage if they chew away at wiring and you have comprehensive coverage.

Pet Injuries

Many times, your pets are riding in a vehicle without proper restraints. In the event of an accident, they can be injured. Some companies will provide coverage to help pay for treatment for pets that are hurt. This may be included in your collision or comprehensive coverage, or you may need to ask for this type of policy.

Riots

Riots and protests are becoming more common. If your car is damaged because of these protests, you may be covered under your policy because it’s considered an act of vandalism.

Contact Windermere Insurance for a quote on auto insurance and any questions about what may be covered in your auto policy.

Is Umbrella Insurance Right for You?

Umbrella insurance is a unique type of insurance because it can actually cover a multitude of things. However, you do not want to get umbrella insurance without knowing if it is the right kind of insurance for you. In the Greenwood Lake, NY area, here at Windermere Insurance, we want to make sure you get all of the coverage you need to make sure you are properly covered no matter what happens. Before you purchase an umbrella insurance policy, use our tips to better determine if it is right for you.

  • If you have a home or vehicle that is worth more than you can insure it for, then you can get an umbrella policy to cover what your home or auto insurance will not cover. This means you will not have any gaps in coverage. 
  • If you are a local celebrity or well known in your community, you can use an umbrella insurance policy to give yourself extra coverage to protect you from what can happen in your community as a result of being in the spotlight. 
  • It can provide you with extra liability if you have people over to big parties and want the added protection.

As you can see, umbrella insurance is something that can cover a variety of things for you as well as meet a lot of different needs. If you are still not sure if you need an umbrella insurance policy, be sure to contact us here at Windermere Insurance, serving Greenwood Lake, NY. We can help you determine if it is the right option for you as well as help you find the perfect policy if you do decide to get an umbrella insurance policy. We can also make sure that it will fit into your budget.

Property Coverage is not Enough For a Small Business; Think Umbrella Coverage

For small businesses in Greenwood Lake, NY and other towns when starting out on a bootstrap budget, everything is about holding down costs to make the first year successful. After all, if a business can’t grow, it won’t be able to keep going with market ups and downs. So it’s not surprising that many new small business owners limit their protection in terms of insurance coverage to just what they can see, their business property. However, there are a lot of different types of financial risks out there for a new business that doesn’t involve physical damage to property, but they can damage a business financially just as much. Sexual harassment claims, customer dissatisfaction with a promised service, product warranty issues, workers compensation claims, and omissions all can be had to the financial headaches of a new business just trying to keep its head above water in Greenwood Lake, NY.

Windermere Insurance has seen multiple cases where well-meaning small businesses have been sunk before their big opportunity simply because of an unexpected claim or cost. This is why umbrella insurance matters so much – simple property insurance coverage doesn’t protect against the intangible claims that are common to businesses of all types. And remember, settlements to avoid a trial can be expensive too. Ask any small owner who has had to make a settlement with a disabled customer to cannot access the business and demands a lawsuit as a result. It’s more common than many new business owners think. To avoid being another failed business statistic, give the staff at Windermere Insurance a call. They can put together an umbrella insurance package that covers what a simple property policy won’t take care of. And you can focus on running your business instead of waiting for the legal shoe to drop.

 

Why Some Properties Must Have Flood Insurance

If your home mortgage for a new home that you are buying is either a federal home loan or a federally-guaranteed home mortgage, you will be legally required to have flood insurance, if the home is located in a designated flood zone.

Flood Zone Records and Maps

Flood zones are determined by analysis of the historical flood records and making predictions about where the next floods might occur and at what frequency. All of this information is managed by the Federal Emergency Management Agency (FEMA). FEMA maintains maps of every flood zone in the United States. They are available on the FEMA website for review.

Rather than go through the trouble of looking up the information yourself, it is easier to consult with an insurance agent at Windermere Insurance in Greenwood Lake NY. The agent can tell you if your home is in a flood zone and give you an insurance quote for flood insurance if it is.

Changing Flood Zone Designation

There is a way to petition FEMA to change the status of a home designated to be in a flood zone. The procedure is complex. Getting approval of the status change is difficult and probably best attempted with aid of competent legal counsel; however, doing this is not such a good idea. In fact, there is a national trend, which shows that flooding is occurring in more places rather than in fewer ones and at more frequent intervals.

Getting Flood Insurance Even if not Required

This means that having flood insurance might be a good idea even if your home is not actually located in a designated flood zone. Just a few inches of water that enters a home can cause major damage and require significant expense to clean up and make repairs.

Contact an agent at Windermere Insurance, serving Greenwood Lake NY and the surrounding area, for a flood insurance quote.

Which is better and why: Term or whole life insurance?

Before investing in life insurance, it is important to consider the amount of cover you need, payment options and the claim process. Despite the flexibility of life insurance, making the decision on whether to purchase whole life or term life insurance can be quite a challenge.  

According to Windermere Insurance in Greenwood Lake, NY, understanding the features, advantages, and setbacks of each policy as explained below; will help you make the right choice based on your financial goals and the financial needs of your beneficiaries.

Term life insurance

Here, you pay premiums for a certain period and in return, your beneficiaries receive a specific amount of money on your demise.

Its advantages include:

·         The great value of returns since it can be purchased in large amounts for small premiums.

·         Matching terms to needs which provides protection and security to beneficiaries in the event of sudden death.

Setbacks

·         The policy is temporary and on expiry, one will be required to renew his/her policy which often involves a significant increase in premiums paid.

·         Your beneficiaries may never be paid the benefit if you outlive the term.

Whole life insurance

With whole life insurance, one gets the death benefit throughout his/her life with an additional cash value benefit that accumulates value over time.

Its advantages include:

·         Lifetime coverage whereby your beneficiaries will receive the benefit as long as the policy is in force.

·         Retention of a portion of your premiums which when sufficient enough, become available to you as a surrender value.

·         Depending on the company’s financial performance, the policyholder may receive dividends.

Drawbacks

·         The initial premiums are always higher as compared to term life policy although, over time, they become more affordable.

From the above comparison, you probably will have a clear picture of the difference between the two policies. At Windermere Insurance in Greenwood Lake, NY, we will be of great help in assisting you to make a wise choice based on both the long term and short term insurance costs of the different life insurance policies, in relation to your age and the face value of each cover.

Why Do I Need Home Insurance?

Buying a home can be a very good long-term decision. When you are buying a home in the Greenwood Lake, NY area, it is very important to make sure that you are being as conservative as possible. One of the ways to do this is to get a quality home insurance policy. Home insurance policies are always going to be required by your mortgage lender and could be required by any association you are a member of. Even if it is not required by insurance or your home association, there are several other reasons why you need to have home insurance in place.

Provides Necessary Protection

One of the main reasons why you need to have home insurance is that it will provide you with very necessary protection.  Your home is a very big asset that needs to be protected by a quality insurance policy.  Your home insurance policy will provide you with insurance coverage in the event it is damaged or destroyed by a storm, fire, or another calamity.

Provides Liability Coverage

When you are looking to provide yourself with the possible coverage, your home insurance policy can also be beneficial due to the liability coverage it provides. Homeowners take on a lot of liability on a daily basis when they own a home. Since they have responsibility for anyone that enters their home, making sure they are covered for unexpected incidents is extremely helpful. A full liability policy will provide anyone with enough protection.

For those that are in the Greenwood Lake, NY area and need a home insurance policy, speaking with Windermere Insurance could be a great option.  Windermere Insurance is a leading insurance provider that can help to ensure you receive the necessary coverage that you need on your next policy.  

When Your Bakery Burns Down, Will Commercial Insurance Help?

There are many bakeries in Greenwood Lake, NY that offer high-quality goods to a large number of people. Unfortunately, severe fires can impact your business and even obliterate it. Thankfully, we at Windermere Insurance have commercial insurance policies that can protect your bakery business.

Severe Fires Can Destroy A Bakery

Bakeries are often prone to fires due to their unique business type. For example, a buildup of debris in an oven can ignite and spread quickly through the bakery. When this happens, there will be a lot of fuel, including the baked goods, that will make the fire spread even more quickly. That’s why it is crucial to get commercial fire insurance to protect your investment.

What Fire Policies Will Cover 

When your bakery is affected by a fire, your policy will typically cover all repair or replacement needs caused by the fire. This coverage includes the building, your sign, furniture inside of the bakery, and your equipment. For example, if your oven caused the fire and was destroyed, commercial insurance can help provide you with a replacement for this essential item. 

Commercial Insurance Helps You Get Back On Your Feet 

Commercial insurance for a bakery will not only help you rebuild your bakery but provide you with loss of income coverage. This money helps you to stay financially solvent while you repair your bakery, rebuild it, or even temporarily relocate it. Most of the time, coverage of this type will usually last for about 12 months, but this will vary depending on your exact policy. 

Don’t Be Afraid To Get A Little Help 

At Windermere Insurance, we can help Greenwood Lake, NY bakeries like yours get the coverage they need to stay open after a fire. Talk to one of our agents now to learn more about the exact policy options, costs, and limitations that will apply to your specific policy. 

How to Apply for a Boat Insurance Claim

Do you worry about how you will handle getting a boat insurance claim if something happens to your watercraft? If so, read on to learn what is required to file a boat insurance claim. 

In order to have a solid understanding of what happened with your boat, you must provide your insurer with as many details as possible. The following are among the most important for you to submit: 

  • How many people were involved 
  • The contact information of everyone involved (names, addresses, and phone numbers especially)
  • Each individual’s insurance information (the names of the companies, their policy numbers, and contact details for the companies)
  • Descriptive information for the watercraft (the year, make, and model) 
  • The registration and license numbers for the watercraft involved
  • Contact details for anyone who will speak as witnesses 
  • Photographs of damage that has occurred

Once you file this boat insurance claim, you will be given a claims representative to assist you. He or she will have an inspection performed of the damage and work towards getting you a settlement. 

Confidence and reliability go a long way with boat Insurance in Greenwood Lake, NY

It can be incredibly nerve-wracking to figure out how to start a boat insurance claim if it is your first time. You may worry that you will do something wrong and not receive funds to cover damage of your watercraft and other related expenses. Do not worry, when you have a dedicated team of professionals such as Windermere Insurance on your side. Serving the greater Greenwood Lake, NY area for several years, Windermere Insurance will ensure that you are given proper assistance and excellent customer service from its experienced representatives. reach out to contact us today, and you will be glad when you see the results.