So in New York, worker's compensation can be bought from an insurance company, the State Insurance fund or through a "safety group" with other like kind businesses. The common thread of these businesses, let's them spread the risk of worker's injuries amoung each other. Because of this, they get an upfront discount of 25% and then a back-end dividend at 12 months end, whenever that group declares their experience. This could be as much as 40% if history hold true. Watch the quick video...
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This quick video will explain why underground utility is a good homeowner claim! YES! Biggest risk you now have is someone suing you and taking your home! In New York, an judgement coming out of a lawsuit, automatically attaches to real property - your home. So you could never sell or refinance your property until that judgement is paid off. Who wants to encumber a paid off house with a judgement?
None. Insurance is for sudden & accidental losses - a tree falls on your shed. A pipe bursts in your upstairs bathroom causing loss below. Ice build up causes you facia and soffit along with gutter to come crashing down. Homeowner repairs = None. Maintenance repairs are the part of being a homeowner and not an insurance claim. To upgrade your electric service is on you. To repair a frayed electrical service is one you. Insurance is for sudden and accidental occurrences.
There are certain insurance companies that cater to luxury homeowners and their need for better coverages. Sewer/Water back up, jewelry blanket coverage and tree/landscaping coverage are just some of the differences you need. Watch our quick video:
Q - If someone is driving my car and they have full coverage insurance but I have liability, will their insurance take care of the damage if they are at fault?
A - NO! Insurance follows the car, not the driver. Your insurance is the responding one and if you only have liability, then your damages are NOT COVERED. The damages done to the other vehicle are covered but for yours, no. Sorry. 1- Your age 2- Where you live 3- your driving record 4 - your claims history 5- Your credit 6- Homeowner or renter (Bundle policies in either case) 7 - Who else is in your household that drives 8 - Year, make model of your cars (some are more expensive to repair) 9 - How you use your vehicles, basically 3 levels: Pleasure, To/From work 3–15 miles, Business use. And then every insurance company will use these factors in a different way - weigh the factor more one way than another.
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