Your home will more than likely be the largest financial investment you make in your lifetime and you will want to ensure that is protected properly. One way to achieve that goal is to obtain homeowner’s insurance.
In the state of New York, you are not required to obtain a homeowner’s insurance policy but if you have a loan for your home through a bank, mortgage company, or other financial institution, you will more than likely be required to have home owner’s insurance coverage. The type of coverage options will be up to you but you will want to enlist the assistance of an experienced homeowner’s insurance agent to help you decide on which options you want to choose.
A typical insurance policy for your home will cover, first of all, the structure of your house. This will protect your home if it is damaged or destroyed by a fire, vandalism, or natural disasters, such as a tornado, hurricane, or hail storm. Replacement costs will be included in this policy in the horrible instance that your home is completely destroyed.
Many times your policy will also include coverage for your personal possessions up to a certain limit. This will include your clothing, household items, appliances, and furniture.
You can include an option in your policy that will pay for you and your family to relocate, at least temporarily, in the event your home is destroyed or deemed unlivable for a period of time until it is repaired or rebuilt.
A liability option on your policy will cover visitors to your home who are injured because of a fall or other accident while on your property. This is important to protect you and your home from a lawsuit in the rare case that an accident occurs at your home.
To obtain a homeowner’s insurance policy from a trusted and experienced agent in Scotia, NY, visit the DePaulo Agency today!
Deciding how much insurance or which auto insurance coverage to obtain can be confusing for some people, but it does not have to be. At DePaulo Agency, we suggest that you start by answering the following questions:
What is Required?
While most states require at least liability insurance, some states have no requirements at all. It is important to understand what you must have before deciding what to purchase. In Scotia NY, drivers are required to carry liability insurance, which is:
- $10,000 for property damage per accident
- $25,000 for bodily injury and $50,000 per death per person per accident
For those outside of New York, check your DMV’s website for your state’s requirements.
Do You Own or Are You Buying?
If you own your car, you are free to decide what type of insurance you have beyond the legal requirements. If you are currently buying the car or if it as collateral for a loan, you might be required to carry additional coverage. Be sure to check with your lender.
How Much Is Your Car Worth?
If the value of your car is low, liability insurance coverage might be enough for most people. The more value the car has, the higher the coverage limits you should purchase.
Do You Have Enough Savings for Repairs?
You need to be sure that if you need to repair or replace your vehicle, you have the money necessary to do so. If you do not have enough in savings, you should consider higher collision and comprehensive coverage for your car so you do not end up without a vehicle.
What is Your Net Worth?
Higher net worth individuals have a lot to lose should they be taken to court. The higher your net worth, the more coverage you should consider.
The answers to these questions should give you a good idea of where to start with your coverage. Give DePaulo Agency of Scotia, NY a call today. We can discuss your coverage options according to your needs.
Umbrella insurance is one of the least understood types of insurance. Many people are not quite sure what it is, how it works, and if it is something that might be right for them. At the DePaulo Agency in Scotia, NY, we are dedicated to providing our customers with the highest level of customer service and we work with them to create the perfect coverage for their specific situation. We carry umbrella insurance and we know how valuable it can be to your financial security and it will be our pleasure to help you to understand how it can fit into your financial plans.
Think about umbrella insurance as you would about a big umbrella that would offer you protection from a heavy rainstorm. You wouldn’t want to deal with driving rain without one. The same way that an umbrella protects your clothes, umbrella insurance protects your assets. An umbrella insurance policy is not a stand-alone policy, it is an excess liability policy that goes along with a policy you already have. It can be private or commercial depending on what your needs are.
When you are involved with legal action against you, the liability portion of your primary policy will kick in. Given the level that some suits can reach these days, the judgment and the expenses can go beyond the limit of your policy. That is where your umbrella policy comes in. It will cover dollar amounts above and beyond your primary policy. A typical umbrella policy is anywhere between one and five million dollars. If you have assets, an umbrella can be a lifesaver.
When you are ready to discuss your insurance needs, the experienced agents at the DePaulo Agency in Scotia, NY are ready and willing to answer any questions you may have. We look forward to hearing from you and setting up an appointment.
A motorcycle road trip is a great way to kick off the spring season. Advanced planning is the key to making your road trip a success, especially if it’s your first time out on the open road. These tips from DePaulo Agency in Scotia, NY can help you prepare for your road trip travels.
Service Your Bike
Make sure your motorcycle is working at top capacity before hitting the road. Check the fluids, valves, fuel system, electrical system and tires to avoid mechanical problems when you’re far from home. If you’re not used to long-distance travel, take a few practice runs before your trip to see if you need to adapt your bike to make it more comfortable for long-distance riding.
Plan your routes and take a GPS to keep you on track. Keep to safe roads that are well-traveled. Pace yourself and plan your rest stops and where you’ll spend the night in advance to avoid getting stranded without accommodations.
Wear Protective Gear
Wear protective gear for your road trip to include a full-face helmet, leather jacket, jeans, riding boots, and gloves. Bring extra gloves in case one pair gets torn or lost and rain gaiters, jacket and pants in case you get caught in rainy weather.
Invest in a Waterproof Travel Bag
Waterproof backpacks or travel bags make good choices for packing clothes and necessities like cell phones, glasses, toiletries, maps and insurance papers for your travels. Secure your travel bag to your bike with bungee cords so it doesn’t blow off. Bring a first aid kit to handle minor injuries on the road.
Purchase Motorcycle Insurance
Make sure you have adequate motorcycle insurance coverage to protect you against any eventuality on the road. For help in selecting the policy you need, contact DePaulo Agency in Scotia, NY.
If you live in Scotia, NY, you’re lucky to get out on the lake for 6 months out of the year. Even then, it never feels like you have enough time to enjoy your boat. It feels like your boat spends more time moored and in storage than in use. It seems like a waste to pay boat insurance for the entire year. Are there any good reasons to carry insurance for the entire year? Unfortunately, canceling it might only not save you money, but it could get you in trouble.
If you still owe on your boat, you are most likely required as part of the terms of the loan to carry insurance at all times until the loan is entirely paid off. As long as the lender has an interest in the boat, they can require you to meet certain conditions. If you keep your boat at a marina, the marina might also require you to keep insurance on your boat. Whether your boat is stored at home, in a storage space, or at a marina, it is still vulnerable to vandalism, fire, and theft, which can happen anywhere at any time. You don’t want to take that risk and losing all the money you’ve put into your boat.
Your homeowner’s policy through DePaulo Agency probably offers limited coverage for your boat. However, it won’t cover the kinds of events boat insurance normally covers, like collisions with other boats. The boat will have to be on your property to qualify, and even then probably won’t have full protection.
If you have boat insurance in Scotia, NY, it is probably more cost-effective to carry it year-round. DePaulo Agency can offer discounts for many reasons, including a history of paying your premium claim-free. If you would like to see how you can save money on boat insurance, call us today.
Having an RV in Scotia, NY gives you the freedom to travel and bring your home with you. Before you head out on your next exciting RV adventure, make sure you are fully covered with an RV insurance policy. Is it time to upgrade? Or are you looking for a first-time policy? Either way, the team at DePaulo Agency has put together some tips to help you with this process.
1. Work with a Reputable Insurance Agent
Your first task should be to connect with an insurance agent who can guide you through the buying process. They are knowledgeable, friendly, and available to answer your questions before, during, and after the buying process.
2. Bundle Your Insurance Polices Under One Carrier
To help you save money on your premiums, your insurance agent will help you find the best carrier to bundle all your insurance policies under. These can include life insurance, auto insurance, home insurance, boat insurance, commercial insurance and more. This is one of the easiest ways to save money when securing a new RV insurance policy.
3. Compare Several Quotes
It’s important to view many RV insurance quotes before deciding on which one is right for you. A reputable insurance agent can help with this by going over all the details, comparing coverage and cost, and clearing up any confusion about the various polices and what they offer.
To learn more about securing an RV insurance policy in Scotia, NY, contact the DePaulo Agency, serving this area. You will be connected with a friendly agent who will listen to your needs and help you find the best policy for a price you are happy to pay. Call today to get started.
An umbrella insurance policy in Scotia, NY picks up where your home and auto insurance leave off. Policies are usually sold in $1 million increments.
In order to determine how much umbrella insurance you need in Scotia, NY, you can work with an agent at DePaulo Agency. You can also do some calculations by yourself.
You first want to assess your risk. A car accident is one of the most likely scenarios that triggers the need for excess liability coverage because a fatality or permanent disability could result in large judgments. Your risk will be higher if you have a longer commute and the more you drive, or if you are insuring elderly or teen drivers. Condo owners can also be held responsible for damage to other units. You can also be at a higher risk if you have a trampoline or swimming pool in your yard, or have a boat. You may need added coverage if you serve as volunteer on a nonprofit board since you won’t be protected from all potential lawsuits.
You will want to know your net worth, which is your assets minus any debt you have. You also need to know your home equity and the value of your retirement plans. Add up these values and then subtract the maximum limits of your liability coverage. This can give you an idea of how much of your assets are left unprotected from your current liability coverage and how much you should be purchasing. While you can increase your liability limits on your home and auto, it may make more sense financially to get an umbrella policy. You could possibly get a discount if you are buying all three policies through the same insurer. At a minimum, you should have $1 million in coverage and if you have significant assets, you should have more.
Contact DePaulo Agency to get a quote on umbrella insurance.
Motorcycles attract thieves because they have no windows or doors, and they are small compared to most other motor vehicles. Protect yourself by trying to deter lawbreakers with anti-theft devices,. And contact DePaulo Agency, which serves Scotia, NY, to buy motorcycle insurance to protect your cash and property in the event of a theft or an accident.
Even in this age of extreme technology, many motorcycles are sold without much to deter theft. One of the most effective anti-theft devices you can buy is an alarm. They’re loud—usually about 120 decibels. No thief wants to hear that blast. Some attach to the bike’s disc brakes. Others are placed on their electrical systems. One easy-to-use model arms when you walk away and disarms as you return to your bike.
If you’re going to be out of earshot, at least one company makes an alarm with a pager that vibrates when the alarm goes even if you’re up to a one-half mile away from your bike. Some models "report" soundlessly to your smartphone if the alarm goes off.
If you use a quality chain or cable to fasten your bike, attach it to a heavy object that’s stationary. Don’t forget to wrap the fastener enough times so there is no slack to allow a thief to use a cutting tool. Experienced motorcycle experts advise you to use an additional anti-theft device too.
If you park in a public garage, hide your bike behind a car. If you have no garage at home, cover your bike. When riding with a group, try to park all the bikes in the same place. Take the time to protect your motorcycle, and don’t ride without insurance. DePaulo Agency gladly serves Scotia, NY. Contact us for help in choosing motorcycle insurance.
Insuring your boat can help protect from losses and liability, but do you need to insure a classic sailboat? There are many types of boat insurance and there is even specialty insurance designed to cover a classic boat. Just because the boat is not a traditional motorboat, doesn’t mean it doesn’t need insurance coverage.
Protect Your Investment
Classic sailboats can be worth large sums of money and are coveted by collectors all over the world. It is a smart move to cover your boat with the appropriate type and amount of insurance to protect it from theft, fire, or any other type of incident where there would be covered losses. In order to find the right type of insurance for a classic sailboat, you should enlist the assistance of an experienced insurance agent who can help clients discover the insurance products that fit their specific needs.
Working With An Agent
Working with an agent will prevent classic sailboat owners from purchasing the wrong insurance and helps prevent coverage gaps that could prove costly. Residents living in or around the Scotia, NY area should consult with DePaulo Agency to find out more about classic boat insurance. They can help outline the current need and offer products designed to meet their needs, even in the future. They can even help assist clients with claims.
Don’t risk losses by not insuring a classic sailboat. Get the answers you want and the products you need by calling or stopping by DePaulo Agency, serving residents around the Scotia, NY area, and see why they are a leading provider of high-quality insurance products.
RV insurance is something that makes a big difference in how safe your RV is and how easy it is to replace your RV or repair it if something does happen. An RV is much like a home and they are broken into from time to time and having good coverage to protect it is a must. For those that live in the Scotia, NY area, the agents with DePaulo Agency can help you find the perfect policy for your particular RV and RV needs.
RVs are like homes and they are broken into from time to time. In these cases when the RV is broken into and damaged, items are stolen, and things are disrupted, you may have to pay to get these issues taken care of. An RV policy is going to help you to get everything set right so that you are not going to have to deal with recovery on your own. This type of policy is going to help pay for damages to the RV itself, damages to items inside the RV, and also help with replacing the items that were damaged or stolen.
A break-in is not something that anyone ever wants to deal with but with the right help and the right insurance policy, you are going to be able to recover, even after something like a break-in, and get back on the road and back to enjoying your RV. The right policy can do wonders and knowing what you want to have covered is a must. For those in the Scotia, NY area, the agents with DePaulo Agency can help you to find the best insurance policy for you and for your RV. A break-in does not have to be the end of the line.