What Croton Falls, NY Boat Owners Need to Know about Boat/Watercraft Insurance

Posted on June 14, 2022June 14, 2022 by admin

While you’re enjoying the water in your boat or watercraft, you need to make sure your vessel is covered.

Here’s what you need to know about boat/watercraft insurance in Croton Falls, NY and how Carminucci Agency can help you with your insurance needs.

What Does Boat/Watercraft Insurance Cover?

Obtaining boat/watercraft insurance provides essential coverage for your vessel.

Physical Damage Coverage

Physical damage coverage protects your boat while it’s in storage or being transported. This type of damage coverage also protects your boat in the event of:

Fire
Vandalism
Theft
Lightning

Liability Coverage

Liability coverage helps you in the event of a collision involving a dock, another boat, or other boaters.

Personal Liability Coverage

Personal liability coverage protects you and your family members in the event of an accident that injures another person.

Medical Payments

Medical payments coverage handles any medical expenses that occur if you or someone occupying your boat is involved in an accident.

Property Damage

Coverage for property damage handles any damage that may be caused to another person’s property while you are operating your watercraft.

What Are the Benefits of Boat Insurance?

Purchasing a boat is a large investment and it’s important to keep insurance on your boat in case of an accident.

Emergency Assistance of Towing

Being stuck in the middle of the water with no one around is a scary thought. When you have boat/watercraft insurance, you don’t have to worry about expensive towing fees because your boat/watercraft insurance covers it.

Uninsured Boater Coverage

Not every boat operator is insured. However, with an active boat/watercraft insurance policy, you can add this coverage and have peace of mind. Regardless of who causes damage to your boat, you aren’t stuck paying for everything out-of-pocket.

Total Loss Replacement

If your boat or watercraft sinks or is a total loss because of irreparable damage, you could spend thousands replacing or repairing your boat. You can add a total loss replacement to your Croton Falls, NY policy so you can enjoy being on the water in a short time.

Call Us Today

Here at Carminucci Agency, we’re here to help you with your insurance coverage needs. We proudly serve New York, New Jersey, Connecticut, and Massachusetts.

4 Things You Should Have In Mind When Looking For Umbrella Insurance

Posted on May 23, 2022May 23, 2022 by admin

Whenever you want any kind of insurance, you just don’t wake up and head to the market to purchase coverage. Having information beforehand helps you get an insurance plan covering your current needs. So, when buying umbrella insurance in Croton Falls, NY, you need to do basic research to make an informed decision. At Carminucci Agency, we like seeing our clients make correct decisions on matters concerning their finances by giving them all the information they need.

Here are things you should have in mind before heading to the market to look for umbrella insurance.

4 Things To Consider For Umbrella Insurance

Consider the value of your assets: Umbrella insurance takes over when the underlying coverage has been exhausted. Your assets could be on the line without umbrella insurance when your conventional liability coverage runs out. Consider umbrella insurance that covers your net worth. If a lawsuit isn’t ruled in your favor, this could be the amount you stand to lose.
Your likelihood of being sued: In the litigious society we live in, we are all at risk of being sued. However, some people are likely to face a lawsuit more than others. For instance, if you are a high-net-worth individual, own a business, have a dangerous dog, or chair a charity organization, you are at high risk of being sued. So, considering umbrella insurance should be a priority for you.
Consider your future income: If a lawsuit isn’t ruled in your favor, your future income could be lost if you don’t have sufficient coverage to cover the settlement claims. Purchase umbrella insurance that protects your future earning potential.
Know what it covers: Most people assume that umbrella insurance covers all their risks— perhaps because of the name “umbrella.” The reality is umbrella insurance is liability insurance that covers you when others accuse you of bodily injury and property damage.

Want to make the right decision when purchasing umbrella insurance? Always consult Carminucci Agency in Croton Falls, NY. Let us be your home for all your insurance matters.

Additional Flood Insurance Facts

Posted on April 29, 2022April 30, 2022 by admin

When you buy a new home, you may be confused by all of the homeowner’s insurance policies. Then, you have to decide if you want any extras, such as flood insurance. Though you may not want to consider it, you really should. Here are some reasons the Carminucci Agency in Croton Falls, NY recommends why you should consider getting flood insurance.

Why Do You Need Flood Insurance?

Your homeowner’s insurance won’t cover any flood damage. Though you would think that your homeowner’s insurance would cover anything, the truth is that most won’t cover flood damage. So, even if you don’t live in an area that floods, you may want to protect your home, just in case.

You may be required to get flood insurance. If you live in a flood zone, you will be required to get flood insurance from your mortgage company.

You may be waiting a while if you are waiting on federal disaster relief. Though you may think that you could get federal disaster relief money if you are involved in a flood or major storm, the truth is that there is often not enough money to go around. So, if you are eligible, you may not get as much as you think, or you may not get anything at all.

If you want to protect your home and your investment, you need to consider flood insurance. Your homeowner’s insurance isn’t going to cover the damage. You may also find out that you aren’t going to get any relief funds, even if you are involved in a huge storm.

If you want to make sure that you have enough homeowner’s insurance, with or without flood insurance, don’t hesitate to contact us today at Carminucci Agency in Croton Falls, NY.

Do I Need Flood Insurance for My Condo?

Posted on March 31, 2022April 5, 2022 by admin

As the owner of a condo, do you need flood insurance? You do if you have a mortgage backed by the federal government or if you live in a FEMA flood zone. The insurance experts at Carminucci Agency, which serves Croton Falls, NY, remind you that not having it is risky. Remember that flood insurance is separate from your condo association’s master insurance policy.

Flood Sources in the Area

This geographic area is surrounded by the Croton River and plenty of other water sources. That means flooding could come in the form of rain runoff, melting snow, storm surges, or flowing mud. Though your condo association may have a master insurance policy, it may not have a flood insurance policy.

And even if it does, it probably just covers the exterior of the building and the spaces that everyone uses, like the lobby, staircases, pool, and other amenities.

Protection for Contents in a Flood

It is less likely to cover your condo other than its structure and appliances. So, you will probably need to purchase a flood insurance policy to cover the personal items in your unit.

Some Financial Relief

However, our insurance agency points out that even if you live on the 10th floor, you could be hit with an enormous repair bill if flooding occurs. With no condo association flood insurance, damage to the first floor, for example, could mean that you and all the other condo owners could be responsible for repair costs.

If you live near Croton Falls, NY, contact Carminucci Agency to discuss flood insurance for your condo. Such a purchase could save some money.

Facts You May Not Know About Auto Insurance

Posted on February 7, 2022February 1, 2022 by admin

Understanding basic auto insurance facts in Croton Falls, NY can be difficult, but the lesser-known facts about policies, guidelines, and procedures can be absolutely overwhelming. Fortunately, you can count on Carminucci Agency to help you understand all the facts.

Your Credit Score Can Affect Your Car Insurance Rates

Insurance carriers have determined that certain characteristics determine whether or not an individual is more likely to file an auto insurance claim. One of these characteristics is having poor credit. Providers consider your credit score along with several other factors, such as your age, driving history, vehicle type, claims history, and more to determine the amount they will charge you for your car insurance premium.

Automatic Policy Renewal May Not Be in Your Best Interest

When it comes to auto insurance, many drivers in Croton Falls, NY have a "set it and forget it" mentality. You set up your policy when you purchase your car, set up auto-renewal, and autopay, then just forget about it. You could be missing valuable discounts and benefits if you do not take the time to review your auto insurance policy regularly.

Stopping Payment is Not the Way to Switch

When you decide that you want to change insurance providers or you sell your car and do not buy another right away, you may think canceling your insurance policy is as simple as no longer paying the premium. Yes, not paying will cause the provider to cancel coverage, but they may also report you to the credit bureaus and damage your credit score. In addition, when you apply for coverage in the future you could be declined coverage or charged a higher premium when the provider reviews your insurance history.

If you still have questions regarding the details of your auto insurance policy, the experts at Carminucci Agency are here to address all of your concerns. Give us a call today.

How Can Commercial Insurance Protect My New York Business?

Posted on January 24, 2022February 1, 2022 by admin

New York is one of the best places in the country to run a business. If you’re a business owner in the Croton Falls, NY area, Carminucci Agency wants you to be informed about your commercial insurance options and how they can set your business up for success today and in the future.

While many property leases require some type of commercial liability insurance in their contracts, the state of New York does not require business insurance as a whole. However, it’s one of the most valuable investments you can make in your business, even if you are just getting started.

Many businesses choose to invest in commercial insurance because they have monetary assets at stake in their business; these could include trucks or vehicles that employees drive, inventory that is housed on-site, or multiple employees that require workers’ compensation in order to protect them from work-related injuries.

There are many reasons to invest in commercial insurance on the internal side. But you also have to calculate the risk involved in your business; if you have complicated client relations or are in a lucrative industry, lawsuits may have a higher potential of being in your business’s future, and insurance can help you financially in many legal scenarios.

Whether you have commercial insurance or are shopping around, there are so many ways a policy can protect your business financially. Insurance also protects your employees and ensures they are taken care of.

If you’re in the Croton Falls, NY area and need guidance about a commercial insurance policy, Carminucci Agency is here to help. Contact us today and we’ll do our best to get your business set up with a quality policy that checks all the boxes.

Should all businesses in New York get commercial insurance?

Posted on December 15, 2021December 15, 2021 by admin

Those that are in the Croton Falls, NY area will always find that there are a lot of opportunities to be successful as a business owner. When you do want to run a business here, a great way to ensure you are supported is by getting a commercial insurance plan. There are a variety of reasons why a business in this part of New York should get a proper commercial insurance policy.

Comply with Their Agreements

A good reason for any business in this part of the state to get commercial insurance is to ensure they stay in compliance with their agreements. Having commercial insurance is very valuable as it protects a company. Due to this, many individuals and organizations that you do business with will want your company to have coverage. Agreements with investors, property owners, vendors, and lenders frequently have provisions that require you to maintain commercial insurance.

Protect Organization

There could be situations when a business here is not required by different agreements to carry coverage. However, commercial insurance is still a valuable investment as it will help to protect your business. With a proper commercial insurance plan, you are always going to have the coverage needed to repair or replace your core assets. Further, you will have the support and financial protection needed if you are ever named liable for an accident.

You will always want to have commercial insurance when you are going to run a business in the Croton Falls, NY area. When you are looking to properly insure your company here, speaking with the Carminucci Agency about your commercial insurance needs is important. The team here can continue to offer you the guidance that is needed to build and choose a plan that is right for your situation.

Why Do I Need Home Insurance in New York?

Posted on November 30, 2021November 30, 2021 by admin

If you own a home in Croton Falls, NY or the surrounding areas, we highly recommend taking a look at your current home insurance to confirm the coverage on your policy is satisfactory. Carminucci Agency and its insurance agents can help you assess your current coverage and what needs updating.

As a homeowner in New York, you most likely have a mortgage to pay and working with a lender to secure a loan. In most cases, lenders require homeowners’ insurance to protect their investment in you. Therefore, home insurance may not be legally required in New York, but it is required by most lenders.

Realistically, there’s no reason you should not have a home insurance policy on the biggest investment in your life. Home insurance policies cover the home itself, the personal property within the home, and the structures on the property, like a swimming pool, shed, or garage.

All these things are worth protecting— damage to any structure or property can be catastrophic financially if you have to pay out of pocket to repair or replace them. Cover your bases beforehand, and you’ll thank yourself later should you ever need that insurance you invested in.

The team at Carminucci Agency is here to help if you have any questions or concerns about your homeowner’s insurance. Don’t hesitate to reach out to us if you’re in the Croton Falls, NY area and are looking for some guidance when selecting the best home insurance policy for you and your family. Let the experts handle the insurance while you enjoy the beauty of homeownership in the great state of New York.

4 Ways in which Classic Car Insurance Protects You

Posted on October 15, 2021October 5, 2021 by admin

Classic cars are one-of-a-kind vehicles that hold memories. As such, you shouldn’t take their safety for granted. If you would like to protect your antique or collector’s car, classic car insurance from Carminucci Agency in Croton Falls, NY, is the safest best. Here are the benefits you accrue from investing in classic car insurance.

Liability protection

Classic car insurance will shield you from incurring out-of-pocket liability claims if you are involved in an accident. Classic car insurance covers the medical expenses and possible legal charges if someone is injured due to your fault. Similarly, if your vehicle damages someone else’s property, your classic car insurance will come to the rescue.

Provides emergency road assistance

In case of emergencies such as breakdowns on the highway, classic car insurance can provide roadside assistance services, including flatbed towing, gas delivery, battery jump-start, and so forth.

Protects your classic car

When you invest in classic car insurance, your get is cushioned from perils like theft, fire, and vandalism. And even when your car is stolen or damaged, your insurer compensates for the value your car is worth. Why is this? Unlike your standard auto insurance that reduces the depreciation factor from your compensation, classic car insurance compensates you for the value your classic car is worth today.

It’s mandatory

If you drive your classic car on public roads, you are expected to purchase classic car insurance with minimum liability coverage. Failure to comply with this requirement could land you in the wrong hands of the law.

Purchase classic car insurance today!

With all the classic car insurance benefits, it would be unthinkable for you to wait until the worst happens before purchasing this coverage. Instead, make the right decision and contact Carminucci Agency in Croton Falls, NY, for competitive classic car insurance coverage.

What should my Croton Falls, NY recreational insurance cover?

Posted on September 30, 2021October 5, 2021 by admin

Because recreational vehicles are both homes and vehicles, insurance policies also have a wide range of options.

Located in Croton Falls, NY, Carminucci Agency can determine what policy is right for you. The six coverage types below are likely to be included in any RV insurance bundle.

Collision insurance

Accidents happen. Unsurprisingly, collision insurance protects if it does. The best policies will include this coverage, regardless of who is at fault.

Comprehensive coverage

Any damage that’s not a result of a collision falls under comprehensive coverage. This can include natural disasters, falling objects, theft, and even vandalism. Most policies will list the issues protected.

Uninsured motorist

If your RV is involved in a fender bender with someone who has insufficient coverage, uninsured motorist insurance has you covered. In addition to property damage and injuries, this coverage often also includes lost wages.

Liability

If you’re determined to be at fault during an accident, liability kicks in. Generally applied to motorized RVs, this protects against bodily injuries to you or others while in or near your recreational vehicle.

Medical

This type is often required by law, so choose a policy that includes medical insurance. Related to liability, this pays for healthcare expenses for you or any passengers who might get hurt while inside your RV.

Personal property

Most of this list applies to auto insurance too. However, personal property coverage does not. This protects belongings inside your RV if they’re stolen, damaged, or destroyed. Keep in mind your homeowner’s policy may already extend to some of these possessions.

Contact an agent serving Croton Falls, NY

Recreational vehicles can serve several roles. You’ll want an insurance policy that captures both. The Carminucci Agency can create a unique plan that protects you and your family as you travel this summer.

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Carminucci Agency

Tag: Croton Falls NY