If you don’t already have Flood insurance its too late to buy it now. So the only real advice I can give those that live near water and are going to be directly effected by Hurricane Earl is batten down the hatches and protect yourself as best you can.
The problem, as I see it, is NOT in you, but rather in the perpetuation of Insurance as a Commodity constantly broadcast at you by direct writers.
And needless to say during the few months that Upstate New York weather actually permits, I spend a decent portion of my free-time at local golf courses. Which means that I am very familiar with just how Bad of a Golfer YOU Are!
New York residents be prepared to receive a Lead Liability Exclusion endorsement to your property insurance policy (homeowners, income properties, secondary, vacation homes, etc). New York insurance carriers are quickly mobilizing against lead paint claims.
Home-Based Business is a topic I will stand on a soap box for. Because the liability (and property) repercussions of NOT properly insuring a Home-based Business can be devastating.
The personal property and liability coverage provided within your Homeowners (and Renter) Insurance policy follows you throughout the world. That means your insurance policy is working for you even when you go on Vacation!
Certain types of personal property have sub-limits on amounts payable upon a loss. The most commonly seen limitation is the $1,500 restriction on Jewelry, (think Engagement Rings).
All you loyal insurance shoppers out there that have been with the same carrier for 10, 15, 20 years… You most likely are still on a Broad Form policy.
Insurance is often discussed with a disdain only Repo Men can admire. Unfotunately for the passionate insurance Haterz out there, much of the negitive emotion surrounding insurance is based on misconceptions.
Domestic Partners would be wise to understand the insurance concerns associated with their living situation. Both Gay and Straight domestic partners must realize that common insurance laws and practices were set up for the “Traditional Family Relationship.”
