NY Insurance Hub

Homeowners insurance policies include personal property at a fixed amount based on the replacement cost of your home. However, coverage amounts may be limited for certain types of personal property. Examples of items that have coverage limitations are: Jewelry Musical Instruments Guns Furs Artwork Cash & Coins Stamps Sports Cards Other Collectibles Silver and Gold […]

The Story Behind Increasing Commercial Auto Insurance Rates Commercial auto insurance rates have been on the rise since 2011, increasing often by more than 10% a year as accidents and claims costs have soared. The trucking industry has been the hardest hit by the steep increases, and there are a number of factors contributing to […]

Unfortunately, disaster can strike at any time. No one is immune to the threat of losing his or her home due to any number of possible hazards. But a recent survey found that most homeowners are seriously underinsured. Marshall & Swift/Boekh, a leading insurance data services company, found that 66 percent of homeowners had inadequate […]

With so much information – and misinformation – circulating about COVID-19 and what’s safe and not safe to do, businesses are treading carefully as they implement policies to keep their staff, customers and vendors safe. While there is plenty of guidance from the Centers for Disease Control and OSHA on how to reduce the chances […]

The average annual rate for an auto insurance premium is $800. However, this number varies widely based on individual factors. Different risk factors that have been linked to accident statistics affect the final rate. These factors are often better at determining risks than analyzing individual driving records alone. While not all companies use every determining […]

One of the keys to managing risks when you first start a business is getting the right insurance to cover your operations, property and potential liabilities. Unfortunately, many business owners fail to update their policies and just renew them year after year even if the company has grown, expanded operations and facilities, and added new […]

Statistics have long shown that young drivers have car accidents at higher rates than the older ones. Lack of experience, overconfidence, underestimation of risk, social pressure and risky behaviors are generally seen as the primary explanations for these results. However, a recent study shows that distractions, especially cell phones, are playing an increasingly bigger role […]