Home Insurance Coverage Options

You have made a substantial investment in your home. The best way to ensure your investment is protected is to obtain a home insurance policy. While home insurance is not required under state law in New York, it may be required by your lender if you have a mortgage on your home. The main part of home insurance is the coverage options but what are they? The home insurance agents at The Budde Agency Inc. in Amityville, NY understand the importance of home insurance and the many cover options available.

Home Insurance Coverage Options

Dwelling coverage is the part of your home insurance policy that covers the house you purchased. This type of coverage will repair or replace your home if it is damaged or destroyed by a fire, vandalism, or a natural disaster, such as a hurricane or tornado.

Other property insurance will cover other structures on your property, such as a garage or shed. For instance, if your garage catches on fire and is a total loss, this part of your insurance policy will help to replace it.

Personal property coverage will ensure that if there is a fire, vandalism, or natural disaster, your personal property is replaced. This will items, such as your clothing, furniture, and appliances. This part of the policy will also cover these types of items if your home is robbed or theft occurs.

Liability coverage is important to have if someone is injured while visiting you at your home. For example, if a person slips and falls on your property and is injured, this part of your policy will help pay for the medical bills and possibly their lost wages if they have to be off work while they recuperate.

Additional living expenses coverage will help you pay for another place to live while your home is being repaired or replaced due to a fire or some other disaster that leaves your home in an uninhabitable state.

Your insurance agent can help you determine the amount and types of coverage you need for your home insurance policy. The agents at The Budde Agency Inc. in Amityville, NY are ready to help you create your home insurance policy. Call for an appointment today!

Exploring The Benefits Of Professional Liability Insurance

The Budde Agency Inc. serves the Amityville, NY community through offering residents multiple types of insurance coverage. We recognize that our clients have different needs based on their individual situations. That’s why we strive to help them find policies so that they will be prepared for whatever life’s challenges bring their way.

Exploring Professional Liability Insurance

If you are a business owner in Amityville, NY, professional liability insurance can help you protect your business in case an unexpected dispute arises. So many businesses today rely on social media and the internet to gain leads and attract talent. Professional liability insurance will cover you if you give online advice that leads to unintended negative consequences. You may be held liable for any damage that you caused.

If you are a local contractor, the policy will protect you if you are involved in a dispute with your client over the terms of a potential project. Regardless of the issue, professional liability insurance will protect you.

Professional liability insurance is also an asset if you are a developer or a photographer. If your client believes that the work that you performed does not match the standards that were agreed to when you took the job, you may be held liable. Professional liability insurance will cover you. If your equipment malfunctions and you are unable to complete tasks or the glitch causes multiple errors that you can’t fix, the policy will cover you in a potential liability dispute. If you are involved in a business with high demand, professional liability coverage will help you navigate those risks.

The Budde Agency Inc. Will Help You Protect What Matters Most

Visit our website today to learn more information about professional liability insurance.  

An In-depth Look At Workers Compensation Insurance

The Budde Agency Inc. serves the Amityville, NY community, as well as the surrounding areas by offering different types of insurance coverage. We strive to help our clients find coverage specifically designed to meet their unique situation. It’s important to us to help our clients find policies with a personal touch.

Workers Compensation Insurance

Small business owners in the Amityville, NY community often feel overwhelmed with the daily demand of operating a business. In order for your business to continue running smoothly it is important that you look out for your employees. Having great employees is important to the overall success of the business. One way that you can show how valuable your employees are is through offering workers compensation insurance.

Worker’s compensation insurance helps protect your employees and covers your business in the event of a potential liability issue. The policy covers any issues that may arise in the event that any of your employees is injured while working. Accidents may happen at any moment. That’s why it is important that you are protected. Keep in mind that the policy covers multiple types of work-related injured based on the industry that you are working in. The policy covers the physical safety of your employees while also covering your business from potentially suffering huge losses.

Even if you do not have a large number of employees, workers compensation insurance is still an asset to your business. Your business will also look more attractive to the top talent in the industry. This shows that your business is credible and you recognize the importance of having dependable employees.

The Budde Agency Inc. Will Help You Insure The Business Of Your Dreams

For more information on worker’s compensation insurance, visit our website today!  

5 Ways to Know You’re Getting Enough Classic Car Insurance

How can you know that you’re getting the proper insurance for your classic car? Sure, you can do research online yourself but it’s a better idea to go through an independent agency such as The Budde Agency Inc. of the Amityville, NY area.

Don’t Use Regular Auto Insurance

One of the major mistakes you can make in terms of your classic car is putting it on your auto insurance. Instead, you want to secure specialized insurance by getting a classic car insurance policy. The reason is that it actually can backfire if you use regular automobile insurance since the insurance company only will pay out a lesser amount than the original value of your car if it’s damaged. Since classic cars tend to hold the same value or even increase (appreciate) value over time, this won’t work for you. 

Basic Coverage Needs

Your basic classic car insurance should include standard liability, comprehensive, and collision coverage. Whether you’re in an accident or there’s some other damage or loss to your vehicle, this will make it so that it will be a proper estimation of what the repairs and replacement is worth.

Eligibility Determination

In most instances, only antique or collectible vehicles from a certain time period fall under the category that would make them eligible for this type of coverage. You’ll need to talk to an agent at length to give details about your vehicle, explain any particular circumstances including if you’ll have it in shows or travel with it as opposed to keeping it in storage, and some other things.

Find Your Insurance Today

Qualified classic car insurance at The Budde Agency Inc. of the greater Amityville NY area will sit down to discuss how you can get an ideal package of policies. Contact us today to begin the process.

What Does Recreational Insurance Cover?

If you love taking your vehicle on the untraditional path, then you should be familiar with recreational insurance. If you’re unfamiliar with the term, learning about it could be quite beneficial to keeping your recreational vehicle protected. Learn about recreational insurance and what it covers with The Budde Agency Inc. 

What Is Recreational Insurance?

Recreational insurance is similar to auto insurance in that it provides protection and coverage for your recreational vehicles in the case of an accident or other events. Here are some areas of coverage for which recreational insurance can provide coverage: 

  • Liability
  • Property damage
  • Injury
  • Personal injury 
  • Medical costs

These are just some of the major areas recreational insurance can cover. The specific type of insurance coverage and the amount of coverage you can receive on your recreational vehicle will depend on your vehicle. To know what type of coverage and the amount you can receive, get a consultation from The Budde Agency Inc.

Why Get Recreational Insurance?

It’s always better to have coverage and never need it than it is to not have coverage and find yourself desperately needing it. You would protect the standard car that you take on your commute to work. So, why wouldn’t you protect your recreational vehicle?

You may think that you won’t get into accident off-roading because you’re not on the main roads and there are fewer animals out. However, off-road trails can be quite rough and dangerous to drive on if you’re not familiar with them. You’re not immune from an accident just because you’re not on the interstate, so you should have the minimum amount of coverage. 

Cover Your Recreational Vehicle with The Budde Agency Inc.

To ensure that your recreational vehicle is covered on and off the road, visit the Budde Agency Inc. Their office is located in Amityville, NY, but you can contact them online to set up an appointment.  

Do I need renters insurance in New York

If you are a renter in Long Island or Amityville, NY, you may be asking yourself if you need to carry renters insurance. While the state of New York doesn’t require that you carry renters insurance, your landlord may. If you haven’t read your lease, it is vital that you do so. If you think that you don’t need renters insurance because you are covered under the landlord’s insurance policy, you are only partially correct. The landlord hopefully has insurance on the physical building and things that belong to him, such as the furnace and perhaps the appliances in your unit. Your personal property is your responsibility. At The Budde Agency Inc in Amityville, NY, we are independent agents, which means we can offer you choices when it comes to carriers.

When it comes to whether or not you need renters insurance, a lot depends on your financial situation and what you have in your apartment. Renters insurance offers a variety of valuable coverage. If you had a covered event destroy the contents of your rental unit, your insurance would provide the money that you need to replace these items. It also covers you against theft, even if it doesn’t happen at home. If your unit is damaged so severely that you can’t live in it, your renter’s insurance can help to pay for another place to stay while your unit is repaired. One of the most essential protections offered is liability coverage. If you are sued, the cost of a settlement against you can wipe you out if you don’t have insurance. 

Renters insurance is an important coverage you will be thrilled you have if something ever happens to your rental unit. Don’t hesitate to give The Budde Agency Inc in Amityville, NY a call to set up an appointment to discuss your renter’s insurance needs. 

Motorcycle Insurance in 2020.

Are you ready for the fresh air and openness that a motorcycle allows? If you are considering enjoying a bike tour around the state or if you use your bike as a daily driver, there are a few things you should know about motorcycle insurance in 2020. The Budde Agency Inc. serves the community of Amityville, NY and the surrounding areas with premium insurance for all you need and we want you to be safe as you travel through our beautiful and scenic state. 

New York Motorcycle Insurance In 2020

In New York, the legal motorcycle insurance requirements are similar to car insurance requirements. You must have a minimum amount of coverage to drive any registered vehicle on public roads, and a motorcycle must be registered. The minimum for motorcycles in New York is just primary liability, and it is also required to wear a state-approved motorcycle helmet and protective eye gear at all times while the bike is in motion. 

Because of the inherent risk that is attached to enjoying the road without the protection of an outer shell or rollbar, we strongly recommend that you carry more than basic liability. Even a "fender bender" that would be a simple inconvenience in a car can lead to serious bodily injury on a bike. We offer fair quotes on your insurance options and are happy to answer any questions you may have about various levels of insurance protection you need. 

Contact us at The Budde Agency Inc. if you need to purchase or upgrade motorcycle insurance. We serve the people of Amityville, NY with all of their insurance needs in 2020. We know you are looking forward to enjoying this beautiful New York summer, and before you know it, the colors will change to fall, so call today and ride your bike safely all year. 

When Is It Worth Filing A Boat Claim For Repairs?

A question most of us will have to consider sooner or later: To file a claim, or not to file a claim?

Whether it’s your home, car, or boat in Amityville, NY, someday you’re going to be looking at a repair bill, and you’re going to be wondering whether it’s worth calling your insurance agent, or if you should just go ahead and cover it out of pocket. Here are a few things to consider:

  • Are the damages covered? It’s worth reading through your policy to see if the damages are included in the first place so that you can save yourself some calculating and decision-making. Call your insurer with any questions and see if you’re covered.
  • Can you comfortably afford to pay for the damages yourself? By comfortably afford what we mean is that it’s not going to be that big a deal to you to pay for some repairs to the hull or the engine. If you have to dip into the retirement account, sure, you can technically afford the repairs, but not comfortably, and that’s what insurance is here for.
  • Does it outweigh your deductible? If your deductible is going to be bigger than the check your insurer cuts you, it’s not worth the effort. If the repairs are bigger than your deductible, but not by much, then, again, you might want to go out of pocket. There’s no sense bumping your premiums to save ten dollars.
  • When was the last time you filed? Insurers who see you filing twice a year will see you as high risk and raise your rates or even drop you.

If your math checks out and you’re covered, go ahead and file. If you’re still shopping for boat insurance in Amityville, NY, call The Budde Agency Inc. The Budde Agency Inc. can connect you to the coverage you need.

Benefits of Umbrella Insurance in New York

People all over the Long Island and Amityville, NY area take on some form of liability risk daily. Many of these risks are covered by your basic insurance policies, including your home and auto insurance. However, for a lot of people, it could make sense to get additional liability insurance coverage through an umbrella insurance policy. There are several benefits that come when you get an umbrella insurance policy. 

Additional Coverage

One of the benefits of an umbrella insurance policy is that you can get additional liability insurance. If you have a base home or auto insurance policy, you are going to have some level of coverage. While this is good enough for most situations, big accidents that result in severe damage or bodily injury could come with more damages than a standard policy would cover. Due to this, it could make sense to get an umbrella policy as it will give you more coverage on top of your base policies. 

Covers More Situations

Additionally, you will benefit from an umbrella insurance policy as it can cover you for more situations that could result in a liability claim. Home and auto can give good coverage, but the situations that they protect against are somewhat limited. When you get an umbrella insurance policy, you are going to receive more general liability protection. This could cover you for more accidents that would not otherwise fit under the base policies.

Getting umbrella coverage is a good option for someone in the Long Island or Amityville, NY area. Since there are some complexities with picking this type of policy, you should reach out to The Budde Agency Inc. The professionals at The Budde Agency Inc. can analyze your situation to determine if more liability coverage is a necessity for you. They can then help you find a policy that provides the right coverage.

What’s Covered Under Cyber Insurance?

If your business makes use of the internet for storing your clients’ or employees’ personal data, financial records, or important company data, your company can benefit from cyber insurance. Cyber insurance can protect your business against data breaches, computer viruses, and other types of cyberattacks. If a breach leads to a lawsuit, cyber insurance will cover your legal costs. Here’s how cyber insurance from The Budde Agency Inc. works to protect your Amityville, NY business. 

What Cyber Insurance Covers

Cyber liability insurance protects your company from cyber attacks by covering the immediate costs of a breach which may include:

  • Informing customers and employees about the breach
  • Restoring the personal identities of customers affected by the attack
  • Recovering company data that was stolen
  • Repairing costs of damaged software
  • Paying for marketing costs to restore your company’s reputation
  • Covering loss of revenue while your company is recuperating from the attack
  • Payment of extortion money to hackers who threaten your system or data

If your company is sued for damages by customers whose personal information was compromised, cyber insurance will help cover your legal expenses and settlement costs.

Who Can Benefit from Cyber Insurance Coverage?

Any business that stores company or customer data online or uses the Internet for financial transactions can benefit from the protection that cyber insurance has to offer. Cyber insurance provides an affordable means for small businesses to protect themselves against cyber attacks. By purchasing cyber coverage, your company will have the financial means to respond quickly and effectively to cyber breaches and carry on.  

By customizing your cyber insurance policy, your small business can obtain the essential protection it needs to recover from cyber breaches. To learn more about cyber insurance coverage and costs, call or visit The Budde Agency Inc. in Amityville, NY today.