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.

3 Tips for Finding a Broker of Record Letter in New York

Are you looking for a broker of record letter in Amityville, NY? If so, it’s smart to have an insurance policy for this position. A broker of record is a big responsibility, and you are held accountable for any mistakes made. For this reason, don’t delay purchasing a broker or record letter insurance policy as soon as possible. To help you get started, The Budde Agency Inc. has written this list of three simple tips you can follow. 

1. Compare Several Agencies

Insurance varies from policy to policy and from insurance company to insurance company. To make sure you choose the right policy for your needs, it is recommended that you compare several agencies. Discuss the details with them, asking questions and relieving any concerns about what needs to be covered..

2. Bundle Your Insurance Policies

Chances are you already have several insurance policies, such as life insurance, auto insurance, home insurance, umbrella insurance, and more. When you bundle all of these policies under one insurance carrier, you’ll be rewarded with a discount on your premiums. Talk to a reputable agent about this and other discounts.

3. Work with a Reputable Agent

To be sure you get the most for your money, consider working with a reputable agent when searching for a broker of record letter in Amityville, NY. These agents are trained to help you with policies and reliability, find discounts, and clarify all your questions. 

To learn more about a broker of record letter, contact The Budde Agency Inc. Our friendly team of agents is standing by to take your call and help you get started today.

 

 

Benefits of Commercial Insurance

Small businesses need to take important steps to protect their growing business. One of these steps is to ensure that the right commercial insurance policies are in place. These types of policies are not one size fits all, so its good to work closely with your agent so that they understand your business needs. If a situation, such as severe weather or a liability suit, affects the business, it will be able to recover quickly. Our agents at The Budde Agency Inc. work with businesses throughout the Long Island and Amityville, NY area to put the right policies in place for our clients. 

How Does Commercial Insurance Help?

Commercial insurance plans are several policy types combined into one. Property insurance protects any physical structures the company owns. It also covers the building’s contents, such as inventory, supplies, and computers. If your company frequently attends trade shows or fairs, there are unique inclusions that can protect you when your staff is offsite. Commercial liability coverage provides protection if someone is injured at a corporate facility. It also protects if someone is injured by one of your products or services, and the company is found to be negligent. Workers’ compensation covers staff medical expenses if they are injured on the job. These are the basics.

Additional coverage that you should consider is business continuity protection. This helps businesses recover quickly following a disaster and limits loss of income due to the inability to function normally. Professional liability coverage is available to protect professional companies. Umbrella insurance is an added layer of protection should a disaster occur. These types of plans are above your base commercial policy and only go into effect when other plans have met their limit caps. Commercial auto insurance covers any vehicles used to conduct business. 

Businesses have many options when it comes to commercial insurance policies. This allows them to be tailored to your specific needs. Our team at The Budde Agency Inc. in the Amityville, NY area can discuss your options. Skim through our website for general information, then call or come by. Protecting your business is our priority!

 

 

 

Remodeling my home: Does it affect my home insurance policy?

Home renovations are fun to do as they involve a variety of activities like designing a new floor, painting different colors, and picking fixtures. So, how does this affect your homeowner’s insurance? In truth, some renovations can provide you with insurance savings and discounts, while others may raise your rates.

The Budde Agency Inc. recommends speaking to your insurance provider before remodeling your home. This will help you prepare for any changes in costs and coverages. 

Renovating rooms 

Renovating contemporary rooms in Amityville, NY may boost your home insurance as you will be adding value to the contents. For instance, putting hardwood floors or granite countertops is considered a high-quality investment for your property.

Adding an office

If your renovation includes adding a home office, you may need to adjust both your home and business insurance. This will also be determined by specifics such as if the office will be your primary business space and whether you will have people coming to your home or not.

Construction insurance

Renovation may sometimes require additional coverage, particularly during the construction period. Construction involves the risk of injuries and theft on your property. It is also essential that you hire a contractor who is insured as well. 

Constructing a pool

Adding a pool means adding a severe risk to your home. These luxurious additions like trampolines and pools will primarily affect your insurance premium by raising it.

Creating more room 

Creating space to accommodate more family members may require you to include a humid attic, dank basement, or other suitable additions. Your insurer will need to alter your coverage to account for the value of the new space.

Are you thinking of remodeling your home this season? Contact The Budde Agency Inc., located in Amityville, NY, and we will help you with any questions you may have.

Who needs professional liability insurance?

Many occupations should consider purchasing professional liability insurance. Each business has unique risks that need to be protected. If you live in the Amityville, NY area, reach out to The Budde Agency Inc. to assist in designing a custom professional liability policy that is right for your business.  

Contractors 

As all contractors know whether it is a small project or a big project, there are plenty of things that can go wrong throughout the process. Construction work can lead to various professional liability claims. A client can accuse you of not doing work in the same manner that was agreed to when you were hired. Also, any construction delay could lead to a professional liability claim even if the cause of that delay was out of your control. 

Personal Trainer 

The nature of the personal training business can often lead to client injuries. It is very easy for a client to turn around and claim you did not perform your job correctly and caused their injury. As a result, you could be forced to cover their medical bills in addition to damages for pain and suffering. A professional liability policy will shield you and your business from these types of claims. 

Photographers 

Photographers should always consider purchasing a professional liability policy. As a photographer, in the event you fail to produce the pictures you agreed to, you could be on the hook for a large sum of damages. Imagine if your equipment broke and you could not take photos of the bride and groom on their wedding day, the cost to make that client whole would be substantial. A professional liability policy can give you peace of mind that your business is protected. 

If you are unsure if a professional liability policy is right for you, reach out to an agent at The Budde Agency Inc. today. We proudly serve the Long Island and Amityville, NY area.