Do I need insurance before I register a car?
New York State requires you to insure your car before you can register it. The department of motor vehicles (DMV) will deny your registration without proof of insurance.
Back to TopWhat is the difference between Comp and Collision coverage?
Comp (a.k.a Comprehensive or Other Than Collision) and Collision are physical damage insurance coverages on a personal or business auto insurance policy.
Collision coverage provides reimbursement for damage to your vehicle after you’ve been in a car accident in which you are at-fault. This includes hitting stationary objects such as mailboxes or a ditch. Comp provides reimbursement for a set of named perils that include, fire, hit an animal, falling object, car struck by lightning, flood and more.
Both coverages are usually accompanied by a deductible or "self insured" payment requirement. Comp will often be provided in conjunction with full glass coverage but is technically a separate part of the auto insurance policy.Back to TopCan I cancel my auto insurance policy anytime?
You can cancel a personal insurance policy (i.e. Auto, Home, Boat, etc) at any time without penalty in New York State.
But you must first cancel your registration by turning in your license plates to DMV or replacing the policy with another company for any auto policy, otherwise submit a signed request in writing for any other personal policy.
All policies are cancelled pro-rata which mean you only pay for what you use.Back to TopWhat is renter insurance?
Renter insurance is an insurance policy built to suit the needs of individuals and families who do not own the property they live in.
In many ways a renter insurance policy is similar to a homeowner insurance policy except the building coverage has been removed. However, there is still coverage for personal property and personal liability among other important coverages.
For the amount of insurance contained within a renter insurance policy the cost is very minimal not to mention with most insurance carriers you get the same multi-policy discount on your auto insurance as you do with a homeowner insurance policy.Back to TopHow much homeowner insurance should I have?
This is one of the questions asked most often and the unfortunate answer is “It Depends.”
There are so many factors that go into how much homeowners insurance you should have. In an effort to not get too technical on you I would say that as long as your policy in written and insured at replacement cost (between $130-$200 per square foot of living space)you are doing well.
That doesn’t mean you have the absolutely correct amount but you are in the ball park. Determining the amount of homeowner insurance appropriate for your home is something I would recommend you leverage your insurance professional for.Back to Top