spencerport-insurance-agency

Home Owners vs Flood vs Umbrella Insurance with News 8 Rochester

Wed, 12 Dec 2018 21:48:02 GMT

In the video clips below I discuss with News 8 Putting You First on the differences in the types of coverage.

Umbrella Policy Video

Wed, 01 Aug 2018 20:38:22 GMT

View a short video on our Facebook page discussing umbrella policies.

2017 Rochester Insurance Awards

Wed, 04 Jul 2018 19:28:47 GMT

Exciting news...

Jake was presented with the prestigious 2017 Rochester Insurance Professional of the Year Award!

Deductible Management

Sun, 01 Jul 2018 19:22:09 GMT

Deductible Management...Saving you money.

Let's start with what a deductible is: a deductible is the amount of money you are responsible for when you have a covered loss. When you take on more responsibility by increasing your deductible to higher amounts, your premiums are lower. Insurance, at its core, is designed to protect catastrophic losses - the kind of loss that would financially ruin a family or business if there was no coverage. Carrying a very low deductible can create unnecessary expense.

Consider this example: The wind blows your screen door backwards and it costs $400 to repair the damages. If you carry a $100 deductible, your claim would net you a $300 loss settlement. If you are like most people, you wouldn't consider turning in such a small loss that would only pay you $300, so you are therefore paying for coverage that you would never use.

Using this example, if you increased your deductible to $500, your premium would decrease and you would create more value for your premium dollars. When we at the Spencerport Insurance Agency review your insurance, we focus on creating value, protecting what is important to you, and making you aware of ways to manage your risk so you can focus on living your life.

Personal Injury Protection

Sun, 08 Apr 2018 19:13:49 GMT

What is Personal Injury Protection?

Personal injury protection coverage, or commonly referred to as PIP coverage or New York No-Fault coverage is a very valuable coverage built into your auto insurance policy. PIP is the primary medical payor when their is an injury in or around a motor vehicle, regardless of who is at-fault for the accident, hence the name no-fault. New York mandates that your auto policy have a minimum of $25k for this coverage and they allow you to buy up to $150k in total benefits. The premium difference between the minimum coverage and the maximum coverage is surprisingly low, considering how much additional coverage you are getting. Let’s face it....one person’s Mercy flight could easily chew up $25k in expense, it makes a world of sense to buy the increased limits.

In addition to direct medical expenses, PIP will also pay for lost wages, mileage for injury care, and other indirect injury expenses related to an auto accident.

At Spencerport Insurance Agency we focus on value! Since this is a very inexpensive coverage to increase with a large payout, we highly recommend always purchasing the state max or $150k with no deductible.