Why You Need Motorcycle Coverage

Do you own a motorcycle but are trying to get by without coverage? We at Genesee Valley Agency know how big of a mistake that is for Arkport, NY bikers. Below, you’ll find out why you need this type of coverage and the ways that it can help you if you get into any serious crash.

Why Motorcycle Insurance is Wise

If you ride a bike regularly, you know that it can be a somewhat frightening situation. That’s part of the excitement: you never know when you might crash. However, that excitement is also a serious issue if you do get into a crash and may affect your bottom line. Here are three ways your motorcycle insurance policy can help you:

  • Pay for Medical Bills – If you get into a solo accident on your bike, you’re going to experience quite a bit of pain and suffering. Thankfully, your insurance (if you put on the proper rider) will pay for many of these bills and minimize your financial struggle, keeping you safe.
  • Minimize Legal Problems – Are you afraid of crashing into another person and causing a serious legal situation? That fear is understandable because it can be very expensive to pay for these costs. Thankfully, your liability protection will keep you from experiencing too many issues.

Pay to Repair Your Bike – Repairing or replacing your bike after an accident can be a costly process. Thankfully, your insurance policy will pay to repair your bike or get you a new one if your old one is too damaged to trust.

Give Us a Chance to Protect You

As you can see, motorcycle insurance can help to protect you from many problems. So if you’re interested in these policies and want to keep your bike safe, please contact us at Genesee Valley Agency to learn more. We proudly serve the Arkport, NY, area.

When to Consider Umbrella Insurance

Making decisions about your insurance coverage is a challenge in maintaining the balance between protecting yourself from the fallout of an accident and making the most out of your hard-earned money. Genesee Valley Agency recommends regularly evaluating your insurance needs, but you should take extra time considering umbrella insurance coverage in the following situations.

When You Have Hazards on Your Property

Anything on your property that could potentially cause harm is a liability risk. Swimming pools are one of the most common hazards, and the typical homeowners’ policy will be overwhelmed if someone were to have an accident related to it where you were deemed liable. Umbrella insurance comes into play after your homeowners’ insurance to greatly expand your coverage limit in such a scenario.

When Your Kids Learn to Drive

Automobiles carry enough risk that they require their own insurance, and teenagers have their own unique set of risks. Mixing them together is a recipe for thousands in damages even from a small accident in a small town like Arkport NY. If they cause a major accident, umbrella coverage will provide additional funds to cover the damage.

When You Have a Dog

Even a small or friendly dog can bite, and a warning sign on your property does not absolve you of liability if they attack. An animal trained to protect can cause serious injury or death if they accidentally register an allowed person as a threat.

When You’re Worried About Your Coverage

We at Genesee Valley Agency in Arkport, NY know that the world is a volatile place, and any peace of mind can make life more enjoyable. Contact us if you’d like to learn more about umbrella insurance, how it can protect you, and your available provider options.

Is Flood Insurance Mandatory in New York?

When it comes to floods, there are many unknowns. This natural disaster could or could not destroy your property. But instead of rolling the dice and hope you will be safe, it’s better to secure yourself with flood insurance from Genesee Valley Agency of Arkport, NY.

But is flood insurance mandatory? Why do I need flood insurance? If you are having such questions about flood insurance, keep reading for insights.

Is flood insurance mandatory?

If you live in a high-rise house in New York, you can safely do without flood insurance. However, for most New Yorkers, flood insurance is necessary, if not required. 

For starters, if you live in a flood-risk area and a federal-regulated lender finances your home, you must buy flood insurance. But even if this is not the case, you still need flood insurance to protect your home and loved ones. 

Why do I need flood insurance?

The sad bit about flood insurance is that it’s not covered by home insurance. Most homeowners are usually disappointed when they learn that they will incur out-of-pocket repairs when floods strike, even though they have a home insurance policy.

Given this reality, it’s imperative to purchase flood insurance from private insurers or National Flood Insurance Program (NFIP). This coverage protects your building and its contents when floods strike. 

Additionally, flood damage can be expensive. According to FEMA, a one-inch rise in water levels can cost above $25,000 in repairs! Fortunately, you can avoid these costs by purchasing flood insurance.

Buy flood insurance today!

Given that anyone is at risk of floods, it’s a good idea to purchase coverage from Genesee Valley Agency. This way, you don’t have to shudder every time the weatherman mentions a looming windstorm. You will sit nicely in your cozy Arkport, NY home, knowing that your insurer will cover flood damage.

Do I Need Life Insurance?

Those with anyone with a family or dependent can benefit from purchasing a life insurance policy. Most people buy life insurance policies to help ensure their family is taken care of in the event of their passing. Many policies pay out money to help pay for funeral and burial costs, mortgage payments, college tuition, and daily expenses. Purchasing life insurance in Arkport, NY helps ensure loved ones can continue living the life they are used to living. 

If you have questions about if you need life insurance, call the agents at Genesee Valley Agency. 

Determine Your Family’s Need for Life Insurance

Life insurance ensures your family can continue to live the life they are accustomed to in the event of your death. Are you still wondering if you need life insurance? Ask yourself the following questions, and if you answer yes to any question, you need life insurance. 

  • Do others depend on you financially? 
  • Does your spouse depend on your income? 
  • Are you a caregiver for an elderly relative who relies on your income? 
  • Do you own a business? Or have a business partner? 
  • Do you want to expand your savings or estate options? 

Types of Life Insurance Policies

There are two basic life insurance policies — term life insurance and whole life insurance. Each policy provides a death benefit payout in the event of the policyholder’s passing; however, they do differ in many ways. 

Term life insurance only pays out benefits if the policyholder passes during the term of the policy. So, for example, if you purchase a ten-year policy, the policy would expire at the end of the term, and no death benefits are paid out if the policyholder is still alive. 

Whole life insurance pays out a death benefit no matter when the policyholder passes. Essentially, this policy lasts the policyholder’s entire life. Additionally, you can borrow money against your whole life insurance policy because it does carry a cash value, where a term life insurance policy does not. 

Those in Arkport, NY, still wondering if they need life insurance should call the experts at Genesee Valley Agency to discuss policy options and benefits. 

What does auto insurance cover?

Auto insurance offers a variety of different types of coverage. It is designed to protect others from you and at the same time give you the opportunity to protect your vehicle from a variety of risks. You have choices and making the correct one will make sure you have the protection that is right for you personally and your vehicle. At Genesee Valley Agency in Arkport, NY we believe the way our customers are treated represents our business. We believe our employees are our greatest asset. 

Some of the coverage auto insurance offers is mandated. Every state has their requirements. In New York the requirements are PIP (Personal injury protection), liability and uninsured motorists. If your vehicle is leased or has a car loan, you will need to have collision and comprehensive. 

PIP

No-fault- Personal injury protection is insurance that covers medical injuries, lost wages and other reasonable expenses from an accident caused by your vehicle. 

Liability

Protects other people and their property from injury you may inflict with your own vehicle or while driving someone else’s vehicle with their permission. 

Uninsured motorist

This protects you, your family and anyone else who might be in your vehicle when you are in a hit-and-run accident or in an accident with someone who does not have insurance. 

Collision

This coverage protects your vehicle in the event you are the driver who causes an accident. It will pay for repairs and replacement in the event your vehicle is totaled minus a deductible. 

Comprehensive

Comprehensive coverage also covers your vehicle. It protects you from events beyond your control like theft, vandalism, hail, wind, and large animals like deer that run into the road in front of your vehicle. Glass coverage is usually included. 

Contact Genesee Valley Agency in Arkport, NY for all your auto insurance needs. 

Commercial Insurance in New York: Why You Must Have It

When you have a business in New York, you have a lot of worries on your mind. Every day that you open your doors, you worry about any potential risk to your business, and you should. This is your income and service to others that you are responsible for.

At Genesee Valley Agency, we want every Arkport, NY business owner and operator to be protected financially from every liability and financial risk. You need New York commercial insurance to protect you from all the things you worry about when you open the doors every morning.

General Liability

Slip and falls in a place of business are a multi-billion dollar insurance problem in the United States. Every day there are Americans in emergency rooms having injuries treated that happened when they went out to run errands for the day.

If you own commercial vehicles, liability insurance is required. However, you are not required to have it by law in New York. Even so, it is critical insurance to have to protect you from slip and falls, or people that want to claim them.

Property Insurance

Property insurance for a commercial business is insurance that covers the building of the business, and the contents of the business. Property insurance will protect you from events such as weather, theft, or fire. There are policies for that name perils specifically, or all perils commercial insurance.

New York flood insurance is typically a separate insurance policy when you want your commercial property protected against the common act of floods.

Business Interruption Insurance

The uncertainty of the business world in America has never felt this high. Business interruption insurance can cover you when events interrupt your course of business and lead to loss of revenue. That could include events such as terrorist attacks, crime, pandemics, hacking, or any event that was not caused by you or God that resulted in business interruption.

Get a Quote

At Genesee Valley Agency, we want all Arkport, NY business owners to be covered for every commercial risk. In addition to these kinds of coverages, we can help you find professional liability insurance, commercial auto insurance, cybersecurity insurance, umbrella insurance in New York, and more. Call us for a quote today.

Tips for preparing your home for an emergency

Emergencies happen no matter where you live. Even a great place like Arkport, NY is not free from the threat of emergencies.  Being prepared helps make even the worst emergency more palatable. As a homeowner, there are some simple tips and strategies you can employ to make sure that no matter what the emergency, you and your family will be okay. At Genesee Valley Agency in Arkport, NY we believe the way our customers are treated is a reflection of our entire agency, and we make sure to treat them all as valued friends. 

Secure important papers

There are many types of emergencies. Making sure your important papers are all secured means no matter what happens when the emergency is over you will have the things you need like your insurance policies, passports, birth certificates, driver’s licenses, etc.  

Water

Many types of emergencies result in loss of services. That means you may not have running water. Fill your bathtub with water and as many jugs as you can. Having three or four days’ worth of drinking water is imperative. 

Batteries

Having a large supply of batteries to keep things running helps keep you from sitting in the dark. You need battery-operated lighting and a battery-operated radio. 

Portable charger

Having a portable charger can keep your electronics operational. Things like a Halo can provide power for phones, tablets etc. 

A generator and fuel

If you can afford it, a generator that is attached to your home and will automatically turn on when the power turns off is a good option. If not, a portable generator and fuel mean you can run heat, A/C, and your refrigerator or freezer. 

Emergencies are never fun but being able to get through them is important. If you have home insurance needs, call Genesee Valley Agency in Arkport, NY. 

What Vehicles in New York Can be Covered by Recreational Insurance

Life is more fun when you have a recreational vehicle, but if you are using one, you want to do it right. The safest way to enjoy recreational vehicles is with recreational insurance. There are a number of types of vehicles this insurance will cover. 

At Genesee Valley Agency serving Arkport, NY, we want you to enjoy your recreational vehicles and feel safe as you do so. Learn more about the types of vehicles that we can help you to insure.

What is a Recreational Vehicle?

There are a number of different vehicles identified as recreational vehicles by insurance companies. Boats, RVs such as motorhomes and campers, watercrafts such as a jet-ski or seadoo, and ATVs are the most commonly insured vehicles. Jet-skis and seadoos are commonly covered under home insurance, but if you use them a lot or use them commercially, you will need a different kind of insurance.

ATVs that are used as off-road vehicles on your own property and nowhere else are not required to be insured or even plated. If you plan on using them as a vehicle for transportation, you will need to have insurance. For these vehicles it is always best to have liability insurance on them anyway. They are known to present safety risks and you want to be covered for any unintentional property loss or bodily injury.

Motorhome Insurance

Motorhome insurance is the most common kind of recreational vehicle insurance. Motorhomes come in a unique set of classes, depending on their size, and whether they have an engine. 

When you have a motorhome, you will start with the same protection that you would have for car insurance, such as liabilities. 

Get a Quote for Recreational Insurance

When you have a recreational vehicle, you want to enjoy it, and not worry about it. At Genesee Valley Agency, we want Arkport, NY to feel protected when they are using their recreational vehicle. Call us today for a quote.

Do I need renters insurance?

You will want to make sure that they receive appropriate coverage before moving into a new home. This need includes both property owners and renters. If you are going to rent a home here, there are a few reasons that you will need to have insurance.

Renters Coverage is Best Way to Protect Yourself

A reason that you should get renters insurance is that it is the best way that you can protect yourself. Those who move into a new rental home will bring personal items with them and take on some different liability risks. To ensure you are able to repair or replace your items and are protected against this risk, you need to get a full renters insurance policy.

Coverage is a Lease Requirement Set By Landlord

You will also want to get a renters insurance policy to stay in good standing with your landlord. A property owner knows that a renters insurance policy will give important protection and coverage to their tenants. As this can indirectly benefit a landlord, they often require that you have a full policy in place when your lease term starts. If you do not have this coverage and it is required, it could nullify your lease.

Getting renters insurance in Arkport, NY will always be a good investment. If you are going to get this insurance coverage here, you will want to speak with the team at Genesee Valley Agency – we also serve all of the Genesee Valley, Upstate & Western NY. Choosing a renters policy takes a lot of experience and analysis. The team with Genesee Valley Agency will explain your options and ensure you choose a policy that will provide you with the best type and level of coverage.

Why many New York motorcycle owners prefer comprehensive insurance

Obtaining motorcycle insurance can be a confusing prospect. Motorcycle owners must now carry liability insurance and have proof of insurance while operating their vehicles. The team at Genesee Valley Agency is here to advise bike owners in the Arkport, NY area on the mandatory requirements and comprehensive policies. While many owners choose a basic policy that meets minimum standards, others are opting for comprehensive policies.

Enjoy the peace of mind that comes with knowing that you are protected

Holding a basic policy may protect you from damages from a minor mishap, but it may not be sufficient if you are involved in something more serious. Liability and damage are often the two most significant areas of coverage when it comes to motorcycle insurance.

Motorcycle owners should sit down with their local insurance agent to determine the right policy for their needs. A knowledgeable agent can help by providing information on the different types of policies available and help you to determine which level of protection is appropriate.

Comprehensive coverage can provide insurance at a sufficient level to avoid personal liability and take care of expenses that can arise following a covered event. There’s no reason to be underinsured with the variety of coverage levels available to New York motorcyclists. 

We’ve got you covered!

Genesee Valley Agency is here to answer any questions you may have about motorcycle policy options in the Arkport, NY area. Our region is filled with beautiful places to ride, and it makes sense to have the proper protection in place for heading out to explore. Call or stop by today to meet with one of our knowledgeable agents!