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!

An Introduction to Umbrella Insurance

You might not be familiar with secondary insurance, umbrella insurance. The term secondary or secondary insurance refers to a type of insurance policy added to an existing primary policy. You must have the primary policy to purchase the secondary type.

Umbrella insurance provides liability coverage over and above the liability provisions in your homeowner’s, renter’s, auto, boat, RV, or business insurance. If you own any of those primary insurance types, you can add an umbrella policy from Genesee Valley Agency.

Since you already have liability coverage, you probably wonder why you would want more of it. The liability coverage on those primary coverages only provides limited coverage. You can choose the coverage on an auto, boat, or RV policy, but your home coverage provides a percentage of your home’s value as to liability coverage. Typically, this is about ten to twenty percent. That means if your Arkport, NY home value is $100,000, your liability coverage is $10,000 to $20,000.

While that might sound like a lot, imagine that an accident occurs at your home. It injures three people. Perhaps a fire breaks out or pushes someone else into the swimming pool, striking a third person. The average hospital stay costs about $15,000. Your home insurance could not cover all three individuals. In fact, without an umbrella policy, you would end up paying for the other two people’s bills out of pocket.

Umbrella insurance costs little but provides vital coverage. Most individuals can easily afford a half-million- or million-dollar policy. Contact Genesee Valley Agency, serving the Arkport, NY area, to learn more about how you can protect your financial health with umbrella coverage.

Does Flood Insurance Pay For Damage To Personal Belongings?

Many people aren’t clear on what protection is offered by flood insurance. This government program is designed to reduce the risk of loss due to damages caused by flooding due to storms or other types of flooding in an area. This type of insurance can be required if the person lives in a high-risk area. The insurance protects your home, but you may be wondering if it also helps homeowners replace their personal belongings.

Flood Insurance

Flood insurance is a great idea to have, especially if you live near a coastal or low-lying area, but you may also want to get this coverage if you live near a dam or river. Even though they may not flood often, there is still a risk. Some homeowners lose everything when these rare events occur. The good news is that flood insurance usually helps pay to replace personal belongings such as clothing and furniture. Before purchasing a home, you should speak with an agent to determine what types of flooding risks are present in your area. Even if you already have insurance coverage in place, you may want to consider purchasing flood insurance too.

Reputable Insurance Agencies

Most reputable insurance agencies will also offer flood insurance coverage, such as Genesee Valley Agency, serving Arkport, NY. If you are interested in this type of insurance protection, you should work with an agent to determine your risks and any stipulations or time frame restrictions to be aware of before making a purchase. For example, it usually takes 30 days for the policy to take effect, which is important to know during peak season for storms and tropical activity. 

Protect the important things and help prevent loss associated with flooding-related events with flood insurance. If you live around the Arkport, NY area, call or stop by Genesee Valley Agency today to learn more and speak with an agent. 

Benefits of Whole Life policies

Is it time for your family to have life insurance? The folks at Genesee Valley Agency are here to answer your questions. Residents in the greater Arkport, NY community, can rely on our team for all of their insurance needs. All life insurance policies provide different features and benefits, so it is important to find the right policy for your family.

Key benefits of Whole Life policies

  • There is no expiration: Whole Life policies remain in force for as long as the premium is paid; there is no expiration of protection or coverage.
  • Unchanged premiums for the policy’s life: with a Whole Life policy, you know what your premium will be as it does not change over the life of the policy.
  • Cash value and dividends: one of the strongest features is the living benefit that a Whole Life policy will provide. In addition to the death benefit, the policyholder may also receive benefits during their lifetime.

There are many different Whole Life policies available to New York residents, and it’s important to find one that suits your family’s needs. Yes, it can be overwhelming to discuss life insurance, but it is a conversation that needs to happen. Protecting one’s family is a vital part of taking responsibility for the care of one’s loved ones. Working with a certified agent can help to streamline the process.

Your whole life specialists

We here at Genesee Valley Agency are proud to serve our friends and neighbors in the larger Arkport, NY area. Our team is dedicated to providing the information necessary for our clients to make informed decisions regarding insurance. To find out more about life insurance benefits, including Whole Life policies, click, call, or stop by today!

Do I need auto insurance in Arkport?

If you live in the Arkport, NY area, you will likely need to own a car. While some tasks can be completed by walking or public transportation, having a car will make your life a lot more convenient. If you choose to purchase a car in this area, you should also carefully consider your insurance needs. There are several reasons why someone needs to have auto insurance when purchasing a car in New York.

Required for Legal Compliance

One of the main reasons to get an auto insurance policy is because the law requires it. In the state of New York, you are always obligated to carry liability insurance. This is an important form of insurance to carry because it will ensure you have the ability to pay for damages if you cause an accident. Those that are caught driving without this insurance could face several forms of penalization.

Protects Vehicle

If you purchase a vehicle, it is also a valuable asset that you will want to protect as well as possible. One of the best ways that you can do this is by getting car insurance. If you get a full auto insurance policy with both collision and comprehensive coverage, you will have coverage for virtually any situation that could result in a loss. Most of the time, an auto lender will also require that you carry this coverage.

Ultimately, picking an auto insurance policy in Arkport, NY is a big decision. If you are in the market for a new policy, you should call the Genesee Valley Agency. At the Genesee Valley Agency, our team of professionals will evaluate your personal needs and help you find the right policy for your situation.

Five things you need to know before buying commercial insurance

Owning a business in Arkport, NY comes with its own fair share of risks. There are many uncertainties and unforeseen incidents that could lead to a substantial financial loss for your business. That is why Genesee Valley Agency recommends buying commercial insurance to cushion your business from various losses. So, how do you go about the buying process? Here are five tips to help you out.

1. Assess your risks

The first step into buying any form of insurance, you need to assess the level of risk. The same concept applies to your business insurance. For instance, if you entertain many customers, such as running a restaurant, you may need to think about liability insurance to protect you and the customers that come to your business location.

2. Find out the coverage options available for your business

Commercial insurance is quite extensive and comes with lots of options. You can enquire about the coverages that will work for your business.

3. Choose a reputable insurance provider

Choosing reliable insurance is mandatory. If you don’t buy insurance from the right company, you may end up buying little or more than you need. Reputable companies also help you choose the right coverages based on your industry and the risks involved.

4. Buy sufficient coverage based on your needs

Different businesses require different insurance coverage. Depending on the kind of business you run, you want to make sure that everything is covered, from equipment, employees to products and even clients.

5. Review the terms and conditions before signing

Before signing the contract, make sure you have read everything therein and are comfortable with the terms and conditions. Insurance companies have different terms and conditions, so don’t assume conditions will be the same with all the companies.

Smart business owners buy adequate business insurance. Be smart and let Genesee Valley Agency help you safeguard what matters to you most. Feel free to contact us today.

Home Insurance in Dansville: Risk VS Reward

With schools out until September and vacation plans hanging by a thread, now is the perfect time to make sure that your home insurance in Dansville, NY still covers your needs.

At-home hazards

More time spent in the house imposes heavier burdens on air conditioning, electrical and hydraulic systems. Appliances are in constant use (frequently by less experienced family members), while smartphones, tablets and laptops are charged constantly, often through risky socket extenders.

This is when homeowners call in the  Genesee Valley Agency to check out their home insurance in Rochester, NY, making sure that their coverage can handle these additional risks. A power surge may burn out a laptop needed for work and a non-functional AC system can be uncomfortable; but plumbing problems can be health hazards, while electrical issues may be life-threatening.

Bridging gaps

The experts at GVA are happy to audit family insurance plans, finding potentially dangerous gaps in coverage and suggesting the best solutions for home insurance in New York. Working with a portfolio of leading insurers, this independent agency finds the most competitive rates for each client.

With a major investment like a home, it’s important to make sure that you pick the best home insurance in Dansville, NY, keeping your family safe if the worst happens. Dwelling coverage includes your main house and attached areas like the garages or porches. Don’t forget other structures on your property, like pool-houses, sheds, fences or even driveways, which need separate insurance. This is vital for fast recovery after disaster strikes.

Getting personal

When planning your home insurance in Dansville, NY, make sure your personal property is covered. The professionals at the Genesee Valley Agency know how important belongings can be, when rebuilding your life after a major disaster such as a fire, flood or some other natural catastrophe. Many treasured keepsakes are irreplaceable, of course. But fast and easy replacements for clothing,  kitchen appliances, electronic devices and computers helps bring life back to normal more quickly.

If you need to live somewhere else temporarily because an emergency situation has left your home unfit for habitation, loss of use coverage assures your family of decent shelter until more permanent arrangements can be made. Liability coverage protects you if someone is injured on your property, or damage occurs to a rented home. Let your  GVA consultant help you decide on whether you need these protection options.

Let us guide you

With so many different insurance options, it’s hard to make a well-informed choice. So don’t leave your family’s safety and comfort to chance – instead, talk to a GVA professional at 833.781.5556 today!

Home Insurance In Arkport, NY, And The Surrounding Areas

Do You Have The Home Insurance You Need?

If you are a homeowner, chances are that you already have some sort of home insurance in Arkport, NY, and the surrounding areas. However, do you have the best coverage for your individual situation? At the Genesee Valley Agency, we work closely with our clients to evaluate and determine the best plans for each of our customers. Every home and every person is different, and they deserve a customized plan that can cater to their individual needs. When you work with our team, we identify those needs and find the coverage needed to match each and every one of them.

How Do We Do It?

At the Genesee Valley Agency, we work with many different insurance companies. This means that we are familiar with many different types of plans for home insurance in Arkport, NY, and the surrounding areas. Because of this, we can find the right fit for each individual customer. Not only can we customize plans for coverage, but we can also work closely with you to find ones that fit your budget as well! With all of this information at our fingertips, it’s no wonder that our customers are continually satisfied with the services we provide. Seeking out home insurance on your own can be a difficult task, but when you partner with the Genesee Valley Agency, we make it easy!

Call Us To Set Up An Appointment

If you want to talk to one of our insurance experts about your home insurance in Arkport, NY, and the surrounding areas, call us today! The Genesee Valley Agency is dedicated to helping our customers with all of their individual needs, so you will get a personalized experience every time you work with us. If you want to chat about signing up for the appropriate coverage, you can call us at 607-295-7431.

Is home insurance required in New York?

Whether you have purchased a house in upstate New York or have purchased a building in Manhattan, you are not required by the state of New York to obtain a home insurance policy, but your mortgage company, bank, or another lender will more than likely require it. Ultimately, it is better to have an insurance policy for your home in case of an emergency or disaster.

What Does Home Insurance Cover?

One part of a home insurance policy is dwelling coverage which will cover your house itself. This policy will pay to have your house replaced, at its current value, if it is destroyed by something, such as a fire or tornado. Once your deductible is met, your insurance policy will take over and cover the majority of costs.

Other Structures are Covered Too

Your home insurance policy can also cover other structures on your property. This would include buildings, such as your garage, shed, fences, and even gazebos and desks.

Protect the Contents

Your home insurance policy will cover the contents inside your home, including things like your appliances, furniture, and clothing. Other items, such as jewelry, certain musical instruments, and other extra items, can also be covered.

Living Expenses

If your home is damaged by a fire, tornado, or hail, your policy can cover your living expenses at a place you will have to stay at until your home is repaired or replaced temporarily. This comes in handy if you have to stay at a hotel or rent another house until your home is rebuilt and livable again.

Liability Insurance and Medical Payments Coverage

Liability insurance coverage will protect your assets and your home if someone is visiting you, is injured, and decides to file a lawsuit against you. It will also cover you if you accidentally damage someone else’s property too. If a visitor to your home is injured, a medical payment policy will cover a portion of their medical bills.

To create the best home insurance policy for you and your property, contact the home insurance agents at Genesee Valley Agency in Arkport, NY.