From the monthly archives: December 2010

We are pleased to present below all posts archived in 'December 2010'. If you still can't find what you are looking for, try using the search box.

12/21/2010 11:57 PM

Changes to Auto Insuarance Laws in NY State

Effective November 27th 2010, the New York Dept of Insurance has raised the threshold for chargeability from $1,000 to $2,000. 

Basically, what this means is that if you are involved in an accident that is your fault, the insurance company cannot surcharge you for the loss unless the accident is over $2,000 in damages.  It has been many years since the last increase.  The unfortunate thing about this is that with the way cars are made these days, it is very difficult to keep an accident under the $2,000 threshold.  Even a minor accident can result in damages well above that amount.  It's not much, but it is something to keep your rates lower.  Please note that this only applies to accidents that occur after 11/27/10.

If you have any questions, please call us at 888-997-9801 or check out our website at

12/13/2010 12:06 AM

The Finer Points of Homeowner Insurance

In my last blog, i discussed some of the coverages that the average consumer misses on Auto Insurance.  In this article, I'd like to review some of the very important Homeowner Coverages. As I mentioned, buying insurance is a complicated contract.  It is written by a team of attorneys to protect the rights of the insurance company, not you!  If you are trying to save 15% in 15 minutes, you are probably going to pay more in the long run.  Here is a few items for your Homeowner policy to consider: Off Premises Theft:  This covers your goods when they are not in the home.  For example, golf clubs or holiday gifts being stolen out of the trunk of your car.  20% of all theft claims originate in other than the victims home Liability Limits Too Low:  Most homeowner policies I see have a $300,000 liability limit.  The cost to increase it to $500,000 is only $8-15 per year.  Also, make sure your Liability covers you for Personal Injury Missing Jewelry ...

Read More

12/7/2010 3:11 AM

The Finer Points of Auto Insurance

My basic premise, the basic premise of the Brooks-Waterburn Agency, and the Independent Insurance Agents in general,  is that insurance is a complicated contract.  The policies are written by a team of attorneys and are written to favor the insurance company, not you!  The writers of these policies have vast knowledge of insurance, law, and claims.  They are in the business and do it everyday.  You may make a buying decision about insurance once every few years.  Who do you think has the advantage? Take Auto Insurance for example.  There are a host of coverages that you probably never heard of and worse, if you were involved in an accident and didn't have these coverages you could be financially devastated.  You think a Green Geco is on your side?  My point is obvious.  You need an advocate in your corner. A professional insurance person that can address these issues and look out for what's best for you, not the insurance company.  We are much more than ...

Read More