There has been growing attention on auto insurance reform in New York. The issue is a straightforward goal: ensuring that law-abiding drivers are not unfairly affected by fraud and abuse in the system.
Lawmakers are currently reviewing proposed reforms designed to tackle these challenges.
A brief explanation of each proposal is provided below:
•Cracking down on staged accidents and fraud: This proposal would strengthen insurance fraud laws and make it easier to prosecute fraud at lower dollar amounts. It is intended to deter organized fraud and protect honest drivers from the higher costs that fraud creates.
•Reducing unnecessary litigation: This proposal would limit opportunities for abusive lawsuits by changing how serious injury claims are evaluated, limiting certain non-economic damage awards, and tying recovery more closely to each party’s actual share of fault. These changes would help reduce costs driven by unnecessary, excessive litigation.
•Strengthening insurer anti-fraud efforts: This proposal would give insurers more time to report suspected fraud and would clarify their right to deny or defend against suspicious claims after certain deadlines. These changes would help insurers investigate fraud more effectively and prevent improper claim payments.
As the insurance industry continues to evolve, we are grateful for our partnership with many great carriers that work together to provide our customers with the genuine care, fairness, and the protection that they deserve. https://www.biginy.org/advocacy/legislative-advocacy/grassroots-action-center/
Category: Umbrella Insurance
Umbrella Insurance Offers Additional Protections for Special Circumstances
Umbrella insurance is coverage in addition to the liability limits provided by your regular insurance policy. Most policies include certain limits on their liability coverage. If you have significant financial assets that may be at risk for a lawsuit, you may wish to add umbrella coverage to ensure they are protected. At Kimberly J Brennan Agency, serving Patterson,NY, we help our New York clients acquire the additional umbrella coverage they need.
Do You Need Umbrella Insurance?
Individuals whose income exceeds $250,000 annually may wish to acquire umbrella insurance to increase their liability coverage in case of lawsuits. This insurance can help cover settlements for damages in case someone is injured on your property. Many people purchase umbrella coverage for a special event they host, such as a home wedding or family reunion.
How Umbrella Insurance Protects You
Your umbrella insurance policy kicks in after the liability coverage of your standard home insurance is exceeded. It can cover such issues as bodily injury to someone on your property, damage to the property of others, legal costs to defend yourself from these lawsuits, and lawsuits regarding libel, slander, defamation, or invasion of privacy. Umbrella coverage will also protect you from such incidents when you are outside the United States.
Choose Kimberly J. Brennan Agency for Your Insurance Needs
You may be unsure whether you need umbrella insurance to protect you against expensive liability claims. We can help with detailed information that allows you to make a good decision for your unique needs. We offer many types of insurance coverage for home, auto, renters, flood, recreational vehicles, life, and business. Contact Kimberly J Brennan Agency, serving Patterson, NY, when you need umbrella coverage for special situations.
How Umbrella Insurance Adds to Your Liability Coverage
Umbrella insurance is a great way to get some of the extra coverage you need to go with policies that you already have. It works on two other policies to give you more of the liability coverage that’s so needed in today’s world. With a litigious society and accidents common, it’s always best to be well-protected with liability coverage. To get started with an umbrella policy of your own in New York, call us now at Kimberly J Brennan Agency in Patterson, NY.
Home and Auto Policies and Liability
Your home and auto policies each have several kinds of coverage. One of these is a layer of liability coverage. This protects you in case of an accident. It pays for the damage done to someone else and/or their property. Having this in both policies is essential, but home and auto insurance often don’t have enough of this coverage. This leads many people to get umbrella insurance. It gives you more liability coverage for both of those other policies at once. This leaves you much better protected against the high cost of serious accidents.
Using Umbrella Insurance in New York
When an accident happens, you have your home or auto insurance to help pay for the damages. Once the policy reaches its maximum payout, it can’t pay anymore, and you’re stuck with all the bills that are left. When you have umbrella insurance, it comes in and pays those extra bills. Having this type of policy is vital to keep you owing what could be an enormous amount in medical or other bills after an accident.
Get Umbrella Insurance in Patterson
To protect yourself against your liability, get umbrella insurance. It’s a cost-effective way to increase your insurance coverage. You can call us in New York at Kimberly J Brennan Agency in Patterson, NY.
Umbrella Insurance Coverage for Your Home and Land
Protect Your Home and Land with Umbrella Insurance
Have you contemplated the probability of being sued due to an incident taking place on your property? If not, it might be time to shop for an umbrella insurance policy to satisfy your financial protection needs.
Coverage for Pet-Related Injuries
Dogs, livestock, or other pets may exhibit discomfort around unfamiliar faces, potentially leading to harm. If you have pets that could bite or scratch a visitor, it would be prudent to seek additional insurance coverage. An umbrella insurance policy can cover medical expenses and legal fees if your pet injures someone.
Slip and Fall Mishaps
A moist pool deck or deteriorating stairs could trigger a slip-and-fall accident at your property. Identifying potential hazard-prone areas in your home can help gauge the risk of injuries. If your home frequently hosts gatherings, adding umbrella insurance coverage to your existing homeowners’ policy might be beneficial.
Damage to Personal Property
Damage may occur to someone else’s property in your yard or home. An umbrella insurance policy caters to the necessary repair expenses and frees you from the anxiety around raising funds to address damage costs.
For a personalized assessment of your risk level and an appropriate umbrella insurance product recommendation, contact an agent from our New York team at Kimberly J Brennan Agency serving Patterson, NY. We’re here to ensure maximum protection for your home and land.
