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Twin Bridges Insurance Agency

1881 Western Avenue, Suite 210
Albany, NY 12203

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3 Tips for Buying Home Insurance in Albany, NY

Are you overwhelmed with the process of purchasing home insurance in Albany, NY? If so, you need to use the tips and information here. The fact is, buying insurance doesn’t have to be stressful, but you may need a bit of help to get started. One of the best things you can do is work with a reputable insurance company, such as Twin Bridges Insurance Agency. Some other helpful tips that will make this process a bit easier can be found here.

1. Bundle

One of the first things you should consider doing when buying home insurance is to bundle the policies you already have. For example, you likely have car insurance and life insurance – so why not bundle these policies altogether? The fact is, this is not only convenient, but it can also help you save a significant amount of money and who doesn’t like to save money?

2. Compare Quotes

The next step in purchasing home insurance is to compare quotes. While you may want to bundle with your existing insurance provider, this isn’t going to necessarily give you the best price. As a result, it may be smart to shop around all of your policies. Who knows, you may walk away saving several hundred dollars off of your premiums each year.

3. Work with a Reputable Agent

One of the absolute best things you can do when it comes to purchasing home insurance is to work with a reputable agent. They will be able to help you find the policy that best meets your needs.

If you are ready to purchase home insurance for your Albany, NY home, be sure to use the tips here. Working with NY Twin Bridges Insurance Agency serving the Albany area is beneficial as you try to find the right policy for your needs.

How Your Auto Insurance Will Change After a Divorce

A divorce is a difficult time. In addition to all of the emotional issues you may be facing, there will also be practical issues which must not be ignored. Many things about your life will change following  a divorce. Car insurance is one thing that will definitely change. At  NY Twin Bridges Insurance Agency in Albany, NY we can help you through this difficult time. 

Removing Your Ex

Following your divorce, you will want to make a point to remove your ex and their vehicle from your policy if you wish to keep the policy in your name. This should be done as soon as possible. When a car is being housed at a different residence, that information needs to be filed with the insurance company quickly. 

Changes to Expect

Once you have removed your ex from your policy, you will see some changes to your insurance. First, you may notice that you lose some discounts. Discounts such as multi-car and married discounts. Do not be too discouraged, because you might be able to get new discounts. If your spouse had a spotted driving record, then you might be able to get a better rate now because your driving record is good. Some insurance companies will also allow a newly divorced person to get a fresh start by removing any claims that had to do with the other driver or vehicle so that you can start over with a claim-free policy. 

Can You Afford Better Insurance Now?

Removing a car from your policy is going to lower your rate considerably. You may now be able to afford better coverage than in the past. take some time to discuss this with your insurance representative. You will want to have the maximum coverage you can possibly afford. 

Dealing with changes to your insurance policy is an important practical step you should deal with during your divorce. To learn more contact NY Twin Bridges Insurance Agency serving Albany, NY.

Can I Cash In My Life Insurance Policy?

If an emergency arises and you need money fast, borrowing against or cashing in your whole life insurance may be a good option. If you live in or near Albany, NY, the agents at NY Twin Bridges Insurance Agency can answer your questions. They can explain how borrowing against your whole life policy works.

Whole Life Insurance

The premiums paid into a whole life policy accrue interest over time. As long as the premiums are paid on time, you may be able to borrow against your policy if you have built up enough equity. As the cash value of your policy continues to grow, so does the equity. Once the total equity reaches a certain percentage, you can borrow some or all of the proceeds. If the loan has matured, you may have the option to cash it out and close the policy

Tax-Free Loan/Withdrawal

Depending on the type of policy you have and the amount you withdraw, some of the money you borrow may be tax-free. If the money is considered a loan against the policy, there is intent that you will pay it back and that it wasn’t simply withdrawn as income. 

The agents at NY Twin Bridges Insurance Agency are always on hand to answer your questions concerning life insurance and its many advantages. If you have questions, schedule an appointment with one of their reputable agents. If you don’t already have life insurance, they provide you with the information you need to make an informed choice. Whenever you’re ready, call their office and ask them what you need to get your life insurance policy started.

 

Does Commercial Insurance Cover Property Damage and Casualty

When it comes to choosing commercial insurance, it can be a difficult decision to determine what type of coverage you need and don’t need. The chances are high that you will need some form of property insurance, which will help to cover any event of damaged or lost property. However, it’s important to have casualty coverage as well. 

Commercial insurance is a must-have for all businesses, regardless of their size. It’s best to talk to a representative from NY Twin Bridges Insurance Agency in Albany, NY to discuss the amount of coverage that works best for your business. Usually, the policy will depend upon if you own the office building, leasing or working from home. The value of the premium will be based on the value of your business assets. 

Commercial insurance protects the value of your business by offering compensation for all potential medical costs. Those obligations may include if an individual gets injured at your business location or if there is property damage and injuries caused by one of your employees. 

Casualty coverage provides liability for your business for negligent acts or omissions. This is a wide range of protection that encompasses coverage against damage and other liability. Not only will the policy repair or offer restitution of the damaged property, but the medical bills of those individuals injured in the accident will be covered as well. Most commercial insurance policies will combine both property damage and casualty as one coverage option. Property damage covers losses to your businesses’ physical assets that result from events such as theft, fire, explosion, burst water pipes, weather storms, and vandalism. Most lenders and others with a financial stake in the business will require the owners to have both property damage and casualty as part of the commercial insurance policy. 

Home Buying Tips for First-Time Buyers

First-time homebuyers find it particularly hard to navigate through the process. While the steps of buying a home vary from person to person or from state to state, the below tips can help people that intend to buy a home in Albany, NY.

Be realistic
While you should be picky about the kind of home you want to own, keep in mind that you might not find a perfect home. List down the features that you wouldn’t compromise on and look for a house with such. 

Stick to a pre-determined budget
Before you begin looking for a suitable home, work out a budget and stick to it. Consider your monthly expenditure and factor in your expected monthly payments to establish whether it is affordable. Keep in mind that apart from your monthly repayments, you will be incurring maintenance costs. 

Explore your financing options
Establish the rates of monthly payments you will be most comfortable with and get quotes from multiple lenders. Also, consider the lenders’ responsiveness before settling down on one. Remember to ask the different financiers about the discounts you are eligible for. 

Hire a real estate agent
A buyer’s agent is best placed to advice you on the available listings that have the features you desire. Apart from hiring a person that you will get along with, consider their knowledge about the area as well as their reputation. 

Consider a home insurance plan
One of the mistakes that first-time homebuyers make is cutting down on the cost of their home insurance policy by going for a less expensive policy. In most cases, this implies less coverage and more expenses from your pocket should you file a claim. To avoid this, factor in your insurance policy as you set your budget. 
NY Twin Bridges Insurance Agency is available to discuss home insurance plan to Albany, NY first time homeowners. Contact us for a free estimate. 
 

Top 3 Reasons to Buy Car Insurance Now

Here at the NY Twin Bridges Insurance Agency serving the Albany, NY area, we want to make sure everyone is protected with auto insurance. We know how catastrophic an accident can be, and that is why we strive to provide first-class customer service to each client we serve. If you’re looking for reasons to buy auto insurance, look no further. We’ve outlined three of the best reasons to make this wise investment. 

Stay in Compliance With the Law

Driving without car insurance is against the law in most states. Driving without it can result in fines and the possibility of your driving privileges being suspended. There are some states that will take possession of your car. Purchasing insurance protects you against those who do not see the importance of auto insurance. If you get in an accident with a motorist that is uninsured, and you are not at fault, your insurance may pay to fix your damage. 

Reduce Stress and Enhance the Recovery Time With Superior Customer Service

If you are involved in an accident, having an agent’s expertise to help you through the post-accident process can save you an immense amount of time and inconvenience. If another driver is involved, your insurance agent will handle the communication with the other driver’s insurer. An agent will assist you in filing an insurance claim and can help ensure you get it settled quickly. In addition, if you have vehicle damage, an agent will help you find a repair shop.

Peace of Mind

Car insurance provides you with financial protection. Without it, you are responsible for paying for damages, car replacement and medical expenses all on your own. Car insurance allows you to move on with your life after an accident, knowing you will be financially okay. 

To learn more about the value of car insurance, contact the NY Twin Bridges Insurance Agency serving the Albany, NY area.

What Does Retirement Insurance Cover?

Unpredictable swings in the financial markets can put your retirement plans at risk, making retirement insurance a sensible precaution to protect your future. This type of coverage can preserve your income and quality of life while helping you fulfill your dreams. Below are some of the features of this coverage and what it means for your retirement.

Retirement insurance is typically offered as a supplement to other insurance policies and can protect your retirement income if there is turmoil in the financial markets. It will ensure that your retirement income remains stable, even if your other sources of retirement funds dwindle. You may need more than social security benefits to living the retirement of your dreams, and retirement insurance can help make that happen.

Social security is considered governmental retirement insurance, but this income alone may not be enough to ensure comfort in your later years. Having enough insurance, whether it be life, disability, medical or long-term care coverage, is something you need to ensure comfort. Look to insurance professionals and retirement coverage for assurance.

Associates at NY Twin Bridges Insurance Agency in Albany, NY can walk you through retirement insurance coverage, premium options, and details, helping you select the best policy. Given the importance of retirement income and what it means for you and your family, there is no reason to subject yourself to unnecessary risk.

For additional information on retirement insurance and techniques to mitigate financial risks, please contact Twin Bridges Insurance Agency in Albany, NY. Do not let volatility in the financial markets detract from your golden years. Get retirement insurance and sleep easier at night.

2018 Auto Insurance FAQs

Purchasing auto insurance has never been more simple and at NY Twin Bridges Insurance Agency we want our clients in and around Albany, NY to know all of their options to even further simplify the process and answer the common questions associated with auto insurance in 2018. 

  • Is Auto Insurance a New York State Requirement? Yes, drivers must carry a minimum level of insurance as set by state standards. Carrying only this minimum is to protect you and other drivers from financial distress after an accident. 
  • How Much Auto Insurance Should I Carry? Minimum liability is set at $25,000 for bodily injury to one person, $50,000 total for bodily injury to all people involved, and $10,000 for property damage one accident, in addition to the no-fault accident coverage of $50,000. It would be prudential to carry the voluntary higher limits for liability and personal injury protection, the minimum amount is just that, and additional protection may save the bank after an accident.
  • What is an Assigned Risk Plan? This is a New York Automobile Insurance Plan that makes sure that consumers who cannot find an insurance company who will accept them, for whatever reason, will still be able to be legally insured. 
  • Are There any Discounts for Insurance? Yes, you may be able to receive a discount on your insurance if you take an accident prevention course, or if your car has certain safety features such as automatic seat belts, ABS, anti-theft devices, or daytime running lights. If you have a great driving record, if you are in driver training, or if you are purchasing a policy for more than one car you may qualify. Discuss these options with an agent.

Contact us at NY Twin Bridges Insurance Agency today to purchase a policy, or upgrade and renew your establish policy. We proudly serve Albany, NY and the surrounding areas. 

Is a Person Ever Too Old to Get Life Insurance?

Here at NY Twin Bridges Insurance Agency, we understand from a personal standpoint just how important it is to invest in life insurance. We take much pride in being able to help a number of residents living in Albany, NY and we want to help you find a life insurance policy that can best meet your needs. For now, let’s look at whether or not a person is ever too old to buy life insurance. 

What is the perfect age to buy life insurance?

Here’s the truth … the best age to buy life insurance is when a baby is one day old. The younger and healthier a person is, the less expensive their life insurance premium amounts are going to be. And while many people don’t think about buying life insurance on a baby because the child does not provide any type of income, what they fail to realize is that buying a policy for the baby is an excellent way to provide financial protection for the future grandkids. Wouldn’t you have really appreciated it if your parents had purchased a policy for you when you were a baby and the rates were locked in? 

Is a person ever too old to get life insurance?

No, a person is never too old to get life insurance, but the longer you wait to purchase it, the more expensive the monthly premium rates are going to be. Ideally, you will want to purchase it when you are as young as possible. 

To learn more about buying life insurance in Albany, NY, please contact NY Twin Bridges Insurance Agency. 

Do I Need Commercial Insurance For My Start-Up?

If you have a start-up in Albany, NY, you may be channeling a lot of your time and effort into expanding it but forgetting to protect what you already have. Start-ups need commercial insurance just as much as established businesses. They may need even more protection because most start-ups do not have the funds to pay for risks such as fires, liability claims, vandalism, or theft. Contact an insurance agency such as NY Twin Bridges Insurance Agency to get your new quote for commercial insurance. They will help you find the insurance commercial insurance coverage options that are able to meet your needs.

Why Your Start-Up Needs Commercial Insurance

  • To Protect You From Liability Claims

If third parties are injured in your business property or their property is damaged, the may sue you. Your business may be required to compensate them for the costs of medical charges, and repair or replacement of their property. Liability insurance coverage compensates you for those fees and any legal charges that you may incur including lost wages, and pain and suffering compensation.

  • To Protect You From Loses Due To Business Interruption

If your business is unable to maintain its normal operations because of risks such as fires, protests, or floods, you may be unable to pay your taxes, employees, and rent. If you don’t have insurance, such factors could force you to sell your assets. Business interruption insurance compensates you for the net profits you would have made and helps you to make your payments.

  • To Protect Your Business Property

Business property insurance protects your business property such as computers, machinery, furniture, and merchandise from common risks. It may also cover other people’s items that are under the care of your business. In case of insured risks, it compensates you for the repair or replacement costs.

Contact NY Twin Bridges Insurance Agency on 518-608-5797 to get a new quote for your start-up in Albany, NY.