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Twin Bridges Insurance Agency

1881 Western Avenue, Suite 210
Albany, NY 12203

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Is a Life Insurance Policy Really Necessary?

For residents in the Albany, NY area, looking into life insurance may seem like a far-away situation that doesn’t need to be addressed. The team at NY Twin Bridges Insurance Agency can assure you that it’s really not so far-fetched to plan ahead for the day you are gone. It may seem morbid or too sensitive, but try to put the emotions aside and think about the reality your family and loved ones will face when you are gone. 

Life insurance can provide financial security for anyone in your family. From funeral expenses to mortgages to college tuition and many other expenses… this is what you can provide for your family by investing in a life insurance policy now. It may be difficult to think about, but you won’t regret having a safety net should something happen to you unexpectedly. 

When shopping for life insurance, make sure you get quotes from multiple providers in order to really know the best price and what you’re getting. If you’re going to invest, do so wisely.

It’s also important to know how much financial support your family would need at the time of your death and to cover expenses thereafter. Crunch your numbers, talk to your family members, and do your research before selecting an amount. 

Many scoff at the thought of life insurance, saying it’s unnecessary. There’s nothing wrong with investing in your family’s welfare after you are gone. Taking care of families is one of the best parts of life in Albany, NY, and you’re doing the right thing by looking into it. 

If you want to work with a company you trust, contact the team at NY Twin Bridges Insurance Agency today. We’ll figure out your best options and you’ll never look back. 

Equipment Breakdown Commercial Insurance Coverage: How It Can Help

Whether it is a computer, HVAC system, or something else entirely, your business relies on a variety of equipment to operate smoothly and efficiently. This equipment isn’t invincible, though, as it can malfunction, break down, suffer damage, etc. The good news is that NY Twin Bridges Insurance Agency offers equipment breakdown coverage for Albany, NY businesses. This coverage can come in handy when an unexpected disruption from equipment occurs.

What Is Covered by Equipment Breakdown Insurance?

While your equipment may not be there when you need it all the time, equipment breakdown coverage can be. Here are a few things this type of insurance policy can do for you.

Pay to Repair/Replace Equipment

A breakdown can literally happen at any given time, and there is never a good time to have damaged items repaired/replaced since things can be pretty expensive. Luckily, this type of insurance policy can cover certain types of equipment like telephone systems, HVAC systems, electronics, and refrigeration equipment.

Cover Lost Revenue

When your equipment breaks down and causes you to close its doors until your equipment is back up and running, you will lose money. Luckily, equipment breakdown coverage will cover that revenue that you’re losing. In the event you run a restaurant or something similar, this coverage will pay to replace inventory lost as a result of an equipment breakdown.

Gap Protection

While you may have a commercial property insurance policy, some equipment damage won’t be included in that policy. That’s why additional coverage is necessary. For instance, your commercial property policy is likely to cover your equipment if it’s damaged by a storm or fire, but if it simply breaks down or fails completely, it won’t be considered a covered event. Therefore, equipment breakdown coverage offers “gap” protection and kicks in in many cases when your other policies don’t.

If you’re worried about what you would do if some of your equipment broke down or suffered significant damage, you may want to reach out to NY Twin Bridges Insurance Agency to discuss equipment breakdown coverage. We can discuss how this coverage may benefit your Albany, NY business.