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Twin Bridges Insurance Agency

1881 Western Avenue, Suite 210
Albany, NY 12203

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Five Things Nobody Tells you About Homeowners Insurance

There are a few lesser-known coverage options and hazards that policyholders may or may not realize. Our team at NY Twin Bridges Insurance Agency in Albany, NY, offers these five things to be aware of regarding homeowner’s insurance.

1. Home Policies Have Exclusions and Special Limits

Every policy has certain exclusions, like earthquakes and floods. Some may have limitations on watercraft, mobile homes, jewelry, and other items. Supplemental policy add-ons can cover some of these.

2. Most Insurance Policies Don’t Cover Water Damage

Some insurance policies cover water damage that originates inside the home due to storm-created openings. However, water due to flooding or broken water mains isn’t and may require investing in separate flood insurance.

3. Your Coverage Amount Isn’t the Same as the Cost of Your Home

Your coverage may not equal what you paid or its market value, which is a common misconception. Should your house need to be rebuilt entirely, you may need extra coverage for materials, labor, and debris removal.

4. Inform Your Insurance Company About Updates and Changes to the Home

Remember to update changes with your agent if you’ve put on a new roof, renovated rooms, or installed an alarm system. Depending on your work, you may need extra coverage or a rate reduction.

5. Choosing the Cheapest Policy Isn’t Always the Best Option

Even frugal shoppers have discovered that sometimes you get exactly what you pay for. When comparing insurance quotes, keep in mind that cost is not always the best indicator of the right coverage for you.

Get Answers to Your Home Insurance Questions

Here at NY Twin Bridges Insurance Agency in Albany, NY, we are happy to clarify your policy and address any questions or concerns you have about your policy. Our agents can ensure you have the right coverage for your needs.

Home insurance in 2024: FAQs

If you become a homeowner in 2024, you will also probably consider getting home insurance. While you may know the basics of this insurance type, there might be certain questions you want to ask. In this blog post, you will find the answers to the most common questions about homeowners insurance in 2024: 

Is it really necessary to carry homeowners insurance?

The simple answer is yes. Why is it so important? Home insurance is the most efficient protection against different risks that most homeowners have to deal with. For example, if a hurricane damages your home or someone gets injured while visiting your house, home insurance will cover it. Also, most mortgage lenders require homebuyers to have home insurance. 

What does a typical home insurance policy cover?

Every home insurance policy is individualized and matches the needs of a policyholder. However, the typical homeowner’s insurance policy covers the structure of a home, personal belongings, other structures on the property, and additional living expenses if a home becomes unlivable. 

Does home insurance cover a home business?

Usually, it is not covered. Therefore, if you run a business from home, you will most likely have to purchase a separate business insurance policy. 

Are you a resident of New York and live in Albany, NY, or a nearby area? Are you thinking of getting a home insurance plan? Go ahead and reach out to NY Twin Bridges Insurance Agency. We are an experienced team of professionals specializing in all types of insurance, including homeowners insurance. We work with clients in Albany, NY, and other nearby areas, and our mission is to help you get the perfect insurance plan. 

The Impact of Weather and Climate on Albany, New York Home Insurance

Here in the Albany, NY area, we experience a diverse range of weather conditions depending on the season. We are used to hot and humid summers offset by frigid, snowy winters. Of course, the last few winter seasons have been much more trying than most. Climate change has hit us hard in this part of the country, significantly affecting both home insurance coverage and its overall costs. Since weather-related risks to property have sky-rocketed, we at NY Twin Bridges Insurance Agency feel that it is necessary to take the time to explain how these unprecedented changes may affect your policy terms and premiums in the future.

Weather and Climate Issues

Of course, our main cause for concern in Albany, NY are the harsher winters and their effects on your ability to sustain your home and property. Ice storms, dangerous amounts of snowfall, and extremely bitter cold temperatures can increase the chance of property damage, including downed trees, frozen pipes, and ice dams on your roof. As a matter of fact, insurers must pay close attention to the age and condition of your home’s roof. Missing shingles and leaks can lead to many weather-related issues in other areas of your home. Because of these considerations, local premiums are higher here than in regions with milder winters.

In addition, due to the new challenges introduced to the area due to climate change, there have been additional risks to homeowners that have not been traditionally covered in our area. That means that some insurers have limited coverage related to specific weather-related issues, while others have required a purchase of an additional rider or endorsement to cover such risks adequately.

Contact NY Twin Bridges Insurance Agency in Albany, NY

At NY Twin Bridges Insurance Agency, we understand that you want to relax knowing that your home and family are protected in the event of a weather emergency. That is why we encourage you to stop by if you have any questions about your coverage or whether or not additional coverage is needed. Please stop by anytime or give us a call. We would be happy to help!

Home Damaged in Disaster! Now What?

What would you do if something damaged your home? Maybe it was fire, a flood, hail damage, vandalism, or a host of other disasters. Once you’ve taken some comfort that you and your family are safe, it’s time to collect on that insurance so you can make the necessary repairs or replacements and return to living. Here’s how you do it. 

File That Claim

First, if a crime has been committed, you call the police and make a report. If it was just Mother Nature in a snit, skip it and contact your insurance company as soon as possible to file your claim. You may be asked to document the damage with photographs. During the ensuing investigation, cooperate with your insurers. You can make repairs, but hold on to those receipts! If your house has become so uninhabitable you have to leave, keep receipts for all food and lodging. You could be reimbursed. You might think about hiring a public adjuster. They will review, evaluate your property, and get you a fair deal with the insurance company. 

NY Twin Bridges Insurance Agency, Now Serving Albany, NY

If you insure your Albany, NY, home with NY Twin Bridges Insurance Agency, you may not need the services of a public adjuster. We at Twin Bridges are committed to treating our clients respectfully, courteously, and fairly. We pride ourselves on exemplary, personalized service and focusing on the client’s best needs. Contact one of our agents today! 

Does Your Home-Based Business Need Commercial Insurance?

If you have a home-based business, it doesn’t always have the same requirements as other companies would. However, you may still have specific rules to follow, including ensuring your business. If you’re in the Albany, NY area, NY Twin Bridges Insurance Agency can help you find the right commercial insurance for your company and understand what policy requirements would best suit your needs. Working with a trusted agent can give you peace of mind and ensure you follow the rules for your new business.

A home-based business is handled solely online and has no employees. Besides, you probably don’t need any additional insurance because you don’t have others working for you or customers coming to your home. If there are employees, though, or you have customers that will be in your home, it’s much more essential to ensure you have a policy that’s protecting you and them simultaneously.

Not only does that help you worry less, but it’s also a great way to adequately protect your business and personal assets. You want to be able to grow your business, help your customers, and enjoy the fruits of your labor. Finding out whether you should have a commercial policy is easy when you work with the right people.

At NY Twin Bridges Insurance Agency, we want to help home-based and other businesses in the Albany, NY area focus on operating their businesses instead of worrying about insurance and further details. When you work with our agents, you get the security you need to protect yourself and the information you need to make the right decisions about your policy needs. Reach out to us today, and let’s talk about protecting your business now and in the future.

Why You Need Home Insurance

When you own a home, you have many ways to protect it and keep it in good condition. One way is always to have home insurance to cover it. These policies have many different kinds of coverage within them. Each of these protects you in its own way. It’s generally required to have home insurance if you have a lender. Some neighborhoods require you to have it. Most HOAs require it. Even if it isn’t a requirement for you, having this insurance is necessary. Call us at NY Twin Bridges Insurance Agency in Albany, NY to get started. 

You Need Home Protection

Owning a home means paying for that home’s repairs when it’s damaged unless you have home insurance to cover it. Home insurance covers many different kinds of damage that happen for various reasons. This could be a disaster, a calamity, an accident, etc. When a covered event happens to your house and causes damage or destruction, the policy can pay to get it back in good condition. Home damage can be costly, so it’s always good to have this coverage. 

Item Protection Is Important

The items inside your home are also in need of coverage, and home insurance does this. It covers everything in the house so that they can be replaced if a damaging, covered event destroys them. 

Your Liability Can Be Expensive

Home insurance also covers your liability against accidents. Someone injured in your home can have expensive medical bills, and you’d have to pay them. With home insurance, those bills get paid. 

Get Home Insurance 

Getting home insurance is a must. If you don’t have it, call us at NY Twin Bridges Insurance Agency in Albany, NY to learn more. 

The Most Common Homeowners Insurance Claims

Home insurance is a simple and efficient way to ensure you can restore your family’s life and home after an unexpected event disrupts your family’s daily routine. The team of insurance professionals at NY Twin Bridges Insurance Agency is ready to help you select the insurance policy that meets your needs as a homeowner in Albany, NY.

The Most Common Homeowners Insurance Claims

According to an Insurance Information Institute (III) study, in 2020, 6% of insured homes submitted a claim for insurance reimbursement. Nearly 98% of those claims against a homeowner’s policy dealt with were for property damage. This is how the most common homeowners insurance claims break down.

Wind &Hail – 45.5% of Claims Submitted

The largest category includes damage caused by –

  • Hurricanes
  • Tornadoes, and
  • Wind associated with thunderstorms.

Fire & Lightning – 23.8% of Claims Submitted

These homeowners insurance claims tend to be the costliest type of claim compared to other insurance claims.

Water Damage & Freezing – 19.9% of Claims Submitted

This type of damage happens when pipes freeze and burst or one of the home’s appliances begins to leak. This does not include flood insurance coverage – which is a separate policy.

All Remaining Property Damage – 7.9% of Claims Submitted

The remaining category covers all other forms of property damage, which may include –

  • A tree that falls through your roof.
  • A baseball that shatters your window, etc.

Bodily Injury/Property Damage to Other Individuals – 2% of Claims Submitted

While occurring at less frequency, liability claims typically are more expensive when they happen.  

Do you have questions regarding a homeowners insurance policy for a home or condominium in the greater Albany, NY area? Contact our licensed insurance professionals at NY Twin Bridges Insurance Agency at 518-608-5797.

Top Three Security Risks In Your Home

Home insurance is designed to support you following a home-related issue such as damage or burglary. However, the first line of defense is always to do everything in your power to prevent these events from happening in the first place. At NY Twin Bridges Insurance Agency, serving Albany, NY, we want to help you keep your home safe in every way possible. Keep reading to learn about the top three security risks to your home. 

No Security System 

Having a security system is the number one way to deter burglars. A security system not only deters burglars, but if your home is invaded, a security system minimizes the time it takes for law enforcement to arrive. These critical moments could mean the difference between a tragedy and a would-be tragedy. 

No Door Camera 

Door cameras are becoming more and more easily accessible with modern technology. Even if you do not have a complete security system in your home, a door camera can significantly increase the safety and security of your family. These devices allow you to have better control over your property, and most door cameras allow you access to video right from your phone. This means that even while you are away from home, you can always know what is happening. 

Poor Outdoor Lighting

This is a simple step you can take to increase the safety and security of your property. Outdoor lighting can be used to deter burglars and make your property a safer place. Burglars look for properties that can be accessed with the least amount of attention. Things like outdoor lighting, dogs, and security systems all help to send a message to would-be burglars that this house is difficult to access without bringing attention. 

If you want to learn more about home insurance, please get in touch with us at NY Twin Bridges Insurance Agency, serving Albany, NY, and the surrounding areas. 

When should you get home insurance in Albany?

Being a property owner has been a good housing option and long-term investment for people in the Albany, NY area for a long time. If you purchase a home here, it will be vital that you properly secure and insure it. One type of coverage all property owners need to have is home insurance. You should obtain this coverage for various reasons. 

Protect Against Unexpected Events

One of the reasons to have a home insurance plan is to get protection against unexpected events. Your home is a significant asset you will want to ensure is covered and prepared for any situation. When you have insurance, you can make repairs if it is damaged due to a fire, bad storm, vandalism, or various other situations. As it can help protect the loan collateral, any mortgage lender will require you to carry this insurance. 

Reduce Liability Risks

Property owners will also want this coverage as it can help to reduce their liability risks. If you are a property owner, there is always a chance you can be held liable for accidents that occur at your home. However, this risk can be offset if you get the right insurance. A home insurance plan will include a provision for liability coverage, which will provide financial support in these cases. 

When purchasing home insurance in the Albany, NY area, it would be wise to call someone you can trust. The team with the NY Twin Bridges Insurance Agency is a great option. When you call NY Twin Bridges Insurance Agency, you can learn much about the various insurance options available. We will give you the support you need to build a proper plan. 

How to Keep Your Walkway and Driveway Free of Ice

Here at NY Twin Bridges Insurance Agency, providing homeowners in the greater Albany, NY region with insurance, we have seen many homeowners have to file claims with their home insurance policies because family or friends slipped and fell on icy surfaces on their property and became injured. Learning how to keep your walkway and driveway free of ice is one of the best ways you can minimize the chances of this happening to you. Here are a few tips that can help you with that problem. 

Use Salt or Sand

Placing salt or sand on ice helps to melt the ice while also providing traction to anyone walking over the area before the ice melts. Salt and sand are two of the most common products that are used around homes to help keep walkways, driveways, and other surfaces free of ice. 

Always Shovel Your Concrete Surfaces

Another way that you can decrease the chances of slippery ice forming on your walkway or driveway is to take the time to shovel away snow. As snow thaws, it turns to water. That water can refreeze and turn to ice. Removing the snow helps to prevent this from happening. 

Try Heating Mats

Lastly, heat mats are available to reduce ice from forming on walkways and driveways. They can be pricey, but they are worth it, especially if you have trouble preventing ice from forming on your property. 

While there are steps you can take to minimize the chances of someone slipping and falling on your property, you cannot prevent this from happening altogether. This is one of the areas that home insurance can help with. At NY Twin Bridges Insurance Agency, serving the greater Albany, NY area, we can work with you to ensure your home insurance policy meets all of your needs and covers you against the unexpected. Call us now to get started.