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Twin Bridges Insurance Agency

1881 Western Avenue, Suite 210
Albany, NY 12203

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My Roof Was Damaged by a Tornado. Is It Covered by My Home Insurance?

The agents of NY Twin Bridges Insurance Agency serve residents in Albany, NY and many of the surrounding communities. They understand the stress and frustration tornadoes and other types of storms can cause when they result in damage to a person’s home or property. The agents work with people every day who have experienced various types of weather-related events.

Tornado Damage

In most cases, tornado damage is covered by your homeowners’ insurance policy. While hurricanes and floods require a special type of rider, tornadoes do not. If your home is damaged during a storm, your homeowners’ policy is written to pay for the cost of the repairs to your roof and any other area of your home that has been affected.

Filing a Claim

Once the storm is over, you will need to immediately call your agent. An inspector will be sent to your home to determine the extent of the damages. It’s important that you take as many pictures as possible and document as much of the damage as you can so that everything is reported. The next step is to talk to your agent and file your claim. As soon as the claim has been approved, you will be able to start making the repairs to your home.

If you live in Albany, NY contact the agents of NY Twin Bridges Insurance Agency to discuss your homeowners’ insurance policy. They can look over your old policy and recommend changes that may work better for you. Schedule an appointment today to make sure you have the coverage you need. Don’t wait until it’s too late!

Is homeowners insurance required by law?

Albany, NY is a great environment for living, working, and raising your family. Your homeowners policy gives you the needed security and protection you need so you know that if anything happens your family will be able to move on without starting all over again.

But is home insurance required by law? There is no law in New York which requires anyone who owns a home to purchase an insurance policy. However, you may still be required to have a policy, and there may even be limits and deductibles you are required to meet.

Just as a landlord may require tenants to have renters insurance to protect their personal possessions, your mortgage holder will probably require you to hold a homeowners policy. The bank or lender which holds the mortgage also has an interest in the property, meaning that if the house burns down before you finish paying off your mortgage, the lender suffers a loss too.

At NY Twin Bridges Insurance Agency, we work with our clients to find the policy that best suits their individual needs. Besides the structure itself, you will want to protect your possessions inside the home. 

Basic coverage will protect fixtures like your big appliances and flooring, but you can also get coverage for personal items like movies, clothing and bedding. While not necessarily covered by a standard policy, you can add protection for other items not covered, like valuable jewelry.

You want to protect your home in Albany, NY even if you have paid off your mortgage. If you are like most people, your home is your biggest investment.

If you want to make sure you have the protection you need, we at  Twin Bridges Insurance Agency are happy to help. Call today with any questions or a free quote.

What Albany, NY Homeowners Should Know About Crawl Space Encapsulation

Many homeowners in or around the Albany, NY area have discovered problems that originated in the crawl space area of their home. This area houses the pipes, insulation, and wiring needed for your home, and damage to this area can be costly and time-consuming. What many homeowners are finding, however, is the benefit of crawl space encapsulation and how it is assisting home insurance policies from NY Twin Bridges Insurance Agency. 

Preventing Mold & Mildew

With the crawl space encapsulation, the area is covered in thick plastic, preventing moisture from getting into the covered areas. When moisture builds in an area over time, mold and mildew will continue to grow and can work its way into the home. This will cause structural damage to the home as well as health issues for the occupants. 

Improve Air Quality

By creating a vapor barrier beneath your home with the crawl space encapsulation, the air quality that comes from this area and into the home ventilation is not carrying mold and dirt particles. The air is much cleaner and essentially filtered before coming into the home. 

Decreased Energy Bill & Save Money

Because the crawl space is essentially sealed and not allowing exposure for damages, your energy bill will decrease. Because there are no drafts and the area is sealed, the heat and cool air will be preserved in the home, minimizing the need for the HVAC system. Because you have incorporated this energy saving maintenance on your home, you may be eligible for tax incentives for your home. 

The agents at NY Twin Bridges Insurance Agency proudly serve the insurance needs to residents in or around Albany, NY. Give our agency a call today for a home insurance quote that fits your needs.

 

 

Should You Include Additional Coverage for Antiques and Collectibles?

Do you own a great deal of collectible and antique items? Then you should see to it that the value is protected by getting these possessions insured. Find out exactly what you can do in your unique situation by contacting NY Twin Bridges Insurance Agency, which serves the Albany, NY area.

Are Your Belongings All Covered in Home Insurance?

It is important to look into what is covered by your home insurance policy. In many instances, antiques and other rare items you own just won’t be included in the policy. In fact, there is a coverage category that specifically is for collectibles.

Why You May Need Collectibles Insurance

There are several emergency situations that can lead to damage of your precious collectibles or antiques. For instance, your wine collection may become damaged during a heat wave. Also, you may have pipes break in your basement where you are storing a baseball card collection, and they may develop mildew if not discovered right away, or if you are not able to dry them properly.

Each of these scenarios can be quite devastating for an avid collector. Even though your possessions likely have a sentimental value to you as well, you can at least recover what they are worth if you have the appropriate insurance coverage.

Avoid Problems By Talking to an Insurance Agent

It is ideal to discuss what you have in your house with a reputable home insurance agent, like the professionals at NY Twin Bridges Insurance Agency of Albany, NY. You’re sure to have greater peace of mind when you have a good policy in place. The threat of a fire, flood, other types of natural disaster, or various other emergencies should not leave you stressed. Reach out to the experts today.

Renovating Your Home in 2019? Update Your Insurance

If your home has suffered wear and tear over the years or you need more space to accommodate your growing family, you may want to renovate your Albany, NY abode. Home renovations provide a practical means for upgrading and restoring a home. If home renovations are in your immediate future, talk to us at NY Twin Bridges Insurance Agency to see how these renovations will affect your home insurance coverage and cost.

Increase in Home Value   

Major home improvements like a new roof, new bathroom and kitchen remodel will increase the value of your property, especially if you use costly materials to get that “designer look.” You’ll need to update your insurance to cover the new value of your home.

Ideally, you should have enough dwelling coverage to replace your home if it’s lost in a fire or natural disaster. Once renovations are done, your NY Twins Bridges Insurance agent can help you determine how much dwelling insurance you need to fully protect your home.

Protection for New Renovations

You’ll also need to update your policy to add home renovations to your coverage as they weren’t a part of your policy when you first got it.

Discount on Insurance Cost

Home upgrades that improve the safety and security of your home may qualify you for a discount on your home insurance premium. These include upgrades to your electrical, HVAC and plumbing system which can help reduce the risk of fire and water damage. A new alarm system or home automation system will enhance the security of your property which may result in paying less for your coverage. By updating your insurance policy you can take advantage of these savings.

To learn more about home insurance options, coverage and costs, contact NY Twin Bridges Insurance Agency in Albany, NY.

Why is Home Insurance a Necessity

Owning a home is a great long-term financial option. For those that are in the Albany, NY area, owning a home also comes with a lot of important decisions that need to be made. One important choice that you will have to make is whether or not you should get a home insurance policy. There are several reasons why having a home insurance policy is a necessity. 

Give You Property Coverage

Since your home is a very valuable asset, you need to make sure that it is properly covered by insurance. One of the best ways to do this is by having home property coverage. When you have home insurance, you will receive coverage for a variety of losses including storm damage, fire, vandalism, and even theft. This can give you peace of mind that you are covered during a tough situation.

Liability Protection

You will also receive the liability coverage that you need. If you own a property, you will be taking on responsibility whenever someone enters your home. If they are hurt while on your land, you could be deemed liable. Since this could then lead to a big lawsuit, you will want to have coverage in place to protect you. When you have a home insurance policy, you will also get a liability insurance coverage that will give you the support and protection that you need. 

If you own a home in the Albany, NY area, the NY Twin Bridges Insurance Agency could be a big help. When you contact the NY Twin Bridges Insurance Agency, the team will be able to explain to you all of the reasons why you should have home insurance and the protections that it provides. This will then help you to choose the right policy for your situation. 

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.

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. 
 

Taking Stock of Valuables in Our Home: Important Considerations

Many residents of Albany, NY and the Capital District welcome the arrival of spring. The annual spring cleaning ritual is more than a time to decide if you want to keep grandma’s hat. For many of us, it is also an opportunity to document family treasures that have monetary as well as sentimental value.

The agents at NY Twin Bridges Insurance Agency encourage you to take stock of your valuables. Here are some important steps to follow:

  • 1. Create a Video of Your Valuables. Record them on the video and describe them as well. You can use the video functions on your smartphone or laptop.
  • 2. Take Pictures. Photographs allow you to show details from your valuables, such as intricate jewelry patterns. Take pictures in the area of the home where the items generally reside. 
  • 3. Keep an Inventory of Valuables You Wish to Insure. You can create a handwritten list or simple spreadsheet. Capture as much information as you can, including serial numbers or other unique identifiers. Scan a copy of this list or save a digital file offsite. This information should accompany any video or photographic images you have taken. 
  • 4. Consider Professional Appraisals for Exceptionally Rare and Valuable Items. Appraisals cost money, but they may provide important information that explains why an item has great value. Check the policy limits available on your plan and consider an optional rider if necessary.
  • 5. Keep Backup Copies of Documentation Offsite. Place content on a thumb drive or other digital media and store copies offsite, such as in your safe deposit box and another backup location. Be sure that you have more than one physical or electronic copy in case the original is destroyed or no longer functioning. 

Contact NY Twin Bridges Insurance Agency in Albany, NY if you need to modify your homeowner’s policy.

Buying Your First House? Why You Need Home Insurance

Why is your mortgage lender requiring you purchase home insurance? While a policy from Twin Bridges Insurance Agency in Albany, NY does provide some protection to your bank, it serves far better to protect the largest purchase you have ever made. What does it really do? Let’s find out.

Rebuild After Disaster Strikes

First off, should the absolute worst thing happen and your house is destroyed by fire, a freak storm, or some other catastrophic accident, you won’t have to give up on the dream of owning your home. Your home insurance policy will help you rebuild the house from the bottom up.  Even if only the roof was demolished, it will pay to have a new roof put on. You can continue to enjoy your home.

Replace Property Lost Due to Theft, Fire, or Damage

It isn’t just about rebuilding. If your home is broken into or vandalized, the personal possessions portion of the policy will replace your lost valuables. If you lost the entire home, all the little things can be replaced like your wardrobe, dishes, linens, and other everyday items that make up a home.  If you had to start from scratch without insurance, consider just how much it would cost to recover.

Protect Your Growing Wealth

As the years go by you might add collections of fine art or make some shrewd trades on the exchange.  Without insurance, you could lose all of it in the blink of an eye.  With the right policy from Twin Bridges Insurance Agency in Albany, NY major accidents and incidents in your life can become little more than inconveniences when your insurance policy protects your savings accounts and investments.

In the end, when you sit down with your agent to discuss your home and commercial insurance needs, you are taking the steps to protect your future happiness and success.