DeNooyer Direct Insurance Services, LLC

2038 Central Avenue
Albany, NY 12205

Insurance Blog

Situations that Call for Umbrella Insurance

Life in upstate moves a little slower than in New York City, but even in Albany, NY, you need insurance that protects your livelihood. DeNooyer Direct Insurance Services LLC wants you to understand how adding an umbrella policy to your home insurance coverage can help you protect your investment.

Three categories of people benefit the most from an umbrella policy:

  • High net worth individuals
  • Retired individuals who are community volunteers
  • Owners of high-risk recreational equipment

Those with a high net worth can become targets for unscrupulous behavior. They also often serve on the boards of non-profits or companies. They host fundraisers or other large-scale events at their homes. This opens them to liability beyond what their homeowners’ insurance covers. Any slip and fall accident at their hosted event can quickly exceed the HO-1 cap for liability since the individual may sue for both medical bills and lost wages. The injured party likely earns in the same tax bracket as the high net worth individual that quickly exceeds the cap.

Similarly, retired individuals often serve on boards and volunteer. The umbrella policy provides additional liability coverage to cover what the cap on the HO-1 policy does not. While an employed individual’s settlement to an injured party can garnish their wages to pay the amount not covered by the home policy cap, the retired individual must use their available funds – their retirement funds – to pay the difference.

Regardless of your age, you need umbrella insurance if you own a swimming pool, all-terrain vehicle, dune buggy, go-carts, motorcycle, jet ski, or boat. Any accident involving any of these items that cause injury to another person or their property can cause you to exceed the cap on the HO-1 liability coverage. That results in you dipping into savings, retirement funds, or having your pay garnished to pay the injury or property settlement.

Let DeNooyer Direct Insurance Services LLC, serving Albany, NY, help you better protect your finances. DeNooyer can offer you the umbrella insurance you need to protect yourself. Call us today to discuss your needs and get started.

What coverage does my home insurance provide

Owning a home in Albany, NY is the fulfillment of the American dream. Buying a home is the most significant investment most people will ever make, and protecting that investment is a top priority. Choosing the right home insurance can make all the difference when and if you ever need it. At DeNooyer Direct Insurance Services LLC, we make it our business to connect our clients with the best carrier to match their needs and their wallet. 

Home insurance offers a lot of protection for your home, and it can’t be stressed enough that you need to read your insurance policy so you understand precisely what it covers and for how much and what is excluded. 

Physical structure

The physical structure of your home is protected from covered hazards. This includes any attached structures such as a garage, a porch, or a deck. It also covers detached structures on your property, such as a garage, casita, or shed. 

Personal property

Everyone’s home is filled with personal possessions. These possessions are covered up to the designated limits on your policy. Creating a  home inventory will help to make sure you know what you have and what needs to be replaced. 

Liability

Your home insurance helps to protect you against legal action, which may be taken against you. Getting sued is traumatic, but if you know that your home insurance covers you for your legal expenses as well as a judgment against you, it provides peace of mind. 

Loss of use

If something happens to damage your home and you are not able to stay there, this coverage will help to pay for another place to wait until your home is ready to be occupied again. 

Home insurance is designed to protect you, and your home from some of the hazards life can throw at you. At DeNooyer Direct Insurance Services LLC in Albany, NY, we want to match you up with the right home policy for your needs. Give us a call for a no-obligation quote.

What Type of Carrier Discounts Are Available?

Career insurance is a must if your company owns a fleet of carrier vehicles that it uses daily. The agents at DeNooyer Direct Insurance LLC are available to assist Albany, NY business owners in finding the right type of insurance policies to meet their needs. When a fleet of carrier vehicles is involved, carrier discounts can be a lifesaver.

GPS Tracking

GPS tracking devices can be put in delivery and carrier vehicles to determine where they have been and if the driver is staying on the designated route. GPS tracking systems will also help you determine the best possible routes during deliveries.

Dash Cams

Dashcams are a great way to determine what happened during the travels of the carrier vehicle. A dashcam can provide proof of what exactly happened during an accident. It can also show how the driver handles the vehicle and whether or not they are being responsible behind the wheel.

Multi-vehicle Policies

The more vehicles you have in your carrier fleet, the better your discount will be. Hiring responsible drivers who take pride in their driving record is also a must. Multi-vehicle policies offer several carrier discounts that are designed to meet the needs of the company purchasing the policy.

DeNooyer Direct Insurance Services LLC serves companies located throughout the Albany, NY area. If you are in charge of purchasing insurance for a company with a fleet of carrier vehicles, then contacting their office is in your best interest. Don’t let your drivers take to the highways without the proper insurance coverage. Call today and discuss what your options are in terms of carrier discounts and make an informed decision that will help protect your business’ interests.

Common myths about recreational vehicle insurance

With so many insurance options in the market today, it is almost impossible to navigate through without hearing myths about various insurance policies. A famous victim of these misconceptions is Recreational Vehicle or RV insurance. Many people cannot differentiate between myths and facts about RV insurance.

If you are shopping for RV insurance in Albany, NY, our insurance team at DeNooyer Direct Insurance Services LLC can help you with valid information. We also take further steps to advise you on the best coverages based on your budget, so that you can make an informed decision.

 Myth 1: If you rent an RV from a company with RV insurance, you can benefit from it.

You need to understand this and also seek clarification from the company before making assumptions. You should also have your own form of insurance because you may be held liable for injuries or damages that occur while you are using the vehicle.

 Myth 2: RV insurance coverage is not necessary if you have auto insurance

This is the myth of the century. Don’t be fooled by the fact that RV insurance is not mandatory in most states. RVs are quite expensive to buy or rent. They, therefore, need more liability than average automobiles. Keep in mind that it is not just the RV that is being covered but also your personal belongings in the RV.

Myth 3: RV insurance covers all the possessions inside the RV

Just like home insurance, RV insurance does not cover all your belongings because there is a limit. That means that they are covered up to a certain amount. Let your company explain this in detail before allowing you to sign your insurance form, as there is a likelihood that you will require extra coverage.

When shopping for RV insurance in Albany, NY, you must have the right information beforehand. DeNooyer Direct Insurance Services LLC can help you find the answers to your questions. Contact us, and we will be glad to help you.

Should I Get Gap Insurance?

What is Gap Insurance?

Gap insurance is optional, but sometimes necessary many occasions for auto insurance. It includes car insurance coverage that assists in paying off an auto loan if the vehicle is stolen or totaled, and the amount still owed is more than the vehicle’s depreciated value. This type of insurance is also known as “loan/lease gap coverage”. Gap insurance is also meant to use along with the comprehensive or collision coverage.

Determining Whether if It’s Worth It for You

Now that you know what gap insurance is, you may think that gap insurance is needed. It will ensure I am covered with no unpleasant surprise whatsoever. However, there are times when someone shouldn’t get gap insurance. The following includes when you shouldn’t get gap insurance:

  • If your auto loan is under 60-months old.
  • If you put more than a 20 percent down payment
  • When the value of the car is less than you owe
  • If you can afford to pay out-of-pocket the difference if the vehicle is totaled

Most of these reasons are self-explanatory, whether you should get gap insurance. However, it wouldn’t make sense to purchase gap insurance when you can pay the difference out-of-pocket because you will pay extra to get gap insurance along with the comprehensive/collision coverage. Why pay for extra if you can manage to pay out-of-pocket only if the vehicle gets stolen or totaled. Also, in many cases, an auto loan that is lower than 60-months old will be for a vehicle that is not more than what it is worth even though the vehicle depreciates quickly in the first year or so. 

Conclusion 

There are various factors that you need to consider determining whether you should get gap insurance. And thus, it will behoove you to consult an insurance company where you will be in good hands.

DeNooyer Direct Insurance Services LLC is the proven insurance company to turn to. Located in Albany, NY, DeNooyer Direct Insurance Services LLC includes highly trained, experienced staff who are more than happy to assist you in the right direction. And we at DeNooyer Direct Insurance Services LLC have been serving the Albany NY area for several years now. So, contact us today for a quote.

Common Misconceptions about Umbrella Insurance

Many people are confused about umbrella insurance and what it has to offer. Umbrella insurance provides extra liability coverage to protect you against serious accidents you may cause. This coverage exceeds the limits of your auto, home or renter’s insurance policies. The following facts from DeNooyer Direct Insurance Services LLC in Albany, NY help dispel misconceptions about umbrella insurance so you can make wise decisions concerning this protection.

Misconception: Umbrella insurance protects your jewelry, artwork and other costly items.

Fact: Umbrella insurance offers liability coverage, not protection for personal property. Liability insurance pays for injuries or damage you cause others in accidents that are your fault. Umbrella insurance starts once the limits of your home, auto or renter’s liability coverage have been exhausted. 

Misconception: Umbrella insurance replaces home, auto or rental liability coverage.

Fact: Umbrella insurance works in conjunction with home, auto or rental liability coverage. In fact, you cannot obtain umbrella coverage unless you have other forms of liability coverage.

Misconception: Umbrella insurance is extremely expensive.

Fact: Umbrella coverage is actually quite affordable, taking into consideration the protection it has to offer. Policy costs vary depending on the amount of coverage you desire. If you own a lot of property or have substantial assets, you’d do well to purchase sufficient umbrella coverage to protect these assets against large liability claims that can lead to lawsuits. 

Misconception: Only wealthy people need umbrella coverage as they’re more likely to be sued for accidents.

Fact: Even "ordinary" people can be sued if they’re found negligent for an accident. A lawsuit can cost you your savings, retirement or investment funds, not to mention funds from future income to settle a liability claim. Umbrella insurance can protect your assets by covering settlement costs.

To learn more about umbrella insurance, contact DeNooyer Direct Insurance Services LLC in Albany, NY.

3 Energy Saving Tips From DeNooyer Direct

Utility costs can skyrocket during an Albany, NY winter. Saving energy is not only eco-friendly, but it also saves you money by lowering your utility costs and being friendly to your monthly budget. At DeNooyer Direct Insurance Services LLC, our agents can provide you with energy-saving tips you can use to lower your utility costs and still maintain a comfortable home. Aside from having your electric company perform an energy audit, there are many other things you can do to control how you use energy in your home. 

Install "Smart" Devices

"Smart" devices are often included in home security system packages and allow you to manage several devices at one time with a simple Wi-Fi connection. A smart thermostat can adjust the temperature of your home so that less energy is used while you are asleep or away. You can also set your indoor and outdoor lights to timers that will turn them on and off as needed. 

Weatherproof Your Windows

One of the biggest areas for energy loss is around your windows. Once a year, check your weatherstripping or see if the caulking around your windows is still in good shape. This will prevent drafts, keeping the warm air in your home in the winter and the cold air inside in the summer. 

Let the Light Shine In

Instead of turning on lights during the day, open your curtains and let the sunshine in. If you don’t want people to see inside your home, add a set of sheer curtains that will block the view but still let the light shine through.

Call or visit DeNooyer Direct Insurance Services LLC if you want to learn more about saving energy and keeping your energy costs low. Our agents are always available to help residents of Albany, NY get the answers they need.

3 Energy Saving Tips From DeNooyer Direct

Utility costs can skyrocket during an Albany, NY winter. Saving energy is not only eco-friendly, but it also saves you money by lowering your utility costs and being friendly to your monthly budget. At DeNooyer Direct Insurance Services LLC, our agents can provide you with energy-saving tips you can use to lower your utility costs and still maintain a comfortable home. Aside from having your electric company perform an energy audit, there are many other things you can do to control how you use energy in your home. 

Install "Smart" Devices

"Smart" devices are often included in home security system packages and allow you to manage several devices at one time with a simple Wi-Fi connection. A smart thermostat can adjust the temperature of your home so that less energy is used while you are asleep or away. You can also set your indoor and outdoor lights to timers that will turn them on and off as needed. 

Weatherproof Your Windows

One of the biggest areas for energy loss is around your windows. Once a year, check your weatherstripping or see if the caulking around your windows is still in good shape. This will prevent drafts, keeping the warm air in your home in the winter and the cold air inside in the summer. 

Let the Light Shine In

Instead of turning on lights during the day, open your curtains and let the sunshine in. If you don’t want people to see inside your home, add a set of sheer curtains that will block the view but still let the light shine through.

Call or visit DeNooyer Direct Insurance Services LLC if you want to learn more about saving energy and keeping your energy costs low. Our agents are always available to help residents of Albany, NY get the answers they need.

Benefits of getting carriers discount insurance in New York

The transportation and shipping industry is very important as it ensures that your needed products are able to get from the manufacturer to your home. Due to this, there are many different companies that provide some very valuable services in this industry. These companies include carriers, which are responsible for transporting goods. For those that are in this industry in the Albany, NY area, getting the proper insurance is very important as it can benefit you in many different ways. 

Provides Liability Protection

Those that get carriers insurance will first benefit from getting liability insurance protection. When you get this type of insurance, you will receive coverage if you are held liable for any type of accident. This could prove to be very valuable, especially if you are liable for any accident or loss that results in serious damages.

Asset Protection

Carriers also need to consider their assets, which are major investments and extremely important. The best way that you can protect these assets is through an insurance policy, which will give you coverage up to your policy limit. This will ensure that you get the coverage that you need if an asset is damaged, vandalized, or stolen, which could help to keep your business solvent in these situations. 

If you need to get a carriers discount insurance policy in the Albany, NY area, you should contact the team at DeNooyer Direct Insurance Services LLC. When you speak with our insurance professionals, you will learn a lot more about how this type of insurance can protect you and your assets. DeNooyer Direct Insurance Services LLC will then help you find a policy that properly protects your needs based on your personal situation. 

What is Recreational Insurance?

Recreational insurance is insurance for your recreational vehicles, including motor homes, motorcycles, boats, and ATVs. While it differs in some ways from car insurance, it is just as necessary. If you need recreational insurance, DeNooyer Direct Insurance Services LLC in Albany, NY can help. 

Recreational Use

One of the differences between standard insurance and recreational insurance is that recreational coverage is not for vehicles that you use every day. If an RV or motorcycle is your daily driver, you may need a different type of insurance. Recreational insurance can usually offer lower rates because you aren’t using the vehicle every day, similar to classic car insurance. 

Passenger Coverage

One of the advantages of recreational insurance is that it covers passengers. If someone is riding on your ATV, boat, or RV and become injured, any medical or other expenses will be covered by your insurance. This is something many people don’t consider when they are going out for a day of fun, but you need to make sure that anyone with you is adequately covered in the event of an accident.

Liability 

Of course, recreational policies cover liability. If you have an accident and do damage to someone’s property, this will be covered by your insurance policy. Accidents do happen, even when you’re on the water or in the woods. 

Full Coverage

Your recreational vehicle is an investment, and it’s essential to protect it as well. If you have a lien on it, then you may be required to carry full coverage insurance. Even if it’s not required, it’s wise to protect your investment.

Recreational insurance allows you to fully enjoy your recreational activities, knowing that if the worst happens, you and your investments are protected. If you need recreational insurance in Albany, NY, contact us at DeNooyer Direct Insurance Services LLC today.  

 

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