It takes little effort to recognize the pain of inflation when we stop to pump gas or check out at the grocery store. The increased cost of living has become widespread and continues to rise, from transportation and food to healthcare and housing. The cost of building materials in particular has been increasing significantly and […]
Garrett Explains | Episode 14 Are you driving, or do you plan to drive for Uber or Lyft? There are distinct levels of coverage based on three different periods when providing ridesharing services. In Episode 14, Garrett explains the exposures you may face and helps you understand how to correct them. Contact our insurance […]
Garrett Explains | Episode 12 Is your insurable replacement cost higher than the market value for which your home or property was appraised? Whether it’s for a home or commercial building, we run into this question all the time! Garrett explains why in Episode 12! Contact our insurance specialists at 845-986-1177 to learn more. We […]
Chubb Personal Insurance recently sent out a document that compared the replacement cost and the market value of a home and the importance of maintaining insurance to VALUE. The document sets the scene by stating in March 2011, a homeowner was smoking a cigar, dropping the ashes into their garage garbage can, and later that night, […]
Even with home values sliding, your home is still one of the most valuable assets that you own. There are many ways and reasons to value your home to include market/resale value, property taxation, new construction, or for mortgage purposes. But for insurance purposes the reconstruction value is the most important. The many factors that influence the value of […]