What are the New York State Requirements for Car Insurance?


If you would like to receive a review and proposal for your auto insurance give us a call at (518) 456-6688 or click this link to contact us via email:

=====

New York State requires that all registered cars have an in force car insurance policy.

The main New York State requirements include

1) At-fault liability limit of $25,000 per person, $50,000 per accident.

2) $50,000 in personal injury protection coverage.

3) Underinsured/Uninsured Motorist coverage of $25,000 per person, $50,000 per accident.

These are not the only requirements and represent the minimum coverage allowed on a New York State car insurance policy as of April 2014.

For more information visit our website:

What is the difference between flood insurance and water-backup coverage?


If you have a question or would like receive a proposal from The Murray Group call (518) 456-6688 or visit:

Hello and welcome to another episode of the Murray Group Mailbag. My name is Ryan Hanley. I’m the director of marketing and sales here at the Murray Group. And the Murray Group Group Mail Bag is very simple feature. Basically, we get questions submitted to us all day through our website, through our Facebook page and through email about insurance related matters and we know that if one person has a question for sure many more people do as well and we wanna make that information easily available and completely free, so we post these videos on youtube and on our web site to make sure that if you have a question, it gets answered.

Today’s question comes from Stephanie [sp?], who likes in Glenmont, NY, and she asks, What is the difference between flood insurance and water back up coverage. OK. Very common question, especially in the fall and in the spring in our particular area which is the general Albany area, but really anywhere in upstate New York during the fall and spring.

Flooding happens, water accumulates in places that it normally doesn’t And can impact our homes,. So flood insurance is actually a policy run through the federal government and in order for a flood policy to respond. There has to be two properties impacted, or more than two acres impacted, and the national government, the Federal government actually has to declare the area, you know a flood in order for the flood policy to respond.

So you could have flood insurance have water damage based on something that you would consider a flood, and if the federal government doesn’t deem that it meets the criteria of a flood, that policy will not not respond. But when thinking about what a flood is, and how flood impacts your home. Think water, over your foundation down into your house.

not the best way, not a completely accurate way to describe it but kind of gives you a visualization, flood has to impact a large area like I said more then two acres or more then two properties and it has to, you know, normally comes over the foundation and down into the house. Water back up coverage is actually an endorsement to your home owner’s policy.

So where flood insurance is a completely separate policy from your homeowners insurance. Flood is not covered, repeat, not covered on your homeowners policy. Water back up is actually an endorsement to your homeowner’s insurance policy. Very inexpensive. You know, you can get water backup coverage for no 30, 40 bucks at it’s lowest level, and then obviously you can add more with most carriers, but water backup coverage provides reimbursement in the event that water backs up through sewers, pipes drains, sump pump.

So, sump pump failure is part of water backup coverage. So really when you think about a claim that would involve water backup, think about water coming back up into your home. So you leave for vacation, your sump pump fails while you’re away, and there’s two inches of water in your basement when you come home.

The clean up, any damage property down there, that’s all going to be covered under water back up. Now, water back up coverage, as an endorsement, often has a reduced limit so it’s not like if you have $100,000 worth of contents coverage, on your water backup or on your homeowner’s policy if you have the water backup endorsement, you’re going to get a $100,000 worth of reimbursement.

You wanna make sure that you know and are comfortable with the limit of water backup coverage. But these are two very separate things. Water backup endorsement to the homeowner’s policy, flood insurance completely separate policy but you wanna make sure that if you feel like you could be impacted by a flood or water-related issues that you’re speaking to your insurance agent about this very important and your insurance agent will help you determine which policy and which endorsements are right for you.

So again, this has been the Murray Group Mailbag you have your own question that you would like to be featured here, you can leave it in the comments below this video, or you can search us out on Facebook The Murray Group search that in Facebook, and you’ll find us. Or you can send us a direct email insurance@MurrayGRP.com, that’s insurance @murraygrp.com, and we’ll make sure that we get your question featured on a future episode of the Murray Group Mailbag.

Thank you.

Does homeowners insurance cover dog bites?


If you have a question or would like receive a proposal from The Murray Group call (518) 456-6688 or visit:

Hello, and welcome to another episode of Murray Group Mailbag. My name is Ryan Hanley, I’m the director of marketing and sales here at the Murray Group Insurance Services and our Murray Group Mailbag feature, very simple, customer, client, community member questions that are sent to us. We answer them in video, post them on YouTube and on our blog, so that anyone who has these questions can access to the answers for free anytime they want.

So today’s question actually comes from Kevin, and Kevin is from Gilliand, Kevin asks, “Does homeowners insurance cover dog bites?” So, a very straightforward question that has a pretty straightforward answer. The answer is, if you have a homeowners insurance policy, that does not specifically exclude dog related incidence, then You most likely will have coverage in the event that your dog comes out of the house and bites the mailman or a neighbor, what have you.

Now, One thing to be careful with here. If you have a breed of dog that is on the excluded list. And I know, many people take umbrage to the fact that their dog may, or may not be on this excluded dogs list for a particular company. But there’re certain companies do not like certain breeds of dogs and it is their prerogative to do that.

if you do not notify your company that you have a dog that is on that excluded list when you purchase the policy, the company Most likely we’ll still pay the claim. Does have the right to consider by the fact that you did not disclose that information to them. And they They could make a case to not cover the claim additionally if you have a dog on that list they most likely will pay the claim but then potentially will non-renew you, when your homeowner’s insurance policy is up for renewal.

So, it’s important to disclose the breed of dog that you have, to your homeowner’s insurance agent. Just because you have a dog that’s on one company’s excluded dogs list does not mean that there aren’t other companies that would be willing to take your homeowner’s insurance policy. So a good reason to work with an independent insurance agent.

So, Kevin I hope that answers your question. If you have a question you would like answered on the Murray Group Mailbag simply leave it in the comments below. Whether you’re watching this on Youtube or on our website just leave your questions in the comments below and I capture all those questions and use them for future episodes.

so it’s of the Murray Group Mailbag. If you’d like to connect with us on YouTube, you can always subscribe right here, just lets click this button that you see in the video, and you can connect with us on YouTube and be notified of future episodes of the Murray Group mailbag. Thank you and have an absolutely a great day.

Does home insurance cover roof leaks?


If you have a question or would like receive a proposal from The Murray Group call (518) 456-6688 or visit:

Hello and welcome to another episode of the Murray Group Mailbag. My name is Ryan Hanley. I am the director of marketing and sales here at at the Murray Group Insurance Services and our Murray Group Mailbag feature is just very simply people ask us questions every Every day, our clients, prospects, people just from the community ask us questions every day about insurance and insurance-related products and we felt that it would is best if we answer those questions in video, posted them on Youtube and our website, and made the answers accessible to everyone for free.

So, if you have a question, you can always submit your question below this, whether it’s YouTube or on our website in the comments. I collect all those questions and use them for future episodes. Just leave your name and your town and I’ll mention them right here. So today’s question comes from Samantha, and Samantha is from Bern [sp?] which is not too far from standing and Samantha’s question is, Does home insurance cover roof leaks?

So, Does home insurance roof leaks? Again, very straightforward question. But something that’s on everybody’s mind, especially this time of year – I’m filming this in kind of late fall – and what’s happening is water is starting to freeze. So we just had one of our first freezes a few days ago and when water freezes, it expands and it starts to create water that may have gotten under shingles during the summertime, dampness starts to move, shift shingles, things crack and all of a sudden we start to get water dripping into our homes and that’s not pleasant.

Well, roof leaks are very dependent on what form of policy you have. So, if you have a special form policy, which may not necessarily mean anything to you, but just remember the term special and ask your homeowners’ insurance agent about whether you have a special form policy or not. special foreign policy then just about anything that could create a roof leak that isn’t done intentionally is going to be covered.

on your homeowners insurance policy. If you have a broad form policy, which is actually a step down, and just remember the term broad, then there are some scenarios where you can have roof leaks, where the roof won’t be covered. Now in every case if water gets into your home and damages the interior your interior is going to be covered, as long as you have a broad or special.

If you have a basic form policy, which is the farthest step down then you may not have coverage for that either. So very important that you talk to your homeowner’s insurance agent about which coverage form you have special being the best, then abroad is a step down, then basic is the minimum, at least in NY state.

So, if you have a special form [sp?] policy just about anything that can happen to your roof and the leaks and the resulting damage underneath is going to be covered obviously in a case by case basis, so you know, not guaranteed that your claim covered but in most cases will be broad. There are some scenarios.

The most specific is water that collects or freezes in the eaves of your home, lifts shingles and water gets underneath them when it freezes at the eaves, not covered under a broad home policy, at least in most cases So again these are the things that you want to talk to your independent insurance agent about make sure that if you have these questions.

You want to make sure that you have a special foreign policy the costs difference is very minimal in most cases. So, Samantha, I hope that this answered your question. Just very important we talk to and communicate with our insurance agent about the coverages on our policy. But just remember, that roof leaks with a special from policy, in the vast majority of cases, are going to be covered, so special form policy, very, very important.

My name is Ryan Hanley, I’m the director of marketing and sales here at the Murray Group, this has been the Murray Group Mailbag and if you’d like to submit your own question to be answered on a future episode, do so on the comments below. Whether you are watching us on YouTube or on our web site, just leave the question in the comments below, and I’ll make sure that it makes on a future episode of the Murray Group Mailbag.

If you’d like to subscribe to our YouTube channel, you can do so right here. Just click this button and you’ll be notified of all future episodes of the Murray Group Mailbag. Thank you and have a great day.

How does homeowners insurance handle legal expenses after a claim?


If you have a question or would like receive a proposal from The Murray Group call (518) 456-6688 or visit:

Hello and welcome to the very first episode of the Murray Group Mail Bag
where we answer questions from you, direct questions asked to us through
either our Facebook page, our website or people who email or call us. We
want to make sure that we get those questions answered for you and get them
up on our website so that if you ever have to refer back to them they’re
there for you to review and just to better understand how insurance works.

My name is Ryan Hanley. I’m the Director of Marketing and Sales and also a
Certified Insurance Counselor here at the Murray Group. Today’s question
comes from Cindy who is from Troy, New York and Cindy asks, “How does
homeowner’s insurance handle legal expenses after a claim?” So, Cindy’s
questions derives out of a claim, something happens on her property in this
particular case and she was wondering how the legal aspects and the
expenses associated with the legal aspects of that claim are going to be
handled.

Now, on most admitted New York state insurance carriers who provide
homeowner’s insurance, so an admitted New York state homeowner’s insurance
carrier is going to defend and pay all the legal expenses associated with a
homeowner’s insurance claim. Now, there can be exceptions to this, so if
there’s a claim that’s uncovered, so a claim that is not covered under a
homeowner’s insurance policy, the carrier depending on the language of
their particular contract can choose to not cover legal expenses and not
provide their own counsel or defense attorney’s.

In most cases, if you have a covered claim, your carrier is going to
provide both the attorney’s and is going to cover all the expenses
associated with defending that claim for you. Now, some people ask if they
can choose to have their own attorney’s handle a claim and that’s something
that you want to talk to your insurance carrier about when a claim happens.
Most carriers will at least consider allowing you to choose your own
attorney’s, but I found that insurance companies don’t necessarily want to
pay anymore than they have to and are going to find the best attorney’s
available to make sure that you’re properly defended.

So, Cindy, I hope that answers your question. If you have a question about
anything that has to do with insurance, just leave it either in the
comments below. You can visit our Facebook page if you just search The
Murray Group on Facebook you’ll find us or you can just email
insurance@murraygrp.com. You can send us your question and in a future
episode of the Murray Group Mail Bag, I’ll make sure that I find you the
best answer. Thank you and have a great day.

How Does Escrowing My Homeowner Insurance Premiums Work?


– #55 – You can escrow your homeowners premiums at any time through your mortgage company. Basically what happens is your pay your homeowners premiums inside your mortgage payment.

The mortgage company collects the homeowner premiums and then pays the bill in one shot at the beginning of the policy every year. This has advantageous tax consequences as well as being relatively convenient.

However, you can still change your homeowners insurance at any time to a more competitively priced carrier if you so choose.

It is important to always consult a professional insurance agent about your specific insurance needs. Our team of insurance professionals at The Murray Group would be happy to answer any questions you have regarding your homeowner insurance policy. Click the link above to visit our website and learn more.

ACTION: If this video provided you with any level of value Please Click the “Like” button above.

What is a Pre-Existing Condition on a Health Insurance Policy?


– #49 – A pre-existing condition on a health insurance policy is any prior medical condition you have developed or sustained prior to purchasing the health insurance policy.

On most health insurance policies pre-existing conditions are only a concern if the policy holder did not have prior coverage with another health insurance carrier.

In the case of no prior insurance the health carrier will exclude coverage for six months to a year before providing coverage for that condition.

It is important to always consult a professional insurance agent about your specific insurance needs. Our team of insurance professionals at The Murray Group would be happy to answer any questions you have regarding your health insurance policy. Click the link above to visit our website and learn more.

ACTION: If this video provided you with any level of value Please Click the “Like” button above.

What does a Personal Umbrella Policy Cover?


– #47 – A personal umbrella policy acts as last line of liability defense in the event the limits of your underlying policies, (Think Auto, Home, Boat, etc) are used up.

Let’s say you get sued for $1,000,000.

Your homeowners insurance has a limit of $500,000. So after your homeowners insurance pays you still are obligated for an additional $500,000.

If you don’t have an umbrella that payment is on you (Think sell your house, assets, retirment, etc).

If you have an umbrella policy (Standard limit is $1,000,000) the umbrella will come in and provide coverage for the additional $500,000 that you owe.

It is important to always consult a professional insurance agent about your specific insurance needs. Our team of insurance professionals at The Murray Group would be happy to answer any questions you have regarding your personal umbrella insurance policy. Click the link above to visit our website and learn more.

ACTION: If this video provided you with any level of value Please Click the “Like” button above.

What is hired and non-owned auto liability insurance?


– #39 – Hired and non-owned auto liability insurance is a coverage found most often on business auto policy or the business owners policies (BOP).

The coverage provides protection for the business in the event an employee gets into an at-fault auto accident while driving their own personal vehicle or any other vehicle not owned or a rented vehicle during the course of their work duty.

Example: You send John Smith from accounting for envelops at the stationary store and he blows through a red light and causes bodily injury. If the business is sued hired and non-owned auto insurance responds.

It is important to always consult a professional insurance agent about your specific insurance needs. Our team of insurance professionals at The Murray Group would be happy to answer any questions you have regarding your auto insurance policy. Click the link above to visit our website and learn more.

ACTION: If this video provided you with any level of value Please Click the “Like” button above.