If you have been wondering why homeowner renewal prices have gone up more than usual, then wonder no more. The price increase is mainly due to increasing material and labor costs. This increase results in increases to the dwelling (or home) valuation or better known as your replacement cost. The average increase in valuation to replace your home is around 14%. Typically dwelling (home) values increase around 4-6% annually to keep pace with inflation. Since inflation is high and some materials still on back order or in short supply, dwelling replacement values have significantly increased. If you wish to discuss your dwelling values or premium increases, we’re here to help. Contact me at: toedtinsuranceagency@nycap.rr.com.
WELCOME TO OUR WONDERFUL WORLD OF INSURANCE
Welcome to all our past, present and future customers. This blog is the place you can come to find out about every type of insurance, why it’s important, whether or not you need it, what does it do and can you get it at a good price. Our 35+ years of experience on the company and agency sides will guide you in making the best decisions for your family or business. Stay tuned as we’ll be posting weekly.
Can One Auto Insurance Policy Cover Multiple Vehicles?
For car enthusiasts who can’t handle only having one vehicle or families who need more than one car to provide transportation for every household member, navigating car insurance comes with some unexpected challenges. Thankfully, our team of qualified insurance professionals at Toedt Insurance Agency LLC in Albany, NY has walked plenty of car owners through this process. From those who only own one vehicle to those who have upwards of three vehicles, we’ve seen all kinds of car-owning situations that require knowledge of car insurance laws and regulations to find the right coverage for that specific circumstance.
If you worry that having more than one car stored in your garage or driveway will make insuring your vehicles complicated, you should sit down and speak with one of our agents before you panic. We can help you discover the right policy to suit your needs. We can also discuss the terms and requirements of certain policies, so you know whether you can keep up with that coverage.
Can a Single Auto Insurance Policy Cover More than One Vehicle?
While every auto insurance policy has terms and limits by which we need to abide, you’ll find that some car insurance policies have options to cover more than one car. Multi-car insurance policies are designed for this situation. While some policies may have wording that is confusing like “garaging” all the vehicles in one place, we can walk you through what different terms mean and how you can stay eligible for coverage once it’s in place. If your second vehicle is an exotic car or a classic one, you may need a policy that covers that type of vehicle like classic car insurance.
For more information, call Toedt Insurance Agency LLC in Albany, NY today!
Securing Your Albany Enterprise: Why Commercial Insurance is a Must-Have for New York Business Owners
New York business owners in Albany, NY are likely aware of the unique opportunities and challenges of running a business in one of America’s most vibrant cities. If you’re a New Business owner in New York and looking for ways to safeguard your business — be mindful of the importance of having an adequate commercial insurance policy to protect your bottom line from extreme loss.
Partner with Toedt Insurance Agency LLC in Albany, NY and learn how to protect your business investment!
Understanding Commercial Business Insurance
Commercial business insurance is a must-have for New York business owners who want to protect their finances from the devastating effects of legal liability claims, worker’s compensation claims, or cyber-attacks against their businesses.
Depending on your line of business, you may be legally required to have commercial insurance to meet legal requirements and avoid hefty fines. Commercial insurance can protect your business from general liability-related claims for property damage, personal injury, bodily injury, and more.
A knowledgeable insurance agent can help you customize a policy to meet your unique business needs.
NY-area businesses who suddenly find their operations shut down have greater peace of mind when they know they have an active commercial insurance policy with business interruption coverage. Business interruption coverage kicks in when unexpected events like natural disasters, fires, floods, and other unforeseen circumstances disrupt your operations.
Secure Your Business with Commercial Insurance
Commercial business insurance isn’t an option for most New York businesses — it is necessary to safeguard your business operations, finances, and peace of mind.
Talk to a licensed insurance agent at Toedt Insurance Agency LLC to learn more about your options for commercial coverage, and request a free quote today!
5 Factors to Consider When Purchasing Home Insurance
The purpose of home insurance is to protect your home and valuables from perils that can cause financial loss. The right policy will provide just the protection you need without wasting money on unnecessary coverage. At Toedt Insurance Agency LLC in Albany, NY, we can personalize your policy to meet your unique insurance needs.
Here are some important factors to consider when purchasing a home policy:
Type of Coverage
Standard home insurance offers dwelling, contents, and liability coverage. You can review these types of coverage with your Toedt Insurance agent to fully understand the protection they provide. You should also be aware of the perils your policy protects you from, such as theft, vandalism, storm damage, tornadoes, etc. If you want protection from flooding, you’ll need to purchase a separate flood insurance policy.
Amount of Coverage
In addition to the type of coverage, you decide the amount of coverage you want to protect your property. Dwelling coverage, for example, should cover the cost of rebuilding your home if it’s totally destroyed in a disaster. We can help you assess the value of your home and its contents to help you obtain accurate coverage.
Claims Process
Another factor to consider is the claims process. Talk to your insurer about filing a claim so you understand what’s required to get compensation when you need it most.
Insurance Cost
By shopping around, you can get a better idea of home insurance costs in your local area. Be sure to compare what different policies offer in relation to their costs. You don’t want to be penny-wise and pound-foolish when it comes to protecting your most valuable asset.
Insurance Company
Finally, choose a reputable insurance company you can trust. At Toedt Insurance Agency LLC in Albany, NY, we offer quality home insurance at affordable costs.
Auto Insurance Coverage Options
Our agents at Toedt Insurance Agency LLC serving the Albany, NY area are highlighting the importance of having an auto insurance policy in place in the state of New York.
Auto insurance coverage options provide you and other drivers with the financial protection needed if an accident occurs or your vehicle is damaged. Auto liability insurance is required in the state of New York for all drivers, but there are other coverage options you can choose from to keep you and your car, truck, or SUV properly protected.
Auto Insurance Coverage Options
Collision Insurance
This type of auto insurance will help you repair your vehicle and other vehicles involved in a collision. It will also come in handy if you collide with some sort of inanimate object.
Comprehensive Insurance
If your vehicle is damaged or destroyed by a fire, natural disaster, vandalism, or some other awful event, you will be happy to have comprehensive insurance since it will help you repair your vehicle or replace it. This type of insurance is also important if your vehicle is stolen since it can help to replace your car, truck, or SUV.
Uninsured or Underinsured Motorist Coverage
If you become involved in an accident with a driver who has very little insurance or no insurance at all, this type of insurance policy will be very beneficial. It can help you with the expenses of repairing your vehicle and any medical bills that you may incur.
Contact Us Today
To create the best auto insurance policy for you and your vehicle, contact the agents at the Toedt Insurance Agency LLC serving the Albany, NY area today!
Tips to keep your work trucks running smoothly
When it comes to keeping your work truck running smoothly here in the Albany, NY area, there are a few tips from us at Toedt Insurance Agency LLC that we think can help you.
Tips to keep your work trucks running smoothly
The first is to make sure you are regularly servicing your vehicle and changing any necessary fluids. This includes engine oil, transmission fluid, brake fluid, coolant, and more. Proper maintenance of these fluids helps keep your vehicle running smoothly and prevents costly repairs down the road.
Another tip is to make sure your tires are properly inflated as this can help improve gas mileage and ensure optimal performance from your truck. Additionally, you’ll want to check the tire pressure every month or two to ensure they’re always at the correct pressure level.
You’ll also want to be sure to have regular tune-ups done on your truck as well as any repairs that may come up. Regular maintenance will go a long way in ensuring that your work truck runs smoothly and efficiently for years to come.
Finally, be sure to use quality parts when making any replacements or repairs on the truck. Using inferior parts could result in greater costs down the line when it comes time for repairs or replacements again soon after using subpar parts originally.
Reach Out To Us
By following these simple tips, you can rest assured knowing that your work truck will stay in top condition for a long time; always running smoothly for all of those upcoming jobs. For more tips, give us at Toedt Insurance Agency LLC a call today. We are proud to serve the people of the Albany, NY area and would be happy to find a policy that will keep your business covered.
Does My Home Insurance Cover Summer Storm Damage?
Protecting your home against summer storm damage is essential, and having comprehensive home insurance coverage can help. If you live in Albany, NY, you’ll want to understand how your policy covers storm damage to be prepared.
Here’s what you need to know:
Understanding Storm Damage Coverage
Typically, most home insurance policies cover a wide range of potential hazards and damages, including damage caused by natural disasters like storms and severe weather events. However, reviewing your policy carefully is essential to understand what is and isn’t covered, especially with summer storm damage. Some policies may include exclusions or limitations for specific weather events, so ensuring adequate coverage is essential.
Storm Damage Caused by Wind and Hail
One of the most common types of summer storm damage in Albany, NY is caused by high winds and hail. These elements can cause significant damage to roofs, siding, windows, and other areas of your home. Fortunately, most home insurance policies provide coverage for wind and hail damage. However, reviewing your policy to understand your deductible and coverage limits is essential.
Flood Damage from Heavy Rain
Heavy rain and flash flooding can also cause extensive damage to your home during the summer months. Unfortunately, many standard home insurance policies do not cover flood damage. If you live in an area prone to flooding, you may need to purchase a separate flood insurance policy to ensure this type of damage coverage.
Toedt Insurance Agency LLC Is Here To Help!
At Toedt Insurance Agency LLC, we are here to help you find the right home insurance coverage for your needs in Albany, NY, including additional policies for floods and other perils. Contact us today to learn more.
Required Auto Insurance in New York
When you own a vehicle in New York, you are required to have auto insurance for it. As long as the registration of the vehicle is valid, you have to keep the insurance policy. This is true even if you don’t use the vehicle. If your vehicle is registered in New York, your insurance policy has to be in New York. The policy also has to be in the name of the person to whom the car is registered. When you need auto insurance in New York, call us at Toedt Insurance Agency LLC in Albany, NY.
Required Coverage
There is an amount of coverage required for property damage for one accident. There is also an amount required for bodily injury coverage. There is a separate amount required for the death of someone involved in the accident. If there are two or more people who are involved in the accident, there is another amount required for their bodily injury. There’s also another amount required for the death of more than one person. Some of these amounts are relatively low, and it may be a good idea to get more coverage than the minimum required by the state.
If you don’t have auto insurance issued in the state of New York for your New York vehicle, you could face having your car’s registration suspended. You may also have your New York driver’s license suspended. If you own a vehicle, make sure it is always covered by at least liability insurance at all times. It can save you from a lot of legal and financial trouble.
Get Auto Insurance
When you need auto insurance in New York, give us a call at Toedt Insurance Agency LLC in Albany, NY to find out more and to get started with a policy of your own.
Do Single Employee Businesses Need Commercial Insurance?
If you own a business company, you need the right commercial insurance coverage. It’s an important tool that offers protection from risks. Anyone living in Albany, NY area can count on Toedt Insurance Agency LLC to provide them with quality insurance products that provide security and peace of mind.
Commercial Insurance Protection
Whether you are a single-person business or you have a large employee base, you’ll need adequate commercial insurance coverage to protect you from liability and other covered risks. Businesses, large and small businesses face various risks to their well-being and can incur losses without the right insurance coverage. Anyone currently interested in finding commercial insurance products that meet their needs can consult with one of our expert insurance agents, who can carefully assess their situation to determine their needs.
Once an agent has a clear picture of the situation, they can recommend insurance products that meet and exceed the client’s needs. We assist with product selection and provide ongoing support throughout the policy’s lifetime, even if there’s a submission of a claim. Our goal is to provide the best customer service to ensure our clients have the support they need to protect their businesses and the most important things.
Reach Out Today
Anyone in the Albany, NY area interested in securing top-quality commercial insurance for their business can count on the expert support and guidance from Toedt Insurance Agency LLC. We look forward to serving the community members to help them protect their businesses and other interests. Call or stop by our office today to speak to one of our friendly representatives or to schedule an appointment for a consultation.
What every new homeowner needs to know about home insurance
Buying your first home is an important step in your life. What you know about home insurance is probably minimal except for the fact that your mortgage holder has told you what you need to have to get your mortgage. At Toedt Insurance Agency LLC in Albany, NY, we are here to help you to make sure you get the right insurance, not just the right amount.
What you need to know about home insurance
You decide the amount of your deductible
Your home insurance has a deductible on many parts of the coverage. You are the one that decides the amount that is right for you. If you don’t want to have to pay a lot of money out of pocket, choose a low deductible, and if you want a lower premium, go for a higher deductible.
Not every hazard is covered
Home insurance policies have exclusions. These are things that won’t be covered if they happen to you. Your home insurance doesn’t provide coverage for floods, sewer backups, earthquakes, sinkholes, mudslides, landslides, termites, war, civil unrest, mold, rodent infestation, wear and tear, and owner neglect. Certain breeds of dogs will also not be covered.
Some coverage has limits
Some types of coverage have limits. The amount of jewelry, rare coins, cash, antiques, and art you are covering is limited.
Endorsements allow you to extend your coverage
Endorsements are a way to extend the coverage of your home policy to things it would either not cover or not cover at a level to protect you. This allows you to customize your home insurance to your very specific needs. Identity theft is one that you may want to consider to protect your assets. Also, extended content coverage for your more expensive items.
Give Us A Call
To learn more about home insurance, contact Toedt Insurance Agency LLC in Albany, NY to get a no-obligation quote.
Why You Need Insurance for Your Automobile
There is so much distress that comes with the destruction or theft of your vehicle. It is a requirement in New York, alongside a license, that you have auto insurance. Are you in search of a lasting contract that will help cushion you from the strain that may come with unexpected destruction or theft? Toedt Insurance Agency LLC, serving the greater Albany, NY community, is a reliable partner on all your insurance needs.
Why You Need Insurance for Your Car?
More than cushioning the owner of the vehicle from stress related to theft and destruction, insurance carries along with it another couple of benefits.
These include:
- Covering treatment of injuries that you may have sustained at the time of accident or theft. Auto insurance will work to supplement your health insurance towards your treatment.
- In the event of a collision between two vehicles, insurance covers the owner of the vehicle responsible for the accident as well as the other party to repair the auto vehicles.
- Covering of property in the vehicle at the time of an accident or loss. These may be devices that may have been damaged or lost.
- An auto insurance cover works to provide cover for any passengers that may have gotten injured during an accident, whether or not they possess a driving license.
It is, however, important to note that insurance may not compensate for the damage to a car that has been covered by a warranty.
Get Your Vehicle Insured Today
Are you in Albany, NY and looking for an agency that will help you renew your cover or decide on the most suitable cover for your automotive? Get rid of stress! Contact Toedt Insurance Agency LLC or visit us and talk to one of our agents for more information or cover for your car today. Insure your vehicle through us today and enjoy your peace of mind.
