Commercial Insurance that Covers Your Commercial Property

Posted on June 28, 2024July 1, 2024 by admin

When you established your business in Albany, NY, you likely secured a business liability insurance policy from Toedt Insurance Agency LLC, along with business interruption coverage. If your startup had any employees, you would have also obtained worker’s compensation insurance. Your commercial insurance needs evolve as your business grows. For instance, if you’ve acquired commercial property, updating your commercial insurance package to safeguard your business’s property will be necessary.

Commercial Property Coverage

If a commercial business owns its operating premises, it needs policies to protect the building. Property coverage serves this purpose to a certain extent. However, other dedicated policies, such as boiler insurance and glass insurance, secure various aspects of the building. Property insurance indemnifies the structure against damage from dangers specified in the policy, including fire, tornadoes, and hail.

Certain areas within the building or equipment installed necessitate special coverage. For instance, the boiler or furnace in your building requires a dedicated boiler insurance policy for protection against damage. Glass insurance covers any harm to plate glass windows, mirrors, and glass walls within or on your building.

How to Determine What Coverage Your Business Needs

Consulting with your Toedt insurance agent is the simplest way to determine what policies your business requires. As you prepare for the acquisition of your commercial building, reach out to us for an insurance review. We’ll employ a standard set of questions to guide our recommendations and create a custom quote that includes only the relevant business insurance policies.

Contact Us Today for an Insurance Review

Have you recently purchased a commercial building, or are you planning to do so soon? Contact Toedt Insurance Agency LLC for an insurance review to ensure that your Albany, NY business remains fully covered against potential risks.

Is Vandalism Covered by Your Homeowner’s Policy?

Posted on May 31, 2024June 5, 2024 by admin

One of the most common questions we get at the Toedt Insurance Agency LLC, serving the greater Albany, NY area is, "Does my homeowner policy cover vandalism?"

Every homeowner’s insurance policy covers vandalism. This is mentioned in the "malicious mischief" clause in your policy. This kind of damage includes broken windows, graffiti, and damage to property or belongings.

However, not every act of vandalism is covered by every homeowner’s policy unless you specifically request it.

What kinds of vandalism aren’t covered by your homeowner’s policy?

Your homeowner policy typically won’t cover damages from vandalism to a home that has been unoccupied for sixty days or more.

One situation we often encounter is an elderly homeowner who has to go into assisted living and leave their home unattended.

Families who have to move for new jobs before selling their houses may also be exposed to vandalism. Returning home from an extended vacation can sometimes result in unpleasant surprises.

One way to ensure you have coverage against vandalism is to hire a housesitter. If that’s not an option, we can help you get additional coverage from a specialty carrier.

Another thing to consider when insuring your home against vandalism is the value of art, antiques, collectibles, and jewelry.

It would be best to inform your insurance agent about any valuables you want to insure in your home. Create a home inventory of high-value items and get an appraisal for jewelry. Remember, some items increase in value over time.

Take photographs of valuables and store the photos with the appraisals in a secure location. But be sure to bring these items to your agent’s attention when you get your policy.

Toedt Insurance Agency LLC services satisfied homeowners throughout the greater Albany, NY area. Contact us today about your insurance needs!

Three Types of Auto Coverage You Need in Your Policy

Posted on April 30, 2024May 2, 2024 by admin

When you get your auto insurance policy, some types of coverage are required, and some are optional. At the minimum, there are three types of coverage that you should have to protect yourself financially. When it’s time to get your auto policy, we’re here to help. Just call us at Toedt Insurance Agency LLC in Albany, NY.

Bodily Injury Liability

This type of coverage is required by law. It’s a type of coverage that pays for the medical bills and other expenses of someone outside your vehicle who is injured in an accident. If you were the cause of the accident, you’d be the one responsible for paying for their medical treatments, ongoing therapies, lost wages, etc. It would be best to have this protection so the insurer can pay those bills.

Property Damage Liability

You must also have this type of coverage in your policy. This type pays for the damages to someone else’s property after an accident. This usually pays for the repairs to another party’s vehicle, but it can be any property damage. This includes damage to buildings and damage to plants and other landscaping. This coverage is essential for staying protected from the high cost of repairs.

Collision Coverage

Because property damage liability doesn’t pay for your property damage, you must choose collision coverage for your policy. This can pay for your own repairs or car replacement when you’ve been the cause of an accident. It’s never a good idea to be without this type of coverage because of the high cost of repairs.

Get Auto Insurance

When you’re in the market for auto insurance, call us to get started with a policy. Call us at Toedt Insurance Agency LLC in Albany, NY, to find out more.

When Should You Update Your Commercial Insurance Policy?

Posted on March 28, 2024March 28, 2024 by admin

It may be time for some updates if you have a business and a commercial insurance policy. Many people get insurance and then just keep renewing it without considering whether there are any changes that should be made. At Toedt Insurance Agency LLC, we want to help everyone in the Albany, NY area get the coverage they need and keep it updated so they have the right protection when they need it. We can help you update your commercial policy for better coverage.

Your commercial coverage should be updated if you change companies, change locations, or significantly increase your equipment or inventory. If you don’t update for those kinds of changes, you may find that you don’t have adequate coverage if there’s a claim. The peace of mind and security you have when you know your policy is up to date can be highly valuable when running a business, and it’s also one less thing you’ll need to worry about.

Another good time to update your policy is when you have a review with your agent every year. If you’re not reviewing your commercial coverage once per year, it’s time to start. Then, you can feel confident that you have the right policy for your particular needs. There’s no reason to settle for less than that when our dedicated agents are here to help ensure that your coverage is what’s needed for your company.

Get in touch with us at Toedt Insurance Agency LLC today if you’re in the Albany, NY area and need updates to your commercial insurance coverage. Our agents are committed to helping you get the right protection for your business and making sure you keep quality protection as your needs change over time.

What to Know About Insuring a Vacation Home

Posted on February 26, 2024February 26, 2024 by admin

Owning a vacation home is a dream for many, but it’s important to understand the unique insurance needs involved. Protecting a vacation home near Albany, NY is slightly different from insuring your primary residence. Here’s what you should know if insuring a vacation home in the area.

Personal Property Coverage May Be Optional

If your vacation home is more like an unfurnished cabin, you likely don’t need personal property coverage for the place. You also may not need personal property coverage through a vacation home insurance policy if you already have sufficient coverage through your primary homeowner’s insurance policy.

Vacant Property Coverage

Most people who have vacation homes leave their place unoccupied for several months at a time. Your vacation home policy probably needs to include vacant property coverage to ensure your place is still insured even when not used during the offseason.

Protection Against Frozen Pipes

Harsh winters in Albany, NY, make frozen pipes a significant risk. A frozen pipe can be especially damaging if you aren’t around to see the pipe freeze, break, and leak.

To protect against the costs of remedying such damage, look for a vacation home insurance policy that includes coverage for frozen pipes. At Toedt Insurance Agency LLC, we can help you find a policy that offers this protection.

The Right Coverage for Your Needs

Factors like your vacation home’s location, amenities, and how often you use it further affect your insurance needs. To make sure you find insurance that matches your place’s specific needs, let us at Toedt Insurance Agency LLC help you find the right vacation home policy.

Navigating Auto Insurance in New York’s Capital

Posted on January 24, 2024January 24, 2024 by admin

For those in New York’s capital, Albany, NY, getting reliable auto insurance is a must, and Toedt Insurance Agency LLC wants to give our customers all the information they need to make the right choices for their circumstances.

Who Needs Auto Insurance?

New York has clearly defined guidelines for what drivers must have at a minimum to use their vehicles. Without the proper policy, you can wind up in tons of trouble. All financial requirements must be fulfilled before you can register your car and get its plates.

New Yorkers must have at least:

No-fault personal injury protection, which is used for a range of expenses that may result in an accident, including medical expenses, lost earnings, and other expenses that may arise after an accident, is the first requirement.
Uninsured motorist coverage is needed so that if you, your family, or your passengers have injuries related to an accident with an uninsured or unidentified vehicle.
Liability coverage is also needed in case there’s harm against your car, cars you legally drive, or people and their property.

These insurance requirements are only a legal starting point, and depending on your situation, you may be more comfortable with greater coverage than is required.

What Auto Insurance Covers?

There are lots of things that auto insurance can cover, and what exactly your auto insurance covers will depend on the policy you choose. For instance, your plan will cover up to a certain amount, so you’ll have to consider how much coverage you’ll need to rest assured. Additionally, many plans include deductibles, so you’ll want to keep in mind how much your plan requires you to pay before it will start paying.

The most common types of coverage are:

Liability
Collision
Comprehensive
Uninsured motorist
Medical payments coverage
Personal injury protection

Choose Insurance You Can Count On

At Toedt Insurance Agency LLC, we know that those in Albany, NY, want auto insurance they can count on. We’ll be glad to guide you through the auto insurance process and answer any questions you may have. If you’re ready to get started, reach out to us today.

Beyond the Basics: Specialized Commercial Insurance Coverages You Didn’t Know You Needed

Posted on December 21, 2023December 31, 2023 by admin

Embarking on the road to business success in Albany, NY requires more than just the basics. At Toedt Insurance Agency LLC, we understand the unique challenges businesses face. Let’s explore some specialized commercial insurance coverages that might not be on your radar but could make all the difference.

Cyber Liability Protection

In today’s digital age, the threat of cyber-attacks is ever-present. Don’t leave your business vulnerable to data breaches and cybercrimes. Toedt Insurance Agency LLC offers robust cyber liability protection, safeguarding your sensitive information and providing financial support in the event of a cyber incident.

Business Interruption Insurance

Unexpected disruptions can bring operations to a standstill. Business interruption insurance from Toedt Insurance Agency LLC ensures that your business remains financially stable during times of crisis. Whether it’s a natural disaster or unforeseen circumstances, this coverage helps cover ongoing expenses and prevents financial setbacks.

Commercial Auto Insurance

If your business relies on vehicles, standard insurance may not be enough. Toedt Insurance Agency LLC provides specialized commercial auto insurance tailored to the unique needs of your business in Albany, NY. From delivery vans to company cars, we’ve got you covered on the road.

Equipment Breakdown Coverage

For businesses relying on machinery and equipment, unexpected breakdowns can lead to significant financial losses. Our equipment breakdown coverage at Toedt Insurance Agency LLC protects your investment, covering the costs of repairs or replacements due to mechanical failures.

Ready to elevate your commercial insurance coverage beyond the basics?

Contact Toedt Insurance Agency LLC today to explore these specialized coverages and more. Give us a call to schedule a consultation and ensure your business in Albany, NY is well-equipped for success.

Additional Living Expense (ALE) Coverage: A Home Insurance Guide

Posted on November 17, 2023November 30, 2023 by admin

An excellent and essential benefit of having a Homeowner Insurance Policy is the loss of use coverage, also known as additional living expense (ALE) coverage. Let us, the Toedt Insurance Agency LLC in Albany, NY, help you have peace of mind if the unthinkable happens.

Understanding Additional Living Expense (ALE) Coverage

ALE coverage (also available to condominium owners and in renter’s insurance policies) covers added costs associated with a policyholder’s temporary displacement from their residence in a covered peril. ALE coverage in New York can pay up to 20% of the insurance dwelling amount while your home is being repaired.

ALE typically covers expenses associated with food, hotel stays, or temporary rental spaces until your primary residence can be inhabited again.

Other benefits that can be covered under the loss of use portion of your homeowner’s insurance policy may include:

Moving or displacement expenses
Rental furniture
Laundry expenses (because you don’t have access to a washer and dryer)
Storage costs
Boarding of pets

To know the specifics of your individual policy, contact your agent to get a detailed explanation of coverage.

Loss of use coverage doesn’t cover costs for things you were previously responsible for before the time of loss. Your home mortgage, childcare expenses, insurance costs, and other household bills you paid regularly would be excluded from ALE coverage. This coverage is for added expenses you are responsible for paying because you can’t live in your place of residence.

Have Questions? Consult With Us

Guard your home, protect your family and quality of life, and have peace of mind. Talk to a licensed agent at Toedt Insurance Agency LLC in Albany, NY for more information about homeowner insurance policies.

Can One Auto Insurance Policy Cover Multiple Vehicles?

Posted on October 20, 2023November 1, 2023 by admin

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

Posted on September 23, 2023September 27, 2023 by admin

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!