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.

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. 

A home inventory sheet is an essential tool to help you in the event of a claim after a disaster. In addition, this can help you select the right amount of insurance to purchase, and your Toedt Insurance Agency LLC representative will be happy to answer any questions you have in this regard. 

What is a Home Inventory Sheet?

Your inventory should, at its most basic, include a list of all possessions kept on your property. Secondly, there should be an in-depth description of the item itself. Video helps in this endeavor, as you can film from multiple angles and show the condition at the time of filming as well as any special features. 

Be sure to write down any pertinent serial numbers, the make and model, or any other identifier. Also, record the date of purchase along with a copy of the receipt. It’s also recommended that you take a photograph of the receipt, as these can tend to degrade with age. 

It’s important to state the purchase price but also the amount you estimate it would cost to replace the item. Keep a backup of this document at a separate location, in cloud-based storage, on a home inventory sheet app, or in a safe deposit box. Keep the information current, updating all copies at periodic intervals.

Homeowners insurance is not a requirement in the state of New York by law but is usually mandated by your lender as long as you have a balance. Some Albany, NY residents choose to continue carrying this indemnification for the benefits it confers. 

Let Us Meet Your Insurance Needs

We at Toedt Insurance Agency LLC in Albany, NY work hard to get the right coverage package for you. You can reach us by phone or email, and we invite you to stop by our office. 

Home insurance is one of those things that you hope you never have to use, but it’s there for peace of mind if the worst happens. However, many people make mistakes when buying home insurance that can cost them dearly if they ever need to make a claim. This blog post will explore five of the most common mistakes people make when buying home insurance. By avoiding these pitfalls, you can be sure that you’re getting the best coverage for your needs. So read on to learn more.

1. Not Reading the Policy Documents Carefully

When taking out any insurance, it’s essential to read the policy documents carefully to understand exactly what is and isn’t covered. This is especially true for home insurance, as there can be a lot of small print that you may not be aware of. Many people skim over the policy documents or don’t read them at all and then find themselves disappointed when they try to make a claim and discover that it’s not covered. So take the time to carefully read your policy documents to know exactly what you’re covered for.

2. Not Disclosing Any Relevant Information

When applying for home insurance, you’ll be asked to disclose relevant information about your property and lifestyle. It’s vital that you answer these questions honestly, as failing to do so could invalidate your policy.

3. Buying the Bare Minimum of Coverage

Many try to save money by only buying the bare minimum of home insurance coverage they need. However, this can be a false economy, as if you ever need to make a claim, you may find that your damages aren’t fully covered. It’s always better to err on the side of caution.

4. Not Shopping Around

When it comes to insurance, it’s important to shop around and compare different policies before you decide on one. Many people go with the first policy they come across without research, but this could cost you more in the long run.

5. Not Reviewing Your Policy Regularly

Your needs and circumstances can change over time, and it’s important to review your home insurance policy regularly to ensure that it still meets your needs. Many take out a policy and then forget it, but this could leave you underinsured or even completely uninsured.

If you’re looking for home insurance in Albany, NY, Toedt Insurance Agency LLC can help. We offer various policy options to suit your needs, and our team can help you find the right coverage for your situation. Contact us today to get started.