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Do You Need Flood Insurance?

October 24, 2016 | By Alison Schmidt, AAI | If you are putting together comprehensive insurance protection for your home, it is incomplete without coverage specific to the peril of flood. | In the last decade, flooding events have cost property owners and insurance companies billions in damages.

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Smart Insurance | Local is Better

June 30, 2016 | By Chris McDonald | There are many advantages to using a local Hamptons Insurance broker | Many top insurance companies will decline to insure a home in the Hamptons due to the coastal risk. These include some of the major national direct writers that people often use to insure their primary homes in places like NYC, Westchester, New Jersey, Connecticut, etc.

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Smart Insurance | The Policy Maze

April 4, 2016 | By Caetlyn Fallon | All insurance companies are not created equal | What’s important here is that not every insurance carrier puts the same resources into determining reconstruction value. Homeowners in luxury areas, then, will be wise to consider insurance companies that specialize in insuring higher values. Those companies have dedicated staff with a higher degree of expertise to conduct a thorough interior and exterior evaluation of each home—before a loss occurs.

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Smart Insurance | Risk Management

February 16, 2016 | By Timothy L. Brenneman | How can my insurance company’s risk-management services help me? | Before a claim, companies aim to identify exposure to loss and provide personalized advice about a problem before it turns into a major loss in the future. Access to residential engineers and customized risk-management inspections, thermographic imaging of temperature variations and pre-construction expertise for new-home projects are just a few examples of the services available.

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Smart Insurance | WHAT PROTECTION do you need when building or renovating?

October 4, 2015 | By Alison Schmidt, AAI | First and foremost, the contractor must be properly licensed and insured. Request a certificate of insurance listing yourself as an additional insured and make sure there is a written contract in place that clearly states what insurance requirements are required by all parties. A properly insured GC will have an underlying policy with limits of $1 million per occurrence and $2 million aggregate.

Smart Insurance | DO YOU NEED EXCESS LIABILITY INSURANCE?

July 18, 2015 | By Laura Kearney | Liability coverage provides protec­tion against a third party. The cover­age is a central part of most personal insurance policies and, most notably, a staple in auto and home insurance poli­cies. Excess liability policies, some­times called umbrella policies, provide limits “in excess” of the limits offered on underlying policies.

Smart Insurance | It's time to get the household staff covered!

April 23, 2016 | By Rosemary Whisler | The reasons you need a separate employment liability insurance policy to cover the household staff | Many high net worth families underestimate such potential costs and misunderstand the affordability of protection. Consequently, they lack proper liability insurance and sufficient coverage. But the reality is that wealth attracts lawsuits. And aside from the financial impact, these individuals risk the stress of protracted legal proceedings and damage to their reputations.

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Smart Insurance | Renting your home is an insurance red flag!

February 23, 2015 | By Timothy L. Brenneman, CIC | Renting your home for any reason is an insurance “red flag” that should trigger a detailed consultation with your insurance broker or provider. The reason: the exclusions and limitations for renting your home throughout a typical homeowner insurance contract. In a worst-case scenario, renting your home could actually void your protection. This isn’t to say that you can’t acquire the protection needed; rather, the standard homeowner policy may not be the right vessel.