Does My Homeowners Insurance Cover a Boat Stored in My Garage or Driveway or Do I Need Boat Insurance?

Posted on January 24, 2025January 22, 2025 by admin

If you own a boat, you’ve likely considered how to protect it when it’s not in use on the water. Many boat owners question whether their homeowner’s insurance will cover a boat stored in their garage or driveway. This is a common query, and at Access Legacy Insurance Group in Brooklyn, NY, we’re here to provide clarity so you can make the best decision about your coverage.

The Limitations of Homeowners Insurance

While homeowners insurance provides excellent protection for your home and personal belongings, its coverage for boats is typically quite limited. In many cases, homeowners policies only cover small boats, such as canoes or rowboats, and even then, the coverage is minimal. If your policy does include boat coverage, it’s often restricted to damage caused by specific events, such as fire or theft, and may not cover liability or larger damages. Additionally, if your boat is stored outside in your driveway, your policy could further limit coverage.

The Importance of Boat Insurance

Boat insurance is specifically designed to cover the unique risks of boat ownership. This includes damage to your boat, liability protection if you cause injury or property damage while operating it, and coverage for theft or vandalism, whether the boat is stored at home or elsewhere. Boat insurance ensures you’re protected on and off the water, giving you peace of mind no matter your boat is location.

Securing the Right Coverage

If you’re unsure whether your boat is fully protected, it’s time to explore your options. Contact Access Legacy Insurance Group in Brooklyn, NY, today, and let us help you find the right boat insurance policy to protect your investment.

Steps You Should Take When Your Home Floods

Posted on July 30, 2024July 24, 2024 by admin

Access Legacy Insurance Group Offers Steps To Take If Your Home Floods

While floodwaters coming from outside of your home are not covered under standard home insurance policies, you can acquire flood insurance. This helps to defray the costs of damage from flooding. We offer our clients these policies at Access Legacy Insurance Group in Brooklyn, NY. Here are the steps you should take if your home experiences unexpected flooding.

Protect Yourself, Family, and Pets

If flooding is imminent, you should immediately evacuate the premises. Take yourself, your family, and your pets to a safe area on higher ground.

Start the Insurance Claim Process

Once floodwaters have receded and it’s safe to return home, you can file a claim with your flood insurance company.

Photograph or Videotape Your Property’s Interior and Exterior

Record the damage to your home on a digital image file or videotape. Also, record any items you are going to throw away.

Provide Information About Large Appliances That Have Been Damaged

Get the make, model, and serial number of large appliances that have been ruined by floodwater. You will need this information to file a claim with the insurance company.

Collect Samples of Building Items That Have Been Damaged

Take samples of carpeting, flooring, wallpaper, draperies, and other items needing replacement.

Consult With Your Insurance Adjuster

Your adjuster can advise on additional information that might be needed for your insurance claim.

Access Legacy Insurance Group is Your Agency For Flood Insurance in Brooklyn, NY

Our agents in Brooklyn, NY, can answer your questions about flood insurance and how it can help you after a flooding event. We offer a broad range of insurance products for homes, auto, boats, and businesses. Contact Access Legacy Insurance Group today for a no-obligation quote on flood insurance that can help you get back to normal after floodwaters enter your home.

What happens to my home insurance after paying mortgage?

Posted on August 30, 2020August 30, 2020 by admin

Nothing beats the feeling of completing a mortgage payment. It calls for more than a celebration, but there is a problem. What happens to your home insurance policy? Most New York residents prefer to use the mortgage mode as it allows them to grow their finances. Do you do away with it? No, bad idea. At Access Legacy Insurance Group, we recommend speaking to your insurance company to know the way forward.

What to do with the extra cash

Of Course, your money is now freed from debt, and you can do whatever you want with it. There are ways you can save and invest in your home insurance policy. Remember, your lender is no longer in control of your insurance because they no longer own that home. It is now your responsibility to ensure that you buy adequate coverages to safeguard your investment.

How to adjust your insurance

With a mortgage gone, you are likely to have more leeway with your home. You can choose to add or remove coverages based on your needs. The best way to go about it is by discussing the matter with your Brooklyn, NY insurance agent. Here are a few tips to get you going.

Use your money to renovate your old house. This will decrease your premium rates and also get your home into a better shape. If there is insecurity in the area, consider adding a home security system to keep burglars away. This addition also lowers your premium rates.
Be sure to remove the bank from your policy. This is an important step as it ensures that the bank does not have the power to claim any money you receive from that policy.
Check your limits. You do not need to carry high limits now that your lender is gone. Your insurance agent can help you go through the process of determining which limits should be adjusted and which ones should be left the way they are.

Need to know more about home insurance after mortgage payment, contact Access Legacy Insurance Group in Brooklyn, NY today!

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Category: Home Insurance