August 2018

23
Aug

Does Your College Kid Need Insurance?

Finding the right insurance for your studying student.

Fall is rapidly approaching and that means parents are getting their college kids ready for the new semester ahead. You may have already purchased supplies, textbooks, electronics, and fun furniture to deck out their dorm room, but are you forgetting how to protect them best? Insurance coverage looks out for your studying student and finances. Before you send your kid off to college, check out the top insurance coverages they should have. Please open our links in a new tab to continue enjoying our content.

When your college student stays on campus and in the dorms, generally, your homeowners insurance policy will protect the possessions that they take with them. Be sure to ring your insurer to confirm the details, and create an inventory of the items that they take to college. If your student lives off campus, he or she will need renters insurance. This will protect their belongings and offer liability coverage, should any accidents occur.

Is your child taking the car to college? If so, you’ll need to alert the insurer to this fact. The premium is largely determined by the location of the vehicle, so moving it to college, even temporarily, may impact the coverage and rate. If your child is leaving the vehicle at home, let your insurer know. If he or she is attending college more than 100 miles away from home, you may be entitled to a discount.

Umbrella coverage may be one of the last policies you would expect to have to consider for your student, but college opens up new risks. From liability on social media to fraternity pranks, umbrella insurance can help protect your college kid from perils that they may face.

To learn more about insurance for your college student, contact Abatelli Group, Inc. for a quote. We can help you secure reliable Whitestone, NY car insurance coverage!

9
Aug

What Insurance Do You Need for a Second Home?

Homeowners insurance for a second property.

Owning a second home can be great. Whether it’s a vacation home, apartment in the city or a rental property, an extra home is often a bonus. However, homeowners need to be aware that each of their properties needs reliable and accurate insurance. When it comes to finding quality insurance for protecting your investment, seasonal homes can pose unique challenges you’ll want to consider.

Issues like the following will impact how much you pay to insure a second home, as well as the type of coverage your carrier is willing to provide.

  • Personal Property

You keep your vacation home stocked with a few necessities, whether it’s sun loungers or snowboards. You’ll want to cover as much of your personal property as possible under your vacation home policy. Create a separate home inventory for your second home and update it as you add new belongings or move items out. Knowing the value of your possessions can help you select the right level of personal property coverage on your policy.

  • Home Sharing

It makes financial sense to rent our your property while you are not using it to generate some extra income. However, your insurance carrier may not cover damage while the home is being occupied by anyone other than yourself. Before you list your vacation home for rent, be sure you understand whether or not you’re covered. In some cases, you may need to purchase additional coverage.

  • Additional Cover

When you’re not living in your property, you aren’t there to check up on it often to ensure all is well. For this reason, you may want to purchase additional cover in case something does happen – and it gets quickly out of hand. For example, a flood or earthquake can damage a property within minutes. These two perils are often excluded from standard coverage so be sure to take out separate policies to protect your property.

Need help finding adequate insurance? Contact Abatelli Group, Inc., serving Whitestone and neighboring cities in New York with the right and reliable coverage.