Insurance

Does Umbrella Insurance Expire?

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When was the last time you looked at your insurance paperwork? If you’re like most people, you file your insurance paperwork away and never look at it again. Even if you don’t file a claim, it is in your interest to be aware of the language in your policy. 

As an example, you might not know when your umbrella policy expires. 

Umbrella Insurance Isn’t Forever

Pull out your umbrella insurance policy and scan it. You’ll find language explaining when the policy expires. Umbrella insurance policies in New Windsor, NY, don’t cover you forever. As a policyholder, you should know your policy’s expiration date. 

Mark down your umbrella insurance policy expiration date on your calendar for future reference. Then, renew your policy before the expiration date to continue, upgrade, or downgrade your coverage. 

When in Doubt, Communicate

If you can’t find your umbrella insurance policy paperwork, contact your agent or insurer. Ask about the length of the policy protection and the expiration date. This way, you’ll know when the policy is up for renewal.

Though there is no guarantee the insurer will be open to restarting a similar policy after a failure to renew, you can inquire about such a scenario ahead of time. 

Contact Windgate Insurance Agency Inc. for a Policy Review or Quote

Our insurance team can help you find the right umbrella policy for your situation. Contact us for a policy review or quote. We’re currently serving New Windsor, NY. 

Does Umbrella Insurance Expire?

Posted on by admin

When was the last time you looked at your insurance paperwork? If you’re like most people, you file your insurance paperwork away and never look at it again. Even if you don’t file a claim, it is in your interest to be aware of the language in your policy. 

As an example, you might not know when your umbrella policy expires. 

Umbrella Insurance Isn’t Forever

Pull out your umbrella insurance policy and scan it. You’ll find language explaining when the policy expires. Umbrella insurance policies in New Windsor, NY, don’t cover you forever. As a policyholder, you should know your policy’s expiration date. 

Mark down your umbrella insurance policy expiration date on your calendar for future reference. Then, renew your policy before the expiration date to continue, upgrade, or downgrade your coverage. 

When in Doubt, Communicate

If you can’t find your umbrella insurance policy paperwork, contact your agent or insurer. Ask about the length of the policy protection and the expiration date. This way, you’ll know when the policy is up for renewal.

Though there is no guarantee the insurer will be open to restarting a similar policy after a failure to renew, you can inquire about such a scenario ahead of time. 

Contact Windgate Insurance Agency Inc. for a Policy Review or Quote

Our insurance team can help you find the right umbrella policy for your situation. Contact us for a policy review or quote. We’re currently serving New Windsor, NY. 

Does Umbrella Insurance Expire?

Posted on by admin

When was the last time you looked at your insurance paperwork? If you’re like most people, you file your insurance paperwork away and never look at it again. Even if you don’t file a claim, it is in your interest to be aware of the language in your policy. 

As an example, you might not know when your umbrella policy expires. 

Umbrella Insurance Isn’t Forever

Pull out your umbrella insurance policy and scan it. You’ll find language explaining when the policy expires. Umbrella insurance policies in New Windsor, NY, don’t cover you forever. As a policyholder, you should know your policy’s expiration date. 

Mark down your umbrella insurance policy expiration date on your calendar for future reference. Then, renew your policy before the expiration date to continue, upgrade, or downgrade your coverage. 

When in Doubt, Communicate

If you can’t find your umbrella insurance policy paperwork, contact your agent or insurer. Ask about the length of the policy protection and the expiration date. This way, you’ll know when the policy is up for renewal.

Though there is no guarantee the insurer will be open to restarting a similar policy after a failure to renew, you can inquire about such a scenario ahead of time. 

Contact Windgate Insurance Agency Inc. for a Policy Review or Quote

Our insurance team can help you find the right umbrella policy for your situation. Contact us for a policy review or quote. We’re currently serving New Windsor, NY. 

Is Condo Insurance Substantially Different From Home Insurance?

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Home insurance is not the same as condo insurance. Though similar, there are significant differences between the two. This is your guide to both types of coverage in New Windsor, NY.

How Home and Condo Policies Differ

In general, home insurance covers the interior and exterior of a home. In contrast, condo insurance is typically limited to the interior of a condominium unit.

The exterior of a condo is typically covered by the condominium association’s insurance. Moreover, condo master insurance policies tend to be either "all in" or "bare walls."

The all-in policy typically covers the condo’s fixtures, including appliances and carpet. The bare-walls policy usually covers the exterior. Windgate Insurance Agency, Inc. is here to provide more details to help you choose the optimal coverage for your living space.

Unique Protections for Specific Dwellings

Home insurance and condo insurance are ultimately different in terms of the structures they protect. Instead of covering an entire home, as is the case with home insurance, condo insurance covers the interior of a living space.

Traditional houses do not have the same overarching condo association coverage as available for condos. Moreover, dwelling coverage for those who own houses hinges on the home’s rebuild value or the amount necessary to rebuild the structure from the ground up.

In contrast, condo owners’ dwelling coverage hinges on the details of the homeowners association’s master policy. The overarching policy can range from interior structures, such as ceilings and drywall, to only publicly used spaces or in between.

Get a Quote From Windgate Insurance Agency, Inc. 

Our insurance team is here to give you invaluable peace of mind. Contact us for more information or a quote. We’re currently serving New Windsor, NY.

Your First Mortgage in New Windsor, NY: How Life Insurance Should Fit Into the Plan

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You already know it. Buying your first home in New Windsor, NY, is probably one of life’s biggest milestones and, no question, one of the largest financial commitments you’ll ever make. Of course, it’s exciting, but it’s also intimidating. And that is why it’s so important to think beyond the mortgage paperwork. There’s so much more. For example, including life insurance in your financial plan will protect your family and your investment regardless of what happens.

The Connection Between Your Mortgage and Life Insurance

Of course, you already understand that when you take out a mortgage, you’re committing to monthly payments that are based on your monthly income. But that income is not guaranteed to stay the same forever. You need to consider whether your family would be able to live in the home you’ve worked so hard for if you were no longer around to pay the mortgage. That’s where life insurance comes into play.

With the right coverage, your policy will:

  • Pay the remainder of your mortgage balance
  • Cover any ongoing property taxes and maintenance costs
  • Provide funds for living expenses to help your family get back on track

This is a financial safety net your family can rely on if something happens to you. No painful decisions about selling or forced refinancing under stress. Peace of mind.

Choosing the Right Policy for Homeowners

If you’re in the New Windsor, NY, area, talk to Windgate Insurance Agency, Inc. Our experienced professionals will help you determine what kind of life insurance best matches your needs. Not all life insurance is created the same. For example, term life insurance is a very affordable solution for first-time homebuyers due to its low monthly premiums.

Another option is whole life insurance. If you want to protect your investment but also build value over time, you probably should choose one of these policies. The policy you choose must fit your lifestyle and needs, and our experts will provide you with all the information you need to make an informed decision.

To learn more about how life insurance can fit into your homebuying journey, contact Windgate Insurance Agency, Inc. We’ll help you explore your options to create a strategy that brings peace of mind to your life in New Windsor, NY.

Do You Need to Update Your Business Interruption Coverage?

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Organizations in New Windsor, NY, need commercial insurance to protect against unexpected events that could sideline operations for an extended period. While business interruption coverage is designed to address these challenges, not every policy provides the comprehensive protection entrepreneurs and industry leaders require. At Windgate Insurance Agency Inc., we work closely with business professionals to ensure their commercial insurance policies keep them afloat during setbacks.

What is Business Interruption Coverage?

Sometimes referred to as business income insurance, these policies typically cover expenses and salaries if a business is forced to close temporarily. Coverage is triggered by events such as fire damage, flooding that makes occupancy impossible, or other unforeseen disasters that disrupt operations. Here’s what a thoughtful business interruption policy can provide:

  • Lost Revenue: A business can recover lost revenue by filing a claim based on normal receipts and projections. This financial support can help you navigate challenging times.
  • Operating Costs: Businesses are still responsible for paying rent, credit card balances, loan installments, and taxes during a closure. Business interruption coverage helps owners manage these expenses and maintain a good credit rating.
  • Salaries: Many businesses struggle to survive after a closure because owners and essential employees still need to cover personal living expenses. Business interruption insurance ensures salaries are paid, helping retain key staff and avoid financial strain.
  • Moving Costs: Relocating to a temporary location or new facility can involve significant expenses. Business interruption coverage prevents you from depleting company resources to cover these costs.

When a disaster disrupts an organization’s ability to produce goods or provide services, savvy business professionals look for ways to pivot. Having the resources to rent equipment or lease temporary space can help you continue serving clients and minimize losses.

Reliable Commercial Insurance in New Windsor, NY

If you own or operate a business in New Windsor, NY, Windgate Insurance Agency Inc. supports your endeavors by providing policies with thorough protection. If you’re ready to update an existing commercial insurance policy or explore new options, contact us today.

Classic Car Insurance on Car That Doesn’t Run? Yes, and Here’s Why

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If you own a classic car, you’re part of a rare and passionate group. Only a small percentage of people have held onto their vehicles long enough to call them classics. You’ve already gone the extra mile in preserving your car over the years. Now, it’s time to ensure your investment is protected—even if your vehicle isn’t road-ready. Classic car insurance through Windgate Insurance Agency Inc., serving New Windsor, NY, is the solution.

It’s About the Car’s Value, Not Whether It Runs

Many classic cars are collectibles, and even if yours isn’t drivable, it may be worth thousands—or more. Risks like fire, theft, vandalism, or storm damage could destroy what you’ve spent years preserving. Without insurance, you’d be left to absorb the financial loss on your own.

Specialized Policies Cover Storage

Insurance companies that specialize in classic cars understand that many of these vehicles spend a significant amount of time off the road. Some policies are specifically designed for cars in storage. This means your vehicle is protected while it’s parked in your garage, not just when it’s being driven.

Comprehensive Coverage for Unexpected Risks

Even if liability coverage isn’t necessary for a car that isn’t in use, comprehensive coverage is still essential. Imagine a pipe bursts and floods your garage, or a fire in another part of your house damages your vehicle. These scenarios aren’t far-fetched, and they’re exactly why comprehensive coverage matters.

Even a parked, silent classic deserves protection. If you own one of these timeless treasures, talk to your local insurance agent at Windgate Insurance Agency Inc., serving New Windsor, NY, about classic car policies. You might be surprised at how easy it is to safeguard your investment, and we’re here to help you every step of the way. Contact us today!

How Renters Insurance Handles Theft Outside Your Home

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When most people think about renters’ insurance, they imagine protection for their belongings inside their apartment or rental home. But what happens if something gets stolen while you’re not at home, say, from your car or while you’re traveling? At Windgate Insurance Agency Inc. in New Windsor, NY, we often get questions about how renters’ insurance applies in these situations, and the answer might surprise you.

Coverage That Follows You

One of the lesser-known benefits of renters’ insurance is that it typically includes "off-premises coverage." This means your personal property can still be protected even when it’s not physically inside your rental. For example, if your laptop is stolen from your hotel room during vacation or your backpack is swiped from your car, your renters’ policy could help cover the loss.

Know the Limits and Exceptions

While off-premises coverage can be a huge relief, it’s important to understand that there may be limits on how much your policy will reimburse for theft outside your home. Some policies cap off-premises claims at a percentage of your total personal property coverage. Additionally, high-value items such as jewelry, electronics, or collectibles may require supplemental coverage to be fully protected. Reviewing your policy’s terms is essential to ensure you have the right level of protection.

Filing a Claim the Right Way

If you experience theft outside your home, make sure to file a police report and document the loss thoroughly. Providing receipts, photos, and any related documentation can help expedite the claims process and ensure you receive the support you need.

Not sure if your current renters’ insurance offers the protection you deserve? Contact Windgate Insurance Agency Inc. in New Windsor, NY, today, and let’s make sure your belongings are covered—no matter where life takes you.

Spring Rides Ahead: Is Your Motorcycle Insurance Ready?

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As the weather warms up around New Windsor, NY, you might want to spend more time on your motorcycle, exploring the open roads. With various state parks to traverse and the stunning views of the Hudson River calling you, it’s crucial to ensure your motorcycle insurance meets your needs. At Windgate Insurance Agency Inc., we’re here to prepare you for the journey ahead.

Review Your Coverage Limits

What does your motorcycle insurance look like? You may have met the state minimums, but is that enough to protect your finances? If you exceed coverage limits, you could end up paying a lot out of pocket.

Look at liability coverage, comprehensive coverage, uninsured/underinsured coverage, and more.

Additionally, consider how much coverage you have in each area. If the amount isn’t enough to cover the cost of replacing your bike or significant medical bills, it may be worth increasing the coverage to ensure more financial protection.

Prepare for the Ride

Just as you want to prepare your insurance, it’s also important to prepare yourself and your bike. This will reduce the likelihood of an accident.

If it’s been a while since you’ve taken a motorcycle instruction course, now might be a good time for a refresher.

Additionally, the right gear can ensure your safety in the event of an accident. This includes a helmet, riding jacket, and riding boots.

Get Assistance with Your New York Motorcycle Insurance

There’s no need to guess when it comes to motorcycle coverage. Our agents at Windgate Insurance Agency Inc. can guide you through the process. We’ll also get you quotes so you can ensure you’re getting competitively priced premiums.

Contact us today to get started. When you know you’ve got the right coverage in place, you’ll enjoy your rides in New Windsor, NY, and beyond more.

Is Personal Belongings Coverage Worth It for Your Motorhome?

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If you own a motorhome, you understand that it’s more than just a vehicle. It’s your home on wheels. This means it likely carries valuable personal items, such as electronics, clothing, camping gear, cookware, and even laptops or bikes. So, what happens if those belongings are damaged or stolen? At Windgate Insurance Agency Inc. in New Windsor, NY, we offer the coverage you need to keep your personal belongings safe in your motorhome.

Understanding Personal Belongings Coverage

Coverage for personal items is often an optional add-on to your motorhome insurance policy, protecting the items you keep inside your RV. If these items are stolen, damaged, or lost due to events such as fire, theft, or extreme weather conditions, this coverage can help you repair or replace them.

This coverage is especially important if you travel frequently or live in your motorhome for extended periods. Unlike auto insurance, which generally doesn’t cover personal items inside your vehicle, motorhome insurance can be customized to offer more comprehensive protection.

Why It’s Worth It

Replacing everything inside your motorhome can get expensive fast. Imagine having to replace clothes, electronics, cooking appliances, and tools after a break-in or storm. Without personal belongings coverage, those costs would come out of your pocket.

Additionally, some campgrounds and remote areas are more prone to theft or extreme weather. Having coverage gives you peace of mind, knowing your lifestyle investment is protected.

Protect More Than Just Your Motorhome

Your motorhome is a major investment, and so are the things inside it. Contact Windgate Insurance Agency Inc. in New Windsor, NY, today to learn more about personal belongings coverage and how we can help you find the proper protection for your RV adventures.