When it comes to providing financially for loved ones after your untimely death, there are two main types of life insurance to consider: term and whole life. The main differences between these two types of life insurance are the length of coverage and the cash value. Term life does not offer a cash value, and since it is purchased for a specific period (10, 15, 20, or 30 years), you could outlive the policy and not receive any benefit. Conversely, whole life insurance is valid for your lifetime and includes a cash value, but those benefits come at a higher price point. 

Both whole life and term life insurance policies include a payout – otherwise known as a death benefit – that cannot change and is guaranteed. If you outlive your term life policy, there is no payout, and although you have the option to extend the policy, it will likely be at a higher cost. Whereas term life insurance does not generate cash value, whole life does and can be used as a mechanism for investment. The cash value is meant to be used, and a loan can be taken against it for any purpose; however, if you die without paying back the loan, any outstanding figure is deducted from the payout. 

With these differences fresh in mind, there is no better time than now to safeguard your assets and protect your loved ones than by purchasing a life insurance policy. At Windgate Insurance Agency Inc. in New Windsor, NY, we recognize and understand that choosing between life insurance policy types can be daunting, so we strive to simplify the process. Give us a call today to learn how we can help you with all your insurance needs.

Looking for some information on commercial insurance for your business in New York? You’re in the right place! Here at Windgate Insurance Agency Inc., we’re dedicated to serving the New Windsor, NY area, and helping business owners select the most well-suited policies for their business goals and needs. 

New York is a fantastic place to own a business, and many who start here find their companies thrive very quickly in this area. Whether your company is experiencing growth or you are just getting started, we have coverage options that will suit your current needs, while allowing you to plan and strategize for growth in the future as well. You’ve got big dreams for your company, and we want to help you scale up without worrying about anything insurance-related. 

Commercial insurance is designed to protect the business owner, your assets, investors, partners, and employees through every phase of growth. Any piece of your business that could be vulnerable, including your inventory, employees, a warehouse or property, should be adequately covered by insurance. While nothing may ever happen that could threaten the well-being of these entities, should something happen – you’ll be very glad you invested in commercial insurance to lighten the load of financial stress you may experience. 

You’ve worked so hard to grow and scale your business – commercial insurance is just a stop along the way to prosperity and success. If your company needs insurance and you need a trusted advisor to help guide you, contact the team at Windgate Insurance Agency Inc.

We’re here to help serve business owners in the New Windsor, NY area and we’d be happy to sit down with you and learn about your insurance needs. Contact us today! 

Those that are in the New Windsor, NY area will find it can be a good place to start a business. If you choose to be a business owner here, getting proper insurance for your organization will always be important. There are several ways that having this coverage can be valuable for your organization. 

Mitigate Your Liability Risk

A good reason to always have a commercial insurance plan in this state is so you can mitigate your liability risk. No matter what type of business you run, there is always going to be a chance that you could be found liable for damages to a customer, another business, or another individual. With a commercial insurance plan, you will get the support needed to help mitigate this risk.

Protect Business Assets

As you are looking to build a business in this part of New York, you will eventually want to invest in some quality assets to help the business grow. When you are looking to purchase any core assets, having the right coverage for them will be very important. With a commercial insurance plan, you will get the support that is needed to fully protect your business and assets.. This could help to save you a lot of money if assets are stolen or damaged. 

People that want to start a business in the New Windsor, NY area always need to have the right commercial insurance in place. As there are a lot of choices to make when looking for commercial insurance, calling the Windgate Insurance Agency Inc. can be a great option. When you speak with Windgate Insurance Agency Inc. you can learn all that you need to ensure you are able to choose a plan that is right for your business. 

When you have an old car in New Windsor, NY, the vehicle is so much depreciated that you don’t really need collision and comprehensive coverages. However, for your classic car, things are different. Instead of depreciating, antique cars rise in value. And for this reason, you need special insurance coverage to protect the true value of your car. 

 So, if you find yourself asking whether you need classic car insurance, the answer is yes. Classic car insurance protects your pride and joy, and it’s a must-have if you value your piece of history. Do you need more reasons as to why classic car insurance is an asset? Windgate Insurance Agency Inc. shares more reasons why classic car insurance is a necessity.

Liability protection

You may not use your antique car daily, but liabilities can arise as long as you drive it. For instance, if you rear-end someone on the highway, you may face bodily injury and property damage claims from third parties. Luckily, if you have classic car insurance, you don’t have to incur out-of-pocket expenses.

It’s required

Remember that your antique car is considered as any other car, and therefore, the law requires you to purchase the minimum required auto insurance. If you want to stroll across New York roads with your collector’s car, you must include liability coverage in your classic car insurance. 

Otherwise, you may face penalties and fines for non-compliance. But is this really necessary?

Provides special coverages

The beauty of classic car insurance is that it provides coverages that are unique to your classic car. For instance, no-attendance coverage covers your car in events even in your absence. Spare parts coverage compensates you for replacement parts that are expensive and hard to find.

Purchase classic car insurance today!

Are you looking for a trustworthy insurance agent to partner with for your classic car insurance needs? Please consider Windgate Insurance Agency Inc. in New Windsor, NY. We will offer you classic car insurance that protects the worth of your car.

Insurance isn’t just for homeowners. Renters need protection too.

Renters insurance is designed specifically for tenants who are renting an apartment, home, condo, or any other living space. While the landlord should have their own plan, this typically only includes the building and excludes your personal possessions. Not having your own policy leaves you at risk.

Windgate Insurance Agency Inc. wants to make sure you and your belongings are safe. Serving in New Windsor, NY, the agency can find a plan that’s right for you. While different options are available, most renter’s insurance plans include these three different categories.

Personal property

Your possessions are valuable. A renters insurance policy will cover replacement costs if damaged, destroyed, lost, or stolen. If a natural disaster, mechanical issue, or another damaging event does happen, you will be reimbursed up to your policy limit. Conduct a home inventory, detailing the value of your possessions. Using this information, your agent can help you set your coverage limits.

Liability protection

Unfortunately, accidents happen. If one does occur and you’re found responsible, liability protection will kick in. For example, if some slips and falls inside your apartment, your renter’s insurance policy may cover their medical bills. This also extends to any legal fees if you are named in a lawsuit. 

Loss of use coverage

Your rental is your home. But, if it becomes inhabitable, you may have to find a temporary place to stay. In the event that you are forced from your residence due to a catastrophic event, a renters insurance policy will compensate you for any living expenses you may accrue. 

Work with an agent in New Windsor, NY

Don’t leave you or your possessions exposed. Plan ahead. Contact the Windgate Insurance Agency Inc. to secure much-needed protection with an individualized renters insurance policy.

When you have a motorhome in New York, security is always going to be on your mind. Of course, New York motorhome insurance can help protect you with comprehensive coverage, but you’re still going to worry about being a victim of motorhome crime. 

At Windgate Insurance Agency Inc., we want New Windsor, NY residents to feel less stress when they go on their road adventures. A few motorhome security tips may give you some additional peace of mind when you are enjoying your road trips and summer adventures.

Use Visible Deterrents

You don’t have to spend a lot of money on security sometimes. A visible deterrent is just that, a deterrent. These include a wheel clamp or a steering lock, which can be an effective way to deter anybody that wants to break into your RV.  

These devices will serve as a barrier and may ward off potential thieves. If your RV is a manual or stick shift device, a clutch lock can protect them from taking the car.

Motorhome Alarms

Take your security up a notch with motorhome alarms that can be fitted anywhere on your RV. You can add a state-of-the-art system or a simple alarm that will help you feel more secure when you are on the road. You may want to get a system that monitors or notifies you of any detected threats or alerts.

Trackers

Trackers are among the most popular motorhome security features when you are upping the security on your RV. This enables you to locate your motorhome at all times and will be handy in the event of a theft.

These can be costly but are liked by insurance companies as they are less costly than that of a replacement vehicle.

Secure Your Motorhome Today

Whether you are considering a big RV trip or not, adding more security to your motorhome is never a bad idea. At Windgate Insurance Agency Inc., we want New Windsor, NY residents to feel more protected on the roads, and at home. Call us for a quote to make your RV adventures more secure today.

When you are a motorcycle rider in New Windsor, NY, you want to make sure that you have all the motorcycle coverage that you need. As a motorcycle rider, you have additional risks on the road and a greater potential for accident and injury. 

At Windgate Insurance Agency Inc., we want New Windsor NY motorcycle riders to have the motorcycle insurance they need to protect themselves from every possible loss. We know what the most common causes of motorcycle accidents are, and how to protect you financially from them.

Loss of Control

Loss of control of your bike is among the most common causes of motorcycle accidents. This could be caused by anything from bad weather to drinking and driving. Loss of control of your bike may also occur when you are rear-ended, or other drivers fail to check their blind spots at intersections.

Distracted Driving

Distracted driving accounts for thousands of fatalities on the roads every year, both with vehicles and with motorcycles. This can include texting while riding your bike, or not thinking clearly when you are driving.

When you stop paying attention while you are riding your bike on the road, you run the risk of getting into a collision. You could be looking the wrong way, turning your head at the wrong moment, or being distracted by your phone. It will only take a second to get into a collision that could change your life.

Poor Visibility

Bad weather or low lighting conditions could result in a collision on your motorcycle. More motorcycle accidents happen at night than at any other time of the day. If you don’t have to go out on your bike at night, then avoid that if you can. It could reduce your risk of a collision and reduce the impact on your motorcycle insurance.

Get a Quote

When you are looking for motorcycle insurance in New Windsor, NY, call Windgate Insurance Agency Inc. for a quote. We know what kind of protection you need, and what will help you to sleep better at night.

Those that live in the New Windsor, NY area will always want to ensure they are enjoying the local waterways as much as they can during the warm months of the year. A good way that you can do this is by investing and purchasing your own boat. Along with a boat purchase, it is also important to choose a proper insurance plan. There are a few reasons why having boat insurance here is beneficial. 

Coverage Will Protect Boat

A key benefit of having a boat insurance plan in this area is that it will protect your watercraft. A boat insurance plan can give you support if your boat is damaged in an accident or stolen. This can help ensure you are able to continue to enjoy your boat for a long time after purchasing it, which can also help protect your investment. 

Insurance Provides Liability Support

You should also get a boat insurance plan because it can give liability support. Boat operators always run the risk that they can cause an accident. If this happens, you will need to pay any damages and cover bodily injury expenses other people incur as a result of the accident. As these costs can add up quickly, having insurance in place to mitigate the risk is helpful. Boat insurance will give the necessary liability insurance. 

Those that are going to be boat owners in the New Windsor, NY area will always want to ensure they have the right insurance in place for their boat. There are a lot of choices to be made when you are looking for a new plan and Windgate Insurance Agency Inc. can make the process easier for you. Windgate Insurance Agency Inc. will offer any support that is needed to evaluate your options and choose a plan that is ideal based on your situation. 

Are you looking for insurance in New Windsor, NY, to boost your home, auto, or boat insurance? If yes, with umbrella insurance, you have a safety net to protect you when claims exceed your typical insurance coverages. Want to find out how this insurance can cover you? Please keep scrolling as Windgate Insurance Agency Inc. elaborates how umbrella insurance protects you. 

What is umbrella insurance?

It’s an insurance policy plan that comes to your rescue when faced with substantial claims exceeding your home, boat, or auto insurance. Umbrella insurance protects your assets and future earnings against unforeseen tragic events that other insurance options may not cover. 

For instance, assume you are at fault for a major accident that causes severe injuries to the other driver. Suppose your auto liability coverage has a bodily injury liability of $60,000 and the medical costs of the injured driver stand at $75,000. Without umbrella insurance, you will have to fork out the uncovered $15,000 from your pocket. And worse yet, this amount can rise significantly if the driver decides to sue you! 

What does umbrella insurance cover?

While umbrella insurance isn’t mandatory in New York, you should consider it to get the below protection:

• Bodily injury: Covers the medical costs for injuries you sustain to other people.
• Property damage: Pays for the property damage costs for liabilities exceeding your typical insurance coverages. 
• Legal costs: If you are sued, your umbrella insurance covers defense costs, regardless of whether you are at fault. 
• Personal liability: The incredible thing about umbrella insurance is that it’s broader than other liability coverages. Umbrella insurance covers you against slander, libel, and malicious prosecutions. If you are found liable for a slanderous online comment, your umbrella insurance saves the day by covering the associated legal costs.

Are you shopping for umbrella insurance in New Windsor, NY? Please contact Windgate Insurance Agency Inc. for a personalized quote.

Mowing grass, cleaning the pool, and shoveling snow are some things you don’t have to list as a chore if you are a condo owner. However, condo insurance is always a smart choice to acquire. While your unit is under the condo owners association (COA) master policy, you need to know what exactly it covers for better coverage of your condo. Your COA’s master policy covers the building itself and common areas, such as the pool and gym. Note that COA coverage differs from one association to another, so be sure to ask what yours covers.

When you need condo insurance 

Understanding condo insurance can be challenging, especially for those not familiar with the insurance landscape. Thankfully, at Windgate Insurance Agency Inc., located in New Windsor, NY, we will break down condo insurance to make the content easily digestible. 

That said, let’s start with one of the most frequent questions we get from condo owners: When is condo insurance required?

When taking a mortgage

Unlike auto insurance, condo insurance isn’t required by law. However, if a mortgage finances your condo, your lender requires you to carry condo insurance as long as your mortgage is outstanding. 

Why do I need condo insurance?

While condo insurance isn’t mandatory, it’s recommended you carry one for the below reasons.

To protect personal belongings.

Yes, your condo association has a master policy, but this doesn’t protect personal assets. That said, you need condo insurance to protect your electronics, jewelry, furniture, and other assets from fire, vandalism, and theft.

To cover additional living expenses.

If your condo is uninhabitable for one reason or another, condo insurance covers additional living expenses such as accommodation and meals in case of a hotel stay. 

Liability protection

Because condos are within proximity of each other, there is a likelihood you might cause property damage or bodily injury to your neighbors. But just like homeowners’ insurance, condo insurance pays for damages and medical expenses for third-party loss caused.

Searching for condo insurance? Don’t look beyond Windgate insurance Agency Inc., serving New Windsor, NY, and the surrounding areas. Are you bothered by your unique needs? Don’t be. We are here to provide customized condo insurance coverage to address individual needs. Contact us today.