NYC Business Group Insurance Blog

Wednesday, July 14, 2021 | NYC Business Group

The Importance of Vacant Home Insurance

Most homeowners do not understand the difference between vacant and unoccupied homes. Typically, insurance companies do not like unpredictable risks because they translate to unanticipated claims. It is difficult for an insurance company to compensate you if they do not have the actual figures. Remember, with a predictable risk, your insurer can comfortably charge reasonable claims and payout on claims. Insuring a vacant home makes it difficult for insurers to determine potential risks. Insuring…

Tuesday, July 06, 2021 | NYC Business Group

What Isn’t Covered in a Standard Homeowners Policy

Although a standard homeowners insurance policy does not cover everything, it covers your home, some of your possessions, liability, and other structures in your home. It is essential to know what is not covered in your homeowners' policy to avoid inconveniences or being caught off guard in case of a disaster. Here are some of the costs excluded from a standard homeowners policy...

Thursday, July 01, 2021 | NYC Business Group

What Does Commercial Umbrella Insurance Cover?

Although your business is protected by business insurance, it is prudent to purchase commercial umbrella insurance. This type of insurance cover is vital because it provides coverage if a claim exceeds the limit of other insurance policies. Besides being affordable, commercial umbrella insurance offers protection against claims and lawsuits. With an umbrella insurance cover, you can never go wrong.

Tuesday, June 29, 2021 | NYC Business Group

Term vs. Whole Life Insurance, Which is Better?

When you want to take up a life insurance policy you will be overwhelmed by the number of alternatives out there. The process of finding the best type for you can be hectic and also a complicated process. While there are many alternative forms of life insurance, there are only two that are popular. These are term and whole life. The significant difference between the two forms of insurance is that term covers you for a stipulated number of years while life covers you until you…

Friday, June 25, 2021 | NYC Business Group

Essential Details about Insurance Claims

An insurance claim is a request made by the insured to the insurer. The proposal is made after an event that's in the insurance policy occurs. The aim is to indemnify, which can be a replacement, repair, or payment of hospital expenses due to an injury. In this blog, we will discuss insurance claims, how you can file a claim and how different companies handle these claims.

NYCBG Insurance Blog

The Importance of Vacant Home Insurance

What Isn’t Covered in a Standard Homeowners Policy

What Does Commercial Umbrella Insurance Cover?

Term vs. Whole Life Insurance, Which is Better?

Essential Details about Insurance Claims

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