Monthly Archives: October 2017
Converting Your Home Heating System to Natural Gas
Is it time to convert your home heating system from oil to a more affordable, reliable and healthier gas?
Natural gas home heating is much cheaper than oil. Not only is it cheaper, but it is clean, safe, efficient and a more dependable energy source because it is produced in the United States.
To begin the conversion process, contact PSE&G and ask them to recommend one of their reputable installers if you do not already have one.
The contractor can find out if there’s natural gas within 100 feet of your home so that you do not have to pay a connection charge.
Once this is determined, the contractor will remove the old boiler and oil tank if it is located inside your home. If your tank is located underground, it can be abandoned and will no longer be used to store fuel. In place of the old heating system, a gas boiler and a separate hot water heater will be installed. The last and final step would be a safety inspection of the new equipment. This process can take some time, so make sure that you have enough of your current fuel source.
After that, you can enjoy a more affordable, safer, healthier and efficient way of heating your home.
Don’t forget to contact your insurance agent and advise them of your heating system updates.
For questions or more information on Homeowners insurance, please give us a call at 516-249-5200 or visit our website at www.chedwards.net
by Steven Visco
Transportation Network Companies
TNC/Ridesharing has become a popular trend over the past year. However, many consumers have unanswered questions when it comes to ridesharing and insurance.
What is a “TNC”?
TNC stands for “Transportation Network Company”. TNC’s are the companies that offer a ridesharing service. Companies such as Uber and Lyft are examples of popular “TNCs”.
What is “Ridesharing”?
Ridesharing is the use of a personal, non-commercial, privately owned vehicle to provide pre-arranged transportation to others. Passengers request a ride though the Transportation Networks app.
What is a “TNC Driver”?
A TNC Driver is someone who uses their personal, non-commercial vehicle to provide rides for others.
Who must provide insurance for the TNC Driver?
New York State law requires that a TNC provide primary insurance coverage for their drivers through a group policy. TNC drivers are able to obtain their own insurance but must meet the same insurance requirements as the TNC is required to provide.
What are the required minimum limits of insurance?
Bodily Injury Liability: $75,000/$150,000
Property Damage: $25,000
Uninsured Motorist: $25,000/$50,000
Personal Injury Protection $50,000
Will the TNC Driver’s personal automobile policy provide physical damage coverage?
No! The TNC driver’s personal automobile policy will only provide physical damage coverage if an insurer provides the coverage for a TNC drivers vehicle through an endorsement.
Is there an age and licensing requirements to become a TNC driver?
Yes, New York State law requires that TNC drivers must be at least 19 years old and hold a valid and current New York State driver’s license issued by the New York State DMV.
Are there any requirements to become a TNC driver?
Yes, the New York State DMV requires that the TNC conduct a criminal history background check along with a review of the applicant’s driving record. TNC’s must also verify that the applicants vehicles are properly registered and inspected.
If you are a TNC driver or are thinking of becoming one and have questions regarding your insurance, please give us a call at (516) 249-5200 and one of our automobile specialist will be happy to assist you.
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