8 Things To Know About Umbrella Policies

8 Things To Know About Umbrella Policies

Many consumers are often confused or unsure whether or not to buy an umbrella insurance policy. You may be asking yourself, what is an umbrella policy and how will it cover me?

Well, look no further here are eight things that you should know about personal and commercial umbrella policies are:

1. A personal umbrella provides an additional layer of liability coverage above and beyond the liability limits in an auto and homeowner’s policy.

2. The personal umbrella policy is extremely undersold. The vast majority of people with personal exposures do not have an umbrella policy, when they really should.

3. Personal Umbrella policies are on of the most inexpensive coverage’s available.

4. An insured does not need to be a millionaire to have a $1million personal umbrella policy. You don’t need to own a home, be married or even have children. An umbrella policy is simply extra coverage to protect you.

5. Personal umbrella policies are not something most people buy; it is something they have to be told about. Most clients will not ask for an umbrella policy. The agent has to proactively educate the client and let them know what it is.

6. Personal Umbrella polices can be sold as a monoline policy, that means by itself. While Umbrellas are often tied to auto and home policies, there are companies that offer standalone umbrellas at a very reasonable price.

7. A commercial umbrella policy provides additional liability limits above and beyond the primary limits in commercial general liability and commercial auto policies.

8. One key issue with a commercial umbrella policy is whether it provides defense costs inside or outside the policy limits. In cases of large and sever claims, it is important to have defense outside the policy limits so that the policy limits are preserved to pay for the claim.

If you have any questions or would like to obtain a free quotation on a personal or commercial umbrella policy, give C.H. Edwards a call today at 516 -249-5200 or visit our website at www.chedwards.net and one of our umbrella specialist will be happy to assist you .

 

Your Car Accident and The Police

Your Car Accident and The Police

When you are involved in a Automobile accident, a million things could be running through your mind. No matter the size of the Car-Accident-minor-fenderaccident, filing a police report after a car accident is an important step when initiating the process. Filing this report will not only provide your insurance company with a foundation to handle the claim, but will ensure an accurate, detailed report that could possibly protect you from any further legal problems.

Getting a detailed and accurate report is the number one step in filing a police report. Having an accurate report can be one of the most important utensils when determining fault and who is financially responsible.

Even if it is just a small fender bender make sure an accident report is filed. On occasion there can be more physical and medical damage revealed later that is not always obvious at the scene of the accident.

policeBeing honest with the Police Officer will help the claims process go much easier. The more missing pieces to the story, the longer the process. After a car accident you can be really shaken up. Taking a deep breath and give a detailed description of what happened. This will only benefit you in the long run.

Filing a Police report does not mean you have to file a claim. Sometimes after a car accident both parties feel it would be better to handle the damages and expenses themselves. However, you should still report the accident to your insurance company for record purposes only! No matter how you decide to handle the damages, it is important to have this accident information on file.

Having an accident is frightening, but taking the correct steps when a mishap occurs will ensure a fast and steady claims process. C.H. Edwards, Inc. helps our clients with automobile accident claims. If you would like to receive a free auto quote, Monday through Friday from 8:30am to 4:30pm give us a call, and our Personal Lines Representative will be happy to assist you and answer all of your questions. Call us today or visit our website. (516) 249-5200 www.chedwards.net.

Written by: Amanda Haase

Five Ways To Cut the Cost of Your Homeowner’s Insurance

Five Ways To Cut the Cost of Your Homeowner’s Insurance

homeHaving a homeowner’s insurance policy is necessary when owning a home, but why over pay when you don’t truly have to? Homeowners insurance premiums have risen over the past several years almost double to triple the amount it used to be. If you are looking to cut your costs but not your coverage, see how these 5 tips could help put some more “jingle” in your pocket.

Raise Your Homeowner’s Insurance Deductible: Your deductible is the amount of risk you agree to accept before the insurance company starts paying on a claim. If you have a low deductible of $50 or $100, consider raising your deductible to $500 or $1,000. Raising this limit could save you up to 25% on your premium.

Combine Your Homeowner’s Insurance and Auto Insurance Policies: Having a package policy can save you 5% to 15% if you buy two policies at one time. Shop around and make sure that the coupler price for your Home and Auto is lower than buying the two polices from two separate agencies.

Make Sure you are Receiving All The Discounts You Are Eligible For: Discounts such as smoke detectors, deadbolt locks, security and fire alarms and fire extinguishers in the home can offer you a discount. As well as if you are 55 or older and retired, you may qualify for a 10% discount.

Don’t Buy Homeowners Coverage You Don’t Need: It makes no sense to buy coverage to protect yourself against risks and situations that you may never encounter. For example, buying earthquake coverage when you live in a non-earthquake zone or buying a personal articles floater when you do not own expensive jewelry.

Completing Updates To Your Home: Your home is your roofbiggest investment. Completing updates in your home such as, roofing, plumbing or heating can make you eligible for a discount.

Before you are renewing or even shopping for a homeowner’s policy, it is important to ask questions and review your coverages to ensure that you are properly covered. Call C.H. Edwards, Inc . and find out some of the many ways that we can help you save. Our Customer Service Representatives are happy to assist you Monday-Friday from 8:30am-4:30pm. Give us a call at (516) 249-5200 or visit our website at www.chedwards.net for more information.

Written by: Amanda Haaase

Identity Theft: Should You Carry It On Your Homeowners Policy?

Identity Theft: Should You Carry It On Your Homeowners Policy?

credit-card-fraud (1)If you are a Homeowner, and carry a Homeowners policy, you might be wondering whether or not it is worth it to endorse identity theft coverage onto your policy.

“What is identity theft?” “What is the chance of it happening to me?”

Identity theft is fraudulent acquisition and the use of a person’s private identifying information. Identity theft happens to over 15 million people in the United States every year. There is no doubt that you could be at risk of identity theft.

Before you decide whether or not to add identity theft onto your homeowners insurance, it is important to understand what the endorsement covers and does not cover.

Identity theft coverage will cover:

The expenses involved in repairing your credit and restoring your identity. This could include things such as lost wages, legal fees, any fees associated with reapplying loans and the cost of phone calls, postage and notarization during the credit-reparation process.

Identity theft coverage will NOT cover:

Any assets that were taken due to the identity theft. Identity theft will only cover the expenses related to restoring your credit. Theft from your bank account would be covered by your bank’s zero-liability policies, not from your identity coverage policy on your homeowners policy.identity_theft

Some homeowner’s policies already include identity coverage. In any case, it is important to check with your insurance company or agent to see if your current policy includes these benefits.

Even if your policy doesn’t, identity theft coverage can often be added for only $15-$60 per year.
If you have any questions regarding your homeowners policy and if you have identity theft coverage, give C.H. Edwards, Inc. a call. Our Personal Lines Representative will be able to find coverage that best fits your individual needs.

Visit our website at www.chedwards.net or call 516-249-5200.

Written by: Amanda Haase

Is Financial Planning one of your New Year’s Resolutions?  Don’t forget about your Insurance.

Is Financial Planning one of your New Year’s Resolutions? Don’t forget about your Insurance.

money and savingThe new year is upon us and we are still working on this year’s resolutions. Did you make Financial Planning part of your resolution this year? Insurance is an important piece of building a solid financial foundation because it helps to minimize your financial risks.

How much do you know about Insurance? This is a good time to learn more. Insurance can provide valuable protection from potential risks, for example if you need to replace your laptop if it’s stolen or if you are unable to work due to sudden injury. Both can be very expensive, but with the right insurance, they will not become a financial burden.

Depending on your personal situation, your insurance needs will vary. This year resolve to learn more about your insurance needs and how you can protect yourself and build a solid financial future.

How can Insurance help you?

Re-evaluating your existing coverage can save you money and in the future, ensure you are protected against any misfortune down the line. Understand your insurance and learn more about how much and what coverage you need.

Speaking with an agent to review your insurance is the way to get started. Don’t be afraid to ask your agent all of your questions. This is the best way to obtain the knowledge you require. A good agent will take the time to talk with you and answer all of your questions. If you feel uncomfortable or feel like you are being rushed, then maybe your current agent is not the right fit for your needs.

Here are some items that should be on your checklist to a successful financial future:

-How much are your belongings worth? Do you need Renters Insurance?money in jar

-Do you have a car? Are you carrying enough coverage, or the right coverage? In some cases, spending a little bit more initially can save you down the line. Maybe tailoring some of your other coverage will allow you what you need to make this decision.

-Think about your future. Will you have a student in college anytime soon? This may be another time in your life that you are vulnerable. There are solutions for many areas of student life. Is your family protected in the event that you become disabled? Have you considered if your families current quality of life would be affected when you can no longer be with them. Now is the time to consider Life and or Disability Insurance so that you will no longer need to worry about that.

-Is this the year you are looking to start that business you always dreamed of? Do you know what kind of insurance is required for a business? Will you be running your business from your home or renting a property? Be prepared.

Insurance can be intimidating, but it can also be a lifesaver in the event of a loss. Choosing the least expensive insurance can save you money now, but if the coverage is not adequate, those savings won’t matter if something were to happen. With insurance, value is more important than price.
piggy bankAn agent can tell you if you qualify for any discounts and assist you in getting the best possible coverage for your money.

The time you invest today, will save you in the future. In life, accidents happen. Don’t let one set back prevent you from reaching your goals this year. Help protect yourself and your money with insurance. Do your research and talk to an agent that will help you move forward.

If you are already a client of C.H. Edwards, Inc., please call us for an Insurance Review today. If you are receiving this and have been unable to acquire this information from your current agent, why not give us a call. Our website is available to you whenever you have the time at www.chedwards.net.
Our Customer Service Agents are available from 8:30 a.m.-4:30p.m, Monday through Friday at 516-249-5200. We can spend as much time as necessary to help you achieve your financial goals. Let our knowledgeable staff assist you today.

Have a Happy, Healthy and protected New Year!

Written by: Denise Visco

Time For The Season

Time For The Season

Yesterday morning began with trips down to the basement, scratching my head, and looking for boxes of Christmas decorations, which apparently, would be much easier to find if I just listened to my wife when putting things away.

The tree stand was to the right side of the room and the clear boxes of ornaments and tinsel was on the left. The wife brought up the Christmas stockings and the Garlands. We found the white icicle lights that hang in our windows; we found the Santa decorations that go in the bathroom and on the other shelves throughout the house. We found the small white Christmas tree that stands in my daughter’s bedroom window; we found all of the little figurines that we place around the white tree in our own version of a miniature, winter wonderland.

Then, of course, out comes the white Menorah with electric blue lights. This decoration is out of respect for the religion I was raised with. These decorations sit on one of the shelves in my daughter’s room, along with cottony-white pillows of fake snow, blue and red Dreidel lights that string above her bed (A Dreidel is that four-sided top that we spin around on the floor) and next to the white Menorah, which stands on puffs of pretend snow on the shelf next to her bed, there is a small white snowman with tiny lights that shine inside of its crystal-like belly. Its eyes and a mouth made of coal; it has twig arms and a pointy orange carrot for a nose.HOLIDAY DECORATING

We cleared the shelving and the cabinets in the living room. We moved the necessary furniture to accommodate the Christmas tree—which is not always an easy setup. The tree stands on occupied real estate. By occupied real estate, I mean this is where my bird lives for the other 49 weeks of the year.

Oscar the Bird and his cage move from one side of the room to the other. His move is only five or six paces away from his usual spot, but he doesn’t like this. He Squawks and tries to snap at my fingers as I roll his cage to its temporary position.

Eventually, he calms down. I give him a treat or something to sink his large beak into, and with some hesitation, Oscar usually accepts the trade.

We buy our Christmas tree in the parking lot across from the East Meadow Fire Department on East Meadow Avenue. Each year, the firemen and women sell trees and wreaths to raise money for the firehouse. I feel it is my obligation to buy our tree and wreath from them. I feel it is my responsibility as a member of the community to thank them for their service while intentionally overpaying for an underpriced tree.

The tree is good. It smells from pine needles and the color is truly green and vibrant. I learned my lesson, so this year I made sure not to buy a tree that was too big for my home. This MENORA AND DREDIELyear’s tree is not too big or small. It is not too fat or too thin. This tree is just right.

After the normal frustration that comes with the beginning stages of preparing the house; the tree went into its stand, and I began to ravel the branches with green wires that hold clear lights. I made several passes around, working from the inside out, and weaving the string of lights around until the soft lighting warmed the tree with a holiday spirit.

Slowly, the house transformed into the Christmas spirit. The wreath was placed on the front door and the stockings were hung on the banister of our staircase. Everyone has their own stocking—even Roxxy the Dog who passed away.

We put on the movie, “Elf,” because it is a seasonal favorite in my house. My wife and I continued to decorate. My daughter helped, and occasionally, the two of them would shout out their favorite quotes from their favorite holiday movie.

As night fell, the decorating was nearly complete. The heartwarming lights gleamed as we placed the star on top of the Christmas tree. To complete it, my daughter placed the silver tinsel around the branches. One by one, she carefully hung the ornaments as the dogs sat nearby and watched us change the room into something magnificent.

We were all tired by the end of the night. We went to bed with Christmas lights still gleaming. The house was warm and all was well.

At last, the Holiday Season has begun . . .

Written by Ben Kimmel, The Written Addiction www.thewrittenaddiction.com

What Does Thanksgiving Mean To You?

As Thanksgiving rapidly approaches, we tend to get caught up in the preparations of the meal, watching of parades and sporting events and spending time with family and friends. For some, the planning and strategizing for shopping the sales of Black Friday and Cyber Monday consume our thoughts. Have we forgotten the real reason we celebrate Thanksgiving?

The first Thanksgiving was celebrated as a way for the Pilgrims to give thanks for the opportunity to begin a life in the New World. To get to this day, many survived illness and the restriction of freedoms that we now take for granted.

Thanksgiving is the one day a year set aside to give thanks. So what are you thankful for? This is a question that for many can bring about a storm of emotion. This question means something different to everyone.

In recent years, I made a choice to include my closest friends at my family table because close friends are as important to me as family. I am thankful for the opportunity to make this possible.

Thanksgiving is a time of reflection for me. I think of those no longer with me to celebrate the holidays and the memories of years gone by. I am thankful for my husband whose love and support I could not live without, my children who teach me what the meaning of love is every day, my family that remind me of where I started and how far we have come, my friends who support me in good times and difficult times and for the opportunities that I have been afforded to make this life one that I am proud of and happy to share with the people I care about.

However you decide to celebrate this year, I urge you to take time to remember why it is that we celebrate this day and to make thankfulness a part of each day not just Thanksgiving. In this fast paced world that we live in, it is too easy to forget to take time to slow down and remember just how we got here.

The Management and Staff of C.H. Edwards, Inc. would like to extend our best wishes for a very Happy Thanksgiving filled with the opportunity to make memories with those you cherish the most!

Written by: Denise Visco

It’s Hunting Season on Long Island. Are you prepared?

It’s Hunting Season on Long Island. Are you prepared?

As the weather gets colder, many hunters on Long Island are searching for property on which to hunt. At the same time, landowners are asking themselves, should they allow hunters access to their land.

If you are a landowner and plan on allowing hunting access on your property, it is essential to know the importance of obtaining a Hunting lease.

A typical hunting lease will draw up the following agreement terms:

  • Whether or not the hunter will pay a fee or exchange a service in exchange for the use of land
  • What time of day is the hunter permitted to use the land
  • What section of the property is the hunter allowed to use
  • Whether the hunter is allowed to bring along friends and family to hunt
  • If there are any restrictions regarding firearms or bows that may be used on the property
  • Whether or not the hunter may use a tree standwhite-tail-deer

All agreements that are shown on a hunting lease are valuable things to have down in writing. Not only is it protecting the landowner, but the hunter as well.

In addition to obtaining a hunting lease it is important to know what the hunter’s intensions are after killing an animal. Make sure that the hunter is not killing “just to kill” but will use the animal for some means of use. (Not that they leave the animal on your property) Maintain a good relationship with the hunters using your land. It is best to communicate and be aware of the activities going on, on your property during hunting season.

Protect yourself and your land this hunting season. Review your Homeowners and property coverage with your insurance agent to find out what is covered in case of a mishap. If you are not satisfied with your current insurance coverage, call C.H. Edwards, Inc. and our personal lines representative will be happy to help find you coverage that fits you.

Written by: Amanda Haase

Nick Jonas is Back In Action!

Nick Jonas is Back In Action!

The youngest Jonas Brother is back in action and just released his second solo album. Nick Jonas is reinventing both his look and sound on this album. Two of his singles are already released and titled “Chains” and “Jealous”. This album is considered to be  more polished, slowed-down, and sensual version of the pop he’s used to making. “Chains” is a slow song that still has an infectiousandra and nick jonass hook as its centerpiece. “Jealous,” the second single from the album, recently reached No. 27 on Billboard’s Hot 100 singles chart.

Nick Jonas rocked the stage at the Gramercy Theatre on November 4th as a part of his solo tour. He sang songs from his new album along with his previous album. The whole crowd sang a long to every song he sang. I was lucky enough to be in the crowd. After the show, I then attended the post show toast. I got the chance to meet Nick and talk to him for a few minutes. He was extremely friendly and interacted with all his fans.

Written by: Sandra Costanzo

 

Get The Inside Scoop on Taylor Swifts New Album!

Get The Inside Scoop on Taylor Swifts New Album!

Good news for all Taylor Swift fans!!! The wait is finally over and her new album is finally here! Taylor is set to release her 5th album on October 27, 2014. The album is titled 1989 after her birth year. So far, two songs have been released. One of the released songs is her new single Shake It Off and the second song is titled Out Of The Woods. Both these songs have already made it to the top of the Billboard Hot 100 chart in the short time that theTAYLOR-SWIFTy have been released. This album is in collaboration with producers Max Martin and Shellback and is considered to be her first documented pop album. Along with her other albums, Taylor is completely hands on with the making of her albums and either completely writes her songs or co writes them. During an interview with Rolling Stone, Swift mentioned that one of the songs on the album was taken “straight from the pages of my journal”. Taylor is an artist that writes from personal experience and relates to many different audiences. Her unique style can go from a slow acoustic song to a song that the whole crowd will be singing and dancing to at one of her concerts. This album has a 90s pop feel and is sure to have anyone dancing around. This definitely is not an album to miss!

Written by: Sandra Costanzo