What Should I Do If My Boat Is Damaged In A Storm?

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If you’re a boat owner, you know that storms can be a huge danger to your vessel. High winds and waves can cause serious damage, and if you’re not prepared, you could end up with a wrecked boat on your hands. Walker and Associates Insurance Agencies Inc in Fillmore, NY can provide expert insurance advice to navigate such situations.

Here are some steps to take if your boat is damaged in a storm:

Assess the Damage

The first thing you should do is assess the damage. If the boat is still afloat, you’ll want to look at the hull and see if there are any cracks or holes. If the boat is sunk, you’ll need to focus on salvage and recovery. Either way, it’s important to document the damage with photos and/or video.

Contact Your Insurance Company

Once you’ve assessed the damage, the next step is to contact your insurance company. You’ll need to file a claim and provide them with all of the documentation that you have. A reputable agency such as Walker and Associates Insurance Agencies Inc. will send an adjuster fast to assess the damage and determine how much they are willing to pay.

If you have comprehensive coverage, your insurance company will likely cover the cost of repairs. However, if you only have liability coverage, then they may only cover the cost of salvage and recovery. Either way, it’s important to get in touch with your insurance company as soon as possible so that you can start the claims process.

Make the Repairs

If your insurance company is going to cover the cost of repairs, then you’ll need to find a reputable boat repair shop. They’ll be able to fix the damage and get your boat back in working order.

However, if your insurance company is only going to cover the cost of salvage and recovery, then you’ll need to find a reputable salvage company. They’ll be able to retrieve your boat and bring it back to shore.

Contact Us Today

If you’re unfortunate enough to have your boat damaged in a storm, there are a few things you can do to minimize the damage. First, contact your insurance agent and let them know what happened. They’ll be able to help you file a claim and get the repairs started. Get in touch with Walker and Associates Insurance Agencies Inc in Fillmore, NY for all your insurance needs.

What Does Umbrella Insurance Cover?

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Umbrella insurance will help protect you from financial loss if your main insurance policy does not cover a certain risk. It only covers the items listed in the contract of a specific insurance policy. If living in the greater Fillmore, NY community, reach out to Walker and Associates Insurance Agencies Inc. for any insurance-related inquiries.

Know More about Umbrella Insurance 

Umbrella insurance can protect you against a range of unfortunate events that might otherwise cause you financial hardship. It may cover loss of income because of sickness, injury, or accident; loss of assets due to natural disasters like floods, earthquakes, or hurricanes; or even the cost of hiring a replacement in the event that a major expense like the mortgage or rent comes due. 

Some policies may even provide a lump sum payment to help you get back on your feet. Any risk that cannot be completely mitigated by another form of insurance, such as a large expense that would normally require a lot of cash on hand, may be covered by an umbrella policy. This may include the cost of major repairs to your home, medical expenses that exceed a certain amount, or the cost of replacing your car in the event of an accident. 

Some umbrella policies also offer coverage for lost wages if you are unable to work due to an accident, as well as legal expenses if you find yourself in a dispute with a contractor or a supplier. Some protect you financially if something bad happens like a fire or an injury. Other types of insurance protect you from a situation like losing your job or having a medical condition.

Umbrella insurance can help cover the medical expenses of individuals who were injured or became sick due to contaminated food, workplace hazards, or any other unforeseen event. It can also be helpful for covering the financial burden of an employee who becomes seriously ill or injured. This type of insurance is commonly referred to as “secondary” because it is not meant to replace the need for “primary” health insurance. It can be pricey, so it’s important to choose a policy that offers a large enough benefit and low enough cost to be affordable. 

Contact Us Today

Umbrella policies come in many forms and can be purchased either as a stand-alone policy or as a rider on a commercial insurance policy. The insurance covers your liability if you exhaust your main cover. It can help protect you from expensive lawsuits by providing a financial safety net in the case that an employee sues you. To learn more about your insurance options, give us a call today at Walker and Associates Insurance Agencies Inc. in Fillmore, NY.

Do you need more insurance for a more expensive car?

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The Walker and Associates Insurance Agencies Inc team is proud to provide insurance services for the entire Fillmore, NY community. We are dedicated to our clients, and would welcome the opportunity to work with you too!

Different factors affecting necessary levels of insurance 

Auto insurance serves many purposes, with liability protection, medical expense coverage, and collision coverage. The first two aspects are not really affected by the value of the vehicle. The amount of protection that people opt for when it comes to liability and medical expense policy levels, is generally determined by other factors.

In the instance of collision coverage, the value of the vehicle being protected is of primary concern. This coverage protects against damage to other vehicles and the policyholders in the event of an accident. This means that determining the amount of coverage necessary will need to consider more than one aspect.

A quick conversation with a local agent when selecting an auto policy can clarify the amount of protection that is necessary. In all likelihood, the policies under consideration will provide a range of coverage, up to a certain amount. Factoring in the value of the vehicle that is being insured could affect the level of coverage that is most appropriate.

Auto insurance should also be reviewed on a regular basis because of the possible changes in the policyholder’s situation and coverage needs. Like most other insurances, policy needs can change over time.

Contact our office today!

Fillmore, NY area residents can rely on Walker and Associates Insurance Agencies Inc for all of their insurance needs. When it comes to insurance, we are here to help! Reach out to our office today, and find out more about the auto policy options that are available in our area.

How commercial insurance can save a small business

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Owning a business of any size is risky, but small businesses are particularly vulnerable to a variety of different hazards. Being able to survive something going wrong can really depend a lot on whether or not you have the right commercial insurance to protect your small business. At Walker and Associates Insurance Agencies Inc in Fillmore, NY we work with our customers to customize a commercial policy that fits their business. 

How commercial insurance can save a small business

When a covered hazard hits your business location, whether you own it or rent it, you need to have the ability to do business. It doesn’t matter if you are a small factory owner or an electrician, you need what it takes to operate. This can be your tools,  machines, office equipment, raw materials, and inventory. If you own the building that is covered, even if you rent, you need what you use. You could lose your business without commercial property insurance. 

One of the biggest dangers to small businesses is being sued. Small businesses are easy targets for legal actions and about a third of all businesses are sued every year. With commercial liability insurance, you will be able to pay a judgment against your business and have the money to pay for legal representation. If you don’t have commercial liability insurance you might not have enough money to survive a lawsuit. 

When something happens to your business, that means that you won’t be able to do business for a time, you may not have enough savings to be able to survive with no income coming in. Just because your income goes away, your bills don’t stop coming in. With business interruption insurance, you will be able to meet your obligations if your hazard is covered. 

Contact Walker and Associates Insurance Agencies Inc in Fillmore, NY when you need to discuss your small business insurance. 

Personalize Your Home insurance

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Home insurance isn’t just one type of insurance. It protects the structure of your home, your content, your assets and provides you with a place to stay if your home is damaged or destroyed. How much insurance you require for each of these areas is what your well-trained insurance agents help you determine. In Fillmore NY, you can count on  Walker and Associates Insurance Agencies Inc to help you to personalize your home insurance. 

What type of content coverage should I have? 

There are two types of content coverage:

  • Replacement cost
  • Actual value

Replacement cost is the amount that it would cost you today to replace anything that you have lost. If it is a 10-year-old stove, you get the money you need to buy the equivalent at today’s cost. 

With actual value, you would get the amount that a 10-year-old stove is worth today, so not enough to replace it with a new one. 

Only you can decide which type makes sense to you. 

What things raise your liability risk?

These days, everyone worries about being sued. Not only the actual suit but getting legal representation can be very expensive. When you own a home you have lots of risks, but there are certain things that increase your risk. One of them is getting a dog. Some dogs are considered such a high risk that insurance companies won’t cover them. If you are adding a new pet, check with your home insurance to make sure you have coverage. Another is getting a trampoline. Every year they cause lots of injuries. If your kids must have one, raise your liability coverage to protect your assets. 

Contact Walker and Associates Insurance Agencies Inc in Fillmore NY when you are looking for an independent insurance agency to help you protect your home.