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Twin Bridges Insurance Agency

1881 Western Avenue, Suite 210
Albany, NY 12203

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Monthly Archives: July 2022

I Have A Home Warranty. Do I Still Need Home Insurance?

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There are a lot of things to consider when you are deciding whether or not to buy home insurance. People often wonder whether or not they need home insurance if they have a home warranty. This blog post will explore the pros and cons of having both policies and help you decide which one is right for you.

What Does a Home Warranty Cover?

A home warranty is a service contract that covers the repair or replacement of major home systems and appliances. The most common things covered by a home warranty are the HVAC system, plumbing, electrical, water heater, and major appliances. Home warranties typically do not cover things like cosmetic damage or structural issues.

What Does Home Insurance Cover?

On the other hand, home insurance covers your home and belongings in the event of damage or theft. Home insurance also covers you if someone is injured while on your property. Unlike a home warranty, home insurance does not have a deductible covering cosmetic damage and structural issues.

Do You Still Need Home Insurance?

Now that you know what each policy covers, you may wonder if you need both. The answer to this question depends on a few factors. First, you should consider the value of your home and belongings. If your home in Albany, NY is worth a lot of money, it’s probably worth insuring.

Second, you should consider whether you can afford to pay for repairs out of pocket. A home warranty may not be enough if you can’t afford to pay for major repairs.

Finally, you should consider the risk of damage or theft in your area of Albany, NY. If your home is located in an area with a high crime rate, you may want to consider getting home insurance from a top-tier company such as NY Twin Bridges Insurance Agency.

Conclusion

There is no right or wrong answer regarding whether or not you should have home insurance if you have a home warranty. It ultimately depends on your individual circumstances. If you’re still unsure, call us at NY Twin Bridges Insurance Agency. We’ll be happy to help you figure out what’s best for you.

What Are the Different Types of Auto Insurance Fraud?

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Auto insurance fraud is a massive problem in the United States. It costs drivers billions of dollars annually and is responsible for increasing premiums for all drivers. Fraud can take many forms, from filing false claims to staging accidents. This article will discuss the different types of auto insurance fraud and how to protect yourself from becoming a victim.

1. False Claims

This is the most common type of auto insurance fraud. It occurs when someone files a claim for an accident or damage that didn’t happen. This can be difficult to catch, but there are some things you can look for. For example, if the damage doesn’t match the description of the accident, or if there are no witnesses to corroborate the story, it may be a false claim.

2. Staged Accidents

This type of fraud occurs when two or more people plan and execute an accident. This is usually done to file false insurance claims. The damage from the accident may be exaggerated or completely fabricated. Staged accidents can be dangerous, so it’s important to be aware of them.

3. Ghost Brokers

Ghost brokers are people who sell fake or fraudulent insurance policies. These policies often don’t provide the coverage they promise, and the customer may not find out until it’s too late. If you’re considering buying insurance from someone other than a licensed agent, get it from a professional company like NY Twin Bridges Insurance Agency in Albany, NY.

Conclusion

Auto insurance fraud is a severe problem in the United States. If you’re not careful, you could become a victim of fraud. Be sure to purchase your insurance from a licensed agent and be aware of the different types of fraud to protect yourself. At NY Twin Bridges Insurance Agency, we can help you get the coverage you need at a price you can afford. Contact us today for a free quote.