Life and Umbrella Insurance Coverage In New York

Don't put your wedding at risk with inadequate insurance coverage. You've compared venue reviews, ordered the wedding cake, gone over your wishes with the photographer, and picked out the bridesmaids' dresses. You're well on your way to walking down that aisle in the wedding of your dreams, but what would happen if something went wrong? What if the photographer was a no-show? Or the weather kept guests from attending? Or, if there were a theft in the reception hall? You have enough to think about leading up to your big day; leave the what-ifs to the trusted agents at Hamlin, Robert & Ridgeway, Ltd. We work with couples who are planning a variety of events. We compare insurance coverage options for you, shopping around until we find the policy that fits with your wedding plans and budget.

58% Of Wedding Insurance Claims Involve The Photographer

Vendor issues are the number one reason for filing a wedding insurance claim. In general, this type of event insurance falls into two categories:

• Wedding Event Cancellation and/or Postponement
• Wedding Liability

Cancellation and postponement insurance protects your investment up to the day, covering issues like lost deposits. Liability insurance protects against financial liability that could stem from having your wedding at a particular venue, and almost all venues require this type of insurance.

Most People Buy Wedding Insurance 7-12 Months Before The Big Day

Couples and their parents can purchase wedding insurance at any point during the planning process, even as far in advance as two years before the big day. A good rule of thumb is to look into your insurance options as soon as you get the ring, and plan on purchasing a policy when the first venue or vendor is booked. We want to help make your wedding a dream-come-true by giving you peace of mind.

We understand that life insurance is not an easy topic to discuss. However, having the right plan in place is invaluable. Hamlin, Robert & Ridgeway, Ltd. will be here to explain your life insurance options and provide you and your family with peace of mind. Located in Albany, we're positioned to serve the entire state of New York, as well as the Tri-State area.

Life insurance can provide a wide variety of benefits. From helping pay off funeral costs and relieving debt to financing educational costs, each life insurance policy is unique. Don't make the mistake of assuming you do not need life insurance, or that the basic coverage offered through your employer will sufficiently cover your needs. Your life insurance needs will depend on a variety of factors, including your income, health, age, and much more. In order to make sure you are getting the right policy for your requirements, the dedicated agents of Hamlin, Robert & Ridgeway, Ltd. will work closely with you to get to know you and your family. Based on these guidelines, we will then compare rates and policies from multiple insurance carriers in order to find the one that makes the most sense for you.

Peace of Mind Is Priceless

There are advantages and disadvantages of each policy. For more details about what is included in our policies, contact your local Hamlin, Robert & Ridgeway, Ltd. agent. Generally speaking, the two main types of life insurance are:

• Term Life – This tends to be the more affordable option, however it has an expiration date. These rates are flexible, and there is no equity or cash value of the policy.
• Whole Life – This is a permanent plan that builds equity and a cash value over time. Whole life insurance tends to have higher premiums than term.

In addition to these standard options, there are also combined life insurance options that grow with you, helping you save money now and allow you to switch to a permanent policy later. Our dedicated agents are more than happy to explain these details with you and your family.

Liability means that you're legally and financially responsible for an accident, event, or damages. Even if you think you have adequate liability limits on your existing insurance policies, there's still a chance that an incident will have excess costs, leaving you responsible for the difference. The agents at Hamlin, Robert & Ridgeway, Ltd. can get you the extra coverage that will leave you feeling protected.

Umbrella Insurance Covers You When Your Liability Insurance Reaches its Limits

For example, let's say a neighbor's child is injured in your backyard. The child's injuries require long-term care and it's your legal responsibility to pay $1.2 million in damages, but your homeowner's insurance only covers up to $300,000. If you have an umbrella policy, it takes care of the rest. If not, you're still responsible for $900,000. Here at Hamlin, Robert & Ridgeway, Ltd., we care about having every client covered with adequate protection. We work with clients across the Tri-state area to ensure they have the best policies and extra protection options that give them peace of mind.

Personal Liability Umbrella Insurance is Available for all of Your Assets

Every homeowners, renters, and auto insurance policy comes with built-in liability protection, but that coverage is often basic – and the more affordable the premiums, the lower the liability limits. Umbrella insurance and extra liability protection are surprisingly affordable options that boost your existing coverage. So what does umbrella insurance cover, exactly? In general, a basic umbrella policy includes:

• Bodily Injury Liability
• Property Damage Liability
• Costs Related to Medical Bills & Liability Claims
• Damages Done By Pets or Children to Other People's Property

Basic Coverage Isn't Always Enough

Umbrella insurance also covers other aspects that basic policies won't cover, including accusations of:

• Libel
• Slander
• False arrest or Imprisonment