fbpx

WHAT’S HAPPENING

News and Information

NEWS AND INFORMATION

Renters Insurance—Necessity or Choice?

Renters Insurance—Necessity or Choice?

Renters insurance isn’t usually required, but it’s a logical choice. And some landlords arrange leases so the decision is already made. Can landlords force tenants to have renters insurance? Many individuals feel it should be the tenant’s prerogative if they want to pay for premiums or not, especially if the landlord has property coverage. After […]
Millennials Face the Biggest Life Insurance Challenge

Why Many Millennials Don’t Buy Life Insurance

Millennials have immense spending power, but they don’t tend to use it on life insurance policies This year saw Millennials overtake the Baby Boomer generation to become the largest age demographic in America. Numbering just over 70 million at the last U.S. Census Bureau estimate, Millennials are projected to have a spending power of $1.4 […]
Uncovering Unclaimed Life Insurance nicrisinsurance.com

Uncovering Unclaimed Life Insurance

Learn why billions in life insurance benefits are slipping through the cracks and how to track them down. At NICRIS, we’re concerned with the number of people who don’t have life insurance in place. But what may be more worrisome is when they do have it, but the benefits aren’t collected. When the money due […]
GEICO’s Email to New York Auto Policyholders on Proposed Legislation nicrisinsurance.com

GEICO’s Email to New York Auto Policyholders on Proposed Legislation

What state bills have GEICO so concerned, and what could they mean for New Yorkers? GEICO wasn’t happy with some proposed legislation last June. The insurance giant sent a statistics-filled email to its New York auto policy customers warning them of potentially expensive changes thanks to State Assembly Bills A5629B and A5623A and their companion […]
The Best Ways to Save on Home Insurance on nicrisinsurance.com

The Best Ways to Save on Home Insurance

Your go-to guide for making home insurance premiums as light as they can be Buying a home is expensive, and maintaining it can mean a lifelong investment. There are plenty of things one owner may deem essential that others may skip, but the universal constant is the need for homeowners insurance. Cutting corners on this […]
Will Hybrid Policies Close the Life Insurance Coverage Gap? on nicrisinsurance.com

Will Hybrid Policies Close the Life Insurance Coverage Gap?

Many Americans have no life insurance. A new, hybridized approach to long-term care is helping to attract new policyholders. 2019 saw 43% of Americans without life insurance, up from 41% in 2018. Expense is the number one reason, followed by perceived complications in the application process. But with global concern on the rise about COVID-19 […]
Drive Less, Save More on nicrisinsurance.com Insurance in New York? on

Drive Less, Save More on Insurance in New York?

Parting Americans from cars isn’t easy. But coronavirus and politics are forcing some separation. Here’s the silver lining, and why driving less may save money. Here at NICRIS, we’re aware of the massive impact COVID-19 has had on America and New York’s day-to-day life. One of the most visible effects of quarantines, lockdowns, and business […]
What's the Deal with Defensive Driving? on nicrisinsurance.com

What’s the Deal with Defensive Driving?

Defensive driving can be a foggy term. But the more drivers understand it, the easier it is to become a better insurance prospect. “Getting defensive” on the road may conjure images of drivers under attack. In many ways, they are, but the term doesn’t refer to people losing their cool and yelling across lanes. Defensive […]
Helpful Insurance Hints for First-Time Homebuyers on nicrisinsurance.com

Helpful Insurance Hints for First-Time Homebuyers

Your first home is a big step, financially and personally. Learn how homeowners insurance can protect you in both of those categories. 2020 was set to be a big year for homebuyers, as more millennials stepped onto the property ladder for the first time. It was also projected to possibly be a tough year even […]
How Insurers are Handling Coronavirus Chaos on nicrisinsurance.com

How Insurers are Handling Coronavirus Chaos

COVID-19 has impacted every business sector, and insurance is not immune. Here’s how the industry is reacting and how the pandemic is affecting policies. The world is running to catch up with the coronavirus pandemic, and in the U.S., the virus has hit New York the hardest. As of March 24, our state accounted for […]
Does Better Car Safety Tech Mean Higher Insurance Rates? on nicrisinsurance.com

Does Better Car Safety Tech Mean Higher Insurance Rates?

Safeguarding a home makes insurers more likely to reduce your insurance premiums. Lowering vehicle risk should do the same, but there’s more going on. A lot of things come as options on a vehicle, but basic safety isn’t one of them. Working seatbelts, headlights, door locks, and an alarm were once the four basic building […]
How Cohabitation Affects Life Insurance on nicrisinsurance.com

How Cohabitation Affects Life Insurance

More and more people are choosing cohabitation as an alternative to traditional marriage. How do these multiple partnership models impact life insurance? Marriage is falling out of fashion in America as an increasing number of people choose simply to live together with their partner. U.S. census data reveals the dramatic decrease in marriage rates over […]
Back to the Future: Retrofitted Vehicles for a Safer Drive on nicrisinsurance.com

Back to the Future: Retrofitted Vehicles for a Safer Drive

Tech-assisted road safety isn’t just a new-car perk. Older models can retrofit devices that can make for a safer trip and potentially lower insurance premiums. Advanced Driver Assistance Systems (ADAS) are a blanket term for all those smart tech bells and whistles designed to make driving a safer experience. ADAS assist drivers with traffic information, […]
Advice for New York First-Time Home Buyers on nicrisinsurance.com

Advice for New York First-Time Home Buyers

It’s one of the most important times in a person’s life. It can also be a pit of problems without proper preparation and foresight. Thinking of buying your first home in 2020? A forecasted 5.46 million people will be doing the same across the country, but real estate insiders predict a tough year ahead for […]
Rounding up NY's Biggest Insurance Problems on nicrisinsurance.com

Rounding up NY’s Biggest Insurance Problems

From distracted driving to health concerns, New York has plenty of insurance-based hills to climb. Here’s what they are and how they’re being handled. As 2019 ended, New York was making headlines on the insurance map. Revolutionary steps were taken toward tackling the health insurance gap in New York City while dangerous driving habits continued […]
What Do Rising National Homeowners Insurance Rates Mean for New York? on nicrisinsurance.com

What Do Rising National Homeowners Insurance Rates Mean for New York?

National rates may be rising, but premiums are still partly dictated by individual state circumstances. Here’s why New York policyholders should pay attention. New Yorkers are faring a little better on homeowner’s insurance costs than we do for auto rates. We managed to stay out of the top 10 most expensive home insurance states in […]
Redefining New York's Flood Zones on nicrisinsurance.com

Redefining New York’s Flood Zones

Inch by inch, New York’s waters are rising. It’s forcing the region and insurers to redefine the areas at risk. New York is bracing for a future where floods may be more common. New York City, for example, has 520 miles of waterfront and contains many low-lying neighborhoods, two facts which make it a sitting […]
Why Auto Insurance is Breaking the Bank in Brooklyn on nicrisinsurance.com

Why Auto Insurance is Breaking the Bank in Brooklyn

Brooklyn residents are paying far above the national average for auto insurance. Here’s a closer look at the reasons why. Brooklyn is hitting a lot of highs, but they’re heights the residents would rather avoid. New York itself has the most expensive auto rates of 47 states with insurance costs rising 7.9 percent since 2018. […]
A Guide to Understanding Umbrella Insurance on nicrisinsurance.com

A Guide to Understanding Umbrella Insurance

This excellent protection offers broad coverage, but it’s not a catch-all for every insurance need. Learn what’s safe from a rainy day and what needs its own protection. In many ways, umbrella insurance is “insurance for insurance.” Its purpose is to kick into action when the limits of a policyholder’s primary coverage have been exhausted. […]
NYC Care: Is New York City Building a Foundation for Free Healthcare? on

NYC Care: Is New York City Building a Foundation for Free Healthcare?

All 5 boroughs will implement NYC Care by 2020, with the Bronx at the front of the line. What might this mean for health insurance?
Rethinking Renters Insurance: Why It’s a Good Idea on nicrisinsurance.com

Rethinking Renters Insurance: Why It’s a Good Idea

From assuming someone else will cover you to thinking your possessions aren't worth enough to protect, New Yorkers pass on renters insurance for several ill-considered reasons New York is a renters’ state, and so is our most famous city
How Disabilities Impact the Search for Life Insurance on nicrisinsurance.com

How Disabilities Impact the Search for Life Insurance

Disabilities can mean much higher premiums, but there are options offering tailored coverage which may be a better fit. There are several reasons why 43 percent of people have no form of life insurance. Some write it off as too expensive, too complicated, or currently unnecessary. Another reason is disability. This leads some to think […]
How Technology May Dictate Tomorrow’s Life Insurance on nicrisinsurance

How Technology May Dictate Tomorrow’s Life Insurance

Some say technology is the perfect partner for life insurers, providing the data needed for more specialized coverage. Others feel it may be a step too far in deciding how policies are managed. Technology is becoming part of the future of life insurance as much as it has in our everyday lives. Insurers have access […]
Why Having Lfe Insurance is the Only Choice that Makes Sense on nicrisinsurance.com

Why Having Life Insurance is the Only Choice that Makes Sense

Millions of Americans are still without life insurance despite their affordability and availability. Here’s the flawed logic in that risky decision Ask any American if they like the idea of their funeral being a messy financial affair and we bet very few of them would. Ask if they’re troubled by the idea of family or […]
Policyholders Must Prepare to Pay Bills During Insurance Elimination Periods on nicrisinsurance.com

Policyholders Must Prepare to Pay Bills During Insurance Elimination Periods

It’s good to have a disability or long-term care insurance in place as a safeguard against accidents, illnesses, and injuries—but how do policyholders pay bills in the period before protection kicks in? You’ve got a great insurance policy. You’ve never missed a payment. Then, something happens, and it becomes necessary to use your coverage. But […]
Explaining How Riders and Floaters Contribute to Insurance Coverage on nicrisinsurance.com

Explaining How Riders and Floaters Contribute to Insurance Coverage

Many policyholders don’t use or even understand insurance floaters and riders. Here’s what they do and how they can add an extra layer of protection. Understanding insurance can be a confusing challenge for many people. Absolute certainty on what’s covered, what isn’t, and how factors like age, marital status, and location affect our premiums isn’t […]
A Step by Step Guide to Properly Filing Your Insurance Claim on nicrisinsurance.com

A Step by Step Guide to Properly Filing Your Insurance Claim

Completing an insurance claim can be a stressful first step in a bad situation. Learn the best ways to provide information and keep a cool head. There are obvious differences between homes, cars, and human bodies. But there are also golden rules which apply to making insurance claims on each. Here are some best practices […]
How Protecting Your Home Can Lower Insurance Rates on nicrisinsurance.com

How Protecting Your Home Can Lower Insurance Rates

The more steps you take to secure your home, the more favorably you’ll be looked upon by your insurer. Learn the common ways to guard your property and boost the chance of a reduction. Security is a differentiator when it comes to home insurance. Premiums are in large part calculated based on the risk factors […]
Many Factors Contribute to the “High-Risk” Driver Label on nicrisinsurance.com

Many Factors Contribute to the “High-Risk” Driver Label

Sometimes, it’s the policy holder’s fault; sometimes, it can’t be helped. What defines a high-risk driver and what can be done to mitigate the label’s impact? A lot can go wrong on the road, and drivers who don’t limit their risk are a big part of the problem. Many drivers are guilty of deliberately ignoring […]
How Fire Insurance Applies to Homeowners, Renters, Landlords, and Businesses on nicrisinsurance.com

How Fire Insurance Applies to Homeowners, Renters, Landlords, and Businesses

There were over 27,000 structural fires in NYC in 2018. It’s important to know how insurance can help if it happens to you. Data from the U.S. Fire Administration shows that New York is above the average when it comes to incidents of structural and residential fires. Aside from the massive amounts of damage which […]
Premium Rates May Rise—But This Doesn’t Change Risk for NY Homeowners on nicrisinsurance.com

Premium Rates May Rise—But This Doesn’t Change Risk for NY Homeowners

Home insurance rates have increased, and New York is among the Top 20 most expensive states for it. Here’s why home insurance is always a good idea regardless of rate highs or lows. New York homeowners may decide the cost of living is high enough and that home insurance is one bill too many. It’s […]
What Being a No-Fault State Really Means for New York Drivers on nicrisinsurance.com

What Being a No-Fault State Really Means for New York Drivers

Your own insurance company pays for the cost of injuries in a no-fault state—even when you didn’t cause the accident With the exceptions of Virginia and New Hampshire, there isn’t any place in our country where you can legally drive without some form of vehicle insurance. Even so, it’s estimated that about 13 percent of […]
Insurance Tips for New York Landlords on nicrisinsurance.com

Insurance Tips for New York Landlords

Learn where insurance draws the line between a landlord’s responsibility and what the tenant must do for themselves. Being a New York landlord means taking on a host of potential problems, most of which can be guarded against by the right insurance coverage. It’s a huge responsibility which directly links the landlord to the wellbeing […]
Is It Ever Too Early for Life Insurance? on nicrisinsurance.com

Is It Ever Too Early for Life Insurance?

The earlier you take out life insurance, the more you could save. In this post, we’ll show you why getting life insurance at a young age will pay off in the future. Good timing plays a large part in getting the most from insurance. Our previous blog was for anyone concerned that they’ve waited too […]
Ridesharing is on the Rise, but Is It More Dangerous Driving? on nicrisinsurance.com

Ridesharing is on the Rise, but Is It More Dangerous Driving?

Many New Yorkers have decided to use their car for commercial ridesharing purposes. Here are the key things to be aware of on how it affects auto insurance. A growing number of New Yorkers are choosing to use their vehicles for commercial ride sharing, and the public is taking them up on the offer. The […]
Insuring a Co-Op Property in New York: What Every Resident Should Know on nicrisinsurance.com

Insuring a Co-Op Property in New York: What Every Resident Should Know

Co-op living spaces have special insurance needs for which the residents are responsible. Here’s our quick guide to this unique property insurance situation and the best ways to protect yourself and your possessions. Co-ops are the housing option of choice for New Yorkers, representing around 85 percent of all apartments available for purchase in NYC. […]
Every American Should Budget for Long-Term Healthcare on nicrisinsurance.com

Every American Should Budget for Long-Term Healthcare

People are living longer but this also means healthcare costs are rising. An insurance policy can help them afford it The lifespan of Americans is longer today than at any point in history. The average age of 80 is often surpassed as people reach their 90s and beyond (the number of centenarians is also on […]
Is It Smart to Ignore Education and Occupation for Auto Insurance Rates? New Yorkers Are About to Find Out on nicrisinsurance.com

Is It Smart to Ignore Education and Occupation for Auto Insurance Rates? New Yorkers Are About to Find Out

Once defining factors for pricing auto insurance, education level, and occupation are no longer allowed to be used to calculate driver risk in New York. What does that mean for insurers, policyholders, and public safety? In December 2017, the New York Department of Financial Services introduced a significant and controversial change to how auto premiums […]
Help is Available for New Yorkers Buying—and Insuring—Their First Homes on nicrisinsurance.com

Help is Available for New Yorkers Buying—and Insuring—Their First Homes

New York housing sales are stable despite concerns to the contrary. State-provided funding for first-time buyers of condos, family homes, and co-ops help make buying and homeowners insurance more affordable than ever. There’s been some debate over the condition of NY’s housing market in the past few years. The New York Times reported a decline […]
Insuring Your Home and Health Against the Worst of New York’s Weather on nicrisinsurance.com

Insuring Your Home and Health Against the Worst of New York’s Weather

Weather causes more damage to homes and people in New York than crime, but many residents don’t make the elements an insurance priority. Here’s what bad weather can do to you and your property, and why insurance for those risks is essential. Hurricanes. Extreme heat. Drought. Inland nd coastal flooding. Brutal winters. This isn’t an […]
NY Clarifies Consumer-Interest Best Practices for Insurance Sellers on nicrisinsurance.com

NY Clarifies Consumer-Interest Best Practices for Insurance Sellers

New regulations for New York insurers elevate consumer interests above business interests when recommending insurance products Best practices are meant to ensure that businesses meet high standards. And for insurers in states like New York, that means putting consumer interests above their own. In these states, regulations forbid insurance companies and agents from steering customers […]
New York Fights Discriminatory Auto Rates on nicrisinsurance.com

New York Fights Discriminatory Auto Rates

Auto insurance companies in New York State can no longer use your occupation or education level to determine your insurance rate Does not having a college degree or working in an industry with low-wage jobs affect your driving? Many people would find that absurd, yet New York’s Department of Financial Services (DFS) found, after a […]
Life Insurance, Comparing the Cost of Living to the Cost of Life Insurance, life insurance, Life Insurance Affordability in New York and Beyond on nicrisinsurance.com

Comparing the Cost of Living to the Cost of Life Insurance

Life insurance costs less than you think, especially when you compare it to the cost of living “Life insurance is an expensive luxury.” That’s the opinion of 66 percent of Americans polled by LIMRA, a life insurance research organization. The truth is, however, that it’s very affordable—and the younger you are, the more affordable it […]
Wedding Insurance: What You Need to Know on nicrisinsurance.com

Wedding Insurance: What You Need to Know

This type of event insurance can protect you against unforeseen delays and cancellations Rolling Stones lead guitarist Keith Richards has his hands insured. Soccer sensation Cristiano Ronaldo’s legs are insured by the team he plays for. Actor Daniel Craig had his whole body insured while he was filming Quantum of Solace. Insurance is protection against […]
A Consumer’s Guide to Fighting Back Against Insurance Fraud on nicrisinsurance.com

A Consumer’s Guide to Fighting Back Against Insurance Fraud

What to do when insurance fraud hits home For many, insurance fraud conjures up images of fake injuries and claims for damage that either never occurred or were not as bad as reported. This type of crime is certainly a big problem, but fraud can also be perpetrated against regular insurance customers. What can you […]
Motorcycle Insurance Requirements in New York City on nicrisinsurance.com

Motorcycle Insurance Requirements in New York City

Yes, your motorcycle must be insured if you want to drive it on NYC streets and could be expensive. You’re in for a rude awakening if you live in New York City and want to purchase motorcycle insurance. A recent query for rates in all five boroughs found that a motorcycle policy and rider was […]
I'm Single. Do I Need Life Insurance? on nicrisinsurance.com

I’m Single. Do I Need Life Insurance?

Your debts aren’t forgiven if you die. Even if you’re not married, someone in your life may be required to pay them. Some decisions seem easier when you’re single, like getting life insurance. We know the reason behind this type of financial protection. Life insurance protects your loved ones in the event that something unexpected […]
When Your Landlord Offers Renters Insurance, Think Twice on nicrisinsurance.com

When Your Landlord Offers Renters Insurance, Think Twice

It may seem like the perfect arrangement, but not thinking through your options can lead to problems down the road If you’re reading this blog post, there’s a high probability you’re renting your current residence. Now more than ever people of all ages, from millennials to baby boomers, are choosing to hold off on homeownership […]
Is it Ever Too Late for Life Insurance on nicrisinsurance.com

Is it Ever Too Late for Life Insurance?

Paying bills and passing away are two unpopular subjects with most Americans. Many are leaving life insurance on the shelf as a result – but it pays to know how time and age factor into coverage Thinking about any form of insurance always means thinking seriously about the future. LIMRA market research shows that two-thirds […]
Renters Umbrella Insurance: A Reasonable Cost Can Protect Renters from the Worst on nicrisinsurance.com

Renters Umbrella Insurance: A Reasonable Cost Can Protect Renters from the Worst

They say it never rains but it pours. There’s a lot of truth to that with insurance claims. When things go wrong, the repair costs may be more than your rental policy can manage. This is where umbrella coverage offers you more impressive protection. We discussed the importance of having renters insurance in our earlier […]
Condo Insurance How am I Covered in a Condo on nicrisinsurance.com

Condo Insurance: How am I Covered in a Condo?

Who covers what? You have to know the answer when purchasing insurance protection for your condominium Homeowners insurance gives you the peace of mind that you’re covered in the event of theft, damage, and legal liability. But do you still have that peace of mind if you buy a condominium? The answer is yes – […]
What Lapsed Insurance Means and How to Avoid It on nicrisinsurance.com

What Lapsed Insurance Means and How to Avoid It

There’s only one way to avoid a lapsed insurance policy – pay – but the loss of coverage may not start right away The meaning of a word may be open to interpretation during a conversation, but there’s no latitude when it comes to an agreement or contract. Letting something lapse means allowing it to […]
Umbrella Insurance Helps You Weather Legal Storms on nicrisinsurance.com

Umbrella Insurance Helps You Weather Legal Storms

How umbrella insurance can cover your assets With the state of our society, it is quite possible that you could face a lawsuit at some point in your personal or business life. And whether or not a suit goes to court, you could end up paying a substantial amount of money in legal fees and […]
Top 10 Questions New Yorkers Ask About Life Insurance on nicrisinsurance.com

Top 10 Questions New Yorkers Ask About Life Insurance

Read these FAQs to get your life insurance questions answered Many people across the country choose to not have life insurance coverage, or they don’t understand what they’re paying for and thus don’t have the right coverage. A recent survey showed that more people don’t have sufficient coverage as the overall population ages – only […]
“Location, Location, Location” Applies to Renters Insurance Premiums as Well as Real Estate on nicrisinsurance.com

“Location, Location, Location” Applies to Renters Insurance Premiums as Well as Real Estate

Your possessions don’t fluctuate in value depending on where you live, but the risk to them certainly does. Here’s why the area you choose to rent in could mean paying more on premiums. Wherever you live in the world, you’re likely surrounded by two things: people and the forces of nature. Natural hazards can play […]
An Umbrella for All Weather on nicrisinsurance.com

An Umbrella for All Weather

Learn the basics of umbrella insurance According to the National Safety Council, the average economic cost of a car accident is over $78,000 per non-fatal disabling injury and more than $1 million per death. This includes all expenses, such as medical care, vehicle damage, and lost wages. Unfortunately, for most drivers, their insurance may not […]
Term Life vs. Whole Life Insurance on nicrisinsurance.com

Term Life vs. Whole Life Insurance

Learn about the differences so you can make the best decision for your family The whole concept of insurance is based on the “what if?” premise. With so many chances for calamity (both big and small) when you leave your home, insurance lets you live your life knowing you have some financial safeguards in place […]
Renters Insurance is a Smart Move in a Booming Sector on nicrisinsurance.com

Renters Insurance is a Smart Move in a Booming Sector

Renting has a lot of advantages. Combine these with a sharp rise in housing prices and you get a rising renter demographic. It’s more important than ever that these individuals protect themselves with renters insurance. As we highlighted in an earlier blog, 65% of NYC citizens are renting, along with 46% of the overall state. […]
Do You Need an Umbrella Insurance Policy? on nicrisinsurance.com

Do You Need an Umbrella Insurance Policy?

Answering your questions about umbrella insurance Sorting out different types of insurance can cause anyone to become confused. One of the least understood types of coverage is an umbrella policy. What does it cover? Who needs to have one? How much coverage should those people have and how much does a policy cost? NICRIS Insurance […]
Stay at Home Spouses Need Life Insurance Too on nicrisinsurance.com

Stay at Home Spouses Need Life Insurance Too

Ready for a surprise? Calculate the cost to replace the services your stay-at-home spouse provides Protect the breadwinner. It’s what you might expect an insurance professional to advise. It makes sense to cover the singular source of a family’s income – but what about the value a stay-at-home spouse contributes? The Pew Research Center reports […]
How to Insure a Vacation Home on nicrisinsurance.com

How to Insure a Vacation Home

Use these tips to get the right coverage If you take a trip every year to the same place, it may make more sense to consider buying a home there instead of spending money on a hotel or house rental. Of course, purchasing a second home is a big investment, so there are a lot […]
The Five Types of Personal Insurance on nicrisinsurance.com

The Five Types of Personal Insurance

You’ve insured your stuff, but what about you? We all know how important insurance is, yet it’s very common to be underinsured. In many instances, people focus on their possessions; if you have a home or car, almost certainly you have insurance for them. But a comprehensive plan, of course, involves coverage for both your […]
Behind Rising Auto Insurance Rates on nicrisinsurance.com

Behind Rising Auto Insurance Rates

In many cases, an increase doesn’t make sense, especially if you haven’t filed a claim. So, what’s the story behind the rapid rise in auto insurance rates, and is there anything you can do to stem the tide?
Driverless Cars Promise Ease of Travel, but Also Legal and Liability Issues on nicrisinsurance.com

Driverless Cars Promise Ease of Travel, but Also Legal and Liability Issues

How driverless cars could impact car insurance Autonomous vehicles are an intriguing insurance prospect. Their arrival raises some big questions. Who will be to blame in an accident? How much risk are passengers facing? There’s a lot to ponder as driverless cars begin to appear on roads around the world. Public opinion is split on […]
What You Need to Know About New York Renters Insurance on nicrisinsurance.com

What You Need to Know About New York Renters Insurance

Here are the most common questions and answers about renters insurance in New York Plenty of people rent living space in New York. The New York Times puts the Big Apple alone in America’s top five rental markets – with 65% of its citizens renting – and the city holds more than 40% of NY’s […]
5 Reasons to Switch Insurance Companies on nicrisinsurance.com

5 Reasons to Switch Insurance Companies

Changing insurers may seem like a chore – but your bank account and your future may thank you for it Would you accept thousands of dollars for a few hours of work? We’re guessing you would. This could be the situation if you take time to review your current insurance policies and make a change. […]
Insurance and the Internet of Things on nicrisinsurance.com

Insurance and the Internet of Things

The challenges and opportunities of insurance and the IoT The Global Internet IoT (Internet of Things) refers to the network of devices, vehicles, appliances and, anything else embedded with software and sensors that is networked with the Internet. Your computer, smartphone, and tablets, obviously; but the IoT is also starting to include things like your […]
How to Save Money on Your Renters Insurance on nicrisinsurance.com

How to Save Money on Your Renters Insurance

Reduce your renter’s insurance rates with these tips Renters insurance is essential to protect your belongings, your assets, and even yourself. Many landlords are also starting to require it for liability reasons. When choosing a plan, keep in mind that there are things you can do to save money while also ensuring you get the […]
5 Steps to Challenging a Denied Insurance Claim on nicrisinsurance.com

5 Steps to Challenging a Denied Insurance Claim

Insurance is meant to protect you financially and legally in the event of an accident. Auto and homeowners insurance can keep you from having to shoulder the burden of costly repairs or replacement if your car or house is damaged. Unfortunately, claims are occasionally denied for a variety of reasons. Fighting this judgment is not […]
SUM Insurance Coverage in New York has Changed on nicrisinsurance.com

SUM Insurance Coverage in New York has Changed

How New Yorkers can benefit from the new coverage law The next time you’re out driving and you stop at a red light, count the number of cars you see around you. If you get a number higher than eight (including yourself), chances are good that one of those drivers doesn’t have insurance. This is […]
Do You Really Need Renters Insurance? Your Landlord is Not a Safety Net on nicrisinsurance.com

Do You Really Need Renters Insurance? Your Landlord is Not a Safety Net

Don’t pay the price for believing a common misconception Buying a home makes picking up homeowners insurance second nature, as lenders require them in exchange for a mortgage. In contrast, many renters presume their landlord covers them in a similar way. But in almost all situations, that’s not the case. Only the structure tends to […]
Rising Water, Rising Rates on nicrisinsurance.com

Rising Water, Rising Rates

A look at what climate change means for insurance The threats of floods, fires, hurricanes, and tornadoes have many homeowners worried about their future. With the climate changing, there comes a greater risk for these disasters. And with an increase in natural disasters and their severity, comes less home security. New York has more residents […]
How Much Stuff Do I Have? on nicrisinsurance.com

How Much Stuff Do I Have?

How to itemize your possessions for homeowners or renters insurance When it comes to your home, it’s hard to think about the unimaginable: losing your possessions in a disaster and using that insurance you’ve been paying for each month. With recent events like the gas explosions in Massachusetts, which led to the destruction of dozens […]
How to Compare Renters Insurance Quotes on nicrisinsurance.com

How to Compare Renters Insurance Quotes

What choices should you make to find the right plan? When considering renters insurance for the first time, the cost may not be the most important factor. There are different types of coverage, as well as policy management benefits. First, we’ll look at what renters insurance is, what it covers in various circumstances, and how […]
America’s Text Addiction is Sparking Debate and Could Raise Rates on

America’s Text Addiction is Sparking Debate and Could Raise Rates

It’s technology vs technology with New York driver’s rights caught in the middle Texting while driving is one of the main causes of modern road accidents, and the state of New York wants to put a stop to it. Period. The Textalyzer is a controversial device which is intended to increase police powers and public […]
I Didn’t Know My Renters Policy Covered That on nicrisinsurance.com

I Didn’t Know My Renters Policy Covered That

6 surprising benefits of renters insurance While buying a home is still the “American Dream,” there is no denying the growing number of people who are choosing to rent rather than own. Whether it’s for financial reasons or a desire to not be tied down to a permanent location, “More people are renting now than […]
Why Driving Without the Proper Insurance is Asking for Trouble on nicrisinsurance.com

Why Driving Without the Proper Insurance is Asking for Trouble

This is what happens when you don’t have car insurance in New York Are you one of the estimated 1 in 8 drivers without auto insurance? More than 12% of Americans use a vehicle without coverage, according to the Insurance Information Institute. The state of New York has a lower proportion of uninsured motorists, but […]
Should You Opt-in on a Rental Car Company’s Insurance? Only if You Need It! on

Should You Opt-in on a Rental Car Company’s Insurance? Only if You Need It!

Check out these tips for deciding whether to get the extra car rental insurance Maybe it all started in a movie or as a joke when abusing a rental car. The sentiment, “it’s okay, we got the insurance” is well established in the car-renter collective consciousness. While it’s true this can be reassuring, it doesn’t […]
To Buy Renter’s Insurance or Not? on

To Buy Renter’s Insurance or Not?

Why you should say “yes” to buying renter’s insurance If you rent an apartment or house, it’s easy to think you don’t need insurance like you would if you owned the place. However, what would happen if your belongings were damaged or destroyed by a storm or fire? Would you have the money to replace […]
The Top 5 Tips to Optimize Auto Insurance Costs on

The Top 5 Tips to Optimize Auto Insurance Costs

You can’t a price on peace of mind, but there are ways to be smart about auto insurance rates The cost of a policy shouldn’t be the only or even necessarily prime concern when shopping for auto insurance. Nonetheless, it’s the first thing most drivers think of. Most Americans are spending just over $900 a […]
Here's Which Items Count When You Compare Auto Insurance Quotes on nicrisinsurance.com

Here’s Which Items Count When You Compare Auto Insurance Quotes

Saving money is a prime concern when it comes to auto insurance. What really pays is comparing coverage in relation to cost. The current national average for auto insurance is a little more than $900 per year, a number that can rise to well above $1,200 in metropolitan New York. It’s a bad expense to […]
It’s Never Too Early to Look into Home Insurance for Proactive Peace of Mind on nicrisinsurance.com

It’s Never Too Early to Look into Home Insurance for Proactive Peace of Mind

“Am I ready for home insurance?” It can be as intimidating as it is exciting. While those on their way to their first keys focus on neighborhood, work proximity and décor they often leave home insurance until last. Here’s why you should make it an early priority, and why the right time to buy is […]
Your Home Has 4 Basic Types of Home Insurance Coverage: Do You Know What’s Not Covered? on nicrisinsurance.com

Your Home Has 4 Basic Types of Home Insurance Coverage: Do You Know What’s Not Covered?

Your home insurance makes provisions to protect the structure of your home, its contents, the safety of the people in it, and any expenses you may incur while living away. It’s not all-inclusive, so make sure you know where the gaps are. Home insurance (also referred to as homeowner’s insurance) is a vital layer of […]
New York Auto Insurance FAQs: What Drivers Need to Know on nicrisinsurance.com

New York Auto Insurance FAQs: What Drivers Need to Know

Find the answers to six key questions Most people have a basic understanding of how car insurance works, but often the nitty-gritty details are a little murky. But to make sure you have the right coverage – and to avoid paying more than you need to – this detailed information is important. Here are some […]
When Should You Think About Your Auto Insurance? on nicrisinsurance.com

When Should You Think About Your Auto Insurance?

Six life changes that could have a big impact on your coverage and rates There’s an old quote attributed to Benjamin Franklin that’s along the lines of “If you fail to plan, you’re planning to fail.” And although it has sort of becoming a cliché, it’s pretty valid. Being proactive in just about any circumstance […]
How to Compare Home Insurance Quotes on nicrisinsurance.com

How to Compare Home Insurance Quotes

Use this as your guide to help find the best policy Buying a house is a significant milestone and a pretty exciting one. As you finalize your purchase and move through the process, you’ll want to make sure getting homeowners insurance is on the top of your list. With so many options out there, both […]
The Right Auto Insurance: Match Your Needs to What's Available on nicrisinsurance.com

The Right Auto Insurance: Match Your Needs to What’s Available

Understanding the basics helps you decide if you need something more comprehensive Auto coverage is essentially no different from any other kind of insurance. The more you have, the more protected you are and, of course, you get what you pay for. It’s important to remember there’s no catch-all policy out there. Not only will […]
Oops … I Crashed a Car in New York on nicrisinsurance.com

Oops … I Crashed a Car in New York

How to file an auto insurance claim in New York Every state has its own laws and regulations that govern how auto insurance works and what is required of drivers after an accident. This is especially true in New York, which has a very specific process that drivers must follow in order to make a […]
How to Choose the Right Auto Insurance on nicrisinsurance.com

How to Choose the Right Auto Insurance

What you should know to get the coverage you actually need Insurance is one of those things that everyone knows about, but for many people, the details can be murky. This is perhaps especially true when it comes to insuring a car. If you’ll be a new driver soon or perhaps it’s time for an […]
The Benefits of Auto Insurance May Be More Comprehensive Than You Think on nicrisinsurance.com

The Benefits of Auto Insurance May Be More Comprehensive Than You Think

Everyone’s aware of the basic benefits of auto insurance. Not as many know there may be other safeguards tucked away in many policies that protect you from more than collisions. “Why do I need auto insurance?” According to the Insurance Information Institute, an average auto insurance policy consists of the bodily injury liability, personal injury […]
New York’s Minimum Car Insurance Requirements on nicrisinsurance.com

New York’s Minimum Car Insurance Requirements

New York car insurance minimums offer good protection in case of an accident, but many drivers see the benefits of adding extra coverage.
Auto Insurance Is a Must to Protect You, Your Vehicle, and Other Drivers on nicrisinsurance.com

Auto Insurance Is a Must to Protect You, Your Vehicle, and Other Drivers

Your auto insurance payments may seem like a chore, but they can pay you back many times over. Car repairs are costly, and an accident may take you away from work and lead to lost earnings. Auto insurance is an essential purchase for every vehicle owner. Besides being required by law in most states, it […]
New York Home Insurance FAQs: What You Need to Know on nicrisinsurance.com

New York Home Insurance FAQs: What You Need to Know

Get the answers to six common questions. Insurance is one of those things that most people have in some form or fashion, but it’s still something that can cause a lot of confusion. If you are planning to buy a home, you’ve probably given some thought to homeowner’s insurance, and almost certainly you have some […]
What Is Homeowners Insurance and Why Do I Need It

What Is Homeowners Insurance and Why Do I Need It

Look at the value of your home, compared to everything else you own. For the average person, their home is likely to be the most valuable asset—even if it’s not paid for. Doesn’t it make sense to protect this asset?
How Home Insurance Works in New York on nicrisinsurance.com

How Home Insurance Works in New York

Learn all about the steps involved when making a claim. If the unusually late spring/early winter weather we got in and around New York is any indication, Mother Nature is becoming more unpredictable. In addition to disrupting our daily lives, this extreme weather can also be destructive. Many people found this out the hard way […]
What Does My Homeowner’s Insurance Cover? on nicrisinsurance.com

What Does My Homeowner’s Insurance Cover?

7 little-known benefits of your homeowner’s policy. Homeowner’s insurance is essential to protect your property, personal possessions, and your liability. Personal property insurance pays for damage to your home and belongings (both inside and outside) in the event of a storm, hurricane, fire, or other disasters so that you can make repairs. If you experience […]
What You Should Know About Homeowners Insurance in New York on nicrisinsurance.com

What You Should Know About Homeowners Insurance in New York

Whether you're an existing homeowner, or in the market for a new home, it is important to understand the value of a home insurance policy. Owning a home is a significant investment and a valuable asset, so you’ll want to be sure you’re protected in the event of a natural disaster, accident, or other potential risks.
What Homeowners Insurance Is (And Why Minimum Requirements Are Rarely Enough) on nicrisinsurance.com

What Homeowners Insurance Is (And Why Minimum Requirements Are Rarely Enough)

Homeowners insurance doesn’t just provide financial protection if your home is damaged. Discover what homeowners insurance actually covers—and why it’s so important to have Look at the value of your home, compared to everything else you own. For the average person, their home is likely to be the most valuable asset—even if it’s not paid […]