ITS STORMIN' IN NEW YORK! 

Insurance companies are funny.  A storm comes and every single one of them rescind your binding authority!
You would think they are in the business to insure your property.  And they are, but not when a possible catastrophe is on its way!


We had several companies send us information that they will not honor anything bound today, cars or homes!  Too bad, a gentleman was excited about buying a brand new car today, only to find out, he couldn't take it home.  You see, he needed to prove he had insurance for that car with a binder from his agent and ID cards from the insurance company, but alas, could not.  I told the dealership that sent him, "this is not a good day to sell cars!"

BUT, if you already have insurance and a car and you are trading it in..... AND if you have comprehensive and collision coverage; you can take your new car home.  The car salesmen know that most insurance companies will extend their insurance to a newly purchased car. 

BUT BEWARE!  Find out how many days your company will allow you to go without contacting them about the new purchase.  Every company is different.  Some are 30 days, some are 14 days. 

So, let's try a quiz:

1) If a storm hits and your car is under water, is this paid under comprehensive coverage or collision? They both are applied to the physical damage of the car. 

ANSWER: Comprehensive will pay out when something totals your car other than colliding with another car or property. 

2) If you hit a deer in the road and to fix the damage on the car, what coverage is it paid under?

ANSWER:   Comprehensive coverage. Even though you "collided" with the deer (or he with you), all companies recognize this as a comp claim. (and therefore, not at fault)

3) If you hit a pothole, which coverage is this paid under?

ANSWER:  Collision.  AND it will be "at fault".  I know, it stinks.  Just try not to go down badly paved streets or  hit a pothole. 

Well, that is all for the quizzes today.  Please post a questions to get my brain a workin'........   
AND STAY SAFE OUT THERE!!!