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What does commercial insurance cover?

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Commercial insurance is a vital part of doing business. No matter how large or small your company is, you need to have some form of commercial insurance in order to protect yourself from liability and financial damages. There are many different types of policies available, and it can be difficult to know which one is right for your business. That’s why it’s important to talk to an insurance agent who can help you choose the policy that best suits your needs.

At VAC Insurance Agency in Brooklyn, NY, we want to help your business succeed.

There are many different types of policies

There are many different types of commercial insurance policies available, and each one covers a different set of risks. Some of the most common types of commercial insurance include property insurance, liability insurance, and business interruption insurance.

Property insurance protects your business from damage or loss to physical property, such as your building or inventory. Liability insurance protects you from lawsuits resulting from accidents or injuries that occur on your property. And business interruption insurance provides financial protection in the event that your business is forced to close due to a covered loss.

You don’t want to be caught if a storm, strike, accident, or some other event interrupts your business operations. A good insurance policy can help get you through these difficult times.

Contact us today!

It’s important to choose the right policy for your business. Talk to an insurance agent to find out which policy is best for you. At VAC Insurance Agency, we are here to answer all of your questions. We proudly serve the Brooklyn, NY area, so call us today!

Your Most Valuable Asset Needs Protection with Home Insurance

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Did you know that if you carry a mortgage on your home, it is necessary that you insure it with homeowners’ insurance? If you live in or near Brooklyn, NY, the VAC Insurance Agency can explain all the particulars.

Why Home Insurance?

The main reason for homeowners insurance is to protect the homeowner. You will be covered if your home is damaged in a weather event, fire, or any other covered event.

Another reason is that almost all lenders require that the property be insured for 100% of its replacement cost. Their main concern is making sure the home can be rebuilt in the event of a disaster. The insurance protects the lender’s financial interest in the property.

Homeowners’ insurance combines various personal insurance protections which include losses to the home, and its contents, loss of use, and liability insurance for accidents that occur on the property.

There are no state laws where homeowners’ insurance is required. But in the event your property is mortgage-free, it is still recommended that you carry an insurance policy.

If someone visits your home, falls, and is injured, the policy will pay for any medical expenses relative to the injury. If you have a dog and it decides to bite your neighbor, any legal expenses resulting from the bite will be covered. If you do not have insurance coverage, all associated costs will be paid by you out-of-pocket.

There are some things the policy will not typically cover:

  • Acts of war
  • Earthquakes
  • Floods
  • Infestations, including termites
  • Mold
  • Nuclear accidents
  • Sewer backup
  • Water damage

Contact Us Today

If you are a homeowner or are thinking about purchasing a home, make sure you have a policy in place prior to the purchase. Your mortgage company will want evidence of coverage prior to the closing. Contact the insurance professionals at VAC Insurance Agency in Brooklyn, NY today for a quote or an answer to any questions you may have.

Three assumptions you shouldn’t make about your flood insurance needs

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Flood insurance is an important type of insurance that can protect the value of your property and possessions. If you’re looking for flood insurance in the greater Brooklyn, NY area, you can consider our policy offerings at VAC Insurance Agency.

Being informed is an important part of meeting your insurance needs.

The following are three inaccurate assumptions you shouldn’t make when it comes to flood insurance coverage:

You don’t need flood insurance

It’s essential to do your research before deciding that you don’t need any flood insurance. Even if you are not located in a flood zone, you still might be at risk of experiencing property damage due to flooding. 

It’s better to be safe than sorry. Chances are high that you will stand to benefit from carrying flood insurance coverage even if your area doesn’t experience frequent flooding. 

You will get flood damage coverage through your home insurance policy

Home insurance policies typically will not provide any coverage whatsoever for flood damage. If you want to enjoy insurance coverage for flood damage, you’ll need to purchase a flood insurance policy that is separate from your home insurance. 

You can only insure your home with flood insurance

Flood insurance coverage is not solely available to homeowners. It’s also available to both renters and business owners.

You should consider purchasing flood insurance if you are renting a property that is located in an area that is at risk for flooding. Business owners with commercial properties in areas that experience flooding should also look into their flood insurance options. 

Get The Right Coverage Today

We can help you get the information you need about flood insurance for your property or place of residence in Brooklyn, NY. Get in touch with us today at VAC Insurance Agency with your questions and inquiries about flood coverage. 

The 4 Different Types of Commercial Insurance Plans

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Every business owner needs to protect their investments. And what better way to do it than through commercial insurance? This type of insurance offers protection against risks that are faced by businesses, such as property damage, liability, and business interruption. There are four main types of plans: property, liability, automobile, and workers’ compensation. Each has its own set of benefits that can help business owners stay protected in case of an accident or other unforeseen event.

Consult with VAC Insurance Agency in Brooklyn, NY for expert insurance advice. Stay safe and secure with the right commercial insurance plan for your business!

Here are four types of plans and what each one offers:

1. Property Insurance

Property insurance protects business owners against loss or damage to their property. This can include the building itself, as well as any equipment or inventory inside. In the event of a fire, theft, or natural disaster, property insurance can help cover the cost of repairs or replacement. This type of insurance is essential for all businesses, as it can help protect against unexpected events that could cause significant financial loss.

2. Liability Insurance

Liability insurance protects a business from claims arising from injuries or damage caused by the business’s employees or products. It helps a business pay for medical expenses, legal fees, and property damage caused by the company’s negligence. This insurance is essential for companies of all sizes, as it can help protect the business’ assets in case of a lawsuit.

For example, if a customer slips and falls in your store, liability insurance would help cover the cost of their medical expenses and any legal fees that may arise from the incident.

3. Automobile Insurance

Automobile insurance protects businesses against losses resulting from accidents involving company-owned vehicles. This insurance can cover the cost of repairs and any medical expenses incurred by employees or customers injured in an accident. If you have company-owned vehicles that you use for business purposes, such as delivery services or sales reps who travel to meet with clients, it is essential to have this type of insurance in place to protect your business in the event of an accident.

4. Worker’s Compensation Insurance

Worker’s Compensation is a type of commercial insurance that compensates workers who become sick or are injured due to their work. The compensation may include death benefits, income replacement, and medical expenses. Worker’s compensation is generally obligatory in most jurisdictions across the country. Hence, employers are legally required to provide this policy for their workers. However, even if it’s not required by law, it’s still essential coverage for businesses. Worker’s Compensation Insurance protects businesses from lawsuits resulting from employee injuries and helps ensure that employees receive the care they need if they’re injured on the job. Any company that has employees should consider carrying Worker’s Compensation Insurance.

Get the Right Commercial Insurance Coverage Today

Commercial insurance is an important way to protect your business from potential risks such as property damage, liability, and business interruption. If you’re looking for the best commercial insurance plan for your business, VAC Insurance Agency in Brooklyn, NY can help. We offer a wide range of insurance plans that can be tailored to meet the specific needs of your business. Contact us to learn more about our commercial insurance options and get a quote!

Why Every Homeowner Needs Home Insurance

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When you own a home, it is highly important that you protect it with a home insurance policy. It’s a good idea to have home insurance whether it’s required for you or not, though most people are required to have it by their lender or by their homeowner’s association. This insurance gives you valuable coverage that can protect your finances against a number of serious risks. To get your home insurance, give us a call now at VAC Insurance Agency in Brooklyn, NY.

Why Every Homeowner Needs Home Insurance

Home Protection

One of the most important ways that home insurance protects you is by giving your home protection against a wide range of damaging events. These often include things like accidents and certain disasters that can cause untold damage to your home. When a damaging incident does happen to your home, your home insurance can pay to get the repairs that are needed. The policy may even pay for you to live somewhere else while the repairs are being done if that is needed due to the home being unlivable. 

Item Protection

In addition to offering protection for your home, these policies also offer protection for your belongings. This protection may not seem that important, but just consider how much all of your items added together would be worth. It may be nearly as much as your home is worth. This protection is vital to have in case a damaging event causes serious damage to what you own. The policy can then pay for you to replace those items so that you can keep your standard of living. 

Protect Yourself With Home Insurance

It’s always smart to have this insurance if you’re a homeowner. To get a policy of your own, call us at VAC Insurance Agency in Brooklyn, NY to get started. 

Will flood insurance cover damage to my car?

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If you live in a flood zone, purchasing flood insurance is probably a smart move. However, although flood insurance covers many things, it may not cover extensive flood damage to your car. VAC Insurance Agency is committed to educating Brooklyn, NY residents about what’s covered under a flood insurance policy.

Flood Insurance Coverage

Flood insurance covers damage to your home, personal belongings, and other structures on your property. However, it will not cover extensive damage to your car. It may cover some damage. However, you’ll need comprehensive auto insurance to cover all of the flood damage to your car. Many people might be confused by this fact because flood insurance does cover a lot of extensive damage. However, comprehensive auto insurance will cover extensive damage to your car, under the hood, as well as the exterior and interior. Flood insurance can financially cover the repair or replacement of your home, as well as the contents, or your personal belongings.

Flood insurance will also cover unattached structures on your property. However, it’s best to discuss flood insurance coverage with a licensed insurance agent. One of our agents can answer your questions and help you find the best coverage for your situation. 

Believe it or not, comprehensive auto insurance, NOT flood insurance, will cover any damage to your car caused by a flood. Your flood insurance policy will not cover as much as your comprehensive auto insurance policy. You don’t need flood insurance to protect your car from flood damage. Comprehensive auto insurance will cover damage to your car caused by flooding.

Contact Us Today

If you have questions about what flood damage will and won’t cover, get in touch with VAC Insurance Agency in Brooklyn, NY. We’d be happy to discuss flood insurance and what’s typically covered.

Do you need to get a commercial insurance plan?

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The Brooklyn, NY area is densely populated and has a strong local economy. Those that want to be business owners will find that this could make the area a great place to run a company. If you want to be a business owner here, having the right insurance is very important. There are various reasons why you should get a commercial insurance policy when in this region. 

Why should you get a commercial insurance plan 

Comply with Requirements

One of the top reasons that you should get a commercial plan when in this part of New York is so you can comply with obligations. A business is going to have a lot of requirements for insurance. This will include requirements set by their lenders, investors, and even their clients. When you have this coverage, you will remain in compliance with these requirements. 

Protect Organization

Another advantage of having a commercial insurance plan is that it will help protect your organization. A proper commercial insurance policy offers support that will protect all of your business assets and can provide liability coverage. Having this insurance will prove to be helpful during some difficult situations that would otherwise result in a loss. This coverage can ultimately help to keep your business in good financial standing and will offer you peace of mind. 

If you want to be a business owner in the Brooklyn, NY area, it would be wise for you to speak with someone that you can trust when shopping for insurance. As you are looking for coverage, it would be helpful to start your search by calling VAC Insurance Agency. The professionals of VAC Insurance Agency understand the value of this coverage and can help you build a plan that will meet your needs and properly cover your business. 

5 Common Risks not Covered by Typical Home Insurance

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If you have home insurance in Brooklyn, NY, you expect it to cover your building structure and the assets inside. Also, your insurance agent must have told you that home insurance covers you against liability claims and pays for additional living expenses when your home is deemed unlivable. While home insurance covers you against several things, it isn’t entirely faultless. Your home insurance has exclusions and limitations. If you buy standard home insurance from VAC Insurance Agency, it’s unlikely to cover the areas below: 

5 Common Risks not Covered by Typical Home Insurance

Flooding

Floods are the most common natural disaster in America. Unfortunately, basic home insurance doesn’t protect your home against flood damage. However, you can purchase flood insurance to protect your home against floods.

Earthquakes

Your typical home insurance is unlikely to cover earthquakes, landslides, and other earth movements. However, you can bolster your home insurance by purchasing earthquake insurance as an endorsement.

Pest and mold infestation

Your insurer will likely ignore any claim you make for damage caused by neglect or failure to maintain your home properly. If mold and pests damage your home, your insurer won’t consider any claim for such damage as you are supposed to take the necessary steps to mitigate these risks.

Risks surrounding your boat

Your home insurance is likely to cover your water vessel up to $1,000 if it’s stolen within your home and not a location far from your home. Furthermore, home insurance won’t cover liability claims when using your boat. If you want optimal protection for your boat, purchase boat insurance.

Sewer back-up

Clogged and broken sewer lines may cause internal flooding in your house. While sewer back-ups are common, your typical home insurance doesn’t cover the resulting damage.

Want to learn more about your home insurance policy in Brooklyn, NY? Please book an appointment with VAC Insurance Agency for more information.

Is it possible to get flood insurance in Brooklyn?

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The team here at VAC Insurance Agency is here to provide Brooklyn, NY residents with all of the insurance they need to protect their homes. If you are concerned about possible flood damage, it’s time to consider a flood insurance policy. Give us a call or stop and find out more about flood insurance options available in our area.

Flood insurance options available in Brooklyn

When it comes to protecting your property, a homeowner’s insurance policy isn’t always enough. If you live in a neighborhood that is prone to flooding, it is worth your time to look into an additional flood policy to complement your home insurance. Often, water damage that is caused by floodwaters is excluded from a primary homeowner’s policy. That’s why many residents in our area opt to add flood insurance to their coverage. 

Flood insurance can help to defray the cost of repairs and it can give you the peace of mind that comes with knowing you have the protection you need. Even if your home or business isn’t located in a flood plain, that does not mean that you won’t ever experience a flood. In fact, numerous claims for water and flood damage are for properties that are located in areas that are considered to be at low risk for flooding. And, as time goes on, flood patterns can also change, which is another factor to consider when making your decision. 

Now is a great time to add a flood policy to protect your home.

Give us a call to find out more today!

If you live in the greater Brooklyn, NY area and want to learn more about flood insurance, call VAC Insurance Agency today. We can help you with all of your insurance needs!

Why New York Business Owners Should Look Over Their Commercial Insurance Policies Carefully

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VAC Insurance Agency is proud to serve the Brooklyn, NY community. We are an independent agency. Working with multiple carriers in the region allows us to offer flexible policies that adapt to any situation. We strive to establish long-term relationships with our clients.

Why New York Business Owners Should Look Over Their Commercial Policies Carefully

The Brooklyn, NY economy thrives on a competitive marketplace. As a local business owner, you are constantly searching for ways to stand out from the competition. Obtaining a strong commercial insurance policy can give you a competitive advantage. Commercial insurance covers any damage to your products and inventory if a disaster occurs. You are protected in the event of an accidental fire, theft, or vandalism. Liability coverage protects your business if you face allegations that your products caused harm. You’re also covered if one of your customers gets injured while visiting your business. Workers’ compensation is another significant part of your policy. You rely on your employees to help your business function properly. Workers’ compensation protects you if one of your employees is injured in the workplace. Look over your policy carefully.

If you are planning to expand your business in the future, you may need to amend your commercial insurance policy. You can add cyber liability coverage. Thousands of online transactions take place in the marketplace every day. Cyber liability protects your business if you suffer a data breach and hackers access sensitive information. If you plan to add remote services, consider commercial auto insurance. This type of coverage protects your business vehicles if an issue arises. Professional liability insurance covers your employees against allegations of negligence on the job.

VAC Insurance Agency Will Help You Protect Your Assets

Contact our office to learn more information about commercial insurance.