5 Mistakes to Avoid When Buying Classic Car Insurance

You finally did it. After years of dreaming, you took the plunge and bought your classic car. Whether a mint-condition Mustang or a lovingly restored Chevy, your classic car is your pride and joy. But before you hit the open road, there’s one crucial step you need to take: Insuring your classic car properly. Classic car insurance is different from regular auto insurance, and there are a few mistakes to avoid. Here are five of the most common.

1. Not Shopping Around for the Best Policy

When insuring your classic car, don’t just go with the first policy you find. Like with regular auto insurance, there are various options out there, and you want to ensure you find the best one for your needs. Get quotes from multiple insurers and compare their coverage options and rates.

2. Not Getting Enough Coverage

Just because your car is old doesn’t mean it’s not valuable. Some classic cars can be worth hundreds of thousands of dollars. Ensure you get enough coverage to protect your investment in an accident or theft.

3. Not Reading the Policy Carefully

When buying insurance, it’s important to read the policy carefully to know what’s covered and what isn’t. Don’t just skim over the policy; take the time to read it thoroughly so you know exactly what you’re getting.

4. Omitting or Misrepresenting Information

When applying for classic car insurance, it’s essential to be honest about your car and driving habits. Omitting or misrepresenting information on your application can lead to problems if you have to make a claim later.

5. Thinking Your Normal Auto Insurance Policy Covers Classic Cars

Most standard auto insurance policies will not cover classic cars. If you want your classic car to be adequately protected, you need to get a separate policy that specifically covers them.

Get Classic Car Insurance in Amityville, NY

Classic car insurance is a must if you want to protect your classic car investment. Acme Insurance Brokerage offers excellent classic car insurance policies at affordable rates. Contact us today to get a quote.

Who Should Consider Renter’s Insurance?

Renter’s insurance can cover your belongings and protects you from liability if someone is injured on your property. Renter’s insurance isn’t always required, but it’s still a great idea. At Acme Insurance Brokerage in Amityville, NY, we offer renter’s insurance. 

Types of Renter’s Insurance

Renter’s insurance typically consists of several types of coverage. These include personal property damage, personal liability, and loss of use. 

Personal Property Damage

Personal property damage will cover the worth of your belongings if they are damaged if your policy covers up to the coverage limit. 

Personal Liability 

You may be held financially responsible if a guest is injured on your property. Personal liability protects you from damages if someone is injured on your property. 

Loss of Use Coverage 

Loss of use coverage will cover your expenses if you temporarily move from your home. If your home is damaged or in need of repair, it’s already a stressful situation. Further financial strain can make the problem worse. 

Is Renter’s Insurance Required? 

Some landlords and building management firms require renter’s insurance. If your landlord doesn’t require it, you are not obligated to carry it. However, you should still consider a renter’s policy. 

Who Needs Renter’s Insurance? 

You need a renter’s policy if you can not afford to replace all your belongings. You can be sued for medical expenses if someone is injured on your property. If this would cause you financial hardship, you should also carry a renter’s policy. 

Lastly, you should consider a renter’s policy that includes loss of use coverage if you would struggle to pay for housing if you had to move temporarily. 

Renter’s Insurance at Acme Insurance Brokerage 

If you need renter’s insurance in Amityville, NY, contact us at Acme Insurance Brokerage. We will help you choose the right policy and coverage limits to protect you financially. 

Choosing the Right Commercial Insurance Policies for Your Amityville, NY Business

As a business owner in Amityville, NY, you have a lot on your plate. There’s a lot to stay on top of, from keeping up with daily operations to ensuring that your customers are happy. And one of the most important things on that list is making sure that your business has the coverage necessary to protect it from potential risks.

Most Common Commercial Policies

There are a few different commercial insurance policies commonly carried by business owners. The most common include:

Property insurance:

This policy covers damage to your business property, including the building itself, any furniture or equipment inside, and inventory. It can also help cover the cost of a temporary relocation if your business needs to close due to damage from a covered event. Your Acme Insurance Brokerage representative can work with you to find the right commercial policy.

Liability insurance:

This type of policy can help protect your business from legal claims if someone is injured on your property or if you’re accused of causing damage to someone else’s property. It can also help cover the cost of medical expenses and any settlements or judgments that may be awarded in a lawsuit.

Business interruption insurance:

This policy can help cover the loss of income and expenses you incur if your business is forced to close due to damage from a covered event.

Commercial auto insurance:

If you use vehicles for business, this policy can help cover the cost of repairs or replacement if they’re damaged in an accident. It can also help cover medical expenses for any injuries in an accident.

Acme Insurance Brokerage can work with you to find the right policies for your business. We’ll take the time to understand your needs and help you acquire a quote.

Home Insurance Options in Amityville, NY

Home insurance is something that you should never take lightly. In a disaster, you will be glad you have it. But what are your options for home insurance? There are three levels of homeowner’s coverage—actual cash value, replacement cost, and guaranteed value. Here’s a breakdown of your options.

Actual Cash Value

Actual cash value is the most common type of home insurance. It pays to repair or replace your residence with what it was worth, minus depreciation. For example, if your home was worth $200,000 when you bought it, but it’s only worth $150,000 now, your policy would only pay $150,000 to repair or rebuild it.

The actual cash value coverage also includes lost and damaged belongings. Check the individual policy for limits on certain items, such as jewelry, collectibles, and electronics.

Replacement Cost

This type of policy pays to rebuild your home with new materials, no matter the current market value. So, if a fire destroys your home and it would cost $225,000 to rebuild, that’s what your policy would cover.

Replacement cost policies also include lost and damaged belongings, but with a higher limit than actual cash value policies. Your Acme Insurance brokerage agent in Amityville, NY can help you find the right replacement cost policy and advise you of any limitations to the coverage.

Guaranteed Value

Guaranteed value is a long-term policy that ensures coverage includes reconstructing your house to its original specs, regardless of the current market price. So, if a fire destroys your home and it would cost $225,000 to rebuild, that’s what your policy would cover.

The coverage includes your belongings, too. However, it’s also essential to know that these policies often have a maximum payout limit.

Talk to your Acme Insurance brokerage agent about your options if you’re looking for home insurance in Amityville, NY.

Does your auto policy provide features you don’t use?

As auto policies evolve to provide more benefits, the team at Acme Insurance Brokerage is here to guide residents in the Amityville, NY area through the policy selection process. We understand that choosing the right auto insurance policy for your needs can often be confusing. Let us help!

What features does your auto policy provide?

You may have more protection and benefits than you realize when it comes to auto insurance policies. Today’s policies can offer everything from roadside assistance services to coverage for rental cars if your car has been damaged or destroyed in a covered accident or incident. Auto insurance can be more than just protection from accidents or theft. 

We find that our clients are often paying for features that they don’t use and are unaware of! If you haven’t taken a close look at your policy and its benefits, now is a perfect time to do so! You may have features that you aren’t taking advantage of. Reviewing your vehicle policies is always a great idea.

If, after your review, you find that there are additional features that you would like to have, it may be time for an upgrade! Today’s policies can be comprehensive and provide a high level of coverage and protection. If you want exceptional coverage, now is a great time to find out what features are available in our area.

Learn more about your auto policy options today!

Acme Insurance Brokerage is here for the Amityville, NY community. If you have questions about insurance, we can help! Give us a call, or stop by our office to learn more about your insurance options.

Classic Car Insurance FAQs

Puzzled by classic car insurance in Amityville, NY? You are not alone because most people have difficulties differentiating this coverage from standard auto insurance. So, if you have a 1969 Chevy Camaro or 1964 Ford Mustang, you must understand how classic car insurance operates to protect your prized toy. Acme Insurance Brokerage has prepared a FAQs section to shed more light on classic car insurance.

What is classic car insurance?

While standard auto insurance can protect your classic, it won’t offer full value when you suffer a total loss. Classic car insurance is an insurance plan specifically designed to protect your classic or antique car when driving, exhibiting, or restoring your vehicle.

What is the agreed value, and why does it matter?

Typical standard auto insurance policies use the actual cash value to protect your car. Simply put, the insurer compensates you after knocking off depreciation from the value of your vehicle. But since classic cars maintain or appreciate in value, actual cash value can’t work. Agreed value works because you get your classic’s actual value (compensation) when totaled or stolen.

Is classic car insurance mandatory?

Your collector’s car is a vehicle and poses the same risks, just like your conventional automobile. So, yes, classic car insurance is mandatory in New York and other states. To legally drive your classic car in New York, you must at least invest in the state-required liability coverage.

Is classic car insurance expensive?

Unlike a popular misconception, classic car insurance is surprisingly affordable. Because you don’t drive your classic or exotic car every day, the risk exposure is minimal, translating to affordable premiums.

Where can I purchase classic car insurance?

If you are in Amityville, NY and its environs, you don’t have to work extra hard to purchase a salient classic car insurance policy that protects your memories and heritage. All you need to do is contact Acme Insurance Brokerage, and we will guide you from there.

Is Renters Insurance Important for College Students?

If you have a child who is preparing to move off to college, life is about to be very different for everyone. Apart from buying supplies for school and their new place, you may overlook renters insurance offered by Acme Insurance Brokerage. Here are just three reasons you should purchase renters insurance in Amityville, NY for your new college student.

Protection for Expensive Belongings

Starting school, college students will often purchase new furniture, printers, laptops, and other costly items. Because of their price, these items can be difficult for most families to replace if something happens to them. Luckily, that’s where a renters insurance policy comes in, as it covers some or all of the costs associated with replacing items. Renters insurance covers factors that are beyond your student’s control, including fire and theft.

Protection for Liability Incidents

Renters insurance offers liability protection for a number of incidents that students could encounter, such as a fall or dog bite (if your student has a dog). If someone who is visiting your student’s place gets injured, renters insurance is designed to cover medical payments, potential legal fees, etc. This allows your student to focus on their studies instead of any financial burden.

Peace of Mind

When your student is traveling back and forth from college and home, such as for holiday breaks, it can be difficult to ensure their belongings are safe and sound. Luckily, a renters insurance policy can help you and your student feel confident about leaving their place because they know that they have insurance in place in the event the unexpected occurs.

If you need help obtaining renters insurance for your student in Amityville, NY, contact Acme Insurance Brokerage today.

New York Motorcycle Insurance – What You Need To Know About Motorcycle Insurance

Riding a motorcycle is a unique experience from driving any other vehicle on the road.  It’s just you and the road with a motorcycle and there’s no other experience that can replicate it.  Just as you would with a car, you are required to carry motorcycle insurance to legally ride on the road in New York.  We will cover the different types of motorcycle insurance available to choose from and what they entail.  Acme Insurance Brokerage in Amityville, NY offers motorcycle insurance and other insurance needs.

Motorcycle Insurance

There are similar coverages and limits between motorcycle insurance coverage and car insurance coverage.  Motorcycles do have unique add-ons which we’ll cover later, but in essence, the terms used in both cars and motorcycle policies are almost interchangeable.  

Personal Liability / Property Damage

Personal Liability and Property Damage remain the base upon which your insurance cover sits.  This form of coverage is required in all states and must have a minimum coverage level in a dollar amount that varies from state to state.   The minimum coverages for motorcycle insurance in New York is $10,000 in property damage liability, $50,000 per person / $100,000 total accident in death liability, and $25,000 per person / $50,000 in total accident in bodily injury liability.  

Unique Add-Ons

Motorcycle Insurance has unique add-ons in the form of lay-up insurance.  You don’t ride a motorcycle year-round, especially in the snow-covered months of winter.  So, lay-up insurance is a way to keep your bike insured while it’s stored for the winter months.  There are other add-ons that you can add to your motorcycle insurance policy such as roadside assistance and other additions.

More Information

You can learn more about motorcycle insurance by contacting Acme Insurance Brokerage in Amityville, NY today!

Protect your boat while it’s in dry dock

Acme Insurance Brokerage and our Amityville, NY area team understand that owning a boat can come with some logistical issues. There is the need for a dock to store the vessel while in use, and the need to find a home for your boat during the winter months. Many people opt for a dry dock solution and keep their boats out of the water when it’s not boating season. Dry dock storage also requires insurance protection, just as your boat needs to be covered when it is on the water.

Dry dock coverage for your boat

When your boat is on the water and you’re out enjoying your day on the lake, it’s easy to see why it’s necessary to have boat insurance. When your boat is away in dry dock for the off-season, it’s easy to think that you need less protection. But, let’s remember all of the reasons why insurance is necessary in the first place. 

Even when your boat is in storage, it can still fall victim to theft, vandalism, or damage. Don’t think that your need for protection ends at the water’s edge. There are very compelling reasons for carrying comprehensive boat insurance all year long, no matter where your boat may be. 

Rely on us for all of your boat insurance needs

If you are a boat owner in the greater Amityville, NY area, turn to Acme Insurance Brokerage for all of your boat insurance. Our experienced agents are here to answer all of your questions and provide the information necessary to decide which policy is right for you. Call or stop by today!

The top types of commercial insurance lines to consider for your small business

As a small business owner in the Amityville, NY area, it is critical to have a comprehensive insurance program to protect your business. The agents at Acme Insurance Brokerage have put together a list of important coverages for businesses to consider. 

General Liability Insurance 

A general liability policy is essential for all small businesses. It will protect you in the event a third party sues you for damages. A liability policy is critical if your business operates at a location where clients are on site. If a client slips and falls while on your business premises, you will be protected in the event of a lawsuit.

Product Liability

If the nature of your business is to sell products, it is critical to consider a product liability policy. Even if your product seems harmless, you will be protected in a lawsuit if a third party claims your product has caused harm. 

Professional liability policy

Unlike a business that needs product liability, if your business provides a service, you should consider a professional liability policy (also called an E&O policy). An E&O policy will provide you with protection if you fail to provide the service or make an error while providing the service to a client and that client suffers a financial loss as a result. 

Workers Compensation 

The state may very well require workers’ compensation if you have enough employees. However, even if it is not required, you may want to consider it if you have employees. In the event an employee is injured while working, a workers’ compensation policy will help cover the medical bills and lost wages.

If you would like to learn more about the insurance policies available to protect your business, reach out to an agent at the Acme Insurance Brokerage today. We proudly serve the Amityville, NY area.