| Answers: |
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How do
I change a vehicle on my policy? |
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Before
visiting the Department of Motor Vehicles (DMV), you will need to
bring with you an Insurance ID card (FS-20) for the new vehicle,
which is obtained from our office.
Note:
Our office has the ability to issue the new
"Bar Coded" insurance ID cards which the DMV will accept a FAX copy
of. When calling or visiting
our office to request the vehicle change, please be sure to have the
vehicle identification number (VIN), year, make, and
model, as
well as safety
features currently
operating on the vehicle, example:
anti-lock brakes
(ABS), passive
restraints (# of airbags),
daytime running
lights & security systems.
Also advise if there will be any change in use, a new driver on the
policy and
what coverages
will apply
to the
new vehicle,
I.e. comprehensive and collision.
Special Note:
If
comprehensive
and collision
coverages apply
to the
new vehicle,
a photo
inspection of the vehicle must be completed within 5 days. |
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How
do I delete a vehicle from my policy? |
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If
you have other vehicles on your policy and wish to delete one,
you must first turn in the license plates for the vehicle to
the Department of Motor
Vehicles (DMV). They will
give you a green receipt which has two parts, we must have one half
as proof the plates have been turned in, the other half is retained
for your records. Once
we have
the green
"FS-6", we can properly delete the vehicle from your policy.
Please note:
If the
vehicle you’re deleting is the only vehicle
on the
policy and you are
not immediately replacing it with another vehicle, you must request
a policy release form (LPR) to sign canceling the policy. |
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Do
I have enough coverages? |
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The
best way to answer this question is to ask yourself “How much will
it cost me to replace or repair my personal property if I actually
sustain a loss?” Once you
calculate this value then look at your current insurance coverage
limits and you will get a good indication if you are adequately
covered. We will be happy to
guide you through the process of determining if you have ample
insurance coverage and then provide you will a no cost or obligation
price estimate. You may
contact us via phone or email or visit our
Quotes page. |
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What happens if my auto
liability is canceled? |
If
your liability insurance is
cancelled,
your insurance
company must notify
DMV. Your
insurance company is also required to notify
DMV
when
your coverage is reinstated or if you obtain new coverage.
Sometimes the DMV’s computer is unable to match the insurance
companies electronic filing
with your vehicle registration record.
The
DMV will send you a letter about your insurance. Read the insert
that comes
with the letter, and follow the instructions in the letter. You will
have 10 days from the date
of the DMV letter to either show proof of insurance coverage, proof
that you sold the car, or other proof that the vehicle
did not need to have
insurance in NYS. If you do have insurance, also ask your insurance
company (not your agent or broker) to file an electronic notice of
coverage with DMV. Your situation will not be completely resolved
until this electronic filing is done.
If you do not have liability insurance, you
must surrender
your license
plates to
NYS DMV
immediately. Be sure to obtain a receipt. See "Turn in
Plates/Surrender Registration". You must respond to the letter you
receive from DMV or turn in your plates to avoid suspension of your
registration and driver's license.
If your liability
insurance is going to lapse for any reason,
and is
not being
replaced by other
coverage, surrender your license plates to DMV before your coverage
lapses! |
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What is term life insurance? |
| Term insurance
provides protection for a specified period of time; a term of 1, 5,
10 or 20 years or up to age 65 is available. This type of policy
only pays a benefit if you die during the policy term. Term
insurance does not build cash value. If you stop paying your
premium, the insurance expires. This insurance generally is less
expensive than other types of life insurance. |
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What is whole life insurance? |
Whole life
insurance is meant to be kept in force throughout your
entire life. An important feature of whole life insurance is
the accumulation of cash value. The cash value is the cash
available to borrow against the policy, or the value of the
policy paid to the policyowner when the contract is
surrendered before maturity. Any withdrawal of cash value is
treated as a policy loan and interest accumulates based on
the loan amount. If you do not pay back the loan, the death
benefit is reduced by the outstanding loan amount.
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I don't
understand some terms in my policy. |
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We understand
that some of the language and terms in your insurance policy may be
hard to understand so we have added a comprehensive
glossary to our website to assist
you in better understanding your insurance policy. Of course,
please feel free to call our office anytime if you need further
clarification of anything in your policy. |
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