BotH917web

43 / 86

September 2017 43 boatingonthehudson.com
theft? You may have an exclusion in your policy for off
premises theft, but may be able to add the coverage on
with an additional premium by endorsement. Higher
valued items such as jewelry, camera equipment, laptops,
golf clubs, and musical instruments can usually be
itemized and covered for theft and other perils on and
off premises often with no deductible, for an additional
premium.
RENTING YOUR OWN HOME - Air BNB is becoming
popular as homeowners realize the income they can
make renting out their own homes on a temporary basis.
Before doing this, check with your insurance company
since any loss during this occupancy may be excluded
and damage to your home or bodily injury or property
damage caused by the “tenant” may be excluded. In
New York a homeowners insurance policy requires the
occupant to be the owner. At Karas Insurance Agency we
represent companies that offer an endorsement to cover
this temporary rental situation and for an additional
premium, you can add it to your homeowners policy.
YOUR PETS - If you have a homeowners policy in New
York on a typical form, you
most likely have liability
insurance if your pet bit or
scratched someone causing
injury. There are some
policy contracts that have an
exclusion for this, so check
with your company or agent
to be sure this coverage
is in place for you. Even
if you don’t own a home, a
renters personal property policy usually automatically
has this coverage, unless there is an exclusion. Beware
there are some breeds that some insurance companies
find unacceptable such as Pit Bulls, German Shepherds,
Rottweilers, Dalmations and some other breeds and will
not issue a policy if your dog is one of the breeds (or any
mix that includes one).
Hoping you are all enjoying your summer and will give some
thought to covering your possibility for a loss during your “fun”
time. Not only can a “gap” of insurance mean financial loss,
but also create anxiety of having caused injuries or property
damage to others and facing a law suit with out of pocket legal
costs. At Karas Insurance Agencies Inc., we are a 3 rd generation,
independent insurance agency representing many companies
to serve you for over 40 years. All of our employees are licensed
in New York with many years of experience are here to provide
quotes and answer any questions about your insurance needs.
include the liability insurance for public road use and
also include the collision and comprehensive coverage,
so check with your own company to see what coverage
you may have or are missing.
CAR RENTAL - check with your insurance company to
see if your policy extends liability and physical damage.
In New York this coverage is usually automatic for
renting in the US, but I would still recommend buying
the collision damage coverage. Returning a damaged
car to the car rental agency would be problematic, time
consuming and also since they won’t “wait” to be paid
by your insurance company would most likely charge
you credit card a large amount until this is settled.
The claims process also could be aggravating if there
was not an agreement about the amount your auto
insurance company would offer to pay and what the
rental company may accept. The rental car agency
would be requesting the amount to fix or replace the
damaged car and the loss of use they would have
been able to collect for renting the car that you have
damaged.
HOTELS, CRUISES, VACATION HOUSE RENTAL -
If you have homeowners insurance, in New York, your
policy should “follow you” providing liability insurance.
But what about your personal property? Subject to
your deductible, you should also have coverage for fire,
water damage and some other perils, but what about
Cathy J. Karas, President, Certified Insurance Counselor Karas
Insurance Agencies Inc., 321 South Riverside Ave, Croton-on-
Hudson, NY 10520. You can reach us by phone 914-271-5188
or email
Disclaimer: This article is for informational purposes only.
For details and coverage insurance information on your own
policy, contact your insurance broker or company.
photo: funnyjunk.com