Monthly Archives: January 2016

Annual Insurance Review: Check Up On Your Policies

240_F_78183193_B9rMAcbdIxfWoVLdPD1u49aTgUTvTJGVWhile we all lead very busy lives, one thing we do not want to neglect is the condition of our insurance policies. Not reviewing your policies with your insurance agent is like never visiting your doctor for at least your annual checkup. You may get away with it for a while, but it could lead to serious problems in the future.  We recommend an annual insurance review and here are our 5 suggestions for you:

1.Request a current Schedule of Insurance. This will provide you with a snap shot of your coverages at the time of your request. Once you know what coverages are in place, you can discuss the need for any additions, deletions or changes with greater confidence and understanding.

2. Schedule a meeting or a telephone call with your agent to review ALL your policies. This will include an overall review of your Personal, Commercial, as well as Life and Health insurance needs. This is a great opportunity to review your entire portfolio including property values, deductibles, and any need for additional (excess) liability coverage. We recommend the best time to schedule this call or visit is at least 30 days before your renewal date or if you are thinking about purchasing a new location, vehicle, boat or any other type of major purchase.

3.Speaking to your insurance agent is another opportunity to discuss any changes that have occurred in your life, such as the purchase of a primary home, a rental property, a vacation home, the birth of a new baby, a new business venture or even a change in your current business operations, or personal status. This may be a good time to also discuss health care options, long term care insurance for you or your parents, life and/or disability insurance or retirement planning. Your agent can assist you in making the right choices for you and your family.

4. If you are a business owner, perhaps your business is in growth mode and you are expanding by hiring more employees. You may be required by law to provide Workers Compensation Insurance and Short Term Disability or face steep penalties depending on your state laws.  

5. Be sure to discuss areas where there may be opportunities for discounts such as multi-car, defensive driving, packaging auto, home and umbrella policies, non-smokers,burglar alarms and mature market discounts just to name a few. In today’s economic climate, any means of saving money is sure to help a family or business’ insurance budget.

A regular insurance “checkup” is like the old saying by Benjamin Franklin …. “An ounce of prevention is worth a pound of cure”.  Give us a call today and let our insurance consultants here at Petschauer Insurance assist you in making good insurance decisions for you and your family.

Wedding Insurance: Protecting The Special Day

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We are sure you want to make your wedding day the most memorable day of your life. There are lots of decisions to be made regarding the banquet hall, the food, the dress, the flowers, the most delicious wedding cake, the music, and of course the best photographer available to capture all the special moments. Yet, even though you think that you have covered every contingency, sometimes things can go wrong no matter how carefully you plan.  

There are  horror stories of bridal shops going out of business and an entire wedding party unable to get their dresses. Or what about a reception venue that suddenly declares bankruptcy a month before your special day taking with it your non-refundable deposit? Suppose the culprit is a black-out, a hurricane or a severe  weather emergency which results in a postponement of the nuptials.

While a wedding is typically expensive, the insurance to protect your wedding plans is reasonable and certainly can fit into any budget! Are you aware that you can protect your investment with a Wedding Insurance Policy for as little as $180.00? Would you say this is a small price to pay for the peace of mind?

Let us share some information:

The Wedding Protection Plan covers such circumstances as:

  • Damaged or lost wedding bands;
  • Ruined photos;
  • Damaged Wedding Gifts

AND there is more. It can also reimburse you for non-recoverable expenses if you need to postpone your wedding because of situations such as:

  • A sudden illness on the part of the bride, the groom or even their parents thereby preventing them from attending the wedding; 
  • A commercial transportation shutdown resulting in a situation where the bride, groom or their parents cannot get to the wedding;
  • A bride and/or groom who are in the military and are unexpectedly called to active duty requiring postponement of the event.

If you want to learn more about this important and affordable insurance, please do not delay. Contact us at Petschauer Insurance, and we will  be happy to share more information with you….. and no worries – you don’t have to invite us to the wedding!

Happy wedding planning and here’s wishing you a lifetime of happiness!  We can’t wait to see the photos!

 

Related articles:

The Rising Need for Cyber Liability Insurance

cyber liability insurance

With the reliance on technology in today’s data driven world the number of cyber-attacks are on the rise.  The media focuses on the larger companies suffering breaches; however, small to mid-size companies are not exempt from hackers.

Are you prepared to take on the cost of credit monitoring for your customers, as well as handling the cost of hiring a public relations firm to restore your reputation should your network suffer a breach?

An entity which gathers and stores any type of confidential personal information needs to be aware that this sensitive information may be stolen from an internal employee as well as outside hackers.  Examples of such entities include but are not limited to: Financial Institutions, Insurance Agencies, Insurance Companies, Accounting Firms, Mortgage Companies, Tax Consultants, Doctor Offices, and Dental Offices.

 The black market price of personal information, including health insurance coverage, is on the rise.

Available Coverages:

  • Network Security
  • Data Breach Notification
  • Crisis Management
  • Credit Monitoring
  • Communications and media coverage
  • Regulatory Notification
  • Legal Professional Services
  • Business Interruption
  • Privacy Notification Expense

A diligent effort should be made to explore the cost of Cyber Liability Coverage.  In today’s changing times Cyber coverage is no longer a luxury but a necessity.

When in doubt check it out!  Call – 516-419-5050 – or email us – info@jpins.com – with your contact information  today and we will be happy to consult you regarding your risk of suffering a Cyber loss and how to protect yourself from financial loss.

By: LuAnn C. Schook, ACSR, AAI, AIS 

Commercial Lines Manager at Petschauer Insurance

516-419-4263 | lschook@jpins.com

2016 New Year Message from The President

New Year 2016

As I reflect on the past year, I’d like to take this opportunity to acknowledge my team, whom I proudly call “the Amazing Team Petschauer”.  I continue to be so impressed by their commitment, perseverance and resiliency, especially during our very challenging year of transition as we moved from our original home in Ridgewood, New York to our new home in Garden City, New York.  I can absolutely say that my team embraced our professional staff development values and maintained a positive office environment by utilizing their communication skills along with their emotional intelligence to manage this major transition.  They were successful in moving the entire office, including myself, to a higher level of performance and collaboration.  Truly Amazing!

It was such an emotional experience as well.  In looking back, I must admit, I did not prepare myself or my team for this difficult process.   What was I thinking? We had 58 years in one place – how could we NOT miss Ridgewood – a community that was so wonderful to us!  We at Petschauer Insurance feel so grateful for our time in Ridgewood and hold our memories dear as we settle into our new home.   And to be sure that the spirit of our founder and my dad, John Petschauer, will live on in our hearts and new home in Garden City forever; his portrait hangs in our reception area.  The first vision when you walk in our front door is a reminder of our history and the legacy he left us.  We invite you to visit and see how his smile and spirit still lights up our day.

A special thank you from Petschauer Insurance goes out to our clients – especially our Ridgewood area clients – for your patience during our year of transition.  We so appreciate your loyalty and your business. THANK YOU!

And now, we are ready for the New Year in our new home. Our focus for 2016 will be to enhance our consultative approach and product knowledge so that we continue to provide a client experience that leaves you feeling safe, protected, understood and appreciated.  We are committed insurance professionals that aim to offer you the best solutions to your insurance needs in a way that you are comfortable with.

We at Petschauer Insurance wish you and your loved ones (furry ones included) a very happy, healthy and prosperous New Year.

  • Heidi Petschauer, CIC