Will your boat insurance keep you afloat this summer?

Boat

With the warmer temperatures and sunny skies near, boating season is officially here! As you prepare your boat and look to embrace the summer season, do you ever wonder if you have adequate coverage or what else determines your insurance rate? Let us share some boating information with you.

Your basic boat policy will include Physical Damage, Liability, and Personal Property coverages. Physical Damage covers the boat in the event of collision, sinking, fire, and/or theft. In some cases, it may also cover your motor, auxiliary and fishing equipment. Liability protects you in the event of personal injury and/or damage to someone else’s property. Personal Property coverage extends to the personal belongings on the boat, including your clothes, entertainment equipment, etc.

Other characteristics that could factor into the pricing of a policy may include:

  • Age of Boat — how old is your boat?
  • Length  — What is the size of your boat?
  • Value – How much is your boat worth?
  • Speed/Horsepower – How fast is your boat?
  • Type — Is your watercraft an Inboard, Outboard, utility, cruiser, bassboat, saltwater fishing, or performance boat?
  • Territory/Usage — Will you sail your boat on an ocean, lake, bay, or river? Are you using this boat as a primary residence? Is it being used for racing purposes?

Valuation methods also factor into pricing and determine how much you will be paid in the event of a loss. The two most common valuation methods are Agreed Value and Actual Cash Value.  “Agreed Value” is based on the boat’s value when the policy was written. While it can cost more up front, there is no depreciation for a total loss of the boat. On the other hand, “Actual Cash Value” will only pay up to the value of the boat at the time the boat was lost or damaged.  These policies cost less up front, and depreciation is factored into the valuation.

Have more questions about your rate and the opportunities you may have to increase/upgrade your coverage? Feel free to contact us so that we can review your options. Otherwise, it’s time to sit back, relax, and enjoy your time in the sun on your boat!

2017 Mother’s Day Message from Our President

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Mother’s Day is a day to reflect on the lives of the special women who have impacted your world like no one else.  They may be your mom, a relative, a friend, a neighbor, a doctor, a teacher.  She is any woman that has the gift to help you realize your potential and worth, help you through the tough days, share your joys on the awesome days, and simply help you love and be yourself.

On this Mother’s Day, I celebrate and honor the amazing woman in my life, my Mom.  Her soft voice and encouraging words help to always keep me grounded and focused during my busy days leading our Petschauer team.  She truly is like a mother to each of our team members in the office. During those care free days we spend together, she makes me laugh and helps me feel so loved and relaxed.  There are no words to express how grateful I feel for her constant love and support throughout my life.

I wish you a very Happy Mother’s Day filled with love and laughter, as you are being celebrated and honored for all you do.

For those of you whose special women are no longer present, may the memories of their lives and love fill your hearts and your Mother’s Day with smiles and joy, as they are with you in spirit.

Happy Mother’s Day!

Helping You Understand Your Co-Insurance Clause

NYC apartmentDo you ever wonder why you are required to purchase building limits higher than you believe are necessary? If so, you are not alone. Insurance companies require you to buy building limits of insurance to satisfy the “Co-Insurance” clause in your policy.

Let us tell you more about Co-Insurance and why it’s an important part of your policy.

Co-Insurance requires that a home or business owner have a limit of insurance that is at least 80% of the total replacement cost of the property. Failing to meet this limit of insurance will result in a penalty and you would share in the loss. Here is how the penalty breaks down:

Co-Insurance Formula:

Amount Carried divided by Amount Required, multiplied by The Loss = Payment

Example #1:  80% Co-Insurance with inadequate limits:

Amount Carried: $160,000
Amount Required: $200,000
Total Replacement Cost: $250,000
Loss: $100,000
Payment: $80,000

(160,000 / 200,000) X 100,000 =$80,000 payment. (The insured did not meet the 80% required, so they are a Co-Insurer in the amount of $20,000)

Example #2: 80% co-ins with adequate limits:

Amount Carried: $200,000
Amount Required: $200,000
Total Replacement Cost: $250,000
Loss: $100,000
Payment: $100,000

($200,000 / $200,000)  X 100,000= $100,000 payment. (No co-insurance penalty applies.)

You may initially believe that committing to a conservative building limit would be a way to save money. In the long run, however, it would be unfortunate to encounter a loss and be left without adequate coverage.

If an insurance company determines you have purchased the proper limit, they will sometimes add terms to waive the co-insurance penalty. You can also ask your agent if you qualify for the “Agreed Amount Endorsement” to see if you can void the co-insurance clause.

The time to find out that you are not adequately insured is not the time of your loss. Be safe, protect your assets, and contact us for more information about your co-insurance clause.

Helping You Prepare for the Season of Spring

Spring Cleaning

Spring is here and we can officially look forward to warmer temperatures. As we thaw out from the winter weather, the months ahead will also provide us with the opportunity to open up the windows and start our annual spring cleaning rituals.

As you look to enjoy the season, here are some safety tips to keep in mind:

  • Turning on fans, in addition to opening windows, is also a good idea when using chemicals.
  • When spraying pesticides, wear long clothing for protection and let the given areas air out for an hour or so.
  • To avoid confusion, keep chemicals in their original bottles to help you keep note of expiration dates and remain mindful not to mix things together that may create dangerous gases.
  • As the temperatures warm up, the heavy snow from the winter season will continue to melt. Spring can also lead to rainstorms. Both of these weather conditions could result in potential flooding, so you would benefit from knowing the safe routes in and out of your house. Unfortunately, flood damage is not usually covered under a homeowners policy. You may want to contact your agent about flood insurance.
  • Prepare your home with a first aid kit, flash lights, extra batteries, nonperishable food, and bottled water.
  • Keep contact information for utility and related companies handy in the event of an emergency.

Spring Flowers

Allergies are also common during springtime. Exposure to pollen can result in itchy eyes, runny noses, fatigue, and more. Here are steps you can take to remain healthy:

  • Take an opportunity to plan your seasonal outings accordingly. Going out on non-windy days will help limit your exposure so you can enjoy your day
  • Park your car inside a garage and away from trees, if possible. This will help you avoid pollen and mold spores.
  • In the interest of spring cleaning, washing your hands, vacuuming rugs, and changing sheets often will lessen the chances of pollen clinging to material in your home.

It’s easy to get excited about spring time and the changing of seasons. Keeping the above reminders in mind to ensure your health and safety will make it even easier to enjoy this fun time of year!

Celebrating “Love Your Pet Day” 2017

Heidi's dogs in winter

As we celebrate “Love Your Pet Day” on February 20th, it only seems appropriate that we recognize our President Heidi Petschauer’s love for her dogs. For years, she has demonstrated a selfless passion, donating her own time and money to the care of animals in need. Heidi has volunteered at Pets-Alive animal shelter and works closely with the Tri-State Collie Rescue to ensure a higher level of care and better overall life for dogs.

Heidi has a special place in her heart for senior Collies. Over the last twelve years, Heidi has adopted five different senior Collie rescue dogs. This stems from her belief that such animals are not only deserving, but appreciative of and receptive to the love someone like Heidi provides.

In a true act of dedication, Heidi impressively taught Vanna, a deaf dog and one of her earlier rescues, the art of sign language. She came to understand that the dog was able to communicate through sign and added vibrations as well. She was nine years old.

Heidi currently lives with and cares for two nine year old Collies that she rescued three years ago. Dobie, a gorgeous Rough Collie, is 80% blind. Gracie is a mixed Smooth Collie who maneuvers on three legs after recently going through an amputation of her front left leg. Heidi says that Gracie’s passion to live, much like her own to love and embrace her pets with open arms, has never wavered. Even prior to adopting Gracie, Heidi paid for her care and treatment while waiting for a forever home. She later drove from New York to Cleveland, Ohio to adopt Gracie herself. Heidi took a road trip to Detroit, Michigan to rescue Dobie.

We are fortunate and grateful for the special display of integrity Heidi continues to show through her passion.

Preventing Ice Dams and Winter Roof Damage

Ice Dam

We hope that everyone has remained safe through this snow storm. Now that the snow has fallen, it’s time to think about the ice dams that are likely to form and follow. In an effort to help keep you informed of some of the best practices, allow us to share some helpful tips surrounding ice dam prevention and/or removal.

An ice dam forms when melting snow freezes at the edge of your roof line. If you do not remove the snow, you run the risk of the ice dam growing large enough to keep the water from draining off the roof.  The water could then back up underneath the shingles and find its way to the interior. This can damage your roof, attic, and upper levels of your building.

How do you tell if you have an Ice Dam?

  • Look for large icicles hanging from the gutters and sides of the roof, as this is a sign that water may be trapped on your roof
  • Look for water stains in your attic ceiling or exterior walls

Steps you can take to prevent an Ice Dam:

  • Remove snow from your roof after every heavy storm before it freezes by using a roof rake.
  • Make sure that leaders and gutters are clear of leaves and debris so melted snow can drain properly
  • Insulate your roof and attic.
  • Seal up any holes in the roof that can cause water to seep through
  • Make sure any vent pipes, exhaust fans, chimneys, attic fans, and light fixtures are properly insulated and sealed.
  • Install a leak barrier underneath the shingles to act as an additional preventative measure, as it keeps water from seeping inside your building.

Tips for removing an Ice Dam:

  • Call a roof professional. If this is done incorrectly, you may cause further damage to your roof.
  • Do not use rock salt to melt the ice, as this could lead to even more damage.
  • If you do choose to remove it yourself, you can use calcium chloride to melt the ice.

As the cold winter months continue, please be proactive and prepare for the possibility of an ice dam forming on your roof. Doing all you can to prevent an ice dam will alleviate your stress and bring you closer to a worry-free season. We hope you all remain safe.

Having A Safe and Happy Super Bowl Party

snack food

If you’re planning to host a Super Bowl party, the entertainment is already taken care of. From the big game itself, to the famous commercials and happening half time show, there’s always something to enjoy. Of course, there’s good food and drinks to think about as well. It’s always good to stock up on chips, dip, drinks and other snack time favorites.

That’s not all there is to being a good host. As you check everything off your Super Bowl itinerary list, allow us to share some helpful party safety tips to ensure your guests enjoy themselves and everything goes smoothly.

Personal Liability: Do you have enough liability? Please keep in mind that personal liability laws vary state by state. Familiarize yourself with the laws beforehand so that you know what to pay close attention to as the party progresses.

Closest thing to a “warm” welcome: The forecast calls for “a full day of sunshine” when the Falcons and Patriots take the field in Houston, Texas. Given that the winter months in New York can sometimes lead to rain, snow, ice, and other conditions of the like, it may pay to take precautionary measures. You can make sure your walkway is shoveled and cleared of ice. As guests arrive, clean and dry an otherwise slippery floor. This will help you set the mood for a good time by avoiding any injuries.

Keeping Everyone Safe: There are many things you can do to ensure guests have a good time at your party. We understand it’s easy to get distracted while having fun. Please be mindful not to serve uncooked food. With buffalo wings a popular snack for this occasion, keep stray bones away from any pets scurrying around. The big game can lead to heated debates amongst passionate fans (and being on the losing side can be even more disappointing), so do what you can to discourage arguments and fights. There are always calm ways to diffuse these types of situations.

Go Home Happy: Even if your guests’ favorite team loses the game, you can still play a role in helping them go home without a worry. If alcohol is served, perhaps you can offer a prize to whoever volunteers to be a designated driver. Some hosts opt to stop serving alcohol toward the end of the evening and switch to soft drinks and coffee. Should guests be drinking too much, take their keys and arrange beforehand to have a cab service ready to provide rides back home.

Do you understand the Personal Liability Laws that apply to your state? Contact us today to review or increase your coverage. Enjoy the game!

Super Bowl LI Traditions and Treats From Petschauer Insurance

Chips & football

The Super Bowl is one of America’s favorite past times. Even if you aren’t the biggest football fan, the big game serves as a great opportunity for family and friends to come together. In addition to the game highlights, there are commercials and good food to enjoy, with fun activities to partake in. With Tom Brady and the Patriots set to face off against Matt Ryan and the Falcons this Sunday, our team at Petschauer Insurance would like to share some of our favorite traditions, recipes, and venues with you.


Game Day Traditions: 

We have Bourbon Tasting during half time.   Everyone brings a bottle of bourbon (we look for something special or new) to the host’s house.   During half time, we all try the different bourbon and then judge and vote for the best bourbon of the year. The host gets to keep all the bottles everyone brought.   It’s very collaborative and fun!   — Rosmarie Wyszinski, Office Manager

We play “quarters.” Each participant puts 25 cents in a bowl at the start of the big game.  The party host is the first person to hold the bowl.  Each time a play is made and no points are scored, everyone adds 25 cents to the bowl and the bowl is passed along to the next person.  When one teams scores, the person holding the bowl is the winner of the contents.  We then start the process over again, with one exception; the person to the left of the winner starts off with the bowl. – LuAnn Schook, Commercial Lines Manager


Recipes:

Office Assistant Tina Rustyak’s Spinach Dip:

INGREDIENTS and STEPS

  • 1 box (10 oz.) frozen chopped spinach, cooked, cooled and squeezed dry
  • 1 container (16 oz.) sour cream*
  • 1 cup Real Mayonnaise
  • 1 package Vegetable recipe mix(dry soup mix)

Serve: cold on large hollowed out bread. Enjoy!

Commercial Lines Account Executive Renee Ohms’ Chili Cheese Dip:

INGREDIENTS and STEPS

  • 2 bars cream cheese
  • 2 cans chili with beans
  • 1 extra  large  jar of medium or hot salsa (whichever you prefer)
  • 1-2 bags ( 3-6 cups ) shredded “ taco” cheese (usually Monterey Jack/Cheddar)
  • Spread cream cheese on bottom of glass or corningware baking dish
  • Spread chili on top of cream cheese
  • Strain the salsa in a colander until the excess liquid is gone and add the salsa on top of the chili layer
  • Spread the shredded cheese on top of salsa
  • Bake on 350 degrees until the cheese is melted

Serve: With taco chips. Optional: Add cut black olives &/or sour cream on top to serve.

Personal Lines Account Executive Lori Halloran’s Cherry Bombs:

INGREDIENTS and STEPS

  • Drain Maraschino cherries (keep stems)
  • Soak in vodka (or your favorite alcohol) for 24 hours
  • Drain & dry cherries
  • Dip cherries in melted chocolate
  • Then dip into colored sprinkles (optional)
  • Save cherry flavored alcohol for use later in your favorite cocktail!!

Recommended Super Bowl Venues:

Gottscheer Hall,  657 Fairview Ave. Ridgewood, New York

No cover! Great prices on game day snack favorites.

Click here for the regular menu.

Plattduetsche Park1132 Hempstead Tpke. Franklin Square, New York

Hosting an open bar, all you can eat wings, and a halftime buffet. All included for $50 dollars ($60 at the door).

Click here for more Super Bowl specials.

Paulaner NYC, 265 Bowery, New York, NY 10002

No cover! Great prices on food platters and freshly brewed German beer right in the restaurant. With two projection screens and two more flat screens, you have a great view of the game from any seat in the house!

Click here for more Super Bowl specials. 


Study Up Before The Game!

Those who aren’t huge football fans may still enjoy watching the big game. If that includes you, take a look at the video clip below for a crash course on the matchup between the Patriots and Falcons.

Preparing For A Nor’easter

Fallen tree

In anticipation of the forthcoming Nor’easter, allow us to share some of these helpful tips as you prepare. Here are suggestions of what to keep an eye on before, during, and after the storm hits.

  • Check skylights, vents and chimneys to make sure that no repairs are needed and everything is tight and secure from any water leakage.
  • Check leaders and gutters to make sure that they are clear of leaves, tree branches and any other debris. Clogged downspouts often lead to freezing and ice damage later in the season.
  • Check to be sure that trees and branches are trimmed back and pruned, so that dead branches or tree overhangs do not fall and damage your roof, chimney, skylights, windows and doors.
  • Reach out to your neighbors to see that everyone remains safe and in good spirits through the storm. This is an opportunity to embrace the importance of community and lend a helping hand to those in need around you.
  • Check to be sure furnaces are cleaned and in good working order, so that you do not run the risk of being without heat.
  • Check carbon dioxide and smoke detectors, making sure that they are working properly and the batteries have been changed.
  • Check water pipes for any leaks because a small leak can be managed by changing a pipe or repairing a portion of a pipe. If you have an automatic sprinkler system, be sure to contact your service company for a shut-off as well. A large leak can be a nightmare and do considerable damage to your home.
  • Check your electrical outlets, plugs and cords for any deficiencies such as wear and tear, overload, and fraying cords.
  • With power outages to be anticipated and the roads expected to be dangerous, shop for non-perishable foods before the storm hits. Refrigerated food will only stay safe for up to four hours after a power outage. Click here to see a guide of all specifics.

Maintenance is the key to preventing homeowner claims that may be caused by the elements. We urge you to embrace this opportunity to safeguard your home. We hope that you all stay safe through this storm and the rest of the winter season.

2017 New Year’s Message from Our President: Heidi Petschauer

 

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In 2016, we at Petschauer Insurance, focused on putting down our roots in our new home here in Garden City. Our goal was to enhance our client experience by promoting our brand of honesty and integrity so that we could continue building strong and trusting relationships.  It was also equally important for us to promote our brand within the Petschauer Team. We believe that being honest, relating with integrity and building trust by using our collaboration skills, enables us to work together as a team so that we can share our knowledge with you. Together, we can build the best insurance protection plan so that all your needs are covered.

I wholeheartedly thank my entire awesome Petschauer Team for their continued dedication and commitment to enhancing their insurance knowledge and for embracing our professional development and values. Their amazing perseverance, independence and team spirit is what fuels our success.

I also thank you, our clients, for giving us the opportunity to help protect you and provide you with the most current information to help you make good insurance choices for you and your family.

As this New Year begins, I wish everyone health, love, happiness and success throughout 2017.

HAPPY NEW YEAR!