Ask Sherri: Does My Homeowners Insurance Cover A Wedding?

Dear Sherri,My daughter is getting married next year so I just booked a caterer, a Hall, and a very expensive wedding dress and had to place a very large deposit for each of those items. If something were to happen, such as the caterer goes out of business before the wedding, how would I go about getting back my deposit? Does my homeowners insurance cover this? – Getting Cold Feet

Dear Cold Feet,Congratulations for your daughter and my condolences to your bank account! Unfortunately, your Homeowner’s policy would not cover you for this. What you need to do is purchase Wedding Insurance. This type of insurance protects you for lost deposits, ruined photos, flowers that don’t show up in time, wedding gifts that are damaged, lost or damaged wedding rings and a host of other perils up to and including problems with their Honeymoon Suite. Unfortunately, it won’t cover you if your daughter or her fiance back out at the last minute. That will just need a mother’s tender loving care …upside the head! So call your agent today for details about Wedding Insurance. And if none of that works, I recommend that you discreetly recommend eloping! – Sherri

The Best Life Insurance Policies for 50-Year-Olds

By Team Member | April 18, 2024 | 0 comments

Why is life insurance more expensive for people over 50? The older we get, the more expensive life insurance becomes due to rising mortality rates. Also, the longer we live, the greater the likelihood that health events will occur. Cardiovascular fac...

Are Business Premiums Tax Deductible? (Garden City, NY)

By Team Member | April 12, 2024 | 0 comments

Every business owner wants to make sure they take advantage of all the tax deductions that they can. And a common question regarding business insurance is whether or not premiums are deductible. To start with – we all know that taxes are a comp...

Pitfalls in Cyber Insurance Coverage and How to Avoid Them

By Team Member | April 9, 2024 | 0 comments

Cyber insurance serves as an effective safeguard against a cyber attack by providing time-critical resources and indemnifying your organization for losses. While it’s essential to cover the direct costs associated with a data breach or ransomware a...

Mitigating Cyber Risks of Human Error

By Team Member | February 15, 2024 | 0 comments

Still, it’s been the same way for 10 years. People are what get breached, not systems for the most part for businesses. Especially small to mid size businesses. It’s the people that are breached through some type of process, be it phising...

How Much Business Interruption Coverage Do you Need?

By Team Member | February 15, 2024 | 0 comments

You’re gonna have to take into account your revenue and expenses and you’re gonna have to boil that down to one simple number. You’re gonna have to say, ok, if my business is down for X number of days, what does that cost to me as a...

Cyber Insurance Sub-Limits on Wire Transfer Fraud Coverage

By Team Member | February 14, 2024 | 0 comments

Just to clarify – social engineering, sometimes it’s called funds transfer fraud. In layman’s terms, wire fraud is used often to describe it. I call it the 21st century con. It’s a 21st century digital con. It’s when som...

What is Business Interruption in a Cyber Insurance Policy?

By Team Member | February 13, 2024 | 0 comments

So business interruption indemnifies your firm for loss of income caused by a cyberattack – that shuts down your network, software applications or hardware. And it will also pay for extra expenses, which are additional costs you might incur whi...

Does Cyber Insurance Cover Reputational Harm?

By Team Member | February 13, 2024 | 0 comments

Reputation is so important. In fact, we sometimes find that the financial loss due to the reputational damage can be greater than the direct costs associated with a breach. There’s a reason why cyber attacks are believed to be highly under repo...

Does your Cyber Insurance Cover Business Interruption Caused by a Cyber Attack on a Service Provider?

By Team Member | February 6, 2024 | 0 comments

It’s a good question. You know, these days it is important because we’re outsourcing a lot more of our technology, our business processes than we’ve ever done before. We’re a lot more dependent on our suppliers and service pro...

Why Choose An Independent Agency (Garden City, NY)

By Team Member | January 10, 2024 | 0 comments

Have you ever gotten a craving for ice cream? Loaded up the family and driven to the vanilla store? Of course not, because why would you go to a shop that just has one flavor when you can go to one that has 31? Believe it or not, this is the case wit...