How to Select a Deductible for Your Auto Insurance Policy

Posted on September 30, 2025September 24, 2025 by admin

Any vehicle owner in Elmira, NY, is required to purchase the minimum auto insurance mandated by New York law. However, you have the option to choose your deductible, giving you control over how much you spend on insurance each month.

Setting a Deductible: How It Works

The higher your deductible, the lower your insurance premiums will be. However, a high deductible means you will need to pay more out-of-pocket if you are involved in a vehicle accident compared to having a lower deductible. Many experts recommend setting a deductible that you can realistically afford in the event of an accident.

Ask your insurance agency for policy quotes with both high and low deductibles. This will help you determine if raising your deductible is worthwhile and allow you to choose the policy that best fits your financial situation.

It is also a good idea to learn about your insurer’s policy regarding deductible changes. Many insurers allow clients to adjust their deductible at any time, making it easier to adapt your policy to meet changing needs. However, please note that policy changes may take some time to take effect. This is especially important if you are considering lowering your deductible before a long or potentially risky trip.

Need More Information? Stewart Agency Inc. Can Help

Stewart Agency Inc. offers a variety of auto insurance policies for drivers in and around Elmira, NY. We can assist you in reviewing different policy options, setting an ideal deductible for your new policy, and more. Contact us today to learn more about our offerings or to request price quotes.

Your Commercial Insurance Coverage Needs Can Change As Your Business Grows

Posted on August 29, 2025August 22, 2025 by admin

The right business insurance protects your company from unexpected costs and ensures its financial stability. As your business grows, you may add new operations or personnel that require specialized coverage. Periodic reviews of your current insurance policies can help identify areas of vulnerability. At Stewart Agency Inc. in Elmira, NY, we can help you secure the right policies to meet your company’s evolving needs.

Types of Commercial Insurance Policies

A wide range of insurance coverage is available for businesses, depending on your specific needs. General liability insurance is a standard policy, and workers’ compensation is typically required by the state if you have employees. Property insurance, income insurance, and key personnel insurance can protect your business from expensive losses due to unforeseen circumstances. Additional coverages, such as product liability, cyber liability, and umbrella policies, may also be necessary depending on your operations.

Changing Situations Require More Insurance Protection

As your business evolves, new circumstances may require additional insurance coverage. For example, hiring a professional staff member may necessitate “errors and omissions” insurance. Adding vehicles to your business fleet will require commercial auto coverage. Purchasing a building for your operations may call for commercial property insurance. If your business relies on customer data, cyber liability insurance may be essential. These changes and others can impact your need for new or updated policies.

Choose Stewart Agency Inc. for All Your Commercial Insurance Coverage

A thorough review of the changes your business has undergone in recent months may reveal gaps in your insurance coverage that could hinder your growth. Our experienced agents can help you understand how commercial insurance protects your interests. Contact Stewart Agency Inc. in Elmira, NY, today for a no-obligation quote on insurance tailored to your company’s changing needs.

Do I Need Special Insurance For My Vintage Convertible?

Posted on June 30, 2025June 24, 2025 by admin

Owning a vintage convertible is more than just having a stylish ride or a source of pride—it’s often an investment, a passion project, or a piece of automotive history. If you’ve recently acquired a classic car that’s a vintage convertible—especially one with a soft top—you might be wondering if standard auto insurance through Stewart Agency Inc, serving Elmira, NY, is enough to protect it. In most cases, the answer is no.

Why Standard Insurance Isn’t Always Sufficient

Traditional auto policies are designed for everyday vehicles that depreciate over time. They don’t typically account for the unique value or limited use of a vintage convertible. If your car appreciates in value or is rarely driven, a standard policy might not offer adequate protection in the event of theft, damage, or a total loss.

What Makes Classic Car Insurance Different

Classic car insurance is specifically designed for vehicles like yours. It often includes agreed value coverage, which means you and the insurer decide upfront what the car is worth, and that’s what you’re paid if the vehicle is totaled. This avoids disputes over depreciation and provides greater peace of mind.

Policies also tend to include flexible mileage limits, coverage for restoration work, and protection at car shows or in storage. Since vintage convertibles often feature delicate tops, specialized parts, or custom paint, this type of insurance is specifically designed to address these details.

Coverage Tailored to Your Collectible

In New York, if your vintage convertible is more than 15 to 20 years old and not used as a daily driver, classic car insurance may be a better fit. Please speak with an agent at Stewart Agency Inc., serving Elmira, NY, who understands collector vehicles to determine what coverage makes the most sense for your car and how it’s used. Protecting your investment properly starts with choosing the right type of policy.

HOW CAN WE HELP YOU?

Elmira Office

Corning Office

Insurance rates that can make you smile

Insurance Matters... So Should Your Stewart Agency, Inc.

Insurance doesn't have to be complicated, email Us with your questions

Online Quote

Tag: insurance