RV Ownership Surge: Exploring the Booming Market and RV Insurance Implications

Posted on April 26, 2024April 23, 2024 by admin

The surge in RV ownership around the Elmira, NY region reflects a growing trend towards recreational travel and lifestyle flexibility, fueled by changing consumer preferences and economic factors. As more individuals and families embrace RV ownership, it’s essential to understand the implications for the RV market and considerations for securing adequate insurance coverage.

Booming Market for RVs

The RV market has grown recently, driven by increased interest in outdoor recreation, remote work opportunities, and a desire for exploring. This surge in demand has led to expanded offerings of RV models, ranging from motorhomes and travel trailers to camper vans and fifth wheels, catering to diverse preferences and budgets. The accessibility of RV financing options and availability of RV rental platforms have also contributed to the market expansion, making RV ownership more attainable for a broader range of consumers.

Insurance Implications for RV Owners

RV insurance protects RV owners against financial risks and liabilities associated with recreational travel. Policies are meant to cover most physical damage to the RV, liability for injuries or property damage caused by the RV, and personal belongings stored in the RV. Optional coverage may include roadside assistance, emergency expenses, and coverage for attached accessories like awnings or satellite dishes.

Risk Management and Safety Practices

Beyond insurance coverage, RV owners should prioritize risk management and safety practices to minimize accidents and potential claims. This includes regular RV maintenance, adherence to safe driving practices, and proper storage and security measures when the RV is not operating. By taking proactive steps to mitigate risks, RV owners can enhance safety on the road and reduce the likelihood of insurance claims.

Let Stewart Agency Inc. Inform You

Stewart Agency Inc. helps answer RV insurance questions and serves the Elmira, NY, region. Call us today.

Four reasons why you might want to change your motorcycle insurance policy

Posted on March 29, 2024March 31, 2024 by admin

At Stewart Agency Inc., we understand your motorcycle insurance needs may evolve, and keeping your policy updated is crucial. This article highlights four integral reasons to consider when adapting your motorcycle insurance policy for riders in Elmira, NY.

Inclusion of Important Features

If you realize that your policy lacks invaluable features like roadside assistance or rental reimbursement, then it’s time to reconsider your coverage. These features enhance your policy’s benefits and could be pivotal in case of an accident or breakdown.

Adding Riders to Your Policy

You might frequently let others ride your bike. However, your policy may not cover these drivers unless they are explicitly added to it. Therefore, to keep you covered against any eventualities, consider adding frequent riders to your policy.

Importance of Superior Customer Service

Your insurance provider’s customer service can influence your satisfaction with your coverage. If you face difficulties acquiring necessary information or fail to receive satisfactory service from your provider, you might want to switch to a provider known for exceptional customer support.

Need for Collision and Comprehensive Coverage

Remember that basic motorcycle insurance typically doesn’t include collision and comprehensive coverage, limiting your claim to a liability insurance payout after an accident. Ensure that your policy includes both collision and comprehensive coverage to adequately protect your motorcycle’s value.

Learn More About Your Options

Visit Stewart Agency Inc. for more insights on motorcycle insurance in Elmira, NY. Our agents are here to answer your questions and provide a custom policy quote tailored to your specific needs.

Are Other Drivers Covered by My Boat Insurance?

Posted on February 28, 2024February 27, 2024 by admin

Understanding Boat Insurance: Coverage for Additional Boat Operators

Like auto insurance, boat insurance is instrumental in protecting you from financial losses due to accidents, theft, and other unexpected incidents. But what about other potential operators of your vessel? Your insurance representative at Stewart Agency Inc., serving Elmira, NY, knows that most boat insurance policies provide coverage for other drivers and that there are important considerations to make when deciding on insurance.

Coverage Variations

It’s critical to note that boat insurance policies can vary greatly. Coverage for other operators usually falls under liability insurance, a standard feature in most boat insurance plans. This coverage is designed to guard you when someone else operates your boat and is involved in an accident causing injury or property damage. However, such coverage often depends on the other driver’s listing on your policy and the circumstances under which they were driving the boat.

Named Insured Drivers

Several insurance providers insist that any boat operator apart from the policyholder should be explicitly named on the policy to extend coverage. Inform your insurer about all potential drivers to ensure coverage. Some policies may offer flexibility, providing coverage for other drivers occasionally at the helm with your permission.

Possible Restrictions

Your policy may include restrictions based on the driver’s age, boating experience, and licensing. Some policies might not cover operators below a specified age or those without appropriate boating licenses or certifications.

While boat insurance typically includes coverage for other drivers, the specific details are governed by your insurer and policy terms. To understand who is covered when operating your boat, consult your insurance representative at Stewart Agency Inc., serving Elmira, NY. Being informed ensures optimum protection for your prized vessel and all potential operators.

Get More Liability Coverage With Umbrella Insurance

Posted on January 22, 2024January 25, 2024 by admin

If you have a home and a vehicle, you probably already have home and auto insurance to protect them. When you have these policies, it can be helpful to get more insurance coverage for them by getting an umbrella policy. Umbrella insurance is a great way to add more protection for a low price. When you want more protection from your insurance, contact us at Stewart Agency Inc. in Elmira, NY about an umbrella policy.

Liability Coverage

One of the most important types of insurance coverage that you have is your liability coverage. This is the coverage that pays for someone else’s medical bills and other expenses when there has been an accident. Generally, this is needed when the accident is considered your fault or your responsibility. You’re responsible for what your car does as well as for any accidents that happen on your property. With umbrella insurance, you get more liability coverage for both your home and auto policies. This is like an extra blanket or umbrella to protect you in case of serious accidents.

Paying Overages

Your home and auto insurance each have a specific amount of coverage for liability. This, however, may not be enough. When someone has an expensive accident, your home or auto insurance may not have enough liability coverage to pay for it all. That’s why you need umbrella insurance. If there is an overage after your home or auto policy pays out all it can, you’ll have your umbrella policy come in and pay the remainder. These policies have very high maximum payouts so that you’re well-protected.

Get Your Umbrella Insurance Policy

If you need more liability coverage, an umbrella policy is the cost-effective way to get it. To get started, call us at Stewart Agency Inc. in Elmira, NY, and learn more.

Should I Add Additional Coverage to My Auto Insurance?

Posted on November 17, 2023November 28, 2023 by admin

If you live in Elmira, NY or surrounding areas, you must have auto insurance coverage on your vehicle. New York residents are required to have liability insurance for property damage and bodily injury. A Stewart Agency Inc. agent can help you find the coverage that fits your needs.

Additional Coverage

Additional coverage can be added to your policy, along with the minimal requirements from New York. Additional coverage is not required but should be considered to ease your mind if you get into an accident or if something happens to your vehicle due to theft or fire. Additional coverage policies contain:

Personal Injury Protection pays for your injuries in the event of an accident. You can add no-fault protection, as well as Optional Basic Economic Loss, to your coverage.
Additional Liability or Property Damage Insurance
Uninsured or Underinsured Motorist protects against injury you, your family, or your passenger might suffer if a driver hits you and is uninsured.
Supplementary Insurance increases your liability insurance to allow for more coverage.
Collision pays for damage to your vehicle due to colliding with another automobile or an object, whether the accident is your fault or not.
Comprehensive Insurance covers harm to your vehicle from causes other than collisions like theft, fire, weather-related, glass break, or vandalism.
Accidental Death and/or Dismemberment Insurance
Other services include towing and labor, rental reimbursement, and mechanical breakdown coverage.

Call our Elmira, NY Office Today

If you want to get insurance for your vehicle and want to know more about additional coverage, call a Stewart Agency, Inc. agent today. New York only requires drivers to have property damage and liability for bodily injury. They will be able to assist you in finding the right coverage that fits all your needs, whether you add additional coverage or not.

How Much Commercial Coverage Do I Need?

Posted on October 20, 2023November 2, 2023 by admin

If you live in Elmira, NY and you’re going to be starting a business, then you will need to think about the type of commercial coverage you need. Trying to determine the type and how much commercial coverage to purchase can be one of the most difficult things that a new business owner must decide. Here is an overview that could help.

Do You Need Commercial Auto Insurance?

One aspect of choosing commercial insurance is determining whether you need commercial auto insurance. You will need commercial auto insurance if you have company vehicles that are used strictly for business purposes. If you opt to maintain regular auto insurance on business vehicles, then you could put yourself at risk of liability.

Do You Need to Consult an Expert?

If you are still struggling to determine how much commercial coverage to obtain, then you may need to consult with an expert. The expert will assess your business, ask you several questions about the type of business you run, and then come up with a pretty accurate amount of commercial coverage to opt for. This can save you the headache of purchasing too little or too much coverage, which is easy to do when you’re a new business owner.

Stewart Agency Inc. Is Here To Help

As you can see, commercial insurance coverage is important, but it can be very difficult to determine how much coverage to purchase. Once you have made that determination, if you need a new insurance company, then we at Stewart Agency Inc. serve the Elmira, NY area, and we’re accepting new customers. We offer several insurance coverage types, top-notch customer service, and great coverage. We pride ourselves on catering to our customers to ensure we exceed their expectations, so give us a call today so we can give you an estimate.

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