Why You Need Condo Insurance

When it comes to protecting your home it is important to have the right kind of insurance. If you live in a condo though you will need specialty condo insurance. This is a bit different from your traditional homeowner’s insurance, but it goes the extra mile to offer your home the protection you want. And if you live in the greater New Rochelle, NY area Marenco Insurance is here to help.

Combination of Renters and Home Owner’s Insurance

Condo insurance is important as it protects your property not only from internal issues but in the event of a building fire or other damages that your property might sustain living in such close proximity to other residents. With more people living in a singular building, there is a greater risk of property damage from others living around you. Condo insurance helps protect you from this kind of issue. In this way, it is similar to renter’s insurance. 

Investing In The Right Condo Insurance

Condo insurance is the home owner’s insurance of a condo building. However, you will want to talk it over with your HOA to find out if there is a specific kind of insurance you need. Some buildings do have agreements with local insurance providers, so prior to making any arrangements, you’ll want to have this discussion with your building. 

If you live in a condo you need to do what you can to protect your property. One of the best ways to do this is with the help of condo insurance. Condo insurance is an essential tool to have and it protects your home, even with close proximity to others living in the building. So, if you live in greater New Rochelle, NY, make sure to give the team at Marenco Insurance a call today. 

Does Auto Insurance Cover Renting a New Car?

When you wreck your car the last thing you want to worry about is your rental car. In most cases, your car insurance will cover the cost of a rental but will it cover the cost of renting a newer car or just the beater that they keep in the back. For those that live in the New Rochelle, NY area, the agents with Marenco Insurance can help you find the policy that works best for you.

Your insurance is going to cover the cost of renting a car but it may not cover the cost of renting a very expensive and very new car. In most cases, your insurance is going to have a preferred dealership or rental agency that they work with or they may even have their own rental cars. They are also going to have a threshold or a limit to how much the car can cost every day for rental. This is to help make sure that someone that is going to need a rental car for a week does not rent a car that costs $1,000 a day to rent.

In many cases, you can contact your insurance agency to find out just what your policy covers and to find an acceptable rental agency that your insurance is going to pay for so that you can get back out on the road. It is always best to go for a mid-range rental car that is going to get the job done but that perhaps is not a hugely expensive car. For those that live in the New Rochelle, NY area, the agents with Marenco Insurance can help you to find the coverage that is going to work best for you and for your needs and wants.  

How commercial insurance can help your new Rochelle business

Owning a business is a dream that many people have. When you own your own business, you will have the ultimate control over your success. If you have a good business idea, it could prove to be a very rewarding adventure for you. When you are looking to build a business, it is important that you are properly protected. For a New Rochelle, NY business owner, having commercial insurance at all times could prove to be very beneficial. 

Protects Assets

When you are the owner of a small business, you likely will need to invest a lot of personal and business capital to acquire certain assets. Whether this is inventory, equipment, or even real estate, you will need to ensure you have insurance backing your assets up. Those that have a full commercial insurance policy will help to protect these assets in the event they are damaged or you experience some other types of losses. In some situations, this insurance could even help to ensure your business stays solvent.

Liability Protection

A small business owner also needs to be conscious of their liability risks. Whenever you sell a product or service to a customer, you are taking on some liability risk. When you purchase a commercial insurance policy, you are going to receive protection up to the level of your policy for this risk. This could prove to be extremely beneficial in situations in which you are going to be liable.

If you are looking to protect your New Rochelle, NY business, you should contact Marenco Insurance. The professionals at Marenco Insurance know all about how commercial insurance can help a business. They can then help your business to get into a great policy that provides the necessary protection. 

What to look for in a home insurance policy?

Owning a home can be a great idea for anyone that is looking for a long-term commitment to the place where they are going to live. When you purchase a home, there are many important responsibilities that you needed to take seriously. One important responsibility is the need to get a quality home insurance policy. There are several things that you should look for when you are choosing a new home insurance policy for your property.

Level of Coverage 

One of the first things that you need to consider when getting a home insurance policy is the level of coverage that you will receive. You will want to make sure that your home insurance policy provides you with an adequate amount of coverage for the actual property, personal liability, and your personal belongings. This process should also ensure you are getting the right coverage to comply with your mortgage loan agreement.

Risks Covered 

Additionally, you should also make sure that all relevant and necessary risks are properly covered by your policy. Your home insurance policy may not cover certain types of damage. It is important to make sure that all potential losses are properly accounted for in your home insurance policy. This can be done by either getting a more expansive policy or purchasing additional coverage.

If you would like to learn more about your home insurance options for your New Rochelle, NY area home, you should reach out to the Marenco Insurance. The professionals at the Marenco Insurance are very aware of all the benefits that come with a home insurance policy. They can help you better understand your needs and make sure that you get into a policy that provides you with the right type of protection for your New Rochelle, NY area home.