Aggressive dog list is no more!
In case you haven’t heard, NY State has ruled that using an aggressive dog list for a homeowner and/or landlord is illegal now. They can still ask the question if any dogs in the property but not underwrite for an…
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Address: 8665 Sheridan Dr, Williamsville, NY 14221
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Phone: (716) 684-3203
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Email: tom@larseninsurance.com
Category Luxury homeowners
Owners of luxury or affluent homes need specialized coverage
Tree’s Falling on My Rental House! Who’s Claim is it?
Q – My neighbors tree fell on my rental house damaging the gutters, downspout and damaged some siding. Now what do I do? A – Unfortunately, this is your claim, since the neighbor was not negligent in the tree falling.…
What is the 5-Door or More Program For Landlords in NY?
Our insurance companies (Three actually) have unique programs that will insure 5 doors or more. For you that means 5 single family homes or 3 double rentals or a 3 unit and 4 unit rentals that equal 5 doors. Many…
Smart Flips: Essential House Flipping Techniques for the Senior Investor
House flipping offers an exhilarating opportunity to generate substantial rewards but requires meticulous strategy and precise execution. As a senior venturing into this field, you’ll encounter unique challenges that come with equally rewarding opportunities. This Larsen Insurance guide reveals essential strategies that…
Luxury Home Sub-Limits Explained here.
Consumers don’t realize there are sub-limits built into most “main street” homeowner policies. I did my best to explain it in a quick one-minute video here:
Rebuilding Your Upscale, Luxury Home in New York.
Many homeowners don’t realize that their insurance limit on their home just isn’t the figure in Coverage A. Coverage A id what is stated on your homeowner policy of what your home is covered for. Many “main street” insurance companies…
Luxury Homeowner Gaps of Coverage is often overlooked.
Why you may have inadequate home insurance coverage. Inside every homeowner policy is what is called “sub-limits” of coverage. Like jewelry for example, maybe $1,500 maximum per piece, $5,000 total coverage. Or could be $5,000 for sewer/water backup in your…
Is it common for home owners’ insurance rates to increase after filing a theft claim?
No. Rates are not like car insurance where they get surcharged for an accident. Insurance companies can either renew the homeowner policy or non-renew due to claims activity.
Is it common for home owners’ insurance rates to increase after filing a theft claim?
No. Rates are not like car insurance where they get surcharged for an accident. Insurance companies can either renew the homeowner policy or non-renew due to claims activity.
How does other states insurance affect New York State?
Tom’s Thursday Thoughts: Insurance can often be confusing & misunderstood. When a national insurance company says they have a 128% loss ratio, that means they are losing $28 for every $1 they take in. The bottom line result – raise…