LARSEN INSURANCE AGENCY
  • Home
  • Quotes
    • Property Quotes >
      • Landlords Insurance Quote
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Renters Insurance Quote
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Hair Salons Quote
      • Restaurant Quotes
      • Business Owners Package (BOP) Insurance Quote
      • Workers Compensation Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Umbrella Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Event Insurance Quote
      • Wedding Insurance Quote
      • Pet Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Policy Review
    • Contact My Carrier
    • Free Consultation
    • Client Login
  • Insurance
    • Property >
      • Landlords Insurance
      • Home Insurance
      • Earthquake Insurance
      • Renters Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Life/Financial >
      • Life Insurance
      • Umbrella Insurance
    • Other >
      • Boat Insurance
      • Event Insurance
      • Wedding Insurance
      • Pet Insurance
  • About
    • Client Testimonials
    • Refer a Friend
    • Free Reports
    • Staff Directory
    • Insurance Carriers
    • Careers
    • Agency Photo Gallery
    • Accessibility Statement
    • News
  • Blog
  • Videos
    • Landlords Insurance
    • Comprehensive Coverage
    • Independent Insurance Broker VS an Insurance Agent
    • How to Get Good NY Landlord Insurance Policy
    • Homeowner and Liability Risks
    • Homeowners Garage Insurance
    • Property and Landlord Insurance
    • Underground or Service Line Homeowner Coverage
    • Running The Game with Tom Larsen
  • Contact
    • Privacy Policy
  • FAQs
  • Newsletter
  • Luxury Home Insurance in NY
  • Workers Compensation
    • Florists Workers Compensation in NY
    • Restaurant Workers Compensation in NY
    • Grocery Store Workers Compensation in NY
    • Bakery Workers Compensation in NY
  • Business Insurance
    • Barber Shop Insurance - NY
    • Brew Pub Insurance in New York
    • Coffee House Insurance in New York
    • Business Owners Package (BOP) Insurance
    • Hair Salon Insurance
    • Restaurant Insurance

​Frequently Asked Questions

What does "totaled" mean when a car has been severly damaged by hail?

1/8/2025

0 Comments

 
Many insurance companies will use a "benchmark" - mostly 70% or more of the cost to repair vs to total out the car. So if your $10,000 car costs ore than $7,000 to repair, they will total it out and pay you the book value of $10,000 less your deductible. If it is less than 70%, in most cases, they will then repair the car.
0 Comments

How are Cyber liability insurance premiums based? Several key factors that help insurers assess the level of risk a business poses and determine the appropriate coverage.

9/23/2024

0 Comments

 
1. Industry Type
  • Certain industries are more vulnerable to cyber attacks, particularly those that handle large volumes of sensitive data, such as healthcare, finance, retail, and law firms. Businesses in these industries typically face higher premiums due to the heightened risk.
2. Business Size and Revenue
  • The size of the business, including the number of employees and its annual revenue, often influences the policy cost. Larger businesses generally face higher premiums because they may handle more sensitive data and have more complex systems, increasing the potential impact of a cyber attack.
3. Data Volume and Type
  • The amount and type of data a company collects and stores play a significant role in determining the premium. Companies that store highly sensitive information (such as credit card details, personal health information, or social security numbers) tend to face higher premiums because breaches involving this data can be particularly costly.
4. Security Measures in Place
  • A business's cybersecurity posture significantly affects its premium. Companies with robust cybersecurity defenses—such as firewalls, encryption, multi-factor authentication, regular software updates, and employee training programs—are considered lower-risk and may qualify for lower premiums.
5. Claims History
  • If a business has a history of cyber incidents or data breaches, its insurance premium will likely be higher. Insurers consider past claims as indicators of future risk, so a history of claims increases the perceived likelihood of future cyber events.
0 Comments

Q - Q - Does home owners insurance cover water damage caused by a broken water line from the toilet?

9/12/2024

0 Comments

 
 A - Yes the resulting damage from a leaking toilet is covered by homeowners insurance. The pipe itself is a maintenance issue and you must repair it at your cost but the damage to walls, ceilings, flooring is a covered claim.
Picture
0 Comments

If you are not listed as an additional driver on someone else's car insurance, but the car has full coverage, what happens if you get into an accident while driving the car?

10/7/2022

0 Comments

 
Auto insurance follows the car not the driver, per se. So the car insurance the owner has would pay for the damages done, no matter who was driving at the time (assuming permission was given). Now the insurance company paying the claim would want to know why that person was using the vehicle and whether or not that driver needs to be added to the auto insurance policy.
0 Comments

What does comprehensive coverage on an auto insurance policy cover? Does it cover theft of personal property in or around your vehicle, such as a laptop?

10/7/2022

0 Comments

 
No. Personal property - a stolen laptop, missing luggage, fire in your apartment/house - all personal property is covered by homeowners insurance or renters insurance. Auto insurance has nothing to do with your personal property.
0 Comments

Q- Why would home insurance not cover my recent repairs?

9/27/2022

0 Comments

 
​Probably a maintenance issue and not a sudden and accidental loss.
Our past UNCOVERED losses:
80 year old chimney came crashing down. Lacked mortar between brick, lacked maintenance.
40 year old boiler stopped. No water was getting into it and it seized up, lack of maintenance.
Leak behind a shower wall for 6 months. You never saw water on floor or basement? Lack of maintenance.
Insurance is NOT for the upkeep of your home. It is for sudden and accidental loss. A 60 mph wind blows shingles off your roof. A tree falls and damages your garage. A 2nd floor bathroom pipe bursts and there is damage to the 1st floor walls, ceilings and flooring……that is what homeowners insurance is for.
0 Comments

Q- How much can business insurance really protect you?

9/27/2022

0 Comments

 
Liability wise 100%! Our claims have been for a hairdresser burning someone’s scalp - $125,000. A slip and fall at a rental property - $50,000 paid. A gas company meter reader falling down basement stairs at a landlord’s property - $75,000. A broken tooth at a restaurant - $14,000 paid out. Would you want to pay these in cash if they were your business without insurance? Actual claims paid through my insurance agency.

I would not own a business without business insurance.

0 Comments

Q-Can you be forced to sell your home to pay for a judgment in New York?

9/27/2022

0 Comments

 
Yes and no. The no part - you cannot be forced to sell your home in a judgement. The yes part, it becomes a lien on real property in NY state, so payable upon the sale and/or refinance of your home. Cannot be forced to pay but you will pay this to get a clear title to sell when you are ready!

​So you must pay eventually but being forced to sell - NO.

0 Comments

Do the ultra wealthy still carry things like car insurance or does there come a point where you can just be self insured?

3/28/2022

0 Comments

 
A- Insurance is a state-by-state run industry and only 2 states do NOT REQUIRE auto insurance - I believe Tenn. and NH. All other states this is MANDATORY to have car insurance to protect the public from reckless, negligent drivers. So most High-Net-Worth people would carry very high liability limits and very high deductible but self-insure…NO!
0 Comments

Asking for your version of the car accident!

3/4/2022

0 Comments

 
Q - Why would an automotive insurance company keep contacting me about an accident instead of going through my insurance company when they know my agent? I'm sick of telling them I don't wish to talk to them and to contact my insurance company instead.

A- They want to know your version of what happened to see if it agree’s with the other parties version. They want to make sure who’s fault it was and which company is going to pay what % of the claim. Since your agent wasn’t at the scene, they cannot know what happened, you must tell them either on the phone or in a written description of what happened.
0 Comments
<<Previous

    Contact us

    (716) 684-3203​
    8665 Sheridan Dr
    Williamsville, NY 14221​
    Click Here to Email Us

    Archives

    January 2025
    September 2024
    October 2022
    September 2022
    March 2022
    February 2022

    Categories

    All

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

Larsen Insurance Agency​
8665 Sheridan Dr
Williamsville, NY 14221
(716) 684-3203
Click Here to Email Us

Location

Website by InsuranceSplash
  • Home
  • Quotes
    • Property Quotes >
      • Landlords Insurance Quote
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Renters Insurance Quote
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Hair Salons Quote
      • Restaurant Quotes
      • Business Owners Package (BOP) Insurance Quote
      • Workers Compensation Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Umbrella Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Event Insurance Quote
      • Wedding Insurance Quote
      • Pet Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Policy Review
    • Contact My Carrier
    • Free Consultation
    • Client Login
  • Insurance
    • Property >
      • Landlords Insurance
      • Home Insurance
      • Earthquake Insurance
      • Renters Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Life/Financial >
      • Life Insurance
      • Umbrella Insurance
    • Other >
      • Boat Insurance
      • Event Insurance
      • Wedding Insurance
      • Pet Insurance
  • About
    • Client Testimonials
    • Refer a Friend
    • Free Reports
    • Staff Directory
    • Insurance Carriers
    • Careers
    • Agency Photo Gallery
    • Accessibility Statement
    • News
  • Blog
  • Videos
    • Landlords Insurance
    • Comprehensive Coverage
    • Independent Insurance Broker VS an Insurance Agent
    • How to Get Good NY Landlord Insurance Policy
    • Homeowner and Liability Risks
    • Homeowners Garage Insurance
    • Property and Landlord Insurance
    • Underground or Service Line Homeowner Coverage
    • Running The Game with Tom Larsen
  • Contact
    • Privacy Policy
  • FAQs
  • Newsletter
  • Luxury Home Insurance in NY
  • Workers Compensation
    • Florists Workers Compensation in NY
    • Restaurant Workers Compensation in NY
    • Grocery Store Workers Compensation in NY
    • Bakery Workers Compensation in NY
  • Business Insurance
    • Barber Shop Insurance - NY
    • Brew Pub Insurance in New York
    • Coffee House Insurance in New York
    • Business Owners Package (BOP) Insurance
    • Hair Salon Insurance
    • Restaurant Insurance