Penny Insurance Blog
Is the Assigned Risk making a comeback?
Having been working in insurance for over 30 years, I can recall the days of using carbon paper and typewriters. Back when I started, rating auto policies was done manually, with limited rating factors. Nowadays, rates are done through the computer using algorithms...
Why Should I get a Standalone Jewelry Insurance Policy?
Is there a benefit of having a standalone jewelry policy versus putting your jewelry on your homeowner’s policy? There are reasons to believe that keeping your jewelry off your homeowner’s policy will be better for you in the long-run if this worse-case scenario were...
Flood Insurance – The Facts
Don't confuse Homeowners Insurance with Flood Insurance! Here are some important facts about flood insurance. Flooding can happen anywhere, at any time. In fact, according to FEMA, more than 40% of claims come from homes outside high-risk flood areas. Flooding is not...
Are You Prepared for Winter Storms? Check out these tips:
Is This Damaged Die Mold Covered Under Insurance?
That is a very good question, and it depends upon whether or not you have the correct coverage. No, standard insurance policies do not cover damage from breakage while the equipment is being utilized in the course of a business. Basically to be covered, it has to be...
Celebrating 30 Years – Thank You
Cheers to 30 years! This week Patti and I celebrate our 30th Anniversary at the helm of Curran Cooney Penny Agency. We are so fortunate to be able to do so, but it would not be possible if it wasn’t for all our wonderful clients, staff members and carrier partners....
‘That Little Extra Coverage’
Do you ever think, “wouldn’t it be nice to have a little extra coverage on my home and auto policies?” The fact that your home and auto policies have limitations that may not be enough for certain instances, may be a concern that needs fixing. Personal Umbrella...
Information For Our NY Customers.
THE NEW YORK WORKERS COMP RATING BOARD (NYCIRB) IMPLEMENTED A NEW RATING CLASSIFICATION CODE FOR IDLE EMPLOYEES IN RESPONSE TO COVID-19 Effective 5/1/20 to all new and renewal policies after 5/1/20 as well as to all in-force policies as of...
NEW YORK POLICYHOLDER NOTICE
COVID-19 This notice is being provided in accordance with New York Department of Financial Services emergency regulation 11 NYCRR 229 in relation to the COVID-19 pandemic. A copy of the emergency regulation can be reviewed at the link below. The emergency regulation...
Traveling? Maybe Not ..
Cancel for Any Reason coverage will soon be available in New York State. If you are considering traveling and would like to have this coverage, it will be available once the carriers have updated their filings and policy forms. Please see attached article link from...
AETNA International Business
We are proud to be able to now offer the AETNA International Medical Insurance suite of products to all eligible clients. With over 37.9 million client members worldwide covering businesses and diplomats through their Consulates, Missions and Embassies, the AETNA’s...