Birchyard LLC Press

Seven tips for making sure your assets are covered by insurance

If you and your soon-to-be ex are both named on an auto insurance policy, you’ll each need your own coverage for your own vehicle. Experts say it’s best to take this step sooner rather than later.

“You definitely want to establish your own auto insurance policy before any divorce or legal separation takes place because credit scores usually take a big hit during a breakup. And since credit is a huge piece of your car insurance rate, you could pay more than you would have pre-divorce or pre-split,” says Billy Van Jura, an insurance broker in Poughkeepsie, N.Y.
Read the full article →

10 signs that your insurance coverage is a turkey

7. You drive a car mainly for your business, but it’s listed under your personal auto policy.

Much like a personal auto policy, a commercial auto policy will provide coverage to repair or replace a vehicle used for work and pay claims to any third party injured in a crash. Plus, it will pull liability away from you personally, says insurance consultant Billy Van Jura, founder of Birchyard LLC in Poughkeepsie, N. Y.
Read the full article →

A How-To for Homeowners Insurance

Van Jura cautions against agents that don’t spend enough time getting to your customized solution. “If they have not asked you a few dozen questions in regards to the details of your home you should wonder where the figures are coming from,” he says. He suggests being on your guard when purchasing a home for the first time because your agent may assume you should just insure your home for the purchase price, clearly a big no-no.

“A good agent should be able to set the expectation for the customer and then live up to it,” says Flaig. While an agent generally can’t affect the outcome of a claim, they should be able to make sure that the claim is handled quickly and fairly, he explains.
Read the full article →

The ‘snowbird’ lifestyle—what it can cost

A second home can also mean more insurance, not only for the property but also for your vehicles and possibly for yourself if you need medical care while you’re away from home. New York state insurance agent Billy Van Jura says it’s critical to keep your insurance advisor informed about major purchases and your whereabouts. He also says snowbirds may be able to save a few hundred dollars annually by consolidating all insurance policies with one agent.
Read the full article →

7 things your home insurance won’t automatically cover

1. Spoiled food
If your home loses power or your fridge goes on the fritz, don’t look to your home insurance policy to cover your spoiled milk or ruined steaks. Your policy won’t cover the loss unless you purchased extra “refrigerated property” coverage, says Billy Van Jura, owner of Birchyard LLC, an insurance brokerage in Poughkeepsie, N.Y. Depending on your insurer, the “refrigerated property” coverage could add about $20 a year to your premium.
Read the full article →