Posts

New York Earthquake Insurance

New York isn’t often thought of as being particularly earthquake-prone, and it’s true the state is less seismically active than Western regions with more plate boundaries, but, nontheless, large and occasionally damaging earthquakes do occur in the Empire State. In fact, according to Earthquake Track, as of this writing there have been two earthquakes in the past month and four in the past year.

Earthquakes are the result of a sudden release of energy in the Earth’s crust, creating seismic wave. They can occur anywhere there is sufficient elastic strain stored to drive fracture propagation along a fault line. Typically, the sides of these faults move past each other smoothly, but if there are any irregularities or asperities along a fault surface that increases frictional resistance, the stress can rise enough to break through the asperity, suddenly allowing sliding over the locked part of the fault and subsequently releasing stored energy in the form of tremors and seismic waves.

The strength of the quake is recorded on the Richter scale, with magnitude 3 and lower Richter scale readings being almost imperceptible while magnitude 7 or higher can potentially cause great damage, especially in densely populated areas. Luckily, Kenneth Bieber offers earthquake insurance in addition to our trusted condo insurance. If you live in an earthquake prone area, don’t leave the value of your home up to chance; consider earthquake insurance before it’s too late.

Who Pays Insurance During Forclosure?

Foreclosure is not something most home owners want to think about. It means the worst: your home is being taken away from you and your entire life is about to be uprooted. Thankfully, now that the housing crisis is being pushed to the past, fewer Americans are facing the prospect of foreclosure. But what happens to insurance on a foreclosed home?

Perhaps the most obscure aspect of home insurance, insuring an uninhabited, foreclosed upon home, is something that both the lender and the borrower should be versed in. Depending on the situation, the home could sit vacant for years and during that time all types of damage could happen. Generally in these situations, the lender will take out a minimal insurance policy on the lapsed property, though the borrower will have the option of continuing the upkeep on a current policy. The lender will usually bill the borrower for the cost of that policy.

The borrower, even though faced with debt and the costs of relocating to another home, should at this point take out another small insurance policy on the home. While the structure is being taken care of by the bank, any possessions or other goods can be covered by a small third party home insurance policy on the home.

Knowledge Center

Insurance Knowledge Center

Make your selection from the following general knowledge categories:


Personal Insurance

Quote ME Now



Personal Insurance Coverage to Suit Your Needs


Personal Insurance Coverage from Kenneth Bieber, Inc. provides comprehensive protection for individuals and property. Since 1962, Kenneth Bieber, Inc. has negotiated with insurance companies to secure the most effective personal insurance coverage at the best rates. As an independent insurance agency, we maintain relationships with leading personal insurance providers. We’ll create a customized package for you that includes the exact coverage you need. We’re dedicated to providing professional, local attention at your convenience. Whether you’re looking to protect your automobile, insure your home, or increase your personal liability limits, you’ll find the most affordable and appropriate solution with our agency.

Custom Personal Insurance Plans


Personal insurance plans available through our agency include coverage for automobiles as well as many other types of vehicles. We can search our network of providers to insure motorcycles, RVs, antique cars, and even Jet Skis and snowmobiles. Our flexible homeowners insurance policies can cover primary residences, seasonal homes, and waterfront property. Individuals who lease their homes can also purchase condominium or renters insurance through our personal insurance plans. We can also work with clients to create policies that protect valuable possessions, safeguard against identity theft, or secure their personal assets.

An Independent Insurance Agency Committed to Your Protection


At our independent insurance agency, we make your satisfaction our number one priority. We’re always ready to help you save money on your personal insurance coverage through free quotes, multi-policy discounts, and many more deals. We are licensed in New York, New Jersey, and Connecticut. Our local experience in these three states allows us to find the most suitable coverage and provide the most relevant information in all of our client relationships. Our committed customer service and wealth of experience will help us protect what’s most important to you.


Pages

Knowledge Center

Insurance Knowledge Center

Make your selection from the following general knowledge categories:


Personal Insurance

Quote ME Now



Personal Insurance Coverage to Suit Your Needs


Personal Insurance Coverage from Kenneth Bieber, Inc. provides comprehensive protection for individuals and property. Since 1962, Kenneth Bieber, Inc. has negotiated with insurance companies to secure the most effective personal insurance coverage at the best rates. As an independent insurance agency, we maintain relationships with leading personal insurance providers. We’ll create a customized package for you that includes the exact coverage you need. We’re dedicated to providing professional, local attention at your convenience. Whether you’re looking to protect your automobile, insure your home, or increase your personal liability limits, you’ll find the most affordable and appropriate solution with our agency.

Custom Personal Insurance Plans


Personal insurance plans available through our agency include coverage for automobiles as well as many other types of vehicles. We can search our network of providers to insure motorcycles, RVs, antique cars, and even Jet Skis and snowmobiles. Our flexible homeowners insurance policies can cover primary residences, seasonal homes, and waterfront property. Individuals who lease their homes can also purchase condominium or renters insurance through our personal insurance plans. We can also work with clients to create policies that protect valuable possessions, safeguard against identity theft, or secure their personal assets.

An Independent Insurance Agency Committed to Your Protection


At our independent insurance agency, we make your satisfaction our number one priority. We’re always ready to help you save money on your personal insurance coverage through free quotes, multi-policy discounts, and many more deals. We are licensed in New York, New Jersey, and Connecticut. Our local experience in these three states allows us to find the most suitable coverage and provide the most relevant information in all of our client relationships. Our committed customer service and wealth of experience will help us protect what’s most important to you.