The Least Expensive Cars To Insure

new york car insuranceLast week we counted down the top five most expensive cars to insure, but insuring your ride doesn’t have to break the bank. In the interest of fairness, here are the top five least expensive cars to insure. Combine these practical rides with Kenneth Bieber’s New York car insurance and getting on the road will be a breeze!

1. Ford Edge SE: According to, the most affordable car to insure in 2012 is the Ford Edge SE, a workhorse of an SUV that combines space and efficiency with, apparently, affordable insurance premiums at $1,128 a year.

2. Jeep Grand Cherokee Laredo: The Grand Cherokee has been a staple of the Jeep line since its debut in 1992, and when it only costs an average of $1,148 a year to insure, you can see why it has remained so popular.

3. Subaru Outback 2.5i Premium: Laugh if you must, but Subaru owners know their cars are dependable as they are silly looking. No surprise, then, the Outback only costs $1,150 a year to insure.

4. Kia Sportage: This compact crossover SUV has been around since 1993, an efficient, practical and not unattractive option for families or anyone else who could use the space but wants to avoid going full gas-guzzler. Plus, you can cover it for about $1,157 annually.

5. Jeep Patriot Sport: It’s probably the least-expensive SUV in America, so it’s no surprise it doesn’t cost much to insure. You can cover this car for $1,160 a year.

Co-Op Insurance: What You Need to Know

When buying a co-op apartment there is a lot of information to consider before committing to a decision. As a co-op owner, you share the walls, hallways, basement, roof, elevator and walkways. You may also share common services such as lawn mowing, garbage collection, and snowplowing. What gets tricky, however, is the insurance.

A co-op association will have a master policy for the co-op complex, covering the common areas mentioned earlier. In an earlier post, we provided questions to help determine which master policy your co-op association possesses, and what kind of co-op insurance coverage you will need. Your co-op association will have one of three types of master policies:

  • Bare walls: This policy covers the structure, fixtures, and furnishings shared or common areas within the condominium complex.
  • Single entity: This policy covers everything within the bare walls policy, along with certain fixtures inside condo units (e.g., carpeting, cabinets, appliances).
  • All inclusive: This policy is the most extensive as it covers everything in the condo except for personal property the owner brings into the unit (e.g., clothes, bicycles, artwork).

Knowing the master policy of your co-op association is only the first step in making a fully informed decision about the co-op insurance policy you choose. Luckily we can help you determine what kind of coverage, and how much insurance you will need to feel secure at your co-op. Contact us for more information on all your insurance questions, from co-op insurance to New York renter’s insurance. We got you covered.

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.

Commercial Tenant Insurance

If you are a small business owner, especially one that is just starting out, you will definitely want to read this one.  Many small business owners may not realize it, but when you rent a commercial space you need to be able to provide some type of basic business insurance on the premises. Yes, your landlord should already have a policy on the building, but as the renter and as a business, you will need to be able to provide some type of insurance. In some places, this arrangement is law, or at least its legal for the landlord to require you have it.

The main reason for tenant insurance is two fold. The first is to cover the landlord. Because the space is not a dwelling and presumably work and business will be taking place in the space, the landlord can not allow him or herself to be held liable for everything that happens there. Tenant insurance makes sure that due responsibility is placed upon the tenant as well. The second reason is for the general coverage required to run a business. It will offer liability coverage as well as bodily injury coverage for the policy holder.

For an extra level of business insurance coverage the landlord can be added to the policy.

High Value Insurance

Many people with wealth and money have built or purchased homes that reflect their stature.  Even people with lesser or normal incomes try to buy or build the best and most expensive home they can afford. In this process though, many people in North America are chronically under-insured. By shopping around for the best home insurance deals, owners of high value homes may be selling themselevs short. A normal home ownership plan is fine for the quaint 3- bedroom, but won’t be enough for an expensive, mansion. High value plans work much like normal plans, but offer more complete coverage.

  • Higher and fewer limits on personal possessions. High value insurance doesn’t just cover expensive homes but also takes care of the goods and equipment that these homes are likely to contain. Unlike most home insurance policies that set a limit for personal possessions, high value policies usually set a minimum and work up from there.
  • Many policies will also include higher and more complete dwelling rebuild costs. Meaning they aim to completely replace and rebuild a client’s dwelling. Rather than just pay out a set amount of money for the rebuild.
  • Cash payout options. Some high value plans will have an option for a cash payout included in the policy. The insured party will be able to choose between a lump sum, or equity against a rebuild.


Commercial Vehicle Coverage for Businesses

Even small businesses have to operate vehicles. A business doesn’t need to have a fleet of trucks, vans, and sedans in order to qualify for commercial auto insurance. All that is needed is the regular use of a conventional vehicle for business purposes.  Commercial auto insurance is often bundled with other business insurance, and if you operate a commercial vehicle in New York City, having it fully insured is a good idea. Commercial auto insurance covers several items that personal coverage will not.

It’s best to think of commercial auto coverage as two different services. One is a complete coverage system. With it you will receive coverage for bodily injury, property damage, liability coverage, no-fault medical coverage, uninsured motorist coverage, comprehensive coverage against theft and vandalism, and collision coverage.  It is essentially an ironclad insurance policy that covers any type of mishap your working vehicle might encounter on the road,  which leads us to the second implicit purpose of business coverage.

Commercial auto insurance is also legally defensible, meaning it can cover your business in the case of any negligence or liability lawsuits that may be lodged against you or your company. Acquiring this type of legal defense is most often the greatest benefit of commercial auto insurance.

Liability and Business Insurance

Business Insurance

A small businesses can’t afford not  to have liability business insurance. Whether you provide a service, serve food, or  have customers coming on to the premises of your operation, liability insurance can protect you in a variety of ways. Liability is a lot more than simply protecting the premises of your business. It can extend to the services you provide and the lasting implications of any mistakes you or your personnel may have made on the job.

Liability Business Insurance can be broken down in to three main types:

  • General Liability Coverage: protects you from not only on-premises mishaps but against any potential purposeful action or negligence on behalf of your employees. Run a cab service and a uniformed driver crashes into somebody? You’re covered.
  • Professional Liability Coverage: Covers businesses that provide public services. This can include damaged caused by faulty work as well as negligence or malpractice on behalf of you or your employees.
  • Product Protection Liability: This covers a businesses from potential damage or problems caused by their products malfunctioning. It also covers a business that may install, use or vend a faulty product made by another manufacturer.
Owning a small business means investing personally in a venture. If you’re the key person or the sole owner , then its a good idea to carry at least some form of business insurance.

5 Things you Should Know About Condo Insurance

Condo insurance can be tricky to navigate. the nature of insuring a box within a box can be difficult and legally fraught.  Here are some things to check and keep in mind as you navigate the NY condo insurance world.

  • Check your master policy: Obviously you don’t own the entire complex, but its important to know what you do own. You may own your unit, is it an “all four walls” type of policy? Also, how is the rest of the condo insured. The condo association ought to have some type of commercial coverage on the shared space. If your unit is covered merely “all four walls” then you may need more coverage. If you’re covered “all in” by your condo’s master plans, then you’re in less need of coverage.
  • The association deductible: This is the deductible you will have to pay on your condo if there are damages. It is built into the condo’s master policy.
  • Cash value or replacement coverage: There are two types of coverage for compensation. One being replacement in full and the other providing a cash value sum for your condo. Cash value leaves you with less overall coverage but lower premiums.
  • What are you insuring: You want to insure both the contents of the home and the internal structure, such as the flooring and cabinets.  Try to do both.
  • Flood and Storm: These are two incidents not often covered by insurance. See if you need this type of coverage in your area.

Business Insurance: Liquor Liability Insurance

If you own a restaurant or bar, or otherwise host events where alcohol is served, then you should invest in this coverage. Business insurance costs can add up, but so can lawsuits, and nothing leads to a lawsuit faster than drinking. Be it negligence or assault, the shrewd business owner needs to know how to protect themselves from one of the most predictable and frivolous lawsuits around; an adult suing you because he got drunk and did something stupid. Liquor liability is varied, and some people don’t even bother with it because there are so many exceptions. But a good provider should be able to give you quality coverage. Including:

  • Assault and battery coverage
  • Legal defense costs
  • Cover employees, who will drink
  • Includes mental damages
  • Training to reduce business insurance premiums.
These are just a few things to expect from liquor liability business insurance. The most important thing to remember about liquor related suits is that many are frivolous.  Some plans go so far as to deduct any policy value related to “defense costs” related to liquor, in this case the business owner holding the policy would be left without recourse in the event of a lawsuit, even if it were frivolous.

New York Small Business Owners Can Benefit From Key Person Business Insurance


Business Insurance

Now is a great time to be a small business in New York. While there might be a recession on in the rest of the country, New York is experiencing steady growth, and is one of the only cities in the country where jobs are plentiful. Of course opening a business here is a smart move. That said, there are many hurdles to starting a small business in New york. High overhead and long hours are just a couple of the inherent problems for a small business owner. Another important thing to consider is that many small businesses are held together through the ideas and toil of one person. The potential for their loss is something that business insurance ought to be purchased against.

Key person insurance is a form of business insurance that protects exactly against this particular problem. If for the example the chef for a small but successful restuarant dies or is otherwise unable to work, key person insurance could cover expenses related to this person’s absence. Some policies would cover healthcare and living expense, others would cover the projected business losses related to this key person being unable to work. This sort of business insurance is very situation specific and is best discussed with your insurance agent.

Restaurants Insurance

Restaurant Insurance for Food Industry Professionals

Restaurant Insurance is a must-have for restaurant, bar, or catering service owners. With the constant threat of food spoiling or property damage interfering with business, protecting your operation with a premier insurance plan is a necessity. The experts at Kenneth Bieber are available to tailor insurance policies to the special needs of each client. Whether you’re an established five-star restaurant or a local bar just opening its doors, we can assist you with New York business insurance and more to keep you protected.

New York Business Insurance: Insure Your Success!

New York business insurance is as important to the success of an establishment as its employees, location, or space. Without the proper coverage, legal fees can skyrocket if an employee or customer files a claim against you. Losing a settlement without insurance could put your business in jeopardy of accruing debt or even going bankrupt. Restaurant insurance policies from Kenneth Bieber are specific to each individual client to ensure that they receive targeted liability options and more.

A Commercial Insurance Company That Works for You

As a premier commercial insurance company in the New York area, Kenneth Bieber offers a multitude of policies, including restaurant insurance and property insurance. Property insurance is important in case of fires, which could easily start in a crowded, busy kitchen. We also offer liquor liability for bars or restaurants that serve alcohol. If a customer drinks excessively and hurts someone or themselves as a result, it’s important to have liquor liability to stay protected as a business. Our dedicated and experienced New York business insurance experts are available by email or phone to discuss your restaurant’s specific insurance needs. We know it’s not always hospitable in the hospitality industry, and that’s why we’re here to help you protect your business when things get messy.

Earthquake Insurance

Earthquake Insurance in New York

An illustrated ground contains cracks and collapses into the shape of a question mark

As natural disasters go, earthquakes are right up there. And if one of them destroys your home, that’s off the charts. You’ll have to rebuild; you’re still liable for the mortgage; and you’ll be living elsewhere while the digging and hammering are in full swing.

To sum up, when an earthquake hits, silver linings are scarce. But there’s an option you should consider – Earthquake insurance. If you’re anywhere near an earthquake prone area, it’s time to act – contact us today.

The Earthquake insurance professionals at Kenneth Bieber, Inc. in New York, New York will outline your protection options.

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Flood Insurance

Flood Insurance in New York

Den sofa and furnishings sit in muddy flood water

If you currently live, or are going to purchase a home, in an area which has been declared “high-risk for flooding”, then you’ll certainly want flood insurance for your property. But, what if you don’t live in an officially designated flood prone area near a stream, river or other low-lying area? Getting a flood insurance quote and purchasing flood insurance is still a really good idea. There is nothing worse than starting a life in a home and creating memories and losing it all to a flood issue.

Far too often a flood is thought of as an event which is catastrophic to a general area when nearby water ways overflow their banks. Yet a portion of a home can more commonly flood with just an inch or two of water from poor property drainage which causes the surrounding storm runoff to build up and rise until property begins to take on water. When water rises up to the property, it’s a flood and when water rises up a property only flood insurance covers the financial loss.

Your standard homeowners insurance does not have flood insurance included. Flood insurance is commonly offered by the National Flood Insurance Program or NFIP. Kenneth Bieber, Inc. can find you a flood insurance plan that will fit your needs.

Why Flood Insurance

Far too many homeowners never think about needing flood insurance until it’s too late. There have been countless instances in New York where rains cause the water to rise, or filled small streams, turning them into rivers that creep higher onto property and eventually into homes.

Torrential rains can change everything in a fairly short amount of time. Flooding is devastating, but flood insurance can help keep you afloat.

Kenneth Bieber, Inc. can help you with a flood insurance quote. We will search for the best flood insurance rates and proper flood insurance coverage to protect property, possessions and structures.

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Flooding can be an emotionally and financially devastating event.
Use the tool below to see how much flood damage, even from just a few inches of water, can be very costly.

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Knowledge Center

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Disability Insurance

Personal Disability Insurance in New York

Disability insurance helps protect you from an interruption of your income due to an accident or medical emergency. Naturally, no one expects an accident to take them out of commission, even for a short time. But a good disability policy provides protection just in case.

This section provides what you’ll need to know to protect you, from the basics of coverage to filing a claim.


A disabled man carefully walking with the aid of a medical walker
What is disability insurance?

Disability insurance pays benefits when you are unable to earn a living because you are sick or injured. Like all insurance, disability insurance is designed to protect you against financial disaster. Most disability policies pay you a benefit that replaces part of your earned income (usually 50 to 70 percent) when you can’t work.

Why would you need disability insurance?

Your chances of being disabled for longer than three months are much greater than your chances of dying prematurely. One reason for this is that medicine has made many illnesses and injuries treatable and life sustaining which previously had life ending consequences. Although this is great news for us all, it increases your need to protect your income with disability insurance.

While you are working

Everyone who works and earns a living should consider purchasing disability insurance. What would happen if you suffered an injury or illness, and couldn’t work for days, months, or even years? If you’re single, you may have no other means of support. If you’re married, you may be able to rely on your spouse for income, but you probably also have many financial obligations, such as supporting your children and paying your mortgage. Could your spouse’s income support your whole family? In addition, remember that you don’t have to be working in a hazardous position to need disability insurance. Accidents happen not only on the job but also at home, and illness can strike anyone.

If you’re a business owner

If you own a business, disability insurance can protect you in several ways. First, you can purchase an individual policy that will protect your own income. You can also purchase key person insurance designed to protect you from the impact that losing an important employee would have on your business. Business overhead expense insurance ensures that if you get sick, your business will stay healthy. Finally, you can purchase a disability insurance policy that will enable you to buy your partner’s business interest in the event that he or she becomes disabled.

What do you need to know about disability insurance?

Once you become disabled and apply for benefits, you have to wait for a certain amount of time after the onset of your disability before you receive benefits. If you are applying for benefits under a private insurance policy, this amount of time (called the elimination period) ranges from 30 to 720 days, although the most common period is 90 days. If you are applying for benefits under a type of social insurance, your waiting period may be as long as five months (for Social Security).

You can purchase private disability insurance policies that guarantee lifetime coverage, but they are very expensive. Most people buy either short-term policies (benefits are paid for up to two years) or long-term policies (benefits are paid for a few years or up until age 65). In fact, many injuries or illnesses do not disable you permanently. After a rehabilitation period, you may be able to return to work full- or part-time. Most private and social insurance programs encourage you to go back to work either by paying you partial or full benefits while you try to work or by continually reevaluating your disability. In addition, they usually pay for any training or rehabilitation you might need to help you get back to work.

Both private and government disability insurance are complex because the needs of each individual are complex. In addition, injury or illness is unpredictable. As a result, private and government disability insurance programs are designed with many restrictions and–in the case of individual disability insurance, at least–many options. When you purchase a disability policy, you may have to spend a lot of time evaluating your future needs and weighing what coverage you can afford to buy against what coverage you’d like to have. Then, you’ll have to compare individual policies and determine what coverage you are already entitled to through your employer or through the government.

Where can you get disability insurance?

In general, disability insurance can be split into two types: private insurance (individual or group policies purchased from an insurance company), and government insurance (social insurance provided through state or federal governments).

Private disability insurance refers to disability insurance that you purchase through an insurance company. Many types of private disability insurance exist, including individual policies, group policies, group association policies, specialized
group policies, and riders attached to life insurance policies. Depending on the type of policy chosen, private disability policies usually offer more comprehensive benefits to insured individuals than social insurance. Individually-owned policies may offer the most coverage (at a greater cost), followed by group policies offered by an employer or association.

Workers’ compensation and Social Security are two well-known government disability insurance programs. In addition, five states (California, Hawaii, New Jersey, New York, and Rhode Island) have mandatory disability insurance programs that provide disability benefits to residents. If you are a civil service worker, a military service member, or other federal, state, or local government employee, there are many disability programs set up to benefit you. In general, however, government disability insurance programs are designed to provide limited benefits under restrictive terms, and you should not rely upon them (as many people mistakenly do) as your main source of income if you are disabled.

Although government disability insurance programs are generally inflexible because they are designed to meet the needs of the masses, private individual policies can be tailored to meet your needs.

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Privacy Statement


As a part of our normal operations Kenneth Bieber, Inc. collects, and in some cases, discloses information about you. We encourage you to read the following Privacy Statement that contains information about policies regarding the collection, use, disclosure, and protection of your information.

If you are not comfortable with any of the terms or policies described in this Statement, we encourage you to send confidential correspondence through the postal service.

What information do we collect?

Personal, Financial and Product Information

We collect personally identifiable information in order to identify and register you as a customer. In addition, we collect personal, financial and product information in order to provide you with services tailored to your particular needs. By learning about you, we can deliver more relevant protection and product offerings and thus offer you better insurance services and options.

The information we collect will vary depending upon the function or processes you select or request. Depending upon the function, product or process you select (for example, quote, request for proposal, e-mail, purchase), you may be required to provide information such as:

  • Name
  • Address
  • Birthdate
  • Phone number
  • E-mail address
  • Policy(ies) Type(s) & Number(s)
  • Social Security Number
  • Driver’s License Number, accident/violation history, information about vehicle operators, lien/lease holders, vehicle information, etc.

Who Should Use Our Web Site?

Our Web site is for insurance and financial products and services and is not intended for children. We offer insurance and financial products and services and thus do not market any products or services to children under the age of eighteen or knowingly collect any information from children under the age of eighteen. If we become aware that information is or has been submitted by or collected from a child under the age of eighteen, we will destroy this information.

What kind of customer information do we have, and where did we get it?

Much of the customer information we collect comes directly from you. When submitting your application or request for insurance or other products and services we offer, or in requesting an insurance quote, you may give us information such as your name, address, and Social Security number. We also keep information about your transactions with our affiliates, others, or us – for example, the types of products and services you purchase from us, premiums, policy account balances and payment history. We also may collect information from outside sources, including consumer reporting agencies and/or health care providers or reporting agencies such as the Medical Information Bureau (MIB). This information includes loss information reports, motor vehicle reports, credit reports, and medical information.

Who collects this information?

In order to better serve your particular needs, the information noted above is collected by Kenneth Bieber, Inc., its agents, and other companies working on behalf of Kenneth Bieber, Inc.. In addition to collecting information from you, you should also know that, depending on the nature of your transaction, we may collect information from outside sources, such as loss information reports, motor vehicle reports, and credit reports. For property insurance, we may send someone to inspect your property and verify information about the value and condition of your property.

How is this information used?

The information you submit to us via our on-line forms and e-mail is used to provide you with the response or service you have requested.

We may also use this information to contact you about our products and services. If you do not wish to receive these communications, you can write us, e-mail us or simply reply to any e-mails you receive from our employees informing us of your desire to be removed from our mailing lists.

Who has access to this information?

In order to better serve your particular needs, our company, its employees, and certain companies working on our behalf have access to this information. This information may also be disclosed to third parties without your consent if disclosure is necessary to comply with legal processes or to protect the rights, property, or personal safety of Kenneth Bieber, Inc., its users or the public. We may also provide limited information about you to third parties without your permission when necessary or appropriate to service an insurance policy we have issued (e.g., inquiries from lien holders or additional insureds listed on the policy) or to address claims submitted under a policy we have issued.

In addition, we may, as permitted by law, provide information about you without your permission to certain persons or organizations, such as: your agent or broker; insurance support organizations; other insurance companies in order to perform their function in regard to an insurance transaction involving you (i.e. a claim); independent claim adjusters; businesses that conduct actuarial or research studies; regulatory and law enforcement authorities; or our affiliated companies, if any.

What are your options regarding collection, use, and distribution of your information?

Any information you submit to us via written applications, our Web site’s on-line forms or e-mail is done so on a voluntary basis. When you access our site in this manner, the collection, use, and distribution of your information will be handled according to the terms and policies outlined in this Privacy Statement. If you object to the collection, use, and distribution policies outlined in this Privacy Statement, we ask that you do not submit information.

What are your options regarding correction or storage of your information?

You may either personally see, or obtain from us by mail, the information about you in our files. If you believe the information we have about you in our records or files is incomplete or inaccurate, you may request via telephone or a postal mail letter that we make any necessary additions or corrections or, to the extent that it is feasible, that we delete this information from our files.

Links and Co-Branded Sites

This Web site contains links to other sites. Kenneth Bieber, Inc. provides links to other sites as a convenience to persons who visit the web site. If you choose to use the services provided by those sites, you may be asked by those sites to provide certain personally identifiable information (some of which may, on an individual or aggregated basis, be shared with Kenneth Bieber, Inc.. Please be aware that Kenneth Bieber, Inc. is not responsible for the privacy practices of those sites, even though the name or logo of Kenneth Bieber, Inc. may appear on those sites. We encourage you to be aware when you leave our site and to read the Privacy Statements of each and every Web site that you visit, as the privacy policy of those sites may differ from ours.

Have Additional Questions Regarding Your Privacy?

Contact our offices at:

Kenneth Bieber, Inc.
18 East 41st St, Suite 1902
New York, NY 10017

Office Hours: M-F 8am-7pm
Tel: (212) 983-3700
Toll Free: (800) 624-8146
Fax: (212) 867-6024


Life Insurance

Life Insurance in New York

Life insurance is simply protection to ensure that your family will have financial security when you pass away. If something should happen to you, how will they be able to continue doing the things they take for granted, such as live in a nice home, continue their education, or create a retirement nest egg without you? Life insurance can help to provide the answer. In this section, we’ll help you begin to think about Life insurance. We’ll take a look at the two basic types of Life insurance, how to achieve an appropriate level of Life insurance, how to read your policy, and how to address typical planning concerns. All designed to provide you with a framework for considering how much life insurance you need.

Defining Your Needs Is The Place To Start: Try Our Life Insurance Calculator

There are many reasons for purchasing life insurance:

Father carries child on shoulders for walk across field bordered by large trees

  • Family protection to provide financial security to surviving family members on the death of the insured person.
  • To pay for children’s education.
  • Insurance to cover a particular need such as paying off a mortgage or consumer debt upon the insured’s death.
  • Business insurance to compensate a company on the death of a key employee or to provide a surviving partner the resources to buy out the deceased partner’s share of the business.
  • To provide funds to pay estate taxes or other final obligations necessary to settle a deceased person’s estate.
  • To provide the funds necessary for the deceased person’s burial expenses.
  • Accumulation of funds to supplement retirement income.

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Understanding The Basics

What is life insurance?
Life insurance is an agreement between you (the insured) and an insurance company (the insurer). Under the terms of a life insurance contract, the insurer promises to pay a certain sum to someone (a beneficiary) when you die, in exchange for your premium payments.

Why would you need life insurance?
The most common reason for buying life insurance is to replace the income lost when you die. For example, say that you work, and your income is used to support yourself and your family. When you die, and your paychecks stop, the life insurance proceeds can be used to continue to support the family members you’ve left behind.

Another common use of life insurance proceeds is to pay off any debts you leave behind. For example, mortgages, car loans, medical bills, and credit card debts are often left unpaid when someone dies. These obligations must be paid from the assets left behind. This can deplete the resources that your family needs. Life insurance can be used to pay off these debts, leaving your other assets intact for your family to use.

Life insurance provides liquidity to your estate. When you die, you may leave some liquid assets (such as cash, CDs, and savings bonds), and some illiquid assets (such as real estate, an automobile, and stocks). Your liquid assets may not be enough to pay all the debts that you leave behind, plus all the expenses that arise because of your death (such as funeral expenses and estate taxes). Your illiquid assets may have to be sold in order to meet these obligations when they come due. This may cause a financial loss if the assets must be sold cheaply in order to get the money on time. Life insurance can avert this situation, because the proceeds are available almost immediately upon your death.

Life insurance creates an estate for your heirs. After your debts and expenses are paid, there may not be much left over for your family. Life insurance can automatically provide assets for them after your death. Life insurance is also a great way to give to charity when you die. You may have always had a great philanthropic desire, but not the means to make it a reality. Life insurance can do that for you.

Life insurance can even be a key element for specialized business applications, such as funding a buy-sell agreement. Under a buy-sell agreement, life insurance can be used to provide cash for the purchase of a deceased owner’s interest in the business. Finally, life insurance can be an investment vehicle. Some types of life insurance policies may actually make money for you, as well as provide the benefits described above. This can help you with long-term financial goals and strategies. What do you need to know about life insurance?

There are several kinds of policies that may be available to you. Term life insurance policies provide life insurance protection for a specific period of time or term. If you die during the coverage period, the beneficiary named in your policy receives the policy death benefit. If you don’t die during the term, your beneficiary receives nothing. Common term policies last for 10, 15, 20 and even 30 years. Permanent insurance policies provide insurance protection for your entire life as long as the policy remains in force. In addition to the insurance protection provided, this type of policy also builds internal cash values, often described as a savings account within the policy.

The different kinds of permanent insurance policies:

  • Whole life
  • Ordinary level premium whole life
  • Limited-pay whole life
  • Current assumption whole life
  • Adjustable life
  • Universal life
  • Joint life (first to die)
  • Survivorship (second to die)

You also need to know that the cost of life insurance will depend upon the type of policy, your age, and your health at the point in time when the policy is issued.

A life insurance contract is made up of provisions, options, and riders. Provisions describe or explain features, benefits, conditions, or requirements of the contract. Options are features of the agreement that require you to make a choice regarding some aspect of coverage. Riders are additional coverage (or endorsements) offered by the insurer at the time of application and added to the standard agreement in return for an additional premium. Finally, you need to know the tax consequences of owning life insurance.

  • Life insurance premium payments are not tax-deductible expenses.
  • In general, the death benefit paid to the beneficiary is not included in gross income for federal income tax purposes, because it is paid with after-tax dollars.
  • You must be very careful about who owns the policy and who the beneficiaries are, in order to avoid estate taxes on the proceeds when you die.

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Personal Liability Insurance

Personal Umbrella Policy in New York

Liability insurance protects your assets in the event that you (or a member of your household) accidentally injure another person or damage someone’s property. It’s known as “third-party insurance,” because it protects you if a third party files a claim against you. Liability insurance will pay for a legal defense in the event of a lawsuit, and pay medical and/or property claims for which you are found legally liable, up to the limits of the policy. Personal liability insurance can be purchased as part of a package policy (such as homeowners, renters, or auto insurance), or as a separate policy (such as a personal umbrella liability policy).

Last piece of a blue backlit puzzle is put into place
Personal umbrella liability insurance is designed to protect you against a catastrophic lawsuit or judgment. It provides expanded coverage and increases the amount of your liability protection beyond the basic coverage provided under your homeowners/renters and auto insurance policies. Unlike other types of liability coverage personal umbrella liability insurance can be purchased as a separate policy. However, your insurer will require that you have underlying basic liability coverage (homeowners/renters insurance, auto insurance, or both) before you can purchase an umbrella liability policy. If you are found to be legally responsible for injuring someone or damaging someone’s property the umbrella policy will either pay the part of the claim in excess of the limits of your basic liability coverage or pay for certain losses not covered by your basic personal liability insurance. Naturally, no one expects to be sued. But a good personal liability policy can definitely help to protect both your family and your future.
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Understanding The Basics of Liability Insurance

Why do you need it?
Standard homeowners policies usually provide $100,000 to $300,000 worth of liability coverage. As well as the fact that most states now require you to carry auto insurance with minimum liability coverage (which varies from state to state). It is possible to purchase additional liability coverage under these policies, but amounts may be limited. In today’s society, it’s not unusual to hear of $1-million, $2-million, and even $10-million liability judgments against individuals. If someone is injured in your home, or if you cause a serious auto accident, you could be hit with such a judgment. Without a personal umbrella liability policy, anything beyond the liability coverage limits of your homeowners/renters or auto insurance policy will have to come out of your pockets.

How does it work?
Personal umbrella liability insurance supplements the basic liability coverage provided by your other insurance–it’s designed to kick in when your other liability coverage is tapped out. Depending on the type of claim against you, your homeowners, renters, auto, or boat insurance coverage would be utilized first. Once the basic liability limit under the applicable policy is reached, your personal umbrella liability policy covers the remaining costs, up to the policy limits. For this reason, umbrella liability insurance usually carries a high deductible. Insurance companies typically require you to have homeowners/renters and auto liability insurance equal to the amount of your personal umbrella deductible.

When should you get it?
Your homeowners, renters, and/or auto insurance policies include some liability coverage. So the question is, when should you consider purchasing additional liability coverage (typically in the form of a personal umbrella liability policy)? There is no hard-and-fast answer, but there’s no time like the present because almost anyone can be the target of a huge liability lawsuit. Certain events increase your liability exposure–such as starting a home-based business, or having a teenaged child who gets his or her drivers license–so you should definitely re-examine your liability coverage at these times.

While it is possible to be overinsured, it’s much more likely that you’re underinsured for liability purposes. Don’t learn the hard way that you need more liability insurance. Accidents and injuries don’t happen on a schedule, and once you’re the target of a liability suit it’s too late to increase your coverage.

What does it cover?
A typical personal umbrella liability policy provides the following protection, up to the coverage limits specified in the policy:

  • Protection for claims of personal injuries or property damage caused by you, members of your family/household, or hazards on your property, for which you are found legally liable
  • Personal liability coverage for incidents which occur on or off your property
  • Additional protection above your basic auto policy for auto-related liabilities
  • Protection against non-business-related personal injury claims, such as slander, libel, wrongful
    eviction, and false arrest
  • Legal defense costs for a covered loss, including lawyers’ fees and associated court costs

What doesn’t it cover?
Personal umbrella liability insurance typically provides extremely broad coverage. Furthermore, if something is not expressly excluded from coverage, it is covered. Although exclusions can vary, the following are some items typically excluded from coverage:

  • Intentional damage caused by you or a member of your family/household
  • Damages arising out of business or professional pursuits
  • Liability which you accept under the terms of a contract or agreement
  • Liability related to the ownership, maintenance, and use of aircraft, nontraditional watercraft (jet skis, air boats, etc.), and most recreational vehicles
  • Damage to property owned, used, or maintained by you (the insured)
  • Damage covered under a workers compensation policy
  • Liability arising as a result of war or insurrection

So, how much is enough?
There is no exact science when it comes to determining the appropriate level of personal liability insurance coverage. You might think that you only need enough liability insurance to protect your assets, but this figure is practically irrelevant when deciding how much liability coverage you need. A large judgment against you could easily wipe out your assets and put your future earnings in jeopardy. Instead, consider factors such as the

  • Do you entertain often? (Having guests in your home, serving alcohol, etc., can open the door to potential liability claims.)
  • Do you operate a home-based business that is covered under your homeowners policy?
  • Do you have a long commute to work? Do you take frequent auto trips?
  • Do you have teenage children? Do they drive?
  • Does your lifestyle make you a likely target for a lawsuit (i.e., do you give the appearance of having “deep pockets”)?

Property Insurance

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New York Property Insurance from Kenneth Bieber

New York Property Insurance is essential for companies statewide. Every business is built on a vision, and keeping that vision protected is one of the best ways to create long-term success. Commercial property insurance safeguards all corporate resources, from buildings and facilities to office equipment and even financial assets. Available property insurance policies from our company give businesses critical support in the event of damage or loss. Kenneth Bieber’s New York property insurance offers coverage above and beyond the industry standard. We believe exceptional businesses deserve extraordinary security. We’ll work with you to find the absolute best policy for your company.

Property Insurance Coverage Types

Property insurance coverage is available in many types, each designed to offer specialized coverage in a specific situation. Kenneth Bieber has property insurance available for businesses that have acquired new property as well as those who maintain off-premises satellite locations. Kenneth Bieber can even cover outdoor property, outdoor signs, and lawns surrounding corporate facilities. Our company’s policies can help in disasters like floods or fires as well as in times of financial hardship, such as extra expenses incurred after an insured loss. Contact us today to start discovering the property insurance coverage that will work for your company.

Small Business Insurance Trusted for Over 50 Years

Small business insurance has been a major focus for Kenneth Bieber since the company’s founding in 1962. With over 50 years of experience serving the tri-state area, we know how to meet the unique needs of our business community. Our site hosts a comprehensive knowledge center with insurance tutorials and numerous quote utilities to keep our customers informed. Kenneth Bieber clients enjoy world-class insights and expert advice every step of the way. Reach out to one of our agents, find out how affordable protection can be, and take charge of your company’s future with Kenneth Bieber.

Home Insurance

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Home Insurance Online: Homeowners, Condo, Co-Op, and Renters

New York Home Homeowners Condo Renters Apartment Insurance
Finding Home Insurance Online is a convenient and affordable way to protect your most important investment. Whether you own a house, rent a condo unit, or lease an apartment, you can have true peace of mind with a New York home insurance policy from Kenneth Bieber. Our policies are flexible and customizable to meet each client’s personal insurance needs. We’ll work with you every step of the way to build a policy that matches your home, your lifestyle, and your financial assets. Protect what’s most important to you and discover a new sense of security with Kenneth Bieber home insurance online.

New York Home Insurance

New York Home Insurance from Kenneth Bieber does more than simply pay for financial losses incurred in the home. Our company’s policies also help to prevent losses and accidents, saving our customers time and money every day. We offer many types of New York home insurance coverage to protect both you and your property. Our Claims service is responsive and caring, giving each customer personal attention. Every property insurance policy we create is affordable, comprehensive, and easy to understand. Insurance analysts continue to assign us their highest ratings as we adjust our policies to incorporate the latest insights in the field.

Find Home Insurance Quotes Online

In addition to award-winning plans, Kenneth Bieber provides industry-leading expertise and home insurance quotes online. Since 1962, we have been at the forefront of personal insurance in New York. Our extensive online Knowledge Center has everything you’ll need to make an informed decision about your home insurance coverage. Complete with guides and tutorials, our site will give you the tools for success and security no matter your current personal situation. Attentive customer service, decades of experience, and an outstanding reputation make Kenneth Bieber the best choice in New York home insurance. We’re ready to help you build your future.

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Auto Insurance Automobile Home Condo Renters Liability Commercial Business Insurance

Comprehensive Coverage From Co-op Insurance To Car Insurance In New York

From our offices on Lexington Ave, Kenneth Bieber understands everything a busy New Yorker needs, providing clients with a comprehensive toolkit for whatever insurance suits them. For your convenience, we accept many of our forms and requests online, and you’ll find many small business tools to help you keep costs low. We provide sensible life insurance to protect your loved ones, and added security for your business interests. Co-Op Insurance is indispensible protection for your investment. We cover everything from senior drivers to high-value snowmobiles, from mechanical breakdown to building and contents.

Renters Insurance For Your Peace of Mind

Kenneth Bieber Insurance provides nearly every type of coverage imaginable, partnering with high profile providers to arrange many kinds of personal insurance plans. In addition, homeowners can rest easy knowing that their interests are protected with our high-value home insurance, which guards against many repairs and other unforeseen circumstances. Kenneth Bieber also handles properties such as recreational vehicles, antique cars, and even boats. Many New Yorkers take advantage of our popular renters insurance options. Remember, clients do not have to own a house to have home insurance for their prized possessions!

Commercial Lines From Kenneth Bieber Provide Business Insurance New York Cannot Do Without.

Kenneth Bieber handles businesses large and small, with a keen eye to addressing the client’s unique concerns. Our expertise extends to workers compensation, contractor liability, and mechanical breakdown insurance at a suitable arrangement and optimal cost to our clients. Plus, we cover businesses top to bottom. For example, for many New York restaurants liquor liability is a must. From renters insurance coverage to homeowners, Kenneth Bieber will see to it that your life and property are well looked after.

The following is a general outline of the many products and services we are pleased to provide.

Personal Lines Insurance in New York

New York Commercial Lines Insurance

New York Life & Health Insurance

Special Insurance Programs

Retail Operations, Manufacturers & Distributors, Churches & Schools, Lessor’s Risk for Building Owners, Non-Profit & Social Services Organizations, Professional Groups & Associations … and much more.

Insurance Companies

Insurance Companies, Claims & Bill Payments

At Kenneth Bieber, Inc. we are pleased to represent the full array of insurance products and services from the following highly-rated companies.

Available within these listings you are likely to see direct links to each carrier’s primary website, online bill payment integration, claim submissions and company-direct telephone information for additional policy service and support.




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Personal: 800-252-4633
Commercial: 800-238-6225




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Progressive Insurance



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Safeco Insurance



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National General



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Pennsylvania Lumbermens



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General Casualty



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American Commerce Insurance



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