L & S Agency Inc.

3868 S Park Ave
Blasdell, NY 14219

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Featured Insurance Blog

When should you review your home insurance policy?

At L & S Agency Inc. in Buffalo, NY, part of our service is reviewing your home policy with you every year. It is an important part of our service to make sure our customers have the insurance coverage that they need. 

When your policy renews

Home insurance policies renew yearly. When your policy comes to you about a month before it is due, the top page is called the declaration page. It is a synopsis of the coverage you have. You can check the amount of property coverage, the type of content coverage you have, any enforcement you have added, and any discounts you are receiving. 

You should check the type of content coverage you have. If you have actual value, it will take depreciation into account, and you will get much less than if you have replacement cost. 

If you have bought or received any expensive items

Your content coverage for jewelry is limited to $2,000. If you have jewelry worth more than that, you need to add an endorsement to your policy and get appraisals of your jewelry. This will protect your property. This also applies to antiques or electronics. 

You’ve added structures to your yard

Have you added the long-awaited deck, the swimming pool of your dream, a gazebo, or a shed? All of these increase the value of your home, and you need to inform your insurance carrier.  

Smart home safety updates

Your insurance company likes nothing better than knowing that you are adding smart safety devices to your home. Have you installed a smart home security system? Put in a Ring doorbell camera?  These can make you eligible for a safe home discount, which can bring your premium down significantly. 

We Can Help!

Contact L & S Agency Inc. in Buffalo, NY for all your home insurance needs. Give us a call today. 

Four signs that it’s time to make some changes to your home insurance coverage

Home insurance needs and details change over time. You shouldn’t think that you’ll never need to make any changes to your home insurance coverage after you’ve bought a policy.

At L & S Agency Inc., we can help you recognize when it’s time to update insurance coverage on your home in Buffalo, NY.

The following are four signs that it’s time to make some changes to your home insurance coverage:

You’ve invested in new home security features.

It’s a good idea to invest in a home security system to protect your family. Insurance savings are another great reason to have security features like surveillance cameras and home alarms installed in your home.

Home insurance providers often offer discounts on premiums to homeowners who have a home security system. 

You’ve gone into retirement.

It’s not uncommon for home insurance providers to offer discounts to retired homeowners. Retiring could also change your finances so that you want to adjust your deductible or coverage amount.

You should review your home insurance policy after retiring and may want to make some changes. 

Your home has recently been remodeled. 

Remodeling your home can increase your home’s value. This can make it so that you need to change the coverage amounts on your home insurance policy. Make sure you discuss your remodeling project with your home insurance provider. 

Your household includes a new canine member.

Dog bite injuries are one of the liabilities that are typically covered by home insurance. However, you have to let your home insurance company know that you have a dog to get coverage for such incidents. 

Give Us A Call

Homeowners in Buffalo, NY can call us at L & S Agency Inc. to get a quote on a policy. Get in touch with us today to buy the insurance coverage you need to protect your household financially.

Things home insurance won’t cover

Home insurance provides the peace of mind most people require when it comes to their homes. It covers many things that can happen to damage your home, but not everything.  At L & S Agency Inc., serving the residents of Buffalo, NY, we understand that as independent insurance agents, we work for our customers.  We will do everything we can to ensure you have the right home insurance coverage. 

Home Insurance Exclusions

Flood

Floods cause an immense amount of damage all over the world every year. Only a few inches can cost thousands of dollars in damage to your home. Traditional home insurance does not cover water damage due to a flood. You can, however, purchase a flood insurance policy if you live where there is a danger of flooding. The National Flood Insurance Program offers flood insurance,

Owner neglect

The insurance carrier who holds your insurance expects that you will do the required maintenance to keep your home in good condition. What that means is that if your roof is old you need to replace it before it causes damage inside your home and they won’t pay for damage that results from it. If you get termites, the damage is your fault because you didn’t get your home treated for it. No coverage for wear and tear is included.

Earth movement

Earth movement covers several different potentially damaging events, including earthquakes, landslides, mudslides,  and sinkholes. You can, however, add this coverage to your policy if you have need of it. 

War

War, warlike or hostile actions are excluded from home insurance policies. Typically, it is assumed that this sort of damage would be so great that the insurance company would go bankrupt if they had to pay for this much damage. 

Get in touch with us

Call L & S Agency Inc, serving the greater Buffalo, NY community, for a no-obligation quote. 

Why would a Buffalo property owner need home insurance?

Buffalo, NY has continued to be a great place to own a home. When you are a property owner here, you will enjoy having a stable place to call home while also benefiting from long-term value appreciation. If you do choose to purchase a home here, it would be wise to get a home insurance plan to go along with it.

There are various reasons why someone would want this coverage:

Cover Your Home and Assets

The primary reason that someone in the Buffalo area will want to have this insurance is so they can cover their home and assets. If you are going to buy a home, you will be making a very significant investment. When you get an insurance policy, you will be able to start protecting this investment. This can be very helpful if the home is damaged due to vandalism, fire, or another covered claim. 

Insurance is Often Required

It would also be a good idea to get this insurance to ensure you meet your requirements. Most property owners will be required to carry home insurance from their mortgage lenders. If you have taken out a mortgage, you may also have to escrow your payments on a monthly basis as it will help avoid a coverage lapse. 

Contact Us Today

There are many great reasons to own a home in the Buffalo, NY area. If you decide that you want to purchase a home here, it is very important that you pick the right insurance for it and the team with L & S Agency Inc. can help. As you start looking for coverage, our team of insurance experts at L & S Agency Inc. will give you the guidance that you need to build a plan that will properly meet your needs and protect your home. 

Do I Have to Purchase Home Insurance?

There are some people who think insurance in New York isn’t necessary, but that’s actually not the case. If you experience loss or damage through fire, smoke, theft, water damage, or an explosion, you’ll probably want to insure your furniture, clothes, and other possessions. L & S Agency Inc in Buffalo, NY is here to help answer your questions on this important insurance coverage.

Home Insurance: Why You Need This Coverage

If you don’t have home insurance, you’ll be responsible for paying for replacements on your own. 

Although home insurance isn’t required by law in the state of New York, it is required by mortgage lenders in order for you to acquire a loan. Mortgage companies also require that your homeowners’ insurance policy covers the full value of your property. Without proof of this coverage, the company will deny your loan application. 

Mortgage companies require home insurance for good reason. Unforeseen events can happen, and home insurance, which covers things like various natural disasters and personal liability, is there to provide you with financial protection in case any of these things happen. 

Home insurance policies can range from the most basic policies to more extensive ones, which include endorsements for further financial protection. 

With your home insurance policy, you can rest assured that your policy will cover your losses resulting from theft, a fire, water damage, smoke, or other unexpected event and that you won’t be placed in a position of financial jeopardy as a result of your losses. 

Contact Us Today

If you’re in the greater Buffalo, NY area and you’re looking for an affordable home insurance policy that will provide you with the financial cushion you need and help you obtain that mortgage loan, look no further than L & S Agency Inc. Call us today and one of our experienced agents will get in touch with you about your various insurance options.

What New Homeowners Need to Know About Insurance

You’ve just bought your first home. This is an exciting moment. You are most likely dealing with a lot of details. Don’t forget that home insurance is one of those important details. At L & S Agency Inc. serving Buffalo, NY and the surrounding areas, we can help you navigate the insurance choices you need to make. Keep reading to learn more. 

What Does Home Insurance Cover?

A home insurance policy is the best way to protect your housing stability. This means, that if your new home is damaged or lost for some reason, you can rest assured knowing you can still provide housing for your family. Without a home insurance policy in place, a family will be responsible to pay for the repair of replacement of their home out of their own pocket. For many families, that would be an impossible financial burden. But home insurance provides a way to pay for those expenses so that you always have peace of mind. 

The types of damage that are covered can include damage from storms, fires, vandalism, or natural disasters. It can also include damage caused by indoor flooding.

You should be aware that indoor flooding is flooding that takes place as a result of plumbing issues or an appliance that has malfunctioned. This is not the same as naturally occurring flooding. Most homeowners will need to get additional flood insurance to cover damage from naturally occurring flooding. 

You can talk with an insurance agent to get more details on flood insurance. 

If you would like to learn more about home insurance, or any of our other insurance services, please contact us at L & S Agency Inc. serving Buffalo, NY, and the surrounding areas. 

Safety tips every homeowner should consider

Your home is your safe place, you should not only feel safe there, but you should also be safe. There are some steps that you can take to make sure your home is as safe as it can be. At L & S Agency Inc. in Buffalo, NY, we are an award-winning agency that makes the needs of our clients our primary concern. We will make sure that you have exactly the insurance that you require. 

Protect against fire

Fire is one of the greatest dangers that homeowners face. Nothing will ever completely take away the danger of fire, because you can’t protect yourself against things like lightning, but you can protect your home from other common causes. If you use your fireplace, you should get your chimney cleaned every year. You should also change the batteries in your smoke detector every six months. If you don’t have a smoke detector, get one. It can save your life. 

Carbon monoxide

Carbon monoxide is called the silent killer. It has no odor and there is no way to know that your furnace (gas or oil) is producing this poisonous gas unless you have a working carbon monoxide detector. Every year, entire families die from it. Don’t be one of them. 

Trip and fall hazard

Trips and falls are a serious danger in the home. Falls are responsible for 22% of all deaths. Keep walkways and stairs clear. Clear snow and ice from sidewalks and driveways and add salt and sand to avoid falls. If you must have rugs, make sure they have non-slip mats. Place a non-slip mat in the tub and shower. If you must climb a ladder, be sure that you have a spotter to keep you from falling. 

Contact L & S Agency Inc. in Buffalo, NY if you have home insurance needs. 

How The Winter Season Impacts Home Insurance

L & S Agency Inc. provides coverage to the Buffalo, NY community. We work with multiple carriers throughout the East Coast. This allows us to offer our clients an assortment of policies and coverage options. It’s important to us that our clients find a policy that aligns with their individual needs.

How Winter May Impact Home Insurance

Home insurance allows you to protect one of your most valuable assets. You are covered if your home suffers interior or exterior damage. All of your personal items are covered if they are stolen or damaged. Liability coverage is important, as you are covered if you cause damage to someone’s property or if someone is injured while visiting your property. Home insurance protects you in emergency situations.

Buffalo, NY is well known for its harsh winter conditions, which means that is a great time for you to review your home insurance policy. Winter storms and high winds can cause damage to your home. Check your pipes to make sure that they don’t freeze. If the pipes freeze, that can lead to extensive water damage and possible mold issues. It’s important that you take care of your home, as you are not covered for any issues that arise because of poor maintenance. You may have to amend your policy to cover hail damage. Hail has the potential to damage your roof and siding during the winter. It can also make things slippery, which is a potential liability issue. Make sure that your landscaping is in order before winter. Check your gutters and shutters to make sure they aren’t clogged. Try to cut any bushes around your home and nail anything loose.

L & S Agency Inc. Will Help Your Protect Your Investment

Visit our website to learn more information about home insurance.

What every new homeowner needs to know about buying home insurance

If you are a new homeowner you know when you have a mortgage you are required to have home insurance. Home insurance is not one size fits all even if you are comparing two similar homes. Home insurance is made up of different components and each of those components needs to be considered individually to make sure you have the right amount of protection. At L & S Agency Inc. in Buffalo, NY, we are locally owned and operated. We are an independent agency that is consumer-driven, and we believe we work for our clients, not the insurance companies. 

You have options

The first thing to understand is that as a homeowner, you have lots of options when it comes to choosing home insurance. When you’re dealing with an independent agency, you have choices. Different carriers offer different combinations of coverage, and you need to discuss the things that really matter to you with your agent.

Know your risks

Liability coverage protects you from legal actions against you. As a homeowner, you stand a good chance of being sued at least once in your lifetime. If you have a dog, you need to make sure they are a covered breed. A swimming pool or a trampoline opens you up to greater liability. If you love to entertain and have people in your home and yard, this is a greater risk. 

Cover your content

Your personal property is an important part of your home coverage. Certain categories have limits. You need to know if you have expensive jewelry or electronics you probably need a policy rider to extend your coverage. You can choose actual cash value or replacement cost as to how your items will be replaced. Replacement cost is the value of your item at today’s cost and actual cash value takes depreciation into account. 

Contact L & S Agency Inc. in Buffalo, NY for all your home insurance needs.

What every new homeowner needs to know about buying home insurance

If you are a new homeowner you know when you have a mortgage you are required to have home insurance. Home insurance is not one size fits all even if you are comparing two similar homes. Home insurance is made up of different components and each of those components needs to be considered individually to make sure you have the right amount of protection. At L & S Agency Inc. in Buffalo, NY, we are locally owned and operated. We are an independent agency that is consumer-driven, and we believe we work for our clients, not the insurance companies. 

You have options

The first thing to understand is that as a homeowner, you have lots of options when it comes to choosing home insurance. When you’re dealing with an independent agency, you have choices. Different carriers offer different combinations of coverage, and you need to discuss the things that really matter to you with your agent.

Know your risks

Liability coverage protects you from legal actions against you. As a homeowner, you stand a good chance of being sued at least once in your lifetime. If you have a dog, you need to make sure they are a covered breed. A swimming pool or a trampoline opens you up to greater liability. If you love to entertain and have people in your home and yard, this is a greater risk. 

Cover your content

Your personal property is an important part of your home coverage. Certain categories have limits. You need to know if you have expensive jewelry or electronics you probably need a policy rider to extend your coverage. You can choose actual cash value or replacement cost as to how your items will be replaced. Replacement cost is the value of your item at today’s cost and actual cash value takes depreciation into account. 

Contact L & S Agency Inc. in Buffalo, NY for all your home insurance needs.