Insurance Blog

Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.

Risks of Buying Cheap Insurance…

Everyone wants value for their money. Everyone wants the best price. At what point does inexpensive become “cheap”? Why does The Nicolaysen Agency seem to come up with prices that might not be the cheapest? When you’re dealing with a commodity, where one item is the same as another, cheapest price works. However, most of the things we buy are associated, in some way, with... Read Article

Why an Umbrella Policy?

What is an Umbrella Policy? It’s a separate product protecting you from liability over (and above) that provided by your other personal insurance policies. Holding this extra layer of protection requires that your underlying (base) policies (auto and home insurance) carry (at least) minimum liability limits. Umbrella policy protection is not limited to auto and home, and that is really the core of our concern:... Read Article

You have just hired a full-time domestic employee…

  You have just hired a full-time nanny to care for your children.   That makes you, the homeowner, an employer and due to NY State Statute, requires purchasing Workers Compensation and NY Disability to protect your employee. Your homeowner policy would exclude coverage for this exposure. So, where do we obtain this coverage? NY State offers a competitive market for obtaining both types of insurance.... Read Article

Out of school, into your first apartment…

  What do you do if you’re out of school, living independently, and you are no longer listed or insured on your  parents’ policies? Now, you are about to rent an apartment and are required to provide proof of liability coverage to comply with the lease.  So, what should you do? We suggest a “Tenant’s Policy” to cover your liability in relation to the home or... Read Article

Home Renovation & Remodeling

Part I - Renovation When you’re remodeling your home, there are various things to consider.  First, changes to the home might affect your homeowner insurance and could create a future problem if the insurance company is not notified.     Your policy should reflect the full cost to rebuild your home; you would want to fully protect your asset.   When working with a general contractor (GC) be... Read Article