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Whitepaper on Wealth at Risk: How High Net Worth Families Overpay to Be Underinsured

Independent insurance agents and brokers frequently find that families with substantial assets who insure their homes, autos, watercraft, and valuable collections with mass  market, heavily advertised carriers overpay for protection that still leaves them exposed to severe financial loss. What are the specific risks, and why are these high net worth (HNW) families paying more than necessary? To find out, ACE Private Risk Services...

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2013-03-14
By: Advocate Brokerage

PROTECTING VALENTINE’S DAY JEWELRY

If you plan to give a piece of jewelry as a Valentine’s Day gift, make sure that as soon as you purchase it to have it insured. [caption id="attachment_729" align="aligncenter" width="560"] Planning on giving jewelry for Valentines day?[/caption] Many people assume that jewelry is covered under their homeowners’ insurance. This may not be the case as many homeowners’ policies set...

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2013-02-14
By: Advocate Brokerage

Useful Tips for Winter Storm Nemo

A strong nor'easter may bring heavy snow, hazardous driving conditions and moderate coastal flooding to tri-state Friday and Saturday, according to forecasters.A winter storm watch is in effect from Friday afternoon through Saturday morning for much of our area according to the National Weather Service.Five to 10 inches of snow is possible in the watch area, with the highest amounts...

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2013-02-08
By: Advocate Brokerage

Wildfires in New York State – Yes, They Happen How to Protect Your Family and Your Home

Scarsdale Insurance - Ron Binday

[caption id="attachment_671" align="alignright" width="392"] Are you a homeowner? Be sure to ensure your properties against catastrophes.[/caption] In early April 2012, as a dry winter gave way to a dry spring, a wildfire ignited near the Brookhaven National Laboratory on Long Island. Before it was brought under control, the fire had consumed 1,000 acres and two homes. We don’t usually think...

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2013-02-08
By: Advocate Brokerage

Excess Flood Insurance can Protect your Home from the Unexpected

If recent storms, like Irene and Sandy, have taught us anything, it is that your home does not have to be a coastal property to be vulnerable to flooding. In fact, one out of every three flood claims occur in a FEMA designated “preferred flood zone.” For most of us, protecting your home from flooding is as easy as purchasing...

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2013-01-23
By: Advocate Brokerage

Cost of Coastal Living to Climb Under New Flood Rules

New York and New Jersey residents, just coming to grips with the enormous costs of repairing homes damaged or destroyed by Hurricane Sandy, will soon face another financial blow: soaring flood insurance rates and heightened standards for rebuilding that threaten to make seaside living, once and for all, a luxury only the wealthy can afford. Homeowners in storm-damaged coastal areas...

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2012-12-20
By: Advocate Brokerage

NY Ignored Superstorm Warnings for Years

More than three decades before Superstorm Sandy, a state law and a series of legislative reports began warning New York politicians to prepare for a storm of historic proportions, spelling out scenarios eerily similar to what actually happened: a towering storm surge. Overwhelming flooding. Swamped subway lines. Widespread power outages. The Rockaways peninsula was deemed among the "most at risk."...

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2012-12-12
By: Advocate Brokerage

Safeguarding Your Assets Against the Hazards of a Lawsuit

LANCE ARMSTRONG has apparently managed to put legal structures in place over the years that will help insulate his fortune, as I wrote last week. But what about other people who may be less prominent but concerned about lawsuits? Can they also protect themselves? The short answer is that someone’s money can never be completely protected from creditors, but there...

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2012-11-16
By: Advocate Brokerage

The wrath of Sandy and how to deal with her aftermath

This article was contributed by Roz Binday, President of Advocate Brokerage in Scardale: We all know how badly Sandy battered the Scarsdale area, but there is a bright side. It was mostly a wind event…not a flood event. Even worse, it could have been both. Windstorms, hurricanes and Nor’Easters all have the potential to cause different kinds of damage over...

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2012-11-09
By: Advocate Brokerage

Hurricane preparedness checklist

As Hurricane Sandy makes its approach towards the East Coast of the United States, Advocate Brokerage Corp. wants to remind you how important it is to take preventive measures to protect your family, home and possessions. Hurricane preparedness checklist Preparing for hurricanes can be the difference between minor damage and catastrophic loss. The following information is intended to guide you...

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2012-10-29
By: Advocate Brokerage

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