New Coverage Options:
Equipment Breakdown and Service Line Coverage

Abstract illustration of a virtual web shield on touchscreen

Insurance Companies are finding new innovative coverages to reduce the likelihood that you suffer a financial hardship in the event of an unfortunate occurrence.

Two of these new coverages that may be available on your Home Insurance are Equipment Breakdown and Service Line Coverage.

Equipment Breakdown

This coverage provides protection for your home systems and equipment should they fail. Most homeowners would think that their warranties or service contracts would cover a loss like this, but chances are it’s not covered.

Systems and equipment that would be covered include your furnace, boiler, air conditioning, home theater systems, kitchen appliances, and others.

Service Line Coverage

Typical Home Insurance policies do not provide coverage for repairing or replacing damaged underground piping and wiring.

Some examples include water service, sewer, or electrical power lines. This can be a common and costly exclusion, and many companies now offer a coverage extension.

Both of these coverages are quite inexpensive – costing less than $50 in most cases. Many customers have already added these enhancements to their insurance plan.

Please call us at (518) 392-5161 or email your advisor today to add these smart coverage enhancements.

Thank You, Jeff, and Happy Retirement!

portrait of Jeff KnightAfter over 25 years at MetzWood, Partner and Financial Services Manager, Jeff Knight, started his retirement on September 21st.

Jeff joined MetzWood in 1993 after 11 years prior experience in the insurance industry, and became a Partner in 1995. As a dedicated insurance professional Jeff earned the designations of Certified Insurance Counselor (CIC), Chartered Life Underwriter (CLU), and Chartered Financial Consultant (ChFC).

MetzWood has been fortunate to have had Jeff as a dedicated team member for these past many years. With sincerest gratitude for his service, we wish Jeff and his wife, Donna, all the best in retirement.

MetzWood Named Top Agency in the Capital Region

MetzWood has been named one of the Top 10 Insurance Agencies in the Capital Region by the Albany Business Review. We were the only agency in Columbia County to make this prestigious list.

The list is compiled based on total insurance premium volume. Had the list been compiled based on total number of policies, we would have been in the Top 5!

Thank you to our customers and employees who make this all possible! We are thrilled to be included in this list, and to be able to give back to the communities we serve.

MetzWood Welcomes Two New Hires

Ashley DoyleAshley Doyle

Ashley comes to us from a career at Tierra Farm. She worked as both a Regional Account Manager and Customer Service Manager.

At MetzWood, Ashley will be working primarily in a Personal Insurance Inside Sales role.

Patricia RobertoPatricia Roberto

Patricia joins MetzWood Insurance as a Commercial Account Executive.

Prior to MetzWood, Patricia worked at NBT Mang Agency in Delaware County, and Jamison Insurance Group in New York City.

Frequently Asked Question: Who Is Responsible for Tree Trouble?

Questions and AnswersWe often receive variations of the question below regarding damage caused by neighboring trees.

Question: There is a tree in my neighbor’s property that is overhanging our fence. If the tree caused damage to the fence, whose Homeowners Insurance would pay?

Answer: Your Homeowners Insurance would pay for the damage to your fence. This means you would be responsible for the deductible and subject to the “Other Structures” limit in the policy. The exception is only if your neighbor was negligent in maintaining the tree, which is often difficult to prove after the fact.

If you have questions about how your policy would respond, please contact your MetzWood Advisor.

Allstate Foundation Awards Valatie Rescue Squad Community Grant

All State Foundation Helping Hands in the CommunityThe Allstate Foundation offers “Encompass Agency Hands in the Community Grants” to charitable, social or humanitarian organizations where Encompass Insurance agents volunteer. MetzWood Partner, Derick LaTorre, has been an active volunteer in the Valatie Rescue Squad for 19 years and serves as their President.

MetzWood is proud to announce that Derick’s application has been approved and the Rescue Squad has been awarded the $1,000 grant. The funds awarded will go a long way in the continued support that Valatie Rescue provides to the community!

iPhone Tip To Reduce Distracted Driving

iPhone tip for safetyOur smartphones provide the world’s knowledge and unlimited connection at our fingertips. We can’t seem to put our devices down, including when we are driving.

According to the Center for Disease Control, 9 people are killed and over 1,000 people are injured each day in accidents that are reported to involve a distracted driver. Sending or reading a single text message takes your eyes off the road for nearly 5 seconds – long enough for your car to travel the length of a football field.

Apple is attempting to help reduce this problem in the latest release of their iPhone software (iOS 11), with a solution called Do Not Disturb While Driving.

Here is what happens when the feature is activated:

  • Your iPhone stays silent and the screen stays dark. If someone sends you a message, they receive an automatic reply letting them know you’re driving.
  • iPhone delivers some notifications, such as times, emergency alerts, and alarms.
  • You will still be able to receive calls, if you are connected to a Bluetooth device.
  • You can still use Maps to navigate.

We recommend this feature to help limit the temptation to check your messages while behind the wheel. To Activate, simply go to Settings > General > Do Not Disturb. This small change can help keep you and family safer on the road.

We Now Offer Pet Insurance

We now offer Pet InsuranceIf you are like most pet owners, you know how costly a trip to the vet or animal hospital can be. Pet insurance helps ensure that you can give your dogs and cats the quality care they need, from routine checkups to emergency services.

Only five rating variables are needed to obtain a policy: zip code, dog or cat, breed, age and gender. The pet insurance policy covers accidents, illnesses, and hereditary and chronic conditions (a waiting period may apply to knee and ligament conditions). You can also add an optional preventative care with no deductible at an additional cost.

If you are interested in finding out more about protecting your furry friends (and assets), call your MetzWood Advisor at (518) 392-5161.

Managing Risk: Domestic Staff

Housekeepers, nannies, caretakers, and other domestic employees can help make life easier, and often feel like a part of the family. However, from a risk management perspective, these full-time employees present additional exposures that you will want to make sure you have covered.

Workers Compensation

Workers Compensation provides funds in the event of an on-the-job injury. It is required in New York State for anyone you employ that works over 40 hours.

NY Short-Term Disability

This is also a mandatory policy for any employees that work over 40 hours. It will provide compensation for off-the-job illness or injury benefit.

Employment Practices Liability

An Employment Practices Liability policy provides defense and coverage for allegations of discrimination, wrongful termination, harassment, and other employment-related issues. Contact your advisor if you have domestic employees and we can help you craft a plan to ensure you are properly protected.