Potsdam Insurance Agency

Go to the DMV first, turn your plates in, and bring the receipt to us.

While policies that extend coverages to new cars typically give you anywhere from 7-30 days to inform your car insurance company that you purchased a new vehicle, it is always a good idea to call your agent before picking up the car.

We do not add a young driver until they get their actual license.

In most cases, engine failure is not covered by your car insurance. Car insurance policies must provide required coverage, which can include liabilities for: bodily injury, property damage, personal injury protection, and insurance motorist coverage.

Car insurance doesn't only protect your car in the event of an accident, it also protects you from: financial liability, medical expenses, and also from legal consequences. All but two states require you to have auto insurance so that you can pay for the damages you're liable for after a car accident.

If your policy offers replacement coverage, it means you will receive the cost of the item without considering depreciation. However, these policies limit your payout to a maximum dollar amount, which is the limit on the policy.

This is how much it costs to replace an item minus depreciation. For example, your refrigerator may have cost $2,000 when you first bought it, but then depreciated by 50% before it was damaged. You should be paid $1,000 for it based on actual cash value.

You as the homeowner are required to notify your insurance provider to remove the mortgage.

Unlike owning a car, you can legally own a home without Homeowners insurance, but your lender will probably require some level of coverage. Homeowner insurance provides financial protection for your home and personal belongings from damage or theft, but it is not legally required.

Generally, Homeowner insurance does not cover removal of trees unless it falls on a fence, garage, or other structure and causes damage.