The New York State Insurance Department, in cooperation with the National Association of Insurance Commissioners, is urging consumers to review their policies during “Get Smart About Insurance Week”, January 20-24.
NYSID Superintendent Gregory V. Serio said in a written statement that the designation had prompted the Department to advise all New Yorkers to “review their insurance policies to ensure that you and your family are properly covered.” Serio urged consumers to “take this opportunity to make certain that they have the affordable, comprehensive insurance coverage they need,” and reminded the public that “the Insurance Department is your best resource for all insurance-related questions and concerns.”
The Department offers various publications and services to aid New Yorkers. The consumer hotline is 1-800-342-3736. The guides for consumers include:
— Consumer Guide To Automobile Insurance
— Consumers Guide To Health Insurers
— Consumers Shopping Guide For Homeowners And Tenants Insurance
— Consumers Guide To Long-Term Care Insurance
— Insurance Frauds Consumer Brochure
— Small Business Insurance Guides
— External Appeal Program Annual Report Of July 2000 – June 2001
— Directory Of Insurance Companies
“Our guides, Web sites and consumer representatives are important resources that I urge consumers to utilize to help get smart about insurance,” added Serio. “Insurance is an essential element in everyday life that secures our standard of living and the stability of our families as well as our property rights. Taking this time to ensure proper coverage will provide consumers with a feeling of security that if adversity strikes, their insurance policy is there to help them with their financial recovery.”
He also urged consumers to “get smart about their insurance coverage and outlined the following steps the public should take:
— Consumers should know what kind of coverage they need before they shop around.
— Schedule a routine “check-up” with your insurance providers at least once a year.
— Inquire about the cost benefit of opting for higher deductibles.
— Ask specifically about discounts for good driving records, good health, good grades, special education or training.
— Shop around for identical products and services. Not every company charges the same rate.
— Remember an insurance policy is a legal document. Read it carefully.
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