Frequently Asked Questions:
Auto, Home, Business Insurance, & More

Yes. In New York State, carrying auto insurance is mandatory to legally operate a motor vehicle on public roads. 

A typical policy includes liability coverage (for bodily injury and property damage you may cause to others), collision and comprehensive coverage (for damage to your own vehicle), uninsured/underinsured motorist protection, and optional add-ons depending on your needs (rental reimbursement, roadside assistance, etc.).

Some strategies include: maintaining a clean driving record, bundling auto insurance with other policies (such as home insurance), raising your deductible (if you can afford it in a claim), taking advantage of discounts (for safe driving, multi-vehicle, etc.), and comparing coverage options to avoid paying for unneeded extras.

Yes. If your situation changes (you add a new car, retire a vehicle, or a new driver needs coverage), contact our agency and we’ll help you adjust your auto insurance policy.

Home insurance generally covers your dwelling (structure), other structures (like a detached garage), personal property, liability (if someone is injured on your property), and additional living expenses if your home becomes uninhabitable due to a covered peril.

Yes. Most standard home insurance policies do not cover flood damage. If your property is in a flood‐prone zone or you’d like extra protection, you may need a separate flood insurance policy (often through a separate program). Palumbo can help you explore flood coverage. 

The value is generally based on the cost to rebuild (replacement cost) rather than the market value. Factors include square footage, construction materials, local labor costs, and building codes. We’ll help you estimate adequate coverage, so you’re not underinsured.

Yes. Bundling home insurance and auto insurance with the same agency or carrier often gives you a discount. Reach out to us, and we’ll check possible savings for your situation.

We offer business insurance (also called commercial or commercial lines) tailored to your industry. This can include general liability, property insurance, professional liability, business interruption, workers’ compensation, commercial auto, and more.

Business risks include property damage, liability lawsuits, employee injuries, business interruptions, and more. Having business insurance helps protect your assets, operations, and financial stability in the face of unforeseen events.

Commercial policies are designed for business entities and consider unique exposures such as customer interactions, business premises, professional services, employee risks, and higher liability limits. The underwriting process is also more specialized.