New York State Department of Financial Services extends grace periods for certain property/casualty insurance policies.  If you are an individual or small business and can demonstrate financial hardship as a result of the coronavirus pandemic.  
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New York State Department of Financial Services extends grace period and give you other rights under life insurance policy or annuity contract if you can demonstrate financial hardship as a result of the coronavirus pandemic.  Read more.


As we continue to monitor the spread of COVID-19 (coronavirus), the health and safety of our policy holders and staff is our top priority. Based on recommendations from the CDC (Center for Disease Control) as well as the recommendations from the New York State Governor,  SEFCU Insurance Agency has made the decision to temporarily close our offices located at 469 State Street, 3rdFloor, Schenectady and 297 Main Street, Schoharie beginning Friday, March 20th until further notice. 

This temporary closure affects SEFCU Insurance Agency offices ONLY. 

During this time of uncertainty, you can rest assured knowing that SEFCU Insurance Agency will continue to meet the needs of our customers. Agents are available by phone as well as email to service your policies, offer quotes, and answer any of your questions. We will not be staffing our offices or accepting premium payments in person.

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5 Reasons to Purchase Renters Insurance

Aug 15th, 2017

Renters insurance provides coverage designed to help protect you and your belongings. While you may not be able to prevent certain situations such as theft or an injury to a visitor, renters insurance can serve as an inexpensive way to help minimize the impact.

1. You aren’t covered under your landlord’s policy
Most landlords only have insurance that covers the damage to the actual building, which leaves your belongings (electronics, clothes, furniture, etc.) vulnerable to loss. In order to protect your possessions you’ll have to secure renters insurance. Some landlords may even require tenants to have a minimum amount of liability coverage.

2. It covers your personal belongings
A renters insurance policy protects against losses to your personal property such as clothing, jewelry, electronics, furniture, etc. in the event of a fire, theft, damage, and other perils. According to esurance.com, the average renter owns about $20,000 worth of personal property.

3. It’s affordable
According to the National Association of Insurance Commissioners (NAIC), the average premium for a renters insurance policy is between $15 and $30 per month depending on how much coverage you need, where you live, the type of coverage you choose, and the amount of your deductible.

4. It provides bodily injury liability coverage
Liability coverage is included in standard renters insurance policies. If a visitor is injured in your home, your policy can cover medical expenses and even legal fees up to the policy limit.

5. It can cover temporary living expenses
If you can’t stay at your home due to a covered incident, renters insurance can help to cover any relocation or additional living expenses up to the policy limit.

How we can help
We can evaluate your unique situation and ensure you have the right coverage at the best price. You can also combine your renters and auto insurance policies for extra savings!  

Visit sefcuinsuranceagency.com/quote or call us at 888-250-6689 for a free no-obligation renters insurance quote!

For more information or to obtain a free, no-obligation quote please call our team at 518-786-9905 or 888-250-6689 (toll free).