FOR IMMEDIATE RELEASE
DEPARTMENT: NEW YORKERS SHOULD EVALUATE THEIR LIFE INSURANCE COVERAGE
NEEDS DURING GET SMART ABOUT INSURANCE WEEK'
Good Time to Do Annual Life Insurance Check-Up
Superintendent of Insurance Gregory V. Serio will be in Brooklyn today to promote Get Smart About Insurance Week and highlight the need for all New Yorkers to evaluate their life insurance needs and utilize the Departments resources to make the right choice when purchasing life insurance or annuities.
"There is no better time than Get Smart About Insurance Week, at the start of a new year, to analyze the need for life insurance," said Serio. "The Department encourages New Yorkers to do a life insurance policy check-up, by reviewing your coverage needs and utilizing the Department as a resource to help you choose the right coverage, the right company, and the right price."
Each day this week, the Department is providing information on a different insurance coverage to persuade New Yorkers to review their insurance policies to ensure proper coverage. Today, during the Superintendents visit to Brooklyn he will deliver the Governors Proclamation of Get Smart About Insurance Week to T.J. Derella President of the Professional Insurance Agents of New York (PIA).
The Proclamation reads:
"WHEREAS, all Americans feel the protecting arm of some form of insurance coverage and find great solace in that assurance when adversity strikes their insurance policy is their first line of help with financial recovery; and
WHEREAS, the vibrant New York State insurance marketplace offers a wide array of various types of insurance and levels of coverage at affordable rates; and
WHEREAS, the New York State Insurance Department, in cooperation with the National Association of Insurance Commissioners suggests that January is a good time of year for consumers to schedule annual insurance "check-ups" with their agent, broker or insurance carrier;
NOW, THEREFORE, I, George E. Pataki, Governor of New York State, do hereby proclaim January 19, 2004 thru January 23,2004 as GET SMART ABOUT INSURANCE WEEK in the Empire State."
New Yorkers are encouraged to visit the Departments "Life Insurance Resource Center" on the Web site for free tips and up-to-date information. Important points to consider when buying or changing your life insurance coverage include:
The New York State Insurance Departments toll-free hotline offers assistance with questions about proper homeowners insurance coverage. The toll-free number is 1-800-342-3736. The Departments hotline is staffed from 9 a.m. to 5 p.m. by insurance experts from the Departments Consumer Services Bureau. The Departments Web site is www.ins.state.ny.us.
The New York State Insurance Department is participating in the national Get Smart About Insurance Week campaign, sponsored by the National Association of Insurance Commissioners to remind New Yorkers of the importance of proper insurance coverage. For more information on Get Smart About Insurance Week, to request a consumer brochure and get information about what they need and should expect from insurance coverage, consumers can call the New York State Insurance Departments toll-free hotline 1-800-342-3736 or visit the Departments Web sites at is www.ins.state.ny.us. Additionally, consumers can visit www.healthyny.com for information on Healthy NY or www.captivesny.com for information on corporate self-insurance programs.