Monthly Archives: January 2021

What Is and Isn’t Covered by Home Insurance

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Home insurance isn’t “one size fits all.” Policies vary to suit your individual needs. Most policies offer dwelling, property, and liability protection to protect your home structure, possessions, and personal assets against accidents on your property. By reviewing your home coverage with your E.S.T.I.R. Inc. agent, you’ll have a better idea of what is and isn’t included in your policy.

What Standard Home Insurance Covers in Bloomfield, NJ

Standard home policies offer the following coverage:

  • Dwelling – to protect your Bloomfield NJ home and attached structures  such as a garage
  • Additional Structures Coverage – to protect structures not attached to your home such as a fence or utility shed
  • Property – to protect your belongings  
  • Liability – to protect you against accidents that occur on your property

You decide the scope and amount of coverage you want to protect your investments. By assessing the value of your home and goods, you’ll have a better idea of how much coverage to choose to fully protect your assets.

Keep in mind that standard policies have limits on property coverage. If you own high-end goods, such as posh jewelry or original artwork, you may need to purchase additional coverage to fully protect these costly items.

Standard home insurance generally covers theft and damage caused by fire, vandalism, and certain natural disasters like severe storms, hail, lightning strikes, hurricanes, and tornadoes.

What’s NOT Covered by Home Policies

If you run a business from your home, your business equipment and inventory (if stored in your home or garage) is generally not covered by your home policy.

Home insurance also doesn’t cover earthquake or flood damage to your home or belongings. You can, however, purchase separate insurance for these disasters.

To learn more about home insurance, contact E.S.T.I.R. Inc., serving residents in Bloomfield, NJ, and surrounding communities.

Required Auto Insurance in New Jersey

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In New Jersey, having car insurance is mandatory, and it comes with several minimums that your insurance policy must meet. The state is a no-fault state that results in your insurance coverage paying for your medical bills from an injury even if you are at fault for the accident. If you need auto insurance in New Jersey, contact us at E.S.T.I.R. Inc in Bloomfield, NJ to find out more. 

State Minimum Insurance Coverages

In New Jersey, there are hefty penalties for not having car insurance, and that can include jail time. To avoid punishment, you need insurance that meets the state’s mandatory minimums for each required coverage type. There is a specific minimum amount that you have to have to pay for each person’s bodily injury as well as an amount for all of the bodily injuries that are caused by the accident. You also have to have a specific amount to cover your liability for property damage. Another mandatory coverage type is a specific minimum amount for covering bodily injury to an uninsured motorist. There is also coverage required for property damage done during an accident with an uninsured or underinsured motorist. 

Other Auto Coverage

When you have all of the state’s required minimums for coverage, you don’t have any protection for your own vehicle’s damage. Collision and comprehensive insurance cover your vehicle, though it isn’t mandatory to carry this coverage. It’s a good idea to have it, however, as without it you would have to pay for all of your vehicle repairs out of pocket. 

Make Your Appointment

To get the auto coverage you need, contact us at E.S.T.I.R. Inc in Bloomfield, NJ, and make your appointment to talk to an insurance agent about the best coverage for you.