Monthly Archives: March 2021

Required Auto Insurance in New Jersey

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There are many different types of auto insurance that are required for New Jersey drivers. Each state has its own requirements, and New Jersey has far more types of coverage required than most states. Call our E.S.T.I.R. Inc. office in Bloomfield, NJ to make your appointment with an agent to discuss your auto coverage. 

Standard and Basic Policies

In New Jersey, drivers have the choice between a basic insurance policy and a standard policy. Both meet the requirements for legal driving in the state. The basic policy requires a set minimum for property damage liability, another minimum amount for personal injury protection and a much higher minimum amount for protection against significant or permanent injuries.

The numbers are coverages are slightly different for the standard policy. This policy requires a set minimum for bodily injury liability per person injured as well as a higher minimum for everyone injured. It has another, the lower amount for property damage liability. It also includes coverage for underinsured or uninsured motorist bodily injury that has one set minimum for each injured person and another amount set for everyone injured. There is also personal injury protection that is in the same amount as in the basic policy. There is also coverage for personal injury protection for significant or permanent injuries. 

Other Insurance Coverage

In addition to the many types of insurance covered in these plans, there are also options and other coverage types that you can add onto your insurance. For instance, collision insurance, which covers your own vehicle, is an option that some drivers choose to have. 

Talk to an Agent

If you want to speak to an agent about your insurance needs, call our E.S.T.I.R. Inc. office in Bloomfield, NJ to make your appointment with one of our knowledgeable agents who can help you. It’s always best to have the auto coverage you need in case the worst should happen. 

Home Insurance Policies: Your Options

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A home is not just a roof over your head; it’s probably the most valuable asset you own. What does that mean? You most likely spent years saving for it. Is it something you can replace out of your pocket if disaster strikes? Of course not.

The risk of losing your Bloomfield, NJ home and not able to buy or build another one is the sole reason you need to contact E.S.T.I.R. Inc. They will help you choose a policy to protect your home.

What Does Home Insurance Do?

A home insurance policy will cover you in the event of the destruction of your home or damage to your personal items. It will also cover costs in case someone else is injured within your home or someone else’s property is destroyed.

Types of Home Insurance

Home insurance is available in various standard types that are worthwhile to know. They include:

HO-3

This is the most common home insurance policy. It covers home damage from almost all causes part from few exemptions such as floods and earthquakes. For personal belongings, HO-3 will cover damage from 16 named perils.

HO-5

This policy covers all causes except those specified by name. HO-5 is an open-perils policy that will only list what the insurance company does not cover. Some common exceptions include:

  • Power failure
  • Collapse
  • War
  • Discharge of pollutants
  • Mechanical breakdown

HO-1 and HO-2

These are less popular policies that cover issues listed in the agreement. Between the two, HO-1 covers even a shorter list of issues than HO-2. Typically, these policies cover the 16 named perils only.

Other types of home insurance policies include:

  • HO-4- Insurance for renters
  • HO-6- Insurance for condominium
  • HO-7- Insurance for mobile homes
  • HO-8- Insurance for older homes

Having home insurance is not a guarantee that your home will be safe from damage. What it does is give you financial backing if the unforeseen occurs.

If you need to purchase home insurance in Bloomfield, NJ you’re lucky to have agents ready to help you out. E.S.T.I.R. Inc. will assist you to choose a policy that best suits your needs. Get in touch today for more information.