Monthly Archives: January 2023

When Should You Update Your Home Insurance?

Posted on by

It’s important to update your home insurance policy due to certain events. This ensures that you have the proper coverage. At E.S.T.I.R. Inc. in Bloomfield, NJ, we offer home insurance and other types of coverage. 

Renovations 

If you’ve just performed renovations or significant improvements on your home, you’ll need to update your homeowner’s policy. If your home is damaged or destroyed, the compensation you receive will be based on the value of your home. 

Renovations and other improvements increase the value of your home. Notifying your insurance company means you are covered for the current full value of your home.

Major Purchases 

Your homeowner’s policy also covers your possessions. However, some high-end items require a rider to provide adequate coverage. You should notify your insurance company if you just purchased a home theater system or expensive jewelry. 

Attractive Nuisances

A swimming pool is an excellent example of an attractive nuisance, but it’s not the only one. Other items, including playground equipment, treehouses, and trampolines, also fall into this category. 

 They can increase the value of your home. However, they can also affect your liability. Your premium may increase, and you may need to increase your liability coverage to protect your assets. 

Security System

You installed a security system because you want to keep your family safe. However, it’s also beneficial to your insurance company. It reduces the risk of property damage, fire, and other incidents that could trigger an insurance claim. For this reason, many insurance companies offer a discount on security features. 

Home Insurance with E.S.T.I.R. Inc.

If you need home insurance in Bloomfield, NJ, contact us at E.S.T.I.R. Inc. Our knowledgeable agents will discuss your coverage needs and help you select the best policy. 

What Are the Types of Auto Insurance Coverage?

Posted on by

If you own a car and drive regularly, it is also essential to have car insurance. It protects you if you get involved in a car accident, or something happens to your vehicle. There are many auto insurance types, so deciding which one you need can be challenging. Let’s take a look at the most common types of car insurance: 

Types of Auto Insurance Coverage

  • Collision coverage. It covers the damage to your car if you hit another car or object. If your vehicle is totaled, collision coverage will cover the value of your car. This type of coverage is mandatory for everyone who has a lienholder. 
  • Comprehensive coverage. While collision coverage covers road accidents, comprehensive coverage covers situations unrelated to a covered accident, such as vehicle theft, weather damage, or hitting a deer. 
  • Liability coverage. This coverage will help you if you are involved in a car accident and your actions cause this accident. This type of auto insurance will cover property damage and medical bills from resulting injuries. 
  • Bodily injury liability. This type of insurance protects you against financial loss if you hurt someone in a car accident. For example, if you run a red light and hit a person crossing the road, this type of auto insurance will pay for the medical treatment of an injured person. 

E.S.T.I.R. Inc. – an Insurance Agency in Bloomfield, NJ Known for Excellence and Experience

Are you shopping for car insurance to protect your vehicle and yourself? Do not hesitate to contact E.S.T.I.R. Inc. – an insurance company in Bloomfield, NJ that has been in business since 1999. Our company specializes in different types of insurance, including commercial, home, and auto insurance. If you have any questions about insurance types or need help choosing the best insurance plan for you, feel free to contact us.