Author Archives: AgentInsure

What if during my Commute to my Office via Public Transportation my Personal Laptop gets Lost, Stolen, or Damaged? Would it be Covered by my Home Insurance Policy, in Newark, New Jersey?

Posted on by

When a personal laptop is stolen or damaged during your commute to the office in Newark, New Jersey, you may worry about where to make a claim for the electronic device. In many cases, your home insurance may offer some protection for the lost laptop, but the details of your plan may vary.

Look at Your Policy

Read your policy thoroughly before you assume that you are covered for a lost, stolen or damaged laptop during your commute in public transportation. Although many insurers may offer some protection for items that are taken out of your home, the situation may or may not be covered under your current policy.

Consider a Commercial Claim

If you lost the electronic device during a commute to the office, then it may be possible that your home insurance will refuse to pay for the device and will require that you make a claim through your employer’s commercial policy.

The details of any homeowner’s policy will vary based on the situation, the details of your plan and the expenses associated with the situation. In many cases, you may be covered under your home policy. In other situations, your insurer may refuse to pay on your claim due to the fact that you were taking the laptop to your place of employment.

Ultimately, every insurer offers a different solution based on the situation and the details of your protection plan. If you do not have coverage for an object that is taken out of the house, then you may need to pay for the replacement of your electronic device out-of-pocket. Contact us to speak to an independent agent to learn more about coverage options. What if during my Commute to my Office via Public Transportation my Personal Laptop gets Lost, Stolen, or Damaged? Would it be Covered by my Home Insurance Policy, in Newark, New Jersey?

How Will I protect my Employees in the Event they are injured on the Job in Newark, NJ?

Posted on by

An injury to employees when they are on the job in Newark, New Jersey is your responsibility as an employer. By obtaining appropriate commercial insurance, it is possible that you can protect your employees from workplace injuries and keep them from facing financial challenges if they are unable to work due to an accident.

Worker’s Compensation

A key part of ensuring that your employees are covered for accidents on the job is obtaining appropriate worker’s compensation insurance. The policy is designed to address the potential risks associated with your business. If employees are injured, then they will have protection to help pay for the medical bills and other associated costs until they heal and can get back to work.

Worker’s compensation requirements may vary based on your business. If there is a high risk of injuries, then you may need to purchase a greater amount of coverage.

Health Insurance

Another way that you can help protect your employees is by purchasing and offering a health insurance plan. The additional coverage can help your workers stay happy and healthy when they are on the job. It also helps identify job-related risks and factors that may contribute to accidents at work by providing the opportunity to see a doctor on a regular basis.

After an injury, having health insurance will help reduce the cost of medical bills. The coverage will pay for many of the medical expenses so that the financial burden is limited.

As an employer, it is your responsibility to protect your workers from potential injuries. Although a training program can help, insurance is important to help keep the financial risks to a minimum. Talk to an independent agent to learn more about commercial insurance options.

Is there an auto insurance policy for life time in Newark, NJ?

Posted on by

There are no auto insurance policies for life time in Newark, New Jersey. When you purchase an automobile insurance policy, there are many factors that go into the coverage. Your policy is based on the type of vehicle you drive, where you live, and how many miles you drive per year. Since these factors often change throughout your life time, your policy will also change.

An independent agent can help you find a great auto insurance policy that will take care of your immediate needs. Depending on the type of vehicle you own right now, you will need to determine if you need a comprehensive plan or a basic liability auto insurance plan. When you compare rates online, you can find quotes that will fit into your current budget.

As your needs change, you will need to consider changing your vehicle insurance policy. If you move away from New Jersey, you may need to find a new insurance provider. This is where our independent agent can help. You can compare the quotes online and find another policy that takes care of your needs. In addition, if you shorten your commute or begin riding the metro in NJ, you may be able to save money on your policy.

Although a life time policy seems like a great idea, you are actually better off shopping around for automobile insurance as your life changes. When working with our independent agent you can find the insurance coverage you need for the price you can afford. When you are ready to begin looking for a policy, just give us a call and let us take care of comparing quotes and rates and begin saving money today.

Do I Need my Automobile and Homeowner Policies, in Spite of Having an Umbrella Policy in Newark, NJ?

Posted on by

Purchasing an umbrella policy in Newark, New Jersey does not mean that you are covered for accidents or problems in your home. Depending on your current goals, the amount of auto insurance and homeowner’s coverage that you need will vary. Regardless of the details, an umbrella policy is not enough to handle every situation that may arise.

What is an Umbrella Policy?

An umbrella policy is a type of protection plan that provides supplemental coverage in case you a sued for liability. It is not designed to pay for all of the costs or for issues that are not related to liability, such as repairs to your vehicle after a hail storm or a similar situation.

The plan is designed to protect your finances if you are involved in an accident and your basic coverage does not pay enough to handle all of the costs. It can be applied to your vehicle or your house, depending on where you are worried about losing funds.

Finding the Right Plans

Since an umbrella policy is a supplemental insurance solution, it is not appropriate to give up your auto and home coverage. If your current policies are not appropriate for your goals or needs, then it may be necessary to look for a new plan. Finding the right policies for your car or house will depend on your goals, concerns and the amount of coverage that you want.

It is not enough to obtain an umbrella policy and hope that it will work well. The plan is designed to protect you from financial liability in excess of your car or house coverage. Contact us to talk to an independent agent to learn more about protecting your assets.

In Newark, NJ, Do Water Proof Roofs Yield Discounts on Home Insurance Policy?

Posted on by

A leak in your roof can result in high-cost repairs. In some cases, you may need to change the entire roof before you are able to fix the damages. Before putting in a new roof, you may want to consider the materials and look for a water proof option. Depending on your insurer and the policy that you own, it may be possible to apply a discount to your homeowner’s policy in Newark, New Jersey if you put in a water proof roof.

Differences between Insurers

Although some insurers may offer a discount on your home insurance if you put in a new roof, the change may not yield a discount with other insurers. Your home is covered for certain concerns, but the details of any policy can vary.

Every insurer is different, so the possibility of applying a reduced rate to your coverage may vary. In some cases, you may have reduced rates available through your insurance company.

Applying a Discount

If you discover that certain materials will result in a lower price on your monthly payments, then it is best to make that change when you already have a leak. After the change is complete, contact your insurer and ask for a discounted rate. The insurer may ask for some additional information and details regarding the materials, so provide any information that is requested. Depending on the company, the amount that you will save on a monthly basis can vary.

Discounted rates and methods of reducing your monthly payments can vary between insurers and the policy that you purchase. In some cases, you may have options available to cut back on your monthly payments. Contact us to talk to an independent agent to learn more about protecting your home.

Does Premium Increase if my Vehicles Windshield is Damaged in Newark, New Jersey?

Posted on by

Damage to your vehicle often results in an increased premium on your account, but that is not always the case in Newark, New Jersey. Depending on the situation and the type of insurance that you purchase, it may be possible to avoid additional expenses when your windshield is damaged.

Situational Damage

If your windshield is damaged, then the situation may play a role in the impact on your auto insurance policy. In some cases, the damage may be covered by your insurer. If the damage is covered and you make a claim, then the reason that the damage occurred might impact your premiums.

When damage is related to a storm, such as a hail storm or a fallen tree branch, you may not see a dramatic impact on your rates. Unfortunately, an accident that damages your windshield may cause your insurer to increase your premium due to the higher risk.

Forgiveness Programs

The type of policy that you purchased may also impact your premium. If your vehicle is enrolled in an accident forgiveness program, then the damage may not impact your monthly rate. In some cases, the insurer will forgive the first accident without increasing your premium or making changes to your account.

Qualifying for a forgiveness program will depend on your insurer. In most cases, you will need an excellent driving record to qualify. If the damage is caused by an accident, then the program will allow you to avoid additional costs.

Replacing the windshield is often annoying, but it does not necessarily mean that your insurance rates will increase. Depending on your policy and the situation, you may be able to maintain your current rates. To learn more about your insurance policy, contact us to talk to an independent agent today.

What are the Important Factors to be looked Upon in Newark, New Jersey, Before Buying a Home Insurance Policy?

Posted on by

Finding the right home insurance in Newark, New Jersey is an important part of protecting your personal assets. There are a few key factors that you will want to consider as a homeowner before you buy any coverage.

Determine Your Concerns

The concerns that are associated with your home will impact the insurance coverage that is appropriate for your house. You want to be covered for all of the concerns, regardless of how large or small they might seem.

Make a list of all of your concerns before you look for coverage. Consider liability, personal belongings and the value of your home along with any other worries that may relate to the house. Identify any situation that may damage your property so that you can obtain appropriate coverage.

Evaluate the Risks

Your concerns are only one of the factors that may impact your coverage. You will also want to evaluate the risks associated with your property. For example, if you have a pool in the yard, then you will have a higher risk of injuries and therefore you may need more liability protection.

Identify all of the risks in your home, including potential flooding or possible injuries that may occur. You want to have enough coverage to protect your home from all of the risks that are associated with the property, regardless of the situation.

Buying a new house requires an appropriate insurance policy to protect your assets. If you do not obtain coverage to protect your house against the possible risks and all of your concerns, then you may face unexpected costs in the future. Contact us to talk to an independent agent for more details about your coverage options.

What Should I do if my Home Insurance Records are Lost Due to a Fire Accident in Newark, New Jersey?

Posted on by

When a fire occurs in your home, you may be covered for the damages in Newark, New Jersey. The problem is that when the accident causes you to lose the records regarding your coverage amount and the details of your policy, it may be hard to determine if you can make a claim. Before you make a claim on your homeowner’s insurance policy, replace your policy records.

Contact Your Insurer

The basic policy and agreement with your insurer will usually be available through your insurer. Contact the company and speak to a customer service representative. Explain the situation and ask for a copy of your records to be sent to your home or office address.

Depending on the extent of your records, the insurer will usually have a copy of the basic policy and any documents that you sent as proof of ownership at the time you apply for your coverage.

Contact Other Companies

If you have lost any other important documents, then contacting the appropriate company or authority associated with those papers will be necessary. Ask for a copy of the documents and records, particularly if it is the deed to your home, estimates of the value of your property or any other related paperwork that may have been lost when the fire accident occurred. Depending on the documents that you have lost, it may take time before you receive all of the copies that you request.

An accident that results in the loss of documents can seem complicated, but it is usually possible to replace most of the paperwork by contacting your insurer and any company associated with the paperwork. To learn more, call us to talk to an independent agent today.

What percentage of tax exemption can one get by purchasing a commercial insurance for a mid-sized company in Newark, NJ?

Posted on by

Whether your company is based in Newark, Livingston, Montclair or anywhere else in New Jersey, it may be eligible for the CBT (corporation business tax) and Insurance Premiums Tax Credits Transfer Program. New Jersey offers tax credit certificates, that may be transferred, to businesses relocating to the state. You’ll also probably be allowed to deduct the entire cost of your commercial insurance premiums on your business or corporate tax return.

Insurance Premiums Tax Credits

Section 34:1B-120.2 of New Jersey Revised Statutes (rev. 2013) states the specifics on transferring unused insurance premium tax credit certificates by mid-sized New Jersey businesses. The interpretation and application may appear confusing to the layperson.

The bottom line: Other companies with CBTs and/or insurance premiums tax credits can "surrender" those credits for use by other corporate and insurance premiums taxpayers in New Jersey. The percentage of the tax exemption your company may receive depends on the value of the certificate you acquire and your company’s taxable net income.

Consult with your independent agent servicing Newark for valuable advice regarding your company’s ability to get and use an insurance premium tax exemption for your business. Your company can apply to the Executive Director of Labor and Workmen’s Compensation authority and the Director of the Division of Taxation for a tax credit transfer certificate.

You can receive this exemption for an amount equal to 75 percent of the amount stated on the certificate if you’re relocating to the state. You can then use the exemption to offset expenses of operating in New Jersey.

Commercial Insurance Tax Deductibility

When you purchase commercial insurance for your business, you’ll be able to deduct the premiums from your net profit before you file your taxes. Your independent agent can advise you about purchasing the right commercial insurance for your business to protect your company assets.

Advantages of adding a joint policy holder to your home insurance policy in Newark, NJ.

Posted on by

In most cases, homeowners do not need to add a joint policy holder to their homeowners insurance policy. Some times, though, adding another policy holder has several benefits. Here are some of the advantages homeowners might see by adding a joint policy holder.

Another Person to Manage the Policy

Only those named as policy holders are authorized to manage the policy; policy holders can increase coverage, decrease coverage and make other changes to the policy. If there is only one policy holder listed on the policy, then only he or she is able to make any changes. He or she must be the person who calls the insurance company when there is a coverage question or a claim.

Adding a joint policy holder gives another person permission to communicate with the insurance company. If the first policy holder is too busy to call the insurance company, then the joint policy holder can communicate with an agent.

Possibly Lower Premiums

Some homeowners in Newark, New Jersey have also been able to lower their homeowners insurance premiums by adding a joint policy holder. There are many factors that determine what a policy’s premiums are, and who is listed as the policy holder(s) is one such factor. Sometimes, listing an additional person has a beneficial effect on a policy’s cost.

Residents of Newark, New Jersey who are curious about the possible advantages of adding another policy holder should contact us. As experienced insurance agents, we are able to help homeowners compare all of their insurance options and explore what combination of coverage is best for their situation. An independent agent at our office would love to help you see if adding another policy holder is a wise choice for your situation.