Tag Archives: E.S.T.I.R. Inc

Does My Home Insurance Cover Burglary?

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Carrying home insurance is the most effective way to protect what’s likely your biggest asset. It’s also the most reliable way to ensure the security of your family in the event that your home needs repairs. One of the most common threats to homeowners is burglary, so it stands to reason that E.S.T.I.R. Inc., serving Bloomfield, NJ, often fields questions about whether or not home insurance covers burglary.

Understanding the Extent of Coverage

Most home insurance policies do cover burglary as a potential risk, but the extent of coverage will depend upon the terms of the policy. Therefore, you should carefully review the fine print to ensure that you have adequate protection as a homeowner in case your home is burgled.

Personal Property Coverage

Most home insurance policies include personal property coverage, which reimburses homeowners for stolen items. However, there are coverage limits, especially if you own high-value possessions like jewelry, electronics, and collectibles. Your policy may require additional endorsements or riders to cover expensive items like these fully.

Dwelling and Other Structures Coverage

Suppose a burglar damages a door or window to gain entry. In that case, dwelling coverage typically pays for repairs. Detached structures like sheds and garages may also be covered under the "other structures" portion of the policy.

Coverage Limits and Exclusions

Some policies exclude losses if the home was left unoccupied for an extended period or if the break-in was due to negligence, such as leaving doors unlocked. As mentioned above, cash and certain valuable items may have limited coverage unless extra protection is purchased.

For all the details pertaining to what your home insurance may or may not cover, contact your insurance representative at E.S.T.I.R. Inc., serving Bloomfield, NJ. We look forward to assisting you soon!

Why Contractors Need Contractor Insurance

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In today’s global economy many businesses are turning to the large workforce of independent contractors to help reach their business goals while not adding full-time employees. Typically when one thinks of coverage for contractors one thinks of construction and physical projects; however, making sure your contractors are covered with adequate insurance is just as important when you are hiring contractors for other services such as IT and consulting. If you are a business in the Newark, NJ, area and are wondering if your contractors are carrying adequate insurance, please reach out to an agent at E.S.T.I.R. Inc. who can answer all of your questions.  

It is essential to make sure your contractors have a general liability policy that will cover damages the contractor causes to a third party. In addition, a liability policy can also provide coverage for property damage caused by the contractor.

Another vital coverage to require when contracting with an independent contractor is professional liability coverage also known errors and omission coverage. An E&O policy helps cover costs associated with a financial a loss as a result of an error or omission by the contractor. If you are hiring contractors for a specific task such as cybersecurity, you will want to make sure the contractor has special coverage for cybersecurity work.

If you are hiring a contractor who uses their vehicle to conduct the services they are providing, it is essential that they carry business vehicle insurance.

Often contractors will carry a Business Owner Policy that bundles all of the significant coverages into one policy.

Depending on the nature of your business and the type of contractors you are hiring, you should require specific insurance that best protects your business. If you have a business and you are unsure if you are requiring appropriate insurance from your contractors, please reach out to a specialist at E.S.T.I.R. Inc. We proudly serve the Newark, NJ area.