Posts by Lars Claussen
How Homeowners Insurance Works
When was the last time you reviewed your homeowners insurance policy? Do you know exactly what is and is not covered? With every insurance plan varying in coverage and cost, it’s important to understand what your personal policy includes. Though not every plan is the same, there are quite a few aspects of insurance that…
Read MoreWhat is covered by a property insurance policy?
Your property is covered against sudden and accidental damage. There are key exclusions, notably flood, earthquake, sinkhole collapse, wear and tear, pollution (an oil tank that leaks, for example), damage caused by vermin, intentional acts, and others. Mold coverage may be limited, and water backup typically needs to be added.
Read MoreInsuring New Jersey Coastal Properties
Q: How does an investment property get valued for insurance? The best coverage will require that a building be valued at the reconstruction cost, which often is more than the cost to purchase, particularly if a building is distressed. This will allow you to have replacement cost coverage. Conversely, many policies will allow you to…
Read MoreInsurance Tips For Newlyweds
Being newly married is exciting, but it also comes with a lot of new responsibilities. One important responsibility is reevaluating your insurance coverage. Use the following tips to make sure you are adequately protected: Check Your Health Care Coverage Options Health care coverage is important because it covers the costs of preventative checkups, medications, and…
Read More#SaveYourSelfie: A Movement to End Distracted Driving
Between 2004 and 2013, the state of New Jersey experienced nearly 1.4 million motor vehicle accidents involving a distracted driver. These accidents resulted in more than 1,600 deaths and thousands more injuries. These staggering statistics encouraged New Jersey lawmakers to take action—as of July 1, 2014 the fines for talking or texting on a cell…
Read MoreMaintaining Your Home For A Lifetime
There is nothing quite like owning your own home. Sure, it comes along with paying a mortgage and maintaining proper upkeep, but you also have the joy of coming home after a long day to the comfort of your own surroundings. If you’re like most people, owning a home is one of the biggest investments…
Read MoreHow to Properly Insure Your Jewelry
An antique brooch from your grandmother, the engagement ring you take off and carefully place when you’re cooking. Beautiful, one-of-a-kind earrings you received as a gift. For many, jewelry isn’t simply a fashion statement. Earrings, rings, bracelets, and other items often hold sentimental value and become part of family tradition. Just as with everything that…
Read MoreThe Most Common Causes of Car Accidents
Car accidents happen everywhere, every day. Most people at least know someone who has been in a car accident if they, themselves have not. If you have been in an accident and are reading this, consider yourself lucky: approximately 1.2 million people die every year from car accidents, and by the year 2020 that number…
Read MoreHow Much Car Insurance Do You Need?
Whether you’re choosing your first auto insurance policy, making a switch, or looking for additional coverage, it is important to understand the basics of car insurance. Here’s what you need to know: Types of Car Insurance Coverage There are many types of auto insurance policies available. These policies provide various levels of protection. Some drivers…
Read MoreLife Insurance 101: What, Why and How
Having the discussion about life insurance isn’t always an easy conversation to have. It is, however, a necessary one. With the proper life insurance plan, and adequate coverage, you can ensure your loved ones will be financially cared for when you pass. What is Life Insurance? Like other insurance plans, a life insurance policy is…
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