Posts by Rocco Esposito
Renting a Car? What You Need to Know About the Insurance
When you rent a car—either near home, across the country, or internationally—there are important rules to consider for each scenario. Rental coverage is also affected by the policy you hold on your own vehicle. Your car rental contract will generally offer two insurance coverage options: liability and the loss damage waiver (LDW). Liability CoverageLiability coverage protects…
Read MoreMitigating Risk: Dogs and Animals
Have you had a tenant ask to own a dog or other animal at one of your rental properties? Consider carefully before you answer. Whether or not you utilize an LLC to compartmentalize your risk, we recommend umbrella insurance to all real estate investors for additional protection against lawsuits. But even an umbrella policy may not…
Read MorePreventing Grill Fires This Summer
Now that summer is in full effect, people are dusting off their outdoor grill and enjoying the warm weather. But as the weather heats up, and people start using their grills more frequently, grill fires become more and more common. Here are some tips to remember when grilling in order to keep your home and…
Read MoreHurricanes and Flood Insurance: The Basics
When Do Hurricanes Normally Occur? The Atlantic Hurricane Season is the portion of the year when hurricanes are more likely to form within the Atlantic Ocean; the season spans from June 1st to November 30th. Each year, during these more active months, damages cost the U.S. hundreds of millions of dollars. According to the National…
Read More3 Stages of Teen Driving in NJ:
Learners, Probationary, and Full Privilege Explained Your teenager is learning to drive! How time flies. We all remember our children pushing around plastic cars or riding their first bicycle. Can’t we go back to that? While it may feel like it is too soon, if your teen is obtaining a New Jersey Driver’s License, they…
Read MoreYour NJ Auto Insurance Policy: 3 Things to Know When Adding Your Teen Driver
Have you ever wondered how your auto insurance policy will change when your child first learns to drive? Here are 3 things you should know about your changing auto policy for when your teen gets behind the wheel. 16 Can Be Expensive. The crash rate per mile driven is 1.5 times higher for 16-year-olds than…
Read MoreInsurance When Borrowing a Car
Your friend Steve is inebriated and asks you, the sober and responsible friend, to drive his car home for him. Considering Steve was your ride to the bar and lives on your street, you agree, deeming it the smart move. On the drive back, Steve’s brand new Mercedes is badly rear ended by another vehicle,…
Read MoreInsurance When Renting a Car
Ever wonder how insurance works when renting a car? For this entry, we’ll be doing a Q&A with insurance expert John Ortega to find out! Am I covered by my personal insurance when renting a car? Yes. If you have full coverage (collision and comprehensive) you are covered in the United States and Canada for…
Read MoreAm I covered if my car is stolen?
It depends on the type of insurance coverage that you have. If you opted for state minimum requirements, then you only have coverage for liability, so the answer is most likely no. On the other hand, if your car has comprehensive coverage, then the answer is most likely yes! New Jersey only requires drivers to…
Read MoreHow can I benefit from umbrella insurance?
If you own your home or value your savings and future earnings, umbrella insurance may be something you want to look into. Only about 10% of people have umbrella coverage, meaning that most people are vulnerable to lose everything in the event of a major lawsuit. Imagine you are driving one day and get into…
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