Timely Topics
Am 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…
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…
Read MoreWhat happens if you drive without insurance?
If you are in New Jersey, for starters, you’d be receiving a ticket and having your license suspended! Driving without auto insurance in the Garden State is illegal in order to protect the assets…
Read MoreHow 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…
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…
Read MoreWhat is building ordinance coverage?
If you are required to rebuild your property differently because of laws or ordinances – such as changing the setback of a building – you are not covered unless your policy contains this coverage.
Read MoreWhat kind of insurance do I need for a commercial real estate investment?
A Business Owners Policy is usually the best value for a small to medium sized commercial investment property, providing coverage for a building, contents, loss of business income, and premises liability in a single…
Read MoreWhen do I need a commercial policy?
If your building has a business in it, or if you have five apartments or more you need a commercial policy to cover your property.
Read MoreHow does a property get valued for insurance?
Good insurance policies require that a building be valued at reconstruction cost, which is based upon labor and material costs, debris removal, demolition, and other factors. This is usually not the same value as…
Read MoreDoes a policy on a multi-family home cover loss of rental income?
A good one should provide at least 12 months of lost income if your multi-family is damaged by a covered peril. More can be added to ensure that you have enough money to cover…
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