HOW TO: Complete a Home Inventory

Here is an excerpt from a new blog post at GreggMarcus.com:

When a homeowner has a Homeowner’s Insurance Policy  they need to have a home inventory to give to the insurance company in the event of a claim. A home inventory is simply a list of your personal possessions. It is important to carefully document all of the belongings in your home so that in the event of a loss, you can provide proof of each item to your insurance company. Police officers, firefighters and all other “first responders” state that a clear home inventory is the most important item you can offer them after a loss. In this post, Gregg S. Marcus, a Long Island Insurance Executive explains the process of completing a home inventory.

Using a combination of a paper list, photos and/or videos is the easiest and most effective way to construct a clear, solid home inventory. Here are the usual steps to generate a useable home inventory list:

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


Guide to Collector Car Insurance

Here is an excerpt from a new blog post at GreggMarcus.com:

Only those with a genuine passion for classic automobiles can truly appreciate the time and effort it takes to keep these vehicles in perfect condition. A standard automobile insurance policy will not be enough protection for these works of art, as they will not take into account the nature of a collector car. If you are the owner of a classic car or are in the market to purchase such a vehicle, Gregg S. Marcus, a Long Island Insurance Executive can assist you in protecting your prized possession.

The biggest difference between a “regular” car and a classic car is the rate of depreciation. A car that someone drives everyday will depreciate in value at an alarming rate. A classic car, depending on the make, model, year and condition, usually holds the original value well and in many cases will appreciate over time. Regular car insurance policies pay their claims based on the always-changing value of the vehicle and do not take into account the investment properties of a classic car. When you are covered with classic car insurance, the claims are paid based on a value that you have agreed upon with the insurance company, prior to entering into the policy agreement.

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


Will Social Media Change the Insurance Agency?

Here is an excerpt from a new blog post at GreggMarcus.com:

In the past decade, communication has changed dramatically. Facebook messaging has replaced traditional e-mail, and text messages and wall posts have replaced phone calls. There is no stopping this evolution and major brands as well as small businesses now include social media within their marketing plans. Gregg S. Marcus, a Long Island Insurance Executive actively uses social media discusses how insurance agencies can embrace this change.

With social media, consumers are more likely to purchase from an insurance agency if someone they know recommends it. The easiest way a past client can recommend an agency is to have a presence on some of the major social media sites, such as Facebook, Twitter and LinkedIn. Another benefit of creating and maintaining social media profiles is opening up a line of communication between your agency and the consumer.

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


FAQ: Does My Roommate Need Renters Insurance Too?

Here is an excerpt from a new blog post at GreggMarcus.com:

There are many common misconceptions about Renter’s Insurance . This is a special policy that can be purchased by tenants to protect their valuables and provide liability coverage as well. Gregg S. Marcus, a Long Island Insurance Executive  highly suggests that all tenants purchase renter’s insurance for a small monthly premium to protect all of their possessions.

Depending on your policy, your roommates’ possessions may or may not be covered. Most policies are designed for single individuals and families, not unrelated individuals. Some insurers cover roommates if they’re included on the policy but it’s by no means the rule. Gregg Marcus recommends that each tenant purchase an individual renters insurance policy.

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


How Gregg Marcus is Giving Back to the Community

Here is an excerpt from a new blog post at GreggMarcus.com:

Gregg S. Marcus is more than just a Long Island Insurance Executive . He believes in giving back and does so by donating most of his free time to local charities that have found a place close to his heart:

Kidney & Urology Foundation of America (KUFA)
KUFA is a national, not-for-profit organization dedicated to helping people with kidney and urologic diseases and individuals waiting for organ and tissue transplants. “I’ve been involved for over sixteen years,” says Gregg Marcus about KUFA. “A friend’s wife just donated a kidney to her daughter and another friend’s son donated a kidney to his father. It’s the circle of life in the true form,” Gregg states about the organization.

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


5 Common Types of Business Insurance

Here is an excerpt from a new blog post at GreggMarcus.com:

When you operate any type of business, uncertainties can and do occur. Such risks can negatively affect your business. It is important to be familiar with the different types of business insurance policies, but be aware that because every business is unique so are its insurance needs. In this post, Gregg S. Marcus, a Long Island Insurance Executive discusses the five most common types of business insurance.

1. General Liability Insurance
This is the most commonly used business insurance, which covers legal hassles due to accidents, injuries and negligence claims. These policies protect against having payments as the result of bodily injury, property damage, medical expenses, libel, slander, the cost of defending any lawsuits and judgments made against the business.

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.


When to Drop Collision Coverage From Your Auto Insurance

Here is an excerpt from a new blog post at GreggMarcus.com:

This is a question that Gregg S. Marcus, a Long Island Insurance Executive  hears a lot when quoting automotive insurance. Relative to the cost of other liability or comprehensive auto insurance coverage, collision coverage can be expensive.

According to the American Insurance Institute, collision coverage pays for damage to your car resulting from a collision with another vehicle, object or as a result of flipping over. Damages from potholes are also covered by collision. It is basically “physical damage” coverage for your own vehicle. Collision does not include any bodily injury or damage done to a human being. It also does not cover damage done to someone else’s car by your vehicle. The most important factor when deciding whether to drop collision coverage is the replacement value of your car. Depending on the value, it may not make sense to pay to fix it.

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.