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.

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5 Steps To Keep Your Home From Being Underinsured

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

A large amount of homes in the US are underinsured. Keeping your home insured properly can save you a lot of anguish later when you are making a claim and it is not covered. Gregg S. Marcus, a Long Island Insurance Executive shares five steps you can take to assure that your home isn’t underinsured.

1. Know Your Policy and Coverage:
Your policy type should reflect your home’s needs. For example, if your home has special features such as hardwood floors and carved moldings, you will want to have special coverage for these features. It is always important to understand the basics of your policy. Make sure your policy covers a wide variety of perils. Also discuss what other types of policies are available with your agent to compare coverage.

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


Tricks To Keep Your Renter’s Insurance Premiums Down

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

It is common for renter’s insurance premiums to be inexpensive, with the average standard policy costing around $30 a month. This figure can differ though, according to many different factors. With the state of the current economy, every dollar counts! In this post, Gregg S. Marcus, a Long Island Insurance Executive lists some easy tricks to keep your renters insurance coverage costs even lower.

Decide on Valuations for Household Possessions
There are different ways to value your furniture, appliances and other possessions depending on the renter’s insurance policy you choose. You can purchase a policy based on a lump-sum value of all items, compensation based on a per pound value or even based on the actual value of specific items. When you purchase actual cash value (ACV) or replacement-value policy, you may be required to keep documents on hand that prove the current market value of the items you own. Making the right decisions about the valuations of your possessions can help save money on your renters insurance and your overall household budget.

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


5 Things You Did Not Know Your Insurance Covered

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

Your homeowner’s and car insurance policies include a lot of coverage that you probably have never thought about. In order to get the most value from your policy, Long Island Insurance Executive Gregg Marcus lists five things that you are most likely covered for already with your current premium payments:

1. An Injured Pet
Since pets cannot put on a seat belt in a vehicle, even a minor fender-bender can result in an injury for your pet and major veterinary bills. Depending on where you live and the insurance company you have a policy with, your car insurance could pick up the bill. Most require that you have comprehensive and collision coverage and will cover up to $600 in your pet’s medical bills.

2. Reckless Friends
If you lend your car to a friend for a few hours and they are in an accident, your own insurance policy will come to your rescue. Despite what people think, it doesn’t matter whether or not your friend is insured for their car, because your own policy insures your vehicle plus “you, any relative and anyone else using your car if the use is with your permission.” Even if the friend who gets in the accident has his own car insurance, your insurance will pay for damage caused to others and, if you carry collision insurance, for damage to your car. However, you will have to pay your deductible for any collision claim.

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


Is Removal of a Tree That Fell on my Roof during a Storm Covered by Homeowner’s Insurance?

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

With Hurricane season still in full swing, chances are we will get hit with at least another bad storm this year. It is important to know if your homeowner’s insurance covers issues like these. If a tree falls onto your roof during a storm, your homeowner’s insurance policy WILL cover the repair of your roof as well as some, if not all, of the cost of tree removal. However, had the tree not hit your roof, your insurance may not cover any of the tree removal charges. In this post, Gregg S. Marcus, a Long Island Insurance Executive, explains what steps to take after a tree falls on your home’s roof during a storm.

ROOF DAMAGE
The first thing you need to do is contact the insurance company to report the damage. You should do this right away! Many insurance providers have 24/7 claims hotlines; so don’t hesitate to call them at any hour to let them know about any storm damage. The insurance company will want to send an adjuster out to your property to conduct an inspection, but you should also keep a record of the damage by taking pictures and/or videotaping the relevant area of your home.

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


FAQ: Do I Really Need Renter’s Insurance?

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

A fire can destroy an apartment in only minutes. A tornado can destroy one in just seconds. These scenarios or even a robbery in your apartment can end up costing you thousands of dollars in order to replace all of your personal belongings. Think you don’t have enough property to justify the expense of your own insurance? The value of your belongings may shock you. “Your sporting goods, electronics, computers, clothes and furnishings may be worth more than you realize,” says Gregg S. Marcus, a Long Island Insurance Executive . “It is wise to check into renter’s insurance before an unexpected event like this happens.”

Your landlord’s insurance policy covers damage to the building structure and the landlord’s property from a fire, storm or theft, but this policy will not cover your property or liability. Renters insurance (also known as a HO4 policy) covers you against specific types of losses – such as damage from lightning, fire, storms, vandalism or theft – so that you can replace or repair your property in the event of an incident. If you had to pay out of pocket to replace items such as laptops, televisions, clothing and other expensive possessions, this could cost upwards of $20,000.

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


FAQ: Why Did My Insurance Company Not Renew My Homeowner’s Insurance Policy?

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

An insurance company can cancel or choose not to renew your homeowner’s insurance policy for many different reasons. In some circumstances, it is completely preventable by the homeowner. However, in many other situations, it is completely out of the hands of the homeowner. This is a major issue because having a homeowner’s insurance policy on your home is a non-negotiable with the bank when financing your home. In this post, Gregg S. Marcus, a Long Island Insurance Executive, explains why an insurance company may choose to not renew a policy.

Preventable reasons that a homeowner’s insurance policy may be canceled or not renewed include:

  • Non-payment of insurance premiums
  • Giving incorrect information or non-disclosure of important information about the home to the company
  • Failing to act in accordance with safety guidelines (i.e. not removing things like pools and trampolines).

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