Factors that May Affect Your Insurance Policies

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

Most people do not spend a majority of their time contemplating their insurance policies.  There are a number of events that may occur in your life in which you may need to contact your insurance broker and discuss how they affect your policy.  Many people do not seek assistance after these instances which are volatile to one’s insurance plan.  In this post, Long Island Insurance Executive, Gregg S. Marcus discusses the distinctive factors that occur in your life which determine your insurance payments. These factors include the number of drivers in your household, marriage or divorce, moving into a new home, or acquiring a new job.

Number of Drivers

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

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Why Insurance Premiums Increase While Property Value Decreases

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

Customers always seem to ask insurance agents the following question: “How can it cost more to insure my home when my property value is declining?” This has been even more prevalent following the economic slump in the last few years. Values naturally tend to decline as the real estate markets slows up.  Currently homes are not selling as quickly due to a decrease in demand which lowers the competitive aspect of selling.  Homeowner’s across the country have witnessed that property values are much lower than even just a few years ago. In this post, Long Island Insurance Executive, Gregg S. Marcus will explain why this insurance phenomena seems to occur.

With home values declining, why do home insurance rates continue to increase?

One of the greatest factors that determine the cost of home insurance is the replacement value of the home being insured.  The main factors that determine the replacement value of your home can vary greatly from the factors that establish your house’s market value.  Replacement value of a home is the cost that it would take to rebuild your home with current construction costs and

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


Can I Request a Decrease on my Homeowner’s Policy?

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

In a word yes, a homeowner can request a decrease on their policy, however, it is required that a client purchase the full percent of the insurance value. This of course means the client must buy the amount of coverage necessary to be able to cover the full value of the home in the instance of a tragedy. In this post, Long Island Insurance Executive, Gregg S. Marcus explains how to request a decrease on your policy and answers the following questions commonly brought up when discussing an adjustment to your homeowner’s insurance.

What if I think my coverage is too high?

If you think that your home is over insured it is important that you immediately contact your insurance agent and inform them of this belief. Your agent will have access to computer software which can help determine your unique and personal insurance rate. Costs such as your loan amount, tax assessment, and sale price, contrary to popular belief do not affect your rate.

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


Is Minimum Homeowner’s Insurance Enough?

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

When shopping for homeowner’s insurance, individuals usually search for the lowest possible rates, especially with the economy being in the shape it is. However, policy holders should not settle for a lower rate with the risk of having inadequate coverage. A homeowner’s insurance agent will typically recommend what they believe to be best for your budget and home itself. Though, the homeowner usually opts for less in order to thwart paying high premiums.  In this post, Long Island Insurance Executive, Gregg S. Marcus explains why minimum homeowners coverage may not be the best option, and how paying a little more could protect you in the time of a future incident.

When getting down to business you should anticipate a number of different factors regarding you and your home personally. How much homeowner’s insurance do you truly need to safely protect the investment of your home? The answer to this question will obviously vary from one situation to the next, though there are a few things you much consider:

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


Know What Your Homeowners Insurance Covers

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

It is true that most individuals don’t truly read or understand their insurance policy. The average person just knows that insurance is required when owning a car or a home, but beyond that most don’t look into their policies much.  When purchasing homeowner’s insurance it is rare that one knows what is covered and what isn’t until it’s time to put in a claim and at that time it is too late! In this post, Long Island Insurance Executive, Gregg S. Marcus explains what is usually covered and what you need to know about a basic homeowner’s insurance policy.

In most cases, a homeowner’s insurance will cover against the following things:

  • Damage to the home from wind, hail, lighting and any other storm related damage.
  • Theft from the premise.

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


Saving Money on Your Homeowner’s Insurance Policy

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

Residents throughout the country are always looking for ways to cut back on their expenses and tighten their household budgets. A great way to start is by reviewing your homeowner’s insurance policy. Homeowner’s policies can vary greatly from one home to another. It is always recommended that you shop around in order to find the best possible insurance rate. In this post, Gregg S. Marcus, a Long Island Insurance Executive explains the most efficient ways to select and save on your homeowner’s insurance policy.

Inquire About Discounts
Ask your insurance provider if they offer any discounts for bundling policies, say a homeowners and auto policy. At often times if you hold multiple policies with the same insurance company they will offer you some form of discount or special deal. Some companies can offer a savings of up to 15%.

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