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.

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FAQ: What is a Business Owner Policy and How Does it Work?

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

A Business Owner Policy (BOP) is an insurance package that assembles the basic insurance policies required by a small business owner in one simple bundle. Since it is a single policy, it is always cost-effective; costing less money than if you had purchased each individual policy separately. Gregg S. Marcus, is a Long Island Insurance Executive, answers the most commonly asked questions about a Business Owner Policy below:

Is a Business Owner Policy (BOP) right for my business?
Business owner policies are specifically designed for small to medium sized businesses such as retailers, wholesalers, service businesses and small offices. A BOP is not recommended for larger companies or for manufacturers who can face greater liability risks.

How does a BOP protect my business?
Business owner’s need to protect more than what an individual policy would cover. In order to protect your buildings, equipment and products, a BOP contains property coverage. It also protects your business from lawsuits with liability coverage. Since every business is different and carries different risks, a BOP can be customized to fit your needs.

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


5 Ways to Lower Homeowner’s Insurance Costs

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

According to the Federal Emergency Management Agency (FEMA), flooding is the most common natural disaster in the United States and causes more than $2 billion in property damage annually. With new storm Katia forming in the Atlantic, we may have another Hurricane hitting Long Island and causing major flooding soon. It is important to have your home prepared ahead of time to minimize losses and ensure your family’s safety. According to Gregg S. Marcus, a Long Island Insurance Executive, follow these steps to keep your home and family safe in a flood disaster:

Make a Family Emergency Plan
Before a disaster hits, plan and practice a flood evacuation route with your family. Make sure you know safe routes from your home, workplace and children’s school to shelter on higher ground. Also create a safety kit, or “go bag” with enough drinking water and non-perishable (canned) food to last your family a few days. It should also include a first-aid kit, a battery operated radio, blankets and a flashlight. Keep it near the front door of your home so you can grab it quickly if you are evacuated. And lastly, don’t forget your pets! Have a plan in place for them. Most shelters don’t allow pets, so make sure you know what you will do with them if you are evacuated.

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