Steps to Prevent Your Pipes from Freezing in the Winter Months

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

Those who have experienced the misfortune of having a pipe burst know the devastating impact it can have on one’s home. The broken pipe itself is a relatively minor inconvenience, though the immense amount of water that flows from within can become quite a disaster. The running water leaking through your walls and ceiling may result in a major reconstruction project which could cost you thousands of dollars. Not to mention the damage that could occur to drywall, furniture and appliances. Gregg S. Marcus, a Long Island Insurance Executive suggests these tips to try and prevent this awful experience:

  1. It is important to plan ahead and investigate which pipes may potentially freeze. Prime candidates for freezing include water pipes that run through unheated spaces in your home as well as pipes running through walls to the outside of your house.

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

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HOW TO: Reduce Basement Flooding Risk

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

It is not uncommon for rain showers to wreak havoc on any home’s basement, no matter the location. Simply resolving an obvious gutter or downspout leak can solve most basement water problems. Though a few water problems may have some causes that are difficult to identify and fix. In this post, Long Island Insurance Executive, Gregg S. Marcus, explains how most basement flooding issues can be solved using three basic steps: Evaluate, Inspect, and Install a Solution.

Evaluate the Problem
It should be noted if you cannot locate the source of the problem yourself that it is important to contact a professional. In order to properly evaluate your problem you must answer these questions:

  • Does the basement flood every year at approximately the same time?

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


Types of Fire Insurance

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

Fire insurance is an insurance policy purchased in order to cover any damage to property caused by a fire. It is a specialized form of insurance beyond regular property insurance, which is designed to cover the cost of replacement and/or repair, beyond what is covered by your basic property insurance policy. Most homeowner’s and commercial policies have fire insurance, but few truly understand what it is and how it works. These policies list a number of perils that are covered by the policy and exclude perils that are not covered. Specific perils can also be purchased separately and added to any policy. In this post, Long Island Insurance Executive, Gregg S. Marcus lists the six principal types of fire insurance policies:

1. Valued policy
If the agreed value of the matter at subject is stated in the policy, it is a valued policy. This may not be the actual value of the property, though in the event of a fire the insurer must pay the mentioned value to the customer.

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


Understanding Boat Insurance

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

Purchasing a boat is exciting but understanding the insurance requirements of that new purchase can be very confusing. Gregg S. Marcus, a Long Island Insurance Executive shares the most important things to remember about boat insurance below. A smart boater can make the right choice on insurance by following these tips:

Know your insurer
There many ways to purchase boat insurance, either as an add-on to a homeowner’s policy, purchased from an independent insurance agent or directly from a marine insurance company. Buying a marine policy directly from the insurer you know or through a marine insurance specialist is best. When it is added on to your homeowner’s insurance policy, there are often limits or no coverage for marine specific risks like salvage recovery. Ask friends who are experienced with marine insurance and check insurance company ratings before making a decision.

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


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.


Preparing Your Home for a Flood

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

The premiums you pay on your homeowner’s insurance can vary by hundreds of dollars; depending on the insurance company you buy your policy from. Gregg S. Marcus, a Long Island Insurance Executive, gives you five other important things to consider when buying homeowners insurance.

1. Raise Your Deductible
A deductible is the amount of money you have to pay toward a loss before your insurance company will start to pay the claim, according to the terms of your policy. The higher the deductible, the less money your insurance premiums will be! Currently, most insurance companies recommend a deductible of at least $500. If you can afford to raise your deductible to $1,000, you may save as much as 25% off your premium. Depending on where you live, there may be separate deductibles for certain kinds of damage. For example, if you live in an earthquake-prone area, your earthquake policy has its own deductible.

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