As a parent, you know that your love for your children doesn’t cease as they age. Whether your child is still young, a teenager approaching adulthood, or they are already an adult with their own life, you care about their health and wellbeing. At The Insurance Outfit in Chester, NJ, we help parents across North Jersey find the health insurance solutions that work best for their family. Here’s what every parent should know when it comes to keeping their adult children on their health policy ("child" is used here to refer to the parent’s offspring regardless of age). 

Age 26 is the Cutoff

Thanks to Federal law changes enacted in 2010, parents can keep children on their health plans until the children turn 26 years old. This is the rule regardless of whether the child is married, attending school, no longer living at the same residence as their parents or no longer a dependent. Children under age 26 are also eligible even if they are also eligible for health coverage via their employer.

Now, your child’s coverage under your insurance will not immediately drop the second they turn 26. Instead, they are automatically granted a special enrollment period during which they will have time to enroll in a new health plan. The exact timeframe given for this actually depends on the plan itself and generally ranges between 30 and 120 days.

Coverage Can Be Continued (in Some Cases)

COBRA plans allow for children to extend coverage on their parent’s plan for an additional 36 months, although the terms and costs will change. New Jersey also has DU31, a law that allows eligible children to elect to remain covered on their parent’s health policy until age 31 in some cases. However, this coverage automatically ends if the child marries, becomes a parent, or moves outside of New Jersey (while not a full-time student). 

We Can Help Get Your Adult Child Covered!

Don’t wait if your child needs insurance coverage. No matter how old they are, our experienced professionals at The Insurance Outfit can provide options. Contact our Chester, NJ office today!

When you think of disability in Chester, NJ, the specifics of the word might not be clearly defined. This is because the word will mean different things for different people. You might think that health insurance is at the heart of disability, but the truth is a little more complicated than just having health insurance or Medicaid and calling it a day. The Insurance Outfit wants you to know more about who should have this type of insurance. 

The Nature of Disability & Long Term Care Insurance

This insurance policy is essentially available if you have a long-term condition that requires more than just medical treatments. If you can’t work, you’re going to need a way to pay for the rest of your expenses, which can be difficult during what is already a stressful time. Disability and long term care insurance is there to pick up the incidental costs of the illness, a safety net that can be invaluable toward helping you overcome your diagnosis. 

Who Should Have It?

Most people think that disability and long term care insurance is meant for older people, and there is some truth to this. However, from cancer to genetic diseases, there are a number of conditions that can occur to people of any age. It’s ultimately up to each person, but it might help to discuss the matter with a doctor or insurance agent to find out more about whether the policy is right for you. 

The people of Chester, NJ deserve to have the resources they need to deal with whatever happens to come their way. If you have questions about how a policy will function in case you need it, call The Insurance Outfit to learn more about the terms and conditions. 

Whole Life/Permanent Life Insurance

Whole life insurance never expires so as long as the policyholder continues to pay the premium it will remain in effect. One benefit of whole life insurance is that it offers a guaranteed return on the cash value of the policy which allows the policyholder to borrow against the policy if needed. However, if you do not repay the loan or the amount borrowed than the death benefit is reduced by that amount. 

Term Life Insurance

Often considered the simplest type of life insurance, the only choice you have to make with this policy is what amount you want and how long you want the coverage to last. For instance, if you purchase a $1 million policy and select the term of coverage as 20 years, then your policy is effective from the date you sign till 20 years in the future which means that you could outlive your policy making it necessary to purchase additional coverage. 

Universal Life Insurance

Guaranteed universal life insurance is typically less expensive than whole life; however, it is unlikely to have any cash value, and failure to make timely payments can result in forfeiture of the policy. As long as payments are made on time, the policy does not expire and the death benefit is paid to the beneficiary. 

Selecting a life insurance policy may sound like a morbid idea, but providing financial stability to your loved one in the event of your death is imperative. With so many options for life insurance, it can be a bit confusing to know what policy is best for you. At The Insurance Outfit in Chester, NJ, our friendly and knowledgeable team of insurance professionals are happy to take as much time as needed to answer all your questions and find the perfect policy for you. 

It’s not entirely uncommon for residents of Chester, NJ, to own a few valuable items. Jewelry is something humans have appreciated for eons. Because of that, it can be devastating when something happens to your jewelry, and that’s exactly why you want to have it insured. The Insurance Outfit offers jewelry insurance, but before you buy it, you should probably know about which kinds of insurance actually cover precious items.

Homeowner’s Insurance

Typically speaking, a homeowner’s policy will afford some coverage to valuables in the home, and that can include jewelry. It’s important to understand that the exact nature and limits of this coverage will depend on the specifics of the plan. A typical jewelry coverage in such a plan will be around $1,500 for theft and less than $5,000 for damage. 

Renter’s Insurance

Renter’s insurance offers similar coverage to what you see in homeowner’s insurance policies. In this regard, the policies are designed with the same intent. The main difference with renter’s insurance is that the coverage limits will be based on the amount you choose to insure your property. If the policy is for $20,000 of coverage, it will typically have a lower maximum for jewelry than a policy for $100,000 of coverage.

Jewelry Insurance

As the name implies, jewelry insurance is a specific policy designed to protect your precious items. As always, the details of any plan will vary, but the gist is that jewelry insurance will more precisely match the value of your jewelry. Plans can be designed to repair or replace the jewelry, and the items can be insured for actual cash value or replacement cost. Which is best depends on your circumstances.

Overall, jewelry insurance is the best way to be sure your valuables are properly covered. If you want to review the options available in Chester, NJ, have a chat with The Insurance Outfit. One of our reps can help you browse policies and find something that gives you the protection you need.

What better way to get to know New Jersey than from the safety and comfort of your RV? For stress free travels, visit The Insurance Outfit for RV insurance before you hit the road. Here’s what you should know about RV insurance in the Garden State. 

Required Coverage

Like most states, New Jersey requires that drivers have RV liability insurance. Liability is the coverage that pays for others’ injuries and property damage in accidents that are your fault.  RV collisions can cause a lot of damage. Your coverage should be enough to protect your assets against serious accidents you may cause.

Optional Coverage

In addition to liability, you can purchase additional coverage to protect your RV against theft and damage. This protection comes in the form of collision, comprehensive, and uninsured motorist (UM) coverage.

Collision coverage protects you against crashes. Comprehensive covers vehicle theft and damage caused by non-collision causes such as vandalism or inclement weather. UM coverage protects you against hit and run accidents and uninsured drivers.

Specialized RV coverage in Chester, NJ

RV drivers often face different hazards than auto drivers, especially during long-distance travel. The following specialized RV coverage is designed to protect you against these hazards.  

• Total Replacement Cost – covers the cost of replacing your RV if it’s a total loss after an accident
• Vacation Liability Coverage – pays for accidental injuries to people visiting your RV or campsite during your travels
• Emergency Expense Coverage – helps pay for your hotel bills and meals while your RV is being repaired after a breakdown or accident
• Personal Effects Protection – covers personal effects in your RV during your travels

The best RV coverage in Chester, NJ is that which protects you, others, and your costly RV against hazards at home and on the road. Contact The Insurance Outfit today for the RV policy you need.

In Chester, NJ, it is unlikely that your ATV insurance provider will want to cover the damages sustained while performing stunts. For obvious reasons. Stunts invite additional danger that you’re not going to have to face with the regular operation of an ATV. Yes, ATVs are often built to withstand some degree of jumping, power sliding, and trick-riding. But if your insurer finds out that you were doing sixteen-foot leaps or trying to skim your ATV across a lake, they’re probably not going to honor your claim.

You can buy stunt insurance as Hollywood stuntmen and daredevils carry, but you can’t expect your standard ATV policy to cover you here.

That said, your insurer may be a lot more understanding than you realize. If they’re offering ATV policies, they know that you’re treating this as a recreational vehicle, that you’re probably going to go driving around dirt tracks, and may even enter some races with your ATV. You can’t expect them to cover you when you launch off a ramp through a ring of fire, but if you keep them informed on how you’re using your ATV, you may find that they are surprisingly lenient if you catch a little air here and there while dirt-roading.

Most insurers, for instance, will cover you in the event that you enter a race and get into an accident, as long as they know that you’re racing beforehand.

This is your best rule of thumb: Even if you think your insurer won’t cover you, call them beforehand and find out. Worst case scenario, they’ll tell you not to do that if you want your policy to be valid. You call your home insurer before hosting a big party, so call your ATV insurer before entering a race.

If you’re still shopping around for insurance in Chester, NJ, get in touch with The Insurance Outfit. At The Insurance Outfit, we can connect you with the policy you need to ride with peace of mind.

Owning collectibles is a very unique form of investment or hobby. When you are a collector of anything worth value, it is important that you take the appropriate measures to protect your assets. For those that are in the Chester, NJ area, one of the best ways to protect your assets is by getting a collectors insurance policy. This form of insurance can provide a collector with a range of benefits. 

Agreed Upon Replacement Value

One of the advantages of a collector insurance policy is that there is an agreed-upon replacement value. No matter what item you collect, there could be a significant collectors value to it, which could far exceed the replacement value of a similar product. To ensure that the value of your asset is properly protected, you should get a collector’s insurance policy. When you get this policy, you can negotiate the replacement value with the insurance provider ahead of time. 

Liability Coverage

Depending on the asset that you are collecting, there could be some liability associated with it. This could be liability that comes with collecting the asset or using it. No matter what the risk is, it is important that you get the proper liability insurance. The collector’s policy can be curtailed to meet your needs and mitigate this risk. 

There are clearly many advantages to getting collectors insurance in the Chester, NJ area. When you are interested in learning more about this unique form of insurance, you should contact the team at The Insurance Outfit. The insurance professionals at The Insurance Outfit can help you to better determine your risks and figure out how collectors insurance can be a mitigation strategy. This will help to provide you with the necessary coverage and give you peace of mind. 

Weddings have a habit of growing out of control very quickly. Even if you start out with the plan to just invite close friends and family, but if you’re going to invite uncle Jeff, you’re going to have to invite his new girlfriend, and if you’re inviting her, you’re going to have to invite her kids, and so on. The guest list just has a way of snowballing, and what started as a small-ish gathering is now a big affair, and you have no choice but to get covered with a wedding insurance policy.

Now, what’s covered on a wedding insurance plan?

• Liability. This is the big one. If you’re inviting dozens of people to a location, you need to make sure that you’re covered should something happen to the people, or to the location. Liability coverage will protect you in the event of injury, illness, or property damages.
• Cancellation and postponement. If a wedding has to be canceled or postponed due to an injury to the bride or groom, or to severe weather, or do anything else that your policy covers, insurance will help you to recoup any financial losses associated with that. This might not be essential to more modest gatherings but is critical to the big blowout weddings.

If you’re looking to hold a wedding in Chester, NJ, get in touch with The Insurance Outfit. The Insurance Outfit can guide you towards the protection that you need to make sure that your Chester, NJ either goes off without a hitch or that whatever hitches you have to deal with along the way are at least going to be covered by your wedding insurance provider.