Comprehensive coverage is often identified as optional when you get an insurance policy on your boat. Unless your lien holder requires it, such as if you have a loan, it is up to you whether it gets added or not. Although it can increase your premium, there are a number of reasons to add it to your policy in Chester, NJ.

At The Insurance Outfit, we have helped many boat owners get the coverage they need so that it’s easier to file a claim if something happens.

Cover Cracked Windshields

You could be driving along when a rock hits your windshield. Next thing you know, there’s a huge divot in the glass or a large crack. Rather than paying to replace the windshield on your own, you can call your insurance company to file a claim.

Damage at the Dock

If someone damages your boat, whether it’s in the water or in a dry dock, you want to have the coverage in place to get it repaired. Unfortunately, your standard liability coverage would not protect you. With comprehensive coverage in place, you can file a claim with confidence knowing that you don’t have to pay for your boat to be repaired. The only thing you would be financially responsible for is the deductible.

Take Care of Weather Damage

A hail storm in New Jersey can happen at any time, especially during the winter months. Hail can leave dings in the frame of your boat. You may also experience damage on the water as a result of big waves. If this happens, you want to know that you can bring your boat into a body shop for the necessary repairs.

Ultimately, comprehensive coverage protects you against of the things that are out of your control. You never know what could happen on the water in Chester, NJ. As such, you want a policy that will protect you. Contact us at The Insurance Outfit today to let us help you build a policy and get a competitive quote.

 

You have worked hard to build a comfortable life in the Chester, NJ area. You saved and invested and even bought your dream car. At The Insurance Outfit, we would like to remind you that others might be jealous of your success.  Umbrella Insurance can even the playing field when there is an accident and you are found liable. Let’s find out how.

A Nice Car Makes You a Target

In a fender bender, if the driver at fault is driving a small car with a ding or two in the paint, the injured party is likely to take the insurance payout and move on.  They think there is nothing to be had from chasing down more cash. However, if it was a BMW or Cadillac involved, they are more likely to hire a lawyer in hopes of squeezing a few extra dollars out of the system. 

Umbrella Insurance Covers the Gap

While your home or auto insurance does cover liability up to a certain point, if the damage goes beyond the usual maximums, you could be left to pay for a lifetime of physical therapy or rehab for the injured party. That can cause you to lose your savings, the summer cottage, or the boat. If you have umbrella insurance, it could take care of the entire bill while you maintain everything you have built.

Minimize the Impact on Your Life and Move On

An umbrella insurance policy allows you to adequately take care of the injured party. Meanwhile, you can continue to focus on your business, taking care of the kids, and looking forward to a comfortable retirement. Ultimately, this is insurance that protects your peace of mind. After all, when you have more, there is much more available to lose.

If you think that umbrella insurance, a surprisingly affordable option, may be right for your Chester, NJ area lifestyle, give us a call at The Insurance Outfit today.

 

 

 

It is often been said that Americans live to work.  This is made evident by the amount of time we put on the clock and by looking at the things we neglect.  Life is busy in Chester, NJ so there may be things that go overlooked.  When an issue comes up, we circle back and look for answers.  When we get sick we will most likely be given a medication, but do you know who pays for that medication?  The Insurance Outfit wants you to be prepared for any situation so they advise you to be an informed consumer.

The Answer:  Pharmacy Provider

When you pick up a prescription from the pharmacy you normally pay a copay or if not some other predetermined amount.  In some cases, you are expected to pay the full price upfront and then submit receipts for reimbursement.  Most of the time your health insurance will contract with a pharmacy provider who will provide pharmacy benefits.  When you have a problem or an issue obtaining a medication they are the ones you call. In some cases, however, you might have to call the number for your health policy.

The exception to the Rule:  Your Health Policy

When the drug is a specialty drug or is not self-administered It may be covered under medical.  Most of the time these medications are injectable or intravenous and given via infusion in a doctor’s office or hospital by a nurse or doctor.  Examples of these types of medications include chemo, biologics for autoimmune diseases, and immunoglobulin products for immune deficiencies as well as blood and other drugs for patients in need. 

The Insurance Outfit knows that Chester, NJ is full of life and things never slow down so they are reachable via phone or email should you have any further questions. 

 

In New Jersey, employees can contribute to state compulsory benefits coverage or opt for their short-term disability plans. Both short and long-term disabilities mostly differ in length of time, but they protect the employee when off the job for a specified period due to illness or injury. Therefore, while disabled, employees don’t need to worry about staying on leave without pay.

For long-term disability income benefits, premiums are paid over a specified time to either the insurance company of choice or directly into the employee plan. Both employers or employees can contribute to the premiums. At Chester, NJ, The Insurance Outfit, we help you appreciate the rights and benefits you can take advantage of during this very indispensable moment. Read on for more.  

Long-term Disability compliance and benefits 

Whoever is your long-term disability plan overseer, you have to submit legitimate proof of your incapacity in respect to policy terms. Even so, the policy requires you be disabled for a given period, usually known as the “elimination period” before the payment of premiums start. When filing for disability, plan your financial commitments on time and ensure your doctor has approved your disability status.  Make sure you notify your employee you won’t be able to resume work and have such relevant documentation filed. This will save your time while fulfilling requirements for LTD claims. 

Once the employees sign up, the cover pays them a significant percentage of their regular earnings during the time they won’t be at work. At the same time, taxes are withheld from the employee’s disability contributions. While long-term disability doesn’t require the employer to rehire a claimant once the disability is over, the employee’s job might be protected if LTD is taken together with other leave laws. Do you have any further extra queries Chester, NJ, The Insurance Outfit can provide you? Feel free to call today. Our specialists and agents will gladly help you understand it all as you strategize for a stress-free lifestyle. 
 

New Jersey law does not require its business owners to purchase commercial property insurance, though mortgage companies often compel their clients to obtain a policy. It is compulsory under state law for many firms to have a general liability policy, depending on the field in which they are working, though it is not mandatory for all to do so. Nevertheless, many companies purchase these indemnifications for the protection that they offer. 

What Does a Business Owners Policy Entail?

A business owner policy, or BOP, will roll several commercial insurance coverages together into one, including those that pertain to both general liability and business property. BOPS are primarily purchased by smaller to mid-sized firms that face a similar degree of risk as one another, and these operations also have the option of buying these policies separately. 

Normally included in a BOP are a commercial property and its contents, and business owners can choose between a standard BOP and a ‘special’ BOP that provides more in-depth safeguards. Business interruption insurance, also a part of a BOP, can help compensate for lost income while recovering from a catastrophe, such as a fire or a storm damage, and it can extend to the costs of temporarily running your operation from a separate location.

Lastly, liability indemnification is an important instrument that can protect you in the event that your product or service causes harm to somebody else, and this can include mistakes caused by both errors and omissions.  

Come Talk to The Insurance Outfit Serving Chester, NJ

The Insurance Outfit is experienced in serving clients in the Chester, NJ area and can find the right commercial insurance to suit your needs. We offer a variety of other insurance types, such as homeowners, automobile, and we welcome you to contact us to learn about the services we provide. 

You may have carried a term life insurance policy while you were working and let it expire once you retired from your job in the Chester, NJ area. You may still want to have this extra layer of protection, even if it seems like your 401K, investments, and social security would see you through. The Insurance Outfit offers up these reasons why buying a new policy could be right for you.

Secure Your Spouse’s Comfort and Future

If one spouse dies just a few years into retirement, the other partner may be looking at 20 years of living on what is left in the estate. A life insurance policy can provide an extra infusion of cash that could help defray the cost of assisted living care or extreme medical costs. Your spouse will be relieved of that additional worry.

Retirement Ate Up Your Estate: Leaving Something for the Kids

You always wanted to leave something behind to help the next generation along, but in all reality, the cost of living has left nothing extra in your accounts. Picking up a life insurance policy allows you to keep that promise to yourself and your grandkids.

Are You Still Paying a Mortgage and Car Payments?

The daily price of living continues to rise and will for the next decade or two of your retirement. There will be new cars, perhaps a reverse mortgage, repairs to the house, and medical expenses. It is only responsible to make sure that the spouse that is left behind is able to rise above the rate of inflation and be able to continue to care for themselves in comfort.

If you think buying a new life insurance policy is the right thing for your retirement in the Chester, NJ area, give your agent at the Insurance Outfit a call today.

 

 

If you know the average cost of purchasing a valuable piece of jewelry in Chester, NJ, you understand that jewelry is one of the most expensive personal possessions anyone can own. Adding the sentimental value that’s attached to every piece of jewelry, it is financially and emotionally devastating if any of them is lost, stolen, or damaged. Many people opt to buy insurance plans that are specifically meant to cover jewelry. But, is buying jewelry insurance from an insurer like The Insurance Outfit really necessary?

What does jewelry insurance cover?

Even though the actual coverage for jewelry varies from one insurer to the other and from policy to policy, this coverage will protect you in case your jewelry is damaged or stolen. Most jewelry insurance policies fall into these two categories: unscheduled and scheduled policies. A scheduled policy covers specific pieces of jewelry that are specifically listed in the policy. But, an unscheduled policy covers items up to a particular value, meaning that you don’t need to list all the individual pieces you own.

Since jewelry insurance covers loss, damage, or theft of jewelry, your insurer will list all the terms in the policy document. Ensure you read your contract carefully and ask for clarification from your agent if you don’t understand some clauses. For instance, some policies can cover your ring if the prong breaks but you have to prove that the damage was accidental and not due to negligence (wearing the ring at the gym or doing heavy activities).

It’s evident that jewelry insurance is essential because it will protect you when you lose or damage your valuables. For more information about ensuring your jewelry in Chester, NJ, consider contacting The Insurance Outfit. We will help you understand why jewelry insurance is necessary and offer more information on your policy to avoid heartbreaks and headaches in case something happens to your jewelry.

Umbrella insurance serves as a mechanism to provide additional coverage above your base policy. If you have personal or commercial insurance that offers liability coverage you are likely able to add an umbrella policy to your insurance portfolio. The Insurance Outfit located in Chester, NJ welcomes the opportunity to meet with you to discuss how the addition of an umbrella insurance policy can provide the comprehensive insurance protection that you need. 

Does it Make Sense to Add an Umbrella Insurance Policy to Your Portfolio?

One of the main reasons that clients opt to add umbrella insurance to their current group of policies is for liability protection. Once your primary policy is exhausted your umbrella policy will provide the additional coverage that you need. If you are not sure if you need a secondary policy in your insurance portfolio, a professional agent can help to answer all your questions. When you have worked hard your entire life to provide a comfortable lifestyle for your family it can be devastating to have an accident erase all that you have accumulated. If someone is injured at your home, your office, or on your boat, you can be liable for their injuries, including compensation for medical expenses as well as additional damages. Lawsuits can reverse your fortune overnight, and knowing that you have adequate coverage can significantly increase your peace of mind.

The Insurance Outfit is Here to Answer All of Your Questions about Umbrella Insurance Policies

If you want to increase your liability coverage for your home or business, we are here for you. Contact The Insurance Outfit here in the greater Chester, NJ area to schedule a consultation to review your current primary policies and see if there are any gaps in coverage.