Author: AgentInsure

The Insurance Outfit Agency in Randolph, NJ

Posted on by AgentInsure

Insurance is one of those things that everyone needs, but everyone is reluctant to buy. Part of the reason for this is because it’s complicated. You need to know what your state insurance requirements are, as well as the requirements of any lenders who have a financial interest in your home or automobile. Even if you know all this, it’s still challenging to find the right insurance agency and the best possible price. If you live in or near Randolph, NJ, the Insurance Outfit Agency is here to help.

For New Jersey drivers, insurance is required and drivers basically have an option of a basic or standard policy. Both offer property damage liability and personal injury protection (PIP), but the standard policy also includes bodily injury liabilty. Also, with the standard policy you retain your right to sue for pain and suffering if you are injured in an accident. Beyond this coverage, if you acquire your vehicle with a loan, the finance company will often require you to carry collision and comprehensive coverage so that they recoup their loss if something happens to your car. As your independent agent in Randolph, we understand New Jersey insurance law and can help to make sure that you have the coverage you need.

Of course, there are more types of insurance than just auto insurance. We can help you with other types of insurance, as well, including home insurance. Your mortgage lender will have strict requirements for how much coverage you need, and we can help you to meet those requirements. The best part is that if you’re looking for auto or home insurance, you can compare quotes right on our website to assure that you’re getting the lowest possible premium. The insurance Outfit Agency is the insurance agency you need to for all of your coverage needs, so call us today!

 

What are the exclusions on commercial insurance policy in Chester, New Jersey?

Posted on by AgentInsure

When you buy a commercial insurance policy in New Jersey, you may discover that certain concerns are not addressed in the plan. Exclusions are often added to a policy to avoid any risks that the insurance provider feels are not necessary or that are simply an addition to the basic plan that you have purchased. You should always review a policy for exclusions before you determine that the plan is appropriate for your needs.

Property Exclusions

If you have a policy that protects the property of the company, then it is possible that you may have exclusions that prevent coverage in certain situations. Exclusions may include earthquake damage, flood damage or similar disasters that are not commonly covered unless you buy additional protection.

In the case of property, you can expect the exclusions to be clearly stated and easy to identify. Usually, a policy will explain the excluded situations because the exclusions are usually fewer than the situations that are covered.

Liability Exclusions

When it is related to liability, there may be situations that are excluded from the policy. For example, a policy may exclude certain types of accidents or may exclude any injuries that result from an individual’s behavior. When an individual is purposely behaving in a risky manner, a slip and fall accident or similar situation may not be covered. There may be additional exclusions that apply based on the situation and the reason for the claim.

There are a variety of situations that are not covered by your commercial insurance policy. You should always take the time to identify those situations so that you can feel confident that your plan is appropriate. To learn more about exclusions on business insurance, contact us to talk to an agent.