Insurance Blog

Please read and comment on our blog about a wide variety of insurance topics. Please feel free to ask us any questions.

 

Purchasing Home Owners Insurance During the Home Buying Process

  Typically, home buying is a multi-step process. One of those steps is purchasing homeowners insurance in a timely manner to bring evidence of insurance to the closing table.  Since the purchase of home insurance occurs at the end of the home buying process, it can be handled as an afterthought which results in home buyers not being prepared to obtain a homeowners quote.  As...

What is My Client Requesting on this Certificate of Insurance?

Sometimes, in the excitement of closing a deal, business owners may agree to insurance requirements that their current policy cannot honor.  In cases like this, it is during the issuance of the required certificate of insurance (COI) that this discovery is made. This could lead to a delay in issuing the certificate as the two companies iron out the insurance requirement details. In an effort...

Social Engineering: The New Frontier in Crime Coverage

  Social Engineering, by and large not an entirely new scheme, has taken on a technological edge.  As such, it had been lumped into the category of “cyber fraud” because of this new delivery method. Previously this created a gap in coverage and insurance coverage was slim to non-existent for socially engineered crime (explained below). All of this, however, has changed.  Read below to find...

Who Needs a Personal Umbrella Policy?

Individuals looking to protect the integrity of their finances should look into the benefits of a personal umbrella policy.  Umbrella policies offer coverage over and above the limits of the underlying policy.  While this may not be appealing for cut and dry property claims, when facing liability judgments or medical expenses, an umbrella policy can be the difference between losing everything and keeping finances intact....

Coverages to Protect Against Hurricane Damage

According to the Insurance Information Institute, New Jersey has the third most exposure for storm surge among coastal states, only beaten out by Florida and New York.  With wind and flood risks being commonplace in this state, purchasing insurance policies to shield against financial losses isn’t a bad idea. While Hail/Wind may come with homeowner’s insurance, Flood is not a part of standard homeowners or...