Tag: Property

Surviving the Property Claims Process

The entire purpose of purchasing an insurance policy is to be protected in the event of a loss.  However, risk management does not end with purchasing a policy.  The next step is to become acquainted with the claims process and prepare in the event of a substantial loss. From documenting belongings to communicating with the carrier and understanding the time frame of the process, there are...

The Difference Between Liability and Property Risks and Claims

Sometimes the lines between a property or liability claim can be blurry.  For homeowners and business owners alike, determining what type of claim to file or identifying which policies will respond to a given occurrence can be confusing.  Below, please find Beckerman & Co’s cheat sheet for determining if a policyholder is dealing with  property or liability insurance. The first helpful tip to remember is...

The Certificate of Insurance Act Provides Relief for Insureds

It is no secret that supplying a certificate of insurance to a bank, mortgage, finance company or insurance contract specialist can be a nightmare.  From exact wording that is required to additional coverage that sometimes needs to be purchased to meet requirements, obtaining the COI can be an event in itself.  Luckily for insureds the State of NJ has responded by passing The Certificates of...