When a homeowner has a Homeowner’s Insurance Policy they need to have a home inventory to give to the insurance company in the event of a claim. A home inventory is simply a list of your personal possessions. It is important to carefully document all of the belongings in your home so that in the event of a loss, you can provide proof of each item to your insurance company. Police officers, firefighters and all other "first responders" state that a clear home inventory is the most important item you can offer them after a loss. In this post, Gregg S. Marcus, a Long Island Insurance Executive explains the process of completing a home inventory.To read this post in it's entirety, click here to visit the Gregg Marcus official website.
Using a combination of a paper list, photos and/or videos is the easiest and most effective way to construct a clear, solid home inventory. Here are the usual steps to generate a useable home inventory list:
Saturday, October 29, 2011
Thursday, October 27, 2011
Only those with a genuine passion for classic automobiles can truly appreciate the time and effort it takes to keep these vehicles in perfect condition. A standard automobile insurance policy will not be enough protection for these works of art, as they will not take into account the nature of a collector car. If you are the owner of a classic car or are in the market to purchase such a vehicle, Gregg S. Marcus, a Long Island Insurance Executive can assist you in protecting your prized possession.To read this post in it's entirety, click here to visit the Gregg Marcus official website.
The biggest difference between a “regular” car and a classic car is the rate of depreciation. A car that someone drives everyday will depreciate in value at an alarming rate. A classic car, depending on the make, model, year and condition, usually holds the original value well and in many cases will appreciate over time. Regular car insurance policies pay their claims based on the always-changing value of the vehicle and do not take into account the investment properties of a classic car. When you are covered with classic car insurance, the claims are paid based on a value that you have agreed upon with the insurance company, prior to entering into the policy agreement.
Tuesday, October 25, 2011
In the past decade, communication has changed dramatically. Facebook messaging has replaced traditional e-mail, and text messages and wall posts have replaced phone calls. There is no stopping this evolution and major brands as well as small businesses now include social media within their marketing plans. Gregg S. Marcus, a Long Island Insurance Executive actively uses social media discusses how insurance agencies can embrace this change.To read this post in it's entirety, click here to visit the Gregg Marcus official website.
With social media, consumers are more likely to purchase from an insurance agency if someone they know recommends it. The easiest way a past client can recommend an agency is to have a presence on some of the major social media sites, such as Facebook, Twitter and LinkedIn. Another benefit of creating and maintaining social media profiles is opening up a line of communication between your agency and the consumer.
Saturday, October 22, 2011
There are many common misconceptions about Renter’s Insurance . This is a special policy that can be purchased by tenants to protect their valuables and provide liability coverage as well. Gregg S. Marcus, a Long Island Insurance Executive highly suggests that all tenants purchase renter’s insurance for a small monthly premium to protect all of their possessions.To read this post in it's entirety, click here to visit the Gregg Marcus official website.
Depending on your policy, your roommates’ possessions may or may not be covered. Most policies are designed for single individuals and families, not unrelated individuals. Some insurers cover roommates if they’re included on the policy but it’s by no means the rule. Gregg Marcus recommends that each tenant purchase an individual renters insurance policy.
Thursday, October 20, 2011
Gregg S. Marcus is more than just a Long Island Insurance Executive . He believes in giving back and does so by donating most of his free time to local charities that have found a place close to his heart:To read this post in it's entirety, click here to visit the Gregg Marcus official website.
Kidney & Urology Foundation of America (KUFA)
KUFA is a national, not-for-profit organization dedicated to helping people with kidney and urologic diseases and individuals waiting for organ and tissue transplants. “I’ve been involved for over sixteen years,” says Gregg Marcus about KUFA. “A friend’s wife just donated a kidney to her daughter and another friend’s son donated a kidney to his father. It’s the circle of life in the true form,” Gregg states about the organization.
Tuesday, October 18, 2011
When you operate any type of business, uncertainties can and do occur. Such risks can negatively affect your business. It is important to be familiar with the different types of business insurance policies, but be aware that because every business is unique so are its insurance needs. In this post, Gregg S. Marcus, a Long Island Insurance Executive discusses the five most common types of business insurance.To read this post in it's entirety, click here to visit the Gregg Marcus official website.
1. General Liability Insurance
This is the most commonly used business insurance, which covers legal hassles due to accidents, injuries and negligence claims. These policies protect against having payments as the result of bodily injury, property damage, medical expenses, libel, slander, the cost of defending any lawsuits and judgments made against the business.
Saturday, October 15, 2011
This is a question that Gregg S. Marcus, a Long Island Insurance Executive hears a lot when quoting automotive insurance. Relative to the cost of other liability or comprehensive auto insurance coverage, collision coverage can be expensive.To read this post in it's entirety, click here to visit the Gregg Marcus official website.
According to the American Insurance Institute, collision coverage pays for damage to your car resulting from a collision with another vehicle, object or as a result of flipping over. Damages from potholes are also covered by collision. It is basically “physical damage” coverage for your own vehicle. Collision does not include any bodily injury or damage done to a human being. It also does not cover damage done to someone else’s car by your vehicle. The most important factor when deciding whether to drop collision coverage is the replacement value of your car. Depending on the value, it may not make sense to pay to fix it.
Thursday, October 13, 2011
The dangers that a homeowner’s insurance policy specifically covers are called perils in an insurance contract. A named peril policy only covers these specific risks, or perils, that are decided upon when writing the policy. Gregg S. Marcus, a Long Island Insurance Executive explains, “Named peril coverage is a more affordable option compared to comprehensive coverage, but does not protect your home as much as all-risks coverage would.”To read this post in it's entirety, click here to visit the Gregg Marcus official website.
The actual definition of a peril is the exposure to various risks such as injuries, losses and complete destructions. A peril in insurance terms is an event that could cause damage to the property covered. Common named perils include:Fire: Will cover anything that produces a spark, flame or glow.
Tuesday, October 11, 2011
A large amount of homes in the US are underinsured. Keeping your home insured properly can save you a lot of anguish later when you are making a claim and it is not covered. Gregg S. Marcus, a Long Island Insurance Executive shares five steps you can take to assure that your home isn’t underinsured.To read this post in it's entirety, click here to visit the Gregg Marcus official website.
1. Know Your Policy and Coverage:
Your policy type should reflect your home’s needs. For example, if your home has special features such as hardwood floors and carved moldings, you will want to have special coverage for these features. It is always important to understand the basics of your policy. Make sure your policy covers a wide variety of perils. Also discuss what other types of policies are available with your agent to compare coverage.
Saturday, October 8, 2011
You may think of LinkedIn as just another social media site. If you use the site correctly, however, you can gain many new connections that can eventually be used to grow you business.LinkedIn is one of the most powerful social media channels that exists for business and if you aren’t active on it, chances are that you are missing out on making important business connections. Long Island Insurance Executive Gregg Marcus shares how he utilizes LinkedIn regularly to network with industry leaders as well as potential new clients.
To read this post in it's entirety, click here to visit the Gregg Marcus official website.Be Considered a Valuable Resource to Connections
Everyone is an expert at something. The more that you position yourself as an expert at a specific subject matter, the more your connections will think of you when they need help or advice. The more valuable you become to them, the more then will want to do business with you as well. Pay attention to status updates, discussions and questions they ask. These are all opportunities for you to display your expertise in your field.
Thursday, October 6, 2011
Long Island Insurance Executive, Gregg S. Marcusdonates most of his free time to charities that he believes in. is also a humanitarian and philanthropist. Gregg always finds the time to lend a hand to charities that he holds close to his heart. Yom Kippur is a few days away, so this week we feature one of Gregg’s favorite charity organizations. The UJA-Federation of New York is the world's largest local philanthropy organization and strengthens community and helps 1.4 million people in New York City, Westchester County, and Long Island, as well as 3 million in Israel and 60 other countries.To read this post in it's entirety, click here to visit the Gregg Marcus official website.
“UJA truly cares about the entire community. No one ever feels left out,” says Gregg S. Marcus about the organization. “Between groups, local events or traveling abroad, there is always something happening!” UJA-Federation of New York cares for those in need, rescues those in harm's way, and renews and strengthens the Jewish people in New York, in Israel, and around the world. They have innovative relationships with almost 400 synagogues and 300 Jewish schools in New York, 200 Jewish community centers and 25 Hillels in the former Soviet Union and Israel.
Tuesday, October 4, 2011
It is common for renter’s insurance premiums to be inexpensive, with the average standard policy costing around $30 a month. This figure can differ though, according to many different factors. With the state of the current economy, every dollar counts! In this post, Gregg S. Marcus, a Long Island Insurance Executive lists some easy tricks to keep your renters insurance coverage costs even lower.To read this post in it's entirety, click here to visit the Gregg Marcus official website.
Decide on Valuations for Household Possessions
There are different ways to value your furniture, appliances and other possessions depending on the renter’s insurance policy you choose. You can purchase a policy based on a lump-sum value of all items, compensation based on a per pound value or even based on the actual value of specific items. When you purchase actual cash value (ACV) or replacement-value policy, you may be required to keep documents on hand that prove the current market value of the items you own. Making the right decisions about the valuations of your possessions can help save money on your renters insurance and your overall household budget.
Saturday, October 1, 2011
Your homeowner’s and car insurance policies include a lot of coverage that you probably have never thought about. In order to get the most value from your policy, Long Island Insurance Executive Gregg Marcus lists five things that you are most likely covered for already with your current premium payments:To read this post in it's entirety, click here to visit the Gregg Marcus official website.
1. An Injured Pet
Since pets cannot put on a seat belt in a vehicle, even a minor fender-bender can result in an injury for your pet and major veterinary bills. Depending on where you live and the insurance company you have a policy with, your car insurance could pick up the bill. Most require that you have comprehensive and collision coverage and will cover up to $600 in your pet’s medical bills.2. Reckless Friends
If you lend your car to a friend for a few hours and they are in an accident, your own insurance policy will come to your rescue. Despite what people think, it doesn't matter whether or not your friend is insured for their car, because your own policy insures your vehicle plus “you, any relative and anyone else using your car if the use is with your permission.” Even if the friend who gets in the accident has his own car insurance, your insurance will pay for damage caused to others and, if you carry collision insurance, for damage to your car. However, you will have to pay your deductible for any collision claim.