Saving Money on Your Homeowner’s Insurance Policy

Here is an excerpt from a new blog post at GreggMarcus.com:

Residents throughout the country are always looking for ways to cut back on their expenses and tighten their household budgets. A great way to start is by reviewing your homeowner’s insurance policy. Homeowner’s policies can vary greatly from one home to another. It is always recommended that you shop around in order to find the best possible insurance rate. In this post, Gregg S. Marcus, a Long Island Insurance Executive explains the most efficient ways to select and save on your homeowner’s insurance policy.

Inquire About Discounts
Ask your insurance provider if they offer any discounts for bundling policies, say a homeowners and auto policy. At often times if you hold multiple policies with the same insurance company they will offer you some form of discount or special deal. Some companies can offer a savings of up to 15%.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

Different Types of Auto Insurance

Here is an excerpt from a new blog post at GreggMarcus.com:

If you are a current car owner you know how annoying and incomprehensible car insurance can be, especially when you have high rates to pay.  Most people are unhappy with the extremely high costs of their auto insurance, though many don’t know that several different types of auto insurance available in the market. Many of these different policies may be far cheaper than what you are currently paying.  In this post,Long Island Insurance Executive, Gregg S. Marcus discusses the different types of auto insurance and why some may be more beneficial to you than others. Before switching policies it is recommended that you educate yourself on all possible insurance types:
Fully Comprehensive
Fully comprehensive policies are by far the most expensive and the most widespread of all policies across the country.  A large part of the auto industry includes cars that are either leased or financed through loans; this allows dealers and lending companies to require additional standards regarding auto insurance. Most lending companies require fully comprehensive insurance for financed vehicles, so if you took out a loan to purchase your car expect to pay a substantial amount for auto insurance. Fully comprehensive insurance covers almost every possible insurance situation.  The benefit of a fully comprehensive policy is that the insurer will cover the accident regardless of the situation; therefore paying a little more may be worth it.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

5 Unexpected Costs for Homebuyers

Here is an excerpt from a new blog post at GreggMarcus.com:

When looking to purchase a home, many buyers mistakenly believe the sales price of the house is the only cost they need to worry about.  However, those who have purchased a home before no for a fact that there are many other costs involved which need to be taken into consideration.  It is important to research what all the hidden costs will be so to be prepared when making an offer on a house.  In this post, Gregg S. Marcus, a Long Island Insurance Executive  fully explains all the hidden fees of purchasing a house
Taxes
Property taxes can vary immensely from one neighborhood to the next. When shopping around for a home one of the first things you should take into account is that the nicer neighborhood cost far more in property tax. When assessing taxes you should also be on the lookout for whether or not there are additional village taxes in the area. Call your county tax office for tax information on any property

To read this post in it’s entirety, click here to visit the Gregg Marcus official website.

Ways to Obtain the Cheapest Auto Insurance

Here is an excerpt from a new blog post at GreggMarcus.com:

Most individuals when asked how much their car costs them a month, they simply reply by explain what their car loan is monthly. People at often times do not take into consideration maintenance, gas, and usually the most expensive aspect, insurance. Lowering your insurance is one of the simplest and most effective ways to lower the cost of your commute, and can usually be accomplished with just a simple phone call to your insurer. In this post, Gregg S. Marcus, a Long Island Insurance Executive explains the most useful ways to lower your car insurance and therefore make your overall car expenses less.

Compare
Feel free to visit as many insurers as you would like and compare their prices. It is important to shop around as many insurance companies offer a variety of premiums and coverage that may differ from company to company and in turn vary greatly in price. The insurance industry is that of a rather large one, therefore there is a lot of competition and a lot of room to negotiate.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

HOW TO: Stay Safe in Your Vehicle

Here is an excerpt from a new blog post at GreggMarcus.com:

Though improvements in technology help to lower the number of car accidents that occur each year, it still remains that most accidents are the result of human error. In order to lower your risk of getting into an accident it is vital to practice safe driving skills. Regardless of whether you are a first time driver or have been behind the wheel for many decades, in this post, Gregg S. Marcus, a Long Island Insurance Executive advises that everyone follow these same safety precautions:

Slow Down!
It goes without saying that driving the speed limit is one of the simplest ways to stay safe. The old expression “speed kills” proves to be true. Studies have shown for every mile per hour you drive over the speed limit you are 4 or 5% more likely to get into an accident. With this logic while traveling ten miles past the speed limit (which happens quite often) you have nearly a 50% more likely chance of being part of an auto accident.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

Steps to Prevent Your Pipes from Freezing in the Winter Months

Here is an excerpt from a new blog post at GreggMarcus.com:

Those who have experienced the misfortune of having a pipe burst know the devastating impact it can have on one’s home. The broken pipe itself is a relatively minor inconvenience, though the immense amount of water that flows from within can become quite a disaster. The running water leaking through your walls and ceiling may result in a major reconstruction project which could cost you thousands of dollars. Not to mention the damage that could occur to drywall, furniture and appliances. Gregg S. Marcus, a Long Island Insurance Executive suggests these tips to try and prevent this awful experience:

1. It is important to plan ahead and investigate which pipes may potentially freeze. Prime candidates for freezing include water pipes that run through unheated spaces in your home as well as pipes running through walls to the outside of your house.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

Why You Need Car Insurance Even If You Don’t Own a Car

Here is an excerpt from a new blog post at GreggMarcus.com:

Most individuals erroneously believe because they don’t have a car that they don’t require auto insurance. Contrary to this belief, it is important to know that some form of insurance should cover anyone who wishes to drive at some point, even if it is not their vehicle. Needless to say, everyone who drives should be insured. In this post, Gregg S. Marcus, a Long Island Insurance Executive explains why it is so important to be insured, even if you don’t have a car.

Regardless of whether or not you own a vehicle, you should be covered in some way or another by an auto insurance policy, which meets the criteria of the specific state you live and drive in. Even though the car you borrow or rent may be covered by its own policy, the drivers must also hold their own personal insurance coverage. If you were to get into an accident for which you are liable you would have no financial liability without said insurance policy.

If you do not own a car and never drive then it is true that there is no need for you to purchase auto insurance. But if for some reason you are going to be at one point or another behind the wheel of a car, you must be insured. It is not just a legal concern to make sure that you are insured under your own policy, but it is vital in order to protect yourself from potential financial troubles.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

HOW TO: Reduce Basement Flooding Risk

Here is an excerpt from a new blog post at GreggMarcus.com:

It is not uncommon for rain showers to wreak havoc on any home’s basement, no matter the location. Simply resolving an obvious gutter or downspout leak can solve most basement water problems. Though a few water problems may have some causes that are difficult to identify and fix. In this post, Long Island Insurance Executive, Gregg S. Marcus, explains how most basement flooding issues can be solved using three basic steps: Evaluate, Inspect, and Install a Solution.

Evaluate the Problem
It should be noted if you cannot locate the source of the problem yourself that it is important to contact a professional. In order to properly evaluate your problem you must answer these questions:

• Does the basement flood every year at approximately the same time?

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

Understanding Your Insurance Policy

Here is an excerpt from a new blog post at GreggMarcus.com:

An insurance policy is a legally binding contract between an insurance company (the insurer) and either a person or business (the insured). Reading your policy helps you to confirm whether or not the policy meets your needs and also to clarify what the responsibilities of you and the insurance company are, especially when a loss occurs. Many individuals who take on a new insurance policy fail to carefully read what they are signing into and inadvertently pass over any exclusions or conditions that may affect them greatly. In this blog post, Gregg S. Marcus, a Long Island Insurance Executive explains what to look for when you are reviewing your insurance policy.

The four basic sections found in almost all insurance contracts are:

1. Declaration Page
2. Insuring Agreement
3. Exclusions
4. Conditions

The declaration page is the first part of any insurance contract, this section declares who is an insured, what risks or properties are covered, the policy limits, and the amount of time the policy is in effect.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

Can Marital Status Affect Car Insurance Premiums?

Here is an excerpt from a new blog post at GreggMarcus.com:

Most people believe there are two factors that contribute greatly to lowering ones auto insurance: turning 25 and getting married. Both of these occurrences appear to be true, as becoming 25 as well as entering a marriage are both strong indicators of maturity and in respect safety. Though many people find this to be at often times ridiculous, there is logic behind an insurance company’s decision to change rates based on being either a single or married individual. In this post, Gregg S. Marcus, a Long Island Insurance Executive  explains the reasoning behind why auto insurance companies make this decision.

Auto insurance companies assume if one is married that they are a more responsible person, expecting them to be safer while behind the wheel of a car. This is of course a bias generalization, although studies have shown that individuals who are married are more responsible when it comes to instances such as automobiles and finance, resulting in married individuals being less reckless than those who are single.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

Types of Fire Insurance

Here is an excerpt from a new blog post at GreggMarcus.com:

Fire insurance is an insurance policy purchased in order to cover any damage to property caused by a fire. It is a specialized form of insurance beyond regular property insurance, which is designed to cover the cost of replacement and/or repair, beyond what is covered by your basic property insurance policy. Most homeowner’s and commercial policies have fire insurance, but few truly understand what it is and how it works. These policies list a number of perils that are covered by the policy and exclude perils that are not covered. Specific perils can also be purchased separately and added to any policy. In this post, Long Island Insurance Executive, Gregg S. Marcus lists the six principal types of fire insurance policies:

1. Valued policy
If the agreed value of the matter at subject is stated in the policy, it is a valued policy. This may not be the actual value of the property, though in the event of a fire the insurer must pay the mentioned value to the customer.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

The Truth About Car Insurance

Here is an excerpt from a new blog post at GreggMarcus.com:

Purchasing auto insurance is a complicated and expensive process, which no one enjoys. Insurance companies’ premiums seem to always be overpriced as well as incomprehensible. This is why so frequently there is misinformation regarding insurance coverage and payments. In this blog post, Gregg S. Marcus, a Long Island Insurance Executive lists the most common myths relating to auto insurance, which have all been proven to be false.

My auto insurance company can cancel my policy at any time.  As long as you make your monthly scheduled payments, state regulations prohibit insurance companies from dropping you in the middle of your policy term. As long as you pay your premiums and have a valid driver’s license, insurance companies cannot cancel your policy. There are some reasons in which a company could cancel insurance policies, however, they do not have the right to do so at anytime.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

FAQ: Can Having Homeowner’s Insurance Stop Foreclosure?

Here is an excerpt from a new blog post at GreggMarcus.com:

With an economic crisis running rampant across the country, those who have failed to make their mortgage payments in a timely manner and have had their home foreclosed on are left wondering where they went wrong. In this post, Gregg S. Marcus, a Long Island Insurance Executive explains how having homeowner’s insurance could have saved their home from foreclosure.

Believe it or not, an expense like homeowner’s insurance can actually help with your mortgage expenses. So how exactly can you utilize your insurance to prevent your home from being foreclosed on? Many different ways:

Job Loss Insurance
Often added on as a rider to a standard homeowner’s insurance policy, job loss insurance is purchased while still employed. Once covered, this will pay for part or your entire mortgage payment should you be unemployed for a number of reasons.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

5 Mistakes to Avoid After a Car Accident

Here is an excerpt from a new blog post at GreggMarcus.com:

Being in an auto accident can be a scary, frustrating and unnerving experience that no one ever wants to happen. Nonetheless, when a car accident does occur, you must take action immediately and file a claim with your insurance company. If one error is made in the process after an accident, your claim could be denied. In this post, Long Island Insurance Executive, Gregg S. Marcus,  lists the five most common mistakes drivers make after an accident.

1. Waiting to Make the Claim
The longer you wait after an accident to make a claim with the auto insurance company, the less likely it is to be approved. As soon as you and all parties involved in the accident are in a safe place, contact your insurance company to let them know.

2. Not Getting or Giving Information
Never leave the scene of an accident without getting the name and contact information of the other driver involved, as well as the make, model, license plate number and insurance information of the other driver.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.