Different Types of Homeowner's Insurance

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


When driving a vehicle, one might ponder the question, how much auto insurance liability is enough?  There is a wide array of auto insurance policies, providers, and liabilities.  It is up to you to be informed about your auto insurance policy and all that it provides to you.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to inform about the different auto insurance liabilities that are out in the market today. 

Although each state in the U.S. requires some degree of car insurance, the type of policy available varies by state.  New York State goes by two essential and required forms of auto liability insurance—bodily injury insurance and property damage insurance.  Now of course these two forms of liability insurance can be divided in many ways.  This is based on whether the bodily injury is non-fatal or fatal and how severe the property damage is.  Non-fatal bodily injury insurance provides coverage for the medical expense of the opposing car—that is, if you caused the accident.  This type of liability does not necessarily provide coverage for your medical expenses, so it may be broken up into two areas.  These two areas are divided up based on the bodily injury itself, thus providing coverage for one injured individual per accident.  This liability policy will provide coverage for medical expenses, lost money, pain, and long-term care.  The amount of people that are covered by the policy will be listed so that in case of an accident, you are aware of the medical coverage available to you.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website. 

Finding the Right Insurance: Why Using an Insurance Agent or Broker Can Help

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



As insurance has grown increasingly complex over the years, it has become that much more important to have an insurance professional to aid in your insurance shopping process.  Although it is now possible to purchase insurance without going through an insurance expert, it is still recommended to do so if you are someone who does not have a lot of time on your hands.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to review the variables that a person should consider when looking for insurance.
Insurance agents and insurance brokers can help you determine and put into place some of the very key aspects of your insurance-seeking process.  First, insurance professionals help you decipher what your insurance needs are, based on your location and other factors.  Then, he or she reviews with you a list of insurance companies and policies that will provide you with adequate coverage and fit your financial plan.  An insurance professional has the necessary tools to provide you with a policy that is right for you at a low price.  These are factors that would not be readily available to you without an insurance professional.  Insurance agents or brokers are also helpful because they can answer any questions you may have, both before purchasing the deal and afterwards.  With a professional working nearby, you can easily file claims and receive payments in a simple, timely manner.  Also, any necessary changes you may need to make over the years are easily adjustable with the help of an insurance professional.  Although some of this insurance research can be done on the internet, the relationship between a broker or agent and a customer is something very different altogether.  It is a partnership to ensure that you are getting adequate coverage for a reasonable price—a relationship that you would not find with a computer monitor.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.
 

What Employers Should Know About Worker's Compensation Insurance

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


As a business owner, there are many things that you need to be aware of regarding your employers’ compensation.  The primary purpose of worker’s compensation insurance is to protect employers in case they get injured, sick, or even killed on the job.  Worker’s compensation is required, although the policies for such compensation are different in every state.   In this article, Long Island Insurance Executive Gregg S. Marcus will advise what your company is mandated to cover in worker’s compensation.

Worker’s compensation generally gives the four main types of benefits to employers.  These four benefits are medical benefits, disability benefits, survivor’s benefits, and rehabilitation benefits.  This ensures that the company cannot be sued in case someone is severely injured, but instead will be given a set amount of money to repay the employer for their injury.  Upon receiving worker’s compensation at the start of their employment, the employer signs an agreement that they will not sue as long as the monetary reward is received accordingly.  Also, it is important to be aware of whether or not your state mandates that you show proof or notice of your insurance carrier in your workplace.  The state also monitors the amount of coverage that you are required to have, in addition to the amount of money that you are required to pay if your employer misses work due to a job-related injury.  If you fail to provide adequate coverage to your employers in worker’s compensation insurance, you may be punished by the state.  Punishments include fines, and civil or criminal penalties, so you should be sure to provide the required coverage.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.

 

Ways to Obtain Cheaper Car Insurance

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

It is essential to obtain adequate insurance coverage, especially when it comes to your vehicle.  However, having adequate coverage does not mean emptying out your bank account.  There are plenty ways to obtain cheaper car insurance and in this article, Long Island Insurance Executive Gregg S. Marcus would like to advise you on ways that you can do so.
At the beginning of the insurance shopping progress, you should make several comparisons of different car insurance companies, either by looking through your county’s local phone book or by searching through trusted internet websites.  The more you shop around to compare, the better deal that you are eligible to get.  Also, you should be aware of age-based discounts.  For example, once you reach age 25, your premium will lower up to 20%.  Generally, people who are between the ages of 25 and 55 will receive the most discounts—given that they are seen to be the safest drivers on the road.  In addition to your age, the area that you live in greatly impacts what you will pay on your car insurance premium.  If you live in a low-crime area as opposed to a high-crime area, your insurance company is likely to lower your insurance premium since you are less at risk for theft and damage done to your car.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.

Does Your Small Business Have Enough Insurance Coverage?

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

Oftentimes, small businesses take the brunt of natural disasters and other unexpected damages.  Whereas big businesses are fully insured, most small businesses are either with minimal coverage or are without coverage altogether.  The main issue comes from the fact that damages done by an incident such as a pipe burst can actually close a small business down.  Since many small businesses don’t have the coverage to pay off the damages, their company is left in distress and can go into serious debt or even close down.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to inform small business owners of ways that they can receive more coverage.
It is important that you are aware of your insurance coverage.  Call or get into contact with your insurance provider to confirm that your coverage is appropriate for the needs of you and your small business.  Insurance plans should provide coverage for not only property damage in case of an incident, but should also provide coverage for possible loss of revenue that could get damaged in the process.  Also, make sure that you ask many questions.  There is no such thing as asking too many questions, especially since you don’t want to miss anything when it comes to insurance.  It’s essential to understand the deductible, the coverage, and the policy limits of your insurance plan.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.

Five Factors That Affect Your Premium

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

 As many of you may know, there are plenty of factors that can affect the premium you pay on your homeowner’s insurance.  Being aware of these factors can help you lower your premium in no time.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to inform you of the five major factors that affect your premium.

First and foremost, the age of your home and the type of construction it possess have an enormous impact on what you will pay for your premium.  This is mainly because if you own a relatively new home, the structure and overall quality of the house is more reliable than that of an older home.  For this reason, insurance rates are lower for new homes as compared to old homes.  Structural features of a home, including up-to-date electrical wiring, recent plumbing, and having an HVAC (Heating, Ventilation, and Air Conditioning) system, can very easily lower your premium.

 To view this post in its entirety, click here to visit the Gregg S. Marcus official website.

Insuring Your Child at College

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


When your child is going off to college, insurance coverage can become the primary concern in a parent’s mind.  If your child is bringing a car with them to college and will be dorming as well, then your worries about coverage can be doubled.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to relieve some of your insurance coverage worries.
Many parents question how they can save money on insurance for their newly graduated child who is now heading to college.  If your son or daughter intends to take a car to college with him or her, you may have concerns about whether or not you should give them their own insurance plan in order to save money.  Although putting your child on a separate insurance plan may save you some money, it is always a better choice to keep your child on the family auto insurance plan because they will have more coverage in case of an accident.  Before heading off to college, it is essential that your child is fully covered by insurance, which the family auto plan will certainly allow for.  In order to save more money and receive more coverage from insurance providers, you could show proof of the student’s good grades and receive a “good student discount”.  Also, if your child is dorming a far distance away from your house, meaning 75 miles away or more, your insurance provider can add coverage and deduct from your insurance payments due to a “distant student discount”.  The option of keeping your child on the family auto plan is helpful in case your child decides to take the family car out for a ride when they are home from college.   In case of an emergency, your son or daughter may be asked to be the designated driver, in which case having all of the cars under one family plan would be beneficial to you.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.

Do You Have Enough Homeowner's Insurance?

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

There are multiple variables that determine the necessary amount of coverage for a homeowner.  More often than not, homes in the United States are undervalued, and as a result, do not have adequate insurance coverage.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to inform about the necessary coverage for homeowners under certain conditions.
The first underlying issue with homeowner’s insurance is that many people are unaware of how much their home is insured for and what kind of coverage they have.  This poses a big issue because if people are uncertain of their coverage, then how can they be aware of what they should be getting covered for?  Although basic homeowner insurance policies have what is known as liability protection, there are certain situations that call for additional coverage that is not provided by standard liability protection.  Liability protection provides coverage for any damage done to the home’s structure, coverage for valuable belongings, and coverage for any potential lawsuits pertaining to property damage or physical injury of persons residing in the home.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.  

Insurance Tips for Business Travelers

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


If you’re a business traveler, then you understand that spending constant time on the road can pose a lot of dangers.  This comes into play especially when driving a work vehicle that is not yours and is rather, a vehicle provided by your company.  Company cars possess a different insurance policy altogether, possibly leading to issues if you are unaware of the coverage that your company’s insurance provides.  In this article, Long Island Insurance Executive Gregg S. Marcus would like to give you some tips to ensure that you have coverage on the road as a business traveler.
The most efficient way to verify insurance coverage under your company’s business vehicle is to speak to your manager beforehand.  In doing so, you can be aware of exactly what your company’s auto insurance covers.  Also, it is important to be in touch with your insurance provider about what you are primarily using your own vehicle for.  If it so happens that the car you use for business is your own vehicle and not owned by your company, then it is important that you inform your insurance provider.  Factors including the type of car you own, your driving record, miles driven per year, and what you primarily use your car for will determine the premium that your auto insurer sets for you.  So, if your vehicle is primarily used for business purposes, it is essential that you make your insurance provider aware.  Otherwise, you could be paying more for your insurance than you should.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website. 

How to Get a Discount on Your Homeowner's Insurance

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


When a homeowner first purchases his or her home, one of the primary concerns that come to mind is a newly acquired mortgage plan and how to go about obtaining homeowner’s insurance to go along with it.  Although quite necessary, homeowner’s insurance can be quite overwhelming at first—especially when first purchasing a home.  In this article, Long Island Insurance Executive Gregg S. Marcus intends to give some tips on how to get a discount on your homeowner’s insurance.
One of the simplest ways to obtain a discount on your homeowner’s insurance is to increase the safety of your home.  If an insurance carrier sees that you are taking safety precautions, they will lower your homeowner’s insurance knowing that you are less at risk for damages of the home and estate.  Installing safety devices makes it clear to your insurance provider that you and your home are less vulnerable to theft, fire, flood, and other disasters.  As a result, your insurance payments will be lowered because you are less at risk for incidents that would require coverage.  Also, in addition to receiving a discount for installing safety devices, you will also increase the overall worth of your home when you one day decide to sell it.  So either way, it is a win-win situation.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.

Why You Should Insure Your Home Based Business

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

Many entrepreneurs working in home based businesses fail to think about insuring their business the way that they would insure their own home.  This can prose a huge issue, for they are leaving themselves susceptible to dangerous situations and are unknowingly risking the successes of their new business.  In this article, Long Island Insurance Executive Gregg S. Marcus seeks to advise entrepreneurs to insure their businesses.
The common misconception among the owners of home based businesses is that their homeowner’s insurance will cover any damages caused by their business. This is oftentimes false.  Just because the business takes place in one’s own home does not mean that the entrepreneur will be protected from business-related incidents.  For example, an entrepreneur selling graphic art that he produces would generally have thousands of dollars worth of computer equipment lying around in his or her home.  Due to the fact that the artist does business from his home, he is putting himself at risk of theft from potential customers.  This case scenario may not be covered by standard homeowner’s insurance.  Also, if one’s customer is injured in the process of using the entrepreneur’s product, they risk being held legally responsible.  For this reason, insuring your business, especially when home based, is extremely important to cover the unexpected.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.

How to Find Affordable Home Insurance

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

The most effective way to seek affordable home insurance is to apply for many quotes from insurance providers. By looking around for different insurance providers, you are more likely to find the deal that best suits you and your home. In this article, Long Island Insurance Executive Gregg S. Marcus recommends that you consider all of the variables carefully before settling for one insurance provider.
Many homeowners are familiar with the fact that they can save on their bills by increasing the deductible on their insurance. However, other homeowners choose to purchase both their homeowner’s insurance and their car insurance under the same insurance provider. This case scenario can create savings because most insurance providers have what is known as a loyalty program, giving advantages to people who stay with their company to insure more than just one aspect of their life. Another way to lower your insurance is to purchase a newer home because they are more up-to-date, and therefore lower to insure. The location of your home is also a key factor in the price of your homeowner’s insurance. For example, if your home is nearby to a fire department or if your neighbor’s possess a fire hydrant, your insurance will be cheaper. Taking safety precautions, like installing a security system in your home, could significantly lower your insurance bill as well.

To view this post in its entirety, click here to visit the Gregg S. Marcus official website.

How to Save Money on Your Car Insurance

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

Anyone who owns a vehicle understands that there are both perks and downfalls to having car insurance. However, many people are unaware of the fact that a few simple steps can significantly lower what they will have to pay. In this article, Long Island Insurance Executive Gregg S. Marcus encourages drivers to keep some factors in mind before signing for an insurance company. First and foremost, it is important to contemplate key insurance factors before purchasing one’s vehicle of choice. For example, if one is to choose a car with turbo features, insurance companies are likely to charge more because they will think you are more inclined to speed since your car has features that allow you to do so. Also, cars of higher value will have greater car insurance due to the fact that they are more vulnerable to being stolen—thus, raising the theft insurance. Other insurance factors include where you park your car. If you park your car in a parking garage as opposed to on the street, you can save on insurance premiums. It is also vital to be aware of one’s credit score, for insurers base the amount of money you are entitled to on this key factor.
When searching for an insurance company that is right for you, it is essential that you base the insurance around your personal needs. Oftentimes, phone calls must be made to verify that the insurance provider is licensed by the state to do business in your given location. Also, research should always be done on the insurance company itself. After signing for a specific insurance provider, be sure that everything is in order by keeping copies of all insurance paperwork.

To read this post in its entirety, click here to visit the Gregg S. Marcus official website.