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. 

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.

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.

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.

Adjusting Your Homeowner’s Insurance

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

It is true that your insurance portfolio is quite similar to maintain an automobile. You need to regularly get a tune up and change your oil such that with an insurance policy, as life changes you are required to make certain tweaks and adjustments to your policy. In this fluctuating real estate market you many need to adjust your coverage prior to a claim, otherwise instead of saving money you may find yourself with a claim not covered by your current policy. In this post, Long Island Insurance Executive, Gregg S. Marcus will explain why it is proper and necessary to adjust your homeowner’s insurance policy.

The personal property coverage or contents coverage for a homeowner’s policy is a default percentage of the dwelling. Discuss this limit with your agent as it compares to the appraised value or market value of your home. Many people hold policies that have not been reviewed in a number of years which results in an insufficient dwelling value. The worst possible time to learn of your homeowner’s insurance being insufficient is of course in the time of a claim. It is not your agent’s responsibility to make sure you read your policy.

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

What You Should Understand About Home Owner's Insurance

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

You can easily reduce the rates of your home owner’s insurance with a few quick methods. Everyone knows that homeowner’s insurance can be a great expense but it is simpler than most realize to minimize. With little to no effort you can go from overpaying every month to saving up to hundreds a year. In this post, Long Island Insurance Executive, Gregg S. Marcus will lay out some helpful tips about how to save on your homeowner’s insurance and still hold all the coverage needed to stay safe.

One of the easiest and first things you should go about doing when looking to save on your home insurance is to insulate your water pipes. One of the most commonly claimed damage regarding homeowners insurance is a burst water pipe. Any claim with your home insurance provider will dramatically increase you annual insurance premium, therefore it goes without saying that you should insulate your pipes and save money!

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

Home Inspection Tips for Buyers

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

Getting a home inspection is one of the most vital steps prior to buying a home. For buyers, it may be the grounds for negotiating price offers, planning potential renovations or establishing what needs to be fixed in the near future. An inspection is designed to be a fairly comprehensive diagnostic test on the condition of your possibly new home. In this post, Long Island Insurance Executive, Gregg S. Marcus will give some helpful tips regarding a home inspection in hopes of enlightening buyers about the importance and usefulness of a home inspection.

A home inspection is designed to educate both buyers and sellers about certain problems that should be taken in order to prevent any long term damage. Some issues may require immediate attention while others may be the grounds for negotiation and barter prior to moving into the home. Here are some fundamental tips on what to pay attention to when having a home inspected.

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

Confusing Insurance Terms Explained

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

Many people upon receiving an insurance policy renewal of any sort often find that many insurance terms are confusing and indefinable.  Of course those in the business itself have little to any trouble conceiving the long and tedious contracts. If you don’t ask for explanations of specific terms and concepts there is an assumption that you understand them, many of these terms are quite befuddling to the layperson.  In this post, Long Island Insurance Executive, Gregg S. Marcuswill define and elaborately clarify many confusing insurance terms and conditions.

Two very common phrases often uttered throughout an insurance policy are replacement cost and market value; this is of course when referring to a homeowner’s insurance policy. Replacement cost and market value are affected by the fluctuations in the economy, including the costs of labor and other materials or housing demands. Often the market value of a home will be a bit higher than the replacement costs or vice versa.

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

Home Insurance Quotes Based on your Needs

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

It is critical to your financial security to request viewing home insurance quotes. Regardless of the type of home you are in you should generate quotes from multiple insurance companies as it will put you one step closer to protecting both your home and your personal belongings. In this post, Long Island Insurance Executive, Gregg S. Marcusis eager to help you understand the main coverage options which will assist you in your selection process. You will be able to read about the main types of homeowner’s insurance so you can better understand your quotes.

Structural Coverage

It goes without saying that no one should own a home without having coverage for the home’s structure itself. This type of homeowner’s insurance coverage will protect your dwelling and the other structures located on the premise of your property such as garages, tool sheds, etc.

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

Reasons to Get Renter’s Insurance

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

Many people these days are anti-insurance and view policies as being a hustle intended to divest ones hard earned money due to the slight probability that something might happen to harm you or your possessions. In this post, Long Island Insurance Executive, Gregg S. Marcus will explain why it is vital to take out a renter’s insurance policy even in the unlikely event of a disaster occurring.

Thievery is obviously an awful occurrence, unfortunately it exists and it is at often times difficult to prevent. It is common that even individuals you trust and welcome into your home may take advantage of your kindness and possibly walk out with an item or two of yours. It is circumstances such as this that you should possess a form of insurance to protect your valuables. An average renter’s insurance policy will layout what specific items are covered as well as their costs.

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

Filing a Homeowner’s Insurance Claim

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

The past few years we have seen a tremendous amount of storms throughout the United States. This has caused many homeowners’ to suffer some damage from either flying debris or more commonly tree limbs. Though many do not know what they are to do if a tree is to fall on their home, or whether or not it matters if it is from your neighbors’ property or yours. In this post, Long Island Insurance Executive, Gregg S. Marcus will fully explain what you should know about filing a home insurance claim and how to make the process as little of a headache as possible.

Initially, if a tree or a limb falls on your home, regardless of whose tree it is, you must call your insurance company, inform them, and begin to file a claim. After a storm, most people will be reaching out to their insurance companies which could result in a claim process being what they call bottlenecked. The quicker you go to make your claim the faster it will process and the sooner your damage will be repaired.

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

Why Insurance Premiums Increase While Property Value Decreases

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

Customers always seem to ask insurance agents the following question: “How can it cost more to insure my home when my property value is declining?” This has been even more prevalent following the economic slump in the last few years. Values naturally tend to decline as the real estate markets slows up.  Currently homes are not selling as quickly due to a decrease in demand which lowers the competitive aspect of selling.  Homeowner’s across the country have witnessed that property values are much lower than even just a few years ago. In this post, Long Island Insurance Executive, Gregg S. Marcus will explain why this insurance phenomena seems to occur.

With home values declining, why do home insurance rates continue to increase?

One of the greatest factors that determine the cost of home insurance is the replacement value of the home being insured.  The main factors that determine the replacement value of your home can vary greatly from the factors that establish your house’s market value.  Replacement value of a home is the cost that it would take to rebuild your home with current construction costs and

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

Can I Request a Decrease on my Homeowner’s Policy?

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

In a word yes, a homeowner can request a decrease on their policy, however, it is required that a client purchase the full percent of the insurance value. This of course means the client must buy the amount of coverage necessary to be able to cover the full value of the home in the instance of a tragedy. In this post, Long Island Insurance Executive, Gregg S. Marcus explains how to request a decrease on your policy and answers the following questions commonly brought up when discussing an adjustment to your homeowner’s insurance.

What if I think my coverage is too high?

If you think that your home is over insured it is important that you immediately contact your insurance agent and inform them of this belief. Your agent will have access to computer software which can help determine your unique and personal insurance rate. Costs such as your loan amount, tax assessment, and sale price, contrary to popular belief do not affect your rate.

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

How Important is Renter’s Insurance?

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

A homeowner’s insurance policy protects those who own their own house in the event of a tragedy, theft, or any other unforeseen incident.  Those individuals who rent instead of owning a home, renter’s insurance exists to offer the very same protections.  People whom of which live in apartment buildings are not usually required to have insurance, though in many cases it is a very good idea to have it. The owner of the building may have an insurance policy which offers some protection in the event of fire or theft, but that policy will not cover one’s personal belongings. Renters who possess valuable belongings should consider purchasing a renter’s policy in order to protect themselves. In this post, Long Island Insurance Executive, Gregg S. Marcus explains the importance of renter’s insurance and the options available for purchase.
Most renters will indeed require an insurance policy. Financial compensation is given in the event personal belongings are destroyed, stolen, or damaged in any way shape or form.  Renters may have inexpensive items that can be easily replaced. And other renters may just simply not care about having to spend extra money to replace their belongings in the event of an accident, although this group of renters tends to be a small one.

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

Is Minimum Homeowner’s Insurance Enough?

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

When shopping for homeowner’s insurance, individuals usually search for the lowest possible rates, especially with the economy being in the shape it is. However, policy holders should not settle for a lower rate with the risk of having inadequate coverage. A homeowner’s insurance agent will typically recommend what they believe to be best for your budget and home itself. Though, the homeowner usually opts for less in order to thwart paying high premiums.  In this post, Long Island Insurance Executive, Gregg S. Marcus explains why minimum homeowners coverage may not be the best option, and how paying a little more could protect you in the time of a future incident.
When getting down to business you should anticipate a number of different factors regarding you and your home personally. How much homeowner’s insurance do you truly need to safely protect the investment of your home? The answer to this question will obviously vary from one situation to the next, though there are a few things you much consider:

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

Why It’s Important to Get a Home Insurance Quote

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

It is a smart move that you have decided you want home insurance, however, before you purchase this insurance you must first get a homeowner’s insurance quote.  It is important to get quotes from many major companies as if you do not, you will not know which is offering you the best deal.  You should contact insurance brokers, especially if you are shopping for multiple kinds of insurance simultaneously.  In this post, Long Island Insurance Executive, Gregg S. Marcus, discusses the importance of getting home insurance quotes and how to find the

It is common for one to become a bit overwhelmed by the staggering number of insurance companies out there as well as the immense amount of plans and policies to choose from. It is sometimes nearly impossible to decide which policy suits your needs, which is why contacting a broker, or insurance executive is a vital part of selecting the perfect plan to suit your specific needs. This is why getting multiple quotes is the best possibly way to start searching for your homeowner’s insurance.

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

Know What Your Homeowners Insurance Covers

Here is an excerpt from a new blog post at GreggMarcus.com:
It is true that most individuals don’t truly read or understand their insurance policy. The average person just knows that insurance is required when owning a car or a home, but beyond that most don’t look into their policies much.  When purchasing homeowner’s insurance it is rare that one knows what is covered and what isn’t until it’s time to put in a claim and at that time it is too late! In this post, Long Island Insurance Executive, Gregg S. Marcus explains what is usually covered and what you need to know about a basic homeowner’s insurance policy.
In most cases, a homeowner’s insurance will cover against the following things:

• Damage to the home from wind, hail, lighting and any other storm related damage.
• Theft from the premise.

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

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.