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.