Property Insurance Explained

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

It goes without saying that your house is the most costly individual item you will obtain at any one time. Though most individuals purchase property insurance, also commonly known as homeowner’s or simply home insurance, these same people rarely know exactly what the insurance policy covers and entails. There are a number of threats regarding home control which include danger from fire, theft, deterioration or many other mishaps. A property insurance policy will protect your overpriced investment from any of these terrifying factors. In this post, Long Island Insurance Executive, Gregg S. Marcus will explain property insurance and its relation to protecting you and your home.

Often referred to as a homeowner’s insurance policy, a household insurance policy is a term of insurance that protects obligation and injury to the house from the individual taking out the insurance plan. The average policy is put in place to protect the house from storms, burglary, riots and personal liability. These factors are part of what is normally known as property owners insurance. Additionally, it covers other conditions specific to ones location and the house itself.

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

Auto Insurance Theft Coverage

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

Most people are becoming aware of the increasing problem that is auto theft, as well as vandalism and how they affect your insurance rates. It is said that nearly every thirty seconds a car is stolen. That comes to about a million cars being stolen in a single year alone. Theft has such an effect on your insurance premium that some individuals who live in certain locations are unable to possess a regular auto insurance policy due to such a high risk of theft. In this post, Long Island Insurance Executive, Gregg S. Marcus will explain all you need to know regarding auto insurance when it comes to theft coverage and keeping your car safe.

Car theft is covered by your automobile insurance policy’s comprehensive coverage. While paying for comprehensive insurance coverage, your pay rates will be determined by the likelihood that your car will be stolen. Your insurance company itself will review the theft rates in your local area and also take into account the make and model of your car as certain automobiles are more likely to be targeted for theft.

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

FAQ: Small Business Insurance

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

All policies are organized by specific sections and regardless of what insurance company you use there are many similarities in the contract provisions. It is important that you know what the sections are and typically what they are describing in order to help you quickly get information that you need from these contracts which at often times exceed one hundred pages. In this post, Long Island Insurance Executive, Gregg S. Marcus clearly lays out the facts, myths, and everything else you must know about insuring your small business.

The initial few pages are usually the declarations page or pages. These declare the name, address, amount of coverage and specific limits that the insurance carrier will provide the client. It’s more or less a brief summary which will highlight the main factors of the risk the insurer is providing the coverage for.

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

Auto Insurance for Young Drivers

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

Insuring a teen or young adult is obviously extremely expensive. Depending upon the age of the drive, the make and model of the vehicle, and the applicable state restrictions enforced by the law, adding a young or teen driver can increase insurance rates by 100 percent or more. It is surprising that so many parents are even willing to license their teens with insurance premiums being affected so greatly and increasing uncontrollably. In this post, Long Island Insurance Executive, Gregg S. Marcus will explain what you need to know about insuring a young driver and what you can do to prevent your rates from rising immensely.

The high cost of insurance for a young driver is due to the one simple fact that teen drivers and younger adults pose a much higher risk of loss for the company. Premiums for any type of insurance be it life, health or automobile, are always based off of risk. Studies have proven that for younger inexperienced drivers, risks are four times as high as any other type of driver. The cost of claims from teenage drivers involved in accidents is also proven to be higher than those of adult drivers.

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.

Does your Business Need Additional Coverage?

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

As a business owner you have probably had to decide in the past whether your business insurance is over covering your business or under covering it. Too much coverage can become quite costly and in turn ineffective. While not having enough coverage can in the end put your business out if something unfavorable were to occur. Most companies’ policies possess the most basic of all coverage; including liability insurance, property insurance, and services such as worker’s comp. In this post, Long Island Insurance Executive, Gregg S. Marcuswill explain why this basic coverage may not be enough in regards to your personal business.

The basic coverage mentioned earlier is normally okay if all your business consists of is a building and employees and you do not expect anything out of the ordinary to happen. There are some additional coverage options available that are crucial for businesses to acquire on top of their basic insurance policy. Most individuals believe the following are covered under their basic business insurance policy, when in fact more often than not they are not.

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

Does your Business Need Additional Coverage?

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

There are a staggering number of scenarios in which a home is to become vacant for an extended period of time. In many cases this is for more than just a weekend or couple week’s vacation. There are many people who believe that their vacant home, for whatever reason, is covered under their existing policy, not truly knowing that in reality the vacant house has severely limited coverage. In this post, Long Island Insurance Executive, Gregg S. Marcus explains the situations in which a home may be vacant and why and how you can properly insure your non-living residence.

There are many reasons why a house may remain vacant. Regardless of the reasoning, people are usually misinformed about their vacant homes coverage. The most common reasons a house will remain without residence are the following: a family has purchased a new house and the old home is now vacant and waiting to be sold, an elderly parent or loved one has moved into a nursing home in which the house is left behind for the children to decide what they wish to do with it, or a couple moves out of state for half a year or so for a job opportunity.

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