Whether you already have a homeowners insurance policy or are shopping around for one, it is vital that you understand what factors go into obtaining a policy, how to select the right coverage and what the terms in the policy mean. To help you better select homeowners insurance, here are seven things you need to know. 1. Maintaining a good credit score saves you money Your credit score is important when it comes to many things, including the premium on your homeowners policy. Research shows those with good credit file fewer claims than those with lower credit scores, making them less of a risk to insure. 2. You need to shop around Insurance companies determine their costs by using algorithms that are specific to their company. This means that the company that offers an excellent deal to your friend may not offer a good deal to you. You can assure you are getting the best rate on your homeowners insurance policy by working with an insurance broker. 3. Liability coverage is worth the extra cost Liability coverage is not always required and it is very tempting to save money by opting out. However, the cost per year is about $150, and for that price, you should be able to get about $500,000 in liability coverage. It is a small investment that can protect you from many very difficult scenarios. 4. You need to adjust your coverage as your property value increases If you have simply been renewing an old policy every year, the amount covered may no longer reflect the value of your home. It is advisable to review your policy and property value each year to make certain you have the coverage you need. 5. Your policy does not automatically cover valuable items Many homeowners make the mistake of assuming that their homeowners insurance policy covers everything within the home. The truth is that some valuable items need to be insured as a schedule on the larger policy or have their own policy. Do not rely on a basic homeowners policy to cover all jewelry, artwork, historical items or other pieces of significant value. 6. Increase the safety of your home to save money Insurance companies prefer to insure properties that are a low risk. This gives them reason to reward you for cutting down on or eliminating risks in the home. Some things you can do that might reduce your insurance costs are installing an alarm system, using fire alarms and updating the wiring in the home. 7. Bundling your insurance policies can save money Securing multiple insurance policies from the same company, can get you a discount. This can be a valuable strategy as long as the coverage meets your needs. To determine if you have the right homeowners insurance coverage, speak with an experienced broker, such as John B. Wright. John B. Wright is an independent insurance agency that works for you, as opposed to the insurance companies. They have been working with individuals and businesses in Monmouth County since 1961. To find out more visit www.johnbwright.com or call (732) 223-6611. John B. Wright is located at 64 Union Ave, Manasquan, NJ 08736 John B. Wright Insurance Agency 64 Union Ave Manasquan, NJ 08736 (732) 223-6611 http://www.johnbwright.com John B. Wright Insurance Agency is a full-service agency located in Manasquan, NJ, offering all forms of Property, Health, Casualty and Life Insurance to New Jersey businesses, families and homeowners. Our customers live and conduct business throughout Monmouth County, New Jersey and the surrounding areas. Contact John B. Wright Insurance Agency to accommodate your needs with Auto, Home, Boat and Marine, Contractor, Flood as well as other types of insurance.
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Whether you already have a homeowners insurance policy or are shopping around for one, it is vital that you understand what factors go into obtaining a policy, how to select the right coverage and what the terms in the policy mean. To help you better select homeowners insurance, here are seven things you need to know. 1. Maintaining a good credit score saves you money Your credit score is important when it comes to many things, including the premium on your homeowners policy. Research shows those with good credit file fewer claims than those with lower credit scores, making them less of a risk to insure. 2. You need to shop around Insurance companies determine their costs by using algorithms that are specific to their company. This means that the company that offers an excellent deal to your friend may not offer a good deal to you. You can assure you are getting the best rate on your homeowners insurance policy by working with an insurance broker. 3. Liability coverage is worth the extra cost Liability coverage is not always required and it is very tempting to save money by opting out. However, the cost per year is about $150, and for that price, you should be able to get about $500,000 in liability coverage. It is a small investment that can protect you from many very difficult scenarios. 4. You need to adjust your coverage as your property value increases If you have simply been renewing an old policy every year, the amount covered may no longer reflect the value of your home. It is advisable to review your policy and property value each year to make certain you have the coverage you need. 5. Your policy does not automatically cover valuable items Many homeowners make the mistake of assuming that their homeowners insurance policy covers everything within the home. The truth is that some valuable items need to be insured as a schedule on the larger policy or have their own policy. Do not rely on a basic homeowners policy to cover all jewelry, artwork, historical items or other pieces of significant value. 6. Increase the safety of your home to save money Insurance companies prefer to insure properties that are a low risk. This gives them reason to reward you for cutting down on or eliminating risks in the home. Some things you can do that might reduce your insurance costs are installing an alarm system, using fire alarms and updating the wiring in the home. 7. Bundling your insurance policies can save money Securing multiple insurance policies from the same company, can get you a discount. This can be a valuable strategy as long as the coverage meets your needs. To determine if you have the right homeowners insurance coverage, speak with an experienced broker, such as John B. Wright. John B. Wright is an independent insurance agency that works for you, as opposed to the insurance companies. They have been working with individuals and businesses in Monmouth County since 1961. To find out more visit www.johnbwright.com or call (732) 223-6611. John B. Wright is located at 64 Union Ave, Manasquan, NJ 08736 John B. Wright Insurance Agency 64 Union Ave Manasquan, NJ 08736 (732) 223-6611 http://www.johnbwright.com John B. Wright Insurance Agency is a full-service agency located in Manasquan, NJ, offering all forms of Property, Health, Casualty and Life Insurance to New Jersey businesses, families and homeowners. Our customers live and conduct business throughout Monmouth County, New Jersey and the surrounding areas. Contact John B. Wright Insurance Agency to accommodate your needs with Auto, Home, Boat and Marine, Contractor, Flood as well as other types of insurance. Auto insurance policies are not one-size-fits-all. You need a policy that offers the right coverage and is within your budget. Since your situation can change from year to year, you should take time to evaluate your coverage on an annual basis. How can you check if your auto insurance fits your needs? Here are some tips: Look at the rates offered by competitors Research discounts Check the standing of your insurer Look at your reported mileage Business use requires special coverage Moving may lower your costs Rental car coverage is not always included If you discover that your auto insurance coverage does not quite fit your needs, speak to an experienced broker such as John B. Wright. John B. Wright is an independent insurance agency that works for you, as opposed to the insurance companies. They have been working with individuals and businesses in Monmouth County since 1961. To find out more visit www.johnbwright.com or call (732) 223-6611. John B. Wright is located at 64 Union Ave, Manasquan, NJ 08736. Traditionally, the insurance industry has been slow to change. The complexity of managing a convoluted web of governing regulations and state-by-state charters has always boded well for maintaining the status quo and an "if it isn't broken, don't fix it" mentality. The demands of today's evolving risk landscape is forcing providers to develop more adaptive business models--and big data is the tool that will drive this new reality. Real-Time Data for More Accurate Insurance Pricing Using Big Data to Cut Costs Improved Fraud Detection New Product Lines Better Suited to Client Needs More Control Over Policies Insurance Monmouth County, NJ With dozens of companies to choose from, confusing industry jargon and complex contracts that look more like law school textbooks than insurance policies, it can be a real challenge to know which provider deserves your business. Customer Service Ratings Beat Price Replacement Cost or Cash Value? Check for Exclusions Can You Afford the Deductible? Ask About Discounts Check Your Liability Coverage Home Insurance Monmouth County, NJ On the surface, it would seem that boat insurance would act exactly the same way as auto insurance. After all, a boat is like a car on the water, right? You drive it. You park it. And it can be stolen or damaged. The "Agreed Value" Option Boat Insurance May Not Be Legally Required in Your State It's Possible to Suspend Boat Insurance Coverage May Be Limited by Geography Boat Insurance Monmouth County, NJ The destruction to your home and possessions from flood waters can be catastrophic. According to the National Flood Insurance Program, the average claim in the US is a whopping $39,000, and raging waters have the potential to destroy your home completely. Flood Insurance Is Optional Interpreting Water Damage 30-Day Waiting Period Flood Plains Shift Over Time Flood Insurance Monmouth County, NJ When it comes to shopping for auto insurance, many Americans arent nearly as knowledgeable as they think they are. Lets see how you do! How many of these important facts about auto insurance were you in the dark about? In the Event of a Theft, the Stuff Inside Your Car May Not Be Covered Never presume your comprehensive auto policy covers the contents of your vehicle. In fact, most standard policies dont. If someone breaks into your car and steals your possessions you may only be able to submit a claim for the damage done to your vehicle during the robbery. Check your homeowners or renters insurance for possible coverage of your possessions. Your Credit History Affects Your Insurance Rates One more reason to pay your bills on time and keep your finances in order! While a poor or non-existent credit history will not prevent you from purchasing coverage, it could lead to higher premiums. Not all insurers consider your credit score when determining your premium, however, so if yours is less than perfect, consider asking your insurance agent about providers that do not run a credit check when quoting a policy. Not All Auto Insurance Coverage Includes Your Pet For many, the family dog is just that: family. But dont presume that all insurance companies see it that way. If you travel often with your pet in the car, ask when your policy is written whether their vet bills will be covered in the event of an accident. Red Cars Dont Really Cost More to Insurance Who knows where this old myth got started but its simply not true. Make, model, age, engine size and safety record are the vehicle-specific criteria that go into calculating your premium. Some of the Cheapest Auto Insurance Upgrades Are the Most Useful Its so easy to get caught up in saving money that sometimes you just say no, thank you to every additional coverage your agent tries to offer you. But some of this stuff is not really an upsellits useful coverage at rock bottom prices. Here are a few affordable upgrades every driver should add to their policy: - Gap coverage - Roadside assistance and towing - Rental reimbursement - Uninsured motorist coverage Auto Insurance Monmouth County, NJ John B. Wright Insurance is an independent insurance agency that works for you, not insurance companies. Visit John B. Wright Insurance at 64 Union Avenue, Manasquan, NJ 08736, call 732-223-6611 or visit johnbwright.com to schedule a free consultation and discover the John B. Wright difference for yourself. John B. Wright Agency Inc. 64 Union Ave Manasquan, NJ 08736 (732) 223-6611 http://www.johnbwright.com John B. Wright Agency Inc. is a full service insurance agency located in Manasquan, NJ that offers all forms of Property, Casualty and Life and Health Insurance to business and families throughout the Monmouth County, New Jersey and surrounding areas. These include Home, Boat and Marine, Contractor, Flood as well as other types of insurance. Few businesses face realities as complex and laden with risk as those is marine-related industries. The very nature of working with a force as unpredictable as the sea means you could lose everything with the sinking of a ship or the misfortune of an ill-timed natural disaster. A well-planned marine insurance strategy allows business owners to operate with peace of mind. You want to focus on business strategy, efficiency and growth, not the perils of the ocean. Let these five points serve as confirmation that your shipping, marina, cargo or other maritime business needs to purchase marine insurance, and as a reminder to periodically review your coverage. Marine Insurance Reduces Exposure to Financial Loss Whether youre an exporter who has only received partial payment for your goods or an importer who has paid in full prior to the shipping of your cargo, a great deal of money hangs in the balance while your containers are at sea. Marine insurance allows for the regular operation of your import/export business without having to account for the potential loss of goods at sea. Aside from major disasters, issues with faulty packaging, overloading, inadequate ventilation or poor container choice can all lead to significant damage. Carriers Have Limited Liability By law, carriers are not responsible for many of the most common causes of loss such as acts of God and general average. Additionally, contracts are generally written in such a way to limit liability even further. In the event of lost or damaged cargo, you can only expect to recover pennies on the dollar from a carrier. Marine insurance payout makes up the difference. Contractual Obligation Depending on the nature of your business, you may be legally required to carry marine insurance by virtue of the contracts youve signed into. Non-compliance with the terms and conditions of sales contracts could lead to even greater liabilities and lawsuits in the event of a loss. Expedite the Release of Your Cargo The principle of general average often requires the payment of a cash bond to release your goods even when there is no damage or loss suffered to the cargo. Your marine insurance policy can be written in such a way to push the responsibility of paying the Average Bond on to the insurance company. Take Control of Your Coverage Even in scenarios where your business associates carry insurance it may be advantageous for you to purchase a policy of your own. - Terms and limits of the buyers/sellers policy may not be adequate or suit your needs. - When dealing with international business, filing a claim overseas can lead to delays, complications and headaches due to language/cultural barriers. Marine Insurance Monmouth County, NJ John B. Wright Insurance is an independent insurance agency that works for you, not insurance companies. Visit John B. Wright Insurance at 64 Union Avenue, Manasquan, NJ 08736, call (732) 223-6611 or visit johnbwright.com to schedule a free consultation and discover the John B. Wright difference for yourself. John B. Wright Agency Inc. 64 Union Ave Manasquan, NJ 08736 (732) 223-6611 http://www.johnbwright.com John B. Wright Agency Inc. is a full service insurance agency located in Manasquan, NJ that offers all forms of Property, Casualty and Life and Health Insurance to business and families throughout the Monmouth County, New Jersey and surrounding areas. These include Home, Boat and Marine, Contractor, Flood as well as other types of insurance. Insuring your construction business is crucial for minimizing business risk, securing work and ensuring your business is protected. Here's a brief guide to help you understand the different lines of insurance in a typical contractor's policy. 1. General liability 2. Commercial fire 3. Inland marine 4. Auto 5. Worker's comp This basic guide is intended to provide you with enough of an understanding to have a more meaningful conversation with an insurance agent. If you would like to discuss insurance that is customized to your business, contact John B Wright Insurance, 64 Union Avenue, Manasquan, New Jersey, 08736, call (800) 244-6693 or visit http://www.johnbwright.com. From the local homebuilder and renovation contractor to the heavy construction contractor, they have programs that are tailored to each business. |
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