Your watercraft is one of the most important investments you’ll ever own. From salt water treks across the open sea to a weekend fishing trip on calm lake waters, every trip you make offers an adventure of a lifetime. However, spending any time on a boat will leave occupants at risk for accidents, collisions, or weather related destruction that may completely ruin your special investment. Before putting your boat out on the water in Chester, NJ, it’s important to understand your individual insurance needs for your watercraft, and whether owning a coverage policy is required by law.

Boat insurance is not required by the State of New Jersey, but it is highly recommended for anyone who intends to be out on the water in their own craft. There are several unique types of boat insurance policies available for all different kinds of individuals, including:

• Agreed Amount Value for repairing or replacing a boat up to a specified amount in the insurance owner’s policy.
• Actual Cash Value Coverage for factoring in the depreciation amount of a boat before repairing or replacing it.
• Replacement Cost Coverage for expenses related to repairing or replacing a boat. Your local insurance agent can help you to decide if this type of coverage is for you.

For more information about the types of boat insurance available to you, reach out to the team members at The Insurance Outfit, your coastal experts on policy for watercraft and beyond. Located in Chester, NJ, The Insurance Outfit has consistently brought the residents of New Jersey some of the most comprehensive boat insurance policies available on the market. Call or visit our office now to learn more about how we can better serve you and start building the perfect boat insurance policy today.

One of the main reasons to have an umbrella policy in Chester, NJ is to protect your assets. It can be impossible to predict whether you might win or lose a lawsuit that comes from an accident at your property or following a car accident, even if you have the best lawyers. You also can’t predict the amount of money that you could be responsible for paying. In order to protect yourself from lawsuits, you need to consider an umbrella policy.

An umbrella policy is a separate insurance policy that will exceed the coverage above and beyond what is typically provided in your auto and home insurance policies. An example of how this policy can protect your assets is as follows. If you have an auto insurance policy that pays out $300,000 for medical expenses but you are sued for $900,000, then you would still have to pay the remaining $600,000. However, if you have an umbrella policy in place, it will cover the rest so you don’t have to pay out of pocket. You can get an umbrella policy with coverage from $1 million to $5 million and possibly more if you have significant assets to protect. An agent at The Insurance Outfit can help you decide how much umbrella insurance is needed to protect your assets.

Umbrella insurance will also help with legal expenses. Since it’s the insurance company’s money at risk when you are sued, with this policy the company will likely want to protect their interest with their own legal team. This can be better than what you could afford on your own, further protecting your money. Assets that can be up for grabs in a lawsuit include your home, vehicles, savings, retirement accounts, and future earnings.

Contact The Insurance Outfit, serving Chester, NJ, to get a quote on an umbrella policy. 

Protecting your family in Chester, NJ should be your top priority. Unfortunately, you never know what could happen. If someone gets hurt or contracts a disease, you need to know that they can get the long-term care that they need.

At The Insurance Outfit, we can help you with disability and long term care insurance products.

How to Protect Your Family

There are a number of ways for you to protect your family. What’s important is that you look at how you’re protected in regards to what could happen. If you hurt yourself and need to go on disability, either temporarily or permanently, how is that going to impact your family?

Having the right disability insurance will provide you with the money to continue living in the way that you have grown accustomed to. It provides you with the peace of mind needed to get you through the year, too.

Go Above and Beyond Medical Coverage

You will find that long term care insurance goes above your medical coverage. Often, medical insurance will only take care of you for a certain number of days in a hospital, nursing home, or rehabilitation program. What happens if you need to be there for weeks, months, or even years? Having the long term care will ensure that you can get the care that you need without worrying about extensive medical bills piling up.

There are plenty of options available for disability and long term insurance for you to explore. By working with an independent insurance agent, you can learn about the options that work best for you and your family. We will tell you the various policies and recommend specific insurance products that fit within your budget.

When you’re in Chester, NJ, you can turn to The Insurance Outfit for help. Contact us today to learn more about a policy that can protect your family.

 

 

Health insurance is something that we can all benefit from greatly. That being said, it is always best to learn just what your policy covers so that you can be sure what you are getting into and what you are going to be able to use your insurance for. For those in the Chester, NJ area, the agents with The Insurance Outfit can help you find the right policy for your needs.

When it comes to health insurance the guidelines for who can be covered by what policy are pretty strict. In order to be on a policy with an adult, you have to be a dependent or a spouse of that adult. This means that if you have a wife and three kids, you can put your wife and three kids on that policy. If you have an adopted child you can put them on your policy, if you have a parent that lives in your home and is legally your dependent, you can put them on your policy. With children, they can stay on the parent’s insurance until they are 26 years old.

Basically, you have to legally be the dependent of the policyholder in order for them to put you on their insurance policy. This is to make sure that people do not add everyone they know just to get a better discount on their insurance. It is important that you take the time to find out just who can be added to your policy before you attempt to add them so that you can make sure you have a legal claim to adding them to your policy. For those in the Chester, NJ area, the agents with The Insurance Outfit can help you to find the right policy for your needs.  

Life insurance policies are important for a number of reasons, and they should be seen as an investment in your future needs. The Insurance Outfit can help you lock in rates now and get coverage at the best time in order to take advantage of the benefits of investing early. 

Life insurance is generally associated with the death benefit for those who want to protect their families financially if they have an accident or sudden health problems. However, life insurance can also be an important investment, especially if someone buys and maintains a policy from a young age. 

While many factors affect a life insurance policy, those who start to pay at a younger age will receive much lower premiums because their risk of dying anytime soon is negligible. Younger people are also at a much lower risk for a number of significant health problems that do not start to develop until middle age and older. By locking in rates on a term policy at a younger age, you will also get much more favorable rate if you start to have children or get married at a later date, which will also increase the price because of dependents. 

It is beneficial to think of the reduced costs associated with getting life insurance early as an investment in your future. Once someone already has a family and children, they may have to put off life insurance due to many other priorities, which can create other problems. 

Talk to an agent about life insurance now

For those who need help with life insurance in the Chester, NJ area, The Insurance Outfit can help develop a policy that is right for you.