Is Boat Insurance Required in New Jersey?

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.

How Umbrella Insurance Protects Your Assets

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. 

Protect Your Family With Disability & Long Term Care Insurance

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.



Does Health Insurance Cover Siblings?

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 as an Investment in Chester, NJ

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. 

When a Customer Slips and Falls: Why You Need Commercial Insurance

Even if a slip and fall injury seems unlikely to happen on the premises of your business, you need to have coverage because this type of accident can occur anytime, anywhere. At The Insurance Outfit, serving Chester, NJ and the surrounding community, we can help you find commercial insurance that meets the needs of your business. It is important to make smart decisions regarding protecting yourself from the financial burden of a slip and fall accident claim.

Accidental Slips and Falls

A slip and fall injury can be caused by any type of hazard, from torn carpeting to a bathroom floor that hasn’t been cleaned properly. The injured person can be a customer or one of your employees. If someone on your premises suffers a slip and fall injury, you could be held liable and therefore need to protect yourself with the right commercial insurance coverage.

Prevention Is Key

It is important to have measures in place to reduce the likelihood of a slip and fall incident. Make sure your employees are trained to report hazards so that they can be quickly resolved. You should also maintain your property on a regular basis. Even when you go the extra mile to keep a slip and fall from occurring, there are unforeseen problems that could arise, resulting in someone suffering an injury on your property.

Contact Us

At The Insurance Outfit, serving Chester, NJ and the surrounding community, we are knowledgeable insurance practitioners and leaders in the insurance industry. We can help you achieve your commercial insurance goals with the coverage you need to protect your business in the event of a slip and fall injury. Our experienced team can help you with any questions you may have. Contact us today at 908-955-7561.

Home Insurance Needs for New Jersey Residents

New Jersey residents appreciate the many great things about their state, which is known affectionately as the “Garden State.” There is the world-famous Jersey Shore to enjoy for a day at the beach. There is the waterfront walkway at the Liberty State Park with its magnificent view of the Statute of Liberty. Commuters use the connection with New York City by going across the George Washington Bridge.

If you have a home or are thinking about buying a home in New Jersey talk to an agent at The Insurance Outfit, serving Chester, NJ and the surrounding area.

Here are some considerations to discuss to make sure your home insurance provides adequate protection:

  • Storms: The most common claims for homes in New Jersey is damage from severe storms. This includes damage from wind, heavy rain, and hail. There is also the possibility of damage from a hurricane and the associated storm surge. You may want to get flood insurance along with home insurance.
  • Falling Trees: Trees may fall due to a storm; however, they can also fall down simply due to age.
  • Domestic Workers: New Jersey law requires all employers to carry workers’ compensation insurance. This applies to domestic workers as well. If you plan to pay someone to help you in the home, talk with your insurance agent to get the proper insurance coverage.
  • Intoxicated Guests: If you like to have parties in your home, this type of insurance claim is a common one. If a guest falls even if it is their own fault, you, as the homeowner, are still responsible.
  • Accidents: Common accidents are people who slip and fall due to ice on the walkways leading up to a home or on the front steps.

Make sure you have adequate insurance coverage for protection against the liability from these five common things and others that you can discuss with your agent. Contact an agent at The Insurance Outfit in Chester, NJ by calling 908-955-7561 or use the convenient online form to get a home insurance quote.

Does my auto insurance cover legal costs if someone sues me after a crash?

Everyone Has to Carry Auto Insurance

Everyone who drives in Chester, NJ is required to carry at least a minimum amount of auto insurance. Failure to carry insurance can result in fines, license suspension, and even criminal charges.

One benefit of the insurance you purchase through The Insurance Outfit or another insurance company is that your policy includes some protection which will help to cover legal costs when you are involved in an accident that ends up in litigation. Attorneys are expensive, and most people are relieved to find that they will get help with legal fees.

Auto Accident Attorneys

If you are the victim in an accident and want to sue someone else, you can hire an attorney who will work on a contingency fee. That means the attorney won’t collect until the case is over and the judgment is collected.

If you are on the other side, you will need to defend yourself in the lawsuit. If you hire an attorney yourself, that lawyer will likely charge by the hour. Attorneys often charge hundreds of dollars an hour.

What Insurance Actually Covers

When you are sued, legal representation will be provided for you. Your insurance company may have employees that work for the company, and one may be assigned to your case. If they don’t have attorneys on staff, they will hire an attorney who will defend you in the case. You should check your policy to make sure legal fees and other expenses are covered.

Being the defendant in a lawsuit is stressful, but it’s easier when you know you have someone on your side. If you live in Chester, NJ, make sure you have enough coverage. Call The Insurance Outfit today so we can get you the protection you need.

Why You Should Protect Your Jewelry and Other High-Worth Items with Jewelry Insurance

If you are a resident in the greater Chester, NJ area, it may be time to check your homeowner’s insurance policy to make sure it provides all of the protection that you need. Typical homeowners policies have value limits on single items. A jewelry insurance policy, sometimes referred to as a personal articles policy, can bridge the gap and protect the full value of your jewelry. The team at The Insurance Outfit is here to provide the information that you need to gain a better understanding of jewelry insurance and why you may need to add it to your insurance portfolio. 

Don’t overlook this important type of coverage

Have you reviewed your homeowner’s policy to make sure that the coverage limits are sufficient for your jewelry and other high-worth items? If you want to fully protect your valuables, it is time to take a look at your options for additional insurance and protection. With jewelry insurance, you will have the protection that you need to fully cover your items in the event of loss, theft, or damage. Make sure that your insurance contains all of the features that you want. No one wants to find out that they lack the coverage that they need after the fact! Now is the right time to take a look at the details of your current policy and decide if you need further protection. This is just one reason that we recommend that our clients have their entire insurance portfolio reviewed by a professional agent on a regular basis. 

Do you have pieces of jewelry that require additional insurance coverage in the greater Chester, NJ area? Contact the team at The Insurance Outfit today and find out more about your insurance policy options.

3 Tips for Buying Auto Insurance in Chester NJ

Having Auto Insurance in Chester, NJ is the law. Without it, you could face serious fines and other penalties. After all, don’t you want to protect your asset, yourself, your passengers, and others on the road? To do this, and stay within the law, you need to purchase auto insurance.. If you’re concerned about the costs or which policy is right for you, read on to learn about three ways you can save money and find the best policy when purchasing auto insurance.

1. Bundle Your Insurance Policies

When you bundle more than one insurance policy under the same insurance company, you save money on your premiums. Keep this in mind when purchasing auto insurance. Consider bundling your new policy with your existing insurance provider with whom you have other policies, such as homeowner’s insurance, life insurance, umbrella insurance, and more. Otherwise, you can even switch all your policies over to a new insurance company if this will save you money and get you better coverage.

2. Compare Auto Insurance Quotes

It’s always a good idea to go through the fine detail of two or more auto insurance policies to find the right one. A reputable agent can help you do this and lead you toward getting the best policy for the best price.

3. Work with a Reputable Agent

When looking for an auto policy in Chester, NJ, reach out to The Insurance Outfit. The agents are knowledgeable, friendly, and ready to answer all of your questions about purchasing an auto insurance policy. They will help you compare quotes, bundle, and find you the best insurance provider to work with. Reach out today to The Insurance Outfit at 908-955-7561.