How Does Umbrella Insurance Work?

You may believe that you have plenty of insurance coverage, especially if you already have insurance policies for your home and auto. The problem is that these insurance policies often don’t include much in the way of liability coverage. Liability coverage is significant for protecting your finances in case there is an accident. It’s a good idea to raise the amount of coverage that you have by getting an umbrella insurance policy. This ensures that you have the amount of coverage that you need for serious accidents. Call us at The Insurance Outfit in Chester, NJ to get your umbrella policy.

Adding to Home and Auto Coverage

With your home and auto policies, each one comes with its own amount of liability coverage. However, this is often a small amount that won’t cover you if there is an expensive accident. Adding more liability insurance onto both of these policies directly can be so expensive as to be unaffordable. The best solution is often to get umbrella insurance instead. Umbrella policies have huge coverage maximums and don’t cost very much. Adding coverage to your home and auto policies with umbrella insurance will cost far less. 

Paying Overages

If you don’t have umbrella insurance and a major accident happens, the home or auto policy will only pay up to its maximum. After that, there may be an overage left that you’re responsible for paying. When you have an umbrella policy, it will pay this overage after the first policy has maxed out. This can save you an enormous amount of money after a serious accident that you are at fault for. 

Get Umbrella Insurance

It would be best to get an umbrella policy when you want better coverage against high liability issues. Call us at The Insurance Outfit in Chester, NJ to get started.

Who should have boat insurance in New Jersey?

If you are in the Chester, NJ area, you will likely know that it can be a fun place to live in the summer. With all of the lakes and waterways in the area, owning a boat can be an excellent investment. When you purchase a boat, having insurance for it should be a necessity. There are various reasons you should get a boat insurance policy if you live in this area.

People Looking to Protect Boat

People will want to have boat insurance to protect their watercraft. If you buy a boat, it will be an essential asset you wish to protect. With a proper boat insurance plan, you will have support and protection against various risks. This includes the risk of it being damaged during an accident or stolen. 

Those Trying to Reduce Risks of Liability Claims

Anyone who uses a boat should be aware that there are risks that come with it. Even if you are careful and experienced, there will be a chance you could make a mistake that leads to an accident. In these situations, you will have to cover any damages you cause. If you have boat insurance, it will offer the additional support you need to reduce this risk, including a provision for liability insurance. 

A boat insurance plan will be necessary if you are a boat owner in the Chester, NJ area. When you want to start looking for a new plan here, it would be a good idea to begin by calling The Insurance Outfit. The team with The Insurance Outfit knows the importance of this coverage and can help you adequately cover your boat. 

Benefits of Disability & Long-Term Care Insurance

Like many people in Chester, NJ, you probably think little about disability or long-term care insurance. But these types of insurance can be essential—especially as you get older. We will examine three critical benefits of disability and long-term care insurance.

1. Financial Protection in the Event of an Accident or Illness

If you cannot work because of an accident or illness, disability insurance can help replace a portion of your lost income. This can be crucial if financial obligations, like a mortgage or car payment, need to be met. Long-term care insurance can also help cover the costs of extended care if you cannot care for yourself because of an illness or injury.

The Insurance Outfit representative can help you understand your policy and coverage options to ensure you get the most out of your insurance.

2. Security for You and Your Family

Disability and long-term care insurance can provide peace of mind for you and your loved ones. If something happens and you’re unable to work or take care of yourself, you’ll know you’re financially protected. And your family won’t have to worry about shouldering the burden of your care.

3. More Affordable Than You Might Think

Disability and long-term care insurance policies are more affordable than you might think—especially if you enroll when you’re young and healthy. The monthly premiums for these policies are often very reasonable, especially when compared to the potential costs of an accident or illness.

Disability and long-term care insurance in Chester, NJ, are two types of coverage that are often overlooked—but they can be essential, especially as you get older. If you’re considering purchasing one of these policies, keep the three benefits we’ve discussed in mind. And if you have questions, reach out to an expert at The Insurance Outfit.

Common Exclusions in Health Insurance Policies

Does your health insurance policy have you fully covered? You may be surprised that several common exclusions in health insurance policies could leave you footing the bill for certain medical expenses. At The Insurance Outfit in Chester, NJ, we want you to understand what your policy covers and doesn’t.

Here are some of the most common exclusions in health insurance policies:

Cosmetic Procedures

It’s no secret that we live in a society that values youth and beauty. Unfortunately, your health insurance policy will not likely cover the cost of any cosmetic procedures you may want to undergo, such as Botox injections or a facelift. These procedures are considered elective and are not medically necessary.

Non-Prescription Drugs

While your insurance will typically cover the cost of prescription drugs, it is unlikely to cover the cost of any over-the-counter (OTC) medications you may need. If you frequently take OTC drugs for a specific condition, consider getting a supplemental policy that covers these costs.

Deliberate Injuries

If you intentionally injure yourself, your health insurance will not cover the cost of your medical treatment. This includes injuries sustained in a fight or while participating in a dangerous activity. If you are injured due to someone else’s deliberate actions, you may be covered under your policy’s personal liability coverage.

Pre-Existing Diseases (PED)

A pre-existing disease is any condition you have been diagnosed with or treated for before your health insurance policy went into effect. Many policies will not cover treatment for PEDs or may only cover them up to a certain dollar amount. If you have a PED, consider getting a supplemental policy that covers the cost of its treatment.

Get The Right Coverage and Peace of Mind in Chester, NJ

No one wants to find out that their health insurance policy doesn’t cover something they need. At The Insurance Outfit in Chester, NJ, we can help you make sure you have the right coverage for your needs. We offer various health insurance policies and can help you find the one that’s right for you. Contact us today to learn more!

Why do you need commercial insurance in Chester?

Owning a business can be a dream for many in the Chester, NJ area. If you want to start a business, you will find plenty of advantages. However, there are always risks with owning and running a business. Getting insurance for your business is a great way to offset some of these risks. You will need a commercial insurance plan here for a few reasons. 

Meet Insurance Obligations

A reason that many business owners here will need to have a commercial insurance plan is so they can meet their insurance obligations. There are always insurance requirements for small business owners. If you have taken out a loan, hired employees, or even rent a place of business, you likely will be obligated by some party or a government body to have some type and level of commercial insurance. 

Protect Your Company

It would be best if you maintained a commercial insurance plan to protect your company. If you start any type of business, it will take a lot of work and investment to grow it into a sizable organization. The best way to protect the future of your business and investment is by getting a commercial insurance policy. This type of insurance will provide valuable commercial liability support and give appropriate coverage for your business’s assets.

Any business owner in the Chester, NJ area will want to know that they are appropriately protected with insurance. If you are in this part of the state and want more guidance, it would be helpful to call The Insurance Outfit. The professionals with The Insurance Outfit will give you the support you need to build a plan that mitigates your risks and meets your needs. 

Is term life insurance a good way to make sure my kids will be able to pay for college?

One of the biggest financial concerns for parents in Chester, NJ is how they will cover the cost of their children’s education. There are many ways to save for college, but one option that is sometimes overlooked is term life insurance. Term life insurance from The Insurance Outfit can help pay for college costs in the event of an unexpected death.

What is Term Life Insurance?

Term life insurance is a type of insurance that provides coverage for a set period, typically 10-20 years. If the policyholder dies during the policy’s term, the beneficiaries will receive a death benefit payment. If the policyholder does not die during the term, then there is no death benefit, and the policy simply expires.

How Can Term Life Insurance Be Used to Cover College Costs?

One way to use term life insurance to cover college costs is to purchase a policy with your child as the beneficiary. If you die while your child is still in college, the death benefit will be paid out and can be used to cover expenses such as tuition, room and board, books, and other fees.

Another way to use term life insurance to help pay for college is to purchase a policy for yourself and name your child as the owner. This arrangement is often used when the child is still young and the parent wants to lock in lower premiums. The child can cash in the policy when ready to start college.

Term life insurance can be an effective strategy in certain situations. If you live near Chester, NJ, contact The Insurance Outfit for more information.

When Should You Consider Purchasing a Separate Jewelry Insurance Policy?

Your home insurance policy typically covers limited amounts of jewelry. However, there are times when you should consider purchasing a separate jewelry insurance policy instead of relying on your home insurance policy to protect your jewelry. The team at The Insurance Outfit, serving the greater Chester, NJ area, is often asked when someone should consider purchasing a separate jewelry insurance policy. Read on to learn more. 

You Do Not Have a Home Insurance Policy

If you do not have a home insurance policy, you should consider purchasing a jewelry insurance policy to cover your jewelry. This helps cover your jewelry if you are in a rental home, living in someone else’s house, like a boyfriend, or while traveling. 

The Jewelry Exceeds Your Home Insurance Policy Limits

Another reason you may wish to purchase a separate jewelry insurance policy is that the value of your jewelry exceeds your home insurance policy limits. Always read your home insurance policy limits to find out how much coverage you have for your jewelry.  

You Have Irreplaceable or Expensive Jewelry

Lastly, you should consider purchasing a separate jewelry insurance policy if you have irreplaceable or expensive jewelry. Jewelry insurance policies make it easier to list individual jewelry values, which is much harder to do with home insurance. This helps you when it comes to valuing your irreplaceable and expensive jewelry. 

If you have expensive or irreplaceable jewelry pieces, you may consider purchasing a separate jewelry insurance policy to fully cover and protect your expensive jewelry. The Insurance Outfit, serving the greater Chester, NJ area, can help if you are looking for a jewelry insurance policy. Reach out to us today to get started. 

Five Myths About Auto Insurance Debunked!

Unfortunately, the average American does not think much about their auto insurance until they need it. It is even sadder that so many myths about auto insurance circulating can cause people to make poor decisions about their coverage. This blog post will debunk five of the most common myths about auto insurance. After reading this post, you will have the knowledge you need to make informed decisions about your coverage.

Myth 1: The Color of Your Car Affects Your Premium

This is one of the most persistent myths about auto insurance. The truth is, the color of your car has no bearing on your premium. Insurance companies consider various factors when setting premiums, including the make and model of your vehicle, your driving history, and the amount of coverage you need.

Myth 2: All Policies Cover the Same Things

This is not true. Insurance policies can vary widely in terms of the coverage they provide. It is essential to read your policy carefully and understand what is and is not covered. If you have questions about your coverage, ask your insurance agent.

Myth 3: Your Insurance Company Will Pay for All of Your Damages

This is another myth that can lead to disappointment. While your insurance company will pay for some of the damages caused by the accident, you will likely have to pay a deductible before they start coverage. Additionally, most policies limit the amount of money paid for each type of damage.

Myth 4: You Don’t Need Collision Coverage if Your Car is Old

Another common myth is that you don’t need collision coverage if your car is old. The truth is that collision coverage can be beneficial even if your vehicle is not worth much. This coverage can help to pay for repairs or replacement of your car if it is damaged in an accident.

Myth 5: Your State’s Minimum Coverage is All You Need

This is a myth that can be dangerous. While your state’s minimum coverage may meet the legal requirements, it may not be enough to cover all of the damages caused by an accident. It is important to consider your needs and choose a policy that provides adequate coverage.

Auto insurance is an integral part of owning a car. Understanding the myths about auto insurance is vital to make informed decisions about your coverage. The Insurance Outfit can help you find the right policy for your needs in Chester, NJ. Give us a call today to learn more.

What is ATV Insurance?

Insurance coverage in Chester, NJ is for more than your car, truck, or SUV. You can insure your all-terrain vehicle or ATV. Like your other vehicles, your ATV needs to be insured to protect you from liability if you damage someone else’s property or injure another person while operating your ATV.

Understanding ATV Insurance

ATV insurance is like auto insurance because it provides protection against property damage and bodily injury liability. You need a separate policy for your ATV because your standard auto insurance policy does not cover it. Also, your homeowner’s insurance does not cover damage to your ATV or personal liability arising from its use.

A representative from The Insurance Outfit can help you understand your options and find the right coverage for your needs and budget.

Different ATV Insurance Coverage

There are many forms of ATV insurance coverage, and the one you need depends on how you use your ATV. If you only ride your ATV on your property, you may only require liability coverage. If you take your ATV off-road, you may need collision and comprehensive coverage to protect your ATV in case it is damaged or stolen.

Other coverage considerations include loss of use, engine and gearbox protection, zero depreciation, and third-party liability.

  • Loss of Use – This coverage pays for the rental of a replacement ATV if yours is damaged in an accident and is being repaired.
  • Engine and Gearbox Protection – This coverage pays for repairs to your ATV’s engine and gearbox if an accident damages it.
  • Zero Depreciation – This coverage pays for the total cost of repairs to your ATV without deducting depreciation.
  • Third-Party Liability – This coverage pays for damages you cause to another person’s property or injuries you cause while operating your ATV.

The Insurance Outfit offers ATV insurance from leading insurers. We can help you find the right coverage for your needs and budget in Chester, NJ. Contact us today for a free quote.

Planning For An RV Excursion This Summer? Here Is A Safety Checklist

One of the great ways to enjoy summertime in Chester, NJ is to go for an excursion. RVs or recreational vehicles are mobile homes that allow us to enjoy the outdoors without giving up some of the comforts of being at home. RVs come with many modern amenities, and some can even be luxurious. They can either be self-propelled or can be towed. They also differ immensely in size, with some being as spacious as a small house.

Regarding RV excursions, you must ensure your recreational vehicle is safe and fully insured for any eventualities. Here are some valuable tips to help you prepare better for your next excursion.

Check The Electricals

Depending on how your RV is configured, you need to check the batteries, the electrical systems, and the cabling. Since RVs tend to be unused for long periods, some of these components may get damaged and malfunction when you set off on your trip. This check-up should also include an inspection of the engine (if self-propelled) and the generator that supplies power to the appliances.

Check Water System And Plumbing

Most RVs come with a water system to enable the safe operation of sinks, toilets, etc. These are also susceptible to damage. The last thing you want on your road trip is a leaky toilet or malfunctioning sinks. Have these inspected by an expert and change any parts that seem worn out. Do not wait for a part to fail, as this may happen when you are in the middle of your trip.

Check Licenses And Insurance

Despite all of our safeguards, something could still go wrong. This is where RV insurance kicks in. Depending on what kind of policy you take out, RV insurance indemnifies you from damage caused by accidents and other factors. These incidents could damage the RV or hurt others on the road. It is also essential to ensure that your licenses are all up to date.

Get The Right RV Insurance With The Insurance Outfit

Getting RV insurance with the help of the right insurance agent in Chester, NJ can make all the difference. The Insurance Outfit will help you compare quotes from many different insurance companies quickly and conveniently. This allows you to get the perfect RV insurance for your needs. Contact The Insurance Outfit today for a quote if you need reliable RV insurance before your big trip.