Do Motorcycles Really Need Liability?

You love your bike. You take it as often as you can. The roads of Mt. Ephraim, NJ, are your playground. Unfortunately, the fun of your bike comes with extra responsibilities — like insurance. You might wonder if the small, light bike you drive is really a liability threat. So, to address those concerns, Marino Agency Inc. is here to explain the necessities of liability coverage.

Requirements Vary By State

Vehicle insurance is governed by state law, so changing states changes the legal requirements. Drivers in Mt. Ephraim, NJ, will have minimum coverage requirements for bodily injury and personal property damage. These both fall under the umbrella term of “liability,” and unless you have adequate coverage, you can’t register your motorcycle. Curiously, there are a few states in the country that don’t have these requirements. But, while you can register your motorcycle in states like Florida and Washington without proof of insurance, they still have specific requirements for you to ride legally.

You Need it Regardless

The big thing to remember is that state laws don’t determine what kind of coverage is sensible. They only set minimums. The truth is that motorcycles are at a lower overall risk of harming others or damaging their property. Cars are bigger, heavier and less agile, and all of that makes them require more liability. That said, motorcycles are not fully exempt from risk. The type of motorcycle you own and how you drive it can seriously impact how much damage your bike can cause in a worst-case scenario. You know the old saying about riders and ditching their bikes. Imagine if your ditched bike could cause a wreck in the middle of traffic.

The best way to really determine how much liability you need is to talk with an expert. Your Marino Agency Inc. representative can help you see the true level of risk to you and your bike and help you see reasonable options that leave you protected.

 

The Importance of Your Annual Health Exam

Does an ounce of prevention equal a pound of cure?

The Marino Agency Inc., serving Mt. Ephraim, NJ, would like to say that it is here for all your healthcare needs. As the CDC states, submitting to an annual physical can help you and your primary care physician catch problems when they are small and can be more easily treated.

If you are young and seem to be in good shape, you may not think you need an annual physical. This attitude is understandable. People are busy and a yearly exam can take the better part of a day. However, quite a few diseases can start unobtrusively, without presenting any symptoms. Cancer is one prominent example. Health care professionals divide cancer by stages, stage one being the least severe and most easily treatable, and stages three or four being the most serious and often most fatal.

Another example of a disease that can be caught early is cardiovascular disease. Most people think that the first sign of something wrong with their heart consists of pain in the chest or being chronically out of breath. In fact, your heart can start having problems long before physical symptoms manifest.

High blood pressure is often present without any symptoms whatsoever. The first indication that your blood pressure is a little high can be a heart attack or stroke that it causes. So, by all means, go to your doctor and have the exam. People who have regular checkups tend to have longer, healthier lives which are altogether a good thing.

For any further questions you have about health insurance, feel free to contact the Marino Agency Inc. serving Mt. Ephraim, NJ.

3 Questions You Need to Answer Before Purchasing Flood Insurance

If you live in Mt. Ephraim, NJ, you can get quotes for flood insurance from Marino Agency Inc. to protect your assets from damage by floods. Our agents will help you analyze the risks and determine the amount of flood insurance you need. It is wise to purchase flood insurance even if you do not live in high-risk areas.

Do You Need Flood Insurance

Why Do I Need Flood Insurance?

You need to understand the importance of flood insurance before you purchase it. That way, you will appreciate its importance. According to the federal government, a flood is the most common natural disaster. Flood insurance offers you protection from water damage and other damages that may be caused by floods. Floods can happen anywhere, and homeowners insurance does not offer protection for it. It is, therefore, a good idea to purchase flood insurance.

Doesn’t Federal Disaster Assistance Offer Compensation For Flood Damage?

The Federal Disaster Assistance can help pay for flood damage only if the event is declared a natural disaster. This does not happen very often. Almost all flood disasters are not declared natural disasters. This means that homeowners have to pay from their own pockets. If you have flood insurance, you will get compensation for the cost of your building structures and contents whether or not the event is a natural disaster.

Is Flood Insurance Necessary For Renters?

Even if you are renting a home, you may still need flood insurance to protect your personal property. It can help you pay for the costs of alternative accommodations if your rented property is being repaired.

Contact Marino Agency Inc. in Mt. Ephraim, NJ for your flood insurance quotes. Our agents are ready to answer your questions and help you get started on a policy.

When Should I Get Condo Insurance?

Buying a condo is an excellent way for anyone to enter the real estate market or to downsize into a property that does not have as much maintenance responsibilities. When you are looking to purchase a condo, you need to make sure that you consider all of your insurance options and necessities. For those that are looking to purchase a condo, getting the right kind of insurance in place is extremely important.

As Soon as You Buy a Condo

When you purchase a condo, you should have your condo insurance in place as soon as you purchase your new home. Condo insurance provides you with very valuable insurance coverage. The typical policy will provide you with coverage for liability, property coverage, and other types of damage. If you do not have coverage in place the day that you buy the condo, you could incur a financial loss if an event takes place that would typically require you to make a claim.

Mortgage and Association Requirements

While it is vital to have condo insurance in place as soon as you buy the property, you should also make sure you assess all of your needs and requirements. When you purchase a condo, there will likely be base insurance requirements set forth by your mortgage lender and your association. Making sure you stay compliant with both of these is essential.

If you are looking to buy a condo, you should contact the Marino Agency Inc. This company will be able to help people in the Mt. Ephraim, NJ area better assess their condo insurance needs. When you meet with Marino Agency Inc., you can ask any question you want and will be assured that you will get into a condo policy that works for your personal insurance situation in Mt. Ephraim, NJ.

What Does Boat Insurance Cover?

At the Marino Agency Inc. in Mt. Ephraim, NJ, we know that no matter how much you enjoy boating, it’s always a much better experience if you have the peace of mind of knowing your property and your passengers are protected whether you are on the water, or docked.

Our independent agents can help you protect both your boat and your family with the right insurance policy for your watercraft.

What Does Boat Insurance Cover?

While the state of New Jersey doesn’t require recreational boaters to purchase boat insurance, it’s good to know you’re covered in the event of an emergency. Watercraft insurance can help protect you in the event you are involved in an accident while boating. This type of insurance can help with repair costs, help you avoid personal liability for the safety of others, and even help cover the costs of items inside the boat that become damaged.

Different Types of Watercraft Policies

  • Liability: You can choose to add liability coverage to help cover any repairs to your boat or injuries to others if you are found at fault in a boating accident.
  • Medical: If you add medical coverage, both you and your passengers will be covered for any medical treatments associated with a boating accident.
  • Physical damage: Physical damage coverage is a policy which will help pay for any repairs to your boat suffered in the event of an accident, theft, or other covered incidents. These incidents will be outlined in the policy.
  • Uninsured or underinsured: Much like uninsured or underinsured motorist coverage, this type of coverage will protect you in the event you have an accident with a boater who is not covered—or does not have enough coverage.
  • Fuel cleanup and wreckage removal: Cleanup and removal policies help you with any costs associated with a cleanup after a covered boating incident. Again, the policy will outline these covered incidents.
  • Towing and emergency assistance: Again, much like your auto policy, towing, and emergency assistance coverage will help you if you get stranded.
  • Unattached equipment: With unattached equipment coverage, items like water skis, anchors, and more will be covered if damaged or stolen.
  • Personal effects: You can also choose to add a policy which will cover any personal items you have on the boat, in the event they are damaged or stolen.

With the right policy, you can cruise easy out on the water! If you’re interested in boat insurance in New Jersey, contact us at Marino Agency Inc. in Mt. Ephraim, NJ today!

Do You Need to Re-Evaluate Your Life Insurance Annually?

Life is consistently changing in the Mt. Ephraim, NJ area, and so does your life insurance needs. Like any investment, you want to give your life insurance some attention once a year to ensure it fits your current needs and to make certain your premium is at the lowest cost. 

Here are a few items to evaluate:

  • Your job status – changes like a promotion or demotion, a pay raise or pay cut can make a difference in the amount of life insurance you need. If your income has changed, then your life insurance may need to change. If your retirement date has shifted, then you also may want to change the policy term.
  • If your home mortgage has been a factor in your life insurance, then any changes to your mortgage need to be assessed. Maybe you’ve paid off your home, or perhaps you have a new vacation home. These items should factor into your life insurance.
  • Changes to your health need to be reported. If you’ve lost weight, reduced your cholesterol, or stopped smoking, these are all things you want to communicate. If you’ve had a chronic illness that has stabilized or you’ve been diagnosed with an illness, it’s time to re-evaluate your policy.
  • When you review your life insurance for the year and report any changes, it’s also a great time to explore life insurance policies for the best possible rate. Competition can lead to similar coverage at a lower rate.

Contact Marino Agency Inc.

The Marino Agency Inc. has been providing life insurance in the Mt. Ephraim, NJ area for over thirty years. Contact an experienced Marino Agency Inc. agent today to have your life insurance needs evaluated or to look into a new policy to protect your family.

Top 5 Mistakes to Avoid when Filing a Commercial Insurance Claim

Many business owners make costly mistakes when filing commercial insurance claims. Such mistakes may seem minor but can have serious consequences like delayed settlements or even denial. Here are the top five mistakes to avoid when making a business insurance claim in Mt. Ephraim, NJ:

Failing to Notify Your Insurance Provider Immediately

Immediately after an accident or a covered loss occurs at your business, the first step should be to notify your insurer. This is important for two apparent reasons. First, the insurance adjusters find it easy to assess and adjust the claims since the evidence is still fresh. Often, physical evidence and witness memories fade over time. Secondly, most commercial insurance policies have a condition of timely notice whenever an insured loss occurs, failure to which the claim may be denied.

Poor Documentation

Inconsistent record keeping can delay the processing of your claim. Always record the time, date, and statements of any witnesses or verbal conversations. Keep all the relevant documents in a single file for ease of access. Any emailed documents should also be printed out and filed. When you have verbal conversations with an insurance representative, be sure to send a summary of the conversation on email for recordkeeping purposes. Additionally, you can take as many pictures of the accident scene as possible as a proof of the severity of the loss.

Failing to Retain the Damaged Property

If a fire or other perils damaged property at your business premises, you might be tempted to discard it. Don’t do that. Instead, leave the property in its rusty status until an insurance adjuster has inspected it. However, if the item is insured under the commercial property damage, you’re obligated to protect it from further damage. For instance, if it’s a roof that is damaged by a windstorm, you can protect the building from further water damage by covering the blown part with some tarp or a similar material.

Failing to Notify the Police

Some commercial insurance policies require you to notify the police whenever a covered peril strikes, otherwise you’ll violate the terms of the policy. Read through your policy document to familiarize yourself with all the requirements. Vandalism is generally prohibited by law in New Jersey and every other state. So, most insurers will not take it lightly when you file a claim without first calling the police.

Paying Third-Party Claims from your Pocket

Some business owners are sometimes tempted to compensate third parties who incur minor injuries within their premises out of pocket. This can be a bad idea because of two reasons. First, injuries may seem minor at the time of the accident but can quickly escalate into major complications in the future. Secondly, many commercial insurance policies bar you from voluntarily making payments, incurring expenses, or assuming responsibility without the consent of your insurer. So, making payments to someone who may later file a claim or lawsuit against you will mean that your claim will be denied on the grounds of violation of insurance terms.

Avoid these five mistakes to quicken your insurance claim process. Remember that Marino Agency Inc. and every other insurer will go by the evidence provided on the ground. So, keep your documentation clear and begin the claim process as early as possible when the evidence is still fresh. Marino Agency Inc. provides affordable and effective commercial insurance policies in Mt. Ephraim, NJ and the surrounding areas. Contact us today for a quote.

Lesser Known Reasons to Purchase Renters Insurance

There are many reasons why you should consider purchasing renters insurance if you have not already done so. At Marino Agency Inc., serving the greater Mt. Ephraim, NJ area, we want to educate everyone on the importance of buying this type of insurance plan. As a renter, here are three of the lesser known reasons why you should consider purchasing renters insurance. 

Renters Insurance Covers You if You Are Displaced

If the home you are renting burns to the ground, floods, or becomes uninhabitable, renters insurance pays for you to live elsewhere for a period of time. This helps to ensure that you are not left homeless, couch surfing with friends, or paying for an expensive hotel in the event of an emergency. 

Homeowners Insurance Doesn’t Cover Renters Belongings

The second reason why it is so important to purchase renters insurance is that homeowners insurance does not cover your belongings. Many renters do not realize that they are not covered by the homeowner’s policy of the person they are renting from. If you do not have renters insurance and your belongings are damaged in a fire or stolen, you won’t get reimbursed for the fair market value of those items. 

Renters Insurance Covers Damage You Accidentally Do to the Dwelling

The last reason why renters insurance is so important is that it protects you if you accidentally damage the dwelling. If you accidentally start a fire in a rented home or cause a flood, the homeowner can sue you for the damage done to your home. Renters insurance steps in to financially protect and cover you. 

When you are ready to buy renters insurance in the greater Mt. Ephraim, NJ area, please contact Marino Agency Inc. We can put together a renters insurance policy that offers you all of the protections you need. Call us now to get started and learn more.

Do I need to insure my RV for the entire year if I only use it in the summer?

An RV is a great way to travel around the country while keeping your independence. Many people retire and use their RVs as their primary residence, staying wherever they want for as long as they want. If you only want to use your RV for summer months, you may be trying to find ways to cut expenses.

Seasonal Insurance Policies

As with any other vehicle driven on public roads, all RVs are required to have basic liability insurance. As a resident of Mt. Ephraim, NJ, you may want to travel during the summer to take advantage of the pleasant weather. When you go to Marino Agency Inc. to obtain your policy, you may wish to obtain other types of coverage for the times when your RV is not on the road. It is sometimes possible to have coverage for the times when you will be using your vehicle. If you plan on storing it away for the winter, the plan could possibly be put on hold until the warmer months start to emerge.

Things to remember and requirements that you may need to continue

  • Towable RVs are not driven, so they do not necessarily need to be insured unless they are being financed.
  • If you are financing your RV, it is probably part of the terms of your agreement that you maintain full coverage until you have finished making payments. Your lender may even purchase an expensive policy for you if you fail to do so.
  • Even when you are not driving your RV, it is vulnerable to different kinds of loss. If left outside, your RV could be damaged by storms or vandalism. Even if stored safely in a closed structure, your RV could be destroyed in a fire.

Your RV is one of your most valuable and valued possessions, and it makes sense to protect it. Please contact Marino Agency Inc. in Mt. Ephraim, NJ if you are in or around New Jersey and have any questions about obtaining coverage for your RV.

3 Ways to Protect Your Motorcycle

Protecting something as portable as a motorcycle in Mt. Ephraim, NJ may seem like an exercise in futility, but there are ways that you can bring your odds of theft or damage far lower than you think. Marino Agency Inc. wants to provide these strategies to protect your bike.

Better Parking Strategies 

Motorcycles fit practically anywhere you put them. In fact, they’re a veritable joy to park. But when you take too many liberties with your parking spaces, you may end up sacrificing the safety of your motorcycle. Stay within brightly lit areas, so that you’re less likely to have a problem. You may also want to take an impromptu motorcycle driving class so that you know how to maneuver your bike and learn how to handle it better.

Invest in a Tracker 

GPS tracking devices may have been too large and awkward to put on a motorcycle in the past, but that’s all changed now. Today, they are relatively small and inconspicuous. It is easy to hide them on your bike which will allow you to track your motorcycle in the event of theft.

Consider Your Motorcycle Insurance 

Getting motorcycle insurance protects other drivers from any mistakes you make on the road, but it can also protect your bike as well. From natural weather events to theft and vandalism to just plain bad luck: there are policies that you can get that will make it easier to keep your bike in one piece. Call Marino Agency Inc. if you live near Mt. Ephraim, NJ and need a way to keep your motorcycle safe.