Life Insurance Options for New Jersey Residents

Do you want to save your loved ones from financial hurdles upon your unexpected demise? If yes, consider life insurance from Marino Agency Inc. Life insurance is a financial tool that cushions your family and loved ones in Mt. Ephraim, NJ, when you pass away. Besides, life insurance is ideal if you have debts, own a business, or are a stay-at-home parent.

As you can see, life insurance is a worthwhile investment to protect the things that matter most in life.   However, to note is that life insurance comes with different options to enable you to choose a plan that meets your financial objectives. Here are different life insurance options available. 

  • Term life insurance: It’s a policy specified for a given period or duration, probably between 10 or 30 years. It does not have cash value as whole life insurance. It’s designed to accord your beneficiaries a death benefit if your death occurs when your policy is active.
  • Whole life or permanent life insurance: It’s tailored to cover the policyholder for an entire lifetime — it doesn’t expire as long as you pay premiums. Whole life insurance not only protects your beneficiaries when you die, but it accumulates cash value that you can use to supplement your income when alive.
  • Universal life insurance: This coverage accumulates a cash value, just like whole life insurance. Your premiums are destined towards the cash value as well as a death benefit. You can adjust the death benefits and premium within this policy without getting a new policy.
  • Variable universal insurance: The policy bearer is at liberty to invest the policy’s cash value to generate greater returns. Also, this policy allows flexible payment of premiums.

Are you a Mt. Ephraim, NJ resident shopping for a life insurance plan to protect what matters most in life? If yes, please visit our dedicated agents at Marino Agency Inc. today to get coverage that fits in your financial plan.

Who needs to have life insurance?

All insurance is protection, but life insurance is one that doesn’t benefit you, it benefits your loved ones. Even though your name may be on the policy, you have it to protect others. Just about everyone should consider the benefits of life insurance. At Marino Agency Inc. in New Jersey, we are independent insurance agents, which means we can offer you more choices. 

When you are young and don’t have any dependents, it may seem like a waste of money to buy life insurance. It is actually the ideal time to add life insurance to your financial planning. It will never be less expensive and you can lock in these low rates for your lifetime. While you may not "need it" at this point, it is a wise financial move to purchase it at this time. 

Once you get into a relationship, you have someone who may be dependent on you. If you decide to start a family, obligations come along with that decision. You need to consider the amount of life insurance you have and whether it is adequate to protect your family if you are not there with your income. To get the amount of life insurance you may need, term life insurance is the option most people choose. It is affordable and it will be gone in your later years when you no longer need it. 

If you don’t have the money to pay for your final expenses, you need to have life insurance. Final expenses have gotten very high in recent years and leaving your family to try to come up with that amount of money is irresponsible. If you haven’t already purchased life insurance, you can still get it even though you are up there in years. Your insurance agent can fill you in on available options.  

Contact Marino Agency Inc. in New Jersey with your life insurance needs. 

Factors that affect your boat insurance rate

Buying a boat is the second largest investment a person can make after buying a house. Therefore, it only makes sense to protect such an investment. While boat insurance is mandatory in many states, this is not the case in New Jersey. 

However, as in many other states, a person can be held liable for damages caused by the owner while operating the boat. It is a wise decision to at least purchase liability insurance. While many homeowners insurance policies provide limited coverage for boats, there are areas that are not covered by this type of insurance, such as incidents related to pollution, salvage, or wreck removal, to name a few.

In addition, boat owners should consider whether they want to purchase diminished value insurance or agreed-value boat insurance. Time value insurance covers the value of the boat at the time of the accident minus its depreciation. With agreed value insurance, on the other hand, the insurer pays out the agreed insured value of the boat, regardless of its depreciation. Marino Agency Inc. in Mt. Ephraim, NJ is a family-owned and operated insurance company, established in 1982. The company caters to various types of insurance, including boat insurance. 

It is important that boat owners understand what factors influence and determine the rate of boat insurance. Different companies use different combinations of these factors to determine whether a person is at high or low risk:

  • The overall condition of the boat
  • Boating education course
  • Additional safety equipment
  • Age of the boat
  • Value of the boat
  • Owner’s age
  • Type of boat
  • Length of the policy
  • Location of the boat, ie. rivers and lakes or the ocean
  • Insurance score

For peace of mind, come by and visit or call Marino Agency Inc. located in Mt. Ephraim, NJ to discuss possible boat insurance coverage.

Why Should I Invest in Life Insurance?

Acquiring Mt. Ephraim, NJ, life insurance is instrumental because it eliminates the chances of your dependents struggling with financial constraints upon your untimely demise. It’s also crucial if you have outstanding debts and a business entity. The life we live today is full of uncertainties, therefore, requiring a formidable contingency plan. Life insurance instills peace of mind by being almost confident that your beneficiaries will continue the quality of life you are accustomed to them while living in case of an unforeseen event like premature death. Are you a Mt. Ephraim, NJ resident in need of life insurance to ensure that your family and loved ones don’t strain financially when you are gone away? Please get in touch with our agents at Marino Agency Inc in designing a spectacular coverage that goes a long way in safeguarding your dependents financially when your untimely death strikes.

Is life insurance a worthwhile asset?

Investing in life insurance is a prudent idea in Mt. Ephraim, NJ because it is beneficial in the following ways:

To cover outstanding debts.

Did you know that your beneficiaries can use savings from your life insurance to offset expenditures such as loans and college education fees for your children? In addition, this policy can get extended on payments of other prevailing debts such as credit card bills or pending car mortgages.

Death benefits are exempted from taxation

Suppose you invest in life insurance and die unexpectedly upon prompt submission of premiums. In that case, your beneficiaries will enjoy the total amount of death benefit without any form of taxation while submitting their file returns.

 Cater to beneficiaries living expenses

Residents of Mt. Ephraim, NJ does not have to worry about those depending on them to undergo any form of financial suffering. They get peace of mind knowing that in case of anything, their living expenses are covered. 

It covers chronic and terminal illnesses

If the insured is diagnosed with a terminal illness and is expected to live for just 12 months, their medical bills are covered under their life insurance. This concern is a great way to show that the insurance company cares for the well-being of its members.

Are you a resident of Mt. Ephraim, NJ searching for salient life insurance to safeguard the future financial goals for your family and loved ones? Please speak to our agents at Marino Agency Inc today and get started with your life insurance.

What Is Business Interruption Insurance?

At the Marino Agency Inc., we are ready to discuss business interruption insurance with business owners as we serve Mt. Ephraim, NJ.  Also called business income coverage, it provides some financial relief for your enterprise if named perils in your policy cause your operations to be temporarily halted.

Why Business Interruption Insurance Is Important

This insurance may be part of your commercial property insurance policy or it may be an endorsement. You may ask,  Why do I need business interruption insurance when I have property insurance?

Well, in the event of a fire or other peril designated by your policy, your insurer covers the loss of only tangible items. So, if you own a restaurant, kitchen equipment, appliances and furniture that are destroyed would be covered. 

Two Specifics of Business Income Coverage 

Business interruption insurance is all about the money that comes in and goes out. This kind of policy helps you replace the net income you would expect if you were not shut down. It also helps you pay net operating expenses during closure.

Though business interruption insurance can provide income while your business is being restored, it is active only for the perils named in your policy.  An all-risk policy, which covers more perils (except those excluded in writing) may be available.

Business interruption insurance is especially recommended for businesses whose permanent location is vital to generating income. In this category are restaurants, retail stores, hair salons, nail salons, barbershops, etc.

As a family-owned and family-operated business serving Mt. Ephraim, NJ, we treat you like a neighbor. Contact us at the Marino Agency Inc. to discuss how business interruption can make your business operations more secure.

How to Protect Your Belongings as Well as Your Home

If you are a homeowner, you probably already know about home insurance. If you rent your home or apartment in Mt. Ephraim, NJ, you do not purchase home insurance; you purchase renters’ insurance. 

What is Renters’ Insurance?

Renters’ insurance is insurance that you purchase to protect the contents of your home,  not the home itself. The owner of your apartment or house gets homeowners’ insurance. You need rental insurance to protect all of the things you love that would be hard to replace, such as:

  • Expensive clothing, furniture, and appliances
  • Art, hobby items, or family heirlooms
  • Expensive jewelry
  • Keepsakes from your family’s archives such as old videos or audio recordings
  • Electronic equipment, computers, and such
  • Anything of value you don’t want to lose

Granted, if you lost all of the contents of your rental, it would still be devastating. But not as devastating as it would be if you were not covered. You may never be able to replace photos or family keepsakes, but you need to be able to afford to rebuild what you can including the things you have invested the most money in.

Assess Your Valuables

It’s wise to take inventory of your valuables that are in your apartment or rental and research the approximate value of them. Then share this with your insurance agent at Marino Agency Inc. This will give them a good idea of how much overage you need and the types of coverage that will be necessary to protect your stuff.

If you underestimate the amount of coverage you need, you will not be able to cover everything and will still be owing out-of-pocket for what it does not protect. Always err on the side of caution and get more than you think you need, rather than less. 

In the Mt. Ephraim, NJ area, Marino Agency Inc. is the insurance company that has your back. Contact them to find out how you can protect not only your home but what’s in it!

RV Insurance Tips

Owning an RV is no longer just for those who are retiring and wanting to travel the world. Younger people are now hitting the road while living in an RV, especially since this option offers a lower-cost vacation option. However, before heading out on vacation, RV owners in Mt. Ephraim, NJ, should consult with an insurance expert to verify they are fully protected. 

Below are some insurance tips for those looking to travel in their RV. Those needing help with RV insurance coverage can reach out to Marino Agency Inc. to discuss coverage options. 

Get Basic Coverage

It is essential to make sure the RV is insured before going out on an upcoming road trip. Depending on how much the RV is used can affect the amount of insurance needed. Though many other options can benefit an RV owner, at minimum, you should get basic coverage. 

Talk To An Expert

Take some time to speak with an expert about RV insurance options available. Speaking directly with an insurance agent can help determine which policy and options are best for the RV owner’s needs.

Purchase Vacation Liability

Accidents can occur anywhere, and when traveling in an RV, you will be visiting natural areas and campsites. Vacation liability covers you and your family against any property damage at the campsite or surrounding area. It also covers any bodily injury incurred during your vacation. 

Include Trailer, Golf Cart or Toy Insurance

Bringing extra items, such as a trailer, golf cart, ATV, water skis, etc., purchase additional coverage for these items. Likewise, towing these items behind the RV includes extra coverage to protect you if they come loose while driving. 

Getting out in an RV allows Mt. Ephraim, NJ residents have the opportunity to take a vacation with all the comforts of home. When ready to go out in the RV, contact Marino Agency Inc. to discuss insurance coverage options and how to protect yourself while out on the open road. 

Benefits of Getting Motorcycle Insurance

Having a motorcycle comes with its benefits, from its low maintenance costs to the freedom it affords you from cruising to otherwise unreachable destinations. But even with these advantages, none comes close to signing up for motorcycle insurance. Below, Marino Agency Inc. takes you through the benefits of getting motorcycle insurance for your Mt. Ephraim, NJ rides.

Legal Adherence

No matter how much of an adventure seeker you are, staying on the right side of the law is crucial in helping you get a worthwhile experience. Numerous states require motorcycle riders to carry some level of insurance, with liability coverage being an essential safeguard for this. Failure to show proof of insurance could leave you with penalties, with an example of this being license revocation. One way to avoid this is getting motorcycle insurance, ensuring you eliminate such setbacks.

Helps You Cover Your Costs of Injuries and Property Damage

If you are involved in an accident and get hurt, or your bike gets broken, this policy will help you cover the ensuing costs. This can be through policies such as collision coverage, medical payments coverage or uninsured coverage. Depending on your injuries or damages, you are assured of medical costs coverage and any repair or replacement costs arising from an emergency.

Provides Compensation for 3rd Party Injuries and Property Damage

Even with the state being a no-fault state, getting motorcycle insurance will still come in handy during your rides, primarily when you are found liable for an accident. Rather than paying for the costs of 3rd party treatment fees or property damage out of your pocket, motorcycle coverage will help you cater for these expenses. If you are also sued for damages caused or injuries sustained by other parties, motorcycle insurance enables you to pay your legal fees and damages resulting from your lawsuit.

Road accidents can happen at any time, making motorcycle insurance a safety net when you get caught up with unexpected hazards. If you need motorcycle coverage within Mt. Ephraim, NJ, call Marino Agency Inc. today for custom policies made with biking adventures in mind.

Can I Buy Health Insurance on My Own in Mt. Ephraim, NJ?

Navigating the health insurance arena on your own can be tough, especially in New Jersey. Under the Market Preservation Act, all New Jersey residents are required to have health insurance throughout the year (some exemptions available). And if your employer or other insurance providers do not have healthcare options, it can be overwhelming trying to find the right health insurance for you and your family.

At Marino Agency Inc., serving the Mt. Ephraim, NJ area, we take out all the guesswork. So you can focus on doing the things you enjoy while we focus on taking care of you and your health insurance needs.

It can be daunting to try to find the right coverage for you, especially if you have not needed to see a doctor in a long time. But just because you have not needed a doctor does not mean you will never need one. Medical problems and emergencies can strike when you least expect them, and it is good to have a quality health care plan. Otherwise, you could be left paying hefty medical bills, or prescription costs on your own.

We know how stressful it can be to try and keep up with all the changes with health insurance. That is why here at Marino Agency Inc., we are dedicated to helping you. There is no stone left unturned when it comes to finding the right health insurance policy for you. That way you can keep living a healthy life, even when an emergency strikes.

Contact Marino Agency Inc., serving Mt. Ephraim, NJ, to learn more about our services and coverage options. We will gladly answer any health insurance questions you may have and help you find the policy that is right for you.

Understand Flood Insurance Before Catastrophe Strikes

Flooding is one of the most common natural disasters in the United States. Unfortunately, homeowners’ insurance policies do not include flood damage. But that doesn’t mean that you should stay without any protection against flooding. You need to purchase flood insurance to protect your assets.

If you’re buying a new home, first find out if the area is prone to flooding. The National Flood Insurance Program has more information on the most affected areas.

However, even if you don’t live in the most flood-prone areas there is a chance you may experience some loss due to flooding. In fact, about 20 percent of flood claims come from areas with the lowest risk of flooding.

That means you need to prepare in advance in case floods strike. You’ll need to get the best flooding and adequate coverage. If you need flooding insurance quotes in Mt. Ephraim NJ, Marino Agency Inc. is here to help you understand what you need to do before catastrophe strikes.

Facts About Flooding Insurance

Before you purchase flood insurance, the following are some things you should know.

  1. You need to secure a different coverage apart from your homeowners’ insurance. Only a particular flood insurance policy can safeguard your property against flood damage.
  2. In most cases, you need to buy flood insurance from an insurer under contract with FEMA since flood insurance is a preserve of the federal government.
  3. You need separate coverages for your structure and personal belongings. While the building is covered under replacement cost, personal items are only secured through cash value.
  4. Your car is not covered by flood insurance. You’ll need to get its protection under comprehensive auto insurance.

Buy Flood Insurance

Before you purchase a flood insurance policy, you need to understand what it covers exactly. Adequate protection means you live risk-free from dangers posed by floods.

Do you have any questions regarding flood insurance in Mt. Ephraim, NJ. Our Marino Agency Inc. professionals are ready to help you with answers. You can then make an informed decision about buying flood insurance.