The Importance of Liability Coverage in Renters Insurance for Mt. Ephraim, NJ Residents

As a renter, it’s essential to consider the various risks that could potentially result in unexpected financial losses. While you may not own your property, you still have valuable assets that should be protected. This is where renters insurance comes in. In particular, liability coverage is a critical component of renters insurance that all tenants should consider. Let’s explore the importance of liability coverage in renters insurance for Mt. Ephraim, NJ residents and how Marino Agency Inc. can help you find comprehensive coverage to suit your needs.

Understanding Liability Coverage in Renters Insurance

Liability coverage in renters insurance protects you financially if you are held responsible for damages or injuries that occur on your rental property. For example, suppose a guest slips and falls in your apartment and decides to sue you. In that case, liability coverage can help cover the costs associated with the lawsuit, including legal fees and damages awarded. Without liability coverage, you could be left to pay for these costs out of pocket, which could be financially devastating.

Comprehensive Renters Insurance Coverage from Marino Agency Inc.

We understand the importance of renters insurance for Mt. Ephraim, NJ tenants. That’s why we offer comprehensive renters insurance policies that provide the protection you need. Our policies include liability coverage as a standard component, ensuring that you are protected in the event of unexpected accidents or damages. We can also help you customize your policy to suit your specific needs and lifestyle.

Contact us today to learn more about our renter’s insurance options and to receive a quote. Let us help you protect what matters most.

What Does Condo Insurance Cover?

The agents at the Marino Agency Inc. serving the Mt. Ephraim, NJ area want you to know that even though you are not required to have condo insurance under New Jersey state law, you should have a policy in place. This fact remains true even if your condo association has a property insurance policy in place.

Remember that your condo is more than simply a roof over your head; it is your home, where your heart is. You need to ensure that you have the proper amount of insurance to cover the interior portion of your condo and personal belongings if they are damaged or stolen.

What Does Condo Insurance Cover?

The type of condo insurance that your condo association may have in place will cover mostly the exterior portion of your condominium as well as any common areas throughout the property. These can include recreation rooms, swimming pool areas, and patio areas. It would be best if you still had your condo insurance policy to protect you and your home.

Personal Liability Coverage

Condo insurance includes personal liability coverage, which will come in handy if someone becomes injured while visiting you at your condominium and then takes legal action against you. It can help protect you and your income from lawsuits and hospital bills that can add up quite quickly.

Personal Property

Your condo insurance policy can help replace any lost items inside your condo if a fire or other tragic event occurs. These tragic events can also include natural disasters, acts of vandalism, and even a burglary at your condo. This part of your insurance policy will help you replace any damaged, destroyed, or stolen items, such as your appliances, furniture, and clothing.

Remember that you may need a condo insurance policy if you borrow money from a bank or mortgage lender to purchase your home.

Contact Marino Agency Inc.

The agents at the Marino Agency Inc. serving the Mt. Ephraim, NJ area are ready to assist you with all of your insurance needs and can create a condo insurance policy for you and your home. Call today to get your policy started!

How does motorcycle insurance in New Jersey protect someone?

Owning a motorcycle can be fun for someone in the Mt. Ephraim, NJ area. Not only are these fun to operate, but they are also efficient and give you an excellent way to get around. If you purchase a motorcycle, you need the right insurance. There are various ways this type of coverage can protect you. 

Offers Protection for Motorcycle

One of the ways you can benefit from having motorcycle insurance is that it can ensure you have proper coverage of your asset. Those who are going to purchase a motorcycle will find the cost could be significant. Due to the purchase price and maintenance costs of buying a motorcycle, finding a way to cover this asset is essential. When you get motorcycle insurance, it will provide support to replace this asset when necessary if it is damaged in an accident or stolen. 

Reduce Liability Costs

Getting a motorcycle insurance plan can also be a good idea as it can help reduce your liability costs. If you are ever at fault in an accident when using a motorcycle, you will have to cover the costs of any damages. While this can be expensive, you can reduce the costs by investing in a motorcycle insurance plan. This insurance will provide support for these costs. 

As you are looking to invest in a new motorcycle insurance plan in the Mt. Ephraim, NJ area, you will discover there are many options. When looking for coverage, you should call our team with the Marino Agency Inc. Our professionals at Marino Agency Inc. know how important this coverage is. They will offer any guidance you need to build your next plan. Contact our office for more information.

Health Insurance Coverage for Pre- and Post-Hospitalization Expenses

You have a lot of options when it comes to buying health insurance coverage. There are a variety of coverage types you can consider, including the purchasing of pre and post-hospitalization coverage. The Marino Agency Inc. can help answer questions about these coverage types. if you are ever hospitalized in and around Mt. Ephraim, NJ having this coverage can help for various reasons.

Wider Coverage Net

Pre and post-hospitalization coverage as part of your health insurance will help to make the healthy policy wider in its scope. You will get coverage for your medical expenses that come up during the hospitalization, the costs leading up to hospital admittance, and what comes after the discharge.  

Help With Finances

Any time you face a hospital visit, costs begin to mount. Pre and post-hospitalization coverage can help you where you will have far fewer out-of-pocket expenses after the medical event is over. You do not want to exhaust all of your costs, and when your health policy covers them, it eases the burden on your wallet.

Preparation for Emergencies

You never know when you are going to face a medical emergency. One day you can be in perfect health, and the next, you run into a medical event that lands you in the hospital. Folks in Mt. Ephraim, NJ, and abroad never know what the next day will bring. You want to be prepared and have pre and post-hospitalization coverage; it helps add that extra layer of protection. The protection, the Marino Agency Inc. has found, can lower your stress levels and put you in a better position to handle the financial burdens that hospital visits bring.

Three important reasons why you need flood insurance

Carrying flood insurance is crucial if you live in an area prone to flooding. There are plenty of great reasons to buy flood insurance if you are a homeowner in Mt. Ephraim, NJ. Fortunately, we can supply you with the flood insurance you need at Marino Agency Inc.

The following are three critical reasons why you need flood insurance. 

Flood damage is one of the most common types of home damage in the United States.

Flood damage costs United States property owners around $8 billion annually. Almost every county in the United States has experienced a flood within the last 25 years. This makes flooding a common and costly cause of damage that property owners need to protect themselves against. 

Flood damage can completely destroy a home or make the home uninhabitable.

Homeowners need to realize just how destructive a flood can be. A bad flood could destroy the structure of your home. This is especially true if damage from flooding is combined with damage caused by high winds in the event of a storm.

Flood damage can also render a home inhabitable if it leads to particularly severe water damage. 

Mortgage lenders sometimes require flood insurance.

In many cases, homeowners must buy flood insurance to meet the terms of their mortgage lender. Lenders will require flood coverage for a mortgage on a home in a flood zone. 

When you’re in the market for flood insurance, you can turn to us at Marina Agency Inc. for assistance. We provide flood insurance to homeowners who are located in Mt. Ephraim, NJ. Contact us so that you can research our policy options and get a quote on a flood insurance policy. 

Why Condo Insurance Is So Important

Condo insurance is a must-have type of insurance policy for everyone who owns a condo. Many people don’t think they need condo insurance because they don’t own the entire dwelling. However, condo insurance is specially made for condo owners, so you won’t be paying for any coverage you don’t need for areas you don’t own. If you’re buying a condo, call Marino Agency Inc. in Mt. Ephraim, NJ to learn more. 

Protecting Your Condo

One of the most important reasons that you need to have condo insurance is that it offers coverage for the condo itself. These are not the areas you don’t own, including the outer part of the exterior walls. Your condo policy will be written for the precise areas that you own. It will protect your condo against several different risks that can damage it. When your home is damaged by one of these covered incidents, the policy pays for the damages so they can be repaired. If you went without condo insurance, all the repairs would be yours to pay for. 

Protecting Your Things

Having this coverage is also essential because it protects all of the things inside your condo. This covers them against the destruction of them during a covered event. Imagine what all of your items together would cost to replace. It’s quick to see that you need coverage to get them replaced after a serious incident happens to them. The policy can help you to get your destroyed items replaced. You always need this coverage in case of an event, such as a disaster, that leaves you without anything. 

Get Condo Coverage

When you need to have condo insurance, give us a call at Marino Agency Inc. in Mt. Ephraim, NJ.

Don’t Allow Your Summer Fun to Turn into Disaster – Purchase Boat Insurance

Do you have a boat you enjoy during the summer months? Do you reside in Mt. Ephraim, NJ? If so, the Marino Agency Inc. is the firm to see for a quote on boat insurance.

It is the opinion of insurance professionals that everyone who owns a boat should consider purchasing boat insurance. It can cover the expenses of accidental damage from a collision with another boat, dock, or other watercraft.

The type of boat, its length, and expected use will dictate the boat insurance rates. Whether you own a speed boat, yacht, or small fishing boat, it will significantly affect your premium cost. But on average, boat insurance typically ranges on average from $200 to $500 per year.

How much should a boat be insured for? Whatever it would cost you to replace it with the same quality and kind. This is referred to as “stated value” or “agreed value” coverage. In the event of a total loss, it will pay the full insured amount.

Full coverage boat insurance will provide:

  • Liability coverage is basic coverage that protects anyone your boat could injure.
  • Medical payments will pay for medical expenses that you or any of your passengers onboard could suffer due to an accident.
  • Salvage coverage is also known as wreckage removal. If your boat is totaled in an accident, this coverage will take it away, especially if it is a hazard to navigation.

Accidents can happen on the water as easily as on the road. Don’t allow your summer fun to be halted because of a water mishap. Let the Marino Agency Inc. agents answer any questions you may have about boat insurance and continue your summer fun. Contact them today. You will be glad you did.

The Two Main Types of Life Insurance

When you need life insurance, getting it and keeping it is important. Life insurance can provide a legacy for those left behind when you’re gone. If people depend on you, you need to have this protection, so they are financially protected later on. There are two main types of this insurance, and it’s a good idea to know what each of them is so that you can choose the best one for you. Call us at Marino Agency Inc. in Mt. Ephraim, NJ when you need life insurance.

Term Life Insurance

This is a highly popular type of life insurance that comes with a relatively low price tag. Many choose this type of insurance because it is the most affordable one. If you’re on a tight budget, term life insurance may be right. This insurance stays in effect for a specific amount of time, often 20 or 25 years. The policy remains good during that time and then expires at the end of it. Once that happens, you will need to apply for a new policy to be covered once again. 

Whole Life Insurance

If you don’t want your life insurance to expire, you may want to get a whole life. This type never expires, even if you reach an advanced age. This type of life insurance is more expensive, but it comes with many benefits. In addition to having no expiration date, it also builds an amount you can borrow against. This cash value is a major benefit many people want in a financial emergency. 

Get Your Life Insurance Policy

If you don’t have a life insurance policy in place yet, it’s time to call us at Marino Agency Inc. in Mt. Ephraim, NJ.

Four Add-ons to Consider for Your Commercial Insurance

All businesses in New Jersey must invest in worker’s comp insurance to avoid non-compliance penalties. Besides, you must invest in commercial auto insurance if you have business vehicles. While purchasing the mandatory commercial insurance policies is excellent, you will be putting your Mt. Ephraim, NJ business in jeopardy if you don’t stick your neck out to consider other business insurance policies. Marino Agency Inc. highlights four “add-ons” or “riders” to consider for your commercial insurance policy.

Umbrella Insurance

The general business liability policy is essential but can only do so much when faced with significant liability claims. Consider umbrella insurance to protect your business from substantial legal suits. This coverage takes over from where your conventional liability insurance leaves off. This way, your business assets and savings will be untouched when faced with significant liabilities.

Flood Insurance

Standard business insurance doesn’t protect your business from flood damage. In light of this, invest in flood insurance, primarily if your business is in a flood risk zone. While flood insurance doesn’t prevent floods, it ensures you don’t start from scratch when catastrophes strike.

Cyber liability insurance

Most businesses infusing technology in their operations have exposed them to cyber-attacks. While you can take several measures to cyber-proof your business, invest in cyber liability insurance to cover costs following a cyber attack.

Commercial property insurance

This coverage covers loss or damage to your assets caused by perils like fire, theft, vandalism, etc. This insurance compensates you for the loss, lessening your financial burden after a catastrophe.

Learn more about commercial insurance

Want to know the correct type of commercial insurance suitable for your business? If you are in Mt. Ephraim, NJ, please contact Marino Agency Inc. We will help you understand commercial insurance to make an informed decision when protecting your business.

How Much Renters Insurance Do I Need?

Renters insurance is a worthwhile investment for tenants who want to protect themselves from liability claims and safeguard their assets. While we can all agree that renters insurance is must-have insurance for all tenants, how much is sufficient? You need an adequate amount of renters insurance to ensure you don’t incur unpredicted out-of-pocket costs when accidents happen.  

Not sure how much renters insurance you need? Please follow the following guidelines from Marino Agency Inc. 

How much coverage is enough for my assets?

When purchasing renters insurance for your assets, you should assume the worst-case scenario. Is your renter’s insurance enough to compensate you for the loss if all your assets were stolen or damaged? Always purchase renters insurance adequate to replace all your assets.

To ensure all the assets are covered, conduct a room-from-room inventory count. Assign a value to your assets and send the list to your insurer for coverage.

How much liability coverage do I need?

Renters insurance covers you and your family when accused by others of causing property damage or bodily injury. But how much liability coverage do you need? This is usually a tricky question because you can never know the amount of liability claim you will face.

Typically, most people are comfortable with liability coverage of $100,000. However, if your assets exceed this amount, you should look for liability coverage of about $300,000. But if this is still insufficient, we advise you to purchase umbrella insurance for broader and higher coverage.

Renters insurance in Mt. Ephraim, NJ

Still not sure how much renters insurance you need? We understand. Understanding insurance can sometimes be challenging. However, we won’t let you walk alone — let us be your insurance expert. To learn more about renters insurance and other policies, please call Marino Agency Inc. Better yet, you can visit our Mt. Ephraim, NJ office to chat with one of our agents in person.