Home Insurance Is for Every Home

Posted on by AgentInsure

Homes come in all different shapes, sizes and types. From mobile homes to bungalows, mansions and everything in between, insurance is a must. If you live in or near Bloomfield, NJ, E.S.T.I.R. Inc. has the right home insurance policy for you.

Home Insurance Types for All Domiciles

Do your due diligence when researching home insurance and you’ll find references to HO-1 through HO-8 insurance policies. These distinct home insurance policy forms differ by the type of home, coverage range and whether the policyholder rents or owns.

As an example, HO-1 insurance is the most generalized form of home insurance. This basic insurance policy covers the home’s structure including connected structures such as garages. The policy also covers home features and appliances. However, HO-1 insurance is not applicable to personal property, meaning it isn’t as robust as other options.

HO-3 is another popular form of home insurance as it covers single-family homes. This broad insurance protection covers structures and even belongings, spanning a wide swath of risks.

In contrast, HO-2 insurance provides less financial protection than a HO-3 home insurance policy. At the opposite end of the spectrum is the HO-5 policy that is more comprehensive, providing extensive coverage for single-family homes.

Coverage for Rented Homes, Condos and Mobile Homes

If you rent your home, you should be aware of HO-4 insurance policies. Also referred to as renters insurance, HO-4 policies are applicable to personal property, tenant loss of use and liability. Alternatively, HO-7 home insurance policies are specifically written for mobile homes and manufactured homes, providing coverage for non-permanent living structures. 

Expand your search to insurance for condos and you’ll find HO-6 policies. Such coverage is applicable to interior structures, ranging from condo owners’ personal belongings to the studs.

Get Your Home Insurance Quote Today

Serving Bloomfield, NJ, E.S.T.I.R. Inc. has your home insurance needs covered. Reach out to us today for more information about affordable home insurance policies.

What Is a Certificate of Insurance and Why Do Clients Require Them?

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If you work as a contractor, you’ve probably been asked to provide a certificate of insurance before starting a project. This simple document plays a crucial role in protecting you and your clients, yet many contractors don’t fully understand what it contains or why it’s so important. At E.S.T.I.R. Inc., serving Bloomfield, NJ, we help contractors navigate insurance requirements and ensure they have proper documentation for every job.

What Is a Certificate of Insurance?

A certificate of insurance is a one-page document that summarizes your current insurance coverage. It shows policy numbers, coverage amounts, and effective dates, and identifies your insurance carrier. Think of it as a snapshot of your insurance portfolio that proves you have active coverage. 

Why Clients Require Certificates

Property owners and general contractors request certificates to protect themselves from liability. If an uninsured contractor causes damage or someone gets injured on the job, the property owner could face expensive lawsuits. By requiring proof of insurance, clients ensure that any claims will be handled by your insurance company rather than coming out of their pocket. Many contracts won’t be signed without this documentation.

Additional Insured Requirements

Many certificates include "additional insured" status for the client, which extends your liability coverage to protect them for claims related to your work. This arrangement provides extra security for property owners while keeping your insurance costs reasonable compared to them purchasing separate coverage.

Understanding certificate requirements helps you win more contracts and maintain professional relationships. E.S.T.I.R. Inc. can help you obtain proper coverage and ensure your certificates meet industry standards for every project you pursue. Contact us. We’re currently serving Bloomfield, NJ. 

What Areas of Your Commercial Building Are Covered With Standard Commercial Insurance?

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If you own or manage a commercial building, knowing what your standard commercial insurance policy covers is critical. At E.S.T.I.R. Inc., serving Bloomfield, NJ, we specialize in providing expert advice and guidance on commercial insurance solutions that can help mitigate the costs of liability, lawsuits, and other legal expenses associated with running a business.

What Commercial Insurance Covers

What your commercial insurance policy covers can vary based on the size of your business, your operation, and the coverage you’ve selected. But in most cases, the following are covered:

  • Building structure:
    • Walls, floors, ceiling, roof, and foundation
    • Windows and doors
    • Built-in fixtures, such as HVAC units, electrical systems, and plumbing configurations
  • Permanently installed fixtures, such as:
    • Lighting systems
    • Flooring
    • Office partitions
    • Built-in cabinetry
  • Outdoor features attached to your building, such as:
    • Awnings
    • Signs
    • Exterior lighting
    • Attached utility or storage areas

You can also consider business personal property add-ons to help protect assets in your building, such as inventory and supplies, office furniture, computers and electronics, tools, machinery, and equipment.

Knowing what your commercial insurance policy covers is imperative if you own a commercial building. At E.S.T.I.R. Inc., we help guide our clients by reviewing their existing policies and providing advice regarding add-ons and umbrella insurance, when needed. To learn more about your existing commercial insurance policy and what it covers for your business, contact us. 

Auto Insurance Add-Ons You Need Before a Road Trip

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There’s nothing more exciting than hitting the road with your friends or family for the road trip of a lifetime … that is, until something like car trouble ruins the fun. Insurance add-ons are additional coverage options you can include in your policy to ensure you have the benefits you need. Here are a few to consider adding to your auto insurance before you leave Bloomfield, NJ. 

Roadside Assistance

Most roadside assistance add-ons include various helpful features. This can include helping you change a tire or towing your vehicle to the nearest mechanic if it breaks down. Some policies cover towing your vehicle anywhere you want within a certain number of miles. 

Fuel Delivery

Most roadside assistance packages include fuel delivery, but it’s important to double-check with an agent at E.S.T.I.R. Inc. to make sure. Fuel delivery means that the insurance company will have someone bring you gas instead of you being left stranded or having to walk along a dangerous road. 

Rental Car Coverage

A car accident can be devastating. It also makes it impossible to finish your road trip. If everyone’s fine, there’s no reason you should stop having fun. Ensuring you have rental car coverage means that you’ll be able to get back on the road after a car accident. 

Preparing for a Road Trip

There are a few things you should do before you hit the road, aside from contacting an insurance agent. Double-check your fluids and tire pressure. Make sure anything that was wrong with your car is fixed, even if it’s something that seems small, like an O2 sensor. 

Pack jumper cables, a jack, and a spare tire. Include a first-aid kit. Keep extra snacks and water in the trunk in case you get stranded. 

Agents at E.S.T.I.R. Inc. can help you learn more about add-ons to get before a road trip. Contact us. We’re currently serving the Bloomfield, NJ, area. 

Do You Have Enough Home Insurance? Things To Consider

Posted on by AgentInsure

E.S.T.I.R. Inc., serving Bloomfield, NJ, is an independent insurance agency. We offer our customers more choices from a wide selection of the top insurance providers in the business. Determining what is enough when it comes to home insurance is not an easy task. You need to talk frankly with your insurance agent so that they are aware of all the factors affecting your home insurance. 

Building Coverage

Check the declarations page of your home insurance. Does the valuation of your home make sense? Have you made any major upgrades to your home that have increased its value? Let your insurance agent know what you have done so they can determine if the valuation is correct. 

Contents Coverage

This is usually set at 50% of the value of your home. Only you know if this is the right number. Check if you have replacement cost or actual cash value coverage. Replacement cost coverage will pay to replace your items with new ones, while actual cash value coverage will only pay you for your items’ current value, including depreciation. That may not be enough to make you whole. Make sure you have a rider for any high-value items. 

Liability Coverage

Does the liability coverage you have make you feel safe? If not, it is important to get more coverage or an umbrella policy. Have you added anything that raises your liability, like a dog, a swimming pool, or a trampoline? All of these raise your risk of being sued. 

Loss of Use Coverage

This is a coverage you may never think about, but if something happens to make your home uninhabitable, it will matter very much. It will provide you with a place to stay while things are returning to the way they were before they were damaged.

For help with your home insurance in Bloomfield, NJ, contact E.S.T.I.R. Inc. Our knowledgeable agents can help meet all of your needs. Call us so we can give you the information you need. 

Do You Have Enough Home Insurance? Things To Consider

Posted on by AgentInsure

E.S.T.I.R. Inc., serving Bloomfield, NJ, is an independent insurance agency. We offer our customers more choices from a wide selection of the top insurance providers in the business. Determining what is enough when it comes to home insurance is not an easy task. You need to talk frankly with your insurance agent so that they are aware of all the factors affecting your home insurance. 

Building Coverage

Check the declarations page of your home insurance. Does the valuation of your home make sense? Have you made any major upgrades to your home that have increased its value? Let your insurance agent know what you have done so they can determine if the valuation is correct. 

Contents Coverage

This is usually set at 50% of the value of your home. Only you know if this is the right number. Check if you have replacement cost or actual cash value coverage. Replacement cost coverage will pay to replace your items with new ones, while actual cash value coverage will only pay you for your items’ current value, including depreciation. That may not be enough to make you whole. Make sure you have a rider for any high-value items. 

Liability Coverage

Does the liability coverage you have make you feel safe? If not, it is important to get more coverage or an umbrella policy. Have you added anything that raises your liability, like a dog, a swimming pool, or a trampoline? All of these raise your risk of being sued. 

Loss of Use Coverage

This is a coverage you may never think about, but if something happens to make your home uninhabitable, it will matter very much. It will provide you with a place to stay while things are returning to the way they were before they were damaged.

For help with your home insurance in Bloomfield, NJ, contact E.S.T.I.R. Inc. Our knowledgeable agents can help meet all of your needs. Call us so we can give you the information you need. 

Do You Have Enough Home Insurance? Things To Consider

Posted on by AgentInsure

E.S.T.I.R. Inc., serving Bloomfield, NJ, is an independent insurance agency. We offer our customers more choices from a wide selection of the top insurance providers in the business. Determining what is enough when it comes to home insurance is not an easy task. You need to talk frankly with your insurance agent so that they are aware of all the factors affecting your home insurance. 

Building Coverage

Check the declarations page of your home insurance. Does the valuation of your home make sense? Have you made any major upgrades to your home that have increased its value? Let your insurance agent know what you have done so they can determine if the valuation is correct. 

Contents Coverage

This is usually set at 50% of the value of your home. Only you know if this is the right number. Check if you have replacement cost or actual cash value coverage. Replacement cost coverage will pay to replace your items with new ones, while actual cash value coverage will only pay you for your items’ current value, including depreciation. That may not be enough to make you whole. Make sure you have a rider for any high-value items. 

Liability Coverage

Does the liability coverage you have make you feel safe? If not, it is important to get more coverage or an umbrella policy. Have you added anything that raises your liability, like a dog, a swimming pool, or a trampoline? All of these raise your risk of being sued. 

Loss of Use Coverage

This is a coverage you may never think about, but if something happens to make your home uninhabitable, it will matter very much. It will provide you with a place to stay while things are returning to the way they were before they were damaged.

For help with your home insurance in Bloomfield, NJ, contact E.S.T.I.R. Inc. Our knowledgeable agents can help meet all of your needs. Call us so we can give you the information you need. 

Does Commercial Insurance Cover Medical Bills For People Injured On The Property?

Posted on by AgentInsure

Commercial insurance in Bloomfield, NJ is not legally required in most cases. However, businesses are required to have workers’ compensation and liability insurance, both of which can provide essential protection in the event of an injury.

Workers’ Compensation

Workers’ compensation insurance provides coverage if an employee is injured while at work or on the property. Whether the employee is on the clock determines whether the issue falls under workers’ compensation or liability. Employees who are injured while working can file a claim for workers’ compensation, which may help cover medical bills and lost wages.

It is important to note that workers’ compensation policies may deny certain claims, particularly if the injury is the employee’s fault. For example, if the employee is responsible for their own injury, the employer is not liable for medical bills. An agent at E.S.T.I.R. Inc. can help you understand the specifics of workers’ compensation coverage and how it applies to your business.

Liability Lawsuits

If an employee is injured off the clock or if someone else is injured, the issue falls under liability coverage. Liability policies typically provide coverage for bodily injury, including medical bills, but the injured party must prove that the business was responsible for the injury. For instance, if someone slips on a wet floor that was not marked with a warning sign, liability coverage may apply.

Businesses are not responsible for injuries caused by the individual’s own actions. For example, if someone trips over their untied shoe, the business is not at fault.

Understanding how injury lawsuits and claims work is crucial to avoid settling lawsuits or agreeing to liability for situations that are not your responsibility. An agent at E.S.T.I.R. Inc. can help you navigate this process and ensure your business is protected. Contact us today to learn more. We proudly serve the Bloomfield, NJ area.

What is contractor insurance, and who needs it?

Posted on by AgentInsure

Contractors benefit from specialized insurance designed to meet their unique needs. Like any insurance, contractor insurance is tailored to address the specific risks and situations contractors face. It helps protect their assets, manage risks, and safeguard their financial interests. At E.S.T.I.R. Inc., our Bloomfield, NJ team is dedicated to helping contractors find the right coverage. We aim to answer your questions and guide you toward the insurance policy that fits your needs.

What Is Contractor Insurance, and Who Needs It?

Contractor insurance is a type of commercial or business insurance specifically designed for contractors. It provides protection for financial interests, accidents, property damage, and physical damage. Legal liability is also included in the coverage. This insurance is suitable for contractors of all types, and agents work closely with contractors to create policies that address their specific needs and risks.

Contractors often face high-risk situations and are frequently required to provide proof of insurance before commencing a project. This type of insurance is essential because contractors are exposed to potential risks, including property damage, bodily injury, accidents, and legal issues. For example, construction contractors may have coverage for tools and equipment. Regardless of the type of contractor, the insurance is designed to provide the unique protection required for their work.

At E.S.T.I.R. Inc., our Bloomfield, NJ team is dedicated to helping contractors obtain the necessary coverage. Contact us today to learn more about how we can assist you in protecting your business and assets.

Understanding New Jersey No-Fault Auto Insurance System for New Drivers

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New drivers in Bloomfield may be surprised to learn that the auto insurance system works differently than it does in other U.S. states. New Jersey operates under statewide No-Fault insurance laws, meaning drivers injured in auto accidents use their own insurance to cover related costs, such as medical expenses, regardless of who is at fault in the accident.

No-Fault Auto Insurance Basics for New Drivers in Bloomfield

The No-Fault insurance system simplifies the process for accident victims to receive necessary medical care without delays caused by disputes over costs or legal determinations of fault.

Drivers in New Jersey are also required to have Personal Injury Protection (PIP) coverage, which covers additional expenses and legal claims that may arise from an at-fault accident. Additionally, Bloomfield drivers must maintain adequate liability coverage for property damage or bodily injury claims.

For young and first-time drivers, understanding the complexities of New Jersey’s auto insurance system can feel overwhelming without proper guidance.

The best way to start with a well-structured auto insurance policy that meets your unique driving needs is to consult a trusted local insurance agent, such as those at E.S.T.I.R. Inc. Knowledgeable agents can help you navigate driving rules and regulations for new drivers and provide you with an auto insurance quote.

Get No-Fault Auto Insurance in New Jersey

Starting your first auto insurance policy is easier with the help of professional guidance and support. New drivers looking to learn more about the state’s No-Fault insurance system can get answers to their questions and receive a custom quote. Contact the insurance professionals at E.S.T.I.R. Inc. in Bloomfield today!

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