If you live in the Bloomfield, NJ area, owning a car is normally a very good idea as it will make it much more convenient for you to get to and from work, school, and any other daily chores that you have. Before you go out and buy your next car, you should also carefully consider your auto insurance needs. There are several reasons why someone in this area will need to have auto insurance coverage.
One important reason why people in Bloomfield need to have insurance is that it is mandatory under state law. New Jersey drivers need to meet the minimum level of liability insurance whenever they are driving on a public roadway. This will ensure that they are able to pay for damages if they are at fault in a driving accident.
While you are only required by law to carry liability insurance, if you take out a loan to buy your car you are also going to need collision and comprehensive insurance. Since the lender will be taking the car as collateral, they will want you to be fully covered by these policies. This will ensure you receive coverage for virtually any type of situation that could cause a loss.
There is a clear benefit to having auto insurance in place at all times if you are in the Bloomfield, NJ area. When you are looking for your next auto insurance policy, you should call the team at E.S.T.I.R. Inc. When you reach out to these professionals, you can get a lot of great information and advice that will help you get into a great policy. E.S.T.I.R. Inc. can answer any questions you have about any type of coverage that could be included in your policy.
Like many Bloomfield, NJ homeowners, you may have a shed, detached garage, or outbuilding on your property. Any freestanding structure should be protected with a homeowner’s insurance policy in the event of an incident that causes damage or loss, but the policy you currently have on your home may or may not automatically cover them all. Because coverage amounts and exclusions from that coverage may differ, be sure to discuss any freestanding structures when you review your E.S.T.I.R. Inc. Homeowners policy.
Garages, Sheds, and Other Outbuildings and Structures
The most common detached structures found on a typical residential property are garages, sheds, decks, and fencing. While most of these structures are typically covered under the average homeowner’s insurance policy, it is important to check for any limitations of coverage, because not all policies include the same coverage.
Stored Personal Items
Do you know if the personal items you store in your detached structures are covered by your homeowner’s insurance policy? While typical items stored in outbuildings are usually covered, you should review your coverage with your insurance agent, because there may be limitations. For example, there may be a reimbursement limitation in your policy for certain items such as sporting equipment, machinery, marine equipment, or other high-value belongings. You may need to obtain separate coverage for those items, add a rider to your policy, or increase your personal property coverage limits.
Is It Time to Review Your Homeowners Insurance Policy?
Have you built or installed a new deck or shed? If you aren’t sure if your homeowner’s policy covers your freestanding structures and stored personal belongings, it’s time to have your policy reviewed to ensure you have protection for all your property. For answers to all your Bloomfield NJ homeowners insurance questions, give us a call today. Getting the right amount of protection for your home and property is easy with E.S.T.I.R. Inc.