If you would like more information about the sharing economy, particularly ride sharing programs like Lyft and Uber, please check our post
about insurance considerations when driving for a ride share program. Also be sure to call us to check your homeowner insurance policy if you're considering joining a program like Air BNB!
A new law in New Jersey changes how we use Certificates of Insurance and it applies to those who will ask you for them as well. Please review this Q&A to help you understand your rights when faced with unreasonable requests for Certificates.
Certificate of Insurance Q & A
The transcript of an imaginary conversation between you and E & K Agency about a flood policy.
E&K: Are you aware that you don't have any protection for your home and its contents in the event of flood damage?
You: I buy my homeowners insurance from you. Doesn't that cover me for flood?
E&K: No. Nobody's homeowners policy covers damage caused by flood. What you need is a special flood policy to protect your house. And since your community participates in the National Flood Insurance Program (NFIP), you are eligible to purchase this coverage.
You: Why should I buy a policy now? Can't I just order it when the weather turns bad?
E&K: It doesn't work that way. There is a 30-day waiting period before coverage begins, so now is the right time to buy.
You: How much flood insurance should I get?
E&K: The NFIP allows you to purchase up to $250,000 on your home and $100,000 on your contents. A deductible applies. If you want more coverage than this, I can get you the numbers.
You: How much will an NFIP flood policy cost with those limits?
E&K: Your annual rate can be as low as a few hundred dollars or less for lower limits! Your actual cost depends on the location, construction and age of your home. Special lower rates apply to you because participates in the NFIP!
You: Great. How do I sign up for the policy?
E&K: It's easy. Just give me a call at 732-389-6000 or email
Flood insurance policy,
Personal insurance clients often ask us what is a sufficient amount of liability insurance? Here’s an easy, helpful tool to help you figure out the right liability coverage for you.
coverage gap evaluator,