Life Insurance 101
Life insurance can be overwhelming and is not always the most comfortable topic to discuss with your loved ones. You probably have many questions: What type of life insurance coverage should you have? At what age should you get life insurance? How much should you pay for life insurance? What...
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Personal FAQs
Every American has been impacted by the COVID-19. Whether it’s adjusting to new teleworking arrangements, having the children home from school, being furloughed from a job or having to cancel travel plans, the pandemic is changing our lives in many ways. You quite naturally have questions and...
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Home Inventory
In the world of insurance, we unfortunately have to think about worst case scenario… What if your home burns down? Would you be able to remember all the items you need to replace? Simply walk through your home with your phone camera and video as much as possible. Zoom in on serial numbers and for...
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Grace Period – Health
On April 9, 2020, Governor Murphy also issued Executive Order No. 123 (“EO 123”). EO 123 directed carriers to refrain from cancelling any policy or contract for nonpayment for a period of time, to exercise appropriate forbearances on collection documentation, to amortize any unpaid payments,...
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Grace Period – Life
Currently, traditional life insurance policies include a grace period of not less than 30 days, and in certain circumstances for account value life insurance policies not less than 60 days. In response to the disruption caused by COVID-19, the Department is directing all licensed life insurers to...
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Workers Compensation Relief
The Commissioner of Banking and Insurance has approved amendments to the New Jersey Workers Compensation and Employers Liability Insurance Manual (Manual) to address how certain payroll, premium, classification, experience rating, and statistical reporting of claim matters should be handled due to...
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Business FAQs
Coronavirus’s impact on business may soon eclipse in severity any previous economic downturn in U.S. history, even the Great Depression. With many firms shuttered and workers furloughed, business owners quite naturally are concerned about whether their insurance covers COVID-19 claims. In...
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Grace Period – P&C
On March 9, 2020, Governor Phil Murphy declared a state of emergency and public health emergency through the issuance of Exec. Order No. 103 (March 21, 2020) ___ N.J.R. ___ (“EO 103”) to contain the spread of the Coronavirus (“COVID-19”) pandemic. Governor Murphy later directed New Jersey...
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