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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Why You Should Use A Local Insurance Agent
As a local insurance agent ourselves, we are commonly asked why you should use a local insurance agent. There are many reasons why using a local insurance agent is a great way to go when considering buying or changing insurance providers. But, before answering your question, which this article...
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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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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 – 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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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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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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Mandatory Premium Refunds Credits
On March 9, 2020, Governor Phil Murphy issued Executive Order No. 103, declaring a state of emergency and public health emergency to contain the spread of the Coronavirus (“COVID-19”) pandemic. Exec. Order No. 103 (March 9, 2020), 52 N.J.R. 549(a) (April 6, 2020), (“EO 103”). Governor...
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