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Millions of auto owners are involved in accidents every year, which can be quite an ordeal. If that weren’t bad enough, auto owners are often stunned to find out that their auto coverage actually may not cover everything they anticipate. For instance, many auto policies will take a deduction for depreciation–even if the car is brand new and is involved in an accident while driving off the dealer’s lot!
“Too often, the importance of having the right insurance is not realized until a loss occurs, and consumers are left paying more than expected for auto repairs,” said Sol Ilowitz from the Prime Insurance Agency. “There are many unexpected out-of-pocket expenses that consumers need to be aware of, because all insurers are certainly not the same.”
Below are some questions you should ask before purchasing auto insurance:
• If your new car is damaged beyond repair, will your auto insurer replace the vehicle with a new one, or take a deduction for depreciation?
• If your older auto is involved in an accident, will your auto insurer replace items like
tires, batteries, steering and electrical wiring components in full, without taking a deduction for depreciation?
• If you have an accident while driving a rental car and it needs repair work, will your auto insurance pay the rental agency’s expenses for daily loss of rental income while the auto is out of service? Will it pay for the towing, storage and administrative costs the rental company may incur?
“Consumers are often surprised to find out that their insurers deduct for depreciation when settling both total and partial loss claims on their brand new owned vehicles,” said Ilowitz. “Customers may also get bills from a rental-car company for the company’s business losses, and are unhappy to discover that their auto insurance does not reimburse for these expenses. By asking questions before the loss, the customer has the option to either accept limited coverage or secure a more complete policy.”
For a better understanding of the level of insurance that’s right for you, contact Sol Ilowitz
at the Prime Insurance Agency by calling 888-505-7746 or visit the agency at 960 E
County Line Road, Lakewood N.J. 08701
The office is unusually quiet. Your co-workers have fled for vacation. What would go better with your leftover turkey and gift box remnants than to review your current insurance policies? A very responsible way to begin the new year is to contact Prime Insurance Agency for a FREE review of your insurance policies. So don’t waste time calling different insurance companies for insurance quotes. Call Prime Insurance Agency today. They are located in Lakewood NJ and now operating in 8 states and growing. They are knowledgeable, have fantastic service and are very competitive in pricing. They have a team that is second to none. What have you got to lose? Call them at 888-505-7746 for a free quote consultation – you’ll be glad you did! Don’t forget to use this time wisely, before your co-workers get back and the office starts to get busy again! Check out Prime Insurance Agency today!
Car insurance is a necessity — and in most states, it’s the law. When shopping for home insurance, there is much more to consider than how much your coverage will cost. You can now bundle your Auto and Home Insurance with Prime Insurance Agency for amazing savings. Prime Insurance is contracted with many insurance companies and will tailor the policy as per your needs for very competitive rates. Now you can have the peace of mind as you protect your home, and you can be assured that your car will be protected too - at great rates! For Home Insurance you need the proper level of protection, plus special provisions for valuables such as jewelry, your computer equipment and other possessions. You might also need additional coverage for such things as water backup or flooding. An auto insurance policy is comprised of six different kinds of coverage. With Prime Insurance Agency, you don’t have to worry. With so many options of carriers available, we are able to focus on your specific auto and home insurance needs and deliver pricing options for your budget. Prime Insurance Agency, located in Lakewood NJ is now operating in 8 states and growing. They have a team that is second to none. We strongly suggest you call them now @ 888 505 7746 or visit them on the web www.primeins.com Call them and you’ll be glad you did.
A decade ago the term “ vacant properties” generally meant tumbledown buildings and polluted brownfields that pose a public hazard – or at best, under performing “ grayfields” properties with a few tenants hanging by a thread as vandals gain the upper hand. Today – thanks to recession and a battered commercial real estate (CRE) market – vacant property more often involves valuable, often prime real estate assets that need protection until new or replacement tenants are found.
This year, the CRE market is showing some life – sales rose 30% in Q1 2011 vs. Q1 2010. But the long road to recovery remains mostly in front of us. In the meantime, developers, property managers, and CRE risk managers must focus on protecting the full value of their assets through a lengthened real estate sales cycle. And that full value can be significant. Many of these vacant properties are newer, high-quality structures equipped with state-of-the-art fire control systems and supervised daily by security patrols. These maybe also be brand-new buildings built on spec whose developers find it difficult to attract buyers.
Prime Insurance Agency has developed a very competitive insurance program for vacant properties – be it a vacant home or a large commercial vacant real estate building. Please contact us for a free no obligation quote at 888-505-7746. Ask to speak to Sol.
This is a special message from Prime Insurance Agency Northeast Region is bracing itself what may be a very powerful storm. We strongly suggest to act now to reduce damage later.
1. Install storm shutters.
2.Remove yard debris, like dead tree limbs, that could become flying missiles.
3. Have a safe place to park your cars and/or store your boat.
4. Make sure you, your family, and/or employees know how to shut off utilities.·
5. Back up computer records and store them at least 50 miles offsite.
6. Gather important papers, including inventory lists and insurance information to take with you if you must evacuate the Path of a Hurricane.
7. Avoid the use of elevators.
8. Stay inside and away from windows, skylights and glass doors.
9. Know your community’s evacuation plan and, if asked to evacuate, do so immediately.
10. Avoid washed out and wet roads that can hide downed electrical lines or underlying currents that can carry your vehicle away While we all hope the storm will track further to the east and out to sea.
Prime Insurance Agency is ready to assist you when we’re needed most. If we can do anything to assist you in preparing for this event, please contact us via phone at 732-886-5751 or via email at sales@primeins.com.
Prime Insurance Agency wishes you all the best
As a business owner, you have a lot to worry about. There’s always something to take care of, workers to deal with, and your business will only be as safe as you make it. Whether you own a construction business, deli store, or even a small clothing store, you have to be sure to satisfy your costumers and your workers. The number one factor in keeping your business safe is having the proper coverage. With the so many options available, you have to understand all the different aspects and make sure you’re getting exactly what you need for your particular business.
In general, Business Insurance is a coverage that protects business owners against different kinds of losses, and insures that the company continues to run smoothly. Broken down into specific kinds of possibilities, Business Insurance covers 4 main dangers. Firstly, there’s coverage for the actual property. If anything is to happen to the building/property, or anything in it, Business Insurance insures it. If your refrigeration goes down one day, what will happen with all that spoiled meat? Would your Insurance cover the cost to replace that stock? Secondly, is in case of your business/ company being sued, there’s Liability Insurance. This will protect your business if there is any way you will be liable due to an accident or loss. Next come the people. You and your workers or employers, are what keeps the company rolling, and keeping you all safe is crucial. That’s where Workers Compensation policies, and Health and Life Insurance Policies come in. If anything should happen to any one of your workers, it should not be a problem. Lastly, if there’s any kind of disaster, and your business is wrecked, there’s always a Business Interruption policy. This will either provide earnings, or it will find a place for you to set up your business temporarily. For disasters, such as heavy flooding or hurricanes, there’s always Flood Insurance which you should keep in mind.
Since your costumers have busy lives, too, you want to be able to service them to the best of your ability. Having your business running smoothly will certainly do the trick! By going through all the different options carefully with your Insurance agent, your business should be nice and prepared to face the world!
Prime Insurance Agency
888.505.7746
Being part of the workforce takes a lot of responsibility and obligation on everyone’s part. Every business has its own challenge, and depending on many factors, you have to be sure to get the best Workers Compensation Insurance available to fit your specific needs. Workers Compensation usually covers expenses due to accidents, violence, or natural disaster that occurs on the job. Employees that are injured on the job, no matter whose fault it was, get the full benefits. The question is: who qualifies for Workers’ Comp.? Most states require any business with employee to have Workers Compensation. But in many states, business owners, unpaid volunteers, and independent contractors are excused.
There can be serious penalties to any business that doesn’t have proper Workers Compensation coverage. Of course the rates of Workers Compensation Insurance can vary depending on what kind of business you have and how good your history is. Especially if a particular business is more risky, you can expect higher rates. When and if accidents do occur, you must realize how they will affect your premium. Also, when figuring out the experience modification, the severity of the injuries doesn’t matter as much as how often the injury occurs. If your Workers Compensation Insurance is becoming a big cost, than you may be paying too much, and you should find out how you can lower your premium.
A smart idea for all business owners would be to go the extra mile and try to prevent accidents and injuries from happening in the first place. Read up on smart ways to prevent injury and educate your employees on how they too can help in keeping everyone safe. Plus business owners should check that their employees are generally healthy, because their absence or higher healthcare costs can affect your premium.
If ever, be sure to have your claim handled promptly and correctly. While the actual claim is important, the way it is handled, is even more. So check with your Insurance Company and make sure to take all of this into account, in order to have a safe and productive working environment.
Prime Insurance Agency
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