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Category Archives: New Jersey Insurance

New Jersey Car Insurance

All New Jersey drivers know the Auto insurance landscape in Garden State has drastically changed. Prior to 2009, New Jersey drivers were limited to very few choices when it cam to obtaining liability insurance for you car, truck or SUV. Because of the population areas in the northern part of the state and the coastal risks along its eastern border, insurance companies have very difficult time trying to post a positive underwriting profit. Further, the statutory limitation created by the New Jersey legislature in those days made it even more difficult to correct a carriers rate filing. Most people notice that all auto and homeowners insurance carriers have a different rate. The rates a carrier charges is based on an actuaries finite estimation of how many claims an insurance company will need to pay for in relation to the amount of insurance premium the carrier will collect from it’s customers annual and monthly. These actuaries are highly educated individuals and are very good at what they do. Under normal circumstances, a set of auto insurance or homeowners rates files with the New Jersey Department of Insurance will perform as planned. As I mentioned before New Jersey has 3 issues it must overcome.

Until January 1st 2009, most companies had a difficult time making a profit, because of the changes the New Jersey Department of Banking and Insurance put in place after that date – things have changed for the better. Regardless whether you are purchasing a new auto insurance policy or you are about to renew an existing policy; understanding the coverage required to meet the minimum coverage requirements of the state and what coverages you need to protect your assets are two very different things. And to choose the right coverage for your individual situation, you’ll need to consider a number of issues regarding not only the car you drive, but also when you drive, where you drive, and what additional and optional coverages you may need. Do you rent or own your own home? Do you have assets to protect? Will your own health insurance cover auto accident injuries? How much insurance coverage can you afford? If you have a bank loan on my car, do you need to carry Comprehensive and Collision? These are some of the questions you’ll need to discuss with a licensed insurance agent before making car insurance coverage choices.

In New Jersey:

  • All Insurance Agents, brokers and carriers must tell you about all the coverage options available when applying for a new auto insurance policy. In addition, as an auto insurance client, you have the right to ask the same information during the policy period.
  • You have the right to shop for auto insurance at any time during the policy period. If an agent states you can’t shop during the policy period, this in not the truth. Some Insurance agents may say this to hold on to you as an auto insurance customer. This is also true when your policy is up for renewal.
  • You have the right to change your coverages and policy limits at any time, even if you are not near your renewal date. If you select options that save you money, you have a right to a refund of your unused premium within 60 days.

New Jersey Counties

  • ATLANTIC, NJ
  • BERGEN, NJ
  • BURLINGTON, NJ
  • CAMDEN, NJ County
  • CAPE MAY, NJ
  • CUMBERLAND, NJ
  • ESSEX, NJ County
  • GLOUCESTER, NJ
  • HUDSON, NJ
  • HUNTERDON, NJ
  • MERCER, NJ
  • MIDDLESEX, NJ
  • MONMOUTH, NJ
  • MORRIS, NJ
  • OCEAN, NJ
  • PASSAIC, NJ
  • SALEM, NJ
  • SOMERSET, NJ
  • SUSSEX, NJ
  • UNION, NJ
  • WARREN, NJ

 

InsureDirect.com offices Shake From Earthquake

On Tuesday August 30, 2011,  a strong earthquake rattled the East Coast of the US starting in the State of Virginia. The earthquake was so strong that it could be felt as far as Pennsylvania and inside the corporate offices of InsureDirect.com in Lansdale, PA which is 35 miles northeast of Philadelphia and all the way to Canada. The… Continue Reading

Nationwide Ranks First On Least-Complained Insurers List in New York

As I have made mention on numerous occations, InsureDirect.com represents all 30 Major car insurance carriers marketing auto & homeowners in the United States.  Although we don’t represent Nationwide Insurance Company directly; we represent and market a number of auto insurance carriers which are owned by Nationwide Insurance Company. Nationwide Insurance Company is known as a captive insurance carrier.  Meaning, Property… Continue Reading

Auto & Homeowners Insurance Rates Set to Rise Because of Hurricane Irene

Last week was very difficult for me, my family and my auto & home insurance clients.  So why was it difficult for me and family.  Although I was fortunate to have very little storm damage, I live in Pennsylvania and was stuck without electric for nearly 4 days. The loss of electricity caused us to lose almost $1000.00 in refrigerated and… Continue Reading

Consumer Labels on Health Insurance Plans

Regardless if your business is located in New Jersey, Pennsylvania, Delaware, Maryland, Ohio or anyplace in the US starting next year in 2012, Insurers and employers will have to clearly state the costs and benefits of the health and insurance plans that they are giving out. The U.S. health officials announced this rule only this Wednesday.… Continue Reading

Loophole on Health Insurance Exchanges: Authorities to Act

Although InsureDirect.com primarily focuses it’s marketing efforts on Online/Direct Car Insurance, Commercial Auto Insurance and Homeowners/Renters Insurance Products; as it’s company’s President and Managing Agent, I feel it’s vital I discuss topics which would be of interest to a broader base of insurance buyers.  This article is a perfect example of this.  In the latest… Continue Reading

Auto Insurance Basics for Young Student Drivers

At present, many State Governments are taking a more rigid approach when it comes to the limitations imposed in handing over every learner’s permits and youthful driver’s licenses.  However in New Jersey and Pennsylvania;, Student Drivers do not like the restrictions the government has instituted for the sake of the safety of all travelers on both states. These two (2) states… Continue Reading

NJ Protect: “The Newest Low-Cost Health Insurance Option”

Health Insurance for both individuals and business has become a difficult subject for many in the Delaware Valley. As a Business Owner in the  State of New Jersey, Pennsylvania and Delaware; I can tell you the price Business Employee Group Health Insurance has gone through the roof leaving many businesses to stop defraying the cost of… Continue Reading

How to Handle Car Accidents in New Jersey

How to Handle Car Accidents in New Jersey

An Automobile accident can be one of the most life troubling incidents in your life. The disruptive and agitating effects that mental stress, anger, and injuries bring further retrograde  of life’s daily problems. Besides these, you may also be experiencing unpleasant surprises regarding the coverage of the other drivers insurance company. Even if  the accident is the other drivers… Continue Reading

It’s Not My Fault…..It’s Your Fault

It’s Not My Fault…..It’s Your Fault

In most states, there is an auto insurance policy which insures drivers in the event of an traffic accident. Sounds familiar, doesn’t it?  But here’s the twist, it covers every party regardless of whose fault it is!  Yes, you’ve heard it right; it means that nobody would be at fault. Some states, in order to reduce the number of lawsuits,… Continue Reading