Henry D Young Inc Insurance Agency Blog

You may be sued at any time. Do you need an umbrella policy?

Posted by Carol Reese on Fri, May 11, 2012 @ 08:05 AM

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Topics: trusted choice insurance agent, homeowners insurance, personal injury insurance, automobile insurance, personal umbrella insurance

Personal Injury? Teens, Social Media and a Parent’s Liability

Posted by Carol Reese on Fri, Mar 30, 2012 @ 14:03 PM

She Posted What!? OMG, my life is ruined!!

Jealousy. Passion. Betrayal. No, not the latest television drama, but high school. For many the high school experience comes with social pressures and obligations to fit in and belong, and sadly this can lead to exclusion and isolation of some students. At some point we all probably said something in our teen years in the heat of the moment that we wish we could take back, but today’s teens face the added burden that if they convey those statements on social media sites like Facebook and Twitter, their words could be around for a lot longer than just the heat of the moment. 

It doesn’t take much searching of the news to see stories of teens using social media sites like Facebook to transfer the cruelty of high school hallways into the online world. Teens that make fun of a student or tease them may not just be responsible for hurt feelings, but if they’re publishing bullying or teasing posts online or revealing private information about another teen in a public forum, whether a blog, to their Facebook profile or other social space, they may be exposing you and your insurance policy to a claim.

Are my kids covered under my insurance?

Generally speaking, any coverage you have through your homeowners or renters insurance policy also provides coverage to other residents of the household, including your teenage children. Standard homeowners and renters policies include liability protection for bodily injury or property damage, which would pay for the costs to cover medical bills or repair/replacement costs if your child injured a friend in a pick-up basketball game or if they were at a friend’s house and accidentally spilled soda on a $13,000 oriental rug, subject you your policy’s deductible.

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Topics: trusted choice insurance agent, homeowners insurance, personal injury insurance

Understanding Your Motorcycle Insurance Coverage

Posted by Jason Reese on Mon, Mar 26, 2012 @ 16:03 PM

Choosing the right insurance policy is much like choosing the right motorcycle. You want it to fit your needs and lifestyle, but at the same time be within your budget. Although most states require you to carry a minimum amount of liability coverage, other types of coverage are usually optional. Always ask your insurance agent or company representative which laws apply in your state.

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Topics: motorcycle insurance, salem county, new jersey motorcycle insurance, motorcycle quote online

Flood Insurance: What It's All About

Posted by Carol Reese on Thu, Mar 15, 2012 @ 09:03 AM

March 12-16th is Flood Safety Awareness Week.

Unfortunately, many people may not be aware that flood damage is not covered by homeowners insurance.

Many consumers are unaware that, even if their homes are ruined by a hurricane, they are not insured due to a lack of flood insurance. Insurance against flooding (rising water) is different from insurance against driven rain or leakage, which often are covered. 

Three perils—fire, lightning and windstorm—are traditionally covered by homeowners property insurance. Flooding is excluded from homeowners coverage, as floods tend to be catastrophic in nature causing widespread damage in a geographic area. Private insurers are not able to absorb all that risk.

Hurricanes get a lot of attention, but big storms are not the only cause of floods, nor are floods limited to coastlines. In fact, flooding is the nation’s most common and frequent natural disaster, according to federal officials.

Flood insurance first came about after the federal government was called upon to bail out communities. As the nation grew after World War II, flood-damaged communities turned to the federal government for disaster relief and rebuilding assistance. In the 1960s, Congress sought a more proactive system, and in 1968 created the National Flood Insurance Program (NFIP).

This community-based insurance mechanism requires municipalities to adopt and enforce flood-abatement measures. In order to join the NFIP, it must adopt a program of corrective and preventive measures for reducing future flood damage (including zoning and building requirements). Flood insurance is available only to consumers in communities that have joined the NFIP.

The National Flood Insurance Program (NFIP) is part of the Federal Emergency Management Agency (FEMA). It provides flood coverage to homeowners and renters as well as commercial building owners. Coverage is provided through Trusted Choice® insurance professionals, as well as through other insurance agents.

Flood insurance may not just be desirable for homeowners, it may be required. For example, mortgage lenders are legally bound to require consumers buying a house in a high-risk flood zone to have flood insurance.

Consumers who own or rent property in low- or moderate-risk flood areas can buy flood insurance, and may be eligible for a lower-cost preferred risk flood policy.

Flood insurance protects against losses to buildings and contents (not the property on which they sit). Coverage is in effect whether flooding results from heavy rains, storm surge on the coast, melting of snow, blocked storm drainage systems, levee or dam failure, or other causes. Waters must cover at least two acres or affect at least two properties to be considered a flood for insurance purposes.

Residential flood insurance provides as much as $250,000 of coverage for dwellings for one to four families, and as much as $100,000 for contents. Commercial property owners can get up to $500,000 of insurance for the building and the same amount for contents. Condominiums also can be insured.

Unlike homeowners insurance, flood insurance has a waiting period. The NFIP sets a standard 30-day waiting period before flood coverage goes into effect (except for lender-required flood insurance, if more insurance is required because of a flood map revision, or if existing coverage is being increased upon renewal).

Henry D Young Inc Insurance Agency is a Trusted Choice® insurance professional and can help you sort out whether you need coverage, what type to apply for, and what to get. 

Click here to obtain information about your flood risk and steps you can take to lessen the impact of flooding.

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The information in this article is meant as a guideline only. There is nothing in this article that alters the coverage or interpretation of any specific policy. Because some statements are generalizations, and because different companies' policies contain slight differences, please refer to your specific policy. Call our office before making any judgements or decisions concerning your particular situation and coverage that may, or may not, apply.


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Topics: independent insurance agency, trusted choice insurance agent, flood insurance, homeowners insurance

Love Your Valentine's Day Gift? Insure It!

Posted by Carol Reese on Tue, Feb 14, 2012 @ 15:02 PM

 Those who don’t buy shiny things for Valentine’s Day may prefer other types of valuables, such as electronics, artwork, antiques, wine and furs. All totaled Valentine’s Day spending will tally approximately $17.6 billion of retail sales, with $4.1 billion of that being spent on jewelry, according to the National Retail Federation’s 2012 Valentine’s Day Consumer Trends report.

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Topics: trusted choice insurance agent, homeowners insurance, valuable items insurance

Get this mug free from your Salem County NJ Insurance Agent

Posted by Carol Reese on Fri, Jan 20, 2012 @ 16:01 PM

With all of the big insurance companies saturating the airwaves & your mailboxes with offers to call them for insurance quotes, it's hard to get our message through that we have personal and commercial insurance products that are very competive.  And ... we're close by with that extra personal touch you get from a local insurance agent.

We are an independent insurance agency that carries the products of multiple insurance companies in order to find our clients the most coverage for the best price - and it won't cost you a dime to find out how competive we can be be on your entire insurance program.  Click here, and scroll down to find out the different types of insurance that we can provide.  If the coverage you are looking for is not on the list, just contact us to find out if we offer that coverage. 

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Topics: independent insurance agency, local insurance agent, multiple insurance companies

Thanks for choosing us as your independent insurance agency!

Posted by Carol Reese on Thu, Jan 19, 2012 @ 19:01 PM

Thanks for choosing us - We know you have many choices when purchasing insurance and we want to thank you for choosing us as your insurance agency. As a professional, independent insurance agency, we pride ourselves on maintaining long-term relationships with our clients; adjusting their coverage as personal, business or professional changes take place.

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Topics: independent insurance agency, trusted choice insurance agent, local insurance agent

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