Firearms and Insurance

Firearms and Coverage on the Home Insurance Policy

Owning a firearm which you keep in your home is not to be taken lightly.  All you need to do is watch the nightly news to understand that negligence is a common problem with firearm ownership and one which causes injury and loss of life.

This post is about addressing getting insured for your firearm, what you need to understand the coverage and ensuring that you’re held coverage in the event of an incident, loss or theft.

Home insurance and the sublimit

Because firearms are portable, usually valuable and easy to grab in the event of a robbery, they’re subject to a sublimit.  While they’re considered personal property, they fall under a different rubric than other items in your home.

Your home insurance policy limits your coverage with respect to firearms, in other words.  They’re covered only in the event of theft and usually in the amount of about $2,500.  You may wish for more secure coverage than this, so it’s always a good idea to have a sit down with your insurer to supplement your policy with respect to firearms.

Two excellent options

The first option to obtain more comprehensive coverage for your firearms is to add a rider to your existing home insurance policy.  Riders cover small, valuable items that represent “above and beyond” risk in terms of insurance (easy to grab).  Conditions for riders are, in general, more generous than for standard policies.  It may be that you’ll be able to cover your firearms for more than just theft, with this type of coverage.

A separate policy for your firearms is probably your best bet.  Finding one is a matter of being connected to firearms groups like the NRA (National Rifle Association).  The NRA and associated affinity groups attract insurers seeking niche markets for their products, so you’ll find the best coverage here.

Liability

As we mentioned earlier, the nightly news shares cautionary tales about firearms on an almost daily basis.  That’s why it’s so important for firearms owners to consider the liability implications connected to ownership of a weapon, as well as loss, theft, and damage.

Liability is rarely cut and dried and in a litigious environment like the one we live in, relying on the liability portion of your existing policy is probably not enough protection.

If the nightly news isn’t enough to convince you of your vulnerability to liability, google “homeowner” and then look at the news section.  You’ll see numerous results describing legal problems for homeowners who shot intruders and the legal wrangles that resulted.

A personal umbrella policy which provides additional protection against liability is a good way to ensure you’re covered in the event of an incident which involves one of your firearms.

ABCO Insurance Agency

If you’re a firearms owner, then you need to be aware of your options with respect to insurance coverage that protects you against all the things that can go wrong when you have the responsibility of firearms in the home.

For superior support, contact us.  We’ll ensure your covered.

Car Insurance

Auto Insurance is More than a Legal Necessity

If you weren’t aware, car insurance is a necessity. You can get into legal trouble for not having auto insurance. That’s not the only reason to invest in car insurance, though. When you really think of it, it’s only one small reason you should have a good plan protecting your car.

The Road is Unpredictable

The road can be a crazy place. Thousands of people are on the road at the same time you are. Some of those people are very good drivers. Some of those people are very bad drivers. And there’s no way to control the actions of our fellows on the high way. If they behave badly behind the wheel, there’s little we can do to change that. This makes driving a varied experience every time we hit the road. It also makes it quite possible for someone to hit your car and cause some serious damage. Considering this, it makes sense to protect your vehicle as much as possible and ensure that you’ll have money to repair or replace your car.

Your Car is Expensive

Your car is an expensive piece of equipment. Most people go into considerable debt to afford a reliable and attractive car. With that much money moving at high speeds, you should want to be sure your car is protected. A vehicle is an investment and that means you should protect the time and money you’ve spent on your car. An insurance plan does just that.

Your Car is a Necessary Tool

Aside from the money you spend on your vehicle, it also serves a very necessary service. A car gets you from place to place. When you rely on your car to get you from point A to B, you really cannot afford to lose that mode of transportation. If you wind up in an accident or your car is damaged and unusable, you’ll have no way of getting places. An insurance plan makes sure that you can afford repairs and a rental car, or even a brand-new vehicle if necessary. This means you can get back on the road and get back to your life quickly.

If you’re looking for auto insurance, ABCO Insurance Agency can help. Contact our team today to discuss your options!

Life Insurance In South Jersey From ABCO Insurance Agency

Life Insurance – Why You Should Pursue It

Life is uncertain and it has an expiration date.  And while we’re living in the moment, the future continues to loom.  But there’s little time to think about that as we enjoy life’s pleasures.  And one of those pleasures is having a family.

But the future’s still there.  What if, at some point, that future no longer includes you?  It’s a sad thought, but one which realistic, forward-thinking people address with life insurance.

If you have a family, what will happen to the people you love should you no longer be here to help them make their way through life?  If you’re the sole breadwinner, it’s a good question to ask and one that life insurance can help you answer.

More affordable than you think

Many people think about life insurance as a frill.  We all have bills to pay and our monthly earnings only go so far.  But did you know that life insurance is more affordable than you think?

Let’s think about it a little more.  The cost of life insurance is easily defrayed by the peace of mind it brings and the knowledge that your loved ones will be cared for, should you no longer be there to help.

The best thing about life insurance is that the younger you are when you buy it, the more affordable it is.  Lock in a rate under the age of 30 and you could be paying the equivalent of a week’s worth of Starbuck’s coffee and breakfast buns.  People under 40 can get an enviable rate if they think ahead and act while their policy costs remain low.

Of course, as you age policies climb in price, but they continue to be accessible.  But acting early makes life insurance an imminently affordable option.

Helping your loved ones

Life insurance is a gift you give your loved ones.  You’re telling them you care when you buy life insurance that covers them for both long-term and short-term needs.

Should you pass away unexpectedly, your loved ones will still need to pay the rent or mortgage and the bills.  Then there are the funeral expenses which can be as much as $10,000, depending on the arrangements your family makes.

You may also have amassed debt from student loans or credit card use.  You don’t want to stick others with the cost of clearing up your debt after you’re gone and a life insurance policy ensures you won’t.

Following the death of a significant member of any family (especially the breadwinner), there’s enough to deal with.  Your loved ones can grieve in peace and in the knowledge that they’re not going to lose the family home, the ability to go to college, or caring for elderly or disabled relatives.

That’s a precious gift.

And if you have a business, your life insurance keeps it running, because the funds will be there for your family to draw on.

ABCO Insurance Agency is your source for comprehensive life insurance.  Contact us.  Give your loved ones a precious gift.

Home-owners Insurance

Your House in an Investment, Protect It

There are major milestones in our lives: our first steps, our first words, our first day of school, our last day of school, our first car, our first house. That last one is one of the biggest. We invest time and money in our homes, hoping to own something we’re proud of and comfortable in. Buying your own home is a massive investment that means a lot for your future.

Think about the process that leads us to our first homes, or even our second, third, or fourth homes. It takes years of saving, hard work, and real love to buy a house and then make it a home. After all of that work and time, it seems foolish not to protect your home. We use paint and siding to protect our homes from time and the elements. So why wouldn’t you protect your home from catastrophe?

Why You Need to Protect Your Home

Considering all that we put into our homes, it’s foolish not to ensure your home is protected from the unexpected. There’s so much that happens in life that we cannot predict. When it comes to your home, floods, winds, fire, burglars, and more can cause unexpected damage or even totally destroy something you’ve spent years investing in.

From the decoration to the actual structure, your home has real value. The time and money that has been spent is at risk, though when you’re not insured. The right insurance plan can keep your home secure, just as your door locks secure your home when you’re asleep. When bad things happen, insurance allows you to rebuild and continue to live the life you’ve worked hard for. It makes sense to protect your house and your investment in that house.

The Right Home Owner’s Insurance

When you trust the right insurance agency, you can be sure that you’re getting the right plan. The right plan will ensure your home and your belongings are well protected. So, if you need to find the right plan, ABCO Insurance Agency can help. We’ll help you protect what you’ve spent years working toward. So, contact our team today to discuss how we can help you!

Life Insurance

Don’t Let These Reasons Hold You Back from Buying Life Insurance

People everywhere know that having a life insurance policy in place is a priority.  A recent survey revealed that 85% of us are all well that life insurance is a good thing to have.

That said, over half of us don’t have it!

So, why the disconnect?  If you’re part of the vast, equivocating mass that resists securing a policy, then don’t let these reasons hold you back from buying life insurance.

 

  • It’s expensive!

 

Most people who don’t have life insurance believe it’s financially beyond their reach.  But that’s because they’re unaware of how affordable life insurance can be.

In the survey cited above (conducted by LIMRA), respondents were asked to ballpark the cost of a $250,000 policy.  Their responses reveal how widespread the misconception that life insurance is a costly pipe dream is.

The most common guesstimate was more than 3 times what that policy costs!

 

  • Health concerns

 

Again, there are a lot of misconceptions about how a pre-existing or ongoing health condition can impact your illegibility for life insurance.

But whether the problem was treated in the past or is currently being treated, you may still be able to secure an affordable life insurance policy.

 

  • I’m a stay-at-home parent

 

All work has value.  That much is clear. So, if you’re a stay-at-home parent, or you’re working in the home to care for an elderly or disabled relative, the work you do would need to be replicated, should you no longer be there to do it.

Life insurance would provide funding to continue the valuable work you do in the home for your family.

 

  • No children

 

Just because you have no children doesn’t mean to say you don’t need life insurance.  The financial capital you build with a life insurance policy can cover you and your family for so many other contingencies in the event of your death.

If you’re the breadwinner, a life insurance policy provides your family with welcome funds to cover funeral expenses, the mortgage and other financial needs.  Money may even be disbursed in your name to charitable organizations.

 

  • Too busy to get it done

 

We’re all busy.  That’s a fact of life.  All the same, life can turn on a dime.  Being prepared with a life insurance policy ensures that what you leave behind is a supportive framework for those who depend on you, covering outstanding debt, end-of-life needs and other contingencies.

Nobody really wants to dwell on the fact that they won’t always be here.  But that’s the nature of life. Life insurance is a sensible way to leave a legacy that says you’ve thoughtfully considered the needs of those around you.  It says you care.

ABCO Insurance Agency

At ABCO, we’re dedicated to getting you covered, offering you quotes from 50 different companies to obtain the most advantageous life insurance policy possible.

Don’t let these reasons hold you back from buying life insurance.  ABCO Insurance is here to ensure that you leave a legacy of security and continuity.  Contact us.

Monopoly House - Homeowners Insurance

Three Reasons You Need Renter’s Insurance

Whether it’s an apartment, house, or office, renting is a convenient way to make sure that you have a space to call your own without all of the responsibilities of owning. But that doesn’t mean there aren’t downsides. When you rent, there are a number of potential situations that can lead you to lose money. Here are three reasons renters need to protect themselves with renter’s insurance from ABCO Insurance Agency.

Neighbor’s Mistakes

The first thing that can lead to problems in your rental are your neighbors. Especially in an apartments or condos, your neighbors can wind up ruining your belongings. For example, an upstairs neighbor accidentally leaves the bat running and water pours through your ceiling, ruining your computer or TV. Another example would be a neighbor leaving a candle lit close to a shared wall. If the wall catches fire, it can hopefully be contained, but you still might wind up with damaged or destroyed belongings. Renter’s insurance makes sure you don’t need to pay out of pocket to replace what was lost in an instance of neighborly destruction.

Displacement

Say the above examples ruin your apartment or condo. Where are you going to go? You’ll have to get a hotel room until the apartment is restore or you find a new place to live. You’ll have to replace everyday items like toothpaste and pay for someplace to rest your head. With renter’s insurance, you can get coverage that ensures you’re not going broke and paying through the nose if you’re displaced from your rented space.

Burglary

Another potential problem in a rented space is burglary. If someone forgot to lock the main door to the building, or someone managed to get a hold of the building owner’s copy of your key, or someone just broke into your space while you were away, you’ll have to recover the items stolen. Renter’s insurance makes sure that your stolen items are not being replaced by you, out of pocket.

Contact Us

If you rent, you need renter’s insurance to protect you from the unexpected. So, contact our team today to discuss a plan that will work for you!

Distracted Driving | Car Insurance

Can You Guess Our Biggest Driving Distraction?

Distracted driving is in the news these days.  Governmental authorities everywhere are working to stem the tide of people driving without due attention, initiating heavy fines for those whose minds wander while behind the wheel.

The focus these days is on getting people to put down their mobile devices, mascara, or whatever else is causing them to take their eyes off the road.  The human cost of distracted driving has compelled numerous pieces of legislation.

But the number one cause of distracted driving isn’t what you think it is.

It’s day dreaming.

With 172,000 traffic fatalities in the past 5 years – 1 of 10 being caused by distractions – it’s certainly time to address distracted driving, but how does one legislate against day dreaming?

When people are driving, they often think of the time it takes to get from point A to point B as a moment away from life’s pressures.  That’s a problem. Driving a motor vehicle is a huge responsibility to one’s self and others on the road.

But people’s minds will wander.  They lose themselves to a song on the radio or wondering what to fix for dinner.  And in the moments their attention wanders from the road, anything can happen.

When over 60% of people admit to a lack of attention due to day dreaming at the time of a fatal crash, it’s time for more pointed education to reduce the instance of traffic fatalities.

Limited data

The source of public data about distracted driving is usually the police officers attending the scene of an accident.  It’s on them to determine what caused the accident and let’s face it – who wants to admit they were day dreaming or otherwise distracted following a collision?

Data about distracted driving and its prevalence is therefore not only limited, but not entirely reliable.  There’s little in the way of empirical support, in the absence of any admission on the part of drivers that they weren’t paying attention.

Strategies to combat distraction

Our most compelling strategy against distraction is to create a stop gap for the mind’s tendency to wander away from the task at hand.  A familiar play list of your favorite songs won’t do it. Because you’re well-acquainted with the music, it can be an invitation to distraction.

Instead of that beloved playlist, turn to something which demands your attention.  Attention which is focused is easier to pull away and re-focus, as you drive. You also maintain alertness by listening to something like a podcast or a radio talk show.

This is called “passive engagement”.  You may or may not be genuinely interested in the subject matter, but your mind’s engagement with it prevents you from drifting off.

Another excellent strategy to combat distraction is by playing a game with yourself as you drive.  Like “punch buggy” for drivers, counting red cars, or playing a game of “I spy” can keep you focused on the road and prevent the kind of listless mental meandering that costs lives.

For auto insurance that holds you covered, contact us.

Fire Prevention | Homeowners Insurance | NJ

Common Causes of House Fires

Fire gives us warmth and light and cooks our food, but it’s also a major danger. It doesn’t take much to start a fire that can become an inferno. That’s why it’s important that people understand the common causes of house fires. This knowledge helps us prevent disaster and keep our families, homes, and belongings safe.

Electrical Problems

One of the leading causes of house fires is electrical problems. Those electrical problems can be from faulty equipment, overloaded outlets, or simple neglect. Electrical fires are usually easily preventable, but it takes vigilance and proper care to ensure that your appliances, outlets, tools, and other electrical components in your home are used safely.

Candles

Candles are another common cause of house fires. There’s not much that sets the mood for a relaxing evening as much as a nice candle or two. But candles can be a major danger when they’re left burning unsupervised. The glass that houses the candles can sometimes get hot and shatter. A candle can be placed too close to a wall or curtain. If you’re not careful with your candles they can cause major problems.

Dryer Lint

Your dryer’s lint catcher and vent is there for a reason. That lint catcher is made to be cleaned out often. When you neglect your dryer’s lint catcher and vent, you run the risk of a fire. Lint can burn easily and fast. In fact, lint is sometimes used as tinder in emergencies.

Matches and Lighters

Unattended matches and lighters are another common fire starter that you need to address. When you have children in your home, lighters and matches can be a major concern. Children are interested in fire and that means they can accidentally start them with unattended matches or lighters.

Cooking

Cooking is something we have to do. Cooking well is something we should do. Cooking safely is something we must do. The kitchen can be a dangerous place when you’re not careful. Especially when using hot oil, cooking is a leading cause of house fires. Like all of the things on this list, a little prevention and proper use can help keep you safe when cooking.

No matter how well prepared you are, your home or property may still be damaged by fire. That’ why it’s important to be prepared, be safe, and make sure you’re insured. When fire causes damage to your property, the right insurance plan can help you recover quickly and get back to your daily life. ABCO Insurance Agency, Inc can help you find the perfect insurance plan. Be prepared and contact us today!

Flood Insurance | ABCO Insurance | New Jersey

Hurricane Season is Almost Here, Are You Prepared?

Hurricane season is around the corner. In fact, there’s already a chance that a storm currently in the Caribbean Sea could become the first hurricane of this season. The official start of the season is the first of June. As many remember, hurricanes can be a major problem for coastal New Jersey residents, as well as those living farther inland. Recent storms like Hurricanes Irene and Sandy delivered heavy rains, flooding and high winds that wound up causing heavy damages in the area. So, be prepared this year for hurricane season with the right insurance plan.

Flooding

When it comes to hurricane damages, coastal towns and flood areas can be the hardest hit. Flood damage is not easy to recover from and it’s important to remember that most homeowner’s insurance plans do not cover flood damage. That means you need separate flood insurance if your home and property are in areas that flood easily. If you remember the hurricanes mentioned above, you likely remember whole shore towns covered in several feet of water. This led to lost homes, destroyed business, and damaged property costing a lot of money. Make sure you’re prepared for this possibility by making sure your home, business, and property are insured for the right amount.

High Winds

Flooding isn’t the only danger from hurricanes and tropical storms. High winds can wreak havoc for miles during one of these storms. That means trees can be downed, electrical lines can be severed, and roads can be blocked. All of this equals a highly dangerous environment for your home and property. Trees coming down on your home or vehicle can cause thousands of dollars in damages, if not more. Downed power lines can lead to fires and electrical issues that can cause damage to your property or even destroy your home. And blocked roads can make it hard for professionals to make repairs and manage any fires that do occur.

It’s important to make sure that you have a comprehensive insurance plan that covers damage to your home, vehicles, and other property that can occur from high winds during a hurricane. The right insurance plan will make it easier to recover from these losses and make sure you have the resources to rebuild after such devastation.

The Right Insurance Plan

If you need an insurance plan to protect you from hurricane damages, ABCO Insurance Agency, Inc. can help. Contact our expert team today! We’ll help you find the perfect plan.

Homeowner's insurance | Fire Prevention | NJ

Fire Prevention Tips from ABCO Insurance Agency Inc.

A house fire can cause immense destruction and even put your life at risk. The best way to protect yourself and your home from a fire is by taking preventative steps. Here are the best tips from ABCO Insurance Agency Inc. to prevent a fire in your home.

Fire Prevention

The first thing to do to help prevent a fire in your home is to keep flammable items at least three feet away from anything in your home that gets hot. This includes candles, space heaters, fireplaces, ovens, or stove tops. This seems like common sense, but it’s easy to make mistakes.

Never leave a fire, candle, space heater, stove top, or oven unattended while it’s lit or burning. Make sure that you’re careful when you’re cooking and never go to bed with a candle burning. Candles can be an extreme hazard when they’re left unattended. If you’re enjoying your fireplace, make sure you’re turning the fire off if it’s gas or electric and make sure you’re using an appropriate grate or cover for traditional fireplaces to keep hot embers and logs from falling out.

Educate

If you have kids in your home, make sure they know the dangers associated with fire. Educate any children who are frequently in your home about how dangerous it is to play with matches, lighters, candles, and anything in your home that may cause a fire.

Make Your Home Safer

You can do things to make your home safer. For example, keep matches and lighters safely out of reach of children and properly stored. Install smoke alarms on every floor of your home and in sleeping areas.

Make sure that you maintain and clean your heating sources and keep an eye on your electrical outlets, the wiring in your home, and the electronics you use in your home. Replace frayed extension cords and use electronics safely.

Insurance

Even if you’ve followed these steps to keep your house safe from the dangers of a fire, sometimes things are out of your control. So, it’s necessary to protect your home in other ways than those mentioned above. Homeowner’s insurance is one of the best ways to make sure that you don’t lose everything in a fire. Homeowner’s insurance can cover damages that a fire can cause and will keep you on your feet after this kind of tragedy. If you’re interested in homeowner’s insurance or any type of insurance plan, contact our team today!