TERM LIFE INSURANCE OFFERING MORTGAGE PROTECTION

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Life Insurance Comes In Various Forms

 

When individuals and families seek Life Insurance they find it can be available in various forms. If you are a homeowner with aLyndhurst NJ - Mortgage Protection Insurance mortgage a good choice is Term Life Insurance in the form of Mortgage Protection Insurance. This type of Term Life helps protect your home if you suffer a financial hardship. This could be the result of a death in the family, a serious injury or illness, or a temporary loss of income. No matter what the reason is, Term Life Insurance in the form of Mortgage Protection Insurance is worth looking into. Bogle Agency Insurance, located in Lyndhurst, Bergen County NJ, has been helping individuals and families in the Bergen County area for over 100 years and we are here to help you find the best type of Life Insurance that meets your needs.

 

How Does Mortgage Protection Insurance Benefit Me?

 

Mortgage Protection Insurance can benefit you in the following ways:

1. In the event of death, your mortgage can be paid off.

2. Your monthly mortgaage payments can be made during a family crisis such as an injury or a temporary loss of income.

3. Proceeds are tax-free to the beneficiary and can be used in any way they like.

 

Professional Guidance Is Important When Choosing Life Insurance

 

If you are looking for Life Insurance, professional guidance is a good idea because there are so many forms of Life Insurance. This makes the purchase of Life Insurance a bit of a challenge for you. Bogle Agency Insurance experienced agents are always ready to offer sound advice and guide you through the process, finding the type of Life Insurance that fits your requirements. Knowing that your home will be protected in the event of your death or serious injury or loss of income can be a great relief to you.

If you are looking for Life Insurance or any other type of insurance, call Bogle Agency Insurance at (201) 939-1076 to talk to one of our highly qualified agents.

UNDERSTANDING WORKERS COMPENSATION INSURANCE

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Workers Compensation Insurance – Owners and Employees

 

A business in New Jersey with more than one employee is required to have Workers Compensation Insurance. If your businessLyndhurst NJ - Understanding Workers Compensation Insurance poses risks to employees, be sure to have Workers Compensation Insurance in place. Bogle Agency Insurance agents are always ready to offer advice regarding Workers Compensation Insurance to business owners.

On the same subject, if you are a full-time or part-time employee of a business, you are covered by Workers Compensation Insurance. Independent contractors are not employees and are therefore not covered. They are able to purchase Workers Compensation Insurance on their own.  Worlers Compansation Insurance can be a significant help when you unable to work due to illness or injury, it generally covers lost wages at such times.  

Important for owners and employees to know is the fact that Workers Compensation Insurance only covers you if you become ill or are injured at work. If said illness or injury occurs outside of work you are not protected by Workers Compensation Insurance.

 

Seek Help From A Professional

 

Bogle Agency Insurance has been here to assist individuals and businesses in Bergen County NJ, where we are located, as well as surrounding NJ counties to obtain the Workers Compensation Insurance that is required for their protection, for many years. Our experienced agents are experts on the subject of insurance of any sort, including Health Insurance, Life Insurance, Homeowners Insurance, Business Insurance and so much more.

We are a valuable resource for businesses and individuals to secure the insurance required to run their businesses and to protect themselves. For knowledgeable assistance from an experienced agent, give Bogle Agency Insurance a call at (201) 939-1076.

UNDERSTANDING UNINSURED/UNDERINSURED MOTORIST COVERAGE IN NJ

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AUTOMOBILE INSURANCE: UNINSURED/UNDERINSURED MOTORIST COVERAGE NJ

In today’s fast-paced world, accidents on the roads of NJ are an unfortunate reality.AUTOMOBILE INSURANCE: UNINSURED/UNDERINSURED MOTORIST COVERAGE NJ While we strive to drive safely, the risk of encountering an uninsured or underinsured driver is always present. This is where uninsured/underinsured motorist (UM/UIM) coverage, in your automobile policy, comes into play, offering a crucial safety net in such situations.

What is Uninsured/Underinsured Motorist Coverage For NJ Drivers?

Uninsured motorist coverage (UM) provides financial protection if you are involved in an accident with an uninsured driver. Uninsured/underinsured motorist coverage (UIM) steps in when the other driver’s insurance coverage is insufficient to cover your losses. In both cases, your own insurance company will cover your medical expenses, lost wages, and property damage up to your policy limits.

Why is Uninsured/Underinsured Motorist Coverage Important?

  1. Prevalence of Uninsured Drivers: The reality is, there are millions of uninsured drivers on the road, making the risk of being involved in an accident with one a real possibility. UM coverage ensures you’re not left financially burdened if you’re the victim of such an accident.
  2. Underinsured Drivers: Even if the other driver has insurance, their coverage limits may be insufficient to fully compensate you for your losses. UIM coverage provides additional protection in these situations.
  3. Peace of Mind: Knowing you have UM/UIM coverage can provide peace of mind and reduce stress in the event of an accident. You won’t have to worry about financial ruin due to the negligence of another driver.
  4. State Requirements: Many states require drivers to carry UM/UIM coverage as part of their minimum insurance requirements. Even if your state doesn’t mandate it, it’s highly recommended to have this coverage in place.

How Does Uninsured/Underinsured Motorist Coverage Work?

The process of filing a claim under UM/UIM coverage is similar to filing a claim with an at-fault driver’s insurance company. You’ll need to provide documentation of the accident, medical bills, lost wages, and property damage. Your insurance company will then evaluate your claim and determine the amount of compensation you’re eligible to receive.

Factors Affecting UM/UIM Coverage

Several factors can influence the cost and coverage limits of your UM/UIM insurance:

  • State Requirements: The minimum coverage limits for UM/UIM vary by state. Be sure to check your state’s requirements to ensure you have adequate coverage.
  • Your Vehicle: The type of vehicle you drive can affect your premium. Higher-value vehicles may have higher premiums.
  • Your Driving Record: A clean driving record can lead to lower premiums.

Additional Tips for Protecting Yourself

  • Check Your Policy: Review your current auto insurance policy to ensure you have adequate UM/UIM coverage.
  • Consider Increasing Limits: If your state’s minimum coverage limits are too low, consider increasing your UM/UIM coverage to provide better protection.
  • Be Prepared: Keep a copy of your insurance card, driver’s license, and vehicle registration in your car at all times. This will make filing a claim easier in the event of an accident.
  • Report Accidents Promptly: If you’re involved in an accident, report it to your insurance company as soon as possible. This will help initiate the claims process and ensure you receive the benefits you’re entitled to.

Uninsured/underinsured motorist coverage is a vital component of your NJ auto insurance policy. By understanding the importance of this coverage and taking steps to ensure you have adequate protection, you can safeguard yourself and your loved ones from the financial consequences of accidents involving uninsured or underinsured drivers.

Contact the top NJ Insurance Agency to review your Auto policy’s uninsured/underinsured motorist coverage. Call or email Bogle Agency Insurance at (201) 939-1076 today!