100 Years of Insurance Experience

Bogle Agency Insurance Is Celebrating 100 Years!

Bogle Agency Insurance 100 year anniversary


Here at Bogle Agency Insurance, we are Celebrating our 100th Year Anniversary!  We have been providing insurance to the businesses & families of New Jersey and the surrounding states since 1919.

 

With a century of experience, our agents have seen it all!  Every claim, automobile, home and, business purchase Bogle Agency Insurance has been there for all of our clients to make sure they’re covered properly while still saving money.

 

Today, Bogle Agency Insurance not only celebrates its’ 100-year anniversary but also its’ family values that have been built over the past 4 generations of Bogle family members in the business. Our independent agency is truly a family business and strives on being friendly, courteous and responsible! In its’ century of business, Bogle Agency Insurance has focused on creating and maintaining relationships with its’ clients in hopes to be the most helpful and dedicated agency available to New Jersey residents and business owners alike.

 

Thank You To All of Our Clients, Friends, Family, And Agents Who Have Made The Past 100 Years Possible!

Risk Factors

Everyday Risk Factors That Can Affect Your Homeowners Insurance Policy

By: Bogle Agency Insurance
Date: 12/16/2018

Risk Management Home Owners Insurance Bogle Agency Insurance Bergen County NJ

Did you know that the risk factors that you present to your home owners insurance can have huge effects on the premiums you pay? It’s true! Risk Factors, by definition, are the characteristics and factors that increase the likelihood of a claim being filed. These can include everything from the condition of your home to your financial standings. In order to save as much money as possible on your home owners insurance policy, you need to not only be aware of your personal risk factors but also how to lessen the risks that insurance companies see! Below, we describe ten of the most influential risk factors that can affect your home owners insurance policy’s premium. If ignored, these factors can cost you thousands of dollars a year in coverage.


The Most Common Risk Factors For Home Owners Insurance

  1. Your Deductible
    One of the most commonly known factors that can affect insurance premium prices is the deductible. An insurance policy deductible is an amount the policyholder will pay before insurance covers repairs or reparations. This is not a way for insurance companies to save money but rather a risk management factor that has been proven to reduce negligence on the policyholder’s side. The idea behind deductibles is a monetary way to increase awareness of potential risk in hopes to mitigate negligent behavior. Naturally, a higher deductible means a lower premium!
  2. The Cost To Rebuild or Replace Your Home
    Another commonly associated risk factor with homeowners insurance is the overall value of a home. Like car insurance, the more expensive the item you are insuring becomes, the more the insurance company would need to pay out in the event of damage. Contrary to popular belief, the value the insurance company decides upon is not the same as the market value provided by the tax association.
  3. The Condition of Your Home
    Unlike car insurance, the condition of your property is a major concern for home owners insurance policies. Damages to parts of your home such as a roof or foundation are not just costly repairs, these damages can cause catastrophic failure if not fixed promptly. When it comes to pre-existing damage to your home, insurance companies may charge more for a premium due to the potential for costly claims in the future. Some companies will even deny your application if the roof or foundation is not up to code!

The Most Surprising Risk Factors For Home Owners Insurance

  1. Your PETS?!
    Yes, your pets may cause your home owners insurance rates to increase! Certain dog breeds are considered more dangerous and liable than others according to insurance providers. While this characteristic may not apply to your fur child, it is simply based on a statistical analysis performed by insurance companies.
  2. How Close The Home Is To A Fire Station
    Another shocking risk factor that insurance providers take into account when calculating your insurance premium is the travel time between your home and the closest fire station. According to the Insurance Information Institute, Household fire claims make up over 25% of property damage claims in the past 10 years. While using safety precautions to prevent household fire damage is extremely important, neglect is not the only cause of household fires. Your proximity to the fire station may be the difference between having to build a new home or simply remodel the kitchen.
  3. Your Credit History
    Yes. Unfortunately, credit history is a factor in even your insurance rates. Aspects like your payment history, current debt, and length of credit history are all considered when calculating your premiums. The thought behind this is not just to see whether the policyholder will be able to pay their premium each month but also to reduce the risks of fraud.

Risk Management Is The Most Effective Way To Reduce Homeowners Insurance Premiums

Simply put, making sure you are doing all you can to reduce the risk of a claim will help to lower your yearly insurance costs. Bogle Agency Insurance experts in lLyndhurst NJ can help you discover any potential risk factors you face before you are hit with a large insurance premium. Although some risk factors are easier to fix than others, it is important to know what these risk factors are so you can work on them and continue lowering your premiums over time!

Why it’s a Good Idea for an Annual Policy Review

Why it’s a Good Idea for an Annual Insurance Policy Review


Annual Insurance Policy Review | Bogle Agency Insurance
Bogle Agency Insurance, insurance coverage for your home or office

There are many reasons while its a good idea for an annual insurance policy review when it comes to your Bergen County insurance policies. Let’s face it, elements of your life are constantly changing.  When you don’t review your insurance policies on a yearly basis there can be gaps in coverage.   Changes that occur in your life could include a new vehicle, the purchase of art, or perhaps the acquisition of new equipment for your business. This is why Bogle Agency Insurance, the go-to source for insurance in New Jersey, recommends an annual insurance policy review.

Questions to ask yourself:

These are but a few things to consider when reviewing your current NJ insurance policies. Life moves at such a fast pace that we may not even realize the changes that are occurring affect our insurance coverage. Should you have any major changes in your life at any time during a policy’s term we recommend that you contact Bogle Agency Insurance 201-939-1076, to discuss the changes.

Contact Bogle Agency Insurance today for your annual insurance policy review

Contact our team at Bogle Agency Insurance today to schedule a review of your current New Jersey insurance policies. We will help make sure that there are no gaps in your coverage. In addition, we will make sure that you do not have unnecessary coverage. Let our knowledge and experience offer the advice you need to cover the unexpected. An annual policy review is always a good idea.  And an experienced Lyndhurst NJ insurance agent is essential in making sure you have the coverage you need.

Bundled Insurance Packages | Home & Auto Insurance

Combining Home & Auto Insurance Saves Money – Until It Doesn’t


Combining Home & Auto Insurance | Bogle Agency Insurance

For the most part, combining home & auto insurance with Bogle saves you money. Who doesn’t want to save money? The reality is that bundling insurance products can be a great idea. However, having knowledge of your policy matters. Not all products are created equal and understanding the differences between products is important. Advice from an experienced Bergen County insurance agent can help ensure that you save money on your auto and homeowners Policy.

Bundling Insurance Policies Can Cost More Than It Saves?

Bundling auto and home insurance policies offers an opportunity to save money, except for when it doesn’t. Your NJ insurance agent understands this caveat and will recommend bundling when it makes sense for you, your family, or your business. There are times when bundling can become more expensive and separate policies with separate companies becomes the better choice. However, these are all factors that an insurance agent can piece together to save you the most money on your policies!

Combining Home & Auto insurance? Make Sure Coverage Meets Your Needs

When it comes to insurance for home and auto, coverage matters. Oftentimes price and coverage are not necessarily complimentary. In other words, a low price might mean less coverage or inadequate coverage. The cost savings for bundling your NJ home and auto insurance policies should not reduce the quality of your coverage. Working with an insurance agent can make sure that your newly bundled policies not only save you money but also provides you with the right amount of coverage for your needs.

Learn More About New Jersey insurance options

Contact our team at Bogle Agency Insurance today to learn more about New Jersey insurance options for your home or business. Our experienced agents will do the legwork to present you with options that make sense financially and practically. Let our knowledge and experience serve as your guide to combing home and auto insurance in Bergen County NJ.

Lines Of Insurance Available Through Bogle Agency Insurance

NJ Homeowners Insurance

NJ Homeowners Insurance, Should You Increase When Home Values Go Up?

Should You Increase Your Homeowners Insurance Coverage When Home Values Go Up?


NJ Homeowners Insurance | Bogle Agency Insurance NJ
Bogle Agency Insurance, NJ homeowners insurance experts

A common question among policyholders of NJ homeowners insurance is whether you should increase your policy coverage when home values go up. It’s a great question to ponder and one even more important to discuss with your advisor. An experienced Bergen County insurance agent will sit down with you to discuss your options.

When a home increases significantly in value, you want to make sure it is covered for the full amount in the event of the unforeseen. In addition, new purchases like expensive artwork or furniture should be inventoried with your homeowner’s insurance company. However, not every increase in value requires additional insurance. When the home values are increasing for typical market reasons, like supply and demand, increased NJ homeowners insurance coverage is most likely not necessary.

Do You Need More Insurance Coverage After A Home Remodel?

If your home’s value is tied to a major remodel it would not hurt to sit down with your NJ insurance agent. It makes sense that a major investment like an addition, new kitchen, or remodeled basement would make an impact on the price of a home. Making sure your insurance coverage can cover its’ new value is essential.

It’s Time To Review Your Homeowner’s Insurance Policy!

Home values increase over time, that is a given. Making sure your New Jersey insurance policy is an adequate amount of coverage is important. Your agent at Bogle Agency Insurance will evaluate your homeowner’s insurance policy to ensure that your home is covered. Contact our team today for peace of mind when it comes to NJ homeowners insurance.

Our team, based in Lyndhurst New Jersey, is well-versed in all insurance products.  Let us help you evaluate your auto, business, homeowners, and umbrella policies.  Our goal is to make sure that you understand what you have and what you need.  Call (201) 939-1076 today and set an appointment to evaluate your NJ insurance policies.

October Is National Cyber Security Awareness Month! | Bogle Agency Insurance


Cyber insurance NJ
Bogle Agency Insurance, serving insurance needs for business and individuals

Cyber Security is much more than just an industry buzz-word these days. With the exponential growth of technology, our lives have become intertwined with the internet. Those who once fought the use of the internet are now sharing pictures of their vacations on social media. Getting a mortgage is no longer sitting in a bank for hours upon hours but rather sitting on your bed with your laptop. Even visits to your bank’s branch have decreased in favor of online banking. What was once a vague and anonymous land, the internet has become the backbone of our society and our economy. With that comes security threats.

Cyber Security does not just refer to keeping your bank passwords complicated. Although that helps, scammers have found other ways to get access to your accounts for malicious reasons. These scammers aren’t just looking for individuals to steal from either. Two-thirds of all attacks are aimed towards small-to-medium sized businesses.

Small businesses Are A Target For Cyber Attacks

Small businesses are a target for cyber criminals simply because of their vulnerability. While large corporations are spending hundreds of thousands a year protecting their data, whether stored offline or in the cloud, small businesses are not typically protecting themselves in the same fashion due to limited budgets. Another vulnerability that small businesses face is the fact that most business info such as banking, passwords, contacts and even customer payment details are stored on one server, whereas larger businesses use various vendors to control and encrypt their data.

According to UPS Capital, the typical cost to mediate a cyber attack is anywhere from $80,000 to $150,000! Because of this, 60% of businesses will close their doors in the first 6 months following an attack.

How Can A Small – Medium Sized Business Protect Themselves From A Cyber Attack?

  1. Data Encryption!

    Complicated text scrambling can help you keep your data safe from criminals both online and offline! Want to learn more about data encryption?

  2. Keep ALL Computers Clean of Malware!

    There are MANY programs available to protect your computers. A common misconception is that Apple products cannot get infected, this is simply not true! Regardless of who manufactured your systems, make sure you have a trusted anti-virus program

  3. BACK UP!

    What good is your data if it becomes corrupted, stolen or held for ransom via ransomware? I simple mistake such as forgeting to back-up your systems can cost you thousands of dollars. Need help deciding which back-up program to use for your business?

  4. Train Your Employees!

    What good is spending money on various protection measures if your employees don’t know how to avoid common phishing scams. Because the method of ‘phishing’ changes quite frequently, it is important for not only the business owner to stay up to day, but for the owner to pass that knowledge down to anyone using the business hardware

  5. Protect Yourself & Your Business From The Unexpected

    Cyber Insurance is just as important as the rest of the protection methods mentioned above. A Cyber Insurance policy can help mitigate the costs and even the interuptions that a severe cyber attack can cause

Learn more about cyber insurance for your business

Cyber crimes offer a real threat to your business and knowing protection is in place offers peace of mind. Contact our team at Bogle Agency Insurance today and learn more about cyber insurance options from experienced Lyndhurst NJ insurance agents. Our goal is to inform you and help you. Let us design a coverage package that meets your individual needs. Cyber insurance is becoming more important for businesses to have and we want to make sure your business is protected.

Click here to read “Does your business need cyber liability insurance?” from Biz Journals.

New Jersey Business Liability Insurance: What’s Covered? What’s Not?

What is (And Isn’t) Protected Under Business Liability Insurance?


NJ Business Liability Insurance

Business liability insurance covers the basic risks associated with conducting business. These are general items and not specific to unique business activities. Every business needs coverage but it is equally necessary to understand what coverage each plan offers and whether it is enough for your specific industry. Your Lyndhurst NJ insurance agent will be invaluable in determining the individual needs of your business. Not having the right kind of coverage, or lack of coverage may leave your business vulnerable to lawsuits and potential bankruptcy.

What Is Covered By A General Business Insurance Policy?

A general business insurance policy covers your business, your employees and yourself from lawsuits involving the business. Whether your business is being sued for an injury sustained in your place of business, caused by an employee or as a result of your product or service, Business Liability Insurance will cover it. Business Liability Insurance can also cover things like copyright infringement.

Business liability insurance helps to mitigate the risk of losing money, or your business due to legal action, whether that be from personal injury, property damage or intellectual damages. However, as with all other policy types, Business Liability Insurance has caps that may not cover the entire amount due. This is why it is important to have a risk assessment performed prior to choosing an insurance policy.

What Is Not Covered By Your Business Liability Insurance Policy?

A common misconception is that General Business Liability Insurance covers employees injured on the job, it doesn’t. New Jersey law requires business owners to have Workers Compensation coverage. Additionally, professional errors such as negligence, malpractice or misrepresentation will not be covered by a general Business Liability Insurance policy. Lastly, events such as car accidents, intentional acts and product failures that would be typically covered by a warranty are not covered by general business liability insurance. As a result, you may want additional coverage for any of the items not covered by your policy.

Additional Insurance Coverage For Your Business May Include:

Business owners should have a solid understanding of what is included and not included with insurance policies. An experienced NJ insurance agent is instrumental in ensuring that you have the information and the coverage your business needs to be protected.  Furthermore, take the time to evaluate your insurance annually.  Your business changes over time, ensure your coverage is keeping up with these changes.

Schedule A Meeting With Your NJ Insurance Agent Today

Contact our team at Bogle Agency Insurance today and make an appointment to evaluate your New Jersey business insurance needs. We welcome the opportunity to look at your current policies and determine whether there are any holes. Let our knowledge and experience serve as your guide to New Jersey business insurance, helping you understand what is protected under business liability insurance as well as what isn’t.

Health Insurance Shopping Tips

Shopping For NJ Health Insurance

What to Consider When Shopping for An NJ Health Insurance Policy


 

When shopping for an NJ health insurance policy there are a few things to consider that will make your search smoother and more productive! The goal is to acquire coverage that not only covers you where needed but also save you the most money! Your Lyndhurst NJ insurance agent at Bogle Agency Insurance will be an invaluable resource to help you locate the right plan for you and your family or for your business.

 

Questions You Should Ask To Find The Right New Jersey Health Insurance Plan

 

  • When should I look for a new health insurance plan?

Preferably before your current plan expires. The open enrollment period is the time to evaluate your options. And, it is important to not wait until this open enrollment period is up. The more time you have to research and see what’s out there the more options you will have. Waiting until the last minute can leave you with fewer options. That being said, many people get stuck between jobs or finding themselves without coverage at the last minute.

 

  • Will I be able to keep my current doctor(s)?

If the doctor or medical group that you use matters to you then you should make sure you can continue your routine. Every health insurance plan is different and covers different physicians. Make sure the one you choose has your families physicians on the list of approved doctors!

 

  • I already have health insurance, so I don’t need to look at new plans, right?

Insurance plans change over time and being aware of your options is critical to ensuring that you have solid coverage and the best bang for your buck! You may assume you will stay with your current plan and as it comes time to renew parts of that policy change. Making sure you have the coverage you need is important and surveying the competition helps ensure this.

 

  • Will I be fined for not having health Insurance? Do I have to shop in the Affordable Care Marketplace?

You do not have to get your New Jersey health insurance through the government exchange. However, you do need insurance that meets the standard set by the Affordable Care Act. While portions of the Affordable Care Act have been repealed, the tax fine is still a factor to consider in 2018. This means you will face fines if you do not have health insurance, up to 2.5% of your income!

Contact Your Bergen County Insurance Agent To Learn More About NJ Health Care

Contact our team at Bogle Agency Insurance today to learn more about your New Jersey health insurance options. Our experienced agents look forward to evaluating your family’s needs to ensure that you have the coverage you need. Let our knowledge and experience serve as your guide to shopping for an NJ health insurance policy.

NJ insurance company

Bogle Agency Insurance Awarded Annual IIABA Best Practices Status

Bogle Agency Insurance Awarded Annual IIABA Best Practices Status


IIABA Best Practices Award Bogle Agency Insurance
Bogle Agency Insurance, Commercial, Personal, Health & Life insurance products

Bogle Agency Insurance has been awarded the IIABA Best Practices status for the 15th year in a row! This accolade is in keeping with our firm’s mission to provide excellent service while following the best practices laid out by the insurance industry. Garnering the Best Practices Status places Bogle Agency Insurance in an elite group of independent insurance agencies around the United States. “Best Practices” designation comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study group. This is an annual survey and study of leading independent insurance agencies, documenting the business practices of the “best” agencies. In addition, the results are shared with independent insurance agencies around the nation, urging others to adopt similar practices.

Since 1993, IIABA and Reagan Consulting, an Atlanta-based management consulting firm, have joined forces to study the country’s leading agencies in six revenue categories. The agencies in the study groups are selected every third year through a comprehensive nomination and qualifying process and awarded a “Best Practices Agency” designation. Those agencies included in the study were nominated by either an IIABA affiliated state association or by an insurance company. After the nomination, those designated as a “Best Practices Agency” are then qualified based on operational excellence.

Best Practices is a three-year cycle

The selected Best Practices agencies retain their status during the three-year cycle by submitting extensive financial and operational data to be reviewed each year. This is the third year of the current three-year study cycle. Over 1,500 independent agencies throughout the United States were nominated to take part in the annual study in the first year of this three year cycle, 2016, but only 262 agencies qualified for the honor. To be chosen, the agency had to be among the 35-45 top-performing agencies in one of six revenue categories.

Our company, Bogle Agency Insurance is honored to have received the Best Practices award for 15 consecutive years! Bogle Agency Insurance was founded in 1919 and offers Commercial, Personal, Health and Life insurance products from numerous companies. For further information please contact Philip R. Bogle of Bogle Agency Insurance at (201) 939 -1076.

Life Insurance

Is Life Insurance A Wise Investment?  | Bogle Agency Insurance


Life insurance is often portrayed as either a line of insurance you absolutely need or one you can do without. But it is much more complex than that! Life insurance offers protection for your beneficiaries in life ending situations. The need for life insurance (or how much life insurance) greatly varies based on the individual’s needs. Bogle Agency Insurance is a great resource to have when deciding whether to invest in life insurance or not.

 

What Is Life Insurance?NJ life insurance

Simply put, life insurance is protection against the financial hardship your dependents may face should you die unexpectedly. There are two main types of life insurance: Term Life Insurance and Whole Life Insurance. Term would be for a set period of time, say 20 years. This is policy offers protection for your family during the years they are most reliant on you. Whole life, as its name suggests, is good for your entire life. Both Term Life Insurance & Whole Life Insurance cover much more than just funeral costs. Life insurance can cover debts owed by the deceased, such as a mortgage balance, or it can be used to offset the loss of income after a loved one passes away.

 

Is Life Insurance An Investment?

Life insurance can be considered an investment as it provides financial security to your dependents or heirs in the event of your death. In many cases, this provides money that may not exist otherwise and ensures your family’s bills can still be paid. The amount of coverage, however, is up to you.

A benefit of whole life insurance policies is that in many cases a loan may be taken out using a policy as collateral. This loan is against the cash value of your policy and comes without penalty to purchase a home or pay for school. Some of these policies can also provide money before death if you are diagnosed with a life-threatening disease or illness. A whole life policy is absolutely an investment.

A term life policy has a set time limit. It is available as protection and is not an investment in the same way that a whole life policy is. A term policy offers protection but once the term expires that is it, the policy is over and the money you have paid over the years is not available. On the other side, if something happens to you during the term, your loved ones have financial security. Term Life Insurance is an investment you hope you never have to use, but it is available if something happens to you.

Is Life Insurance A Good Investment FOR ME?

Your Lyndhurst NJ insurance agent can help you answer this question. In the end, the answer is up to you. Ask yourself how financially prepared you are for the future. If you have been investing for the future and have a substantial amount money put away for your family, you may choose to skip life insurance. However, most families agree that any additional resources help after the death of an immediate family member.

Contact our team at Bogle Agency Insurance today to learn more about the New Jersey life insurance products we provide. Our experienced agents look forward to evaluating your family’s needs to ensure that you have the coverage you require for peace of mind. Let our knowledge and experience serve as your guide to life insurance in Lyndhurst NJ.