Insuring Your Seasonal, Vacation and/or Secondary Home

As with any home, vacation or second homes need to be insured. The risks are different, so the coverage may have different costs than primary home insurance. Before you invest in a vacation or second home, you should be aware of the cost to insure it.

Since you don’t spend as much time in a vacation home as in a primary residence, the danger of theft, vandalism, or damage such as fire or burst pipes are a greater risk. If you plan to rent out the vacation home, there may be cost.

Bogle Agency Insurance personal lines specialists are always ready to advise you
about the risks and costs involved with insuring your vacation or second home. We also represent the leading carriers, like for instance Chubb who specialize in these kinds of property risks. 

Factors That Impact The Cost Of Vacation Home Insurance

LOCATION

Where the second home is located makes a difference in insurance cost. If it is in a flood, or earthquake-prone area you will need to consider coverage.

TYPE OF PROPERTY

Whether your vacation home is a stand-alone house or a condo or townhouse makes a difference. If the vacation home is a condo and is maintained by a homeowners’ association providing some security, your insurance cost may be lower. The age and kind of building materials used for the house may also be factors considered for your vacation home.

EXTRA AMENITIES

If your vacation home has a pool or maybe a hot tub there can be added risk. Additional liability
insurance may be something to consider.

How You Can Save Money on Second Home Insurance

You can be judicious and choose a location with lower risk – a little farther from the beach, for instance.

By insuring the vacation home with the same insurer that provides coverage on your primary residence may lower cost. This is known as “bundling” policies.

You can install an alarm system – one that detects both fire and break-ins and this might lower the cost.

Of course, we can also shop around for the best quote on your vacation home insurance.

Talk To An Insurance Expert

Bogle agents are available to give you sound advice on the best coverage and best prices for insuring your vacation home. Our aim is to make the insured have peace of mind about coverage, for the lowest cost. Call us today at (201) 939-5378, or come in for a consultation at 200 Stuyvesant Avenue, Lyndhurst, NJ.

What is Workers’ Compensation Insurance?

Workers’ Compensation Insurance is a type of insurance that provides medical and wage benefits
to people who are injured or become ill at their job. It is mandated by the
state and the benefits vary by state. All companies that have more than one employee must have
workers’ compensation insurance. In the state of New Jersey all employers are required to have
workers’ compensation coverage for their employees.

Who and What is Covered by Workers’ Compensation Insurance?

Understanding who and what is covered by Workers’ Comp is important. First, to be covered by
Workers’ Compensation Insurance you must be an employee. If you are self employed, you are not
considered to be an “employee” and you have to buy your own workers’ compensation coverage.
The firm you work for must have a Workers’ Compensation policy in place. The illness or injury
must have occurred while on the job. If you work for a firm that has an unsafe environment
it is incumbent upon you to make sure there is a Workers’ Compensation policy in force.

Of course, all business owners need to know whether they need a Workers’ Compensation Insurance
policy in place. Talking to a professional insurance specialist will help you to know what type
of coverage you need.

What is Considered An Unsafe Working Environment?

When an employee is not able to perform duties because of dangerous physical conditions in the
workplace, that is considered an unsafe environment. There are many factors, but things like
exposed wiring, broken equipment, hazardous materials, or asbestos cause unsafe conditions.
Studies have found that among the most dangerous jobs in America are:

1. Fishers and related fishing workers

2. Logging

3. Airline pilots and flight engineers

4. Construction and Roofing

5. Refuse Collection and Recycling

6. Structural Iron and Steel Workers

That’s only a sampling, there are many more jobs that are performed in perilous environments.
Of course, any job can be unsafe if it is performed in unhealthy or dangerous surroundings.

Talk to an Insurance Professional about Workers’ Compensation Insurance

Whether you are an employer or an employee you need to be covered by Workers’ Compensation
Insurance. If you are an employer you need this coverage to comply with the law, as well as
to be covered for employee mishaps. If you are an employee you need the coverage to compensate
you when you are unable to work. Bogle Agency Insurance has been offering a complete line of
insurance options for employers and employees for many years. Let our knowledge and experience
serve as your guide to the coverages you need. We are ready to answer any and all questions
regarding Workers’ Compensation Insurance. Give us a call at (201) 939-1076, or drop in for a
consultation at 200 Stuyvesant Avenue, Lyndhurst, NJ.

What Are the Factors that Affect Life Insurance Premiums?

Although there are many factors that affect the price of life insurance, the most prominent ones are age, health and lifestyle. Risks to these elements of your life are always considered when determining premiums in life insurance. Your age, existing medical problems or habits that are injurious to your health are viewed as risks and will affect premium cost. If eligibility for life insurance is a concern, talk to a New Jersey Insurance specialist. They will explain the differences in policies, and talk about the risks you have that will affect your cost.

Personal Habits That Affect Life Insurance Premiums

Smoking is one of the most adverse habits that affect life insurance premiums. Excessive alcohol consumption and other overall risky behavior are also major factors. Purchasing a life insurance policy when you are young will be less expensive than when you are older. Certain health concerns such as high cholesterol, obesity, and any existing medical issues will affect the determination of eligibility and price.

Details That Affect Life Insurance Premiums

Life Insurance cost is affected by the length of coverage. Usually a longer term is going to cost more than a shorter term. A longer-term policy takes into consideration the probability of death within that period of coverage and the premiums will be higher. Other factors affecting life insurance premiums are gender or occupation. A Bergen County Insurance Agent can discuss the factors in your life that will affect the premiums of life insurance with you.

What are Life Insurance Options?

NJ Life Insurance options include:

Whole Life Insurance

Whole Life Insurance covers you for the rest of your life. This type of Life Insurance provides death benefits and additional cash value which grows during the life of the policy. Usually you must qualify with a health examination. It takes a number of years for a cash value to accumulate. Whole Life Insurance can cost more at first, but will eventually save you money if it stays in force for a long time.

Term Life Insurance

Term Life Insurance provides only death benefits, and pays only if you die within the term limits of the policy. This is the most affordable Life Insurance option. Term Life is purchased for a certain time period – 5, 10, 15, or 30 years, which is a “term”.

Combined Term and Whole Life Coverage

This type of policy combines the ability to build lifelong value, while supplementing certain specific times of your life (such as during children’s education, when you have a mortgage, etc.) with the protection of a term policy.  Combined Term and Whole Life coverage offers the best of both worlds.

Call Bogle Agency Insurance for guidance

Bogle Agency Insurance is an authority on Insurance in Bergen County and throughout all of New Jersey. Get in touch with us today to learn about Life Insurance and the factors in your life that will affect premiums. Our agents are knowledgeable and are able to answer all of your questions in this regard. Our team will ease your mind about the Life Insurance options that are available, and the cost involved. Helping you choose the right Life Insurance for yourself and your family is our main concern. Call Bogle Agency Insurance at (201) 939-1076 or come in for a consultation at 200 Stuyvesant Avenue, Lyndhurst, NJ.

Automobile Risks Small Business Owners Should Know About  

Bogle Agency Insurance advises our commercial clients, large and small, about how to protect themselves from potential risks and unforeseen events.

Accidents happen on a daily basis; if you don’t have the proper fleet automobile coverage your business could be vulnerable to losses.

What Automobile Risks Should Small Business Owners Know About?

1. Employees using personal vehicles to carry out company business.

Many times there is a need for one of your employees to pick up supplies, or lunch, or a visiting business colleague. That person uses their own personal vehicle. If they have an accident in the performance of these duties, your small business may be liable.

2. Hiring non-company individuals to perform driving duties.

Maybe you need something or someone to be picked up from the airport. You hire a driver to make the pickup, using their own vehicle. An accident occurs and the item to be picked up is damaged, or the person to be picked up is injured. Your small business may be liable.

3. Accidents causing damage or injury that occur with the use of company-owned vehicles

Your small business is probably covered in this case, but is it? Proper automobile insurance coverage is available and good professional advice is essential. Business owners must talk to an experienced agent to get the coverage they need.

4. You hire part-time employees to perform certain tasks.

In the performance of these tasks, that part-time employee has an accident using their own automobile. There are so many people engaged in today’s “gig economy”. These are people who for some reason prefer the flexibility of “gig” or free-lance one-at-a-time jobs. Many times these “gig” workers aren’t properly insured and your small business may end up being liable.

What Kind of Coverage Do You Need?

All businesses need insurance coverage for company-owned automobiles. Large businesses usually have “fleet” coverage, but small businesses sometimes overlook automobile insurance. Small businesses have as much auto risk as large businesses. Whether your small business owns vehicles used in the performance of company tasks, or you hire outside help for automobile transport, you need proper insurance coverage. These coverages are available and can be tailored to your specific needs. This is why all small business owners need to talk to a professional insurance agent. An experienced agency such as Bogle Agency Insurance has the knowledge and expertise to advise you.

Small Business Automobile Insurance Advice from Bogle Agency Insurance

Bogle Agency Insurance has been in business since 1919. Advising individuals and businesses has been our focus and we will help you get the coverage you need for your Small Business Automobile Insurance. Call Bogle Agency Insurance today at (201) 939-1076, or come in for a consultation at 200 Stuyvesant Avenue, Lyndhurst, NJ

Getting Your RV Ready For A Summer ’19 Road Trip

The many benefits of owning a Recreational Vehicle is the ability to go anywhere your heart desires and your pockets allow. With school winding down, warm weather becoming a daily experience and increasing daylight, your wanderlust may be nagging you. Lucky for you, you have a moving hotel room sitting in your driveway just waiting to hit the road and show you a whole new location. Whether you’re traveling to your regular campground or pioneering new land that you and your family have never seen before, your RV will get you there and keep you comfortable the entire time. Recreational Vehicles, however, are still vehicles. They need maintenance, service, and cleaning before you begin your trek. So, we prepared a checklist for you to use when getting your RV ready for your Summer 2019 vacation!

Tips For Getting Your RV Road Ready

1.  Tires
   Arguably the most important part of any vehicle. Without tires, you’re going nowhere, and unfortunately, tires like to wear pretty quickly when traveling long distances. Before hitting the road, check your tires THOROUGHLY. Check for uneven wear, puncture holes, tread condition and depth, and lumpy areas around the sidewall. Nobody wants a flat tire during their road trip, but with damaged or worn tires, that may be the least of the problems you can face. Tire blowouts, although not as common as they used to be are one of the major dangers facing RV travel. Examining your tires is one of, if not THE most important factors to getting your RV ready for a trip.
2. Water & Sewer Lines
   Aside from avoiding unpleasant smells during your trip, there are many reasons to check and service your water and sewer lines. A typical examination of the water system includes: checking the pumps to ensure they are working properly, flushing the lines to clean, checking for leaks, and checking that all flushing hoses are accessible and free of damage.
3. Batteries
   Batteries lose their charge when not used for several months. Most RV owners know to keep a trickle charger on the batteries while stored, but if not checked on a regular basis, the charger may not have worked correctly. So, before you embark on your trip, check to make sure your battery is full of charge. If it’s not, consider replacing to avoid any potential breakdowns.
4. Engine (RV & Generator)
   An RV is no different than a car when it comes to making sure your engine is in tip-top shape before a trip. Oil changes are needed whether you’ve driven the allotted miles or not. Over time, condensation can build up inside the engine of both the RV and the generator, which could cause engine damage to both. So make sure you get your oil changed before your trip. Along with the engine oil, all fluids should be checked for levels and condition. This includes Brake fluid, transmission fluid, power steering fluid, engine coolant, and windshield washer fluid.
5. Give Her A Bath!
   Nothing is better than stopping for gas and seeing your shiny RV sitting at the pump! Cleaning the outside will not only make your RV look like it belongs on the front of a traveler’s magazine, but it will help you examine the exterior for any damages you may not have noticed previously. Even in closed storage, RVs can become damaged by heat and weather, so while you’re washing the vehicle,  check all seams and window molding for tears or early wear. Cleaning the inside is important as well! While you’re cleaning, check to make sure all motorized extensions work correctly. Lastly, check to make sure you haven’t picked up any unwelcomed guest like rodents or bugs while your RV was stored. You’ll typically be able to see signs of both while cleaning your vehicle.
6. Reevaluate Your Insurance Coverage
   Recreational Vehicles often carry a similar type of insurance as your everyday automobiles. This includes your typical collision, comprehensive, liability and uninsured motorist coverage. As with regular vehicles, your insurance rates are based on many different factors. This is why it’s commonly expressed that insurance coverages should be evaluated on a yearly basis. Recreational Vehicles are no exception. You could save money on your policy by speaking to your insurance agent. Something as simple as paying off debt could bring your premium down! Saving money on your RV insurance could add to your vacation budget, allowing you to go further and see more than last year!

Bogle Agency Insurance Offers Recreational Vehicle Insurance Policies

Bogle Agency Insurance is proud to offer insurance policies for Recreation Vehicles. Our Lyndhurst New Jersey Insurance Agents would be happy to walk you through a re-evaluation of your current policy to see if we can save you money while providing you the best coverage. Contact Bogle Agency Insurance to speak with one of our agents about your Recreational Vehicle Insurance Policy.