First Time Home Buyer Homeowners Insurance | Bergen County

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

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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.

NJ Insurance, Hurricane Coverage and Claims

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NJ Insurance, Hurricane Coverage and Claims

Hurricane Preparedness NJ Bogle Agency Insurance Hurricane Insurance

NJ insurance concerns often relate to hurricane coverage and claims. A hurricane is a weather event that none of us have control over. While many come and go leaving little more than a few branches in the yard and puddles in the driveway others can leave fallen trees and flooding in the basement. Regardless of what may or may not occur it is important to sit down with your Bergen County insurance agent to make sure you have the hurricane coverage you need.

A hurricane means torrential rains, often resulting in flooding; powerful winds that can bring down trees and blow away anything not tied down; and violent waves causing erosion and more. Most people think about hurricane damage occurring to homes. But it is important to realize that damage can occur to businesses as well. It is important that your NJ commercial insurance policy offers the coverage you need to give peace of mind when a hurricane hits.

Post hurricane tips for your business:

  • Make sure you can account for all employees who were at your facility during the storm.  If rescuers are needed call the appropriate emergency response group.
  • Be careful of flooded areas and be aware that the water may contain hazardous materials.
  • Do not drive through bodies of water.  A puddle may look like a puddle but could be far deeper than you realize.
  • Pools of water may have an electric charge so stay clear.
  • Have your building inspected by an engineer.  Wind damage could be more severe than you think.
  • Photograph all damage and make an appointment for an assessor to come out to survey the extent of damage.

Hurricanes are a fact of life when living near the coast. The aftermath can be shocking and costly. Understanding your homeowners insurance or your commercial insurance is essential. Sit down with your New Jersey insurance agent today and learn more about coverage and the claims procedure in the event of a hurricane.

Bogle Agency Insurance, your NJ insurance experts

Contact our team at Bogle Agency Insurance today to learn more about homeowners insurance in Bergen County NJ. We welcome the opportunity to help you evaluate your coverage. Let our knowledge and experience serve as your guide to NJ insurance, making sure you understand Hurricane coverage completely.