F.M. Christiano Insurance Agency

03/04/2025

https://gbtimes.com/does-a-single-member-llc-need-workers%ca%bc-compensation-insurance-nj/

Does a Single Member LLC Need Workers’ Compensation Insurance NJ? As a single member LLC in New Jersey, you may […]

09/10/2024

https://www.facebook.com/share/v/nWqixkmK7ssKLG66/?mibextid=ox5AEW

07/08/2024

WHEN SHOULD I SCHEDULE VALUABLES

When you need to schedule jewelry, collectables or other valuable possessions

Homeowners, renters, and condo policies include coverage for personal property such as furniture, clothing, housewares, etc., but what if someone steals your treasured family heirloom, your coin collection is destroyed in a fire or you lose your engagement ring? Items like these likely need to be schedule on your policy for them to be covered correctly.

Why do I need to schedule jewelry or other valuables?

While your homeowners policy may include coverage for personal items and valuables, most policies limit the dollar amount of coverage for loss of these items. If the value of the item exceeds the limit of coverage on your policy, there is no coverage for the difference. So if you had to file a claim involving your $5,000 wedding ring and your policy limit was $2,000 on jewelry, you would only receive the limit of $2,000 leaving the remaining $3,000 unrecoverable.

Also, for some policy limits, the set amount would be the total coverage of all jewelry. If someone were to break into your home and steal every piece of jewelry you own, would the limit of $2,000 be enough?

What items besides jewelry should I schedule?

If you own anything of value that surpasses the designated limits in your policy like costly computer equipment, an expensive antique, or a professional camera, you should look into scheduling those items to make sure they’re insured at their full value.

Here are some belongings you might want to consider for this added coverage:

- Jewelry and furs
- Art and antiques
- Stamp or coin collections (any collection that significant money has been spent)
- Fi****ms
- Musical instruments
- Expensive cameras
- Expensive computer equipment
- Silverware and/or expensive china

Do I need a recent appraisal of my scheduled item?

Yes, most insurance companies require an appraisal typically within the last 5 years or sooner. Even if your insurance company doesn’t require an appraisal or regular appraisal updates, you might want to get them anyway to be sure you’re insuring your valuables to their full value.

Sorry, a sale receipt will not do.

Insurance companies won’t accept a receipt of purchase as a legitimate measure of value. It doesn’t matter how much you paid for your jewelry. When writing a policy or paying a claim, the insurance company relies on the actual appraised value, not a receipt!

09/30/2023

If a tree hits your home or other insured structure, a standard homeowners insurance policy covers the damage to the structure and any damage to the contents.

Here's how insurance covers different kinds of tree disasters: https://bit.ly/2N3KIqy

08/21/2022

11/10/2020

https://www.assuranceagency.com/blog-post/covid-19-s-impact-on-the-insurance-market?utm_campaign=News%20-%20General%20-%2011.09.2020&utm_medium=email&utm_source=Eloqua

03/13/2020

Clarifications on Commercial Coverage as related to COVID-19, more commonly referred to as Coronavirus

Insureds with Building and/or Business Personal Property Coverage
For those insureds that have coverage for Buildings, Business Personal Property, and/or any related property or structure. There is no coverage for property due to the Coronavirus as the property would not have suffered any direct physical loss.

Insureds with Loss of Income Coverage - Earnings and Extra Expenses.
There is no coverage for Loss of Income if an insured business is shut down because of the Coronavirus. Earnings and Extra Expense Coverage only applies when there is a loss or damage to real or personal property at the described premises or within 100 feet.

Supplemental Loss of Income Coverages – Interruption by Civil Authority
Coverage would not be provided under the Supplemental Loss of Income Coverage for Interruption by Civil Authority. This coverage only applies if an order is a result of damage to property that is caused by a peril covered.

Perils Excluded
The Coronavirus is a virus and as such loss, cost, or expense caused by Virus or Bacteria is an excluded peril for all types of property coverage.

This exclusion applies to, but is not limited to, any loss, cost, or expense as a result of:

a. any contamination by any virus, bacterium, or other microorganism; or

b. any denial of access to property because of any virus, bacterium, or other microorganism.

Perils Excluded
In the event businesses are ordered to be closed because of either a potential outbreak or an outbreak of the Coronavirus, either in or near the insured premises.

Civil Authority -- "We" do not pay for loss or damage caused by order of any civil authority, including seizure, confiscation, destruction, or quarantine of property.

01/21/2020

https://sba.thehartford.com/managing-employees/employees-getting-canned-over-social-media/?cmp=EMC-SC-News20-42991731

Sometimes employee social media usage gets out of hand. Take a look at the 5 most common reasons people get fired for their social media usage.

02/04/2019

Thank you for the recognition and check out all our recommendations on Alignable.

07/02/2018

https://www.propertycasualty360.com/2018/06/04/25-most-expensive-car-models-to-insure/?utm_source=PC360_TopArticles_070218&utm_medium=Email&utm_campaign=PC360_Marketing_Campaign&src=EMC-Email&cn=AM_INS_PC360_TopArticles_070218_ml&bu=Inspubm&pt=&et=promotion&slreturn=20180602142108

25 most expensive cars models to insure

Thanks to advances in technology cars come equipped with more capabilities than ever while also being assembled with speed and precision.