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Rock Insurance
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142 Route 70, PO Box 775
Medford, NJ 08055

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4 Times You Should Update Your Home Insurance

Your home insurance policy is a vital piece of protection for your family and your belongings. It’s also a key part of your overall financial security. It protects you if something happens to your Tri-State area home or possessions.

That’s why it’s essential to review your policy regularly and ensure it still meets your needs. But when should you do this? Rock Insurance Services in Medford, NJ can help you navigate this important coverage.

Here are four times when you should update your home insurance:

When You Move

If you move to a new home, you’ll need to update your home insurance policy. Your old policy will no longer be valid, and you’ll need a new one that covers your new home. Additionally, your new home may have different risks than your old one, so it’s essential to ensure that you’re covered.

When You Make Improvements to Your Home

If you make any improvements to your home, such as installing a new roof or renovating your kitchen, you’ll need to update your policy. That’s because the value of your home will have increased, and you’ll need to ensure that you’re covered for the full value of your home.

When You Get Married or Have a Baby

If you get married or have a baby, your home insurance needs will change. For example, you may need to add or remove coverage for particular items. Additionally, you’ll want to ensure that your entire family is included in your policy and that they’re protected if something happens to your home.

When You Buy Big-Ticket Items

Big-ticket items such as jewelry, art, or electronics should be specifically covered in your home insurance policy. If they’re not, you may not be fully protected if they’re lost, stolen, or damaged. To be safe, it’s best to add them to your policy or get a separate policy that covers them.

Update Your Home Insurance Today

Updating your home insurance policy is essential to ensure that you and your family are fully protected. Be sure to do it when any significant changes occur in your life. Rock Insurance Services in Medford, NJ can help you find the right policy for your needs. Contact us today to learn more about how to get insurance for your Tri-State area home.

Does Home Insurance Cover Renovation Projects

Rock Insurance Agency serves Medford, NJ and the Tri-State community. We are committed to helping our clients obtain coverage that aligns with their future visions. We strive to establish long-lasting relationships with our clients. We provide versatile coverage options that are designed to alleviate stress and allow our clients to live comfortably.

Does Home Insurance Cover Renovation Projects?

Your Medford, NJ property is one of your most valuable assets. Home insurance allows you to protect yourself during times of crisis. The policy any damage to the interior of your home as well as your roof. Other structures on your property, such as your garage or fence are also covered if they suffer damage. All of your personal items at your home are covered if you are the victim of a break-in or those items are damaged.

Your home is also covered in the event of an accidental fire. Liability coverage is a big part of your policy. Liability coverage your if a guest comes over to your home and suffers an injury or if you accidentally damage your neighbor’s property while taking care of some landscaping.

If you plan to renovate your home in the future, generally the project should be covered. However, there are a few things to think about. If you plan to renovate your home, consider increasing your coverage. If a natural disaster damages your home, you may not be completely covered if you didn’t modify your policy before the project started.

It’s also a good idea to increase your liability limits, as your property will be a high-traffic area until the project is complete. That increases the risk that someone may get injured.

Rock Insurance Agency Will Help You Protect Your Assets

Contact us today to learn more information about home insurance.

Who should get a home insurance plan in the Tri-State area?

Real estate continues to be a good long-term investment and owning your own home is a great way to get started. If you are going to own a property, you will want to make sure that you are properly covering it with a home insurance plan. There are various reasons why someone in Medford, NJ and the Tri-State area should get this type of coverage here. 

Why Home Insurance?

Protect Their Assets

An important reason that anyone in this part of the state will want to have coverage is to protect their assets. If you are a property owner here, you will want to know that your most important assets are protected. When you get an insurance plan for your home, it will provide support for your dwelling and your personal assets. This can help confirm you will remain supported if you are a victim of an accident that results in a loss, such as a fire or bad weather. 

Comply with Requirements

You should also get a home insurance plan in the Tri-State area to comply with your requirements. If you are going to take out a mortgage or live within a larger home association, you will be required to get a proper insurance plan that complies with various requirements. With a home insurance plan, you can remain in good standing with these obligations.  

Contact Us Today

Shopping for a new home insurance plan in Medford, NJ and the Tri-State area is a big decision and process. There are a lot of choices to make as you are building a new plan. Once you are already to start shopping for your next policy, it would be ideal for you to call our team at the Rock Insurance Agency. The professional agents with the Rock Insurance Agency understand the need for this coverage and can help you build an ideal plan. 

Home Insurance In Major Catastrophes: A Car Striking Your Home

The worst situation you could imagine for your home has impacted you: an unsafe driver just ran into your home. This frustrating scenario is one we have experienced at Rock Insurance Agency Inc. Thankfully, we can help Medford, NJ residents in this tough spot.

What Happens When Someone Hits Your Home With a Car

When someone hits your home with their car, they are obviously considered liable for the accident. As a result, their auto insurance policy will pay for the damages to your home up to the limit of their policy. This situation may be beneficial as you could get away without having to use your policy. 

However, situations regularly occur in which you’ll likely need to use your home insurance policy. For example, what happens if a person’s auto insurance covers $20,000 in damage, and you experience $30,000? You’re either stuck with the bill, or you have to make a claim on your auto insurance. 

In this situation, your home insurance will pay whatever is left over, up to your policy limits. So if the person who caused the accident pays $25,000 out of a $60,000 repair bill, your home insurance will pay for the remaining $35,000, depending on your policy limits. 

If your policy limit does not cover the full repairs, your insurance will pay out what it can, and you’ll have to pay for the rest. In areas near heavy traffic (such as homes near freeway exits), it isn’t a bad idea to consider expanding your limits to ensure you don’t get in a bad situation.

Don’t Hesitate to Make a Claim 

If you have a home insurance policy with us at Rock Insurance Agency Inc., please contact us if your home gets hit by a car. We can also help Medford, NJ residents get a policy that works for their needs if they are not covered adequately. 

Protect Your Valuable Items with Home Insurance

Homeownership is one of the greatest accomplishments life can offer; it’s the reward for years of saving, hard work, and sacrifice. Your home should be treated as your most prized possession and protected in the same regard. 

Are you looking for advice and recommendations on how to protect your home and your valuable belongings with home insurance in Medford, NJ? Rock Insurance Agency Inc has a team of experts that are available to guide you throughout the process and can help you build a homeowners insurance plan that will protect all your valuables. 

While most mortgage lenders require you to have home insurance, the necessity goes far beyond that. Purchasing and maintaining this type of insurance policy protects your home and your personal property. It also limits homeowners’ liability should someone become injured while on their property. 

The amount of home insurance coverage you need depends on the value of your property. This type of insurance policy could very well be your smartest investment decision, and the team at Rock Insurance Agency Inc in Medford, NJ is here to serve you as best we can. Selecting home insurance plans can be overwhelming, and we’re here to help alleviate any stress involved. Be sure to contact us if you have questions and we can set up an appointment to discuss your options. 

If you own a home in Medford, NJ, homeowners insurance is essential to protect yourself and your family. Families can often have a large amount of valuable personal property (the contents and belongings in the home that are owned by you and the family members living with you), so ensuring this property, along with the home, is the best way to protect yourself financially.

Do You Have Enough Home Insurance?

When you purchase home insurance for your Medford, NJ home, you expect to be adequately covered against any eventuality. However, this might not be the case where you are underinsured. The good news is that instead of finding that you are inadequately covered when it’s too late, Rock Insurance Agency Inc. is here to guide you on steps you can take to minimize the risk of being underinsured.

Properly value your home.

Best practice says that you are underinsured if your home insurance doesn’t cover at least 80% of your home and contents’ value. Being underinsured means paying for premiums that won’t cover your loss or damage when the unexpected strikes. But how can you mitigate the risk of underinsurance? Here are some tips:

  • Keep stock of your assets: Gradual accumulation of assets without updating your home insurance plan can result in underinsurance. You can avert this pitfall by periodically conducting a room-to-room inventory count to determine assets that aren’t included in your insurance plan.
  • Updating your home insurance after renovations: Are you faced with a dilemma to include or exclude a recent renovation in your home insurance plan? To answer this, ask yourself if you would comfortably repair the renovation out-of-pocket if a disaster were to strike. If the answer is no, then you need to update your home insurance plan with renovations like adding a room, upgrading the kitchen, and so forth.
  • Consider local construction costs: Building costs increase every year. Inflation and new regulations to be complied with can lead to an increase in building materials costs. In light of this, you need to update your home insurance with these changes to ensure you get total compensation if your house was to be rebuilt today.

Consider how you use your house and who is in it?

Do you have a dog that can bite in your house? Do you throw parties leading to intoxicated guests? Figure out triggers that can lead to property damage or bodily injury to other people. This way, you can adjust your liability coverage upwards to cover you optimally. 

Home insurance in New Jersey

Insufficient home insurance means you will have to incur out-of-pocket expenses when disaster strikes. If you would like to know if you have enough home insurance, please talk to Rock Insurance Agency Inc. for more information.

5 Things to Know Before You Get Home Insurance in New Jersey

Homeowners insurance can be a complicated matter. You don’t always know what type of policy and what level of coverage you need. That’s why it’s a good idea to assist an expert agent who knows the in’s and out’s of home insurance. An independent agent at Rock Insurance Agency Inc. of the Medford, NJ area can help you with this process.

Everyone Should Have Home Insurance

Many mortgage lenders require that you have homeowners insurance. Even if yours doesn’t, it’s still in your best interest to have this in place. It will protect not only your property but also offers at least some coverage for your valuable items.

The Amount of Coverage Varies

You’ll need to know your property’s value to determine the amount you should have in insurance coverage. You won’t have to pay as much out-of-pocket if your insurance is set at a higher coverage level.

Property Value Is Calculated Differently

There are different methods of calculating property value. This includes market value and replacement value. Market value is the amount at which your house is likely to sell, and replacement cost is how much it would cost to rebuild the house.

More Than Property Damage

Home insurance policies not only cover repairs after your home has been damaged due to tornadoes, fires, and other major events. It also covers incidents such as if there’s been a theft and if someone’s been injured on your property, you can get the coverage that would apply towards their medical payments.

Annual Reviews Are a Must

It’s ideal to have your agent review your policy and needs every year. This way, you know you’re getting the right amount of coverage for your changing situation.

At Rock Insurance Agency Inc., we’re proud to set up home insurance for residents in the Medford, NJ area. Contact us today with your questions and to get started.

What things aren’t covered by home insurance

Home insurance is what lets homeowners sleep at night. It protects the place you and your family enjoy your lives. If you already have a home insurance policy, have you ever read it? If, like most people, you haven’t, don’t feel bad. It would be enough to put you to sleep. But it does include some vital information about the things excluded from the policy. At Rock Insurance Agency Inc. in Medford, NJ, we make sure our customers have all the facts about their home insurance policy. 

Floods

Probably the most shocking news to most homeowners is their policy does not cover flooding. Flooding causes devastating damage, and even just one inch of water in the home can cost you $25,000 in damages. The good news is you can purchase flood insurance through the NFIP.  

Earth movement

If you feel the earth moves under your feet, you should be anxious because your home insurance will not cover it. Whether it is an earthquake, landslide, or a sinkhole, any time the earth moves, it is excluded, but you can buy an endorsement or an additional policy to cover it.

Sewer backup

This is a disgusting thing to even think of and even more so when you have to pay for the cleanup yourself. Again, you can add an endorsement. 

Preventable damage

Your insurance carrier assumes you are going to maintain your home. If you allow your roof to become so old that it allows water to damage your ceiling, your insurance won’t cover it. If you get termite damage, this is something treatment could have prevented, so no coverage is standard. This is an excellent reason to do the necessary repairs and maintenance to your home.  

When you’re ready to update your home insurance, give Rock Insurance Agency Inc. in Medford, NJ a call or stop by our office to get your free quote. 

What is not covered by a home insurance policy

As a homeowner, your homeowners’ insurance policy is one of the most critical protections one can invest in. It is crucial to understand the coverages provided under the policy. However, it just as important to understand the types of events excluded under the policy. 

Floods 

It is critical that homeowners in the Tri-State area know that flood insurance is not automatically covered under a home insurance policy. So many homeowners assume that flood coverage is included because their policy has water damage coverage. Water damage coverage is meant for events such as a burst pipe or an overflowing dishwasher. Flood coverage needs to be purchased as a separate policy from the government. 

Damage as a result of homeowners’ failure to maintain the home. 

As a homeowner, it is critical that you perform regular maintenance on your home. Failure to properly maintain the house could result in the denial of coverage in the event of a claim.  If it is determined that the damage to your home is the result of your failure to maintain the home, such as not having your water heater regularly serviced, you could be denied coverage. 

Dog bites

Many homeowner insurance policies exclude coverage for aggressive breeds such as Pitbulls. However, some carriers exclude coverage for dog bites altogether. It is essential to check with your insurance agent at Rock Insurance Agency, Inc. in Medford, NJ to confirm your level of coverage. If you have a dog, you may want to consider an umbrella policy for extra protection. 

Jewelry

If you own an expensive jewelry collection, it is important to know it may not be fully insured under your policy. While there may be a small limit under your policy, it will most likely not be enough coverage in the event your collection is stolen. If you have expensive jewelry, you will want to speak to your agent about adding additional coverage. 

If you live in the Tri-state area and would like to learn more about homeowners’ insurance, reach out to a specialist at the Rock Insurance Agency, Inc. in Medford, NJ today.