Along with the pride of owning your own business comes the responsibility of owning your own business and whether you own a local bistro, jewelry shop or pull people’s teeth, if an accident occurs on your property, you – and your employee – need workers compensation protection and I highly recommend Travelers.

In today’s ever-changing workers compensation climate, it’s critical to have an industry-leading carrier working with you. With Travelers Workers Compensation, you can count on medical and claim professionals to promptly handle, thoroughly investigate and fairly resolve your workers compensation claims, all at a price you can afford.

Travelers Workers Compensation offers:

National Carrier/Multi-State Coverage. .As a National Carrier, Travelers combines local knowledge and expertise with the ability to write workers compensation multi-state coverage.

Flexible Billing Options.  Flexible billing options are available including EFT.

Dividend Plan with 20% Discount. Travelers has a special dividend plan where you can save up to 20% on your premiums.

Early Intervention.  Once a claim notice is received, a case manager will contact you, your employee and the medical provider within 24 hours. In addition to providing contact information, the case manager will discuss the employee’s workers compensation benefits and return-to-work goals.

Workers Compensation Website.  Travelers brings information directly to the injured employee via the Internet. Employees can go online at mywcinfo.com to securely access state benefit information, review their claim payment information, obtain medical self-care tips and find a doctor using Travelers online directory.

Prompt and Accurate Determination of Compensability. More than 3,000 co-located medical and claim professionals thoroughly investigate and fairly resolve claims so that only appropriate claims are paid.

Risk Control. Risk Control’s industry-leading website, www.travelers.com/riskcontrol  is a resource for safety and risk management information; as well as educational and training opportunities.

Claim Reporting Day or Night. 24-hour claim-reporting is available, including internet-based claims reporting with HR date pre-fills.

Network of Highly-Qualified Medical Professionals. Travelers has access to medical network of more than 425,000 physicians and 10,000 hospitals across the country. Country-wide presence leverages jurisdictional knowledge and local medical relationships.

Early intervention, advanced claim and medical technology, an appropriate return-to-work strategy and network savings all play a part in helping to keep loss costs under control.

At Muller Insurance in Hoboken, our certified professional insurance agents are up-to-date with Travelers Workers Compensation plans. Our customer service is highly-rated and many of our customers have long-running relationships with us (see our customer reviews at ww.MullerInsurance.com).

 

 

 About Roger J. Muller, Jr.

Overseeing Muller Insurance’s day-to-day operations and always improving how the company can better serve its clients, Roger J. Muller, Jr. is a Certified Professional Insurance Agent (CPIA) with 32 years experience in the insurance industry. He’s a travel agent, Certified Real Estate Appraiser (CREA), Certified Environmental Inspector (CEI), licensed Real Estate Broker and licensed Insurance Agent in the following states: New Jersey, New York, Pennsylvania, Connecticut, North Carolina, South Carolina, Florida, Maryland, Washington D.C., New Mexico, Arizona, Vermont, Ohio, Delaware, Maine, Georgia, Virginia and New Hampshire. Roger J. Muller, Jr. is a member of Sigma Xi, a lifetime member of the Hudson River Fishing Association, and Shriners-Salam Temple. A graduate of Ramapo College of New Jersey, Muller is a past board member of the Ramapo College Alumni. He has been a member of the Board of the Hoboken Chamber of Commerce since 2000 and served as Vice President in 2010.  He is a New Jersey Notary Public and a member of the Young Insurance Agents, NJ. He is a certified member of  the Hoboken Community Emergency Response Team (CERT) that responds to emergencies like building collapses, flooding and acts of terrorism.

 

 

Even after death we have to pay bills like mortgages, college tuitions and car payments and that’s one of the reasons we purchase Life Insurance. It protects your family after you’re gone and can give you peace of mind while you’re still walking this good earth.

Life Insurance policies come in two categories: 

Protection policies that pay your family a lump sum when you pass away, covering funeral costs, mortgage payments, college tuitions, monthly bills, etc.

Investment policies that grow capital through the premiums you pay and come in three types:      Whole Life, Universal Life and Variable Life policies.

Whole Life policies protect the insurer with a cash reserve to pay a future death benefit claim.

Universal Life policies offer permanent insurance coverage with more flexibility in premium payments
and the possibility to grow a bigger ‘nest egg’.

Variable Life policies feature a guaranteed death benefit and cash value that can be invested in other accounts.

My life insurance “go-to-guy” is Jody Graber an expert in the field with 25 years of experience and more than 60 insurance companies on his speed dial.  Jody says that since your lifestyle changes every few years, it’s important to review and make adjustments to your life insurance policy accordingly.

“Just because you bought a life insurance policy doesn’t mean you can then forget about it,” Jody says. “Age, health, job, and life changes (like having babies) – all these factors affect your policy which has to be adjusted accordingly. If I’m making $100,000 when I first purchase a life insurance policy and now I’m making $250,000 and something happens to me, I need more coverage.  I buy a house, I have a mortgage, I need more coverage.”

Any life insurance policies that are 2-3 years old, when they run out, the company makes you pay more money, Jody says. If you buy a 20-year term policy, you’re out of luck in the 21^st year. The rates are going to be much higher.

“I see five times higher or better,” Jody says. “So if you bought a policy in 1992 and now it’s up in 2012, the rate increase will be about five times the amount.”

Usually you can’t take a term policy and change it, but your insurance agent can look at other suggestions, programs that are better, like finding a better policy with a different company, Jody says. What’s important to keep in mind is that life is constantly changing and your life insurance policy needs to keep up with your lifestyle.

“The bottom line is that your life insurance policy has to be reviewed,” Jody says. “You want to update it.”

If you don’t have a life insurance policy, now’s the time to talk to your insurance agent about getting the protection you need. At Muller Insurance in Hoboken, our Certified Professional Insurance Agents can assist you in choosing the right life insurance policy that fits you and your family’s lifestyle. Our customer service is highly-rated and many of our customers have long-running relationships with us (see our customer reviews at www.MullerInsurance.com).

 

 

 

About Roger J. Muller, Jr.

Overseeing Muller Insurance’s day-to-day operations and always improving how the company can better serve its clients, Roger J. Muller, Jr. is a Certified Professional Insurance Agent (CPIA) with 32 years experience in the insurance industry. He’s a travel agent, Certified Real Estate Appraiser (CREA), Certified Environmental Inspector (CEI), licensed Real Estate Broker and licensed Insurance Agent in the following states: New Jersey, New York, Pennsylvania, Connecticut, North Carolina, South Carolina, Florida, Maryland, Washington D.C., New Mexico, Arizona, Vermont, Ohio, Delaware, Maine, Georgia, Virginia and New Hampshire. Roger J. Muller, Jr. is a member of Sigma Xi, a lifetime member of the Hudson River Fishing Association, and Shriners-Salam Temple. A graduate of Ramapo College of New Jersey, Muller is a past board member of the Ramapo College Alumni. He has been a member of the Board of the Hoboken Chamber of Commerce since 2000 and served as Vice President in 2010.  He is a New Jersey Notary Public and a member of the Young Insurance Agents, NJ. He is a certified member of  the Hoboken Community Emergency Response Team (CERT) that responds to emergencies like building collapses, flooding and acts of terrorism.

 

 

Why Insure With Chubb?  For over 120 years Chubb has been providing quality protection for home, auto, commercial, and more. It is one of the leading insurance carriers in the U.S. and an A++ rated carrier by the AM Best Insurance Guide. Chubb is known for its speedy and accurate claims services as well as its financial stability.

When it comes to protecting your home, Chubb’s Masterpiece policy provides coverage suitable to your lifestyle. Chubb will determine the replacement cost coverage of your claim by having one of their appraisers inspect your home. The appraiser will take photographs and measurements and will look at all the key features of your home. By doing this, the appraiser helps determine the replacement cost of your home coverage. One key coverage in Chubb’s Master policy is the Extended Replacement Cost Endorsement.

Once the inspection has been completed, your home will qualify for the extended replacement cost endorsement. That means, should a loss occur, Chubb will pay the cost to have your home repaired or rebuilt to its original beauty even if the cost exceeds the coverage limit at the time of the loss. If you decide not to rebuild at the current location, Chubb offers you a cash settlement up to your policy limit.

When it comes to your home’s interior valuables, if you have damage to your interior and you have the Replacement Cost Coverage Endorsement, Chubb will insure most items for the amount it costs to replace them today without deducting for depreciation.

If you have some valuables scheduled on your policy such as jewelry, fine art, etc, and a loss occurs, Chubb will settle the claim for what  the insuring amount is at the time of the loss without requiring you to replace your item for like, kind and quality at one of their jewelers. Another key point with Chubb, it will not deduct for depreciation nor your deductible. It is a cash settlement instead.

As to Chubb liability protection, standard homeowner policies’ liability limits are mostly $100,000 to $300,000. With Chubb you can  go as high as $50,000,000 if qualified. When speaking to your agent, please inform them what limit will be the best to protect your assets.

Another key coverage is Additional Living Expense. This means that in the event your home cannot be lived in due to a covered loss and you need to find temporary residence, Chubb will cover the cost for you to maintain your normal standard of living while you are  away from your home. Some standard policies will provide only a percentage which should be outlined in your policy at the time of the loss.

The Chubb Masterpiece policy can be tailored to meet your insurance needs. Please consult with your insurance agent for further details.

As to discounts, Chubb is offering a 30% discount on its auto insurance if you have your homeowners’ insurance with Chubb – and if you have continuous coverage. Chubb also offers discounts for a central burglar and fire alarm installation in your home.

If you insure your vehicle with Chubb, coverage is based on agreed value. Agreed value is the amount you will receive in the event of a total loss, the deductible is waived and no adjustments for depreciation.

For a free Chubb quote or to obtain further information, contact us at Muller Insurance in Hoboken. Our certified professional insurance  agents know all the coverages Chubb offers and our expertise will help you secure the best insurance coverage for your home, car, and  business. Our customer service is highly-rated and many of our customers have long-running relationships with us (see our customer reviews at www.MullerInsurance.com).

 

 

About Roger J. Muller, Jr.

Overseeing Muller Insurance’s day-to-day operations and always improving how the company can better serve its clients, Roger J. Muller, Jr. is a Certified Professional Insurance Agent (CPIA) with 32 years experience in the insurance industry. He’s a travel agent, Certified Real Estate Appraiser (CREA), Certified Environmental Inspector (CEI), licensed Real Estate Broker and licensed Insurance Agent in the following states: New Jersey, New York, Pennsylvania, Connecticut, North Carolina, South Carolina, Florida, Maryland, Washington D.C., New Mexico, Arizona, Vermont, Ohio, Delaware, Maine, Georgia, Virginia and New Hampshire. Roger J. Muller, Jr. is a member of Sigma Xi, a lifetime member of the Hudson River Fishing Association, and Shriners-Salam Temple. A graduate of Ramapo College of New Jersey, Muller is a past board member of the Ramapo College Alumni. He has been a member of the Board of the Hoboken Chamber of Commerce since 2000 and served as Vice President in 2010.  He is a New Jersey Notary Public and a member of the Young Insurance Agents, NJ. He is a certified member of  the Hoboken Community Emergency Response Team (CERT) that responds to emergencies like building collapses, flooding and acts of terrorism.

 

 

 

The sculptures and paintings you display in your home, your prized diamond earrings, and that collection of famous autographs you keep need as much insurance protection as the car you drive. These valuable one-of-a-kind items and future heirlooms are vulnerable to theft and damage and should be considered as priceless as the pearls your grandmother gave you.

And even though you may have the most comprehensive home insurance policy, it still may not be enough to insure your valuable possessions, i.e. the artwork, jewelry, and rare collectibles.

Itemize your Valuables on your Policy. By itemizing your valuables on your policy, you will avoid coverage limitations, depreciation and deductible charges, and you could be covered worldwide.  If you already have valuable items itemized on your policy, you may want to update the values or add more to the schedule.

Avoid Out of Pocket Expense. You should always make sure the coverage limits on your valuables are updated every few years to maintain today’s value.  Also if you purchase new items, do not forget to add them to your policy.  You may want to check with your agent if your present nsurance carrier offers automatic increases to your itemized valuables on your renewal.  Having a new appraisal done will eliminate your out-of-pocket expense.

What if I have a claim? Should a claim occur some insurance companies will send you a check for what the insuring amount was at the time of the loss however other carriers will have you go to their jeweler to replace with like, kind or quality.  If that is the case, the settlement amount may be less than what you insured for. Please check with your agent to know what type of coverage you have.

Insuring Fine Art. There are two types of art insurance coverage that protect a work of fine art. Title Insurance insures against a defective title, that the art work was not stolen or looted and, in fact, has a legal provenance; and, Property Insurance, which insurances against theft or damage. If you have a fine art collection, discuss, in depth, your insurance coverage with your agent.

At Muller Insurance in Hoboken, our certified professional insurance agents have the expertise to help you secure the best insurance coverage for your valuable possessions: jewelry, artwork, and collectibles. Our customer service is highly-rated and many of our customers have long-running relationships with us (see our customer reviews at www.MullerInsurance.com).

Protect your paintings, sculptures, jewelry and collectibles. These special items are investments that can be annuities for you in the years to come and family heirlooms for future generations.

 

About Roger J. Muller, Jr.

Overseeing Muller Insurance’s day-to-day operations and always improving how the company can better serve its clients, Roger J. Muller, Jr. is a Certified Professional Insurance Agent (CPIA) with 32 years experience in the insurance industry. He’s a travel agent, Certified Real Estate Appraiser (CREA), Certified Environmental Inspector (CEI), licensed Real Estate Broker and licensed Insurance Agent in the following states: New Jersey, New York, Pennsylvania, Connecticut, North Carolina, South Carolina, Florida, Maryland, Washington D.C., New Mexico,  Arizona, Vermont, Ohio, Delaware, Maine, Georgia, Virginia and New Hampshire. Roger J. Muller, Jr. is a member of Sigma Xi, a lifetime member of the Hudson River Fishing Association, and Shriners-Salam Temple. A graduate of Ramapo College of New Jersey, Muller is a past board member of the Ramapo College Alumni. He has been a member of the Board of the Hoboken Chamber of Commerce since 2000 and served as Vice President in 2010.  He is a New Jersey Notary Public and a member of the Young Insurance Agents, NJ. He is a certified member of  the Hoboken Community Emergency Response Team (CERT) that responds to emergencies like building collapses, flooding and acts of terrorism.

 

Whether it’s a small enterprise run out of a basement or a large corporation, a business’s success is largely dependent on hard work and ingenuity. However, no matter how industrious you are, one disaster can wipe out all your profits and even destroy your business. The key to making sure that all the effort and money you have invested in a business doesn’t disappear when a disaster strikes is to protect it with the appropriate insurance.

Insurance companies selling business insurance offer policies that bundle protection from all major property and liability risks in one package. (They also sell coverages separately.) One package purchased by small and mid-sized businesses is the Business Owners Policy (BOP). Package policies are created for businesses that generally face the same kind and degree of risk. Larger companies might purchase a commercial package policy or customize their policies to meet the special risks they face.

BOPs include: (based on information provided by the Insurance Information Institute, Inc.)

Property insurance for buildings; and contents owned by the company: There are two different forms, standard and special, which provide more comprehensive coverage.

Business interruption insurance: This covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.

Liability protection: This covers your company’s legal responsibility for the harm it may cause to others.

BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You’ll need separate insurance policies to cover professional services, vehicles and your employees

Other coverages available:

Computer Equipment and Software: Provides coverage for  your computer hardware and software in the event that they are damaged due to a  covered loss.  In some cases a deductible  does not apply.

Boiler and Machinery: Provides coverage for heating and  cooling equipment. Losses due to wear and tear and age are not covered.

Earthquake: Provides coverage for damage due to earthquake.  This is a standard exclusion on all policies  and coverage must be purchased if available.

Flood: Provides coverage for rising water. This is a standard exclusion on all  policies and must be purchased as a separate policy.

Glass: Provides coverage for breakage of front glass windows that might be  included in your lease. A deductible applies to this coverage.

Restaurants – Products Liability: Covers you if someone  gets sick from the food in your restaurant.

Workers Compensation (separate policy): Provides lost wages and medical for an employee that gets hurt while working for you. The coverage  must be purchased as a separate policy and is based on the annual payroll.

Employee Dishonesty: Provides coverage in the event that an employee steals from you.

Discounts are available for:

Alarm Systems: Systems monitored to a central station.

Sprinkler Systems: Full sprinkler system with correct grading.

Multi-Locations: Insuring more than three locations on a policy.

Claims Free after 1^st, 2^nd, 4^th years.

At Muller Insurance in Hoboken, our certified professional insurance agents have the expertise to help you secure the best insurance coverage for your business. Our customer service is highly-rated and many of our customers have long-running relationships with us (see our customer reviews at www.MullerInsurance.com).

 

 

 

About Roger J. Muller, Jr.

Overseeing Muller Insurance’s day-to-day operations and always improving how the company can better serve its clients, Roger J. Muller, Jr. is a Certified Professional Insurance Agent (CPIA) with 32 years experience in the insurance industry. He’s a travel agent, Certified Real Estate Appraiser (CREA), Certified Environmental Inspector (CEI), licensed Real Estate Broker and licensed Insurance Agent in the following states: New Jersey, New York, Pennsylvania, Connecticut, North
Carolina, South Carolina, Florida, Maryland, Washington D.C., New Mexico, Arizona, Vermont, Ohio, Delaware, Maine, Georgia, Virginia and New Hampshire. Roger J. Muller, Jr. is a member of Sigma Xi, a lifetime member of the Hudson River Fishing Association, and Shriners-Salam Temple. A graduate of Ramapo College of New Jersey, Muller is a past board member of the Ramapo College Alumni. He has been a member of the Board of the Hoboken Chamber of Commerce Commerce  since 2000 and served as Vice President in 2010.  He is a New Jersey Notary Public and a member of the Young Insurance Agents, NJ. He is a certified member of  the Hoboken Community Emergency Response Team (CERT) that responds to emergencies like building collapses, flooding and acts of terrorism.

 

 

 

Most of us would like to have a safety net to fall back on when emergencies arise. And for contractors who need certificates of insurance for general liability and workers compensation, Muller Insurance in Hoboken, New Jersey provides a safety net of insurance coverages for contractors.  At Muller Insurance, our staff of certified professional insurance agents can type a certificate right away for you. We have great pricing and service and can offer you special payment plans. In most cases we can give you an immediate quote.

General Liability Insurance:  Contractor’s liability insurance protects contractors against third party claims of property damage, personal injury, negligence, contractual liability and law suits that may occur while operating their business.  Liability insurance helps protect the contractor and can help defray the costs of attorney fees. General Liability Insurance covers bodily injury and property damage and also provides coverage for claims arising on account of property damage and bodily injury after the completion of a project. The Owners and Contractors Protective (OCP), which provides coverage relating to subcontractors, is included as a part of the general liability policy. Typically, a general contractor is not responsible for a subcontractor’s mistakes, but there have been times when attorneys for subcontractors sue the general contractor for negligence. As a precaution, a general contractor needs to ensure that any subcontractor they hire has general liability insurance. General contractors, who hire subcontractors that have General Liability coverage, will pay a lower premium on their insurance policy.

Workers Compensation Insurance:  If you have employees or are a corporation or LLC, New Jersey law says you must have Workers Compensation coverage. Compensation coverage will properly cover you if an employee gets hurt. In New Jersey, all Workers Compensation rates start at the same level. At Muller Insurance, we offer special managed care discounts for you from 10% all the way up to 17% if your business qualifies. Payment plans are available.

The Workers Compensation Insurance policy includes two parts: Part 1 provides benefits to employees who are injured or suffer from a disease that arises out of and in the course of employment. These include Medical, Income and Death Benefits. Part 2 provides Employer’s Liability that protects the employer against a variety of common law exposures for injuries that arise out of the course of employment. This coverage was designed to cover claims that are not subject to workers’ compensation laws. Such claims usually include claims made by the spouse or children of the injured worker or claims made by those who are exempt from the workers compensation policy coverage, i.e. minors.

Completed Operations Coverage: This coverage is extremely important for contractors. When a contractor is working on a site they are responsible for the staff’s safety and someone possibly getting hurt, for example tripping over a tool.  When their job is done, accidents happen and the contractor can be taken to court because their finished work can be a source of liability. An example would be an overhead door is installed in a garage and three months later the door malfunctions and falls on a car damaging it.  The owner of the car will expect the contractor to be responsible for the damages. The completed operations coverage will protect the contractor in this case, as long as the damage is not due to bad workmanship.

Find out all there is to know about Contractors Insurance at Muller Insurance in  Hoboken where our certified professional insurance agents help you secure a  safety net of insurance coverage to fit your business needs.

 

 

 About Roger J. Muller, Jr.

Overseeing Muller Insurance’s day-to-day operations and always improving how the company can better serve its clients, Roger J. Muller, Jr. is a Certified Professional Insurance Agent (CPIA) with 32 years experience in the insurance industry. He’s a travel agent, Certified Real Estate Appraiser (CREA), Certified Environmental Inspector (CEI), licensed Real Estate Broker and licensed Insurance Agent in the following states: New Jersey, New York, Pennsylvania, Connecticut, North Carolina, South Carolina, Florida, Maryland, Washington D.C., New Mexico, Arizona, Vermont, Ohio, Delaware, Maine, Georgia, Virginia and New Hampshire. Roger J. Muller, Jr. is a member of Sigma Xi, a lifetime member of the Hudson River Fishing Association, and Shriners-Salam Temple. A graduate of Ramapo College of New Jersey, Muller is a past board member of the Ramapo College Alumni. He has been a member of the Board of the Hoboken Chamber of Commerce since 2000 and served as Vice President in 2010.  He is a New Jersey Notary Public and a member of the Young Insurance Agents, NJ. He is a certified member of  the Hoboken Community Emergency Response Team (CERT) that responds to emergencies like building collapses, flooding and acts of terrorism.

Living in a Condo or Co-op building would be chaos without the leadership of a condo/co-op board of Directors and/or Officers to ensure the building’s maintenance, repairs and renovations are up-to-date and protect condo-owners, co-op shareholders and building residents – and the boards themselves – from any possible liability. Condo/Co-op Associations need insurance coverage that includes Fire and Liability Insurance for the building’s common areas, Directors’ and Officers’ Liability Insurance, Bonds, Umbrellas, Flood and Workers Compensation.

At  Muller Insurance, we insure a large percentage of the condo associations in the  New York/New Jersey Metropolitan Area and we are familiar with your needs. Our rates are very competitive and in some cases we can include the Directors and officers (D&O) liability in one policy to save time and money.

It is up to the Condo Association to secure a Master Policy that covers the building and all materials that make up the condo/co-op building. These policies are usually “special form” coverage  which includes losses from fire, lightning, hail, wind, vandalism, sprinkler  leakage, smoke and building collapse. Master Policies are normally written on Business Owner Policy aka BOP or Commercial Package Policy aka CPP. Some  exclusions apply like acts of war, earthquakes, and flood.

It is real important that condo or co-op associations purchase insurance requested in the by-laws insurance section.

Master Policy Coverage can include:

Replacement Cost – Pays for the cost of replacement usually with a stated amount limit (for example: up to 125% of original value) (Note: most condo by-laws require that association building insurance must be replacement cost in case of  a loss).

Actual Cash Value (ACV) – Pays for the value at the time of the loss. This usually includes depreciation and usage deductions.

Guaranteed Replacement Cost – Pays with no maximum limit. Deductibles usually apply to a covered loss.

Condo/Co-op Association Insurance also includes liability coverage for the covered premises. This liability coverage protects the association from a law suit brought against it as a result of an accident or injury that may occur on or in the condo property.  Unit owners need to protect their personal liability by purchasing a Homeowner 6 policy which will cover their interior walls, betterments and improvements, and contents and personal liability. The master policies liability coverage will not cover the owner or tenants’ liability inside the condo or co-op unit.

Directors and Officers Coverage (D&O): The condo association’s directors and officers are also exposed to law suits for their activities pertaining to the management of the association’s business. Directors and Officer’s coverage, usually known as D&O Coverage should be included in master policies. This coverage protects the personal finances and assets of the directors and officers in the event of a law suit.

Other coverages available include:

Boiler and Machinery: Provides coverage for the heating and cooling equipment that services the building. Losses due to wear and tear and age are not covered.

Fidelity Bond: Provides coverage for the coverage association should one of the officers steal money from the condo association.

Terrorism: Provides coverage to your property in the event that it is destroyed by a certified terrorist act.

Flood: Provides damage to your property from rising water. This is a standard exclusion on all policies and a policy must be purchased separately.

Earthquake: Provides coverage for your property if it is damaged by an earthquake. This coverage is a standard exclusion on all policies and must be purchased.

Medical Payments: Provides medical payments for someone that gets hurt on your property and just wants you to pay their medical bills.

Sometimes the association also acts as an employer for work such as painting, minor repairs and snow removal, etc. Employment Practices Liability insurance should be obtained to protect the association in case a suit is brought against them as a result of the work performed.

If you are interested in more information on condominium and co-op coverages, we have information on our website: www.mullerinsurance.com.  Click on Condo Insurance.

The Condo/Co-op Association’s Master Policy should be reviewed every year by board members, the building’s management company and a licensed insurance professional. At Muller Insurance, we handle many Condo/Co-op Associations’ policies and can help you secure complete coverage that protects the association, condo owners and co-op shareholders.

 

 

About Roger J. Muller, Jr.

Overseeing Muller Insurance’s day-to-day operations and always improving how the company can better serve its clients, Roger J. Muller, Jr. is a Certified Professional Insurance Agent (CPIA) with 32 years experience in the insurance industry. He’s a travel agent, Certified Real Estate Appraiser (CREA), Certified Environmental Inspector (CEI), licensed Real Estate Broker and licensed Insurance Agent in the following states: New Jersey, New York, Pennsylvania, Connecticut, North Carolina, South Carolina, Florida, Maryland, Washington D.C., New Mexico, Arizona, Vermont, Ohio, Delaware, Maine, Georgia, Virginia and New Hampshire. Roger J. Muller, Jr. is a member of Sigma Xi, a lifetime member of the Hudson River Fishing Association, and Shriners-Salam Temple. A graduate of Ramapo College of New Jersey, Muller is a past board member of the Ramapo College Alumni. He has been a member of the Board of the Hoboken Chamber of Commerce since 2000 and served as Vice President in 2010.  He is a New Jersey Notary Public and a member of the Young Insurance Agents, NJ. He is a certified member of  the Hoboken Community Emergency Response Team (CERT) that responds to emergencies like building collapses, flooding and acts of terrorism.

Nothing beats that wonderful feeling of accomplishment when you purchase your condominium or co-op. If you have purchased a condo or co-op, and have secured your mortgage with a bank, the bank will require insurance to protect its investment. You may, however, need more insurance to cover your personal items, liability, or fees that may be charged to you regarding shared areas of the building like the lobby. You will need two separate policies to protect your investment:

Your own insurance policy: This provides coverage for your personal possessions, structural improvements to your apartment and additional living expenses if you are the victim of fire, theft, or other disaster listed in your policy. You also get liability protection.

A Master Policy provided by the condo/co-op board: This covers the common areas you share with others in the building like the roof, basement, elevator, and boiler, and walkways for both liability and physical damage. To adequately insure your apartment, it is important to know which structural parts of your home are covered by the condo/co-op association and which are not. You can do this by reading your association’s bylaws and/or proprietary lease. If you have questions, talk to your condo association, insurance professional, or family attorney.

Sometimes the association is responsible for insuring the individual condo or co-op units, as they were originally built, including standard fixtures. The  individual owner, in this case, is only responsible for alterations to the original structure of the apartment, like remodeling the kitchen or bathtub.  Sometimes this includes not only improvements you make, but those made by previous owners. In other situations, the condo/co-op association is  responsible only for ensuring the bare walls, floor and ceiling. The owner must insure kitchen cabinets, built-in appliances, plumbing, wiring, bathroom fixtures etc.

A Condominium Unit Owners Policy insures your items including permanent fixtures such as floors, cabinets, tiling, etc as well as any upgrades made to this items which is part of your unit.  You should know the square footage plus the cost of any recent upgrades when asking for a quote. Your unit owner policy protects your personal property such as clothing and furniture whether on or off premise.  When obtaining a quote please have an idea as to how much coverage is needed for your personal property.

Should a covered loss occur to your unit such as a fire, you may need a temporary place to stay. This coverage is called Loss of Use. Loss of use will cover the cost to maintain your standard of living while your unit is being restored up to the coverage limit at the time of the loss.

Personal Liability will protect you in the event of a suit brought against you due to injuries someone sustained in your unit.  There are different limit options, please ask your agent to provide the different options available. You may also want to ask your agent about the following additional coverages:

Unit Assessment: This reimburses you for your share of an assessment charged to all unit owners as a result of a covered loss. For instance, if there is a fire in the lobby, all the unit owners are charged the cost of repairing the damage

Water back-up: This insures your property for damage by the back-up of sewers or drains. Water back-up may not always be included in a policy. Check to see that it is included.

Umbrella liability: This is an inexpensive way to get more liability protection and broader coverage than is included in a standard condo/co-op policy.

Flood or earthquake: If you live in an area prone to these disasters, you will need to purchase separate flood and earthquake policies. Flood insurance is available through FEMA’s National Flood Insurance Program (http://www.floodsmart.gov/floodsmart/pages/index.jsp). Both flood and earthquake insurance can be purchased through your insurance agent.

Floater or endorsement: If you own expensive jewelry, furs, or collectibles, you might consider getting additional coverage since there is generally a $1,000 to $2,000 limit for theft of jewelry on a standard policy. When purchasing insurance, it is important to find an agent or company that specializes
in condominiums or co-ops. Also don’t forget to ask about all available discounts. You can reduce your rates by raising your deductibles and by installing a smoke and fire alarm system that rings at an outside service. If you insure your unit with the same company that underwrites your building’s insurance policy, you might also get an additional reduction in premiums.

The qualified insurance professionals at Muller Insurance can help you enjoy your new condo/co-op with the peace of mind that comes with knowing your home and family are fully-protected with the right insurance.

About Roger J. Muller, Jr.

Overseeing Muller Insurance’s day-to-day operations and always improving how the company can better serve its clients, Roger J. Muller,  Jr. is a Certified Professional Insurance Agent (CPIA) with 32 years of experience in the insurance industry. He’s a travel agent, Certified Real Estate Appraiser (CREA), Certified Environmental Inspector (CEI), licensed Real Estate Broker and licensed Insurance Agent in the  following states: New Jersey, New York, Pennsylvania, Connecticut, North Carolina, South Carolina, Florida, Maryland, Washington D.C., New Mexico, Arizona, Vermont, Ohio, Delaware, Maine, Georgia, Virginia and New Hampshire. Roger J. Muller, Jr. is a member of Sigma Xi, a lifetime member of the Hudson River Fishing Association, and Shriners-Salam Temple. A graduate of Ramapo College of New Jersey, Muller is a past board member of the Ramapo College Alumni. He has been a member of the Board of the Hoboken Chamber of Commerce since 2000 and served as Vice President in 2010.  He is a New Jersey Notary Public and a member of the Young Insurance Agents, NJ. He is a certified member of  the Hoboken Community Emergency Response Team (CERT) that responds to emergencies like building collapses, flooding and acts of terrorism.

 

If your apartment building is in good condition, Muller Insurance can definitely save you money on insurance. Our special Apartment Building package policies can cover you for fire, loss of rental income, building code/law, sewer/drain backup coverage, and liability. At Muller Insurance, we insure all types of apartment buildings including those with stores. Our companies offer discounts for multiple locations, sprinkler systems, fire resistive, and newer construction.

Muller Insurance has special policies for 1-4 family tenant occupied or 3 & 4 family owner occupied dwellings. The policy includes fire, rental income, medical payments, and premises liability. Note: if you own a 3 or 4 family dwelling and live in it, you need to purchase an HO-4 policy which will cover your contents for fire and personal liability.

Dwelling Insurance is categorized into three forms of coverage: DP1 (Basic form); DP2 (Broad form); and DP3 Special form). Here’s the breakdown on each:

DP1 Coverage (Basic) includes: Fire (hostile fire) and Lightning; Windstorm and Hail; Explosion; Riot or Civil Commotion; Vehicles or Aircraft; Smoke–sudden accidental damage from smoke; Vandalism – malicious damage to property, including damage caused by burglars.

DP2 Coverage (Broad) – includes (in addition to the coverages in DP1) – Damage by Burglars; Falling Objects; Weight of ice, snow or sleet – damage to property within a building caused by the weight of ice, sleet, or snow; Accidental discharge or overflow of water or steam – from within a plumbing, heating, air conditioning or automatic fire protective sprinkler system or from within a household appliance; Sudden and accidental tearing apart, cracking, burning or bulging – of a steam or hot water heating system, an air conditioning or automatic fire protective sprinkler system, or an appliance for heating water; Freezing – of a plumbing, heating, air conditioning or automatic fire protective sprinkler system or of a household appliance; Sudden and accidental damage from artificially generated electrical current; Volcanic Eruption – other than loss caused by earthquake, land shock waves or tremors.

DP3 Coverage (Special Form) which is the best coverage available, includes (in addition to the coverages in DP1 and DP2); Breakage of Glass or Safety Glazing Material (only if part of a building, storm door or storm window); and offers 10% of coverage for Off Premises Contents.

Keep in mind that Flooding is not covered under any of these DP forms and must be covered additionally with a floater.

Why not call or stop in at Muller Insurance in Hoboken for a free consultation. See why our personalized customer service is highly-regarded by our clients. Read customer reviews on our website www.MullerInsurance.com and learn more about how we can save you money on  apartment building/dwelling insurance.

Call us today for a free quote!

About Roger J. Muller, Jr. Overseeing Muller Insurance’s day-to-day operations and always improving how the company can better serve its clients, Roger J. Muller, Jr. is a Certified Professional Insurance Agent (CPIA) with 32 years’ experience in the insurance industry. He’s a travel agent, Certified Real Estate Appraiser (CREA), Certified Environmental Inspector (CEI), licensed Real Estate Broker and licensed Insurance Agent in the following states: New Jersey, New York, Pennsylvania, Connecticut, North Carolina, South Carolina, Florida, Maryland, Washington D.C., New Mexico, Arizona, Vermont, Ohio, Delaware, Maine, Georgia, Virginia and New Hampshire. Roger J. Muller, Jr. is a member of Sigma Xi, a lifetime member of the Hudson River Fishing Association, and Shriners-Salam Temple. A graduate of Ramapo College of New Jersey, Muller is a past board member of the Ramapo College Alumni. He has been a member of the Board of the Hoboken Chamber of Commerce since 2000 and served as Vice President in 2010.  He is a New Jersey Notary Public and a member of the Young Insurance Agents, NJ. He is a certified member of  the Hoboken Community Emergency Response Team (CERT) that responds to emergencies like building collapses, flooding and acts of terrorism.

Many car owners spend a good deal of time driving to work,  business appointments, dropping kids off at school, and keeping cool while maneuvering a gridlocked merge into the Lincoln Tunnel. When you least expect it, an emergency arises. Drivers can have peace of mind when they have the right auto insurance coverage that protects their loved ones, their car, and themselves.

At Muller Insurance, our auto insurance products are provided by Chubb, Mercury, Travelers, and Progressive Insurance Companies. We provide the most respected names in the insurance industry.

Mandated by the state, auto insurance is a contract between you and an insurance company that protects you against financial loss if you have an accident. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. Most auto policies are for six months to a year. An auto insurance policy is comprised of different kinds of coverage such as liability and physical damage.  Most states require you to buy some, but not all, of these available coverages. If you’re financing and/or leasing a car, your lender will also have certain requirements.

Key coverages on an auto policy are liability, physical damage, and medical expenses which are defined as follows:

Physical Damage Coverage: pays for damage to your vehicle if you were in a collision, the windshield was damaged or broken, the vehicle catches on fire, is stolen, or vandalized.

Liability Coverage: pays for your legal responsibility to others for bodily injury or property damage that occurred due to your negligence.

Medical Coverage: pays for the cost of medical treatment due to injuries sustained in a covered loss.

There are 2 key types of loss settlements for damage to your vehicle. They are:

Agreed Value Coverage and Actual Cash Value.

Agreed Value allows you to know the settlement value if your vehicle is declared a total loss whereas Actual Cash Value is subject to depreciation and deductible. Please speak to your insurance representative to determine what type of coverage you currently have.

We also provide coverage for drivers who have the following: 7 or more points, DUI, DWI, and/or policy cancellation for over 30 days.

Sure, you can purchase auto insurance quite easily online, but if you really want peace of mind behind the wheel, I recommend visiting your local insurance agent, where you can fine-tune your car insurance policy to protect your lifestyle, the car that gets you where you need to go, and your friends and family who trust you with their lives.

Please call us for a free quote today!

 

 

 

About Roger J. Muller, Jr.

Overseeing Muller Insurance’s day-to-day operations and always improving how the company can better serve its clients, Roger J. Muller, Jr. is a Certified Professional Insurance Agent (CPIA) with 32 years’ experience in the insurance industry. He’s a travel agent, Certified Real Estate Appraiser (CREA), Certified Environmental Inspector (CEI), licensed Real Estate Broker and licensed Insurance Agent in the following states: New Jersey, New York, Pennsylvania, Connecticut, North Carolina, South Carolina, Florida, Maryland, Washington D.C., New Mexico, Arizona, Vermont, Ohio, Delaware, Maine, Georgia, Virginia and New Hampshire. Roger J. Muller, Jr. is a member of Sigma Xi, a lifetime member of the Hudson River Fishing Association, and Shriners-Salam Temple. A graduate of Ramapo College of New Jersey, Muller is a past board member of the Ramapo College Alumni. He has been a member of the Board of the Hoboken Chamber of Commerce since 2000 and served as Vice President in 2010.  He is a New Jersey Notary Public and a member of the Young Insurance Agents, NJ. He is a certified member of  the Hoboken Community Emergency Response Team (CERT) that responds to emergencies like building collapses, flooding and acts of terrorism.