Monthly Archives: February 2014

3 Things to Consider When Determining If You Need Flood Insurance

There are several different options available for you to choose from when you select your homeowner’s insurance.  Not all contingencies may be covered in your policy, so you need to make sure you know exactly what type of coverage you need and whether or not your chosen policy provides coverage for it.

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For example, some homeowner’s policies do not automatically include flood insurance or damage or loss caused by other natural disasters.  This can be especially true if you live in areas that are prone to higher rates of certain disasters or accidents.

If you aren’t sure whether or not you need flood insurance, here are three things to keep in mind when checking to see if this is a policy option or coverage that you should obtain for your home:

  1. You can check the Natural Hazard Disclosures in the paperwork you got when you purchased your home.  Certain residential zones are designated as “flood zones” by the Federal Emergency Management Agency (FEMA).
  2. Check at the local post office or county assessor’s office for the same information, if you do not have or cannot locate your original purchase paperwork.
  3. Perform a visual inspection of the surrounding property.  How are the storm drain runoffs situated?  Is there a low-lying creek or river nearby?  Are there historical records of flooding in your area?  Do the houses have subterranean basements?  You can also ask your neighbors and others in the community to find out if your neighborhood has had issues with flooding in the past.

When you are ready to purchase homeowner’s insurance or flood insurance for your home, let our professional and expert agents at Schumacher Insurance Group work with you to obtain the best coverage for your needs.  Contact us today to learn more!


Keep the Monthly Payments Low on Your Homeowner’s Insurance With These 5 Tips

Owning a home is not only one of the biggest investments that many people will make in their lifetimes, it can also be a continuing investment over the course of your life.  Your financial investment in your home does not stop once you’ve made your final mortgage payment, because you still have annual taxes, HOA fees, and homeowner’s insurance premiums that must be paid on a regular basis.

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Rather than letting your monthly homeowner’s insurance payments have you feeling overwhelmed or buried in periodic bills, here are five tips to follow that can help you keep these payments as low as possible:

  1. Shop around before choosing an insurance plan.  When you work with an independent insurance agency like Schumacher Insurance Group, you have access to the policies provided by several different major carriers.  This gives you the opportunity to choose a plan that best fits your needs, at the best possible rate.
  2. Combine policies with one carrier.  When you combine your home, auto, health, life, or other insurance plans with one carrier, you are usually able to get multi-policy discounts.
  3. Add security features to your home.  This can include a security system, motion activated exterior lighting, fire suppression system, smoke alarms, and carbon monoxide monitors.
  4. Have an annual review performed on your policy.  You may be paying for coverage you don’t need, so have your policy reviewed regularly.
  5. Keep your credit in good shape.  The quality of your credit can affect the rates you pay for insurance, so avoid a bad credit rating.

Let our professional agents work with you to get the best possible rates on your homeowner’s insurance, or all your other insurance needs.  Contact us today to learn more!

We Offer Amazing Auto Insurance Plans for Our Amazing New Jersey Teachers

It is an occasionally held opinion that being a teacher is a thankless position; being responsible for educating the young minds of our country with very little reward for the tireless dedication and effort that goes into preparing those minds to be our future leaders.

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At Schumacher Insurance Group, we have a fantastic bonus for those dedicated teachers who are shaping the minds of tomorrow – a “teachers only” auto insurance plan for New Jersey educators and school employees.

Part of what makes our New Jersey teachers’ auto insurance plans so great for the teaching community is their exclusivity.  We can offer coverage at a lower rate because the insurance plans are for teachers only, rather than being available to everyone.  Other great features of the teachers’ auto insurance include a zero deductible for accidents and mishaps that occur in school zones or on school property and free roadside assistance.

Working with our independent insurance agency allows you to have access to the policies and coverage options of several different major insurance providers, rather than being restricted to the options provided by one primary carrier.  Learn more about our teachers’ auto insurance or the wide range of other insurance options and plans when you contact one of our knowledgeable and professional agents here at Schumacher Insurance Group today!

For Your Next Big Project, Make Sure to Have a Builder’s Risk Policy

Builder’s insurance provides a wide range of coverage for different situations and circumstances relating to active construction projects.  Builder’s risk insurance is part of builder’s insurance and is designed to cover risks associated with a construction job-site on which a structure is being built but has yet to be completed.

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Aside from providing coverage for the in-progress structure, builder’s risk insurance can also cover the materials on the job-site that will be used for completing the building.  In most cases, the maximum coverage provided by builder’s risk insurance is the appraisal value the structure will have once it is completed, excluding the value of the land upon which it was built.  This type of insurance is typically short-term, since it covers the active construction rather than the completed building.  If the construction project is delayed or takes longer to complete, the policy can often be extended.

Builder’s insurance generally covers damage or loss due to most natural disasters or those circumstances which are beyond the control of the builder, company, or individual being insured.  Some examples of covered incidents include fire, wind, hail, vandalism, and theft.  Situations that would not be covered would include earthquakes, employee theft, government actions or acts of war, contract penalties, and weather damage due to negligent storage of building supplies or materials.

If you are in need of builder’s insurance or a builder’s risk policy for your next construction project, let our expert agents at Schumacher Insurance Group work with you to obtain the coverage you need at a rate you can afford.  Contact us today to learn more about how we can help you meet all your business and personal insurance needs.

3 Considerations to Keep In Mind When Attaining Commercial Property Insurance

Whether you are a new business owner, have acquired a new location, or you are considering changing or upgrading your existing commercial property insurance, you definitely want to make sure that you obtain the best coverage for your needs at a price you can afford.

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Obtaining commercial property insurance is not a decision that should be made without careful thought beforehand.  You don’t want to accept the first insurance policy you take a look at, and you want to shop around for the coverage that meets all your business needs.  Here are three other considerations to keep in mind when attaining commercial property insurance:

  1. Determine what level of coverage you will require before shopping for policies.  Do you need coverage that extends to a second location?  Will your policy need to cover fixtures and additions?  There are plenty of options, so make sure you choose wisely.
  2. Work with an independent insurance agency.  An independent agency typically has access to the policies and coverage provided by several different major carriers, and they can help you find business insurance that meet all your needs without any compromises.
  3. Choose a plan with the future in mind.  Will the policy allow you to expand your coverage in the future, as your business expands?

Whether you have very specific ideas with regard to what you want out of your business insurance, or you only have a vague idea, our professional agents here at Schumacher Insurance Group can help you find a policy that gives you everything you want and need.  Contact us today to learn more about our business property insurance!

3 Differences Between Condo and Renters Insurance

When you have recently relocated and are looking for homeowner’s insurance to protect your belongings in the event of accidents or other unfortunate circumstances, make sure you know the difference between condo and renter’s insurance.

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  1. The primary difference between the two types of insurance is that condo insurance coverage is intended for those who purchase their residence, while renter’s insurance is for those who rent a place to live.  Whether you are renting a house, apartment, or other type of dwelling, the property owner’s insurance does not cover your belongings, so you need to obtain insurance coverage that does.  Condo insurance is essentially homeowner’s insurance, and protects the property and contents.
  2. Condo insurance covers add-ons and other fixtures of the dwelling.  This means that if structural changes are made or additions are built, the insurance policy can be modified to cover the changes.  Renter’s insurance does not provide this type of coverage.
  3. Homeowner’s insurance for condos is more comprehensive than renter’s insurance with regard to protections offered and coverage limits allowed.

If you are looking for insurance coverage for your new home, whether it’s a rental or a purchased residence, Schumacher Insurance Group can meet all your needs!  Contact us today and find out more about our insurance plans and get the most protection for your possessions at the lowest possible rate.

Make Sure Your Watercraft Insurance is Up to Date In Time for Spring

Spring is almost here and that means it is about time to start taking your boat, jet ski, or other watercraft out of storage and getting it ready to hit the water.

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Having fun in the sun while spending time on a river, lake, or the ocean is an awesome experience, but make sure your watercraft has the right automotive insurance coverage.  This is necessary in the event you have an accident while on the water, and you cannot always anticipate when unfortunate events might occur.

When you are ready to start shopping for automotive insurance for your watercraft, Schumacher Insurance Group can meet all your needs.  We are an independent insurance agency, which means we have access to the policies and coverage options offered by several different major carriers.  We can work with you to find the coverage you need at a rate you can easily live with.  This will give you the peace of mind of knowing that your watercraft will be protected when you take it out for some recreation.

Let Schumacher Insurance Group find a policy that provides the coverage you need to have, at a very reasonable rate.  When it’s time to obtain insurance coverage for your watercraft, or for any of your other insurance needs, contact us today and learn more about the benefits of working with our independent agency!

During Flu Season, Keep Yourself Healthy With These 5 Tips

Flu season is here and that means it is time for your annual flu shots.  Some people get their flu shots religiously, while others shy away from the vaccine.  Whether you get the flu vaccination or not, there are several healthy living tips you can take advantage of to make sure you stay healthy this winter.

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  1. Drink plenty of fruit juices, which are rich in vitamins, antioxidants, and other healthy natural ingredients.
  2. Always wash your hands after using the bathroom, preparing foods, or engaging in other activities that put you in regular contact with items that are handled by other people.  Also wash your hands or use sanitizer after having physical contact (i.e., a handshake) with others who may be sick.
  3. Cover your mouth when you sneeze to avoid spreading germs.  Microbes that are pushed into the air by a normal sneeze can travel many feet.
  4. Use wet wipes to quick-clean commonly touched items and keep them germ-free.
  5. Avoid close contact with people who are sick, and do not share beverages, foot utensils, or other items with someone else (whether they are actively sick or not).

Stick to these and other healthy living tips and you’ll weather the winter in perfect condition!  Another consideration is to review your personal health insurance coverage to make sure you’ve got the protection you need if you do need to make a trip to the doctor.  Contact us at Schumacher Insurance Group today and find out how we can help you get the health insurance coverage you need at a price that you can afford!

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