Monthly Archives: March 2015

Make Your Home Child Friendly With These 5 Tips

If you have any young children, then you know that your main job is to keep them safe and healthy. One of the ways to ensure their safety is by making sure that you make your home child friendly. The following are 5 ways that you can make your home child friendly:

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  1. Lower the hot water temperature – There’s no reason for your water heater to be set at higher than 120 degrees Fahrenheit. If it is, there’s a chance that your child could accidentally be scalded while taking a bath.
  2. Install window guards – Over 4,000 kids end up in the emergency room every year because they fell out of a window. Install window guards to prevent this from occurring. You can also use window stops, which will prevent the window from opening more than 4 inches.
  3. Test for radon and lead paint – To make sure the home environment is healthy, make sure that there isn’t a high level of radon in your home. High levels of radon are believed to be the leading cause of lung cancer in those who don’t smoke. You should also check your paint for lead if your home was built before 1978 – especially if you are planning a renovation.
  4. Lock up poisonous products – Products such as cleaners, perfume, mouthwash and even vitamins should be locked up out of reach of your children. Over a million children are poisoned by ingesting some of these common household products every year.
  5. Ensure fire safety – Make sure there’s a fire extinguisher in the kitchen and that you have several smoke alarms and carbon monoxide detectors set up throughout your home.

Use these tips to make your home child friendly and be sure to contact us at Schumacher Insurance for all your insurance needs.

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Keep Your Company Covered With the Proper General Liability Coverage

General liability coverage is critical for anyone going into business, but do you need all that you need to know? Here is some important information for you to consider.

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What is general liability insurance?

General liability coverage will protect and cover:

  • your company’s assets; you policy also pays the obligations if anyone gets hurt on your property, is injured by you or an employee, and property damages, as well as your legal defense costs and settlement or award if you are successfully sued, including compensatory damages, punitive damages, and nonmonetary losses the injured person suffered;
  • protects against your liability as a tenant if you cause property damage to a place that you rent; and,
  • can cover claims of false or misleading advertising.

Why does your business need general liability coverage?

Simply put, you can be sued and given the low cost of insurance compared to the exorbitant costs of defending a law suit in addition to the settlement costs, an uninsured business puts it at risk.

Do you already have it?

Most businesses have a Business Owner’s Policy (BOP) that includes general liability insurance. However, review your policy because you might need more coverage under a separate policy.

What do you need?

You determine your general liability coverage needs based on the kind of business you are and the risks asocial with it. Therefore a building contractor needs more coverage than a marketing firm.

A second consideration is the location of your business. Some states award more damages t injured parties who claim personal injury.

How it works

Your policy will determine how much the insurance company will pay out for a liability claim. But always do your research into your industry to know coverage norms.

And, if you need assistance with your coverage, please contact us.

Renting Out Your Home? Use These 3 Types of Insurance to Keep Yourself Covered

Renting out your home is a great way to cover your expenses and even make a profit throughout the year. But it’s important to protect your home and yourself from various issues that may come up while tenants are renting the place out. Whether you’ll be renting out your home on a short or long-term basis, here are three types of rental property insurance that you can’t afford to be without:

Home Owners Insurance

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  • Business Insurance – If you plan to rent out your home on a short-term basis regularly throughout the year (for example, as a bed and breakfast or vacation rental) then you’ll need business insurance to cover accidents, injuries, and damage that might occur at the residence.
  • Rental Dwelling Insurance – if you plan to rent your home out to the same tenants for more than six months at a time, it’s essential to have rental dwelling insurance in place to cover natural disasters and other accidents that are common in the area.
  • Renter’s Insurance – Unlike the other two types of insurance listed here, renter’s insurance will cover the personal belongings of your tenants so there are no disputes to worry about in case of damage or theft.

With these insurance put into place, you can rest assured that your home, your personal assets, and your tenants’ assets are all protected from a myriad of different challenges that might come up from time to time. Don’t hesitate to contact us for more information about protecting your rental property.

Drive Safely in the Severe Winter Weather With These 5 Tips

It’s never too late in the season to learn, or be reminded of, how to stay safe on the road. Here are some drive safely in the severe winter weather tips to get you through to the spring.

Here are 5 Tips for Long Winter Road Trips

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Stay home

When severe weather is threatening, or road conditions are deteriorating quickly, simply stay home. Or if you are on the road, get to a hotel, grab some food and watch some television. At last postpone your travel until road crews have had a chance to low and sand and salt on the road.

Get proper tires

Another drive safely in the severe winter weather tips is to buy winter tires. Yes, they are expensive but likely less costly than a car accident. Summer tires get harder in the cold and lost the ability to grip. Winter tires are designed to grip the road in the cold giving you much needed traction and control. And when you buy winter tires,  buy all four of the ones with the snowflake on the mountain symbol are best.

If you don’t live in areas with regular winter weather, you can probably stick with all season radials, but they need to be in excellent condition.

Get Electronic Stability Control (ESC)

ESC pauses your car when it starts to slide. It works poorly when you are driving too fast,  driving on snow, or your tires are worn down, so think about becoming a better driver, too.

Learn how to catch a skid

For a front-tire skid, simply release the accelerator, leave your hands where they are and let the car slow down. If you try to turn, or slam on the brakes, nothing good will happen but something bad could if the traction comes back.

Contact us for your insurance needs in New Jersey.

Consider These 5 Types of Insurance Policies for Your Small Business

If you run a small business and are looking for coverage, Schumacher Insurance can assist you. We help in various facets of protection and can work to find the right types of insurance policies for your small business. There are several to choose from, and they cover important areas in the case of a crisis. Here are some to consider for your needs.

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  • General Liability

This is a policy every business should have. It is the most common because it protects in the event that there is damage to property or someone is injured. General liability is broad, and can be used for a number of areas.

  • Data Breach

If you have sensitive and confidential data on computers, this would be a smart policy to get. Information stored through paper or electronically is vital to a business, and should a breach or some major issue occur, know that you are covered.

  • Property Insurance

For small businesses that own a building, protect against potential damages like fire or theft with property insurance. It can go beyond the physical structure to cover your supplies, including tools, computers, and other materials.

  • Commercial Auto insurance

This is for the vehicles used in a business. Just like with your own car, trucks, SUVs, and other automobiles need coverage as well. You don’t want to take a chance if there is an accident.

  • Business owner’s policy

One of the best types of insurance policies for your small business is the business owner’s policy. It is a package of coverage that includes property, crime, and liability. By going with this type, you can save money.

These insurance policies can give you the coverage to run your business smoothly and securely. Know the risks and be protected.

For more information on Schumacher Insurance, contact us online.

Get Your Condo Properly Insured With These 3 Ideas

Condominium property insurance is a bit different than either homeowners or renters insurance in the fact that you will need to be covered by two separate policies. It will be your responsibility to obtain one of these, while the other falls under the authority of the condo board.

Condo Insurance

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Your policy is similar to a renters’ policy as it will cover your personal possessions including clothing, furniture and kitchenware. This type of policy covers loss in the event of fire, theft, vandalism and some natural disasters. It is important to find out in advance if your condo is in a flood plain, hurricane or earthquake zone as an additional rider may be required.

This policy will also include liability coverage in case someone is hurt while visiting your home. But you will need to speak with your agent concerning additional coverage on jewelry, furs and expensive electronics.

Then the community itself should have a master policy. It is important that you check with the condo board on a regular basis to ensure this policy is in force. This type of policy covers all shared areas including the roof, elevators, walkways, clubhouse and pool for both liability and physical damage.

Other ideas for insuring condos may include obtaining an umbrella liability policy. This provides additional protection to the general master coverage provided under a standard condo policy. An umbrella policy is generally very affordable.

An assessment is levied on each unit owner in the case of a loss or major repair. When discussing ideas for insuring condos with your agent remember to ask their opinion on unit assessment insurance options.

It is important to deal with an insurance company such as the Schumacher Insurance Agency which specializes in condo polices. For assistance please contact us today to ensure you are properly covered.

5 Health Insurance Trends to Keep In Mind

If you have not yet gotten health insurance, now is the time to get it. Thanks to President Obama’s Affordable Care Act, it is now mandatory that all Americans have health insurance and easier than ever to get it. It is also more readily available with lower costs than ever before. However, when you are selecting a plan, it is important to know about certain health insurance trends so that you can ensure that you are choosing the right one.

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  • There are tax penalties for each uninsured adult as a result of the Affordable Care Act. This means that if you are not insured by now, you will be required to pay a penalty of $95 or one percent of your total household income above the $10,000 mark.
  • If you get health insurance through your place of employment, the cost of the coverage is increasing. A research firm recently predicted that the cost of healthcare for employees in the workplace will increase by 5.5 percent in 2015.
  • Employers are opting for consumer driven health plans, which means that the plans have a higher deductible. Now, 48 percent of large employers offer this type of insurance plan to their employees compared to only 39 percent in 2014.
  • One of the most surprising health insurance trends occurring now is that employers are modifying the insurance plans they offer to employees. For instance, there are higher out of pocket plans, less provider networks and cuts in coverage to spouses of employees.
  • Some employers are choosing to provide wellness rewards or penalties. In other words, it’s cheaper to provide health insurance to employees who are healthy. Rewards will encourage people to get various health screenings.

If you need health insurance, be sure to get a free quote from the Schumacher Insurance Group.

Pick the Right Life Insurance Policy for You With These 4 Tips

With all of the unknowns in the world, it’s a smart decision to get a life insurance policy. Given of the available options in each policy, how do you know which one is right for you? Here are some guidelines to help you choose among life insurance policies:

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  1. You need insurance for a specific time frame: One of the benefits of a term life insurance policy is that the length of the policy itself can equal the length of time that you need the policy.
  2. You need insurance for a long time: If you need life insurance for a long time or for as long as you live, then consider permanent life insurance. It can also pay out a death benefit too.
  3. You need a large amount of insurance but your budget is constrained: A term policy works well in this situation, but there may be a payout only if you pass away during the term of the policy. Also, you will not generate equity through cash savings with this type of policy.
  4. You want an element of savings with your policy: You can generate and borrow tax-deferred funds in a permanent life insurance policy. Your death benefit serves as the collateral for any funds you borrow.

There are many factors involved in selecting insurance. If you have any questions about life insurance policies and which one is right for your situation, contact the experts at Schumacher Insurance. Their knowledge and experience will help you make the best decision and give you peace of mind.

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