AUTO INSURANCE
As your leading, local insurance agents, we are committed to protecting the drivers of our community with the most dependable auto insurance coverage— eliminating the hassle or barriers many face when dealing with a standard insurance company.
At A.C. Marmo & Sons, Inc. we supply you with as many options as possible; allowing our comprehensive insurance strategies to provide you with the opportunity to custom build a policy that meets all of your vehicle coverage needs. Not to mention that we have the ability to provide you with competitive, affordable auto insurance quotes online; allowing you to secure an affordable policy with us from the comfort of your own home!
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It’s important to remember that auto coverage can protect you from loss in the event of an unfortunate accident—making this policy all the more critical. We offer the following options for your auto insurance:
- Bodily Injury Liability – covers injuries to others caused by the policyholder while operating an automobile.
- Medical or Personal Injury Protection – covers treatment of the driver and passengers of the policyholder’s car in the event of an accident.
- Property Damage Liability – covers damages caused to someone else’s property by the policyholder while operating an automobile.
- Collision – insures the policyholder from loss during a collision with another vehicle or object.
- Comprehensive – protection for the policyholder’s car from damage and loss resulting from incidents other than collision.
- Uninsured Motorist Coverage – covers medical treatment of the policyholder’s injuries in the event of a collision with an uninsured driver.
Contact A.C. Marmo & Sons, Inc. to learn more about our various coverage options and receive a complimentary coverage review—as well as your free auto insurance quotes today!
Call 973-340-9100 or
HOMEOWNERS / CONDO / RENTERS INSURANCE
HOMEOWNERS INSURANCE
Your home-most likely is the largest investment you will ever make in your lifetime. So, let’s understand the three values that apply to every home and which one applies to your homeowner policy:
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Market Value – is based on supply and demand. It is the amount a buyer is willing to pay for your home, based on the condition of the home and the supply of homes in your area, regardless of what it would cost to rebuild it. Homeowner’s insurance does not take the market value into consideration at the time of loss.
Assessed Valuation – this value is set by the municipality to fund their budget and homeowner’s insurance does not take that value into consideration at the time of loss.
Replacement Cost – is the cost of labor and material to rebuild your home at time of loss. This is what your homeowner’s policy will cover at the time of loss.
Now that you know that your homeowner policy will pay the replacement cost to rebuild your home – the question becomes – how to determine the cost to rebuild your home? This is not an exact science, but this is what our agency will do to help you arrive with the approximate replacement value of your home:
- Take outside pictures of your home
- Do a measurement of the outside
- Review the type of construction
- Discuss with you all the rooms in the house together with all of the upgrades and any unique features
- Do a Marshall and Swift appraisal of your home
- Since the principal of our agency is a Realtor and has built six homes- he is extremely qualified to assist you in determining the replacement value of your home.
Homeowner insurance is not something you should cut corners on to save a few dollars-should a loss occur, you will be best served if you did your due diligence with a qualified insurance agency.
Combine your home and auto insurance in one policy to save 20%
Condominium unit owner insurance covers all your personal property (contents) and other items that pertain exclusively to your unit. You need to determine from the condo association the extent of their coverage for your unit. Their policy can be written on three different forms, that is:
Once you determine which of the above three policies your association provides, contact our office and we will assist you in constructing the proper coverage for your specific needs.
RENTERS INSURANCE
First and foremost, understand that the landlord’s insurance does not afford any coverage for your contents or liability.
A renter’s policy, a/k/a a tenant’s homeowner policy, affords the below coverage:
- Loss of personal property (contents), furniture, clothing, computers, electronics and bikes, etc.
- Losses caused by weather, fire, storms, wind, hail, lightening, freezing of a pipe, weight of ice, snow or sleet.
- Losses not weather related-theft: vandalism and riots.
- Personal liability
- Medical payments
Call to determine the proper amount of insurance coverage to satisfy your needs. 973-340-9100 or
SHORE PROPERTY INSURANCE
Those who live close to the coast, are lucky enough to experience the majestic sights and sounds of the ocean.
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But finding the correct insurance coverage for your coastal home can be a challenge.
Many insurance companies often have varying definitions of what “coastal” is, and there are many other details that need to be addressed. It is imperative that you consult an insurance professional who have many years of experience, placing this type of coverage. If you own a home that is near the water, it is of prime importance, that you secure the proper coverage and all the different provisions contained in various policies. It is better to find out what coverage and how it will work, before a claim occurs. Due diligence is mandatory for shore house properties.
Call 973-340-9100 or
FLOOD INSURANCE
Homeowner’s insurance does not cover flood damage-however did you know that flooding is ranked the #1 natural hazard in the U.S., occurring in and causing damages in all 50 states.
Flood insurance provides the necessary protection from destruction and financial devastations cause by floods. Although it may not seem like much, even a few inches of water can cause serious damage resulting in thousands of dollars in repair and restoration costs.
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Flood insurance offers protection against losses that result from heavy and lengthy rain falls, storm surges, blocked storm drainage systems, snow melts, etc. – allowing you to proactively safeguard your home and possessions.
Different types of flood insurance policies are available based on your property’s location and flood history:
Standard Flood Insurance Policies
If you live in a community that participates in the National Flood Insurance Program (NFIP), your building and its contents can be covered by standard flood insurance. Residents should be aware that the NFIP was established by the Federal Government to help communities who “voluntarily participate in the NFIP by adopting and enforcing floodplain management ordinances to reduce future flood damage.” To be considered a flood, the waters must cover at least two acres or affect at least two properties. You must apply for building coverages and contents coverage separately if you choose to invest in a standard flood insurance policy.
Preferred Risk Flood Insurance Policies
If your home or business is in a low or moderate risk zone, you building may qualify for a low-cost preferred risk policy. While you aren’t required to purchase flood insurance, residents in low-to-moderate risk areas, should consider a preferred risk policy which will protect your home and its contents if you are affected by a small flood or larger flood that has extended into your low-risk area. In truth, many flood insurance claims occur in low-to-moderate risk areas.
Don’t wait until its too late. From covering overall structural losses to your personal property, we help protect thing that matter most to you with dependable flood insurance.
There’s no reason why you should place your home and livelihood at risk. Contact A.C. Marmo & Sons, Inc. today; we’ll get you on the path to superior flood protection with an affordable and comprehensive flood insurance policy.
Call 973-340-9100 or
PROBATE / ESTATE BONDS
A Fiduciary is a person that is given power over someone else’s interests and assets. Bonds required of fiduciaries include Executor, Administrators, Guardianship, Trustees and Conservators.
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The term probate refers to a legal process that governs the distribution of a person’s assets upon their death and ensures that the wishes of a deceased individual are carried out.
When a person dies, usually a will is left naming an Executor of the estate. When there is no will the next of kin of the deceased file an application with the court to be named as Administrator of the estate. In either case a Probate bond is needed. A Probate bond is essentially the same as an Estate bond, Executor bond, Administrator bond or Fiduciary bond. The Probate bond, purchased by an Executor or Administrator ensures that the wishes of the deceased are carried out ethically and honestly.
A.C. Marmo & Sons, Inc. has the knowledge and experience to help you with all of your Probate Bonding needs with one of our many A+ Rated bonding companies.
Call 973-340-9100 or
PERSONAL UMBRELLA LIABILITY POLICY
A personal umbrella liability policy is written to provide higher limits of coverage, over the limits that are provided on your personal automobile and homeowners insurance policies. Limits for an umbrella liability policy start at $1,000,000 and can be increased to $25,000,000.
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You do not need to own a home to qualify for a policy, that is, if you are a tenant and have a renter’s policy, or if you are a condo unit owner, you also qualify for the policy.
As you know, in today’s society, many law suits are filed for the most frivolous incidents; e.g. your child leaves their toy on the sidewalk and someone trips on it. You hit someone with a golf ball on the course or you have a dog, trampoline and/or swimming pool on your property, you are in danger of a substantial lawsuit.
The premium for a personal umbrella policy is not expensive and usually costs under $300 annually for a $1,000,000 policy. Your policy should begin and end on the same dates as your auto and homeowners’ policies. Even if these policies do not have a common expiration dates, they can be adjusted to expire on the same day. Most importantly if you combine your auto, homeowners and umbrella liability policies with one insurance company, you will receive a 20% discount, one bill, with one company, payable on ten {10) monthly installments.
Please call to see how to achieve the savings by combining your auto, homeowner and umbrella coverages with one insurance company.
Call 973-340-9100 or
