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Sloan Insurance Agency

33 2nd St
Elmer, NJ 08318

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When Does a Contractor Need to Buy Workers’ Compensation Insurance?

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If you’re a contractor with at least one paid employee, state law requires that you have workers’ compensation. This insurance protects both you and your employees. If you’re a contractor or a sole proprietor who serves  Elmer, NJ, the Sloan Insurance Agency can help you find insurance that complies with the law.

Benefits of Having Workers’ Compensation Insurance

Workers’ compensation usually protects you and your assets from lawsuits by employees who suffer work-related injuries or illnesses. If you do not have this insurance, you are subject to fines.

Workers’ compensation is designed to give medical coverage to employees who are injured on the job. And if a worker’s injuries cause the loss of wages, this insurance may replace the pay.

This coverage may also give disability benefits to employees if they’re permanently disabled due to a job-related injury or illness. Additionally, rehabilitation for medical and job retraining needs may be available.

Interstate Work and Considerations in Determining Premiums

Maybe you’re a contractor with headquarters in another state. If you or your employees work in New Jersey or if the contract for that work was signed in that state, you need to have workers’ compensation through a New Jersey insurer. The premium you pay for workers’ compensation is based on the type of work you do; your claims record as an employer, and the size of your payroll.

Contact The Sloan Insurance Agency

One part of having a business that runs fairly smoothly is having insurance. That way, you and your employees have some help in the event of accidents or illnesses. The Sloan Insurance Agency, which serves Elmer, NJ, can help you purchase workers’ compensation insurance. Contact our agents today.

Classic Car Insurance Terms to Know

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At the Sloan Insurance Agency of Elmer, NJ, we know that insurance policies contain some complex terminology. We deal with these terms daily, but our clients don’t, so we put together this short primer on classic car insurance terms you need to understand before purchasing your policy.

Diminishing Deductible

Some policies offer a diminishing deductible that reduces either annually or according to another specified term, such as every three years or every five years. The diminishing deductible requires that you remain claim-free for the year; we apply it at your annual policy renewal.

Limited Use Coverage

Classic car insurance limits the mileage you can accrue in the vehicle. Limited use coverage offers a lower premium for driving below the mileage limits, typically 5,000 miles or less per year. Some classic car insurance limits driving to 1,000 miles per year.

Agreed Value Coverage

When purchasing classic car insurance, your vehicle undergoes an evaluation to ascertain its value. You and the insurance company agree to this specific valuation as the amount you will receive if your vehicle gets totaled in an accident. Not all policies use agreed-value coverage.

Actual Value Coverage

Very few classic car insurance policies offer actual value coverage. However, you should still know that if you see this in your potential policy, it refers to a depreciated value of your vehicle. Actual value uses Blue Book depreciation value and wear and tear when determining the valuation of a damaged or totaled classic car.

Stated Value Coverage

Stated value coverage seems like agreed value coverage until you read the fine print. With stated value coverage, you bring your insurance company legal documentation proving the value of your classic car. That’s the value you insure it for, but the insurer can choose the lesser of actual cash value or stated value if you file a claim.

Contact Sloan Insurance Agency Today for Classic Car Insurance

Let Sloan Insurance Agency help you insure your classic car. We serve Elmer, NJ, and the surrounding communities. Contact Sloan Insurance Agency today.

How to Get Your Motorcycle Ready for Spring/Summer Riding in New Jersey

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It’s time to think about getting your bike ready for warmer weather. As well as preparing for fantastic afternoons spent cruising down the highway, this will help you maintain high safety standards, potentially saving you money on your motorcycle insurance. Include a review of your motorcycle insurance on your checklist for peace of mind before you hit the road this spring and summer. Our friendly agents at Sloan Insurance Agency in Elmer, NJ can help. 

Motorcycle Maintenance Checklist

You’ll want a mechanic to review your motorcycle and replace any worn or damaged parts that pose safety issues. If you schedule maintenance every six months, you’ll be in for a smoother ride and potentially increase the useful life of your bike. Put this at the top of your motorcycle maintenance checklist. 

Things to Check Before Every Ride

Learning about your bike includes self-inspecting some components every time you ride. Here are a few things you can do yourself or request at your local garage. 

  • Check the tire pressure.
  • Check the brake fluid.
  • Peek at the brake pads
  • Inspect your chain
  • Look at the fuel filter
  • Check the oil
  • Test your battery

If you aren’t handy with a wrench, leaving your motorcycle at the garage for a thorough inspection is a good idea. Then, head to Sloan Insurance Agency to discuss your insurance coverage.

Do You Need New Motorcycle Insurance in Elmer, NJ?

Inspecting your motorcycle each spring is essential, but it’s equally important to review your insurance coverage periodically. The helpful agents at Sloan Insurance Agency can review your current coverage and review additional options that may benefit you. Contact us today to make an appointment and get a quote for your motorcycle so you can cruise confidently and enjoy all the warmer weather.

Do You Need to Insure Your Boat When it’s Out of the Water in Elmer, NJ?

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Boats can be expensive investments, so protecting them with the right insurance is essential. But how do you know if you need boat insurance when your boat is out of the water in Elmer, NJ? This blog post will discuss the coverage you need and how Sloan Insurance Agency can help.

What Types of Insurance Are Available? 

The type of boat insurance you need depends on several factors, including the size and value of your boat and where it is located. Two types of coverage are available for boats—liability and physical damage. 

Liability Coverage 

If you own a boat, consider purchasing liability coverage. This will cover any costs associated with property damage or bodily injury that your boat or its operation may cause. It also protects against legal defense costs if necessary. Liability coverage typically includes a deductible and limits on any payments made by the insurer. 

Physical Damage Coverage 

Physical damage coverage protects your boat if it is damaged by an accident or other unforeseen event (such as theft). This includes accidents caused by another person, natural disasters, vandalism, and collisions with other boats or objects in the water. Depending on your policy, physical damage coverage may also include repair costs for mechanical breakdowns or engine failure.

Do I Need Insurance When My Boat Is Out of the Water? 

Yes! Even if your boat is out of the water and not being used, it still needs to be insured because it can still suffer from theft or vandalism while not in use. Also, some insurance companies require that boats remain insured even when they are out of the water for extended periods (e.g., during winter).

If you have questions about insuring your boat when it’s out of the water in Elmer, NJ, contact Sloan Insurance Agency.

What does umbrella insurance cover?

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Umbrella insurance from the Sloan Insurance Agency is a type of policy that provides additional liability coverage to protect you from catastrophic loss in the Elmer, NJ area or anywhere else. It helps you cover the costs associated with personal injury lawsuits and other legal fees if you are found liable for an accident or situation that exceeds the limits of your existing homeowners, auto, or business insurance policies.

Umbrella insurance can help pay for damages like property damage, medical expenses, legal defense costs, libel or slander claims, and more. It also covers situations where you may not be legally liable but still have financial responsibility for another person’s injuries or property damage. This can include paying for a third party’s medical bills after an accident on your property.

It’s important to note that umbrella insurance does not cover all losses. Generally, it does not cover personal property damage or repair costs for your car or home. Additionally, it won’t cover intentional damage caused by you or someone in your family.

Umbrella insurance kicks in when the liability limits of your existing policies are exceeded. For example, if you’re found legally liable for an accident that causes $100,000 in damages, your auto insurance only covers up to $50,000 in liability costs. Umbrella insurance could cover the additional $50,000.

Umbrella insurance is a smart way to protect yourself from catastrophic loss and give you the peace of mind that you are covered if the unexpected happens. It can be an invaluable addition to existing auto, homeowners, and business liability policies and help ensure you are prepared for anything life throws at you. Consider speaking with Sloan Insurance Agency today to determine if umbrella insurance suits you. We proudly serve the Elmer, NJ area.

Winter Riding Tips

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In New Jersey, like most northern states, motorcycling is typically a three-season thing. You get your bike out in the spring and put it away in the winter. But just as bicyclists keep churning away all winter long, there are also those dedicated souls to their motorized two-wheeled transportation.

Here are some tips for your winter riding from Sloan Insurance Agency. We serve Elmer, NJ with local pride.

Make Sure Your Helmet Is Ready For the Ride

Anyone who wears glasses knows that cold, moist air can fog your lenses, destroying visibility. Fortunately, winter helmets are available with electric defogging or an antifog layer on their visor, so you don’t have to stop.

Wear Cold Weather Gear

Spring and summer riding gear is designed to pass as much air as possible to keep you cool. In winter, cooling tactics can lead to hypothermia and frostbite. Frostbite is worse even than a burn. Protect yourself with warm clothes that resist the wind.

On The Road, Make Yourself Visible

Motorcycles have low visibility even in the best conditions. In the winter, you can be even harder to see. Wear high-contrast colors that pick up and reflect headlights so you can be easily seen while driving. Your life might ride on your color choices.

Pay Attention To Yourself

Cold weather can do a number on your reaction time and awareness, and on a long ride in the cold, you need to be prepared to stop in a warm place to warm up, maybe even several times. Your body is the most important thing you have, so protect it.

Winter motorcycle driving can be an exhilarating experience if you’re prepared for it. Talk to Sloan Insurance Agency in Elmer, NJ for a free, no-obligation quote for your motorcycle policy.

Five Types of Boat Damages Your Insurance Can Help You With

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Boating is an exciting and enjoyable activity for people of all ages. However, accidents happen, and when they do, the damages can be expensive and impede the fun. Fortunately, Sloan Insurance Agency serving Elmer, NJ, provides policies that cover common boat damages and help to protect you from financial losses. The following are the types of boat damages that most insurance policies cover.

1. Weather-Related Damages

Severe storms, floods, and other weather-related events can cause costly damage to your boat. It may be necessary to have your vessel towed and repairs made to the hull, engine, and other components. Your insurance policy can help cover the costs associated with these repairs.

2. Accidents and Collisions

Repair costs can be expensive if your boat is involved in an accident or a collision. Damage to the hull and other systems may require extensive repairs that are covered by most insurance policies.

3. Fire Damages

Fire on board a boat can be devastating and costly. Most insurance policies will cover the cost of repairs to your vessel and any personal items destroyed in the fire.

4. Vandalism

Most policies also cover vandalism on board a boat. This includes damage to the structure, paint, electronics, or other parts of your boat that were deliberately destroyed by someone else.

5. Theft and Piracy

Most insurance policies also cover theft or piracy of your boat. This can include the cost of recovery and replacing items stolen from your vessel.

Ensure Your Boat is Protected With Our Insurance Policies

Sloan Insurance Agency, serving Elmer, NJ, provides comprehensive boat insurance policies tailored to your needs. Our experienced agents can help you find the right coverage for your vessel, so you can enjoy peace of mind knowing that your boat and personal items are protected. Contact us today to learn more about our coverage options!

Does Umbrella Insurance Cover a Home Office in New Jersey?

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If you work from home in Elmer, NJ, you may wonder if your umbrella insurance policy will cover your home office in case of a liability claim. The short answer is that it depends on which policy you choose. Agents at the Sloan Insurance Agency are always available to discuss your policy and help you get the coverage you need.

Umbrella insurance is designed to provide liability coverage above and beyond the limits of your homeowner’s or renter’s insurance policy. So, if you have a $500,000 umbrella policy and are sued for $1 million, your umbrella policy would pay for the additional $500,000. However, it’s important to note that umbrella policies have exclusions, just like any other type of insurance policy. One of these exclusions is typically business-related activity.

So, if you work from home and are sued for something related to your business, it’s unlikely that your umbrella policy would provide any coverage. However, there are some exceptions. For example, clients or customers who come to your home office may be covered under your umbrella policy if they are injured while on your property. Similarly, employees who work from your home office may also be covered under your umbrella policy in the event of a work-related injury.

In conclusion, whether or not umbrella insurance will cover a home office in Elmer, NJ, depends on the specifics of the policy and the situation. Business-related activity is typically excluded from coverage, but some exceptions include injuries to clients or employees. If you have questions about whether or not your umbrella policy covers your home office, please get in touch with Sloan Insurance Agency for more information.

Three Ways to Make Your Home More Resistant to Flood Damage

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Although no home is entirely safe from the risk of flooding, there are ways to make your Elmer, NJ home more resistant to flood damage. By taking some simple precautions and making some strategic changes, you can help to protect your home and belongings from the ravages of floodwaters. Here are some tips from your helpful neighbors at Sloan Insurance Agency:

Keep gutters and downspouts clean.

One of the most important things you can do to protect your home from flooding is to keep your downspouts and gutters clean. When rainwater falls on your roof, it has to go somewhere. That’s where your gutters and downspouts come in. They channel the water away from your home and foundation and help prevent flooding. But they can’t do their job correctly if they’re clogged with leaves and debris. So make sure to keep them clean!

Build with water-resistant materials.

Water can cause a lot of damage to your home, and water-resistant materials can help prevent this. Water-resistant materials can also help keep your home cooler in the summer and warmer in the winter, saving you money on your energy bills.

Keep electrical system parts above flood level.

Keeping your electrical components above flood level is essential if you live in an area prone to flooding. This will help to prevent damage to your home and belongings and will also help to keep you safe. If you are unsure about the height of your home, it is a good idea to check with your local floodplain manager.

The Sloan Insurance Agency in Elmer, NJ offers flood insurance to protect your home or business from flood damage. We can help you choose the right coverage for your needs and budget. Don’t hesitate to get in touch with us today to discover more.

Three Ways to Make Your Home More Resistant to Flood Damage

Posted on by admin

Although no home is entirely safe from the risk of flooding, there are ways to make your Elmer, NJ home more resistant to flood damage. By taking some simple precautions and making some strategic changes, you can help to protect your home and belongings from the ravages of floodwaters. Here are some tips from your helpful neighbors at Sloan Insurance Agency:

Keep gutters and downspouts clean.

One of the most important things you can do to protect your home from flooding is to keep your downspouts and gutters clean. When rainwater falls on your roof, it has to go somewhere. That’s where your gutters and downspouts come in. They channel the water away from your home and foundation and help prevent flooding. But they can’t do their job correctly if they’re clogged with leaves and debris. So make sure to keep them clean!

Build with water-resistant materials.

Water can cause a lot of damage to your home, and water-resistant materials can help prevent this. Water-resistant materials can also help keep your home cooler in the summer and warmer in the winter, saving you money on your energy bills.

Keep electrical system parts above flood level.

Keeping your electrical components above flood level is essential if you live in an area prone to flooding. This will help to prevent damage to your home and belongings and will also help to keep you safe. If you are unsure about the height of your home, it is a good idea to check with your local floodplain manager.

The Sloan Insurance Agency in Elmer, NJ offers flood insurance to protect your home or business from flood damage. We can help you choose the right coverage for your needs and budget. Don’t hesitate to get in touch with us today to discover more.