Skip to content


Click to Call
Sloan Insurance Agency

33 2nd St
Elmer, NJ 08318

Get Directions

Set Sail with Confidence: Boat Insurance Basics for Elmer Residents

At Sloan Insurance Agency, we pride ourselves on helping Elmer, NJ boat owners to learn the basics. When choosing a boat insurance policy, it can be hard to separate fact from fiction. That’s why this guide is here to help you make sense of it all. Let’s take a closer look at some of the more prevalent myths regarding boat insurance.

“My insurance policy is tied to natural disasters.”

Many will allow themselves to believe that natural disasters will profoundly affect their insurance policies. However, this is not something that comes into play as far as boat insurance policies are concerned. Let’s say that a natural disaster does happen to take place. That does not mean there will be any effect on your policy. New Jersey residents will not be made to worry about another state’s issues.

“My policy lets me travel anywhere I want.”

This is something that will need to be discussed with our team of boat insurance agents. Don’t assume your boat is covered in all scenarios without asking the necessary questions during your policy selection process.

“My homeowner’s policy covers my boat.”

While it is true that a homeowner’s policy may provide some small measure of coverage for a boat, that does not mean that you should be operating under this assumption without taking the time to speak with our experts. We are here to let you know more about your current coverage and will guide you in the right direction regarding additional coverage.

If you have any further questions about boat insurance basics, please be sure to contact our team of experts in Elmer, NJ as soon as possible. We are happy to help our prospective clients learn everything they need to know.

Who needs to get an umbrella insurance plan in New Jersey?

Personal liability risks are something all people in the Elmer, NJ area need to consider seriously. One of the ways you can manage your liability risks is by getting a proper umbrella insurance policy. There are various situations when someone in this part of New Jersey wants an umbrella plan, which offers broad personal liability coverage. 

Those with Various Liability Risks

A situation when having an umbrella plan makes sense in New Jersey is if you have various liability risks. Many personal liability risks are covered by home or auto plans. However, there are situations when a claim may not be. If you are in a profession that could come with slander or other claims, you will want to know that you have support against this risk. An umbrella plan will offer support in many situations. 

Need for Additional Coverage

Home or auto insurance plans do offer some personal liability insurance support. However, there are always limits to these policies. If you are concerned about the risk of being liable for a significant claim that exceeds other policy levels, having umbrella insurance is a good option. This can offer you ample additional coverage that will kick in if you have exhausted liability coverage provided by the other plans. 

An umbrella insurance plan is always a good option for those in the Elmer, NJ area. As it can be beneficial to get this coverage here, you should call our team with the Sloan Insurance Agency as soon as you can. When you do call our team with the Sloan Insurance Agency, you are going to get all of the guidance you need to build an umbrella plan that will meet your needs and manage your liability risks. 

Four of the most important rules to follow when it comes to flood insurance

Flood insurance is essential for enjoying financial protection as a homeowner. Sloan Insurance Agency insures homeowners in Elmer, NJ, and protects them against the costs they may face due to flood damage.

The following are four of the most important rules to follow regarding flood insurance. 

Do some research on the flood risk in your area before buying a policy

You should be aware of the risk level that’s assigned to the flood zone you live in. The higher the flood risk in your area, the more flood insurance you should invest to protect your home’s value. 

Look into the possibility of getting a subsidy from NFIP

If you live in an area at risk of flooding, you can probably get a subsidy for flood insurance from the National Flood Insurance Program (NFIP). You should never buy private flood insurance before you have looked into this possibility. 

Make sure you know about any waiting period that your policy is subject to

Flood insurance policies are typically subject to waiting periods. This means you can’t buy flood insurance at the last minute when severe flooding is predicted in your area. Ensure you are aware of any waiting period that your flood insurance policy includes. 

Keep careful track of all documentation.

It’s best to have all your insurance policy records handy when needed. Keep careful track not only of your flood insurance policy but also of any correspondence that you receive from your flood insurance provider. 

At Sloan Insurance Agency, we’re here to meet all your flood insurance needs in Elmer, NJ. Call us today, and we’ll provide all the information you need to ensure your home is covered. Visit us online to get a policy quote!

Is It Time to Review Your Auto Insurance Policy?

If you’ve had your auto insurance policy for at least a year and haven’t reviewed it or made any adjustments, it may be time to look. At Sloan Insurance Agency, we help policyholders in the Elmer, NJ area find the right coverage for their specific needs. One of the ways we can do that is through reviewing your policy with you to find any areas where a change might be a good idea.

Our dedicated professionals will make suggestions and discuss why changes to your policy could be the best choice. Then, we’ll help you implement those changes if you want to make them or address any other concerns. There are some excellent reasons to review your policy, but it should also be done yearly, even if you don’t have any big life events that could affect your coverage.

Other good reasons to review your auto policy include adding a driver, getting a different vehicle, moving to a new location, changing how much you drive or how your vehicle is used, and other factors. You don’t want to end up without adequate insurance, and our agents are here to help reduce that risk. Then you not only have the right coverage for your needs, but you also have the peace of mind that comes along with that coverage.

If you’re in the Elmer, NJ area and need a review of your auto insurance policy, contact us at Sloan Insurance Agency today. We understand that insurance needs change over time, and we’re here to ensure you have the coverage that meets your needs. We’ll be happy to review your policy and make suggestions for a more secure future.

Understanding General Liability Insurance: Shielding Your Business from Claims

General liability insurance is one of the most common types of coverage that Elmer, NJ business owners buy to mitigate the risks of damages arising from claims. Sloan Insurance Agency delves into general liability insurance, its coverage, and how it protects businesses from claims.

What is general liability insurance?

General liability insurance is a type of insurance policy that protects businesses against bodily injury and property damage claims.

What does general liability insurance cover?

Every general liability insurance policy differs, but most cover bodily injury, property damage, personal injury (including libel and slander), advertising injury, and contractual liability. If a customer slips on your premises and gets injured, your general liability policy kicks in to cover medical expenses. In another scenario, if one of your employees accidentally breaks a customer’s computer while performing their duties, the policy could help cover the damage costs. Some policies also cover claims arising from subcontractors working for the business.

Why is general liability insurance essential?

General liability insurance is an essential tool for shielding businesses from costly claims. Even the most careful businesses may inadvertently cause injury or damage, leading to claims. General liability coverage ensures companies can continue operating while navigating the legal process, thus preventing bankruptcy and financial ruin.

How much general liability insurance do you need?

The amount of general liability insurance needed would depend on the size of your business, industry type, and risks associated with your company. One million dollars can be enough coverage for small businesses, while larger entities may need more.

All businesses in Elmer, NJ are vulnerable to claims regardless of their operation size. Protecting your business from such claims is essential to avoid financial ruin. Contact Sloan Insurance Agency today to get the coverage you need.

How Does Adding a Security System Affect Your Home Insurance?

Across the United States, a burglary occurs about once every 30 seconds, and there’s no telling when your Elmer, NJ home might be next on a burglar’s list. However, you’re three times less likely to experience a burglary if you equip your home with a security system.

But how might installing such a system affect your home insurance policy? At Sloan Insurance Agency, we can help you make the best possible coverage decisions for your home. In the meantime, here’s a closer look at the relationship between home insurance and home security systems.

What Happens to Your Insurance When You Install a Security System?

Some homeowners assume that installing a security system might raise their insurance rates, as they’re technically improving their homes by doing so. However, the opposite is usually true.

Remember, a home with a security system is up to three times less likely to wind up burgled. And since many security systems mean the house will be professionally monitored moving forward, and there’s also a lower likelihood of that home sustaining other types of damage.

All of this means the homeowner is significantly less likely to file a claim, which typically adds up to savings. Those savings could be significant depending on your policy and your choice of security systems.

What Counts as a Security System?

While any security measure may help you with home insurance, it should make sense that the more robust the system, the better the benefits. For example, installing deadbolts or intelligent locks on your doors can help, but not as much as a full-service security system.

The best benefits come from systems involving diligent professional monitoring, motion sensors, and similar features. But it’s generally still a good idea to speak with an experienced insurance agent before definitively deciding on a particular option for your Elmer, NJ home.

At Sloan Insurance Agency, we’re happy to help you make wise decisions about your existing and future homeowner’s insurance. Contact us today, and let us know how we can assist!

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

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

At the Sloan Insurance Agency of Elmer, NJ, we know that insurance policies contain some complex terminologyWe 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

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?

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.