Supplemental Insurance Explained

Modern Benefits LLC offers insurance coverage to New Jersey residents. We are an independent insurance agency. We strive to make sure that our clients are protected when an emergency arises. We take pride in offering flexible, custom policies. We will take time to discuss your needs and help you find the appropriate policy.

Supplemental Insurance Explained

Supplemental insurance provides extra protection when you need it. Sometimes serious accidents occur that lead to unexpected consequences. Generally, you rely on traditional liability coverage to protect you when you are responsible for the damage. However, there are some cases when your liability coverage will not fully cover the damage you’ve caused. In these situations, you may be forced to cover the excess damages out of pocket. Supplemental insurance helps you protect your assets in these situations.

If a guest is seriously injured while visiting your New Jersey home, you can use supplemental insurance to cover their extensive rehabilitation. Perhaps your teen driver accidentally causes damage to your neighbor’s home. Supplemental insurance covers you as you are responsible for the home’s repairs.

Perhaps you suffer an injury, and you are worried about how that may impact your family. You can use supplemental coverage to help stay afloat as you get healthy. Supplemental insurance is versatile enough to fill any need. Imagine your home suffers severe damage due to a natural disaster or an accidental fire. You can use supplemental insurance to assist with the repairs or to help you find alternative lodging until your home is repaired.

Modern Benefits LLC Will Help You Find The Right Coverage

Visit our website to learn more information about supplemental insurance.  

Why should New Jersey renters have renters insurance

More than 35% of New Jersey residents are renters. Only 41% of renters nationwide carry renters insurance. That means that 59% of people are betting something bad will never happen to them. That is pretty risky. If you think your landlord has insurance that protects you, you will be very disappointed if you ever have to file a claim. At Modern Benefits LLC in New Jersey, we are a locally owned and operated independent agency that believes customers need to know and understand their coverage. We get to know our customers so that we can serve them better.

Despite all the good things about living in New Jersey, bad things can still happen. Weather is unpredictable, fires can happen anywhere, and vandalism and theft know no boundaries. Any or all of these can happen to your rental. If you don’t have renters insurance, you stand to lose everything that is in your home. Renters insurance provides various coverage, and all of them can make you safer and more secure. 

Replace your personal items

One of the coverages provided by the renter’s insurance is contents coverage. You can choose to get replacement cost or actual cash value. If you have a 5-year-old laptop, you will get the actual depreciated value. With replacement cost, you get the amount it would cost to get a new laptop of a similar type. This coverage protects your personal items even when they are not in your rental but traveling around with you. 

Liability coverage

No one wants to get sued, but 10% of people do get sued every year. If it happens to be you, your rental insurance will provide some reimbursement for legal fees and a judgment. 

Contact Modern Benefits LLC in New Jersey with any questions you have about renters insurance. 

The benefits of comprehensive motorcycle insurance in New Jersey

If you are a new motorcycle owner or a veteran rider, Modern Benefits LLC is here to help with all of your motorcycle insurance needs. We are proud to serve the state of New Jersey and work hard to provide our clients with the coverage and protection they need. A primary policy may make your bike legal, but will it provide adequate protection? Those are the kind of questions that we are here to answer! Call or stop by today, and one of our knowledgeable agents will be happy to help you.

Benefits of a Comprehensive Motorcycle Insurance Policy

One of the biggest gaps in insurance coverage is liability protection. The basic policy requirements are often inadequate to provide the coverage needed when an event does occur. Unfortunately, when there is a covered incident, and insurance coverage is exhausted, it becomes the covered person who carries the liability rather than the insurance company.

With adequate planning and selecting an appropriate policy, policyholders can rest assured that they have the coverage they need. For instance, with a basic policy, one incident with injuries can be enough to exhaust a policy’s coverage. There’s no reason to have this happen to you, and with a comprehensive policy, you can carry the protection levels that are right for you.

Because of the high number of available policy options, selection can be a confusing process! Working with a registered agent can relieve some of this confusion. 

Contact us today!

If you are a New Jersey resident, Modern Benefits LLC is here to help you with your motorcycle insurance needs. Our agents are friendly and knowledgeable and want you to have a policy that meets your needs. Call our office today and schedule a consultation!

Is RV Insurance Required In New Jersey?

For most New Jersey residents, a recreational vehicle (RV) is a window to the world that allows you to explore amazing sceneries while enjoying home-like services. But whether you are taking every campground or have decided to park your RV, you need the right insurance coverage to protect your RV regardless of what comes your way.

RV insurance in New Jersey

Just like your vehicle, it’s mandatory to carry RV insurance in New Jersey if your RV is motorized. Otherwise, if your RV is towed by a trailer or a vehicle, it falls under auto insurance. 

New Jersey requires vehicles driven on the roads to carry minimum liability coverage as follows:

  • Property damage liability: Protects against third-party losses, and the minimum coverage required by the state is $5,000 for every accident you cause.
  • Bodily injury liability: Covers medical expenses of third-party injuries where you are at fault. The minimum coverage required is $15,000 per person in one accident and $30,000 for injuries to multiple persons. 
  • Property injury protection (PIP): Covers medical expenses sustained by you or your passengers in a vehicular accident. The minimum amount you are required to carry is $15,000 per person per accident.

While the state requires the above minimum, your agent should advise you on the right coverages to carry to ensure that you are protected even when involved in significant incidences.

Are there other RV insurance options?

When you visit Modern Benefits LLC, serving New Jersey and the surrounding areas, we will ensure you have the right liability coverages and also offer you the below RV insurance options for better coverage.

  • Uninsured/underinsured motorist coverage to protect you when involved in a vehicular accident with a driver with inadequate or no insurance. 
  • Collision coverage to pay for damages sustained by your RV in an accident.
  • Comprehensive coverage to protect your RV from theft, vandalism, fire, and other natural perils.

Protect your RV all year round

Whether your RV is parked or always on the road, the right RV insurance secures your investment throughout the year. At Modern Benefits LLC, we understand that your RV means the world to you, and you wouldn’t want anything to happen to your treasured asset. With this in mind, we provide RV insurance to New Jersey RV owners to ensure they have peace of mind wherever their RV takes them. Contact us today to buy coverage.

Why do you need boat insurance in New Jersey?

The state of New Jersey can be a great place to live throughout the year. If you are going to move to this state and want to enjoy it to the fullest, owning a boat can be a good option. With a boat in this area of the state, you will be able to enjoy all of the local lakes and other waterways in the area. Along with your boat, you also need to get boat insurance. You will need this coverage for a few different reasons. 

Coverage is a Requirement

You may need to have boat insurance in this area because it could be a requirement set forth by your boat lender and even certain local waterways. Anyone that takes out a boat loan will need to maintain a full boat insurance plan until the loan is paid off. Further, many local waterways require that all boat users maintain a full boat insurance plan as it ultimately protects all users in the area. 

Coverage for Asset

Having a boat insurance plan is a good idea, even if it is not required for you. Those who buy a boat will be making a big investment that they will want to enjoy for a long time. With a boat insurance plan, you will get the necessary coverage you need to repair or replace the boat if it is damaged or stolen.

As you are looking for boat insurance in New Jersey, you should call Modern Benefits LLC. The team with Modern Benefits LLC understands the value that comes with boat insurance. They can also help people by answering their questions and giving the support needed to build and choose a quality boat insurance plan. 

A Look At What Umbrella Insurance Entails

Modern Benefits LLC helps New Jersey residents find the insurance coverage they need to protect their assets. We strive to establish long term relationships with all of our clients. Our team is proud to serve the state as an independent agency.

Exploring The Benefits Of Umbrella Insurance

Umbrella insurance provides a layer of protection so that you will not be left bare when you have reached the limit of your liability coverage. You can add umbrella insurance to supplement some of your existing policies. Normally, the policy is used to cover you if you are involved in a serious liability dispute regarding your home or auto insurance. You could be held liable for substantial damages if someone gets injured at your New Jersey home or if you hit someone with your vehicle. During these difficult periods of litigation, umbrella insurance is an asset. It’s important to remember that umbrella insurance is designed to cover you in a potential liability dispute, not cover your property.

Umbrella insurance is versatile enough to protect you in multiple ways. If you have a pet, the policy can protect you if your dog injures someone. If you are a parent with a teenage driver, umbrella insurance may assist you if your child accidentally hits someone and sustains serious injuries.

Umbrella insurance can protect your business if one of your customers alleges that you gave them bad advice and pursues litigation based on slander. Umbrella insurance can protect your assets. If you plan to throw a party at your home, umbrella insurance can protect you. You will be covered if you serve alcohol at the party and one of your guests damages someone else’s property while they are under the influence. Without umbrella insurance, you may be held responsible for the damages.

Modern Benefits LLC Will Help You Protect Your Assets

Visit our website today to learn more information about umbrella insurance.

Who should carry flood insurance

Floods are one of the most common natural disasters. The oceans are rising with warming, and when a storm happens, more water is spilling into homes. Just one inch of water can cause more than $20,000 in damage. Hurricanes cause flooding even miles away from the coastline. Areas that never flooded before are now vulnerable, and no state can guarantee that it won’t suffer from flooding. Modern Benefits LLC in New Jersey is a locally owned independent insurance agency. We work with our customers to give them the right insurance products for their needs. 

New Jersey has suffered through more than 100 floods. Some of them were tide related, and some were river floods. It goes without saying that if your home is oceanfront and not on stilts or sits on the banks of a river, you need to carry flood insurance. If you have a mortgage and are in an area with high flood risk, your lender will require that you carry flood insurance. A simple answer to the question of who should have flood insurance is anyone who has any possibility of suffering from flood damage. 

To buy flood insurance, you must live in one of the 23,000 communities participating in the National Flood Insurance Program. You can purchase flood insurance through one of the 60 or so insurance carriers who sell and service it. Price is government-controlled, so choose the one you prefer based on service. Flood insurance comes in two separate parts building and content. You can purchase just one type or both. It has limits and exclusions, so read your policy carefully. 

If you think that flood insurance is right for you, contact Modern Benefits LLC in New Jersey to speak to our knowledgeable agents. We will help you put together a package that suits your needs and budget. 

Why should I get a new life insurance policy?

Anyone who lives in New Jersey needs to consider their personal needs when it comes to insurance. A common form of insurance to get today is life insurance. When you get a life insurance policy, it can help provide financial protection to your dependants. At some point in the future, you may need to evaluate your life insurance needs again. There are several reasons why you may need to get a new life insurance policy.

Coverage and Term Needs Change

You may need to get a new life insurance policy if your coverage and term need change. It is very common for people to change their life insurance coverage needs at some point in the future. If you do have a change in your coverage needs, you should alter your insurance plan accordingly. This could require that you get a new life insurance policy that meets your needs.

You Want to Change Coverage Type

At some point in the future, you may also determine that you want to change the type of life insurance that you have. For example, if you have typically only carried a term life insurance plan but want to take advantage of the financial benefits of whole life insurance, you may need to get a whole new policy entirely. It is important to evaluate your personal situation regularly to determine if switching to a new life insurance plan is right for you.

There are always a lot of reasons to consider a new life insurance plan. If you are going to look for a new New Jersey plan, you should call Modern Benefits LLC. The team at Modern Benefits LLC can help you evaluate your options and pick a quality policy. 

Why should I get an auto insurance policy?

If you are in the market for a new vehicle, you will need to make many important decisions. One of the most important decisions you will have to make will come when you acquire an auto insurance policy. For those that are in New Jersey, there are several reasons why you will need to have auto insurance and why picking a policy is a big decision.

Insurance is Required in the State

Those who want to have a car and drive it on a public road will continue to be very important to get proper insurance. For those who do get this insurance, you will have liability coverage that can help ensure you can pay for any damages that you may cause in an accident. Due to this importance, the state does require that you maintain this coverage at all times. Those that do not have it could be penalized.

Insurance Covers Asset

Another reason that you should get insurance for your car is that it will cover your asset. Buying a car will always be a big investment that you want to protect as well as you can. If you do get a full policy, it can give you collision and comprehensive insurance protection. This coverage will ensure you can pay for any damages to your vehicle or if it is stolen. 

It would be best if you have auto insurance when you drive in New Jersey. As you are looking for a new policy here, you should call Modern Benefits LLC. The team at Modern Benefits LLC can help you to determine what your needs are. We can give you guidance to choose a policy on your own. 

How commercial insurance can save my small business

As a small business owner in New Jersey, you are already well aware of all the work it requires to be successful. Even the most conscientious owner can’t anticipate all the things that can happen that endanger the health of your business. That is where commercial insurance becomes an integral part of your small business plan. It offers you the safety net you need to concentrate on the things you have control over and not stress about those you can’t control. At Modern Benefits LLC, we work with our customers to create a commercial insurance policy that gives you just the insurance you need. 

Commercial insurance is not just one policy. It is several policies that are bundled together to fit your needs. Every small business has different vulnerabilities, and covering those are what is important to you. 

Property insurance

Whether you are the building owner or a renter, you need to carry property insurance. If you rent, the landlord will be responsible for the physical structure, but there is so much more to your business than the building and where it is located. You have inventory, raw materials, machinery, office equipment, and more. If they are lost to a covered hazard, you need to be able to get up and running in a reasonable amount of time. 

Commercial auto insurance

If your company has even one vehicle that is used for business, you should have a commercial auto insurance policy. Keeping your personal vehicle separate from your business is a smart financial idea. 

Commercial liability insurance

So many things can happen that result in legal action against you, your business, and your products. A judgment against you can devastate your business, and you may not be able to survive the financial hit 

You may need other types of commercial insurance, depending on your business. In New Jersey,  Modern Benefits LLC has a team of experts who will help you put together the perfect package. Give us a call or stop by for a no-obligation quote.