Otterstedt Insurance Agency Blog | Insurance Questions Answered

6 Home Fire Safety and Prevention Tips

Written on February 14, 2018.

The National Fire Protection Association (NFPA) reports that in 2016 there were more than 1,342,000 fires reported in the U.S. resulting in 3,390 civilian deaths and approximately $10.6 billion worth of property damage. These numbers equate to a home structure fire reported every 90 seconds in...

Snow and Ice Removal: Slip and Fall Accidents

Written on January 16, 2018.

As winter approaches, it’s a good idea to have reminders of your rights and responsibilities, according to the law, for protecting other people from hazards on your property. Whether you rent or own a home or commercial property, you have specific responsibilities that need to be...

Winter Driving Safety Tips

Written on December 22, 2017.

Driving in severe weather conditions can be both dangerous and frightening. When heading out in harsh weather, you need to be prepared so you can effectively and safely handle winter road emergencies. AAA advises drivers to stay cautious when you’re driving in severe winter weather. Even an...

Business Owners Insurance Part 3: Income Insurance

Written on December 7, 2017.

Business owner’s insurance typically consists of three specific types of coverage. One of these is business income insurance. For some businesses facing long-term repairs, essentially a rebuilding of their business, this can be critical for helping to preserve your business during the process....

Should I File a Car Insurance Claim?

Written on November 29, 2017.

Most of the time, if you have a car accident, you should file an insurance claim to help pay for the costs of repairs. There are some occasions, though, when it might not be in your best interest to file a claim with your insurer, like those mentioned below. The Damages in a Single Car Accident...

Business Owners Insurance Part 2: General Liability Coverage Client

Written on November 8, 2017.

Every business owner needs a minimum amount of insurance protection to help their business recover when emergencies arise. A business owner’s policy, or BOP, offers a bundle of essential insurance protection that will help you get back on your feet and operational in the aftermath of certain...

What Does No Fault Insurance Mean in New Jersey?

Written on October 31, 2017.

As you most likely know, auto insurance is required in the state of New Jersey. Something that is somewhat different in New Jersey when compared to other states in the country is the existence of no-fault auto insurance laws. While the name implies that there is no fault assigned in auto...

Business Owners Insurance Part 1: Property Damage Coverage

Written on October 16, 2017.

Property damage coverage is called many different things by different insurance carriers. It may be referred to as business property insurance (BPI) or commercial property insurance. Whatever it is called, it is one of the essential components of a solid Business Owner’s Policy (BOP). What Does...

Can I Have My Personal Auto Policy Added to My Business Policy?

Written on September 29, 2017.

Getting the right kind of auto insurance coverage to meet your needs, whether you’re insuring a business or personal vehicle can be a bit tricky. When you use the same vehicle for personal and professional purposes, though, it becomes trickier still – with many people wondering if they can add...

What Happens if You Get Hit By an Uninsured or Underinsured Motorist?

Written on September 19, 2017.

Different states have different laws in place to protect you, as a driver, from other motorists on the road. One of those is a minimum requirement for auto insurance. In New Jersey and in New York, all drivers on the road are required to carry a certain amount of liability coverage to protect...