GBW Insurance is a New Jersey agency which has been serving Long Valley and Morris County since 1982. Continue on this page for information on home, car, flood, life, and business insurance for the Long Valley area, or click above for quick quotes. Or call us at 973-426-1500.
Home Insurance
How do insurance companies set property insurance prices?
1) Municipal property insurance rates are set largely by water supply and quality of fire department. Classes range from 1 for the best equipment, water supply, and paid full time fire fighters, to 10 (fire department more than 5 miles away, generally without reliable water supply). Long Valley's property and homeowners insurance rating is 5/9. This means that it has good fire equipment and fire fighter training and that some parts of the town have good fire hydrant coverage. Here's the web site for the Long Valley Fire Company, part of the Washington Township Fire Department. The portions of town with hydrants within 1,000 feet and the fire department within 5 miles are protection class 5. Where the fire department is within 5 miles but the houses are not within 1,000 feet of a hydrant, the area would usually be protection class 9. The rates are significantly different. Call us at 1-800-548-2329 or contact us by clicking here to get more information.
2) Insurance companies contribute information on losses at a specific location to the Comprehensive Loss Underwriting Exchange (CLUE). So all insurance companies have access to any loss information from a property in Long Valley or any town. When you have a loss, all insurance companies will be able to see it, probably for five years.
3) Insurance companies also review facts about home owners and apply those as credits and debits against the price for home insurance.
4) The condition of a building makes a real difference in how easily you can find insurance. A roof in poor condition, old wiring, leaky plumbing, and so on can make it difficult, expensive, or even impossible to get insurance.
How do insurance companies set auto insurance prices?
1) Auto insurance rates for an area are affected by accident frequency and severity, car theft frequency, law suit frequency, and other factors. Long Valley car insurance prices are lower than the average of New Jersey; Morris county is an area that has lower traffic density and lower car theft rates than the NJ statewide average. For more information, call us at 973-426-1500 or click here to go to our Car insurance information and quote page.
2) In addition to the level of losses in the area where the car is garaged, car insurance rates also reflect the value and kind of car you drive.
3) Then insurance companies include factors for the distance driven or the use of the car, and finally other factors for the age and behavior of the driver. And of course frequent tickets or accidents lead to higher rates. A new male driver (young men average worse driving results than do young women), driving an expensive car long distances, with a history of tickets and losses, is going to pay several times as much as the experienced driver down the street, who drives less, without tickets.
Flood Insurance
Long Valley participates in the National Flood Insurance Program (NFIP) so businesses and individuals can apply for NFIP flood coverage. The storms in 2011 and the previous decade have shown that you can have a serious flood insurance loss without being in a traditional flood zone. And the price for flood insurance outside the active flood zones is much lower than the same coverage in the zone. Call us for details at 1-800-548-2329 or click here to go to our Flood Insurance page.
Life Insurance
Long Valley life insurance rates and quotes are affected by health, age, smoking and not smoking, driving habits, and other behaviors. But they are the same as for all of New Jersey. Since women live longer than men, they pay less for life insurance (everything else being equal). For more information, or a free quote, go to our Life Insurance page by clicking here. Or if you're a new parent, click here for specialized information. We will give you a quick quote but please discuss your needs with us. Life insurance is much too important to take a chance of getting it wrong.
Business Insurance
Click here to go to our Business Owners Insurance page. The Business Owners Policy or BOP is a package of coverage for small and mid-size businesses. Business insurance in New Jersey requires careful choices and careful selections. Business insurance can include Workers Compensation, liability, property, commercial vehicles, professional liability, business interruption, flood, and many more insurance coverages. It must be carefully reviewed with you to make sure you have the right insurance to protect your business. If we work with you, we can get you all the discounts you deserve. We remember that you work hard to succeed, we have to work hard to protect you. For more information on Business Insurance in general, or to start a quick quote, click here.
If you have a business in Long Valley and would like more information about our insurance agency, click here.
