FAQs
Why is my home insurance so expensive?
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Insurance premiums are formulated using many variables including where you live, your home's age, replacement cost value, coverage limits, claims history, and insurance credit score. Features like custom kitchens and bathrooms, high-quality materials, extra buildings, and personal property coverage raise the cost to replace your home and increase premiums. Certain property conditions limit which insurers will cover you and reduce available options. The biggest issue now is an old roof—roofs over 15 years increase rates, and the older the roof, the higher the risk. Moss, heavy tree cover, and overhangs also make insurers less willing to provide coverage. Keeping your home well maintained matters both while you own it and when you are ready to sell.it
Why should I use an Independent Agent
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One reason is carrier appetite. Guidelines vary so much from carrier to carrier. While one major carrier will insure a home, another carrier may not.. . many times there are obstacles that prevent you from having your property covered .. Some major obstacles in a purchase transaction are roof age, original knob and tube wiring, electric panels and location of property, just to name a few As an independent agent, we have the ability to find carriers for all of your specific needs.
What makes Cornerstone Assurance Group different?
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Experience! We combine a thoughtful, human-centered approach with clear communication and reliable results. It’s not just what we do—it’s how we do it that sets us apart. We dig deeper to fully understand your needs and provide you with a true evaluation to help make you aware of your areas of vulnerability.
I am bieng dropped, now what?
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Carriers structure their portfolios around market demand and risk pools, which leads them to offer varying coverages that evolve as conditions and loss experience change. Those shifts often prompt revisions to underwriting guidelines. A carrier that once maintained a strong presence in New Jersey’s auto and condominium markets may, at times, pivot away from accepting new business in those segments. If a carrier does not maintain a balanced portfolio and then sustains a catastrophic loss in a concentrated line, its financial stability can be jeopardized.
There are always alternative carriers and coverage options available. As an independent agency, Cornerstone Assurance Group works with multiple carriers to help clients find suitable alternatives when market changes occur. Our access to a diverse panel of insurers provides customers with greater freedom and flexibility—an important advantage when carrier appetites change quickly. We continuously monitor carrier guidelines and market conditions so we can advise clients proactively and secure the most appropriate coverage for their needs..