A pending new bill will mean that all riders must carry liability coverage on public roads A new bill is pending in New Jersey that would mean that e-bike insurance and registration will be a requirement for all riders. This will be a new requirement, as riders of those vehicles have, until now, been treated similarly to bicycle riders. An electric bicycle is being newly defined The bill will mean that riders will be required to register their vehicles and carry e-bike insurance in the form of liability coverage. This…
Read MoreTag: New Jersey insurance
Health insurance enrollment center opens in New Jersey
Enrollment center will provide aid to those looking for health insurance coverage A new health insurance enrollment center has opened in New Jersey. The center will be operating six days a week and will provide consumers with assistance in enrolling in the state’s health insurance exchange. Open enrollment for the exchange, as well as those located throughout the country, began at the beginning of November. Consumers looking for coverage will now be able to find the policies that they need through these exchanges, with many expected to qualify for subsidies…
Read MoreNew Jersey residents are finding it hard to pay for health insurance
Report highlights the good news and bad news for those purchasing coverage through exchanges A recent report from the Centers for Medicare & Medicaid Services shows that enrollments in health insurance exchanges throughout the country remained stable during the last open enrollment period. In New Jersey, however, this could be a double-edged sword. While more people in the state have been able to acquire insurance coverage through the state’s exchange, fewer people are able to keep up with the pace at which insurance premiums are growing. New Jersey exchange continues…
Read MoreProof of auto insurance laws change in New Jersey
The state has now legalized electronic coverage cards at the same time that license plate rules have been altered. Two new laws have now become active in New Jersey that will have an impact on drivers, the first of which involves the way that they can provide proof of their auto insurance coverage and the other has to do with their license plates, which stated that plates can no longer be obscured. The first makes it possible for drivers to provide proof of insurance in an electronic form, such as…
Read MoreNew Jersey auto insurance is once again found to be most expensive
A report has shown that for yet another year, N.J. drivers are paying the highest premiums for coverage. The results of the annual National Association of Insurance Commissioners (NAIC) study on the cost of auto insurance has now revealed, once more, that the average driver in New Jersey is paying more than motorists in any other state in the country. The average amount that drivers paid for their policies in 2012 was an annual $1,220, higher than any other state. This represents the third year in a row that drivers…
Read MoreLaw in New Jersey aims to curb auto insurance fraud
New law will place harsher fines on those that commit auto insurance fraud in the state New legislation in New Jersey aims to make auto insurance fraud a more serious crime. State lawmakers have approved legislation that would leverage harsh penalties against those that commit insurance fraud, particularly for those that avoid paying premiums for their coverage. The Coalition Against Insurance Fraud notes that premium dodging is a significant problem in New Jersey, particularly in areas where auto insurance tends to be more expensive. New Jersey is home to the…
Read MoreFEMA to seek settlements in flood insurance cases
FEMA is working to settle several lawsuits regarding flood protection and Hurricane Sandy The Federal Emergency Management Agency (FEMA) is currently working to settle lawsuits that have been issued by victims of Hurricane Sandy. The federal agency manages the National Flood Insurance Program, which came under fire in the wake of Hurricane Sandy. Many of those affected by the disaster saw their insurance claims rejected over technicalities and potentially falsified engineering reports. There have also been complaints that claims were underpaid. These issues have prevented many people from recovering following…
Read More