Auto Insurance and Why You Need It

In the simplest explanation – auto insurance is all about being smart and planning.  This type of planning can keep you protected from surprises that can be expensive and sometimes even devastating.

When you think of auto insurance, think of it as being a factor in your overall financial plan.  It is a powerful tool that can be used to help:

  • Protect the investment that is your car
  • Pay for any sort of medical bills after a car accident
  • Protect you from the damages that can result from accident related lawsuits
  • Protect your assets that you have worked so hard to amass – this can include things like stocks and bonds, retirement funds, and even your home
  • Protect you from underinsured or even uninsured motorists
  • Take care of repairs that are made necessary by natural disasters, vandalism or theft
  • Give you peace of mind whenever you are on the road

With all of that, it is critical for you to know and keep in mind that not all insurance carriers – or policies – are alike.  You need to understand the unique details of your situation – this includes knowing what it is exactly that you need to protect and how each type of coverage will help you protect it – or not.

Aside from all of that, you need auto insurance because it is required by law, even though the specifics do vary from state to state.

If you are in the Laurel, MD area and need a new policy or just need to understand the one that you have, call or come into Mid Atlantic Insurance Financial and have one of our friendly and knowledgeable agents go over it with you.  They can let you know what you are covered for and if you need more coverage, they can help you with that as well. 

Steps To Determining The Correct Life Insurance Amount

Life insurance is a scary thing to think about and some people do not even know how much they should get. It is one of the most common questions pertaining to life insurance and there is not a one size fits all answer. The truth is, your life insurance policy is as unique as you are and you should take some time determining the right amount. To help you with that process, simply answer these three questions. At the end, you will have a much better idea of how much life insurance you actually need.

  • How much debt do you owe? If you have debt, whether it is a mortgage note, credit card debt, or even a car note, that debt does not just go away when you pass. It goes to another person in your family. If you do not want someone else to have to pay your debt for you and take on that burden, then you need to make sure you have enough in your life insurance policy to cover it.
  • Do you financially care for someone? If you are financially responsible for someone, what happens after you pass? You need to make sure you have enough in your life insurance policy to financially care for them until they can get back on their feet and provide for themselves.
  • Have you set aside money for the funeral? Your funeral can become very expensive very quickly and these prices are rising. This is another thing you likely do not want to burden your family with so make sure you have enough set aside to cover the costs associated with the funeral.

For more information about life insurance or to get a quote, contact us at Mid Atlantic Insurance Financial in Laurel, MD today.