Types of Home Insurance

Home insurance can be as complicated as auto insurance if you are not sure what type of policy or coverage you need. With the right help like that provided by the agents with Mid Atlantic Insurance Financial, those in the Laurel, MD area can get the coverage they need.

There are a few different types of home insurance, the most basic policies cover things like damage from storms and natural forces. These can include things like tornado, wind storm, ice and snow, and even falling trees. This is going to help you keep your home safe from the forces of nature that may strike at any time.

Most basic policies also cover fire. This means that if your home burns down due to forces that were unforeseen and unpreventable, your homeowner’s insurance will help pay to repair or replace or may pay out enough to get an entirely new home. These basic coverages are in place to help protect your property and make sure you can replace or repair your home in the event of a monumental disaster.

For some, hurricane home policies, flood policies, and more specialized policies may be needed. If you do not live near water, flood insurance is likely not necessary. If you do not live near the coast or in an area that is affected by hurricanes you are likely not to need hurricane insurance either. If you are having trouble deciding what policies work best for you and what policies you need, you can always talk with an agent that can help outline what policies you need.

Just like auto insurance, if you have a mortgage on your home you are required to hold home insurance. If you own your home outright, you can opt out of home insurance.

For all your home insurance questions if you live in the Laurel, MD area, contact Mid Atlantic Insurance Financial today.

Do You Need Comprehensive Auto Insurance?

If you’ve paid off your car and don’t have lender requirements for insurance, you have the option to only maintain liability insurance as required by law to protect other cars when you drive. However, dropping comprehensive insurance in Laurel MD isn’t always the best idea. Comprehensive insurance has added benefits which protect the value of your car in the case of an accident which isn’t covered by another driver’s insurance or in the case of theft or vandalism.

Bank Loan Requirements

Bank loan requirements are relatively simple and straightforward. Even with the best of intentions, people will refuse to continue paying for their car loan if the automobile has been wrecked or is no longer driveable. Insurance against such an occurrence protects the bank as it pays of the money you were lent . Additionally, it protects you by paying off the money you owe rather than allowing your credit rating to be destroyed and prevent from not only being able to buy another car but take any other type of loan you may need to better your life.

Protecting Your Investment

If you can afford to buy your car outright without a loan, choose a less expensive used model which doesn’t need a loan, or if you’ve completely paid off the car over time, you don’t have a legal obligation to maintain comprehensive insurance although it’s a good idea to. It is still your car and will be difficult to replace if an unforeseen accident occurs. Beyond simply providing for your legal obligations insurance protects your interest in the investment of an automobile.

Be sure to discuss your needs with our insurance agents at Mid Atlantic Insurance Financial serving Laurel MD to find an appropriate policy which best suits your personal situation.

Recycling in Your Home

We do a lot of things to protect our home and make our quality of life better. However, one thing that many people are not yet doing is finding a way to recycle items in their home. Recycling not only makes your home life better but it also helps the environment as a whole. It is important to recycle but sometimes we do not always know what we can recycle. Use these tips to get started today.

  • Plastic: Plastic is something that most people know they can recycle. However, sometimes this is limited. You can recycle a lot of plastic items in your home other than plastic water bottles. A good example of this would be plastic grocery bags. Before you throw anything away that is plastic, make sure you cannot recycle it first.
  • Paper: Paper is also one of those things that people know they can recycle but they do not do it enough. There are so many paper products in homes that can be recycled such as paper plates, paper cups, junk mail, and more.
  • Glass: Glass is something that can be recycled but not all people consider this when they are recycling. To recycle glass, all you have to do is rinse it out before you put it in the bin. It is very easy to recycle and should be taken advantage of.
  • Batteries: Batteries are not always something someone considers to recycle but you may even find a place in Laurel, MD, that will pay you to recycle them. You can recycle all kinds of batteries such as AA, AAA, laptop batteries, and cell phone batteries. If they no longer hold a charge, you can probably recycle them somewhere. Do some research to find a place to recycle your batteries and make some extra money on the side.

Mid Atlantic Insurance Financial, serving Laurel, MD, wants to help you find the perfect home insurance policy for your needs and budget. Contact us today!