What happens if there is a fire and I don’t have an inventory?

Even in beautiful Laurel, MD, incidents can happen such as fires or burglaries that could cause you to suffer great losses. When you get a homeowners policy through  Mid Atlantic Insurance Financial, you never really think anything bad will happen. 

That is one of the reasons so many people never make the suggested inventory of their belongings. It seems like a lot of work, and if you’re lucky, you will never need it.

Tracking Your Belongings 

Most of the insurance policy is covering the property itself, and unless you have extra coverage for particularly valuable items, your personal belongings will be insured for a much smaller amount. 

When you make an inventory, you have a list that you can provide if you suffer a loss. With a burglary, the list helps the police too, because they can look for the items if they are being sold by the thieves. 

When you don’t have the list, with the serial numbers and details of the items, and don’t have a really good idea of what was missing or destroyed. You may not recover your losses because you simply don’t remember what you had. 

Making an Inventory Isn’t So Bad 

There are some helpful tips for people making an inventory. First, you obviously want to keep the list somewhere safe so you can still access it in a disaster. 

Another great tip is to make a video where you list your belongings, room by room. That way you can break the job down into easier steps.

If you live in Laurel, MD, don’t wait to do an inventory until it’s too late. If you need any help or want to talk about your homeowner’s policy, please feel free to call Mid Atlantic Insurance Financial today. 

What Are The Different Types Of Auto Insurance?

The world of auto insurance can seem like a confusing one.  There are many different options and types of insurance to investigate.  For the uninitiated, this can seem a bit overwhelming at first.  Laws and minimum insurance requirements vary from state to state, but they’re all pretty similar.  No matter if you live in Laurel Canyon, CA or Laurel, MD; all of these types of insurance are offered everywhere.

Collision insurance is usually the first thing offered in an insurance policy.  There are a few different kinds of collision insurance available.  Bodily Injury To Others (BITO) covers what that implies, with different limits or caps on what the insurance provider pays out.  Personal liability (PL) is damage to someone else’s property (eg: crashing into someone’s house or mailbox) with similar limits on coverage put in.  

Personal Injury Protection (PIP) covers yourself and your own medical bills due to injury in an accident.  The last facet of collision insurance is Bodily Injury caused by an uninsured car.  This covers you in case you end up in an accident with an uninsured motorist.  It’s illegal to drive on the road without insurance, but there are motorists who still do this out there and it’s always smart to be covered in this case.

The next word that usually sits by "Collision" in the insurance policy is "Comprehensive".  Comprehensive insurance covers your car for everything else that your collision insurance doesn’t cover.  For instance, a heavy thunderstorm strikes your area and it produces baseball-sized hail.  That hail damage (dents, scratches) to your paintwork and bodywork of your car would be covered under your comprehensive insurance.

You can find out all about these options and more at Mid Atlantic Insurance Financial located in Laurel, MD.