Life comes with unexpected changes from relocation to job changes to major illnesses, and these changes can impact your life in a wide variety of ways. In order to get through these difficult moments, you have to be prepared and have a plan in place to work through the challenges so they don’t become overwhelming. Managing life changes before they occur can help make them much easier to work through. 

There are many ways a sudden, major life change can impact your life. A job loss, illness, or death can have both an emotional and financial impact. Because of that, it can be hard to get through these life events successfully. You have to deal with the emotional challenges of the life change as well as the financial. The good news is that there are plans you can put in place to protect yourself and your family when major life events occur.

Insurance should be a component in your plan to manage major life changes. Insurance can help protect against financial strain if you or a family member becomes seriously ill or injured or in the event of a death in the family. By helping alleviate some of the financial burden that comes from a major life change, you and your family are free to deal with the emotional challenges. This can help make major life changes easier to manage.

There are many types of insurance that can help you manage major life changes that may arise in your life. For more information about insurance to protect you and your family during major life changes, contact Mid Atlantic Insurance Financial today.

A lot of people make the assumption that if they’re single, they don’t need to be bothered with life insurance. The truth is that anyone who has loved ones who would suffer as a result of their death needs to have a life insurance policy in place to protect them.  If the following situations apply to your life, then you need to have life insurance.

1. You don’t have enough assets today for your final expenses. If your estate can’t cover your funeral, then it will have to be paid for by someone else. Small policies are often sold to singles specifically for this reason. Fortunately, they are relatively cheap.
2. You have relatives who depend on you. Kids and/or elderly parents that rely on you for financial support will be effected by your death. Life insurance funds can be used to replace child support payments as well as provide funds to attend college. They can also provide lifelong care and/or someone to take over the tasks you normally do for your parents. 
3. You own a business. If your death would be the end of your business, then you need to be insured. While many banks will insist on a policy if you have a business loan, it’s also a good idea to keep a policy that will compensate your employees and provide them with some severance as they look for new jobs.

If any of these circumstances apply to you, then call the agents at Mid Atlantic Insurance Financial. They have years of experience helping people find the life insurance policy that is right for them at a price that fits into their budget

For years, insurance companies have been trying to make the entire process of buying and even renewing your insurance policies as easy as possible.  Like with most things though, insurance companies rely on you regardless of whether you live in Laurel, MD or anywhere else.  You are the one who is responsible for providing the insurance company with all of the pertinent and critical information.  For that reason, we have put together a list of some of the information that you will need if you are buying a new insurance policy or just renewing and/or updating an existing policy.

Vehicle Insurance

When it comes to your vehicle, most of the time, people will have a good idea of what type of information they will need.  Such as your license plate number.  However, that isn’t the only sort of information you will need.  Some of the other pieces of information include but are not limited to:

• If you are renewing or updating your insurance you will need to know your current policy number.
• The VIN (Vehicle Information Number) of your car.
• If there is a lien on the vehicle, you will need to know the name and address of whoever holds the lien.   Most of the time this will be a dealership or bank.
• If you happen to be purchasing a new or used vehicle, you will need the insurance company to show the dealer and local DMV proof of insurance.  You will need the fax numbers or email address of the dealer and DMV.
• If you are clearing up DMV issues such as a suspension of licenses or even an SR-22, you will need a case number.

If it is time for you to renew, review or update your vehicle insurance, call or visit a Mid Atlantic Insurance Financial agency as soon as possible.  

The Washington, DC area is full of hustle and bustle, and that can make it easy to forget that there are still people there who need assistance. Giving back to the community can be a great way to be reminded of that, and one of the ways to give back is through volunteering your time and talents to the local food bank. Even in areas of the country where some people have so much, there are definitely people who have very little.

By providing them with some food that they otherwise couldn’t afford, they can get a good meal and have the strength to get through their day. Whether it’s a homeless person who doesn’t have any money for food or a family who’s just a little short on funds and trying to make it through until the next payday, getting help from the food bank can make a big difference. While these organizations often have enough food to give out, they may not have enough people to hand out the food and help all the people who come through the doors.

When you offer your time and talents to your Washington, DC food bank, you give help and hope to many people who need it and who make up a part of your local community. Another way you can help your community is by supporting the local businesses there, like getting your insurance from Mid Atlantic Insurance Financial. When you support local businesses, they are better able to survive and thrive. That can lead to them also helping the local area, which is a winning situation for everyone involved.

Navigating your maze of insurance options can be an undertaking. With so much at stake, choosing the wrong option can have severe consequences. Fortunately, in your quest to find the best insurance coverage for your family, you have a partner by your side the entire time—independent insurance agents.

At Mid Atlantic Insurance Financial our independent insurance agents are proven experts. They help you on your journey in becoming insured by providing you with the following three benefits.

They Explain Difficult Concepts

Insurance jargon can be confusing. From deductibles to indemnities, our independent insurance agents help you understand what each term. They also help you understand how your choices affect your finances. Armed with insider information about insurance, you can choose the best insurance for your family.

They Are Consultants during the Sale

Our insurance agents act as your consultants, providing you with information so that you can make an informed decision about your coverage. We want you to be satisfied with your insurance policy and will equip you with the tools you need to make an educated decision.

They Are Your Partners after the Sale Too

All too often customers are on their own when they purchase insurance from companies, but at Mid Atlantic Insurance Financial we are your partners the entire time you are our customers. Whether you are interested in updating your insurance in the future, or you simply want to add more insurance, we are here for you.

Our independent insurance agents are not salespeople, but consultants. They help you understand and choose the best insurance for your family, regardless of your situation. When you are ready to get insurance, call one of our agents or get a free quote online.

If you own a small business, one of the key components to success is by making sure you are prepared for the unexpected. Here are three insurance risks that every small business owner needs to know.

Risk #1: Liability Claims

Liability claims encompass more than just slip-and-fall cases or instances where a customer is injured while visiting your business location. These types of incidents can include situations where your employees accidentally damage someone else’s property, someone becomes ill from a product you created, or something entirely different. The key to understanding liability risk for your business begins with knowing that anything that injures a person or thing physically, emotionally, or financially could be constituted as a claim. With such a wide variety of different scenarios, it is important to make sure your business has adequate coverage for the industry you are in.

Risk #2: Damage to Property

Another insurance risk to be aware of is damage to property. We all know that storms, fire, theft, and vandalism can happen at any time. But if your small business were to have to replace all the tools and equipment necessary for everyday operations, would it be able to afford to do so? Preparing for the unexpected in this case means making sure your insurance policy covers as many critical items as possible.

Risk #3: Employee Injuries

From the moment you hire your first employee, you encounter the chance of an on-the-job injury. In our state, worker’s compensation insurance is required for all employers. But making sure you have this important coverage is only one small portion of managing this risk. Constantly remind staff about workplace safety procedures and have a strict guidance policy in place.

Find out more information about how a commercial insurance policy can help your business. Please contact our team at Mid Atlantic Insurance Financial today for further details.