Who needs auto insurance in Maryland?

When you are in the Laurel, MD area, it will be important for you to have a vehicle so you can get around the community. Along with purchasing a vehicle, you also need to get into the right insurance plan. This means having an auto insurance plan that is right for your situation. There are a couple of situations when you will need to have auto insurance here. 

When Driving on a Public Road

A situation when you will want insurance protection for your vehicle here is when you are going to drive on a roadway. Those that want to operate a car on a road need to make sure they comply with the state law, which includes having liability insurance coverage. If you neglect to carry this coverage and are caught driving without it, you can face some serious penalties. 

When Taking Out a Loan

You also will need auto insurance coverage in place when you look to take out a loan. Financing a vehicle with a loan can provide you with the capital you need to purchase a car. However, it does come with some requirements. Most lenders will want you to carry collision and comprehensive protection until the loan is paid off as it will protect their collateral. 

Having an auto insurance plan is always necessary if you are in the Laurel, MD area. When you are looking for an auto insurance plan in this area, calling Mid Atlantic Insurance Financial can be a great option. There are a lot of choices to make when picking an insurance plan and Mid Atlantic Insurance Financial can help you determine the type of plan that is right for your situation. With this support, you can ensure you are properly covered at all times. 

Things your home insurance won’t cover

When you buy home insurance you are determined to make sure every possible eventuality is covered. That isn’t ever really possible since all home insurance policies have exclusions. You need to read the exclusions section of your policy carefully to determine if you can live with the risk. If not, most of them have ways that you can include the needed coverage. In Laurel, MD, Mid Atlantic Insurance Financial has been serving the needs of residents since 2005. We are family-owned and operated and strive to develop a relationship with our customers to help us provide the right information and coverage. 

Floods

Probably the most shocking item that isn’t covered is flooding. Floods are one of the most damaging natural disasters, and they can strike without warning across the country.  Rivers, creeks, and even streams can come charging over their banks. Hurricanes can churn up the Gulf of Mexico or the Atlantic Ocean. No one is safe. If you find the risk too high, and you want to get coverage, the NFIP offers flood insurance to residents of a participating community. 

Earth Movement

This category covers several types of earth movement. California is the most active place for earthquakes, but it is far from the only place in the country to experience them.  Mudslides and sinkholes are also types of earth movement. Sinkholes have become bigger, more frequent, and in locations that are unexpected. You can add an endorsement to your policy or get a separate policy. 

Owner neglect

As the owner of your home, it is your responsibility to maintain that home. This means replacing a roof before it is so bad that it allows your home to be damaged. It means making sure that you get pest treatment so that termites don’t damage your home. 

Contact Mid Atlantic Insurance Financial in Laurel, MD for all your home insurance needs. 

The Different Types of Life Insurance

According to recent research, just 30% of Americans have a sufficient amount of life insurance. If you are one of these individuals, the best way to ensure you have the right coverage is to first educate yourself on what policies are available to you. 

The most common types are:

Guaranteed life insurance: The benefit of this life insurance policy — sometimes called a “no questions life insurance policy” — is that you are not required to answer health questions or undergo a medical exam and review. The cons of this policy, however, is that there is typically a two- or three-year waiting period before the policy becomes active. If you die in that waiting period your beneficiary will not receive your full policy payout.

Group life insurance: Group life insurance is fairly common because it is often offered by an employer or other large-scale organization such as a labor union as part of a larger benefits package. In many cases, it is free or at least inexpensive. At the same time, however, the coverage amount is often relatively low.

Term life insurance: This is a non-permanent form of life insurance. It pays benefits to your loved one if you were to pass within the defined term. It is typically inexpensive, 

Variable life insurance: This permanent life insurance policy has both a death benefit and a cash value. The death benefit is what to pay to your beneficiary upon your death. The cash value can be used to increase the death benefit, can be withdrawn as cash, or can be used as collateral for a loan. 

Whole life insurance: This is the most common type of permanent life insurance policy that people purchase, according to the Insurance Information Institute. It is a life insurance policy that will remain in force for the insured individual’s lifetime as long as the premiums are paid. 

Learn more about your life insurance options in Laurel, MD.

If you would like to discuss your different life insurance policies, contact Mid Atlantic Insurance Financial.

Common Risks Small Businesses Face

It’s the dream and urge of every small business holder in Laurel, MD, to grow their entrepreneurial venture. If you’re an entrepreneur in this region, how have you positioned yourself for growth? You may be thinking of seeking more capital from investors or getting into a merger. But have you ever thought of the hindrances that could hamper your growth? Business risks that come in different forms are often the biggest challenge in your quest for growth, and here are some to get concerned about when you start a small business.

Liability Risks

Failure to fulfill signed contracts, property damage, or customer injuries may lead to expensive lawsuits that could damage any new business’s image. Virtually all businesses can get a liability risk challenge, but small businesses are more vulnerable, and they can encounter losses that could make them close down. 

Security Risks

The security of the data, goods, and property of any small business is vital. If a small business loses any of these because of theft, fires, or other natural disasters, it may be tough for the company to grow or even sustain its operations. Cyber hackers, thieves, and vandalizes from civil unrest are significant causes of security threats. 

Reputation Risks

A small business’s reputation is its pride, but when such reputation gets damaged, a small business may lose its clients. Employee misbehavior, poor customer service quality, or the selling of counterfeit products are some of the challenges that may harm a business’s reputation. 

Financial Risks

Bad debts and contractual agreements that fail to get honored may put any small business at great financial risk. With such challenges, a small business may fail to pay its employees and sustain its operations, leading to losses. Such challenges often get worse if the seed capital got sourced from loan money. 

Business Interruption Risks

Small businesses can suffer from natural or human-made business disruptions that may include supply chain hitches, state-imposed shutdowns, natural disasters, and changes in business regulations and laws.

How Can a Small Business Overcome Business Risks That Hinder Its Growth?

Mid Atlantic Insurance Financial is one of the perfect solutions for small businesses in the Laurel, MD, area. Insurance covers can help a business recover from serious losses and disruptions caused by the cited risks. As such, it’s always prudent to seek some insurance coverage plan from a reputable insurance company such as Mid Atlantic Insurance Financial.

Visit our website if you have any questions regarding business insurance.

Common Myths About Home Insurance

You worked so hard to get your dream home for you and your loved ones, and because of that, it will behoove you to ensure you have the right home insurance policy for you. Having said that, it is critical to consult a reputable insurance agent, and it is vital that you know the common myths about home insurance to ensure you are properly covered. Thus, the following includes many of the common myths about home insurance: 

  • Standard homeowners insurance covers flood damage. 

Home insurance doesn’t cover flood damage. A separate flood insurance policy must be purchased in addition to your standard policy in order to be covered.

  • It covers my medical expenses in case of an injury. 

These policies typically cover someone outside your family who gets injured on your property. 

  • It is not necessary to make an inventory list. 

You must have an inventory list to show ownership especially when it comes to filing a claim. 

  • Your premium will get higher each time you file a claim. 

This usually occurs if you file multiple claims. 

  • Home insurance covers all expensive items, including furs and jewelry.

Home insurance usually has limitations when it comes to valuables, and some high-end items may be more expensive than the limit. So, in this case, you will need to buy more coverage for those items.

  • Only those living in flood zones can get flood insurance. 

Standard home insurance policies don’t cover floods, so you must get flood insurance. Also, floods can occur anywhere besides the flood zone. 

Conclusion

These are just a handful of common myths about home insurance. For more information about home insurance, contact Mid Atlantic Insurance Financial today. Located in Laurel, MD, Mid Atlantic Insurance Financial has been providing top-notch insurance products for people in Laurel MD, and surrounding areas for over 15 years. Contact them today!

Who needs auto insurance in Maryland?

The Laurel, MD area continues to be a great place to live in. When you are living in this area of the state, it would be a good idea to own a car as it will make it a lot easier to get around town. Those that do decide to buy a car need to make sure that they have it properly insured. There are many scenarios in which having an auto insurance plan will be a necessity. 

Those with Loan

A common situation when someone is going to need to get an auto insurance plan is when they are going to take out a loan. If you have taken out a loan to buy a car, it may make it more affordable but you will have insurance requirements. An auto lender will want you to have full auto insurance coverage at all times as it will help to protect your vehicle.

Those that Drive in State

You will also need to have an auto insurance plan when you want to drive a car on a public road. When you receive an auto insurance plan, it will include liability protection. This coverage means that you will have the ability to pay for damages that you cause during an accident. Due to the value of this protection, the state of Maryland requires all drivers to maintain auto insurance at all times.

If you would like to get an auto insurance plan and you are in the Laurel, MD area, it would be a good idea for you to call Mid Atlantic Insurance Financial. The team with Mid Atlantic Insurance Financial understands the value that comes with auto insurance. They can help by assessing your needs and giving you the support needed to choose a new plan. 

Why life insurance is necessary for Maryland families

Families around the state, especially in the greater Laurel, MD area, can count on Mid Atlantic Insurance Financial for all of their personal insurance needs. Life insurance is a key part of every insurance portfolio, and we are here to help you find the appropriate policy to protect your family. We provide a comprehensive portfolio of insurance policies that can provide your family with the protection it needs.

Why life insurance is a good idea for your Maryland family

Life is filled with unexpected events and situations that we may not plan for. When you know that your family is protected by a comprehensive life insurance policy, it is easier to maintain the quality of life that you desire for your family. There are a number of different policy types and coverage levels available to families in the Laurel MD area.

  • Peace of mind – knowing that your family will be cared for, even if something should happen to yourself or your spouse, is important
  • Financial security – children need stability and life insurance can help to provide that essential feeling to your family in the event that an early death should occur 
  • Possible future growth – depending on the type of policy that you choose, life insurance can also add financial protection during your life

Now is a perfect time to review your life insurance needs. Find out more about the options and features that are available to families in Maryland from one of our knowledgeable and friendly agents today.

Contact Mid Atlantic Insurance Financial today to learn more

If you are in the greater Laurel, MD area and would like to learn more about the many benefits of life insurance for families in our area, call or stop by today!

Is It Time to Update Your Commercial Insurance Policy?

A commercial insurance policy is very important for most businesses. While there are some types of businesses that don’t need a policy like this, most companies require it. If you’re in the Laurel, MD area and have a business with this kind of insurance, you may want to think about updating it. A lot of companies get a commercial policy and then just renew it every year, but they don’t make any changes. When you have a growing business, changes to a policy can be important. Mid Atlantic Insurance Financial can help you update your policy so it’s fully protecting your business.

There’s no reason to settle for less than quality protection, especially when you have a company that’s continuing to grow and change. Instead of just keeping the same policy for the long term, it’s important to make sure you’re updating that policy regularly. That way you’ll be sure you have up-to-date coverage that gives you what’s needed for the right level of protection. Depending on the changes to your business since the time you got coverage, a different type of policy may even be needed. Our trained agents can go over the coverage you have and see what updates might need to be made.

If you’re in or around the Laurel, MD area, reach out to us at Mid Atlantic Insurance Financial today. We can help you get the updated commercial insurance policy you need, so you can feel safe and protected for your growing company. Whether you’ve only been in business for a short period of time or your company has been around for years, making sure you’ve got the right type and level of insurance coverage can be a vital part of keeping your business operating smoothly for the long term.

Making your home as safe as possible

Home is the place where the heart is, for most people it is your safe zone. While it may be emotionally safe, you want to make sure it is physically safe as well. As a homeowner, you are responsible for updates and renovations. Sometimes things can get overlooked that really needed to be fixed. If that is the case, don’t let it go any longer, your insurance company expects you to maintain your home. In Laurel, MD, Mid Atlantic Insurance Financial is here to look out for your interests and help you to find the perfect insurance for your lifestyle. 

Check door and windows

All exterior doors and windows to your home should have locks. Make sure the locks are doing their job. If you don’t have deadbolts on your doors, consider having them installed. For a sliding glass door, you should use a safety bar that keeps them from opening. Windows, especially those on the ground or basement level should have a lock and should be kept locked. 

Motion lights

Having motion-activated exterior lights can discourage anyone who is trying to get close to your home undetected.  Place the lights on all sides of your home. 

Camera doorbell

Having a camera on your doorbell is a great safety measure. It allows you to see who is ringing your doorbell. Most of these work from an app on your phone so you can see who is on your porch even if you are not at home. 

Home security system

Lots of home security systems are available. Some are DYI and are simple to install. They can include cameras and sensors. If you want a more sophisticated system many are installed and maintained by monitoring companies. 

In Laurel, MD, Mid Atlantic Insurance Financial is your local independent agency. We are dedicated to providing the finest products and services to our customers. Give us a call for a no-obligation quote. 

Benefits of having auto insurance in Maryland?

When you are a resident of the Laurel, MD area, owning a car can make life much easier. Those that have a car will be able to get around town quickly and can be more efficient overall. If you do want to get a car here, you also need to get the right insurance for it. There are many benefits that are received when you get an auto insurance plan.

Insurance Offers Valuable Coverage and Protection

A reason that anyone should get an auto insurance plan is that it can protect you in many ways. With an auto insurance plan, you are going to receive coverage that is needed to repair or replace your vehicle. This could be helpful if your car is stolen or in an accident. Additionally, your auto insurance can give you the coverage that is needed if you are sued for liability following an accident.

Insurance Ensures Legal Compliance

You will also benefit from having auto insurance because it can ensure you stay in legal compliance. Anyone that would like to get a car should know that they are required to maintain auto insurance whenever they drive on the road. The state of Maryland requires that all drivers carry liability auto insurance as it ensures that everyone can pay for damages they may cause in an accident. 

If you are in the Laurel, MD area, there continue to be many benefits that come with having auto insurance. When you are in the market for your next plan, it would be a good idea to call Mid Atlantic Insurance Financial. The insurance team with Mid Atlantic Insurance Financial understands the importance of having this coverage. They can help you to assess your needs and find a policy that is ideal for you based on your unique situation.