Laurel MD

Unexpected Disasters: How Home Insurance Can Save the Day

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If you own a home or are about to buy one in the Laurel, MD area, it’s essential to understand the value of home insurance. Mid Atlantic Insurance Financial can help. Then you can have more peace of mind, knowing your home is protected from unexpected disasters. Many things can go wrong with a home, and you want to know that you’re prepared for them if they happen.

For example, there could be a natural disaster like a bad storm, or you could have a pipe burst in a wall. If you don’t have the right type and level of insurance coverage, you might not be protected or be able to have the damage repaired quickly. Working with the right agent makes the difference because you can get the information you need about home policies and what they cover.

Some basic, standard levels of coverage typically come with home insurance policies, but there are also many additional options to address. You don’t want to miss out on critical coverage that would help protect your home simply because you didn’t know it was an option or that you needed it.

Choosing coverage without the help of an agent could mean you aren’t getting everything you need. If the unexpected happens, you might not have the resources necessary to handle the aftermath. That’s what insurance is for, but you need proper coverage.

That’s why working with us at Mid Atlantic Insurance Financial is the right choice for your home insurance needs in the Laurel, MD area. We understand that every home and situation is different, but we also know how to suggest the right coverage for your home and lifestyle. Contact us today, and let us help you get coverage to protect you from the unexpected.

How Life Insurance Can Help With Mourning

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After someone passes away, families are often left to pick up the pieces. While there is no way to ease the burden completely, proper steps can protect families and help them cope during mourning. Life insurance policies, in particular, can help to reduce the burden. Folks living in or near Laurel, MD, and other areas nearby should contact Mid Atlantic Insurance Financial to learn about the benefits of life insurance policies.

Why Life Insurance Makes it Easier to Grieve

While many families would rather avoid the topic of money after someone passes, financial burdens can quickly compound non-financial issues. Sadly, financial matters can make it more difficult to find closure, and loved ones who are left to sweat such issues may be at risk of being overwhelmed.

The right life insurance plans can reduce the risk of various financial burdens. The terms, details, and coverage will vary from plan to plan, so it’s important to examine each policy closely. You can also partner with an insurance agent who can explain how various policies work.

If someone has passed away, the rest of the family may worry that they can’t afford the mortgage payments or that they won’t have enough to pay for child care, among many other costs. A family might also be stressed over the costs of funeral and burial (or cremation). The more time they have to spend worrying about such matters, the less time they can spend processing loss and honoring the departed.

On the other hand, if a life insurance policy provides the financial security needed to allow loved ones to focus on grieving, this could significantly improve their mental health. Not only can friends and family process their own grief, but they can also provide support to each other. Contact Mid Atlantic Insurance Financial, serving Laurel, MD, and beyond, to explore life insurance policies.

 

Common Myths About Commercial Insurance

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It’s no secret that owning and operating a business in Laurel, MD can be stressful. To make matters worse, the confusion and misinformation surrounding commercial insurance and whether or not you need it can lead to costly events down the road. Fortunately, the team here at Mid Atlantic Insurance Financial is here to help you sort through the weeds and make the right choice for your company.

My Business Is Too Small for the Insurance

Simply put, no business is too small for commercial insurance coverage to be useful. A policy can provide you with an invaluable peace of mind. Should injuries or damage occur, you can be protected from paying for everything out of your pocket.

I’ll Be Paying for Coverage I Don’t Need

Commercial insurance doesn’t come as a one-size-fits-all policy! You can customize your plan by choosing the type(s) of coverage you need and the deductible. Your Laurel, MD insurance agent can help you mix and match to find the right policy.

My Homeowner’s Insurance Covers My Home-Based Business

Unfortunately, your homeowner’s insurance policy strictly protects your home and its contents. Filing a business-based claim on your policy can lead to unpleasant outcomes. Not disclosing that you run a business from home can cause some providers to cancel your policy. 

Protect Your Assets With Help From Mid Atlantic Insurance Financial

Commercial insurance doesn’t have to be a mystery. By partnering with our team to find the coverage your business needs, you can protect your livelihood from various events. We will work with you to find the right policy at the right price so that you can focus on the essential tasks of running your business. Contact us today to learn more about how we can help.

Do Accidents Raise Your Insurance Rate if It’s Not Your Fault?

Posted on by AgentInsure

Having adequate auto insurance in place is required by law, but choosing the right policy and benefits to suit your lifestyle is essential. If you’re looking for quality auto insurance, Mid Atlantic Insurance Financial experts can provide the support you need to choose the proper coverage. We proudly serve the residents of Laurel, MD, and encourage you to reach out to us to learn more.

Accidents

Accidents can happen at any time. That’s why having the right insurance in place is so crucial. Individuals recently involved in accidents that weren’t their fault may wonder if their insurance rates will increase. However, the general rule of thumb is that your insurance rate won’t increase if the accident is not your fault. It’s essential to understand the terms and conditions for each auto policy because not all insurance policies are the same.

Our helpful team members work hard to explain each policy’s fine print to ensure the customer is well-informed. We carefully assess each person’s situation and recommend policies based on those needs. Not only do we assist our customers with purchasing the policy, but we also offer support and guidance throughout the policy’s lifetime. We can provide documentation submissions and assist with any future claims.

Find Out More 

If you are currently interested in acquiring insurance for your automobile, be sure to reach out to Mid Atlantic Insurance Financial, proudly serving the residents in and around the Laurel, MD, area. Call or stop by the office today and get answers to questions or consult with an insurance professional to learn more about coverage options in the services we provide.

 

Three priorities when you buy home insurance

Posted on by AgentInsure

Homeowners mustn’t underestimate the importance of making the right home insurance decisions. If you decide on a home insurance policy in Laurel, MD, we can help you at Mid Atlantic Insurance Financial. 

The following are three priorities you should focus on when buying home insurance. 

Factoring your home insurance premiums into your budget

Plan ahead regarding your finances to ensure you’ll pay your home insurance premiums on time every month. When you choose a home insurance policy, you should set out a budget to have a detailed financial plan and keep up with your homeownership expenses. 

Having complete coverage on your property

Getting complete coverage with a policy that offers replacement value coverage. Complete coverage on your property allows you to avoid a lot of financial risk as a homeowner. 

Understanding exactly what types of coverage you’re getting

Home insurance policies can potentially include a variety of different kinds of coverage. Not only does home insurance cover you for damage to your dwelling, but also damage to outbuildings and other personal property. Home insurance also provides coverage for medical bills resulting from injuries on your property. 

At the same time, home insurance doesn’t typically offer coverage for flood or earthquake damage. Be sure to read the fine print to know what coverage you’re getting and what coverage you’re not getting on your policy. 

At Mid Atlantic Insurance Financial, we are here to assist you with your home insurance needs. Contact us today to get a quote on a home insurance policy for your property in Laurel, MD.

 

Why It’s Crucial to Keep Your Life Insurance Policy Up to Date

Posted on by AgentInsure

Although no one ever plans on passing away sooner rather than later, it can happen to even the healthiest, most careful people. Life insurance can help ensure your loved ones are taken care of in the event of your untimely passing, but policies must be updated.

If you’re in or near Laurel, MD, and looking to purchase or upgrade a life insurance policy, we at Mid Atlantic Insurance Financial can assist you with all of your needs.

Avoid a lapse in coverage.

If you currently carry term life insurance (or plan to), it’s essential to know when your term date ends so you can make arrangements to either convert your policy to a whole-life alternative or choose a new term policy.

Even a short coverage gap can mean your family doesn’t collect a death benefit if the worst should happen. So to be on the safe side, always initiate new applications at least six months in advance, just in case.

Change is part of life.

People who lead relatively tranquil, low-key lives in Laurel, MD may think of their lives as unchanging, but this is never the case. Change is part of every life, no matter how quietly lived, and your life insurance should change to match.

Consider how your life circumstances have changed since you last updated your policy. For example, have you remarried (or considered it)? Are any of your children now grown or living on their own? Have you switched careers or accumulated more assets? Any of these possibilities (or similar) should trigger a review of your existing life insurance policy.

If you’re in the market for a life insurance policy or need to upgrade an existing one, you need the right insurance agency on your side. Contact us at Mid Atlantic Insurance Financial today, and let us know how we can help!

Top Three Liability Risks For Business Owners

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Being a business owner can be hugely satisfying, but at the same time, there are also a lot of risks that come with it. At Mid Atlantic Insurance Financial, we make it our job to help business owners reduce these risks as much as possible in Laurel, MD, and the surrounding areas. Keep reading to learn about business owners’ top three liability risks. 

Employee Injury 

One of the most significant liability risks you will face as a business owner will always be the risk of employees getting injured while they are performing their work tasks. It is always your responsibility to provide a safe work environment for your employees. So, when they get injured, it is a reflection of the work conditions in many ways. It can also be a reflection on the training they have received. If an employee feels that you, as the employer, put them in unnecessary danger or risk of injury, you might be held liable. 

Customer Injury 

Another risk you will face is that of customers getting injured. Customer injuries can occur on your business property or as a result of your goods or services. You are 100% responsible for providing safe products and services and a safe place of business for customers to visit. You will almost always be held liable for any customer injuries. 

Property Damage

Another considerable risk is damage to your place of business or your equipment. When the damage of this sort takes place, you are liable for the expense of replacing or repairing the damage. If the damage is extensive, this could leave you with a devastating financial burden. 

If you want to learn about our commercial insurance policies to help protect business owners from these liabilities, please get in touch with us at Mid Atlantic Insurance Financial, serving Laurel, MD, and the surrounding areas. 

Don’t Drive Illegally – Get Auto Insurance

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Did you know driving without car insurance in 48 out of 50 states is illegal? Let Mid Atlantic Insurance Financial, serving the Laurel, MD area, provide you with this coverage so you can drive legally.

Car insurance is required because the liability coverage portion of your policy will help pay for covered losses like the other party’s medical expenses and any damage done to their vehicle or property resulting from the incident. This critical coverage financially protects you if you are at fault in an accident. It will cover the injured party’s medical costs or the repairs to their vehicle.

If you do not have insurance, the police will probably charge you with driving without insurance. You could then lose your license and face a hefty fine and sometimes jail time, depending on your state. When you then decide to purchase car insurance, you will pay a higher premium for the coverage.

You could lose your vehicle if your car insurance is canceled for non-payment of premiums. Throughout the term of a loan, lenders require borrowers to have an active insurance policy. If the premium payments are no longer made, the auto loan provider can repossess them.

If you can pay monthly or annual premiums, annually is almost always the least expensive way to pay. Many insurance companies will give you a discount for paying in full as it requires less processing for them.

Insurance companies will not charge you more if you are financing your vehicle. But you will have more coverage requirements which will cost more than if you owned the car outright.

Don’t drive illegally. Make sure you have auto insurance. Mid Atlantic Insurance Financial can give you a quote or answers to questions. Contact our team today.

What Perils are Typically Not Covered Under Homeowners?

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Your standard homeowner’s policy will have a list of covered perils and exclusions that you must be aware of. This helps you prepare for contingencies you may face, and you can speak to one of our qualified Mid Atlantic Insurance Financial representatives for specific details. 

There is no legal requirement in Laurel, MD to obtain a homeowners policy, but your lender will usually require it for the duration you hold a balance. 

Flooding is not covered under homeowners insurance, and you will need a specific, dedicated flood insurance policy to cover this peril. Flooding is typically defined as water that has touched the ground before entering your residence. This means that rainwater, for example, that could affect property from a heavy storm through a leaky roof might be covered or broken pipes that burst and cause water damage. 

Earthquake is another event for which homeowners typically do not apply, though it can often be purchased as an add-on or endorsement. Sinkholes and other situations determined to be movement of earth are also usually not provided for under your homeowner’s policy. 

Mudflow is a type of occurrence that falls under flood insurance, and overflowing sump pumps will also likely be excluded from homeowners’ coverage. Sewage systems or drainage that produces groundswells that inundate your property must also be covered through flood insurance or a special endorsement. 

Failure to maintain your home may result in needed repairs that homeowners will not pay for, including infestations from pests or termites. Smoke damage due to agricultural operations also falls outside your standard peril. 

We Can Be of Assistance to Homeowners Looking for Insurance

Mid Atlantic Insurance Financial takes pleasure in assisting the residents of Laurel, MD, and the surrounding environs with their insurance needs. We welcome you to reach out to us for more information. 

What type of life insurance should I get in Maryland?

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Life insurance continues to be a great form of insurance for people in the Laurel, MD area to consider. This type of coverage can provide financial support for those you care about if you pass away. When looking for this insurance, you will find multiple options to consider. It is essential to consider the benefits of these insurance plans.

Term Life Coverage

A type of life insurance to consider getting is term life coverage. This is a popular form of coverage that is customizable and characterized by the term length of the policy. The length of the policy can vary from just a few years to 30 years or more. You also will be able to select a set level of coverage. Once the term of the plan is over, the coverage will lapse.

Whole Life Coverage

Many people in this state who want life insurance will also consider whole life coverage. This type of insurance is good for someone that coverage for the rest of their life. An added benefit of it is that there is an investment and savings benefit. While the policy can cost more monthly, a portion of the payment goes into an account and builds with interest over time.

Getting life insurance if you are in the Laurel, MD area is always a good idea. When you are looking for this coverage here, you can find there are many factors to consider. The Mid Atlantic Insurance Financial team will give you any support you need when looking for coverage. Mid Atlantic Insurance Financial always takes a customized approach to building insurance to ensure you have the right plan for your situation.