Month: November 2015

The Facts About Buying a Car as a Present

Posted on by AgentInsure

We’ve all seen the commercials where a brand new car is parked in the driveway with a big red bow around it, all wrapped up as someone’s holiday surprise.  These sorts of purchases definitely can be done, but there are a few things that you need to know if you plan on buying a car as a present this year.

Pick the Right Car

If you are buying a car for someone as a gift, it would be great to give them a vehicle that they actually want.  Is there a particular color in a vehicle that they love?  Is space for hauling recreational gear or family needed? Take the time to find out precisely what their likes and needs are before you go shopping.

Financing

If you need to finance the vehicle, a surprise may be more difficult provided you both are going to be listed on the paperwork.  Many dealers are willing to help with this if you explain what you are trying to do.  Some auto dealers allow you to execute your surprise and then complete the necessary paperwork soon after.  You will also want to consider any tax implications of giving a gift of this size, as it may subject you to the Federal Gift Tax.

Insurance

Finally, consider that while you are giving the gift of a vehicle, that car is going to require insurance.  Are you also giving the gift of insurance or will your loved one be responsible for auto insurance premiums?  Either way, Maryland is a mandatory vehicle insurance state, so the best course of action is to contact your auto insurance agent serving Laurel, MD to discuss coverages when you decide to purchase a vehicle as a gift.

For more information about personal auto insurance, contact Mid Atlantic Insurance Financial today.

3 Insurance Risks Every Small Business Owner Needs to Know

Posted on by AgentInsure

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.

Emergency Preparedness: Power Outages

Posted on by AgentInsure

When you live in Laurel, Maryland, you never know when the power can go out. It is important to focus on emergency preparedness so that you can deal with the power being out in the most appropriate of ways.

One of the first things you have to focus on is survival. How are you going to stay warm throughout the winter weather when you don’t have power? You can use Bubble Wrap or blankets to insulate all of the windows. You should also have backup blankets to keep everyone in the house warm as well.

How are you going to see in the dark? It’s a good idea to have several sources of light, ranging from flashlights to lanterns. Everything that is battery-powered should have extra batteries.

It is also a good idea to invest in an emergency radio that is battery-powered. You may also want to look for one that has a solar charger. This will allow you to stay in touch with people as required.

Sustenance is another thing you are going to have to focus on with a power outage in Laurel. As your refrigerator and freezer are without power for longer periods of time, the food is going to become unsafe. You will have to discard it all eventually – and this means you will need other food to eat. Jerky can last a significant amount of time, and there are also various other things you can keep in the house, such as granola bars, peanut butter, and canned foods. Many of these things won’t need to be cooked at all.

Call and talk to us at Mid Atlantic Insurance Financial today to learn about emergency preparedness. Having a homeowner’s insurance policy can be one of the best ways to prepare for what may occur in your Maryland home.

 

 

Steps to Take if You Witness a Car Accident

Posted on by AgentInsure

Car accidents are loud, scary, and sometimes chaotic. Will you know what to do if a car accident happens in front of you? At Mid Atlantic Insurance Financial, we want you to feel prepared to take the proper steps if you witness an auto accident in Washington DC.

Move Out of Harm’s Way

You cannot help others if you become injured. The first thing you should do after witnessing a car accident is move your vehicle out of the way. Pull over approximately 35 yards away from the scene.

Call the Police

You should notify the police immediately when you witness an accident. Call 911 and be prepared to give the location of the accident. Calmly give details regarding the type and color of vehicles in the crash, as well as the number of people involved in the accident.

Provide Reassurance

If you are able to safely reach the accident victims, provide reassurance that help is on the way. It is best not to attempt any medical care as this can cause greater injury. The 911 call-taker will ask you to provide information on the condition of the victims if you can safely do so.

Stay Focused

Try to remain composed. Concentrate on the details of the accident and surrounding conditions. You will need to provide the police with details of what you witnessed when officers arrive on scene.

State the Facts

When the police are ready to take your statement, remember to only provide factual statements of what you saw. Do not make assumptions or give opinions. If you are unsure of exact details you should say so.

Mid Atlantic Insurance Financial is here for all of your auto insurance needs. For more information on what to do if you witness a car accident, or for a competitive quote on car insurance, contact us today.