Month: October 2017

Will Auto Insurance Cover Me On My Road Trip?

Posted on by AgentInsure

When you’ve decided you’ve had enough of Laurel, MD and want to see a little more of the world, then you probably want to know what you need to do to prepare for your road trip. Mid Atlantic Insurance Financial wants you to know more about how your auto insurance works when you decide to hit the road. 

Driving In State 

If you want to stay in Maryland, then there’s really no change. You’re covered no matter how many trips around the state you take. What you want to consider though is that all those miles typically makes it more likely that you’ll break down on the side of the road. After all, vehicles (especially older ones) can only handle so much pressure. Most of the time, your insurance won’t cover any of the additional wear and tear you’ll put on the car, nor will it cover emergency road side service unless you have a specific provision on your policy. 

Out of State 

Your auto insurance in Laurel, MD will also transfer to any of the other states you may want to visit in the US. You can even go as far north as Canada without having to get any additional insurance for you or your companions. However, you should probably be aware that if you want to go to Mexico, you’ll need additional liability insurance to drive around legally. 

No matter where you’re planning to go, it’s always the right idea to take precautions. There are more chances something will happen when you’re on the road for an extended period of time, so give Mid Atlantic Insurance Financial a call if you want to go over how much coverage you have now or if you’re looking for a better policy. 

Why Is Title Insurance Important?

Posted on by AgentInsure

Let’s face it, buying a home takes a lot of hard work! With all the major decision-making and preparation going on it’s easy to overlook the small details that can end up creating huge headaches later on. While purchasing a home in Laurel, MD generally requires a title search to identify any potential problems such as liens or encumbrances, some faults aren’t immediately identified. That means you could end up paying for public records mistakes, sometimes for years!

Mid Atlantic Insurance Financial wants to help make your home-buying experience as stress-free as possible, so we’ve assembled this short guide about why title insurance is so important.

There are two types of title insurance, both are important.

If you are using a loan to help purchase your property, chances are the lender requires you to have a Loan Policy. A Loan Policy basically protects the lending institution from unforeseen problems with the title. It typically covers only the amount of money they are lending for the home.

In contrast, an Owners Policy is one that ensures you, the owner, from any future problems with the title for as long as you or your heirs own the property. This includes items that were not discovered during the initial title search. Such items include forgery, fraud, or false claims to the property by others. 

Title insurance takes time and skill.

There’s a reason most home buyers turn to a professional when it comes to getting their title insurance policy right. The process can take up to 100 different steps, sometimes more if problems do arise! Luckily most consumers won’t even have to go through this process, as their title pro will have it all taken care of before they present the policy.

If you’re interested in learning more about title insurance in Laurel, MD, don’t hesitate to contact Mid Atlantic Insurance Financial today! We will be happy to answer any questions you have and help get you started!