Month: April 2020

Three things your home insurance policy needs to provide

Posted on by AgentInsure

Home insurance is a product that protects the investment you make in your home. At Mid Atlantic Insurance Financial, we provide home insurance that will cover the costs of damages to your home and protect you from liabilities as a homeowner. 

You need to have a home insurance policy in Laurel, MD that provides you with adequate coverage. The following are three things your home insurance policy needs to provide. 

Liability coverage

Many homeowners associate home insurance first with protecting financially against physical damage to their property. However, this is not the only important form of coverage that home insurance offers.

Home insurance should also include liability coverage. Coverage for liabilities will cover the expenses of a lawsuit that results from an accident or event on your property. It’s important to make sure that your home insurance includes adequate liability coverage. 

Coverage for natural disasters you’re at risk for

You need to gauge the particular risks for damage there are at your property. Think about what natural disasters are likely to occur and cause extensive damage in your area.

If your area is prone to damage from earthquakes, flooding, or hurricanes, you need to have a home insurance policy that will provide coverage in these situations. 

An affordable deductible

It’s important that you can afford to pay your deductible out of pocket in the event that you have to file a claim.

A higher deductible will mean lower monthly premiums. However, a deductible that’s too high could create problems for you. Your home insurance coverage won’t kick in until your deductible is paid. 

Learn more about our home insurance policies in Laurel, MD. Contact us at Mid Atlantic Insurance Financial with questions and inquiries regarding our insurance products. 

Understanding Uninsured Motorist Coverage with Auto Insurance

Posted on by AgentInsure

Getting into a car accident is something that no one ever looks forward to. A car accident can result in damage to your vehicle, injuries, and more. It is a miserable experience you do not wish for anyone. Thankfully, you usually will have auto insurance coverage there to help make you whole and get back to normal. What happens, though, when the at-fault driver does not have auto insurance?

The coverage that you need to be sure you have with your auto insurance policy is known as uninsured motorist coverage. The value of uninsured motorist coverage is that you are going to be able to file a claim with your insurance company where you are not at fault, but you can still recover.

Say you get into an auto insurance accident and you are not liable for the accident in any way. The first thing that happens is you file the claim and it is determined the other driver is at fault. Your insurance company will then try to recover those losses from his or her insurance company. If they do not have auto insurance, there is no other auto insurance company to recover from. This is where uninsured motorist coverage will come into play.

When your insurance company cannot get reimbursed for your losses, which you are not at fault for, they will payout for those losses to you under the uninsured motorist coverage. This can protect you in the event of this scenario. With so many folks driving without insurance in Laurel, MD, and other parts of the United States, uninsured motorist coverage is a must. Work with the Mid Atlantic Insurance Financial team today to make sure it is part of your auto insurance coverage.