Month: August 2020

The Questions To Ask Your Insurance Agent When Buying Auto Insurance

Posted on by AgentInsure

Purchasing auto insurance may be a challenging experience. Thankfully, you have a good and reliable source of information  – your insurance agent. They are able to answer the questions to help you to get the perfect coverage that will protect you as a driver and your vehicle. Mid Atlantic Insurance Financial serving Laurel, MD has prepared the list of questions you should ask your agent before getting a certain policy: 

What coverage do I need? 

Since every situation is different, the insurance needs are different as well. There are following auto insurance coverages that are available: comprehensive, collision, personal injury, and uninsured and underinsured motorist protection. In order to decide what coverage you need, you should talk to your insurance agent. 

Are there any discounts am I eligible for?

It is important to ask your insurance agent about the available discounts. There are plenty of discounts you may be able to get,  including good student, safe driver, paid-in-full, safety features, and others. 

What is my deductible?

A deductible is an amount you will have to pay out of pocket before your insurance policy starts to pay. The higher the deductible is, the lower cost of insurance. Ask your insurance agents about deductible options and pick the one that is the most affordable for you. 

What will be covered in case of an accident?

Always get the specifics on what happens if you are involved in a car accident. Do not forget to aks such questions as "What if the other driver or other people are injured?", "What does exactly my policy cover?", "What will happen if someone hits me?" and other questions. 

If you are currently shopping for auto insurance and have questions to ask, do not hesitate to contact Mid Atlantic Insurance Financial serving Laurel, MD, and talk to one of its agents, who will be able to provide all the information you need.

How Much Home Insurance Do I Need?

Posted on by AgentInsure

If you own a home or are considering purchasing one then you’ve likely asked yourself how much homeowner’s insurance you need to purchase. Generally speaking, the higher the coverage you purchase the more expensive the policy so it’s not surprising to want to only purchase what you need. However, don’t sell yourself short by purchasing too little coverage because if a disaster strikes and you need to rebuild your home you’ll have to pay for any overages out of your pocket. 

In short, homeowner’s insurance covers damages and total losses to your home, property, and personal belongings. While doing regular maintenance on your home and keeping up with home improvement projects is one of the best ways to prevent costly damages to your house, the other is to make sure you have adequate insurance. While every policy will vary, most homeowner’s insurance policies will cover losses to your home including theft, lightning strikes, fire, damage from an airplane or vehicle, water damage, vandalism, riots, and more.

When it comes to deciding how much coverage to purchase, you want the coverage to equal the total replacement cost of your home. This means that if your home was declared a total loss and had to be rebuilt from scratch, your insurance coverage should at least pay for the entirety of the cost of rebuilding to pre-disaster specifications. Additionally, make sure that you have as much liability coverage as you can comfortably afford to help prevent your assets from being seized if a third party is hurt or injured while at your house. 

If you are in the Laurel, MD area and in need of homeowners insurance look no further than Mid Atlantic Insurance Financial. When it comes to insurance we know the different policy options like the back of our hands and are more than happy to assist in finding you and the perfect policy for your needs. Give us a call today to schedule a no-obligation consultation.