Month: December 2022

Don’t Be Caught Driving Without Car Insurance

Posted on by AgentInsure

Are you a licensed driver in the Laurel, MD area? Are you insured? If not, Mid Atlantic Insurance Financial professionals can provide you with the necessary coverage.

Did you know it is illegal to drive without auto insurance in 48 out of 50 states? Auto insurance provides financial protection. If you cause an accident, you may be held liable for costs related to it, including legal fees, the injured party’s medical costs, and their lost wages if they are unable to work. Liability coverage helps to pay for these expenses.

Collision coverage pays for the damage to your car in the event of a car accident, regardless of fault. For example, if your vehicle gets rear-ended while in stop-and-go traffic, this coverage helps cover the costs of repairing your damaged bumper. If the situation is reversed and you hit someone from behind, this coverage pays to repair your damaged front end.

Also, if you lend your vehicle to someone and they accidentally hit another car, the collision insurance coverage will help cover the costs of the damage to your vehicle.

Comprehensive coverage pays for damages to your vehicle in non-collision accidents. Things such as theft, vandalism, weather events, or damage due to natural disasters will be covered. For example, if your car is parked in your driveway and a strong wind takes down a huge tree branch in your yard, lands on your car’s roof, and causes a dent, comprehensive coverage helps pay for the repair costs.

Don’t risk driving without car insurance. The financial implications of doing so are too great to risk. A lawsuit could result, or you risk losing your driving privileges. Don’t allow that to happen.

Contact Mid Atlantic Insurance Financial today for a no-obligation quote or answers to any questions you may have.

Don’t Leave Your Most Valuable Asset Unprotected – Get Homeowners’ Insurance

Posted on by AgentInsure

Are you a resident of the Laurel, MD area? Are you a licensed driver? If so, Mid Atlantic Insurance Financial can provide the automobile insurance you need.

It is illegal to drive without this coverage in 48 out of 50 states. You stand to lose a lot in an accident for which you are liable. The primary reason to have vehicle insurance is to provide financial protection against bodily injury or physical damage resulting from a traffic accident. It will also provide financial protection against damage to the vehicle in a non-traffic collision, theft, weather events, or damage resulting from natural disasters.

Here are the types of automobile insurance to consider:

  • Bodily Injury – If you are in an accident and found liable for another’s injuries, this coverage pays for all medical bills, lost income, and pain and suffering.
  • Collision – Collision coverage is usually optional. Collision insurance pays up to the vehicle’s cash value minus deductible if you are in an accident with another vehicle or hit a fence or mailbox.
  • Comprehensive – This coverage pays to replace or repair a vehicle if it is damaged by fire, hail, theft, flood, falling objects, or hitting an animal. Windshield repairs are also covered. It is optional in most cases. The exception is if a car is leased, the finance company may require the driver to carry this coverage. Comprehensive coverage stays with the driver, regardless of what vehicle is being driven.
  • Liability – This coverage is mandatory in most states. The minimum liability coverage will vary according to state law.
  • Medical Payments – This coverage is optional in some states and mandatory in others. It will cover the policyholder, family members driving the insured vehicle, and any passengers. It covers medical tests, hospitalization, and surgery.
  • Personal Injury – PIP protection is not available in all states. It is similar to medical payments coverage because it covers payment of medical expenses following an accident. It also provides housecleaning services, loss of income, and childcare expenses while the driver recuperates. PIP also pays funeral costs if necessary.
  • Underinsured/uninsured Motorist – This coverage is required in some states but not in others. It provides coverage to help with medical bills and repairs to the car if the driver at fault does not have enough coverage.

Contact Mid Atlantic Insurance Financial today! You will be glad you did.