Month: October 2024

Is It Time for An Automotive Insurance Upgrade?

Posted on by AgentInsure

Several situations may warrant an upgrade to your automotive insurance. Adequate protection can prevent financial loss and keep you compliant with the laws mandated in your state.

Changes in Driving Pattern

A new driving pattern could impose more risks than you are accustomed to. Spending more time on the road increases the possibility of an accident. Adding more liability coverage to your current automotive insurance policy provides extra protection. Choosing collision or towing coverage can protect your vehicle if it needs to be repaired or towed.

Upgrades and Modern Features

Investing in a vehicle with modern features may indicate it’s time for an insurance upgrade. New technological devices can be added to your automotive policy. This coverage protects against damage or theft incurred while driving your vehicle and when your car is parked.

Modified Use of Vehicle

You may need more automotive coverage if you decide to use your vehicle for a new purpose. For instance, if you’ve chosen to use your car for towing purposes, you will need additional insurance coverage. This coverage will protect tools and equipment used during each towing session.

Guidance on Maryland Auto Insurance

Contact one of our Mid Atlantic Insurance Financial representatives to schedule a consultation. An agent serving the Laurel, MD region will review the type of vehicle you own and your driving schedule. They will provide you with beneficial insurance coverage recommendations.

Hurricanes and Home Insurance: Know Your Policy

Posted on by AgentInsure

Hurricanes significantly threaten homeowners in coastal regions, especially around Laurel, MD. Understanding how your home insurance covers hurricane-related damage is crucial. Many homeowners assume their standard policy will automatically cover everything, but hurricane insurance has specific provisions that you should be aware of to avoid costly surprises.

Understanding Wind and Water Damage Coverage

A typical home insurance policy usually covers wind damage caused by hurricanes. This includes damage caused by high winds, such as broken windows, roof damage, or fallen trees. However, water damage from flooding is often excluded. If your home sustains water damage due to storm surges or flooding, you need separate flood insurance, often required in high-risk flood zones.

Deciphering Hurricane Deductibles

Many insurance policies in hurricane-prone areas come with a special hurricane deductible, separate from the standard deductible. This deductible is typically a percentage of your home’s insured value rather than a fixed dollar amount. It can range from one percent to five percent or higher, depending on the policy and the region. Knowing your policy’s hurricane deductible in advance can help you be financially prepared if a storm hits.

Additional Living Expenses Coverage

If a hurricane renders your home uninhabitable, your policy may cover additional living expenses (ALE). This helps pay for temporary housing, meals, and other essential costs while your home is being repaired. Review your policy to understand the limits and exclusions on ALE coverage, as some policies may only cover these expenses for a limited time.

Mid Atlantic Insurance Financial – Your Guide to Insurance

Mid Atlantic Insurance Financial provides comprehensive answers to your insurance questions. We serve Laurel, MD, and surrounding cities. Contact us today.