3 Reasons to Get Commercial Auto Coverage

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Like many small business owners, you may use your personal vehicle for business purposes. You may deliver products to customers throughout the city or transport clients to or from your business on a regular basis. Any vehicle used for business purposes should be covered by commercial insurance.

Commercial auto insurance from Mid Atlantic Insurance Financial in Laurel, MD will protect your business assets against serious accidents on the job. Here are a few good reasons to acquire a commercial auto insurance policy for your car. 

Comprehensive Coverage

Commercial insurance not only protects you, employee drivers and passengers but covers the cost of property damage to your vehicle, products and equipment due to an accident or natural disaster when on the job. Commercial coverage can also be extended to autos or trucks you rent or borrow for your business to fully protect you against injuries or loss.

Greater Liability Limits

If your vehicle is used extensively for work purposes, you are at greater risk of having an accident on the road. Commercial auto insurance provides you with higher liability limits to protect your assets in the event of a serious accident. Whether you transport goods, equipment or passengers, you can have greater confidence that your insurance is giving you the protection you need.

Claim Rejection

Personal auto insurance protects consumers who use their vehicle for personal use. In contrast, commercial insurance is designed to protect the interests of businesses that use vehicles for work purposes.  

If you only have personal insurance on a vehicle used for work purposes, your insurer could reject an accident claim due to you violating the terms of your personal insurance policy. This could leave you liable for paying for injuries or damages out of pocket.  

For more information on commercial auto coverage and costs, contact us at Mid Atlantic Insurance Financial, Laurel, MD.

When To Purchase Home Insurance

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If you are new to owning a home, or are considering buying your first home, you may be wondering when you should purchase home insurance. These are some helpful points to get you started so you can feel secure knowing that you are protected in the event of a covered loss.

Purchase Insurance At Closing

As soon as, the paperwork is completed and closing is wrapping up, you should make your homeowner’s insurance purchase. You want to walk away will peace of mind knowing that you don’t have to worry if something happens. Always maintain coverage on your home, especially if you are financing. In fact, in most cases, your insurance can be included with your mortgage so you don’t have to worry and your lender will be protected too.

Make Sure You Buy Enough Coverage

When calculating the amount of home insurance you need, you should not only consider the cost of materials, but the cost to rebuild including labor and expenses. You can opt to purchase replacement or actual value. You should speak with your insurance representative about each option to help you determine which one best suits your needs. Don’t forget to include the contents of your home so if you do experience a covered event, you can replace your major appliances and valuables and get back on track quickly. Don’t forget to keep an updated list of contents and notify your agent of any additions or changes to your home. If you live in Laurel, MD, Mid Atlantic Insurance Financial can help you get started and answer any questions you may have about homeowners’ coverage.

Don’t leave your investment to chance. Get your home insurance coverage right away and keep it up to date to prevent any uncovered losses you may incur in the future. For more information, if you live in or around Laurel, MD, Mid Atlantic Insurance Financial can give you the assistance you need. Call or stop by today to get started.

Will Auto Insurance Cover Me On My Road Trip?

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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?

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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!

In Laurel, MD: When Is Comprehensive Insurance Required for a Vehicle?

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In Laurel, MD, the agents of Mid Atlantic Insurance Financial offer all types of auto insurance to ensure you receive the type of coverage you need. Whether you are looking only for the most basic of policies, or require a comprehensive policy that protects you against a variety of risks, they can help you get exactly what you’re looking for.

The Benefits of Comprehensive Coverage

Comprehensive coverage protects you from financial loss if your car is damaged in any way except for a collision. Theft, flood, fire, and vandalism are some of the most common causes of damage. It also covers hitting an animal or if the car is stolen. Comprehensive insurance is designed to cover the small things that you normally don’t think of when it comes to auto insurance. Most people are worried about collisions or other types of accidents when in reality, it can be the smaller events that do the most damage.

When Is It Required?

If you own your vehicle, you can purchase whatever type of insurance you want. If you are leasing or have a loan on your vehicle, the lending institution will require you to carry full coverage to protect them from any type of loss if the vehicle is damaged or stolen. Full coverage is a combination policy that includes both comprehensive and collision, covering almost every type of damage that could detract from the car’s value. 

The agents of Mid Atlantic Insurance Financial offer residents of Laurel, MD comprehensive auto insurance coverage to protect them from financial loss and hardship. If you have questions about your existing policy or want to learn more about the different types of available insurance, call their office today so you can get answers.

In Laurel, MD, What Types of Commercial Insurance Are Available?

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The agents of Mid Atlantic Insurance Financial offer business owners in Laurel, MD several types of commercial insurance policies to choose from. The type of business being insured will determine which policies are the most beneficial. It’s important for the business owner to know what their financial risks are and how they would be affected by any type of loss. This will show them which policies are best suited to protect their investment.

Knowing What Is Needed

The size of your business will play an important role in the type and amount of insurance you purchase. How many employees do you have? Do you own company vehicles that are used during the daily operations of your company? Are your employees at risk during the performance of their duties? All of these questions will help you determine what insurance is needed to protect your commercial investment.

What Types Are Available?

There are several types of business or commercial policies that can protect you from various types of loss. Commercial fleet insurance is used to cover vehicles. Worker’s compensation insurance protects your workers (and you) if they are injured on the job. A comprehensive umbrella policy may be beneficial if your business has a wide variety of things that need to be covered.

Business owners throughout the Laurel, MD area are encouraged to call Mid Atlantic Insurance Financial if they have any questions about the commercial insurance they have in place or if they are interested in purchasing a new, more complete policy. The agents can evaluate the financial health of your business and fit you with a policy that meets your needs and protects you from any type of loss.

Protect Your Business with Commercial Insurance

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You have worked hard on building up your business over time and the last thing anyone wants is to lose all of that simply because they did not protect it. Mid Atlantic Insurance Financial, serving Laurel, MD, can help you find the right commercial insurance for your business so that this is never anything you have to worry about. 

Getting the Right Coverage

There are many different kinds of commercial insurance policies and there is not a one size fits all option. Your business is unique and you want to make sure that you get a policy in place that will protect that business no matter what comes your way. When you take into account all of the components of your business, you can find what makes the most sense for your situation. An insurance specialist can help you with this task and ensure you are insured from all angles. This includes finding commercial vehicle insurance if your company has a fleet of vehicles for your employees. You will also want to look into having workers compensation protection in case anyone gets hurt while on the job. There are many different things to consider when you are wanting to protect your business and you will want to take into account all of the things that could potentially happen and make sure you are set up to protect the business in all of these varying potential circumstances. 

Commercial insurance comes in all different shapes and sizes just like every business is different. That is why it is so important to get the right coverage and the right policy for your business. Contact Mid Atlantic Insurance Financial, serving Laurel, MD, today to learn more about your options and to get a quote for your perfect policy. 

The consequences of not having home insurnace.

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Home insurance may seem like a necessity to some or a burden to others. Depending on the value of your home and your financial situation, you may be tempted to drop that extra expense of having home insurance. There are more consequences than meets the eye, so most people should keep up with their home insurance. If you live in Laurel, MD, Mid Atlantic Insurance Financial may be able to get you a good deal for home insurance.

Your Bank May Require It

Many banks will mandate that you have home insurance under the terms of your mortgage. You should review your mortgage agreement thoroughly as it may just cause a foreclosure.

You Are Open To Lawsuits

If you have guests at the house and somebody slips and falls, you may have a legal issue on your hands. If a lawsuit is made against you and you are found to be at fault, you will have to cover the damages on your own.

Your Personal Belongings Are Not Protected

If a natural disaster wrecks your personal belongings, then you will have to go out and purchase new stuff on your own. One of the main reasons why people get home insurance in the first place is to protect your personal belongings. Repairs to the house will also be your responsibility.

In the end, it is completely legal to not have homeowner’s insurance if you really don’t want it. Aside from your own personal financial risks, there are no legal penalties for not having it (unlike driving an uninsured car). If you own your house in cash and you are confident that you can cover the risks on your own, then you are free to live without insurance. For the rest of us in Laurel, Mid Atlantic Insurance Financial will have us covered.

 

 

 

Maryland Title and Registration Information for New Vehicles

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If you buy a car in Laurel, MD, the dealer usually handles the title and registration requirements. However, if you buy a car in another state, you may need to submit the application on your own.  Your Maryland dealer gives you the bill of sale and a temporary or permanent license plate so that you will be able to drive the car off the lot. Later, you receive the official Certificate of Title in the mail. Note that, if the car has a title lien pending, the lien holder also receives a Maryland Security Interest Filing.

Documents You Will Need to Register

To title and register your new vehicle in Laurel, MD, gather and submit the required documents. Remember to include the appropriate taxes and fees. Form VR-005, the Application for Certificate of Title, is used to review your application and process your title. In addition, in order to register your vehicle, you must submit proof of insurance. Your policy must meet Maryland’s minimum liability insurance requirements. If you have any concerns regarding your auto insurance coverage, contact Mid Atlantic Insurance Financial, where helpful agents will be glad to answer your questions.

Other documents required are the bill of sale, an odometer disclosure statement and a certificate of origin. The certificate of origin is a proof of ownership document supplied by your vehicle’s manufacturer. For additional liens, the MVA security interest filing is required. If someone is signing for you, a power of attorney form must be completed and signed by you.

Help with Insurance

For questions about title and registration or to receive a quote for auto insurance in Laurel MD, contact Mid Atlantic Insurance Financial. Visit our website or call 301-604-4444 for a free quote today.

 

Does My Auto Insurance Cover Theft?

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Between your busy work schedule and taking the kids to various after-school activities, you have enough on your plate. With your head already full of everyday worries, adding auto insurance coverage to the list is the last thing you need to do. That is why it is important to do your research when deciding on an auto insurance policy. Choosing the right plan will ensure that you are covered no matter what happens. If you are concerned with specific scenarios within the Laurel, MD area, be sure to ask a representative at Mid Atlantic Insurance Financial.

Theft Coverage in Laurel, MD

Under Maryland state law, registered drivers are required to purchase policies that meet a number of specific minimum guidelines. Vehicle theft is not covered under these types of plans. Physical Damage Coverage, also known as comprehensive and collision coverage, will protect against any expense incurred from damage done to your vehicle or loss of the vehicle, itself. This includes damage to your car during an accident that you caused, theft of the vehicle, and vandalism.

Keep in mind that items stolen from your vehicle is a different situation altogether and may not be covered, even with the additional coverage. If someone were to break into your car and steal your personal items, you would not be able to file a claim for the loss. In many cases, only items that are actually affixed to the vehicle may fall under the umbrella of coverage. For example, custom parts that were added to the vehicle will be considered permanently fixed items.

Each state has its own rules and requirements when it comes to auto insurance, so be sure to look over all of your options in order to find the policy that best suits your needs. Contact Mid Atlantic Insurance Financial for more information on service in Laurel, MD.