Laurel MD

How Does Fleet Insurance Fit Into Your Overall Commercial Insurance Portfolio?

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Business owners know the importance of having comprehensive commercial insurance to protect their assets and all of their hard work. However, fleet insurance is one aspect of coverage that can often be overlooked. If you are a business owner in the greater Laurel, MD area, Mid Atlantic Insurance Financial is here to help you complete your commercial insurance portfolio. If your sales force or delivery personnel are utilizing firm vehicles for their work, you may want to look into fleet insurance as a way to put adequate coverage in force. Fleet insurance is often overlooked when a company is constructing their commercial portfolio, even though it is an effective way to protect your interests.

Does Your Company Require Fleet Insurance?

Insuring every company car individually is one way to protect your firm’s assets, but is it the most effective? If you have multiple vehicles that are owned by your company for business use, it makes sense to find out more about fleet insurance. These policies can help to protect business owners from theft, damage, and liability. Fleet insurance is also a great way to streamline your policies and keep your portfolio comprehensive and also easy to manage. We recommend that commercial business owners meet with a full-service agent at least once a year to review their coverage. 

Want to Learn More about How Fleet Insurance Fits Into Your Overall Commercial Insurance Portfolio?

The dedicated team of professional agents of Mid Atlantic Insurance Financial is here to answer all of your questions and address any concerns that you may have relating protection for your commercial fleet. If you are a business owner in the greater Laurel, MD area, call or stop by today to learn more about completing your commercial insurance portfolio.

Making your Home Safer for Guests during the Holidays

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The holidays are a perfect time to have fun, relax and create indelible memories with friends and family. As such, it is vital to keep your living space safe to protect your loved ones. Here are some of the measures you could take;

Ensure that your home’s insurance policy includes a liability insurance cover

Even with all the above precautions, accidents could still occur in your home. A liability insurance such as the one provided by Mid Atlantic Insurance Financial covers you against such accidents. In such a case, the insurer will meet the accident’s medical expenses up to your policy’s limit. 

Secure the home against intruders

The crime rate during the holiday season is usually high. Therefore, you need to secure your home against burglaries even if you do not plan on traveling.

Use secure decorations

Decorations are a major part of the holidays. However, you need to observe the highest standards of safety when installing them. Place any decorations close to the walls to avoid tripping. Hanging decorations should also be securely strapped to keep them from falling and hurting your guests.

Area rugs and carpets should be secured in place with non-slip pads to reduce the chances of tripping. Alternatively, you could temporarily remove them.

Be mindful of what foods your visitors eat

Most people are allergic to one food or the other. The last thing you want to be accused of is poisoning your guests through the food you provide them with. Ask or inform them in advance of the foods you have or intend to prepare.

The Mid Atlantic Insurance Financial Agency has been serving the Laurel, MD area since 2005. Contact us today for tailor made home insurance coverage options. You can also get a free estimate of your policy on our website. 

What Types of Businesses Need Commercial Insurance?

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If you are thinking about opening your own business, there is a good chance that you will need to invest in commercial insurance. And while this might seem like a pretty straightforward concept, once you start looking at commercial insurance policies, you will quickly notice they are available in different types and some types might not be applicable to your company. For now, Mid Atlantic Insurance Financial serving the Laurel, MD area would like to give you a rundown on the types of businesses that need commercial insurance. 

You own commercial property

If you own commercial property and there are workers or customers who use the property to carry out business-related functions or even leisurely activities, then commercial insurance will be essential to protecting your assets. With commercial insurance, you can rest easy knowing if anyone is hurt on your commercial property that the insurance will help compensate for the associated medical expenses. 

You run your own business

Even if you operate a business out of your home, you will need to check with an insurance agent to see if you can benefit from commercial insurance. This type of insurance will be especially advantageous if you carry out business functions from your home that require business colleagues or customers to visit you at your home office. Commercial insurance is also important if you operate your own company because it can help protect you from issues such as libel and slander. 

You have employees working for you

Lastly, any business that has employees needs to at least invest in workers’ compensation insurance. In fact, depending on the number of employees that you have, it may be mandated by law that you have this type of insurance. 

The easiest way to learn about the various types of commercial insurance you need is to speak with a qualified insurance agent from Mid Atlantic Insurance Financial serving the Laurel, MD area. 

What Are the Benefits of Using an Insurance Company That Offers Tag and Title Services?

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When you are looking to ensure your automobile, you should look at many factors in finding an insurance company. One of the factors you should look at is whether they offer tag and title services. This is a service that we at Mid Atlantic Insurance Financial, serving the greater Laurel, MD area, are pleased to offer our customers. Learning the benefits associated with this service can help you see how it can be beneficial to you to find a company that offers this type of service. Here are a few of those benefits. 

You Don’t Have to Wait At a Crowded MVA Office

The biggest benefit associated with using an auto insurer who offers tag and title services is that you don’t have to wait at a crowded MVA office to get your tags and title. You can do everything you need to do with your insurance company. This can save you a great deal of time and is extremely convenient. 

You Can Get Answers to Your Questions

The other major benefit associated with using an auto insurance company that offers tag and title services is you can get answers to your questions easier. When you have questions about tag and title services, you have a few options. You can search the Internet and hope the information you find is current and accurate. You can call the MVA and wait on hold. Or you can use an auto insurer who offers these services. They can answer your questions quickly and accurately. 

If you are in need of auto insurance in the greater Laurel, MD area, turn to Mid Atlantic Insurance Financial. Not only can we help you get auto insurance, but we also offer tag and title services as well. Call us today to obtain a free estimate. 

Benefits of Tag/Title Insurance?

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Buying a new or used car is always a big purchase. Because of this, you will want to make sure you have the right types of insurance in place. One important type of insurance to have is tag and title insurance which can provide a number of benefits.  

Ensures Clean Title

One of the most important reasons to have tag or title insurance on your car is that it can help to ensure you are able to receive a clear title report. When you buy a new or used car, there is always a risk that some lender or another party could have filed a lien against the vehicle. Even if you buy the vehicle through a normal process, you could still be found liable for these claims.  When you have tag or title insurance in place, you will receive coverage in the event these claims arise.

Ensures Transfer of Title

Another reason to get tag or title insurance on your vehicle is that it will ensure the transfer of the title.  While you can provide cash consideration for the purchase of a car, it will not become yours by law until the title transfers.  The title insurance provider will help to ensure that the title is transferred properly and that you are the recorded owner.  The insurance will also provide protection in the event the transfer is not handled correctly.  

When you are looking to buy a new or used car in the Laurel, MD area, reaching out to the Mid Atlantic Insurance Financial company would be a great option.  The Mid Atlantic Insurance Financial company will be able to provide you with more insight into the need for title and tag insurance to make sure you not only understand the benefits but also get the right policy.  

Will My Auto Insurance Cover Modifications?

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Are you planning to custom-paint your car or add major modifications like a supercharger? Car customization often brings automobile insurance ramifications. As a result, you will need a special insurance policy from an insurer like Mid Atlantic Insurance Financial in Laurel, MD since your regular auto insurance may not cover the modifications. 
 
Modifications covered/not covered by a standard policy
 
Vehicle customizations are not made by the manufacturer and are typically not included in the standard auto insurance policies. There are insurers who regard a vehicle as customized or modified when the body, chassis, or frame is structurally modified, or the value of the custom paint costs more than several thousands of dollars, or the autos performance is augmented considerably. Most insurers will not cover these enhancements except for rims and tires, which you have to provide receipts for. Still, the amount that the insurer will pay may be less than the original cost.
 
The coverage you require for customizations
 
There are two options you have when ensuring your customized automobile:
 
Supplemental coverage
 
Most insurance companies provide endorsements that offer supplemental coverage for after-market components and modifications. The premium you will pay for the extra coverage may equate to approximately 10 percent of the modification value, although this depends on the insurance company. 
 
Collectible/classic car insurance
 
In case your insurer does not provide the supplemental coverage, you may seek protection from an insurance service provider that offers a classic/collectible automobile insurance plans (which will include modified vehicles).
 
Before you can modify your car, read the existing policy thoroughly and understand the exceptions and exclusions. Talk to your insurer or agent and let them know that you want to make changes to the vehicle. The company will advise you accordingly on your options. If you live in Laurel, MD area, consider contacting Mid Atlantic Insurance Financial for more information.

3 Tips for Running Your Commercial Business the Right Way

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If you have a commercial business in Laurel, MD, then you will definitely want to research various ways to make sure your company is a success. Operating a commercial business can be incredibly time-consuming, but with the right talent and resources, any company can increase its revenue, even if it has had to downsize in the past. For now, here are three tips for running your commercial business the right way.

Use Your Entrepreneurial Spirit

Executives of commercial operations are often in charge of millions of dollars. Some of these companies even have budgets that are in the billions, giving them much influence in today’s economy. If you want your commercial business to be a success, then you must use your entrepreneurial spirit to establish a solid infrastructure. You might start out with a small budget, but as you use your CEO skills to expand your operations, you will start to see that your revenue and budgets start to expand as well. 

Importance of Commercial Insurance

One of the most important things you can do for your company is to purchase commercial insurance. By purchasing this type of insurance for your business, you will be protected from certain damages and lawsuits. Commercial insurance can also help protect you during periods of severe financial loss and may prove itself as a valuable asset that keeps your business afloat. 

Best-In-Class

As CEO, you need to pinpoint the products/services that you have expert knowledge in and then create your infrastructure around these areas of expertise. You can then create manufacturing, marketing, and distribution strategies that allow you to maintain a competitive advantage in the industry you are operating in. 

Contact Us Today

If you would like to learn more about the ins-and-outs of insurance for commercial businesses, please contact Mid Atlantic Insurance Financial serving the Laurel, MD area. 

3 Reasons to Get Title Insurance

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Because your home is likely the largest financial investment you will ever make, taking the proper steps to protect it is imperative. When you initially purchase your home, your lender will require you to purchase a title insurance policy, too.

You may wonder why you want to do this. Learn more here.

It Provides Protection for Your Home as an Investment

Most people don’t have any idea how many things may go wrong with the title to their house. Even if problems occurred prior to the purchase of the home, they can affect your ownership. Incidents related to fraudulent documents, or deeds that were signed by underage grantors or something else, can threaten your title. With title insurance, your investment will be protected.

It’s an Inexpensive, One-Time Fee

When you buy a home in Laurel, MD, the cost for title insurance will be included in the closing costs – that’s it. You don’t have to keep paying for this coverage once you purchase it from Mid Atlantic Insurance Financial – it will be in place as long as you own the home.

It Covers Whoever Inherits the Property

If you plan to leave your Laurel, MD home to your kids, or some other heir in your will, then they won’t have to purchase title insurance again. When you pass away, the property will transfer to them, along with the title insurance you purchased. This will help you save money in the long run.

If you want to purchase title insurance in Laurel, MD, the best thing you can do is contact the staff at the Mid Atlantic Insurance Financial. Find out more about this type of insurance by speaking with the professionals. They will help ensure you get the coverage and policy you need.

 

Choosing the Right Company for Your Home Insurance

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Having home insurance is important for protection and peace of mind, but it’s more than just the policy. It’s also the company the policy is through. Some companies will simply provide more value and customer service than others, so you want to make sure you’re choosing the one you can work with and rely on. Trusting your home insurance company is very important. With Mid Atlantic Insurance Financial, you can get the coverage you need for your Laurel, MD home. That way you know you’re covered, and you don’t have to worry about being financially protected at your home.

Not all policies are the same, and that’s true of companies, too. Since you know there are differences, you want to focus on those differences and find the company and the policy that can provide you with everything you need to keep your home protected. From standard home insurance policies to options that cover more than just the basics, the right insurance company can help you get everything that’s important to you. Then you don’t have to worry about being properly protected, and you can just enjoy your home without concern over financial problems if you need to make a claim or something gets damaged.

By choosing Mid Atlantic Insurance Financial, your Laurel, MD home can be protected the right way. You’ll also have the opportunity to work with your agent when you have questions and can get the information you need to make an informed decision on proper coverage. As your needs change in the future, your agent will also help you navigate the options you have and provide you with choices about the best kinds of coverage in the future. Then you’ll always be up to date and your home will be protected the right way.

Life Insurance: A Plus for Singles

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Life insurance can be a tremendous asset to young, single adults in protecting their interests. In fact, the best time to purchase life insurance is when you’re young and healthy as you qualify for lower policy costs. Here are some of the advantages of purchasing a life insurance policy from Mid Atlantic Insurance Financial as a young, single adult.

Easier to Get Approved

Young, single adults are less likely to have problems getting approved for life insurance as they pose less of a health risk than their older counterparts. Life insurance is also more affordable to buy as a young adult, saving you substantially on your premiums.  

Clearance of Debts

A life insurance policy can come in handy to eradicate debts in the event of your untimely demise. If you took out a loan to pay for your car or college expenses with a co-signer, he or she will be held liable for paying back these loans if anything were to happen to you. This could put your co-signer under tremendous financial pressure. Life insurance benefits can be used to clear outstanding debts so no one is burdened financially.

Provides Financial Assistance to Dependent Family

If you’ve made a commitment to help your aging parents or younger siblings financially, they could suffer financial loss if you were to suddenly pass on. Life insurance can provide a buffer for loved ones who depend on your financial assistance to survive. Benefits from your policy can continue to support your family in Laurel, MD while they recuperate from your loss.  

At Mid Atlantic Insurance Financial, we recognize the important role that life insurance can play in your life. To learn more about life insurance coverage and what it has to offer, contact an agent from Mid Atlantic Insurance Financial in Laurel, MD today.