How Often Do I Need To Tell My Insurer About Home Repairs?

There’s really one guiding principle behind every decision we make around insurance: Can you cover the losses out of pocket?

That is, can you comfortably cover it out of pocket? If you’re driving around with the minimum liability coverage, for instance, that’s fine if you’re rich, but for the rest of us, there’s comprehensive and collision. The same goes for home insurance. In Huntington, MD, you’re not legally required to carry home insurance, but most of us would be unable to rebuild if our homes burned down tomorrow.

This goes for repairs and minor remodeling around the home, as well: Maybe you’re not going to call your insurer every single time you replace a window or buy a new faucet, but a brand new bathtub, replacing all the old wiring in the home, that’s a big project, and it’s a good idea to make sure that your insurer knows that your home is worth a little more than what it was priced at when you first bought the policy.

For major remodeling, you certainly want to let your insurer know right up front, and consider buying renovation insurance. For minor fixes and fix-ups around the house, there’s no need to tell your insurer about every little thing, but when all those little things start to add up, you’ll want to give your agent a call every six to twelve months.

If you’re looking to get covered in Huntington, MD, call us at Monterey Insurance Group Inc. Or stop by our offices, or visit the Monterey Insurance Group Inc. website, and let’s see what we can do to protect you, your home, and everything in it.

What Commercial Insurance Is and Is NOT

A lot of new entrepreneurs are surprised to learn the variety of insurances that are available, depending on the needs of the company. There are a lot of questions to be sure to understand when looking into obtaining insurance. The professionals of Monterey Insurance Group Inc., serving the Huntington, MD area, can answer these and more.

What is Commercial/Business Insurance?

Essentially, it is a broad range of policies that are available to protect your business from financial loss should unfortunate situations arise. 

What Does it Cover?

Being a range of policies, it consists of one, or more, of the following depending on the business needs. This is far from all of the policies available, but are among the most common.

  • General Liability. This covers damages to others caused by your company.
  • Professional Liability / Malpractice. This covers professionals from damages caused due to negligent or wrongful acts, advice, or other services that led to a loss.
  • Product Liability. This covers faulty products should any cause damage or death.
  • Workers Compensation. This covers employees should they become unable to work due to a condition caused by the workplace. 

What Commercial Insurance is Not

Essentially, this depends on the elective coverages you take. General liability usually does not cover damages caused by most natural events. Similarly, it may not cover the property of any customer that is on your premises. It also does not automatically protect any personal property of the business owner that may be otherwise uninsured.

Commercial insurance needs are very specific to your business. Certain coverages may be overkill for a small business that operates from the home. However, other policies may be good to protect that home. Contact the professionals of the Monterey Insurance Group Inc., serving the Huntington, MD area, to learn what your needs are, and what you may also want

Do I have enough auto insurance?

Determining how much auto insurance to put on a new car or to purchase in a new state is a tough call. For residents of the Huntington, MD area and beyond in the Old Line State, a minimum amount of liability insurance and underinsured motorist coverage is required. To make sure you purchase enough insurance and consider any additional coverage options, contact the Monterey Insurance Group Inc. to discuss your auto policy needs. 

How much insurance does the law require?

In Maryland, state statute requires 30/60/15 liability coverage. This breaks down to coverage for bodily injury per person, bodily injury per accident, and property damage. Bodily injury per person is limited to $30,000, and the total bodily injury coverage provided per accident is $60,000. Property damage caused in an accident is covered up to $15,000. The policy funds can go toward legal costs for you, medical bills lost wages claims, and settlements up to the policy limit. 

Uninsured motorist coverage in Maryland features the same limits and also includes underinsured motorist coverage. This type of coverage provides you with protection if you’re in a wreck with someone without coverage or with inadequate coverage. For example, if you were in a wreck with a person with a minimum level policy but accumulated $50,000 in medical bills and lost wages, the first $30,000 in liability would be covered by their policy, and then your policy would step in to help.

Do I need more insurance than the minimum? 

Unless you 100% own your car, your lender is likely to require additional insurance coverage. This includes comprehensive and collision options to cover the cost of repairing or paying off your automobile in a wreck. Even if your vehicle is paid for, you may want to purchase these coverage add-ons to help you fix or replace your car should you hit an animal or total it in a wreck. Collision covers accidents with other vehicles while comprehensive steps in for wrecks involving animals or other loss situations like vandalism or auto theft.

The Monterey Insurance Group Inc. serving Huntington, MD is here to answer your questions regarding auto insurance. Contact us today to discuss policy options.

Why Commercial Insurance Is A Good Investment

Here at Monterey Insurance Group Inc. in Huntington, MD, we have realized that there are still several businesses operating without commercial insurance because many business owners believe that the insurance is not worth it. Being an expert in insurance, we want you to know that running a business without commercial insurance is like sitting on a keg of gun powder. Only a single incident can turn your business to history.

Here is why commercial insurance is as important as other aspects of your business.

Commercial insurance is mandatory in Maryland

In Maryland, once you hire at least one person, you must purchase the workers’ compensation insurance. Operating without any commercial insurance is a crime. If you continue to operate secretly, one day a disgruntled employee may blow the whistle on you.

Do you know that workers’ compensation insurance prevents your employees from being able to file a lawsuit against you for work-related injuries? Without the insurance in place, they could sue you for millions of dollars.

It protects your equipment

When your equipment breaks down, this coverage will provide funds to repair it. As a small construction company, your excavator could break down at the middle of a project. Remember, every construction project comes with a deadline. Also, that could be your only excavator. It may take some time before you raise funds to fix the excavator. So, you may resort to renting one.

If your business is insured with us, we’ll generally provide funds to fix your excavator within 24 to 48 hours. We pay claims promptly.

Commercial insurance boosts credibility

In case you need more capital for expansion, you need commercial insurance to convince potential investors and creditors. In fact, some of them may even ask for proof of insurance. Clients also consider inured companies first.

As a service buyer, if an insured company gives you the same quote as an uninsured company, we bet you’ll hire the insured one without hesitation. If there are concerns holding you back from purchasing a commercial insurance policy, you can consult us at Monterey Insurance Group Inc. in Huntington, MD. We’ll offer the most suitable insurance solution. The success of your business is important to us.

Common home riders you may want to add

Home insurance is more complicated than you might expect. It is required when you have a lender to protect their investment in your home. They are not however concerned about your personal property, they leave that worry to you. A typical home insurance policy has limits on contents and on certain aspects of the content coverage. It is up to you to make sure that the limits are appropriate for the personal property that you have. Home insurance also has some exclusions and you can for many of them find a rider that will give you the additional coverage you need. Having a knowledgeable agent like those at Monterey Insurance Group Inc. in Huntington, MD is important for your peace of mind. 

Sewer Backup

What could be grosser than a sewer backup? Nothing and the amount of damage that can be done to your home, your furnishings, flooring and personal property can be devastating. Adding this rider to your home insurance will allow you to replace and repair all the damage that is done. 


While earthquakes are not a fact of life in every city or state, earth movements of other types are also covered in this rider. Sinkholes have been showing up in many unexpected places and mudslides also come under the category of moving earth.  


Most home insurance policies have a rather small limit on jewelry. If you have a nice engagement ring you may find that it is more expensive then the limit allowed on your policy. Be sure to get an appraisal for your better jewelry before you decide on the amount of additional insurance that you need.

Riders are a way to personalize your home insurance to your particular needs. At Monterey Insurance Group Inc. in Huntington, MD we would love to sit down with you and discuss the riders that make sense to you. Give our office a call or stop by for a no-obligation quote. 

Three reasons you should purchase a comprehensive auto insurance policy

Vehicle owners are often uncertain of whether purchasing a comprehensive auto insurance policy in Huntington, MD is necessary. At Monterey Insurance Group Inc. we offer comprehensive auto insurance coverage. The following are three reasons why you should purchase a comprehensive policy for your insurance needs. 

You’re covered if your vehicle is stolen or vandalized. 

Standard collision coverage won’t compensate policyholders for issues like vehicle theft or vandalism. However, theft and vandalism can cause a great deal of damage. 

Comprehensive coverage will cover any damages the policyholder experiences as the result of vehicle theft. This means that policyholders can be compensated for the full value of their vehicle if their vehicle is stolen.

If you live or travel frequently in a high crime area, comprehensive insurance coverage is especially important to protect against theft and vandalism. 

You’re covered if your vehicle is damaged by fire or flooding. 

Standard collision coverage won’t compensate you for damages caused by certain natural disasters. It also won’t compensate you if your vehicle somehow catches on fire. Fortunately, comprehensive coverage will compensate you for events like these. 

You’re covered if hitting an animal causes damage to your vehicle. 

If you drive through wooded areas with a lot of wildlife, you need comprehensive coverage. Comprehensive coverage pays for any damage caused if you hit a deer or another animal while out on the road. Collision coverage doesn’t always compensate you for this type of damage. 

At Monterey Insurance Group Inc. we offer comprehensive auto insurance coverage to residents of the Huntington, MD area. If you’re looking for the right policy for your needs, contact us to learn more about our auto insurance coverage. 

Lifestyle Changes that Affect Your Home Insurance

Lifestyle changes such as marriage, divorce, retirement, etc., could affect your home insurance.  Some changes could affect the cost of your premium; others could alter your coverage. By discussing lifestyle changes with your Monterey Insurance Group Inc. agent in Huntington, MD, we can let you know if you need to update your insurance to maintain the coverage you need. Here are a few ways that lifestyle changes can alter your coverage.


Marriage often results in a combination of two households. As a result, you’ll have more belongings to protect with property insurance coverage. Depending on the value of your combined personal goods, you may need to raise the limits of your property coverage or obtain an insurance rider to obtain the protection you need.


Divorce involves the separation of households, which may result in fewer personal goods to insure. We can help you adjust your policy to reflect the changes you need.  


Retirement gives you more time to pursue personal hobbies or enjoy more of life’s pleasures to the full. If you decide to add a pool, spa or patio to your home after retirement, you’ll need to update your home insurance to protect these valuable renovations. These costly renovations could also increase your premium. If you plan to share these perks with friends, you may want to increase your liability coverage to protect you against the risk of accidents on your property.

New Pet

You may decide to add a dog to your household. As dogs present a risk of hurting family or friends, you’ll need to inform your insurer, so he can add your pup to your coverage to protect you against dog bites or other pet-related incidents.   

For more information about home insurance options, policy updates and costs, contact Monterey Insurance Group Inc. in Huntington, MD.

Auto insurance: What coverage do I need?

When it comes to the question of what coverage do you need, it is important to distinguish between what is required by the law in Huntington, MD and what you decide that you need to have covered. Monterey Insurance Group Inc. knows that you have choices when it comes to where you get your insurance coverage and they hope that you will choose them for your needs. 

In the state of Maryland, the required insurance is bodily injury coverage $30,000, with 2 or more people are involved it rises to $60,000 and property damage coverage of $15,000. This offers protection to other people who you may have injured and their property but what about you? The state also requires that Maryland drivers carry uninsured motorist coverage in the same amount as the basic liability insurance. This protects you in the event of a hit and run and also from residents who are non-compliant with the state requirements. 

For many people, this is not adequate coverage. Purchasing additional liability insurance is something that anyone with assets may want to consider. Beyond that, there are several options that can help to protect your vehicle from the many hazards that are out there. 

Collision coverage pays to have your vehicle repaired or replaced when you are involved in an accident where you are the responsible party. It usually has a deductible that must be met and then your vehicle will be repaired or replaced up to the value on your policy. 

Comprehensive coverage includes hazards that damage or destroy your vehicle but don’t involve another vehicle. These include weather events, vandalism, deer and other large animals and also theft. Glass coverage is usually included as well. 

When it comes to what coverage you need, the knowledgeable staff at Monterey Insurance Group Inc. in Huntington, MD can make sure that you get exactly the right coverage and the right insurer. Stop by the office or give us a call for a no-obligation quote. 



Three Important Factors when selecting home insurance

You invest a lot of effort and money into your home. As such, it’s important to protect your home’s value. At Monterey Insurance Group Inc., we offer numerous options in our Huntington, MD home insurance policies for you to consider. 

There are many types of damage that your home can experience. You need to regard home insurance as an investment and make sure that the insurance policy you choose will affordably protect you against all the damages that your home is most likely to experience.

The following are three important factors to consider when selecting home insurance: 

Limits and deductibles

Just about any home insurance policy is going to be subject to limits. This is the maximum amount of coverage it will provide. You should have limits that are not too far under the value of your home and your possessions within your home if you do not want to be left susceptible to severe financial losses.

Your deductible is an amount you will pay out-of-pocket before your insurance will start covering you. Lower deductibles mean more coverage and fewer costs for you when you have to file a claim. 

Budget and costs

The monthly premium you have to pay is probably the most important consideration to take into account in considering the affordability of your home insurance. You want to enjoy a premium that’s as low as possible while still offering quality coverage. 

You also need to consider your budget in determining an acceptable monthly premium. Find out how much you can afford to pay each month without any financial strains. 

Availability of discounts

There are a lot of different types of discounts out there for home insurance coverage. One commonly available discount from insurance providers is a bundling discount if you purchase multiple policies from the same provider. See if you can enjoy a discount by purchasing home insurance from the same provider you get auto insurance from, for example. 

Learn more about finding the right Huntington, MD home insurance policy by getting in touch with us at Monterey Insurance Group Inc.

What you need to know about commercial insurance in Maryland

Owning a business is a great professional option for anyone that wants to be their own boss, has a great idea and plenty of professional drive. The city of Huntington, MD is a great place for anyone to start a new business. While this city provides plenty of professional opportunities for business owners, it is still important that you make sure that your company is properly covered by insurance. There are several things that you need to know about commercial insurance in Maryland. 

Likely Required

One fact that you need to know about commercial insurance is that it is likely required for you to carry it. There are several reasons why you could end up being required to carry commercial insurance. First, depending on the number of employees you have, you may be required to carry worker’s compensation insurance. Additionally, if you have a business loan or if you lease your property, you will be required to carry commercial insurance to comply with your loan agreement or lease.

Protects Business

Most importantly, commercial insurance will work to protect your business from a variety of uncontrollable situations. When you have commercial insurance in place, you will receive liability insurance protection as well as protection for all of your business assets. This will help to ensure you were able to remain solvent during an unfortunate or unexpected situation that causes a loss.

Choosing the right commercial insurance policy for your Huntington, MD area business can seem complicated and confusing. However, when you call Monterey Insurance Group Inc. you will receive the guidance that you need. The team at Monterey Insurance Group Inc. is very experienced in helping business owners of all sizes choose policies that properly protect the company and owners. This is the first great step in getting into a policy that properly covers your organization.