How Home Insurance Provides Peace of Mind

One of the biggest milestones that you’ll ever achieve is owning a home. It’s a great accomplishment and one that is definitely worth celebrating. To ensure you take care of your home, it’s pertinent to invest in home insurance. In fact, this type of insurance will provide peace of mind in several ways. Here at the Monterey Insurance Group Inc. serving the Huntington, MD area, we’d like to share two ways home insurance provides peace of mind.

Protection During Bad Weather

As a resident of Huntington, you undoubtedly know how severe the weather can get, especially during the winter time. What if an ice storm comes through and causes a branch from a nearby tree to fall on your new house? Do you have the funds stashed away to pay for the damage? With the right homeowner’s insurance policy, you can rest easy knowing your insurance will take care of the damage for you.

It Might Be Required

Depending on how you went about becoming a homeowner, it may be required to have insurance. Most lenders will mandate a person to have home insurance when they borrow funds to purchase the home. If you don’t maintain insurance, you run the risk of losing your mortgage loan, which means you ultimately run the risk of losing your home. With insurance, though, you have great peace of mind in knowing you are meeting your lender’s requirements.

If you would like to learn more about the many ways in which homeowner’s insurance provides peace of mind, please don’t hesitate to reach out to the Monterey Insurance Group Inc. today serving the Huntington, MD area.

What is the best kind of life insurance for me

No one is required to have life insurance but almost everyone should have it. Residents of Huntington, MD can turn to the staff at Monterey Insurance Group Inc. to help them to know if they need to have life insurance, how much to buy and what type will fit their needs best. Basically, there are two types of life insurance term and permanent life. Both of them provide important protection.

Term Insurance

Term life insurance is insurance that is purchased to provide coverage for a specific number of years. This can be anywhere from 10 years up to about 30 years. Most plans can be renewed for more than one term. Term life is supposed to be temporary to cover you through the most vulnerable years when you have a family and want to protect them. The rates are lower because the insurance company is betting that you are going to outlive the term of your policy. It is the sort of bet you are hoping that they win.

Permanent Insurance

Permanent Insurance may be universal life or whole life It provides coverage if you die but the amount of the premium will be much higher than a term policy. Whole life policies accrue cash value and earn interest. Universal Life plans may also earn interest but it is not a guarantee. With whole life, you buy the policy when you are younger and guarantee the rate premium you will pay. It will stay the same throughout the entire life of the policy. If you have trouble saving, this is a good way to have protection while putting aside the money for your funeral expenses.

If you have been telling yourself you need to look into life insurance and you live in the Huntington, MD area why not give Monterey Insurance Group Inc. a call or stop by their office to take advantage of their expertise in the life insurance market.

Does Home Insurance Cover Cars in the Garage?

Cars are a big part of your home, and if your home is destroyed by a fire or other major damage, your car may be affected as well. Your home policy is going to cover far more than you might imagine and it may even help cover damage to your vehicle. For those that live in the Huntington, MD area, the agents with Monterey Insurance Group, Inc. can help you find out just what your policy covers and what coverage you may need to add.

How does your home insurance protect your car?

Your home insurance is going to cover damage to your car if it is damaged in a fire or other disaster that affects the home. This may not be the best way to go about getting your car fixed, however. It is always beneficial to check into filing a claim with your car insurance as well. Though your home insurance will cover damages, it may be more beneficial to file with your auto insurance as it is more specifically tailored to coverage for your car. This means that if your car is damaged but not destroyed, it may be better to file with your auto insurance. For those cars that are totaled, it may be better to file with your home insurance if there is enough coverage on the policy. Similarly, the level of damage to the home may also affect how beneficial it is to file with your home policy.

It is always best to speak with an agent if you have any worries about what your coverage is going to help pay for. For those that live in the Huntington, MD area, the agents with Monterey Insurance Group, Inc. can help you determine which policy to file with and can help you to learn if you have enough coverage or not if your car is destroyed in a disaster that strikes your home.  

Auto Insurance for Aging Parents

Auto insurance rates are often based strongly on age. The reason for this is because much research has gone into learning at what ages there are greater or lesser risks of accidents and injury. What kind of changes can you expect for aging parents? Let Monterey Insurance Group, Inc. in Huntington, MD help.

Rates and Ages

Since auto accidents seem to increase for the youngest drivers, it would make sense that as you get older, your rates go down. However, this trend only lasts until individuals begin heading into their elderly years. Once an individual reaches a certain age, rates may go up again. Elderly drivers are at special risk due to changes in hearing, vision, and slower reaction times. Rates are also higher in this age bracket because older drivers sustain more and worse injuries than younger drivers in an accident. 

Are There Discounts Available?

There are some steps you can take to help get the best deal possible for an older driver. AARP offers driving classes for older people. These refresher courses are a great way to help them drive safer and, in some cases, discounts are offered for individuals who will take these driving courses. Another option is to use safety features for vehicles. Many newer cars come with plenty of safety features that can make driving much safer than in years past. If you are thinking of buying another car, look for one with options that help you drive safer. Driving less may also give them the opportunity to come off of the insurance policy if they are just a member of the household and not the main policy holder. 

If you would like to learn more about how to safely and affordably insure older drivers, please call our friendly staff today at Monterey Insurance Group, Inc. in Huntington, MD. 

Does Home Insurance Cover Damage From Air BnB Guests?

Home insurance is necessary to protect you from all types of threats and events that can cause damage and financial loss. Today’s home insurance can provide coverage for events that are new to the social landscape and pose a very real risk to homeowners, especially those who choose to engage in Air BnB services. 

Air BnB Guests

Air BnB is a company that matches people who are visiting certain areas, with homeowners who are willing to rent out their homes like a hotel or a guesthouse. Although this can be very beneficial over time, it also poses some risks that require great home insurance. Before you even begin to offer your residence for Air BnB, make sure you go over the situation with a skilled insurance agent to make sure you are prepared for anything that can happen when you rent out your home or property.

Finding A Knowledgeable Company

Before you can protect your home or property adequately, you need the guidance and assistance of a professional and skilled insurance provider with agents who know how to give you the options that protect you sufficiently. If your property or home is in the Huntingtown, MD area, you should work with Monterey Insurance Group, Inc. They know the landscape of home insurance and can point you in the right direction, so you are always covered and have peace of mind when you Air BnB. 

Monterey Insurance Group, Inc., serving the Huntingtown, MD area, offers protection to homeowners throughout the state by creating quality home insurance protection. Contact our offices to speak with an agent and get a quote or try our online rating tool for quotes on home and auto insurance from the comfort of your house.

Should I Get Commercial Insurance?

If you own or manage a business, you will know very well that many different vital decisions need to be made. One choice you will need to make is whether or not you should get commercial insurance, and there are a variety of key reasons why you should get commercial insurance in place for your business.

Provides Necessary Liability Protection

When you produce and sell any product or service, you are naturally taking on a lot of liability. In these situations, one of the best things that you could do would be to invest in a liability insurance policy. This type of policy will provide you and your business with protection in the event that you are sued for negligence or another type of liability.

Covers Employees

For those that have employees in the Huntington, MD area, having workers compensation insurance in place is almost always a requirement. This type of coverage will provide coverage to you and your employees if someone is injured while working on the job.

Property Protection

Many commercial insurance policies will also include a property insurance policy. This type of insurance will provide protection to your physical place of business. This will normally be required if you are the owner of the building under your mortgage document. If you are a tenant, the landlord will likely require that you carry it at all times during the length of your lease. 

If you have a business in the Huntington, MD area and have decided that commercial insurance is a good idea and investment, you should reach out to the team at Monterey Insurance Group, Inc. When you work with our company, you will receive the consultation that you need to pick the right commercial insurance policy to meet your needs. 

Auto Insurance: Does Yours Protect Your Investment?

If you have a vehicle, you need insurance for it. Fortunately, there are options for auto insurance in Calvert County and the surrounding area. At Monterey Insurance Group, Inc., we offer the help and guidance you need to get a policy that is going to work for your needs, vehicle, and lifestyle. How you use your car or truck, the mileage you put on it every year, and a lot of other factors all matter for protecting the investment in your vehicle through the right insurance policy. When you work with a knowledgeable agent, you can get what you need for good protection and plenty of peace of mind.

One of the problems with auto insurance is that people get it and then forget about it. They do not make any updates to it over time, even if their situation changes. That can lead to them not being covered the way they expect to be. If they have a claim, they may not be protected at the level they needed to be. But you can avoid that by making sure your auto insurance is what you need and require. Your agent can tell you if your policy offers the kind of protection you should have, or whether you might need more than you currently have actually to be fully protected when using your vehicle.

Reach out to us today at Monterey Insurance Group, Inc. and protect your Calvert County area vehicles the right way. By working with us, we can help you get the proper coverage for a car you just bought or one that you have had for a long time. Then your peace of mind will be real, and your insurance coverage will be what you need to honestly and ultimately protect the investment in your vehicle.

Home insurance coverage options

At Monterey Insurance Group, Inc., a home insurance policy helps you protect your family and your home against several risks. The home insurance protects the physical structure of your property, detached structures such as garages or sheds, personal belongings in your home, and liability claims filed against you or family members. Quality and sufficient coverage makes all the difference when it comes to protecting your home with a home insurance policy. Therefore, it is vital to understand the different types of home insurance coverage options in Huntington, MD before you choose what suits your specific needs.

Types of coverage options

Personal property coverage: The coverage is designed to protect your personal belongings. It can be very costly to replace items such as bicycles, large pieces of furniture, and stereos in the event of a disaster. In addition, the coverage option can help you protect these items even if they were stolen or damaged outside of your home.

Dwelling coverage: The coverage is designed to protect the physical structure of your property such as roofing and walls.

Other structures coverage: If you have other physical structures on your property, it is essential to purchase the other structures coverage option. The coverage protects different types of structures such as stand-alone garages and sheds.

Additional living expense coverage: If your home becomes uninhabitable, you may need to stay in a hotel. It is crucial to have additional living expense coverage to cover for the hotel bills. Remember, the cost applies after a covered loss.

Liability coverage: The coverage option comes in handy when someone who gets injured on your property decides to sue you for damages. The cost of such a lawsuit can quickly add up and be a huge financial liability if you don’t have liability coverage.

Guest medical coverage: While it is important to have liability coverage to protect yourself against lawsuits, the guest medical coverage is for paying the medical bills when a guest gets injured on your property.

It is crucial to explore all your options when looking for suitable coverage options for your home in Huntington, MD. For more information about home insurance coverage options and guidelines on how to find the most affordable home insurance policy, contact Monterey Insurance Group, Inc.
 

 

The Benefits of a Business Interruption Add-On for Your Commercial Insurance Policy

When you are purchasing a commercial insurance policy, there are many add-on, or supplemental coverages, that you can decide to buy. Each add-on clause helps to cover a portion of your business that is otherwise not covered by a traditional commercial insurance policy. At Monterey Insurance Group, Inc., serving the greater Huntingtown, MD area, we recommend that our customers buy a business interruption add-on. Here are a few of the reasons why:

Pays Your Rent or Mortgage

If your business is unable to open and operate, you may not have the income you need to pay rent on the building or your mortgage. You may be unable to open due to fire, flooding in the area, or a hurricane that hit town. Business interruption insurance helps to pay your rent or mortgage when you are unable to open your business due to events covered under your commercial insurance policy. 

Supplements Your Income

When you are unable to open your doors, you may also be losing out on your income. If your business cannot open, you are not making money. Business interruption policies help to supplement your income during the time that you are unable to open. 

Covers Spoiled Goods

Lastly, business interruption policies help to pay for and cover goods that may have spoiled or gone bad because you could not sell them quickly because you couldn’t open your business. 

The right commercial insurance policy can help to protect your business against unforeseen circumstances. If you are looking to purchase a new commercial insurance policy, or make changes to an existing one in the greater Huntingtown, MD area, Monterey Insurance Group, Inc. would love to help you. Contact us now to get started. 

Do You Need Full Coverage Auto Insurance?

The purpose of auto insurance is to protect you against financial ruin in the event you are involved in an accident. A full coverage auto insurance policy from Monterey Insurance Group, Inc. in Huntingtown, MD will provide this type of protection. Before getting auto insurance, take time to review what full coverage has to offer.   

Understanding Full Coverage Insurance

Most full coverage auto insurance policies offer liability, comprehensive, and collision protection. Some include uninsured motorist and medical payments in their full coverage package. Under full coverage, your insurer will pay for:  

  • Damage to others in an accident you cause. This liability coverage includes medical expenses and property damage up to the limits on your policy. If your accident causes injuries or damages above the limits of your policy, you could be held liable for the remaining costs. Paying more for higher liability limits will help protect your financial assets.
  • Damage or market value of your vehicle under collision coverage. You’ll have to subtract your deductible if you’re found at fault for the accident. Comprehensive insurance covers theft, vandalism, and damage caused by adverse weather and natural disasters.
  • Injuries sustained by you or your passengers up to the limits of your medical payments coverage.
  • Injuries sustained by you or your passengers due to being hit by an uninsured driver per the limits of your uninsured motorist coverage.

Do You Need Full Coverage?

If you’re financing a new vehicle, your lender may require you to have full coverage. Even if your new vehicle is paid off, full coverage insurance will protect your costly investment. Full coverage auto insurance comes with a higher premium, but the protection you receive will more than offset these costs.

To learn more about full coverage auto insurance policies and costs, contact us at Monterey Insurance Group, Inc. in Huntingtown, MD.