Insurance
Your insurance needs are diverse and life is always changing in new and exciting ways. At Chesapeake Finance we know how life can be, which is why have many different types of insurance to meet all your changing needs. Click the links below to learn more or fill out the form to book your appointment today with our insurance partner – Limestone Insurance.
Home Insurance
Homeowners, Condo, and Renters Policy Types: The Differences
A homeowners policy is for people who own their own home. This may be either a house or a condominium: Essentially, if you are making payments on the home with ownership as the end goal you will need homeowners insurance. This type of policy will cover both the outside of the home and all the contents of your home. It will cover the majority of natural disasters (certain disasters like earthquakes may be excluded but you may add extra coverage for that specific purpose) and will allow you to replace or rebuild damaged property. If your home is broken into by a thief and items are stolen your insurance will help replace stolen items and pay for any damage in terms of vandalism that the thief did.
With a renter’s policy, the coverage includes the inner contents of the home, apartment, or room that you are renting. This is coverage for the break-ins, the natural disasters, fires, and other circumstances that are beyond your control. Even though your landlord will have a homeowners policy on the place you are living, it does not cover your own personal items as a renter, which is why renters insurance is essential.
You may be very surprised to see the range of prices you’ll get in home insurance quotes. You can sometimes save hundreds of dollars, or even more, simply by choosing one company over another. However, it is important that you get quotes only from reliable top carriers. Your local independent agent is the best resource for this since they can accumulate multiple quotes from the top carriers for you online. Your independent agency will give you the power to compare all the best policy options conveniently at home!
Auto Insurance
- Collision Coverage – This is the basic insurance type that covers your vehicle if you collide into something. This covers collisions with other cars as well as if you were to run into a wall, barrier or bridge.
- Comprehensive Coverage – This covers anything that may happen to your car that is not directly related to a collision. This would include things such as theft, fire, hitting a deer or vandalism.
- Liability Coverage – This type of coverage covers the damages when you are at fault in an accident and you damage someone else’s car or property. Liability coverage is often mandated by law, so it is important that you as the driver make certain you have an adequate amount.
- Medical Payments – This is also called PIP in some states. Medical payments pay for any injuries to the driver or passengers that occur if an accident occurred while you were driving. Medical payment insurance varies from state to state, so make certain you are covered as expected.
Now that you understand a bit more about the different types of auto insurance available, you are probably ready to find the right coverage for you. The best way to do this is to work with an independent agency that will allow you to compare insurance quotes online. By doing this, you can rest assured you are getting the best deal as well as getting the personal attention you need.
What you do today can improve all of your tomorrows.
– Ralph Marston
Other Insurance
Most people are already quite well aware of their choices in home insurance, Auto Insurance, and life insurance. However, it is not a very well known fact that you can obtain other insurance for nearly any of your possessions. Just because your items are a bit out of the ordinary doesn’t mean you cannot get high quality insurance policy coverage for your boat, recreational vehicle (RV), or your other toy. Here are some of the basics about other insurance coverage types.
Recreational Vehicle (RV) Insurance
This is truly a vital type of insurance because if you own a recreational vehicle you are likely to be out on the road with it, traveling through different areas — often different states. Your recreational vehicle needs to be insured just as much as your daily driver does — and because your monetary investment in the RV is so substantial you need to be certain you won’t lose that large investment if disaster strikes. RV coverage can be arranged through your independent agency, and is often merged with your current auto policy. This will sometimes yield you a substantial policy discount, as well.
Boat Insurance
Whether your boat spends half of its life in the garage or it is out on the sea full time, boat insurance is essential. Your boat is exposed to weather and daily elements no matter where it is, and it may also be exposed to vandals or thieves. Your Home policy will not cover your boat whether it is on your property at the time it is stolen or vandalized or not. Ask your independent agent about how to make certain you have the supplemental coverage you need to insure your boat is protected.
Umbrella Policies
You may also want to compare prices on umbrella policies when you get other types of insurance. Umbrella insurance gives you extra liability coverage that exceeds your Home, car, or boat policy. Once the liability limits on those policies have been hit, your umbrella policy will be activated. These policies will cover liability related coverage for situations like: Rental units, accusation of libel or slander, and false arrest. The umbrella policy will fill gaps in your existing policies.
The best way to get full coverage at reasonable prices is to speak with your independent agent about comparing policies. You can easily obtain quotes from multiple top level carriers conveniently over the Internet this way!
We’d Love to Help You With Your Insurance Needs
Address
6759 Holabird Ave, Suite A
Dundalk, MD 21222
Call Us At:
LOCAL: 410.288.5566
1.877.901.CASH (2274)
FAX: 410.288.5042
For A Loan Review
6759, Holabird Avenue, Graceland, Dundalk, Baltimore County, Maryland, 21222