Protect Your Summer Fun with Boat Insurance

Do you love boating during the summer months? Do you have a boat or are you considering the purchase of one? If so, make sure you protect yourself and your loved ones with boat insurance. If you live in or near Easton, MD area, Ashley Insurance can provide you with the coverage you need.

You may wonder why you should insure your boat year-round, rather than during the summer months only. Basically, it may be more expensive to just insure it during the boating season.

Here are some reasons to keep your boat insured year-round:

  • It may be required. If your boat is financed, it is required by lenders to carry insurance year-round. Their investment needs to be protected during the off-season as well.
  • Risk exists out of the water as well. Boat insurance should offer protection from theft, fire, and vandalism, which can happen all year round. These events can occur more likely during the winter months when boatyards are unattended.
  • Even though your boat is in storage, it is still vulnerable to damage from natural disasters such as flooding, fire, and weather events. Having insurance coverage for your boat can prevent you from a huge loss.
  • Your homeowner’s policy covers damage to your boat while it is on your property. The amount of coverage offered is less than what you would receive with a boat insurance policy. Boat insurance typically covers:
    • Collision damage – covers replacement or repair of your boat in the event of a collision.
    • Property damage liability – covers damage to someone else’s boat, dock, or other related structures or property.
    • Bodily injury liability – this covers you in the event you injure another person in a boating accident and are being sued.
    • Comprehensive – covers you if your boat is stolen, damaged, or vandalized in an event other than a collision.
  • Canceling your boat coverage during the winter months and then starting it again before the boating season can be more costly than carrying it all year. Most insurance companies will reward their customers with a reduced deductible for each claim-free year. If a claim is made, you will end up paying the full amount of your deductible. Loyalty discounts are often given for maintaining your coverage and renewing annually.

Get The Right Coverage Today

If you live in or around the Easton, MD area, contact Ashley Insurance and start protecting your boat today.

Things You Need To Consider Before Purchasing Flood Insurance

Flood damage is very common in the United States. Therefore, it is worth having flood insurance that will protect your property. However, many homeowners do not carry it, thinking that home insurance is enough. Unfortunately, the truth is that home insurance does not cover damage caused by floods, so it is recommended to purchase flood insurance as well. Consult with Ashley Insurance in Easton, MD for expert insurance advice.

If you are currently shopping for it, there are certain things you need to consider:

What Should You Consider Before Getting Flood Insurance?

  • The cost of flood insurance. It is based on a number of factors, including your flood risk, the age of your home, the level of coverage, and the deductible amount. It is also important to know that flood insurance is usually cheaper outside of flood zones. 
  • Flood history in your area. You should know the flood risk in your area before getting flood insurance to make sure you have enough coverage. You can find flood zone information in the MSL listing. If your home is located in a high-risk flood area, you may have to pay a year’s worth of flood insurance upfront as required by some mortgage lenders. 
  • How flood-proof your home is.  In order to minimize the chances of flood damage, you can make certain changes. For example, you can elevate your house to make sure water is not coming. However, you should understand that some changes are quite expensive. 

We Are Here To Help You Find Perfect Flood Insurance For Protecting Your Property 

If you are thinking of purchasing flood insurance to protect your home, Ashley Insurance in Easton, MD is ready to assist you. We will help you find a perfect flood insurance policy that will address your personal insurance needs and provide sufficient protection. Feel free to check out our website or call us to get all the detailed information you need. 

Reasons You Need Life Insurance

While most people are counting their pennies these days, the truth is that you may want to consider getting at least a little life insurance. It may be worth the added cost, just in case. Consult with Ashley Insurance in Easton, MD to learn more about your options.

Here are some reasons why you need life insurance:

If your family relies on your income, you need to have life insurance

It will allow them to have time to make decisions, instead of having to make rash decisions that they may regret later. They may be able to keep the house, or at least come to their own conclusion about whether or not they want to sell the house. 

It can help pay funeral expenses

Most people don’t plan ahead when it comes to their funerals. Your family could have to pay out a few thousand dollars once you are gone. 

It may even help them pay off debt

Your family may be able to use your life insurance money to pay off their (or your) debt with the life insurance money. This can leave them on a much better footing when it comes to their financial health. 

Though you may not want to waste any money, think about your family’s future. Are they going to be lost without your income? Will they struggle to make ends meet? Can they pay for your funeral or even keep their heads above water? If not, you should seriously consider getting life insurance. Even if it just gives them a few months to make some decisions, it is going to be worth every penny! 

Give Us A Call

If you want to make sure that your family is protected, you need to speak to a professional. Don’t hesitate to contact us today at Ashley Insurance in Easton, MD.

Required Commercial Insurance in Maryland

When you are a business owner in Maryland, there are types of commercial insurance that are mandated by state law that your business may need to keep. It’s important to make sure that you understand what is required for your business so that you keep operating legally. When you need commercial insurance for your business, call us now at Ashley Insurance in Easton, MD.

Understanding Commercial Insurance Coverage

Workers’ Compensation Insurance

While there are a few exceptions, generally within Maryland every business that has any number of employees must carry workers’ compensation insurance for them. Even just one employee, even if they are only part-time, requires that you have this insurance. This coverage protects both you and your employees by paying for medical bills that are due after a workplace injury or an illness caused by the workplace. This insurance also pays employees disability benefits when needed. 

Commercial Auto Insurance

When a Maryland business owns a vehicle, it is required to have a commercial auto insurance policy to protect it. The policy is required to have different kinds of coverage within it, including bodily injury liability and property damage liability. The amounts required for both of these coverage types are relatively low, however, and it’s often recommended that Maryland business owners get more than the minimum amount of coverage to protect their businesses. If you run a trucking company, there may be other insurance coverage that you need in order to comply. If you use a personal vehicle to perform work tasks, it’s recommended that you get a policy called hired and non-owned. This can be the coverage you need in these instances, as personal insurance often won’t pay for accidents that happen while performing work tasks. 

Get Commercial Insurance

If you need commercial insurance, don’t wait. Call us today at Ashley Insurance in Easton, MD.

Insuring Your Family’s Teen Driver

As your teenager approaches the age of 15, you need to contact Ashley Insurance serving Easton, MD about adding your teen to your auto insurance.

Adding Your Teen to Your Policy

This process requires phoning our office to inform us that they’ve acquired their learners’ permit. While adding them takes just a phone call, you might experience a little "sticker shock" at the cost of adding them.

That cost comes from their lack of driving records and the risk levels of teens. Teenaged drivers comprise one of the largest groups who incur accidents. They lack experience in driving, and they take too many risks. That increases the insurance underwriter’s risk, and your premiums increase.

How can you reduce the premiums?

You can make your teen take a defensive driving course along with their school’s driver’s education course. Another option includes sending them to a driving school course.

You can also place a monitor in their vehicle from the insurance company that records their driving record. The insurance company regularly reviews this data to determine how the driver manages risk. You need to wait until they obtain their own vehicle, though, because you must guarantee that each monitor applies to just one driver.

Purchasing Their Own Policy

At 16, your teen can purchase their own policy. This process typically occurs when they buy their first car. The insurance cost belongs to them solely when they buy their own policy. If they purchase a used car of more than a decade in age, it makes the most sense to obtain liability and bodily injury coverages. If your teen bought the car for about $1,000, there’s probably no reason for comprehensive or collision coverage. That’s the opposite of your own vehicle insurance because you probably purchased a new vehicle.

Contact Us for More Information

When you need to decide how to handle insuring your teen for driving, contact Ashley Insurance serving Easton, MD. We’ll help you determine the most affordable way to insure them.

Is Boat Insurance a Worthwhile Investment?

In these challenging economic times, you are certain to question every item you spend your money on. If you own a boat, you might question whether it’s worth writing a check to your boat insurance company. After all, boat accidents are rare, so the chances of damage or injuries when using your boat aren’t as high as in cars. While there are many excuses you can come up with not to buy boat insurance, at Ashley Insurance in Easton, MD, we always say one thing: buy boat insurance, or you are one calamity away from a financial mess.

If you have trouble writing that boat insurance check, here are reasons why boat insurance is worth every penny.

It protects you against liability claims.

Yes, boating accidents may not be as frequent as car accidents, but when you are at fault for one, it can be the start of your financial ruins. If you cause an accident that leads to bodily injury or property damage, you could be sued, messing up your finances. If you don’t have boat insurance, you will have to settle legal and settlement costs from your pocket.

Protects your boat

Purchasing a boat doesn’t come easy. For many people, it has taken years to accumulate enough savings to purchase a water vessel. For others, they may have taken a loan that will have to be paid over the years. Whatever route you have taken to finance your boat, it’s always a good idea to protect your asset with boat insurance.

Emergency assistance

If your boat breaks down miles away from the shore, it can be panicky and costly to get you to safety. However, if you have the right boat insurance coverage, help is always one call away.

Convinced that boat insurance is a worthwhile investment in Easton, MD? If yes, please get in touch with Ashley Insurance for an affordable quote.

Benefits of flood insurance for your home

Ashley Insurance is proud to serve the insurance needs of our friends and neighbors in the greater Easton, MD area. If you are wondering if flood insurance is right for your home, we are here to help! Give our office a call today and let us help you with all of your insurance needs. 

Benefits of flood insurance

There are a lot of benefits to flood insurance, especially for homeowners in this area. If you have determined that this is an insurance type you need because of your home’s location, there’s no time to delay.

You may be aware that insurance providers can treat coverage and claims differently due to the cause of the damage the policyholder has suffered. While you may think that all coverage is the same, this isn’t necessarily true. Water damage is one of the main types of damage that is treated differently based on the cause of the damage.

Having flood insurance in place can help you recover from flood damage, no matter how significant. The main benefit of having this type of policy in place is that you know that you have the coverage you need. You will have a lot to deal with following a flood, and wrestling with your insurance company over coverage won’t have to be one.

Flood damage can take a long time to repair, and the project may be a costly one. Insurance can help make the process less stressful.

Let’s work together to protect your home!

Easton, MD area homeowners can rely on Ashley Insurance for all of their home insurance needs. If you want to make sure that your house has the protection it needs, including flood insurance, give us a call or stop by today!

What Are the Different Types of Life Insurance Policies?

Life insurance is one of those things that most people don’t like to think about. But it’s important to have the correct type of coverage for your situation.

There are many different types of life insurance policies from which you can choose, so let’s look at some of them now: term life, whole life, universal life, and variable life.

  • Term Life Insurance: Term life is a type of basic insurance that’s relatively affordable and pays a death benefit if you die within the term – or period mentioned in your policy. The time can vary from as little as five years, but it typically ranges from 10-to 30 years. It doesn’t build any cash value and only covers the insured person or people for a specific period.
  • Whole Life Insurance: It is also known as permanent insurance because it isn’t designed to expire. This policy builds cash value and will typically pay a death benefit when the insured person dies, no matter how long they live. You’ll have to pay premiums until you die, but you can get back some of your premiums when you cancel the policy.
  • Universal Life Insurance: Universal life insurance is like whole life because it builds cash value and offers the option to cash out your policy or borrow against it. It will also pay your beneficiaries a death benefit when you die. But unlike whole life, universal life doesn’t have to be paid indefinitely, so the premiums can go down if you choose not to pay them after an initial period.
  • Variable Life Insurance: Variable life insurance has many similarities to whole life since it’s technically permanent insurance. But there are some significant differences between the two types of policies. You can invest in a sub-account that allows you to choose how much you’re willing to pay and what kind of investments you want your money to go toward. This way, you can have greater control over your investments.

There are many different policies to choose from, but it’s crucial for you to research and know exactly what type of coverage will work best for your situation. Looking for life insurance in Easton, MD? Ashley Insurance can help. Call us today to learn more.

 

Four Reasons Your Small Business Needs Commercial Insurance Coverage

It can be so challenging to operate a business, especially when you consider all of the day-to-day responsibilities business owners must take on. Business owners often become overwhelmed and forget about one of the most important aspects of owning a business: protecting that business with commercial insurance. Ashley Insurance, serving Easton, MD, shares four reasons why your small business needs to be properly insured.

Stay in Compliance with the Law

As a business, it is imperative you have insurance that will protect you. However, depending on where you live, it may be required by law. For example, in most states, workers’ compensation insurance is required if you have a certain number of employees working underneath you. Failing to meet the legal requirements for insurance could lead to penalties or even closure of your business.

Reassures Customers

In order to be successful, your business must have a solid reputation. By investing in the right commercial insurance coverage, your customers, clients, and even employees will feel better working with you. Having the necessary insurance for your business tells others you can be trusted and that your company is a credible business. 

Covers Legal Actions

A business can be sued for any number of reasons, including bodily injury on company premises, defamation, or unfair termination. Facing a lawsuit can have a negative impact on your company’s reputation and overall bottom line. At the same time, it can be expensive to fight a lawsuit. Luckily, the right insurance coverage can help cover these costs so you aren’t paying out of pocket for them, harming your bottom line.

Keeps Your Business in Operation

In the event your business must close temporarily as a result of a natural disaster or fire, your revenue is likely to be negatively affected. The right commercial insurance policy will cover the revenue you lose during this time, as well as ongoing business expenses like rent. 

When you want to ensure your small business is properly protected, reach out to Ashley Insurance, serving Easton, MD.

What Auto Insurance Do I Need in Maryland?

If you drive a vehicle in Maryland, then you likely know the importance of auto insurance as a form of protection on your daily route to work, school, errands, or wherever else you may be going. This great state is filled with vehicles and drivers, all on their way somewhere. 

Legally, every driver and vehicle must carry a minimum of liability insurance to drive a car in Maryland. Liability insurance serves to offer the driver protection they need if they are responsible for a collision. If you’re a resident of Easton, MD and are looking for auto insurance, Ashley Insurance is a great option for many reasons. 

While you may not think about the risks involved in driving when you’re rushing out the door in the morning, that doesn’t mean there aren’t risks. You may drive defensively and believe yourself to be a safe driver, but you can’t control who you may come into contact with on the road at any given time. 

That’s why a full coverage auto insurance plan in Easton, MD is highly recommended by Ashley Insurance. Plans that include coverage for uninsured or underinsured motorists, liability coverage, comprehensive and collision coverage are ideal because they can fully cover the driver in an accident, whether it’s your fault or not. 

There are so many reasons to protect yourself when driving a vehicle in Maryland. Don’t put it on the back burner for another day. Particularly during the winter season when the roads are slick and more dangerous, you’ll be grateful you invested in auto insurance when the moment comes when you need it the most. 

Contact Ashley Insurance for all your auto insurance coverage needs. We’re here to help!