Ashley Insurance

Will Flood Insurance Cover Your Vehicle?

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Flood insurance can become a confusing matter, especially if you think there is an overlap between the different policies. This means you might be left wondering if a flood insurance policy will provide the coverage you are looking for.

Ashley Insurance, which serves Easton, MD, understands flood insurance and your needs. Here’s what you need to know about flood insurance and your vehicle.

Flood Insurance Is Important

Flood insurance is an important part of coverage and protection for personal property. It is smart to have a flood insurance policy, but you should also know what your policy entails. For example, different states may have different requirements regarding who needs to secure flood insurance, so you need to read your documents carefully. You may be surprised at what is and is not covered.

Structures Holding Vehicles May Be Included

Flood coverage may encompass the types of buildings that house vehicles. These include attached and detached garages and sheds that you use for parking. Your insurance documents will detail how much flood coverage your garage has.

Vehicles May Need a Separate Policy

Vehicles are often a different story when it comes to flooding. Your flood insurance documents can detail exactly what is covered by your policy, and you can learn more about your coverage by speaking with an insurance agent.

Learn More About Flood Insurance

Flood insurance can be a great resource to have, but you need to understand what kind of coverage you need to protect all of your property. Ashley Insurance can provide Easton, MD residents with the information they need to protect themselves and their property in the event of a natural disaster.

When To Review Your Life Insurance Policy

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Life insurance is the most important thing you can do to secure the future for your loved ones. Many take out a policy, then put it away until it’s needed. Ashley Insurance wants our Easton, MD residence to understand why regular review of your life insurance policy is as important as having one in the first place.

Why Review Your Insurance Policy?

Life is constantly changing. Our families grow, we move, we run into obstacles. These changes can greatly affect our insurance needs. It’s recommended that policy-holders review their insurance at least once per year. However, there are other significant life events that call for a coverage adjustment. We’ve listed some of them below.

Review Your Insurance During Important Life Events

Family Size Changes 

This includes when you marry or divorce. The birth or adoption of a child or grandchild is also cause for a life insurance review. Consider adjusting if you are financially supporting another family member, such as a parent or sibling. 

Health Changes

A significant change to your health or that of your partner is cause to review your life insurance. This is particularly important for critical conditions like cancer. It may also be important to review when a loved one, such as a child, needs long-term care.

Other Changes

Adjustments should be made whenever you come into an inheritance. Additionally, make a review whenever you purchase a new home or refinance your home.

These are just a few of the significant life changes that require a review of your life insurance policy. Whenever you need to make important life insurance decisions, Ashley Insurance is here to help our Easton, MD neighbors every step of the way. Reach out to us by phone or online today.

Protect Your Business Investments With Commercial Insurance

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Owning your own business is a huge investment of both time and money. Only you know the true value of what you have put into your company. Commercial insurance is the best way to protect this investment and to protect your employees and customers. At Ashley Insurance, serving Easton, MD, we can help you better understand commercial insurance products. 

What Is Commercial Insurance?

Commercial insurance is a type of insurance intended to serve the needs of business owners like you. Commercial insurance bundles together all of the important types of coverage that will help you as the business owner protect your investment, employees, and customers. 

What Does Commercial Insurance Cover?

Because every business is different, commercial insurance can be highly customizable. In general, commercial insurance can help provide the following types of coverage.

  • Auto Insurance- Auto insurance is essential for the business owner who operates vehicles on a regular basis. This type of coverage is necessary to keep your vehicles and drivers legal and safe. 
  • Property damage- Property damage coverage will protect the financial investment you have made in your place of business and equipment. If your location or equipment is damaged because of fire, natural disasters, or even burglary, your property damage coverage can help cover the expenses. 
  • Liability coverage- Liability coverage is crucial to long-term financial security for both you and your business. If a customer or employee is injured at your place of business or because of your goods or services, you could personally be held liable. Liabilities can include medical bills and even legal fees if a lawsuit is pursued. Liability coverage will protect your assets if this happens. 

If you would like to learn more about our services, please contact us at Ashley Insurance, serving Easton, MD. 

Types of Auto Insurance

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You may have an idea of the mandatory policies required for Easton, MD drivers, but do you know what these policies cover? In addition to this, optional policies also come with different features, all providing protection for different emergencies. Before signing up for any cover, understanding the various auto insurance options on the market will be an essential part of your coverage journey. Below, Ashley Insurance explains the different auto coverage options to be on the lookout for.

Liability Coverage

Liability coverage protects 3rd parties from bodily injury liability and property damage liability. With the state being an at-fault region, you will be required to cover the costs of other parties’ injuries when you cause an accident. In addition to this, you will also be mandated to cover any property damage costs that other parties incur when you cause an accident. Liability coverage helps you pay for these costs, acting as an ideal protection mechanism when you are on the road.

Medical Payments Coverage

Medical payments coverage takes care of your medical expenses when you are injured in an accident. Your passengers are also protected by this coverage, allowing them to offset any hospital bills they incur due to bodily injury.

Collision Coverage

Collision coverage helps you pay for costs for collision accidents when you hit objects on the road or other motorists. This policy ensures that you get compensation for your vehicle repair and replacement costs.

Comprehensive Coverage

Comprehensive coverage comes in handy when you get into non-impact accidents. These can be instances involving hail, theft, vandalism, and fire accidents. Comprehensive coverage allows you to cover your repair or replacement costs when these incidents occur.

Uninsured/Underinsured Motorist Coverage

Uninsured coverage protects you when you get into an accident with an uninsured motorist and will compensate you for your injuries and vehicle repair and replacement costs. If, on the other hand, you are hit by a motorist whose cover is insufficient for covering your injuries and vehicle damages, underinsured coverage will help you pay for these costs.

Whether you are a first driver interested in purchasing auto insurance or need to renew your Easton, MD cover, call Ashley Insurance today for tailor-made auto insurance. 

Do Maryland residents need boat insurance?

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In the Easton, MD area, the nice weather during the summer months of the year makes it a great place to own a boat. If you are a boat owner here, you can have a lot of fun enjoying all the local waterways. While you can have a lot of fun when owning a boat in this area, it is important to remember that it comes with responsibility. One responsibility that you will have is to ensure the boat is properly insured. You will need to have boat insurance here for a few reasons.

Protection for Boat

A common reason to have a boat insurance plan in this area of Maryland is to ensure that you have protection for the boat. Buying a boat and maintaining it the right way requires a big investment. A great way that you can protect this is by getting the right insurance. If you do properly insure the boat, you will have coverage against the risks of theft, vandalism, or other forms of loss. 

Required for Use in Some Areas

It would be best to get insurance for your boat as it may require use in some areas. If you intend to lease a space in a marina, you will likely have insurance requirements that need to be met. Having this coverage provides comfort to the marina and other owners as you will have liability protection if you cause an accident that results in damages. 

As you are looking for a boat insurance plan in the Easton, MD area, it would be helpful to call Ashley Insurance. There are a lot of choices to make when you are looking for boat insurance. The team with Ashley Insurance will help by carefully evaluating your needs and options and providing the support to choose an ideal insurance plan. 

Do I need to get flood insurance?

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Buying your home in the Easton, MD area can be a great long-term financial decision while also giving you a consistent place to call home. When you get a property here, having the right insurance for it continues to be extremely important. One form of insurance that you will need to get here is flood insurance. There are a lot of reasons why having flood insurance could be necessary for people here. 

Home is a Flood Risk

A key reason people in this area of Maryland will need flood insurance is that their home is at risk for flood damage. When you purchase a home near the ocean, a lake, or a river, there is always a chance that a flood could occur. Even if the risk is small, the potential damage could be significant. As a standard home insurance plan will only offer limited flood protection, getting a full flood insurance plan could give you the coverage you need to offset this concern.

Insurance is a Lender Requirement

You will also need to have a flood insurance plan because it could be a lender requirement. A mortgage lender today will always want to ensure that you have the right insurance in place. If your home is in a flood zone, the lender will likely require that you not only obtain flood insurance but that you also have your payments escrowed with the bank.

Those who will buy a home in the Easton, MD area should always make sure that they get proper insurance for it. If you evaluate your flood insurance needs, the team at Ashley Insurance is a great group to call. Ashley Insurance will help you evaluate your options and choose a plan that is ideal for your situation. 

A Life Insurance Introduction

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A life insurance policy provides a financial contract between an insurance company and a policyholder. Some of these contracts pay a specific sum of money to the beneficiaries at the policyholder’s death. Others provide a death benefit plus a cash value account that lets the policyholder save money pre-tax.

Two Main Types of Life Insurance

You can find two types of life insurance — whole life and term policies. Ashley Insurance, serving Easton, MD, offers both types. A whole life policy requires the policyholder to pay premiums regularly, whether monthly, quarterly, or semi-annually. One type of whole policy requires only a lump-sum premium payment to fund it.

A term policy provides a death benefit to the beneficiary if the policyholder dies during the term and requires premium payments only during the years of the policy term. These terms typically last for 10, 20, 30, or 40 years. While term policies all essentially work the same way, whole policies include a great deal of variation. 

How Whole Policies Vary

Most whole policies provide only the death benefit, but you can obtain a whole policy with a cash value component. Some of these cash value accounts contribute a portion of the monthly premium, while the other portion goes into a savings account. Some of these savings accounts provide a specific interest rate, while others earn in an investment account. The investment account may use a money market format, or it might link to an index fund.

Once only used by high-income earners, cash value accounts now provide options for those making normal incomes. You can obtain a cash value account with a death benefit of $70,000.

These cash value whole life policies provide a pre-tax method of saving. Many of the policies guarantee a certain interest rate or earnings minimum. You can borrow against them for loans or withdraw from them while you continue to pay the premiums. In some cases, this temporarily reduces the death benefit of the policy. It increases again once the policyholder repays the loan or withdrawals. The whole life policies with cash value accounts include universal life, guaranteed universal, variable universal, and indexed universal.

Contact Ashley Insurance, serving Easton, MD, for more information on life insurance and how to obtain coverage. Let us help you obtain the policy you need to provide for your beneficiaries.

Benefits of commercial insurance policies.

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It’s pivotal for any small business owners in Easton, MD to be conversant with the various commercial insurance policies available at their disposal. Acquiring outstanding commercial insurance aids in preparing and protecting your business from potentially ruinous costs arising from an accident.

Statistics reveal that Maryland has more than 581,000 small businesses accounting for 99.5% of all state businesses. Commercial insurance can cushion your business entity from imminent losses and is a vital part of owning the business. Maryland businesses should get adequate protection to safeguard their assets and owners against risks.

As a Maryland resident seeking a commercial insurance policy, it’s crucial to assess accurate information on current minimum insurance requirements. Connect with our team at Ashley Insurance situated in Easton, MD, and our knowledgeable agents will answer all your questions about commercial insurance. If you operate your business devoid of the right commercial insurance protection, any arising claims will be settled out of pocket, therefore, impacting negatively to your revenue. One way to avoid this stress is purchasing commercial insurance at Ashley Insurance.

Benefits of commercial insurance policies.

  • Provide bodily injury coverage: If your business operations result in injury to any person, liability insurance comes in to cater to the cost of injuries inflicted.
  • Helps mitigate financial losses: Having commercial insurance at your disposal in Easton, MD aids in mitigating financial losses caused by unfortunate eventualities such as vandalism, fire, and theft.
  • Covers for advertising liability: When a business entity violates other business copyright rules, it leads to a copyright infringement. Liability insurance comes into play and offers legal coverage against such claims.
  • Provide property damage protection: When your business venture inflicts damages to a third party’s property, this form of coverage is tailored to cover such loss.
  • Helps to promote business continuity: If your business entity gets hit by unforeseen events and you do not possess a commercial insurance policy, it may jeopardize your operations, which may lead to closure.
  • Assists in risk-sharing: When misfortunes hit your business, the insurance company can come to your rescue. In case you have insured your business, the risk gets shared between your business and the insurance company.

Contact us or visit our Ashley Insurance offices in Easton, MD to get a fast and reliable quote on commercial insurance.

Auto Insurance Variables Maryland Residents Should Consider During The Winter

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Ashley Insurance serves the Easton, MD community, and the surrounding areas, by providing insurance coverage. For over 25 years, we have helped our clients find policies to protect their assets. Providing excellent customer service is important to us.

Auto Insurance Variables During The Winter

As you travel around Easton, MD, and other parts of the state, auto insurance covers you against some risks. You can have peace of mind that you will be protected if you are involved in an accidental collision. You are also covered if your vehicle is stolen or vandalized. Liability coverage protects you if you are held responsible for any damages caused in a collision. As the seasons change to colder temperatures, you have to adapt. Here is a look at some important variables.

During the winter, there is a higher likelihood of being involved in a collision due to the road’s unpredictable nature and other drivers. You want to make sure that you have comprehensive coverage to be prepared for any situation.

Add storage coverage. When you aren’t driving, make sure that your vehicle is stored in a safe place. You can add storage coverage to be protected if your vehicle is vandalized or severe weather causes damage to the unit.

As accidents can happen at any moment and especially during poor driving conditions, consider adding emergency roadside assistance. If you have a flat tire or engine troubles, you can receive towing service. Adding uninsured motorist coverage is another option to consider. You will be protected if you collide with another vehicle and the driver doesn’t have insurance.

Ashley Insurance Will Help You Stay Safe On The Road

Visit our website today to learn more information on auto insurance.  

Is Boat Insurance Required in Maryland?

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Boat insurance is not a requirement under the state law in Maryland, but there are circumstances in which you may be required to obtain a boat insurance policy. The agents at Ashley Insurance in Easton, MD know and understand the importance of boat insurance and the available coverage options.

If your boat has been used as collateral for a loan or you owe a loan for the boat’s purchase, you will be required by the lender to obtain a boat insurance policy. You may also be required to have a boat insurance policy if the marina where you have your boat docked requires it. Whether you are required to have boat insurance or not, you have invested in your boat and will want to ensure it is protected. There are several coverage options available for your boat insurance policy.

Liability Boat Insurance

If an accident occurs involving your boat, liability insurance will cover injuries sustained by anyone involved in the crash, including passengers on your boat, if it is deemed to be your fault. Liability insurance also covers any property damage that occurs during an accident.

Comprehensive Insurance

Comprehensive coverage is designed to repair or replace your boat if it becomes damaged or destroyed by a natural disaster, such as a hurricane, or a fire or vandalism incident. If your boat or watercraft is stolen, this part of your policy will help you purchase another boat.

Collision Insurance

Collision coverage will help you pay for any damages to your boat or other watercraft if you collide with another boat or an object. For instance, if you hit the dock as you are attempting to park your boat, the collision part of your policy will pay to repair your boat as well as the dock if it is damaged.

 To get your boat insurance policy started today and protect your investment, contact Ashley Insurance agents in Easton, MD to schedule an appointment or to receive a quote.