Hitting a deer with your car can be a frightening and stressful experience. Every year, thousands of drivTNavigating insurance options can feel overwhelming, especially with unique regional considerations. At Famous & Spang Insurance, we want to make sure Marylanders have all the tips they need to stay informed and well-protected. Whether it’s understanding regional weather risks or making the most of your policy options, here are our top tips to help Maryland residents secure the right coverage for every situation.
1. Prioritize Flood Insurance for Coastal Areas
- Why it matters: Maryland is home to over 3,000 miles of coastline, making flooding a common concern, especially for those living near the Chesapeake Bay and other bodies of water.
- What to do: Flood damage is generally not covered by standard homeowners insurance. Consider adding a flood insurance policy if you live in a high-risk area to protect your property against flood damage. Even for low- or moderate-risk areas, flood insurance can be a wise investment.
2. Consider Wind and Storm Damage Coverage
- Why it matters: Maryland experiences a variety of severe weather, including hurricanes, thunderstorms, and even the occasional tornado.
- What to do: Homeowners and renters should review their policies to ensure they have adequate coverage for wind and storm damage. This may include checking deductible amounts, particularly for wind-related damages, as some policies have separate deductibles for hurricanes.
3. Bundle Policies to Save Money
- Why it matters: Many Maryland families have multiple insurance needs, from auto and home to recreational vehicles like boats.
- What to do: Bundling multiple policies with the same provider can lead to significant savings. At Famous & Spang, we offer bundled packages that provide excellent coverage and added convenience, with potential discounts that can make a difference over time.
4. Protect Your Small Business with the Right Coverage
- Why it matters: Maryland is home to many small businesses that form the backbone of local communities. However, running a small business can come with unique risks.
- What to do: Business owners should consider liability coverage, property insurance, and workers’ compensation policies to protect themselves and their employees. Customizing a policy to fit your business’s specific needs will provide peace of mind so you can focus on growing your venture.
5. Explore Pet Insurance for Your Furry Family Members
- Why it matters: Marylanders love their pets, and with vet costs on the rise, pet insurance can help offset unexpected expenses.
- What to do: Look for a pet insurance plan that fits your pet’s specific needs, especially if they have any pre-existing conditions. Famous & Spang can guide you through options that will provide quality care for your pet without financial strain.
6. Stay on Top of Auto Insurance Requirements
- Why it matters: Maryland has specific state-mandated auto insurance requirements that all drivers must meet, including minimum liability limits.
- What to do: Make sure you’re up-to-date on Maryland’s requirements, and consider adding comprehensive or collision coverage if you want extra protection. With Maryland’s dense traffic in cities like Baltimore, added protection can be especially beneficial.
7. Take Advantage of Homeowner Discounts
- Why it matters: Many Maryland homeowners may qualify for insurance discounts without even realizing it.
- What to do: Home improvements like installing a security system or updating electrical wiring can often reduce premiums. Ask your agent about discounts for certain safety upgrades or combining policies.
8. Reevaluate Your Policy Annually
- Why it matters: Major life changes such as buying a new home, expanding your family, or starting a business can impact your insurance needs.
- What to do: Schedule an annual policy review with your Famous & Spang agent to ensure you’re always adequately covered. This yearly review is a great opportunity to adjust coverage, explore new options, or simply gain peace of mind.
Conclusion
Insurance is an essential part of protecting what matters most, but it doesn’t have to be confusing. At Famous & Spang Insurance, we’re here to help Marylanders make informed choices, saving time, money, and stress. If you’re ready to explore your options or have questions about specific coverages, give us a call!
