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.
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.
Do you own a pet or are you planning to get one soon? Well, you may soon be among the 65 percent of US households that have a pet according to a survey that was conducted by the American Pet Products Association in various parts of the US including Huntington, MD. Although this may be an impressive statistic, there is more to it that you need to understand, especially when you are considering to purchase a home insurance policy.
The Center for Disease Control reports that at least 4.5 million dog bites are recorded each year in the United States, and this is the primary reason why some home insurance providers such as Monterey Insurance Group, Inc. will be reluctant to offer you a policy if you own a dog breed that is considered vicious.
Why Are Insurance Companies Concerned About Your Dog?
Most families consider their dog as a member of the family. You treat your pet well and show it unconditional love. However, the insurance company is concerned about the possible dangers of having certain pets. No matter how cute your dog may be, it has the potential to attack and bite your visitors.
Even the best-trained pet dogs are unpredictable, and it is the duty of the insurance provider to look at every unforeseen risk when creating your homeowner’s insurance policy. If there is a significant chance that your dog could attack your visitors, then you need to be prepared for the consequences when it comes to obtaining your insurance policy.
Does The Dog Breed Matter?
The simple answer to this question is yes. While all dogs may appear to be angels, the truth is that certain breeds of dogs are more dangerous compared to others depending on how they are raised. Some of the dog breeds that are considered highly dangerous include:
- Chow Chows
- Great Danes
- Staffordshire Terriers
- Pit Bulls
- German Shepherds
Are you a homeowner in Huntington, MD, and the surrounding areas? Contact Monterey Insurance Group, Inc. today for your homeowners’ insurance policy.
Business owners know that there are key elements that are required to run and protect their company. One of the most critical elements is commercial insurance. Businesses that own and operate heavy equipment need complete coverage to protect their valuable belongings and prevent serious financial losses that could impact the well-being of the operation.
Covering Heavy Equipment
Standard commercial insurance doesn’t generally provide coverage for heavy equipment and is designed to protect the structure and its contents rather than vehicles and heavy equipment. There is specialized insurance available that is designed to cover the equipment and provide the blanket of protection necessary to repair or replace expensive machinery critical to the welfare of the company. Before selecting your insurance policy, it is important to research the limits and exclusions for coverage. It is best to ask a professional insurance agent about the details so you can be informed.
Getting Complete Coverage
If you own a business and have heavy equipment, make sure you know what your commercial insurance covers and make any additional insurance purchases that cover gaps in the policy. Business owners in and around Huntington, MD can rely on the expertise of Monterey Insurance Group, Inc. to provide the guidance necessary to provide complete insurance protection.
Don’t leave your valuable assets unprotected. Contact the offices of Monterey Insurance Group, Inc. serving businesses in and around Huntington, MD with quality commercial insurance products. Call or stop by to speak with a friendly, knowledgeable insurance agent and ask the questions that help you make the best decision for your company. Get the peace of mind you need today without wondering if you are fully protected.
No matter where you live in Maryland, you’ll want to make sure you have the right kind of car insurance. At Monterey Insurance Group, Inc. in Huntington, MD, we can help. Whether you’re new to the state or new to driving, our independent insurance agents will have you equipped with the proper insurance in no time!
Just Moved to Maryland?
Those who are new to Maryland need to be aware that the rules and regulations for car insurance in Maryland may be different from those in their previous state. To register your car here, you’ll need proof of insurance.
Additionally, before you can register your vehicle, your vehicle must pass the Maryland State Inspection. During the inspection, your vehicle must show that it is up to Maryland’s safety standards. Every county in Maryland has authorized inspection stations, so you’ll need to find one near you.
Required Maryland Car Insurance
All Maryland residents must make sure they meet the minimum legal Maryland auto insurance requirements. You can also add additional coverage to fit your needs.
In Maryland, you must have:
- Bodily Injury Liability Coverage: $30,000 minimum per person and $60,000 minimum per accident
- Property Damage Liability Coverage: $15,000 minimum
- Uninsured Motorist Bodily Injury Coverage: $30,000 minimum per person and $60,000 minimum per accident
- Uninsured Motorist Property Damage Coverage: $15,000 minimum
- Personal Injury Protection: $2,500 minimum (However, in Maryland you can choose to waive this protection and choose limited PIP instead.)
If you need car insurance in Maryland, call the independent agents at Monterey Insurance Group, Inc. in Huntington, MD today. They can help find you the coverage you need to get you on the road!
Your home is the largest and most important asset that you will ever own. At the same time, it is a considerable investment that needs to be taken seriously and be properly protected. For those that are in the Calvert County area, one of the best ways to protect their home is to get a quality home insurance policy. A good home insurance policy will provide you with protection many different ways.
One of the main forms of benefit and coverage that you will get from your home insurance policy is liability coverage. When you own a home and have visitors come to your property, you will be taking on some liability for each person that arrives. If they are injured while on your property, you could be found liable and be sued. A home insurance provider will be able to provide you with liability coverage that will protect you from any lawsuit that arises from an accident that occurs at your home.
More important than liability coverage is the property coverage that you will receive. Property insurance will provide you with coverage in the event your home is damaged by a storm or other calamity. It will also provide you with coverage for vandalism, theft, and a variety of other issues that could end up costing you money. This will provide you with coverage for the home and your personal assets.
Homeowners in Calvert County that are in need of home insurance should contact Monterey Insurance Group, Inc. This insurance company is well known for providing great service and insight to ensure you fully understand what type of coverage you need. Monterey Insurance Group, Inc. will also be able to help you start a policy and get you a quote. Reach out to our offices for more information.
You are showing a potential customer your collection of goods when they slip on a water puddle in your garage and take a hard fall. They swear that they are okay, but you call for emergency services just to be on the safe side. Weeks later, your potential client sends you their medical bills along with a tab for wages lost as a result of their fall. It appears that the injury was worse than they imagined. “No worries,” you figure. “Homeowners’ insurance will pay for it.” No so fast! Your homeowners’ indemnity policy does not pay for incidents related to your small business in Huntington, MD. This is why you need the agents at Monterey Insurance Group, Inc. to help you choose a small business insurance plan.
Maryland is the ideal place for a startup
The residents of Calvert County understand the importance of small businesses, which is why they strive to support entrepreneurs. Maryland is the perfect spot to start a company, which is why many ambitious business owners launch their visions for a company out of their homes instead of trying to find retail space. The problem with such a leap is that many entrepreneurs enter into the sector as company owners without realizing how much their homeowners’ insurance policy does not cover.
Homeowners’ insurance is not suitable for your business
Too many homeowners and new entrepreneurs assume that the indemnity policy used for their residential property is also valid for their small business. It is not until a company-related incident occurs on the premises that they realize how much assurance they lack. Unfortunately, finding out that you are underinsured while staring at a bill that the indemnity company will not pay for is not the best option.
It is crucial, then, for small business owners working from home to understand that their homeowners’ insurance was not designed to pay for damages related to their company. You need a different policy to pay for costs if a client is injured during a consultation.
Small business insurance is necessary
The best home-based insurance options include general liability insurance that pays for personal injury suits as well as medical bills related to incidents. You may also obtain a policy in Calvert County that covers defective products and faulty services.
The central purpose of starting your small business from home is to cut costs. You do not want to end up paying more than you bargained for because you failed to obtain proper insurance to cover your startup. Let the agents at Monterey Insurance Group, Inc. help you find the small business indemnity policy that is right for your situation in Calvert County.
Driving a vehicle is a very common practice that always comes with a little bit of risk. While most accidents are minor, there are situations in which you may sustain personal injuries. For those that are in the Huntington, MD area and are injured in a car accident, here are several tips and steps that can help you in the long run.
Get Medical Attention
If you are injured in a car accident, the most important thing that you need to do is get proper medical attention. Even minor injuries could be symptoms of more serious underlying problems. Because of this, it would be wise to get checked out after an auto accident.
If you have the opportunity to do so, you should also have a police report filed as soon as you can. If you do not immediately go to the hospital, you should contact the local police to fill out a full report and ensure that all drivers are properly insured.
Contact Your Insurance Company
Finally, after you have been injured in an auto accident, you should contact your auto insurance provider. If you are not determined to be at fault in an accident, your auto insurance provider will be able to work with the other party’s insurance company to ensure that your medical bills and auto damage are fully covered by the insurance policy.
Since your car is such a valuable asset, having a quality auto insurance policy in place is very beneficial. For those that are in the Huntington, MD area, working with the Monterey Insurance Group, Inc. would be beneficial. Monterey Insurance Group, Inc. can help to provide you with a great policy and can also provide you with support if you are ever in an auto accident. Reach out to us for more information and try our online rating tool for a quote on auto insurance.
There are some funny assumptions people make about different regions. Just to clarify a few of them; yes, it can rain in the desert, yes, there are warm days in parts of Alaska, and no, coastal homes are not fireproof just because they’re right by the ocean.
In fact, in places like Maryland and California, it’s not uncommon for wood to dry out and become extra fire-prone due to the salt in the air and the sand’s tendency to chip away at the paint. This is why you see people putting so much effort into treating their homes and porches in Huntingtown, MD. This is also why people in coastal cities tend to wash and wax their cars once a week, because if you let that salty air build up on your auto, then you’re looking at serious rusting.
So yes, when a Huntingtown, MD residents call Monterey Insurance Group, Inc., they do so to make sure they get fire coverage as part of their home insurance plan. Even a houseboat can burn down if you’re not careful. Fire is just as likely in Maryland as anywhere else. The beach towns in America are generally not like a tropical rainforest where everything is so moist that it’s hard to start a fire without gasoline. Fire safety is just as crucial in Huntingtown, MD as it is in Arizona.
If you’re looking to buy a home insurance policy, or maybe upgrade what you have right now, it may be worth giving Monterey Insurance Group, Inc. a call. So that if a fire does take place at your home on the beach, you’ll be prepared to cover the damages. Try our online rating tool and get a quote on home insurance.
Every business is a little bit different from the next. Due to this, you should never just accept a cookie-cutter form of commercial insurance. With the help of the professionals at Monterey Insurance Group, Inc., it is possible to receive help uncovering the different insurance options and how each can help you with your business in and around Huntington, MD.
Professional Liability Insurance
This policy is one you need to consider, regardless of the kind of industry you’re in. There are times where your products and services may not deliver entirely as promised. When this happens, a customer may attempt to sue you for negligence. Professional liability insurance helps protect you in this case.
If an employee is hurt on the job, it can become expensive taking care of not only their salary but the cost of the injuries and other medical bills. With the right insurance coverage, your employees (and your business) will be protected.
You don’t need to own the property to need this insurance. Property insurance also covers the items inside of the building. So, if you have stock or machinery you’ve invested in, it’s a good idea to consider a property insurance add-on.
If you drive a vehicle for work or have a job specific vehicle, you need vehicle insurance. This helps protect you in the event of an accident, and if the company is sued because of it.
There are many different forms of insurance, which is exactly why you need the help of the professionals at Monterey Insurance Group, Inc. to find out which kind of coverage may work better for your business, regardless of if it is located in Huntington, MD or somewhere else in the neighboring communities. Reach out to our agents in Calvert County for more information.