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Renee Oliver Insurance Agency, Inc.

13975 Connecticut Avenue, Suite 312
Silver Spring, MD 20906

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Does Homeowner’s Insurance Cover Condos?

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At Renee Oliver Insurance Agency Inc. in Silver Spring, MD, we understand that the term "homeowner’s insurance" can evoke specific images of what qualifies as a home. You might be wondering if homeowner’s insurance covers a tiny house, a townhouse, a mansion, or even a condominium. For condominium owners, figuring out whether you have the right coverage can be challenging. After all, condo insurance exists, and it can be tricky to determine the appropriate insurance policy for a structure that seems like it could have multiple coverage options. We’ll generally delve into what type of insurance is right for a condo here, but for more specific questions, our team of insurance professionals will be happy to discuss your options over the phone or in-person at our office.

Does Homeowner’s Insurance Cover Condos?

Depending on your homeowner’s insurance policy, it may cover a condominium. If you do not own your condo, then homeowner’s insurance isn’t the right fit, and you may want to consider renter’s insurance or specialized condo insurance. If you do own your condo, homeowner’s insurance might cover certain aspects of the condo that the homeowner’s association, co-op, or other parties associated with your property won’t cover. However, this is a general guideline for a complex issue.

To ensure your condo is properly covered, consult with an insurance agent at our office. We can answer your questions and help you choose the proper coverage.

Contact Renee Oliver Insurance Agency

For more insurance information, call us at Renee Oliver Insurance Agency Inc. in Silver Spring, MD today!

Do You Have the Right Motorcycle Insurance Add-Ons?

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If you bought motorcycle insurance, you might think you’re ready to hit the road worry-free. However, numerous add-ons can further protect your bike and give you added confidence on your next cruise down the highway. The Renee Oliver Insurance Agency Inc. team in Silver Spring, MD, would be delighted to review your policy and explain the available add-ons you can use.

Original Equipment Manufacturer (OEM) Coverage

Just like car insurance, motorcycle insurance has a main policy and numerous riders and endorsements that you can include. Talk to your agent about which, if any, of these add-ons would suit your needs. OEM coverage comes in handy if your motorcycle goes into the shop. If you want the mechanic to use OEM replacement parts, this insurance will help pay for them.

Do you need this add-on? That all depends on your preferences. For vintage bikes, OEM insurance can save you money on scarce parts that will help you maintain the aesthetics of your motorcycle, for example.

Transport Trailer Coverage

Transport trailer coverage provides peace of mind for bikers who haul their rides on cross-country trips. A new trailer can set you back thousands of dollars. Transport trailer coverage usually handles costs associated with theft or damage, for example. Learn more about the pros and cons of this coverage and find out whether it includes transportation, food, and lodging in case of a covered peril.

Accessory Coverage

Do you love accessories? You’re not alone. Many motorcyclists consider accessorizing part of their culture. Visit our offices for a consultation to determine whether your custom parts are included in your coverage.

Contact the Renee Oliver Insurance Agency Inc. team in Silver Spring, MD for a free policy review or to modify your coverage with add-ons that suit your lifestyle.

What Condo Owners in Silver Spring, MD, Need to Know About Liability Coverage

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As a condo owner near Silver Spring, MD, understanding liability coverage is vital to protecting yourself and the investment you’ve made. Because liability insurance plays a pivotal role in safeguarding your investments, homes, and property, it’s essential to know what type of coverage you’ll need to protect what you own. At Renee Oliver Insurance Agency Inc., we specialize in assisting clients in Silver Spring, MD, who are seeking liability insurance coverage for any number of reasons.

Why Liability Insurance Matters for Condo Owners Near Silver Spring, MD

Liability insurance protects against claims that may arise due to property damage, personal injury, or bodily injury (on the premises of your condo). Two common types of liability insurance apply to condo owners: personal liability coverage and medical payment coverage.

  • Personal Liability Coverage: Personal liability coverage protects you if someone is hurt or injured while in your condo unit, such as in a trip-and-fall incident.
  • Medical Payments Coverage: Medical payments coverage helps cover any medical expenses incurred by a guest who is injured on your property.

Limits of Coverage

Always review the limits of coverage when selecting policies. For example, in Silver Spring, MD, limits typically range from $100,000 to $500,000 or more, depending on your chosen policy and assets. Working with an insurance agent can help you find a policy with an appropriate level of coverage for your property and condo needs in Silver Spring.

From obtaining liability insurance for your condo to protecting any other property you own, it’s important to do so with the right policy and plan in place. At Renee Oliver Insurance Agency Inc., we can help review comprehensive insurance policies for condo owners interested in implementing additional protection for their investments. Contact Renee Oliver Insurance Agency today to learn more about condo protection with liability insurance.

Work With Your Agent for the Right Umbrella Insurance Policy

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When you need an umbrella insurance policy in the Silver Spring, MD area, contact an agent at Renee Oliver Insurance Agency, Ince. Whether you already have a policy and want to review it, or you’re looking into getting coverage for the first time,e we can help you get the best policy and protection for your needs. There’s no reason to worry about the level of insurance coverage you have when an agent can help you feel more secure.

Umbrella coverage is designed to take over after you’ve used the limits of another type of policy during the claims process. Many people with significant assets choose this kind of policy for additional protection, but nearly anyone can benefit from having the increased security and peace of mind umbrella policies provide. Choosing the right one for your specific needs, though, is easier when you have an insurance agent who can help answer your questions.

These policies offer a few set coverage limits, and multiple insurers provide them, so you’ll want to get several quotes. We can show you quotes from several insurance companies and answer any questions you have about them. That makes it easier for you to select the right one for your needs and gives you the confidence that you understand what the policy will offer you and the level of protection you’ll receive.

Contact us at Renee Oliver Insurance Agency, Inc. today if you’re in the Silver Spring, MD area and looking for an umbrella insurance policy. We’re here to give you choices, confidence, support, and peace of mind, so you can get more done and feel secure when you choose your new policy.

Why might whole life insurance be a better option for me?

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Those who are living in the Silver Spring, MD area will have a lot of crucial personal insurance decisions to make over the years. The most important decision to make could come when selecting a life insurance plan. When you are going to purchase life insurance, whole life could be a good idea. There are different reasons why this might be a good option for you. 

Lifetime Coverage

A primary reason to consider getting a whole life plan is that it can offer you lifetime coverage. Term life continues to be a popular insurance option, but a disadvantage is that this will only cover you for a specific period. In some cases, you may prefer to have this coverage for longer. When you have a whole life plan, you will get coverage for as long as you want if you continue to make payments on the policy. 

Investment Benefits

Another reason to opt for a whole life insurance plan is to take advantage of the investment benefits. When you have a whole life plan, your premiums may be higher than with term life. However, some of the payments you make each month will go into an account that can grow with interest. Eventually, you will be able to liquidate this account. This makes it an excellent addition to a personal investment plan. 

Suppose you are shopping for insurance in the Silver Spring, MD area. In that case, you should call our team with the Renee Oliver Insurance Agency Inc. Our professionals at the Renee Oliver Insurance Agency Inc. know the value of life insurance. They will help you select a plan that is right for your situation. This can offer any support you need to build a quality plan. 

The Many Types of Auto Insurance for Drivers in Silver Spring

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Basic auto insurance is legally required for Silver Spring, MD, drivers. Knowing the different types of auto insurance available can help you throughout the decision-making process if you own a vehicle and want to readjust your insurance rates or if you’re purchasing your first car.

Liability Auto Insurance

By law, liability coverage is required for any drivers in or near Silver Spring, MD. A minimum of $30,000 per individual and up to $60,000 of coverage per accident is required, in addition to $15,000 of coverage for potential property damage. Liability insurance will protect you from being personally held financially or legally liable after being involved in an auto accident.

Comprehensive Policies

Comprehensive auto insurance policies can protect against additional damage to your vehicle from theft, natural disasters, and even traditional acts of vandalism.

Collision Insurance

Collision insurance is optimal for those who have newer vehicles to protect against significant damage during an auto accident. Collision insurance can cover the cost of any necessary repairs, replacement jobs, or cosmetic updates.

PIP (Personal Injury Protection)

The State of Maryland requires drivers to hold a PIP policy with a minimum of $2,500 in coverage to cover potential lost wages and medical costs associated with vehicle accidents.

Selecting an auto insurance policy and premium that’s ideal for your household and coverage needs is crucial for the best outcome and most protection possible. If you’re living around Silver Spring, MD, and you’re interested in comparing your options when it comes to auto insurance policies today, working with Renee Oliver Insurance Agency Inc. is one way to ensure you’re starting off on the right track. To learn more about the types of auto insurance policies available in Silver Spring, MD today, contact Renee Oliver Insurance Agency Inc. to speak with one of our highly qualified agents.

Three Types of Commercial Insurance Your Business Might Need

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There are many forms of commercial insurance that you may need to protect your business. The types you should have depend on the kind of business you have, whether you have employees, the physical presence of the business, etc. Call us at Renee Oliver Insurance Agency Inc. in Silver Spring, MD to get your commercial insurance policies. 

Worker’s Compensation Insurance

Known widely as worker’s comp, this type of insurance pays for the costs associated with an employee who gets injured or sick at work. A work-related illness or injury from an accident can be costly, and they can often entail lawsuits. The policy pays for these expenses with this type of insurance, so your business doesn’t have to shoulder them. Accidents can cause serious problems for an uninsured business. If you have employees, you need this type of commercial policy. 

Premises Liability Insurance

These policies are critical if your business has a physical presence in which someone could be hurt. Even if there’s nothing there that’s dangerous, anyone could be injured. That means employees, customers, and the public. Just in case you need this policy to protect your business against lawsuits. 

Commercial Auto Insurance

If your business is a vehicle’s registered owner, that vehicle must have a commercial auto insurance policy. If the business owner has a personal policy on a work vehicle, that insurance company won’t pay for any costs associated with an accident. This is especially true when the accident happens while the work vehicle is engaged in business activities. Always have a commercial policy on these vehicles for your protection. 

Get Commercial Insurance 

You can talk to us about your specific business and the types of policies it may need. Call us at Renee Oliver Insurance Agency Inc. in Silver Spring, MD. 

The Hidden Perils in Your Home Policy

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When considering home insurance, you might envision a straightforward safety net guarding against significant, obvious hazards. However, your standard home policy might not cover everything you expect. At Renee Oliver Insurance Agency Inc., we believe our clients must understand the less obvious risks that might not be protected under a typical policy.

Every home insurance policy has limitations and exclusions that could leave you unexpectedly vulnerable. For example, certain types of water damage or specific natural disasters might not be covered without additional riders or policies.

As your life changes, your insurance needs evolve. A standard policy might not automatically adjust to cover the increased value of your upgraded home or new possessions. It’s essential for homeowners in Silver Spring, MD, to review their policies carefully to understand these gaps.

Why is this important? You could face significant financial challenges when unexpected events occur without knowing the hidden perils. Our Renee Oliver Insurance Agency Inc. team is here to guide you through these complexities. We encourage all prospective and current policyholders to discuss their current home insurance coverage with us to ensure they fully understand what is and isn’t covered.

If you’re unsure about the specifics of your policy or if you think you might need additional coverage, don’t hesitate to reach out. We’re committed to helping you maintain the security of your home by making informed insurance choices.

We offer our expertise and support to everyone in Silver Spring, MD, including young adults embarking on their first home purchase and established homeowners alike. At Renee Oliver Insurance Agency Inc., your peace of mind is our priority. Contact us today to discuss how we can help protect your home from those hidden perils.

Who needs to get a motorcycle insurance plan in Maryland?

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Living in the Silver Spring, MD area can be a lot of fun. When you live here, you will want to know that you have an excellent way to get around the community, and investing in a motorcycle to use during the warmer months of the year can be a great option. Not only will a motorcycle be fun to ride, but it is also efficient to use. When you purchase a motorcycle, you also need to have insurance. There are different situations when someone will need a motorcycle plan here. 

Those with a Loan Outstanding

A situation when someone needs a motorcycle plan will come when they have an outstanding loan. If you are looking to purchase a motorcycle, you will quickly find the purchase price can be high. If you take out a loan, it can help facilitate the purchase. However, you also need to abide by all rules, which can include requiring you to get motorcycle insurance. 

Legal Obligations

There are also legal obligations when it comes to motorcycles. If you want to use a bike or any other vehicle on a public road in Maryland, you need to have liability insurance. A motorcycle plan will ensure you have this coverage to remain in compliance with the law. 

Having proper insurance in the Silver Spring, MD, area will always be a good idea. For motorcycle owners, this means motorcycle coverage. When you are ready to start looking for this coverage here, you can get all the help you need by calling our team with Renee Oliver Insurance Agency Inc. Our team with Renee Oliver Insurance Agency Inc. can give you insight that will help evaluate all of your options and build a new plan. 

Three Types of Coverage in a Condo Insurance Policy

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Being a condo owner necessitates having a condo insurance policy as a requirement from your condo board to ensure the day-to-day protection of your property. Condo policies offer multiple forms of coverage. If you need such a policy or want to switch from your current one, contact Renee Oliver Insurance Agency Inc. in Silver Spring, MD, today.

Condo Protection

A primary component of condo insurance policies is the protection it offers to your dwelling. This coverage is responsible for paying for any damages to your condo caused by uncertain accidents or disasters. Without condo insurance, all these expenses would be out of pocket, which can quickly become financially draining. Ensure a suitable insurance policy covers your condo.

Item Protection

Another crucial feature of condo insurance is the protection it offers to your belongings within the condo. If a harmful event damages your possessions, your condo insurance will bear the cost of replacing them. Reflecting on the aggregated value of items in even a single room emphasizes the importance of every belonging and the extensive costs involved in their replacement. This insurance coverage can prevent you from bearing these potentially overwhelming costs.

Liability Coverage

Condo policies also factor in your liability for accidents occurring within your property. In cases where someone sustains an injury within your condo, you might be responsible for their medical bills. As these costs can be exceedingly high regardless of the severity of the injury, this coverage is vital. It covers the medical bills and related costs in such injury cases.

Secure Your Condo Insurance

Adequate condo insurance is essential. To start a policy that offers adequate protection, contact Renee Oliver Insurance Agency Inc. in Silver Spring, MD.