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Renee Oliver Insurance Agency, Inc.

13975 Connecticut Avenue, Suite 312
Silver Spring, MD 20906

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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.

What Situations Will Umbrella Insurance Protect From?

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When you are in an accident or someone else suffers damage you may be responsible for, having enough insurance is critical to helping you to avoid financial complications and losses. One form of insurance many people could benefit from is umbrella insurance. As the name implies, it provides coverage over and beyond what other plans offer, providing you with more liability coverage when you need it the most.

At Renee Oliver Insurance Agency Inc., we help clients in and around Silver Spring, MD, get the necessary insurance coverage. 

When Can Umbrella Insurance Help You?

Umbrella insurance aims to provide more insurance protection and coverage when your other policies seem to run out before your losses. It can help provide you with coverage for claims related to accidents of various types. That includes:

  • Injuries
  • Property damage
  • Some lawsuits
  • Personal liability claims against you

Consider what would happen if you were in a serious car accident. Your auto insurance offers bodily injury liability coverage, but it may not be enough to cover all losses sustained by victims in the case. Umbrella insurance can help by providing more protection. 

Because the cost of medical bills and long-term care needs is so high today, having umbrella insurance is often a smart financial decision. It may help you to minimize risks further, helping to protect your assets from other risks.

Let Our Team Offer Guidance and Help for You

Could you benefit from umbrella insurance? To find out, set up a consultation with your insurance agent at Renee Oliver Insurance Agency Inc. Let our team take a closer look at the insurance products you have now and offer ways to improve them so they better align with your needs. We work with clients through Silver Spring, MD.

Why Single Moms Need Life Insurance

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At Renee Oliver Insurance Agency Inc. we know there are many misperceptions regarding life insurance. Some in the Silver Spring, MD area, for example, believe life insurance is not needed for single mothers. That’s not necessarily the case.

Here’s why:

Childcare

Life insurance can help provide for the costs of quality childcare should something happen to the mother. Not all single mothers have family members nearby or available who can take on the financial responsibility of child care. Life insurance can be a big asset,  

Debts

The sudden death of a single mom can leave debts behind. These can include car payments, credit cards, and other personal debts. Life insurance can help take care of these debts without burdening loved ones who are left behind. 

Final Expenses

Final expenses can mount into the thousands. While cremation can be less expensive, the costs can still be significant. Even a modest amount of life insurance can be valuable to cover burial and cremation costs. 

College Costs

For a single mother who places a high value on education, life insurance can help ensure attendance for their child or children who may be left behind. This can be a wonderful gift should a single mother pass away prematurely. College costs can run into the tens of thousands of dollars. 

Explore Your Options

We invite single mothers to explore options for life insurance with a call to Renee Oliver Insurance Services, serving the Silver Spring, MD area. We can answer your questions and prepare a quote. You may be surprised with how affordable a term life insurance policy can be. You will also appreciate the peace of mind it can bring. Contact us to discuss your situation and goals and for your no-obligation quote.

Is it Time to Upgrade Your Auto Insurance?

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Making sure you always have the right kind of car insurance is extremely important. If you’re not completely covered, you could end up paying a lot of money out of pocket, even for a minor accident. There are times when it may be necessary to upgrade your auto insurance to make sure you’ve got the best coverage possible.

Reasons to Upgrade Your Auto Insurance

There are several reasons you might need to update your automobile insurance.

  • You’ve Changed Your Vehicle: When you purchase a new vehicle, your insurance needs are likely to change. A newer car is more costly to repair. You’ll need to upgrade your insurance to make sure you’re completely covered if an accident occurs.
  • You’ve Changed Your Marriage Status: If you’ve recently gotten married or divorced, this could affect the type of insurance you need. For example, if you’ve recently married, you may want to add your spouse to your policy.
  • You’ve Changed Your Address: If you have moved or are planning on moving, especially to another state, your current insurance may not cover your new location.
  • You’ve Decided to Increase Coverage: You might decide it’s time to upgrade by adding Personal Injury Protection(PIP) or more Uninsured Motorist Coverage.

Find Auto Insurance in Silver Spring, MD

Renee Oliver Insurance Agency Inc. in Silver Spring, MD offers a variety of insurance, including car, home, life, and business insurance. You can find a variety of insurance rates and packages to meet your individual needs. Contact us at Renee Oliver Insurance Agency Inc. for more information.