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Renee Oliver Insurance Agency, Inc.

13975 Connecticut Avenue, Suite 312
Silver Spring, MD 20906

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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.

Brewery and Craft Beer Insurance: Coverage for Artisanal Breweries

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The craft beer revolution has seen a surge in the popularity of artisanal breweries, each with unique flavors and brewing techniques. Brewery and craft beer insurance addresses the risks associated with the brewing industry while supporting the growth and sustainability of these independent ventures in and around Silver Spring, MD.

Understanding the Unique Risks of Brewing

Artisanal breweries face distinctive risks compared to larger mass-production facilities. These risks include equipment breakdowns, raw material spoilage, and product recalls. 

Property and Equipment Coverage

Protecting the physical assets of a brewery is a critical aspect of brewery insurance. Coverage extends to brewing equipment, fermentation tanks, and other machinery essential to the brewing process. This ensures that the brewery can recover from equipment breakdowns or damage.

Product Liability and Recall Coverage

Craft beer is celebrated for its diverse flavors, but this uniqueness also requires product liability coverage. In the event of consumer illness or injury related to the brewery’s products, liability coverage helps manage legal expenses and potential settlements. Additionally, coverage for product recalls is vital, offering financial support in case a recall becomes necessary.

Business Interruption Insurance

Breweries depend on a continuous production cycle, and any interruption can result in significant financial losses. Business interruption insurance for breweries covers lost income and ongoing expenses when operations are halted due to covered events.

Customized Coverage for Taprooms and Events

Many artisanal breweries operate taprooms or host events to engage with their communities. Brewery insurance can be customized to cover the unique risks associated with these activities, including special event coverage for festivals or beer tastings.

Renee Oliver Insurance Agency Inc. Can Help You

At Renee Oliver Insurance Agency Inc., we can help answer questions concerning commercial insurance. We serve the Silver Spring, MD area. Contact us today.  

How Often Should You Verify Coverage of Your Home Insurance Policy?

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When was the last time you checked on the coverage that you have as part of your home insurance policy? Serving the Silver Spring, MD area, our team at Renee Oliver Insurance Agency Inc. wants to assist you in understanding your home insurance and how often you should check coverage.  

Understand the Policy Renewals

The first thing you need to keep in mind when it comes to verification of coverage of your home insurance policy is the policy renewal date. You need to know when your policy is going to come up for renewal as that is when you will be able to take action before the renewal is done to ensure coverage is appropriate.

Coverages to Check

You want to check on things such as the coverage that you have for your home, contents, etc. If you just got a new roof, is that reflected in the policy? What about things like an HVAC system? Major home upgrades will impact the coverage needs you have, the premium you pay, etc. The more you are able to stay on top of your home insurance coverage, the more accurate the policy coverage will be and the premium you pay.

Schedule A Consultation Today

Serving the Silver Spring, MD area, our team at Renee Oliver Insurance Agency Inc. can assist you in doing a periodic review of your home insurance policy. We can walk you through the different types of coverage you have, what it all means, limits, deductibles, etc. When you do the review of your policy, you will gain a better understanding of your coverage so you can be comfortable and confident in the home insurance policy you carry.

Types of Motorcycles and the Importance of Insurance

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Maryland requires you to have proof of insurance when you drive and at least minimum liability insurance for registration periods. Renee Oliver Insurance Agency Inc. in Silver Spring, MD offers liability, collision, and comprehensive insurance coverage for motorcycles. We can help you choose the best type of insurance for your needs and the type of motorcycle you own. 

Types of Motorcycles 

The standard motorcycle has a design suited to many purposes. The engine is considered an air pump called a varied displacement engine, and it has one of the simplest designs. It has a tank bag, low to medium seat height, no windshield, and minimal luggage options. A cruiser motorcycle is designed for cruising. It has a lower seat height than other motorcycles. This motorcycle travels many miles and comes with many accessories. 

A sports bike is a lightweight vehicle built for speed and flexibility. It is easier to drive, and the seat is higher than other motorcycles. The touring motorcycle is the largest made. It has a large amount of storage and a large windshield for wind and rain. It is designed to ride on highways at higher speeds. A sports touring motorcycle has a high seat and extra storage for carrying gear. It is comfortable and designed to cover many miles. A dual sport motorcycle is built for off-road activities as well as regular driving. They have off-road suspension, a higher seat, special tires, and a sporty look. 

A scooter is a lightweight smaller vehicle and not considered a motorcycle by some, but it still requires insurance in Maryland. It has a small displacement engine, limited storage, and is lightweight. The moped is another small vehicle with a small engine, limited power, and storage. It requires insurance in Maryland to drive it. 

Contact Us About Motorcycle Insurance 

At Renee Oliver Insurance Agency Inc in Silver Spring, MD we have motorcycle liability insurance that protects you when you have an accident. It will cover the injury of other people and damage to property. Collusion insurance covers damage to your motorcycle and other property. Our comprehensive insurance will fix or replace your bike if it is damaged by wind, storms, fire, or stolen. Call us or stop by to find out what type is best for you. 

What New Condo Owners Need to Know about Insurance

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Renee Oliver Insurance Agency Inc. is the team to call for all of your insurance needs in the Silver Spring, MD area. We’re proud to serve our community and are here to answer any questions that you might have about condo insurance. Give us a call today to schedule your appointment. 

Understanding Condo Insurance

The most important thing to understand about condo insurance is that a policy is required for each privately owned unit. There’s no protection for unit owners from the Condominium Association’s policy. If you’re purchasing your condo with a mortgage, your lender will likely have some required coverage level standards in place. If this is the case, you’ll want to make sure that their minimum requirements are adequate for your needs. You might feel more comfortable with additional protection.

Your insurance will protect you from damages and repairs caused by a covered event. Your local agent can review your needs with you to help you make an informed decision when choosing your policy. With all of the options available, it’s easy to feel overwhelmed. As long as you have coverage that’s suitable for your needs, you’ll have the peace of mind that comes with knowing your new condo is protected. There’s no benefit to going without condo insurance, so now’s an ideal time to find out more and select a policy and coverage level that’s right for you. Review the bylaws for your condo building before selecting your condo insurance policy.

Give us a call or stop by today!

If you’re planning to buy a condo in the Silver Spring, MD area, you can count on Renee Oliver Insurance Agency Inc. We’re here to help in any way and look forward to working with you. Give us a call today!

Will Umbrella Insurance Pay Out a Claim Against Me?

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Here at Renee Oliver Insurance Agency, Inc., we know we shouldn’t play favorites, and yet, umbrella insurance is certainly one of our favorite types of insurance policies. Umbrella insurance is a unique type of insurance coverage in that you can apply it to just about any asset in your life. It’s flexible and adaptable, and yet, a lot of Silver Spring, MD and other customers of ours are often new to how it works.

We get many questions about umbrella insurance policies, including whether they’ll pay out in the event someone puts out a claim against them. If you’re wondering the same, continue reading:

Question: Will Umbrella Insurance Pay Out a Claim Against Me?

The answer to this is almost certainly yes! 

Umbrella insurance policies are also called gap policies as they work to fill in the gaps among your existing policies. This type of coverage is most often bought in tandem with a larger policy, like a home, auto, or renter insurance policy, and is designed to provide coverage beyond the limits of such policies while likewise offering coverage for a myriad of things.

For example, you might purchase a personal umbrella policy that boasts $1 million in additional liability coverage. Now, let’s say you have a holiday party at your house and someone slips and falls down your stairs, incurring an expensive injury requiring emergency room care. That person then decides to sue you, and you find yourself in the judgment of $400,000 but hold a liability policy with a limit of $300,000. Your homeowner’s insurance will pay out up to its limits, including legal defense costs, and then your umbrella insurance will pay out the rest. 

Learn More With Renee Oliver Insurance Agency, Inc.

Contact our friendly team at Renee Oliver Insurance Agency, Inc. to learn more about the advantages of umbrella policies and to get one for your Silver Spring, MD household. 

A Guide to Understanding the Different Types of Permanent Life Insurance

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Permanent life insurance offers coverage for your entire lifetime in Silver Spring, MD. Renee Oliver Insurance Agency Inc. explores the different types of permanent life insurance, including their features, benefits, and considerations.

Different Types of Permanent Life Insurance

1. Whole Life Insurance

Whole life insurance is a permanent life insurance policy that provides lifetime coverage and a guaranteed death benefit. This policy also has a savings component known as cash value, which accumulates over time and can be accessed during the policyholder’s lifetime.

2. Universal Life Insurance

Universal life insurance is another type of permanent life insurance that offers both a death benefit and a savings component. The policyholder can adjust their premiums and death benefit amounts, making it a more customizable option. A universal life insurance policy’s cash value earns interest tied to a specific index or interest rate.

3. Variable Life Insurance

Variable life insurance is a permanent life insurance policy offering investment options in the policy’s cash value. The investment options for variable life insurance policies may include mutual funds, stocks, bonds, and other securities. The policyholder has more control over where their cash value is invested and may earn more significant returns.

4. Indexed Universal Life Insurance

Indexed universal life insurance allows the policyholder to allocate a portion of their premium payments to a cash value account tied to the performance of an index, such as the S&P 500. The index-linked cash value account has the potential to earn greater returns than traditional savings components without the risk of investing directly in the stock market.

We Are Here To Help

If you are in or around the Silver Spring, MD area, contact Renee Oliver Insurance Agency Inc. for help selecting a permanent life insurance policy that suits your financial goals and objectives.

Common myths about auto insurance

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Most Silver Spring, MD area vehicle owners carry an auto insurance policy. However, there are many myths out there about auto insurance that lead to drivers not being adequately covered. Renee Oliver Insurance Agency Inc experts have compiled the top myths about auto insurance. 

Auto Insurance Myths

1) I have insurance coverage for all vehicle uses under my auto policy. 

Being insured for all uses of your vehicle is a common myth about auto insurance. Policies may exclude specific uses, such as for business purposes. If you use your car for your business or work, check with your insurance agent to ensure you are adequately insured. 

2) Personal items in my car are covered under my auto policy. 

Most insurance policies do not automatically cover personal items you leave in your vehicle. For example, while a policy may cover the stereo equipment installed, if you leave your laptop or cell phone in your car and they are stolen, you will not be able to claim under your policy. 

3) I only need to carry the minimum insurance required. 

While the state does require drivers to carry a minimum amount of insurance; it is not wise to have only those limits. The minimum levels of insurance are relatively low and most likely would not provide adequate coverage in the event of a severe accident. 

4) I have rental car coverage under my insurance policy. 

Believing that rental car coverage is automatically covered under your policy can be a costly mistake. First, you must ask your insurance agent if you have coverage before renting a car. If you do not have the coverage, it can most likely be added to your policy. 

Reach Out To Us

If you want to learn more about auto insurance, contact a trusted advisor at Renee Oliver Insurance Agency Inc. today. We proudly serve the greater Silver Spring, MD area.