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13975 Connecticut Avenue, Suite 312
Silver Spring, MD 20906

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Four common pieces of misinformation out there regarding commercial insurance

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Business owners need to be well-informed to make the right decisions about commercial insurance coverage. At Renee Oliver Insurance Agency Inc., we insure companies in Silver Spring, MD.

Unfortunately, there is a lot of misinformation out there about commercial insurance.

The following are four common pieces of misinformation you may come across regarding commercial insurance:

Business owners who work out of their homes are covered by home insurance.

You can’t expect home insurance to cover business operations out of your home. You need to purchase commercial insurance for coverage if you have a home-based business. 

Small companies don’t need commercial insurance.

Companies of all sizes need commercial insurance coverage. It’s a mistake to think that you don’t need to insure your company because it’s not large enough or doesn’t have enough assets to require coverage. 

Most businesses are not at risk of lawsuits. 

Any business can be sued. You don’t have to run a business in an industry where lawsuits are particularly common to need commercial liability coverage. 

You don’t need commercial insurance if you have no employees.

Some business owners think that commercial insurance is only needed for businesses with employees. While workers’ compensation coverage is an important type of commercial insurance, it is not the only type of coverage that businesses need. 

If you don’t have any employees, you don’t need workers’ compensation coverage. However, you still need other types of coverage such as commercial liability insurance. 

Reach Out To Us

Making the right decisions about insurance coverage can ensure the longevity of your company. Renee Oliver Insurance Agency Inc. can insure your company in Silver Spring, MD. Get a quote on a policy for your company by calling us today!

Four things you might not know about home insurance

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Being well-informed when you buy home insurance helps you to meet your coverage needs properly. Homeowners in Silver Spring, MD can purchase home insurance from Renee Oliver Insurance Agency Inc.

The following are four things you might not know about home insurance:

Home insurance policies can cover policyholders for "loss of use" expenses. 

If you need to file a claim on your home insurance policy, your home might be badly damaged. In this case, you might not be able to safely live in your home until it is repaired.

Fortunately, home insurance can offer "loss of use" coverage so that the costs of paying for temporary lodgings while your vehicle is repaired will be covered. 

It’s a good idea to take an inventory of the value of your belongings in your home when you buy home insurance.

You need to make sure that your home insurance policy insures you for the full value of your belongings in your home. That’s why you should take an inventory of your belongings and calculate the value of your insured items. You can then specify how much coverage you want to purchase for belongings in your home.

You can choose from a few deductible options when you buy home insurance. 

Homeowners typically have the freedom to choose from a few different deductible amounts depending on how much they want to spend on premiums and on any claims that they must file down the road. 

Flood and earthquake insurance policies are typically bought separately. 

If you want to be covered for floods and earthquakes, you’ll need to purchase flood and earthquake insurance policies. 

We Are Here To Help!

Learn more about home insurance in Silver Spring, MD by getting in touch with us at Renee Oliver Insurance Agency Inc. We are here to provide you with coverage that protects your property and your finances. We’ll be happy to help you by providing you with a policy quote when you get in touch with us. 

Three rules to follow when you buy a motorcycle insurance policy

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A good motorcycle insurance policy is a must for bikers in Silver Spring, MD. Are you looking for a good motorcycle insurance provider? Consider the policy offerings of Renee Oliver Insurance Agency Inc. If you buy motorcycle insurance, there are some rules that you should follow.

The following are three rules to follow when you buy a motorcycle insurance policy:

Always get full coverage for your bike

You should get collision and comprehensive coverage in addition to liability coverage. While collision and comprehensive coverage may not be required according to Maryland law, they are important because they ensure that you will be able to file a claim to get repairs to your bike covered by your insurance in the event of an accident. 

Get more than the state minimum liability coverage amounts

Getting more than just the minimum coverage amounts required by the state of Maryland will help to protect your assets. You could face a lot of financial trouble if you experience a costly lawsuit as a motorcycle rider and your liability coverage maximums are low. 

Shop around before buying a motorcycle insurance policy

You need to take some time to research motorcycle insurance quotes before you select a policy. You’ll probably find that motorcycle insurance coverage offerings differ among various providers. We offer a quoting tool on our website for you to compare quotes for free. 

When you get a few quotes, you can make sure that you get a policy that is competitively priced and also offers you the coverage that you need. 

Reach Out To Us

Call us at Renee Oliver Insurance Agency Inc. to get a quote on a policy. We’ll help you get excellent coverage. If you’re a motorcycle owner in and around Silver Spring, MD, we’ll be happy to assist you with your insurance needs. 

What do I need to consider when choosing condo insurance?

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Condo owners need insurance just like any other homeowner, to provide protection for their valuables. At Renee Oliver Insurance Agency Inc. we know that it can be confusing what you may or may not need in that regard.  We’re happy to help you understand what you need to consider when choosing condo insurance and if you want to talk more and are in the Silver Spring, MD area, give us a call. 

Choosing Condo Insurance

Personal Items Valuation

If your possessions are ruined or damaged or in a robbery, your condo insurance may cover them.  You will need to take a good assessment of what property you have, which is done through a home inventory list. Make sure you don’t undervalue the items and list everything from furniture to electronics, the appliances in the kitchen, and everything of value. Jewelry, artwork, etc. especially need to be listed.

To make it a little easier, some great apps can help you do this.

Get Good Asset Coverage

Do you have a pet? Are there things that someone could hurt themselves on? If you are ever in a situation where someone has injured themselves on the property or through your pet, you are at risk for damages. Condo insurance may give you liability coverage. Make sure that you have your assets and your net worth added in so that you are well protected from this type of insurance claim against you.

Living Expenses

What would happen if your condo was damaged? Where would you live? Consider this when choosing your condo insurance, so you aren’t paying out of pocket for any living expenses during a time of repair. We suggest taking in how much your daily expenses are, adding in how much it would be to have shelter elsewhere (plus any additional expenses such as higher-priced meals, etc.), and using that as a baseline.

Give Us A Call

Renee Oliver Insurance Agency Inc. is here for all your insurance needs. If you’re close to the Silver Spring, MD community. we’d love to hear from you.

Who needs umbrella insurance?

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Umbrella insurance is a type of coverage that provides extra protection for your finances in the event of a lawsuit or major accident. While it’s not right for everyone, many people find that an umbrella policy is an effective way to protect themselves from potential financial losses and liability risks. Renee Oliver Insurance Agency Inc, serving the greater Silver Spring, MD community, is here to assist with all your queries. 

If you’re considering purchasing an umbrella policy, here are some things to consider as you weigh your options:

One of the main benefits of umbrella insurance is its broad coverage. Unlike standard car or homeowners insurance policies, which typically only cover certain types of accidents and claims, an umbrella policy can provide protection against most types of claims. This makes it ideal for those who want to be covered for a wide range of possible events, such as accidental injury to someone else, damage to their own property, or legal fees.

Another advantage of umbrella insurance is that it can cover multiple people under one policy. For example, a family could purchase an umbrella policy to cover the costs associated with any accidents or injuries occurring on their property, not just for the homeowner but for anyone visiting or living there as well. This makes it a good choice for those who want extra protection against potential legal issues related to other household members or guests.

Of course, umbrella insurance isn’t right for everyone. For example, someone who has substantial assets to protect might not find it necessary if they have a large home or property, as an umbrella policy may not be cost-effective. Similarly, those who can afford several million dollars in coverage may feel that their standard auto or homeowners policies are sufficient.

Contact Us Today

For more information on umbrella insurance, call Renee Oliver Insurance Agency Inc today. We proudly serve the Silver Spring, MD area.

Life Insurance – The Key to Your Family’s Security

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Do you know that your family will be financially secure when you pass? Would you like to be sure of their security? The Renee Oliver Insurance Agency Inc., serving in and around the Silver Spring, MD area, can provide you with the coverage you need to be sure.

Life Insurance – The Key to Your Family’s Security

How does life insurance work? It is a contract between the policyholder and the insurance company. The insurer promises to pay the designated beneficiaries a sum of money upon the death of the insured. Based on the contract, events such as a terminal or critical illness can also trigger payment. The insured will pay a premium, as one lump sum or on a regular basis. The benefits provided will usually include funeral expenses.

Other reasons to purchase life insurance are for childcare for any younger children in the event a spouse needs to return full-time to the workforce or increase the number of hours they work. It could cover maintenance services for your home, such as landscaping, or house cleaning services.

This benefit could be used for college tuition for older children, or to satisfy a mortgage, so they can live mortgage-free.

In the event they have a substantial savings account, it is unlikely that it would be enough to cover the expenses of a family for several years or decades if a policyholder should pass unexpectedly.

Contact Us Today

Let the insurance professionals at Renee Oliver Insurance Agency Inc. in Silver Spring, MD explain the different types of life insurance you can consider – term life, whole life, or universal life. Don’t leave your family unprotected. The passing of a loved one is difficult. You don’t want them to be faced with financial hardship as well.

Contact us today for a no-obligation quote or any answers to questions you may have. You will be glad you did.

What coverage comes with an auto insurance plan?

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To enjoy all that the Silver Spring, MD area has to offer, you will need to own your own vehicle. If you are looking to purchase a car here, you also need to select the right insurance policy. There are various forms of support that will come with an auto insurance policy in Maryland. 

Coverage to Protect Your Vehicle

A form of coverage that you will receive with an auto insurance plan in this area of Maryland is support to protect your car. If you are going to drive a car here there will be a risk that it is stolen or damaged in an accident. To ensure that you are able to repair or replace it, you should get an auto insurance plan that has comprehensive coverage. 

Liability Risk Mitigation

You also will want to get a full auto insurance plan here to ensure you are able to reduce being named liable for an accident. No matter how careful you are, there is an ongoing chance that you could be at fault in an accident when driving. If this occurs, you will need to cover any damages that the other party incurred. If you continue to carry an auto insurance plan with liability insurance, you will have this support. Additionally, this type of coverage is required to drive a car legally in Maryland. 

Investing in Auto Insurance

If you want to invest in a car in the Silver Spring, MD area, it will be a good idea that you get an auto insurance plan as well. There are many decisions to make when looking for a plan in this part of Maryland and you can call Renee Oliver Insurance Agency Inc. to learn more. The professionals with Renee Oliver Insurance Agency Inc. know the value of this coverage and will help you build your next plan. 

How Commercial Insurance Can Help Your Business When It’s Sued

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No business is safe from the possibility of being sued. Luckily, there are insurance options for business owners who want protection against lawsuits. Renee Oliver Insurance Agency Inc. in Silver Spring, MD is here to help you understand how to secure your business when needed.

Which type of insurance helps protect a business against lawsuit judgments?

Commercial insurance is a type of insurance that helps businesses cover the costs of legal action taken against them. The policy will typically cover any claim made against the insured company. Commercial insurance can help pay for damages, court costs, and legal fees if you are sued and found liable.

Commercial insurance is essential because even if a business is found not liable, it can still be subject to expensive legal fees and court costs. These expenses can quickly add up, especially if the company has many lawsuits involving potential damages over $50,000. Because of this, many businesses buy commercial liability insurance to protect themselves from the high costs of litigation.

There are different kinds of commercial insurance policies available. While some policies provide coverage for bodily injury and others for property damage, others offer both.

What are the other benefits of commercial insurance?

There are many other benefits of commercial insurance. One is that it can assist with a disaster. This can help a business to recover quickly and get back on its feet. Your policy could also help provide temporary help when your business is interrupted due to a disaster, vandalism, or other reasons.

Renee Oliver Insurance Agency Inc. in Silver Spring, MD offers commercial insurance to protect businesses against lawsuits. Coverage includes protection for business owners, employees, and property. Contact our office to learn more!

What’s Covered by My Homeowner’s Policy?

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Your home is likely your most valuable asset, so it’s important to ensure it’s properly protected. A homeowner’s policy is one of the best ways to do this, as it can cover a wide range of expenses related to your home. But what exactly does a homeowner’s policy cover? Consult with Renee Oliver Insurance Agency Inc. in Silver Spring, MD for expert insurance advice on your homeowner’s policy. 

Here’s a look at some of the most common types of coverage:

1. The Structure

One of the most important things your homeowner’s policy will cover is the physical structure of your home. This includes the walls, floors, ceilings, and any other structural components. If your home is damaged or destroyed by a covered event, such as a fire or severe weather, your insurance company will help you pay to repair or rebuild it.

2. Your Personal Property

Another important thing that your homeowner’s policy will cover is your personal property. This includes things like furniture, clothing, electronics, and other belongings. If your personal property is damaged or destroyed by a covered event, your insurance company will help you pay to replace it. However, there are usually limits on how much coverage is available for personal property, so it’s important to check your policy to see what those limits are.

3. Living Expenses

Some homeowners’ policies also cover living expenses in the event that your home is uninhabitable due to a covered event. This means that if you have to stay in a hotel or rent an apartment while your home is being repaired or rebuilt, your insurance company will help you pay for those expenses.

4. Liability Coverage

Liability coverage is another important part of a homeowner’s policy. This coverage will help protect you if someone is injured on your property or if you’re sued for damages. If you’re found liable, your insurance company will help you pay for the damages you owe.

Give Us A Call

These are just a few of the things that are typically covered by a homeowner’s policy. To ensure you have the coverage you need, contact Renee Oliver Insurance Agency Inc. in Silver Spring, MD. We’ll be happy to help you find the right policy for your needs.

What Do I Need To Get Motorcycle Insurance?

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If you’re shopping for motorcycle insurance, you should consider looking at the exclusions and limitations of your current insurance. You can find out more about your current insurance at your insurance provider or online. 

If you have questions about your insurance, get in touch with your insurance agent or choose one of our convenient online customer service centers to get answers. For inquiries, consult with Renee Oliver Insurance Agency Inc. in Silver Spring, MD. 

Motorcycle Insurance: What You Need To Know

You need to have a good idea of what to cover and the cost of the insurance. You can find these by doing a search on any of the websites that offer motorcycle insurance. These websites usually have reviews of all the companies that have provided the insurance, as well as a list of the cost of the insurance. 

If you’re looking to start out as a rider, you can probably cover the basics like helmets, food, and hydration. However, you’ll need to cover more expensive maneuvers like full-face helmets and advanced rider training. 

The most important thing to remember when it comes to obtaining motorcycle insurance is that you need to have the necessary insurance to make sure that you have enough money in the right place to keep up with maintenance and get your motorcycle fixed. 

The best advice is to start out with the lowest amount you can afford and work your way up. If you are still at a point where you cannot afford the cover, understand that most insurance companies will pay up after a certain amount of coverage has been received. 

Give Us A Call

The minimum required amount of liability insurance for motorcycles varies from state to state but is often equivalent to that required for automobiles. In most cases, you will want to ensure that you have enough liability insurance as well as guest passenger liability cover. 

These types of insurance policies will compensate third parties for their injuries and/or property loss if you caused the accident. For expert insurance advice in the greater Silver Spring, MD community, reach out to Renee Oliver Insurance Agency Inc.