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Renee Oliver Insurance Agency, Inc.

13975 Connecticut Avenue, Suite 312
Silver Spring, MD 20906

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Why You Need Home Insurance

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Home insurance is a type of insurance that is vital for all homeowners to have. It provides a number of important coverage types to protect you and your finances. If you need home insurance, contact us today at Renee Oliver Insurance Agency Inc. in Silver Spring, MD.

To Protect Your Home

For most people, their home is by far their biggest investment, and home insurance is there to help protect it. If a serious incident such as an accident or disaster causes damage to your home, getting it repaired can be very expensive. That’s where home insurance comes in. It can pay for the damage that was done so that you won’t have to. It is valuable coverage that every homeowner needs to protect their investment. 

Protecting Your Possessions

Chances are that all of your belongings are there in your home. If you were to lose them, it could cost almost as much as your home to replace them all. That’s where home insurance comes in. It pays for damage done to your belongings in an incident that is covered by the policy. These often include various accidents and disasters. It would be very difficult to pay to replace everything without help from this policy. 

Covering Your Liability

Another way that home insurance protects you is to cover you in liability cases. If a third party came into your home and then had an accident or developed an illness there, the resulting medical bills could be yours to pay. With the rising cost of medical bills, it’s always a good idea to have this coverage in your home policy. 

Cover Your Home

To protect yourself against a number of expensive situations, you need to have a home policy in place at all times. To find out more about them, give us a call at Renee Oliver Insurance Agency Inc. in Silver Spring, MD.

Motorcycle Insurance in Maryland: Tips for Defensive Driving on the Roads

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Motorcycle riding is one of the most liberating, but also the most unforgiving experiences on the road. You don’t need to be told you have to be careful. There is a reason they are called accidents when it happens. When you’re in that situation, it’s easy to lose all sensibilities and correct a problem before it becomes a disaster.

At Renee Oliver Insurance Agency Inc., we want Silver Spring, MD motorcycle riders to be the best drivers they can on the road. Use defensive driving tips to help you feel more secure when you are out there enjoying your freedoms on your bike.

Plan The Trip

When you are going on long trips with your bike, make sure that you plan every element of it. It only takes a second on your bike to create a collision. If you are at a light wondering where to turn, you’re not thinking about what might be coming at you or beside you at that moment.

That second could be a disaster. Know where you are going and how you are getting there every time.

Maintain Speed and Distance

Driving too fast is tempting when you are on a bike, but it is also costly when it comes to collisions and moving violations. Maintain your speed when you are driving. Car drivers aren’t able to predict what your bike will do with instant accelerations the way you can. They are reacting to these situations as much as you are.

Keep a safe following distance when you are riding as well. When there is less to hit you, there is less to hit you. If you give yourself a 2-second lead time and space behind and around other vehicles, you’re driving defensively.

Keep Your Eyes on the Road

This goes without saying but is worth saying. Minimize distractions from your phone or alcohol, and stay alert when you are on the road. 

Bike riders should be moving their heads at all times to gauge what is around them and when. This is defensive driving with your motorcycle.

Get a Quote

When you are driving your motorcycle, maintain defensive driving techniques at all times. They are proven to prevent accidents and keep motorcycle insurance rates down. At Renee Oliver Insurance Agency Inc., we want Silver Spring, MD residents to feel secure on the roads. Call us for a quote today.

Why do you need condo insurance in Silver Spring?

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Those that are in the Silver Spring, MD area will find that the city offers a lot of local amenities, access to a major city, and a lot of great employment opportunities. Due to this, it is also a great place to own a home. When you would like to buy a property here, investing in a condo can be a good option. Along with your condo, you need to have condo insurance. This coverage is needed for a few reasons.

Insurance is an Association Requirement

A reason that you will need to have a condo insurance plan in this area is that it will be a requirement set forth by a condo association. Condo owners typically are part of a larger community and association. These associations are designed to protect all the owners in the community. One way this is done is by requiring all owners to maintain condo insurance, which will give coverage if a mechanical challenge or leak in your unit causes damage to another owner’s property. 

Insurance is a Lender Requirement

Many Maryland condo owners will also take out a loan when they buy their condo, which can come with insurance requirements. Your condo insurance plan is going to be required until the loan is paid off entirely. Some lenders will require you to provide evidence of coverage and establish a payment escrow account. 

As you are looking for a new condo in the Silver Spring, MD area, it would be helpful for you to speak with Renee Oliver Insurance Agency Inc. The team with Renee Oliver Insurance Agency Inc. understands the value of this type of coverage. They can ensure that you are aware of your insurance options and can help you build a plan that protects your condo fully. 

Who should have umbrella insurance

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Umbrella insurance protects your assets. When the winds and storms of adversity strike, you need all the protection you can get. At Renee Oliver Insurance Agency Inc in Silver Spring, MD, we have provided service to residents for more than 10 years. Our mission is to provide outstanding insurance products and services to all of our present and future customers.

Umbrella insurance has a reputation of being only for those who are wealthy. Nothing could be farther from the truth. Anyone who has any assets could benefit from having umbrella insurance. About 10% of all people will be sued every year. 30% of people will be sued at least once in their lifetime. Protecting your assets, whether they are millions of dollars or thousands of dollars, is important. 

Umbrella insurance is a type of liability protection. It is not a policy you can have alone. It is additional liability protection added to a policy you already have with liability protection. This includes home, auto, condo, renters, boat, and motorcycle coverage. Typical liability coverage on standard policies can be quite basic. It could leave you vulnerable in the event you are in an accident where you are at fault, or someone is injured while visiting your residence. 

When you have umbrella coverage, your primary insurance policy will cover up to the policy’s limit. Then your umbrella insurance policy will cover you for any additional expenses up to the limit of the umbrella. A typical umbrella is one million dollars. 

If you are in the market for a locally owned and operated independent insurance agency, Renee Oliver Insurance Agency Inc in Silver Spring, MD is the agency you are looking for. We know to answer your questions and the drive to provide the kind of service you want and deserve. 

4 Areas Covered By Auto insurance

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If you own a car in Silver Spring, MD, it’s paramount to acquire proper car insurance from Renee Oliver Insurance Agency Inc. to safeguard you and your automobile. Furthermore, purchasing an auto insurance policy from a licensed insurance company is a prerequisite for your car’s registration and obtaining license plates in Maryland.

Besides compliance, auto insurance protects you and your car in the following areas.

Asset protection

It has taken you years of savings to purchase your vehicle. To that end, you need proper insurance to protect your investment. The collision coverage covers damages and replacement of your vehicle in the event of an accident. The comprehensive coverage is a non-collision coverage that protects your vehicle against calamities, such as falling objects, fire, theft, vandalism, and hailstorm.

Medical payments protection

If you and your passengers are injured in an accident while driving an insured vehicle, this policy covers medical costs, including surgery, X-rays, and medication. Home insurance also covers funeral expenses and partial loss of income following a vehicular accident.

Liability protection

 No matter how careful you are on the road, accidents can still happen. The liability coverage in your auto insurance protects you against the below liabilities:

  • Bodily injury caused to other road users
  • Property damages to third parties
  • Legal suits for liabilities you are deemed liable

Uninsured motorist protection

The state of Maryland requires you to carry uninsured motorist coverage of at least $30,000. The UM coverage protects you against uninsured motorists that cause damage and bodily injury to you and your passengers. This coverage also protects you when someone causes injury to you or damages your car and leaves the scene of the accident without being identified (hit-and-run situations).

Auto insurance near me

Are you a car owner in Silver Spring, MD searching for a spectacular auto insurance policy that meets your needs and budget? Please call or visit our Renee Oliver Insurance Agency Inc. for detailed information about auto insurance coverage.

4 Important Benefits Of Life Insurance

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Renee Oliver Insurance Agency Inc. is proud to serve the Silver Spring, MD community. We offer our clients flexible and versatile policies to help them protect their assets. We can help you evaluate your options and find a policy so that you’ll be prepared for whatever obstacles life throws your way.

Benefits of Life Insurance

Planning for the future can be uncomfortable at times, especially when you start thinking about your eventual death. Life insurance can help you leave a legacy for your loved ones while they cope with your passing. You can use your life insurance policy to relieve the burden on your loved ones. You have the option to choose from a variety of different policies. However, the most common choices are term life and whole life. Term life coverage provides benefits for a specified period of time. Whole life coverage provides benefits for your entire lifespan. Here is a look at some important benefits of life insurance.

Provides Structure

Life insurance allows you to create some structure as you head into the future. You can outline how you’d like your resources to be allocated to your loved ones in the future. The structure that life insurance provides can give you peace of mind as you live your life.

Assist Your Loved Ones

Life insurance assists your loved ones in managing your affairs after you have passed away. You can help ensure that things run as smoothly as possible.

Funeral Expenses

Life insurance can help your family as they finalize your funeral plans. Your loved ones won’t have to worry about covering the costs and can focus on celebrating your life.

Your Children

If you have children, life insurance can help them pursue higher education in the Silver Spring, MD community. The policy allows you to protect your loved ones after you have passed away.

Renee Oliver Insurance Agency Inc. Can Help You Prepare For The Future

Visit our website to learn more information about life insurance.  

Why is choosing commercial insurance such a big decision?

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Starting a business is a dream that a lot of people share. At the same time, it continues to be a big responsibility that requires a lot of thought and preparation. One part of owning a business is choosing a commercial insurance policy. There are several reasons why choosing the right commercial insurance policy for a Silver Spring, MD business owner is such a big decision.

Insurance Could Keep Business Solvent

An important reason you will need to have commercial insurance is to keep your business solvent. As a business owner, it is important to prepare for anything. Unfortunately, a lot of risks and issues are out of your control. Due to this, you should get a commercial insurance policy to keep your business solvent if there is an incident that results in a liability claim or damaged property.

Having Insurance is Often Required

A Silver Spring business owner is also often required to carry insurance at all times. Businesses that take out financing, hire employees, lease a building, or even raise capital will have certain insurance needs that should be met at all times. When you get a proper insurance policy, you can stay in compliance with all requirements. 

Choosing the right commercial insurance policy is very important for anyone that owns a business in the Silver Spring, MD area. If you are looking to start a business or evaluate your insurance needs and options, you should reach out to the team at Renee Oliver Insurance Agency Inc. When looking for a policy, it is easy to be confused by your business’s options and needs. Fortunately, Renee Oliver Insurance Agency Inc. can simplify this for you and help you choose a quality policy. 

How does divorce and separation affect my home insurance?

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A divorce is a significant lifestyle event that turns everything upside down. Whether you are on speaking terms or not, divorce comes with many unexpected changes that could be costly to both parties. Some of the significant changes include child custody, property ownership, and home insurance coverage. Many people in Silver Spring, MD do not know what will happen to their home insurance policy in case of a divorce or separation. That’s why Renee Oliver Insurance Agency Inc. is here to explain everything.

What happens after divorce

Divorce or separation means one person must move out of the marital home. The person who is left will need to make sure that home insurance is under their name. Similarly, the person who is moving out will need to buy separate home insurance for their new home. If you bought the policy and have decided to stay, then you can keep the insurance policy as it is or removes your spouse. The choice is entirely yours.

What if the policyholder left without changing the policy?

The declaration form of a home insurance policyholder clearly defines who and what is covered. The sole policyholder is the only person who can make changes in the policy.  If the listed person was not living with you in the marital home and did not amend the policy before leaving, then there is no way you can change the agreement.

What about the property?

A divorce typically ends with a property split. After the split, it is essential to review your policy to ensure that the home’s structure and contents are covered. It is also critical to note that the rightful property owner must insure the home. If this changes due to divorce settlement, a modification will be necessary to reflect ownership change.

Not sure how to go about your home insurance in Silver Spring, MD? Renee Oliver Insurance Agency Inc. can help sort that for you. Try us today!