What to do before moving to Silver Spring Maryland
If you are making a move to Silver Spring Maryland one thing you may want to do before packing is getting your Insurance ducks in a row. Silver Spring is a beautiful place with many things to do such as going to restaurants, Bars, Farmers markets, and much more. Rightaway Insurance is here for you before, during, and after your move. Before your move, there are three types of insurance you may want to consider purchasing depending on your situation.
Renters Insurance
If you are renting in Silver Spring Maryland one type of policy you may want to be familiar with is renters insurance. Before moving into your apartment or Home you will want to make sure that your belongings are covered with a good renters insurance policy. RightAway Insurance works with many different insurance carriers such as Https://www.ErieInsurance.com that offer renters insurance to Silver Spring Maryland residents. I would recommend before purchasing a renters policy knowing what it covers and the different coverages that come with renters insurance. Renters insurance’s most basic coverage is personal liability. Many landlords will insist that a tenant have at least a minimum of $100,000 in personal liability coverage. Personal Liability part of renters insurance protects the tenant from any lawsuits that may arise out of a guest coming to their home. You may be thinking what is the worse that can happen if someone comes to my home? guests can injure themselves at your home due to no fault of your own. Tenants for instance may throw a party if a guest of yours slips and falls or otherwise injures themselves while they are a guest in your home you could be liable! if you are doing renovations to your home and a handyman or contractor injures themselves while working on your home you may also be liable for damages. We live in a very litigious society and protecting yourself for a few hundred dollars a year is a no brainer.
Home Owner’s Insurance
If you are moving to Silver Spring Maryland and are buying a property Home Owner’s Insurance is a policy that you may want to become familiar with. Most banks and lenders will require a borrower to purchase Home Owner’s Insurance before closing on a property. When deciding which home owners insurance policy to go with there are several factors to consider. The first thing to consider is does this policy cover the replacement of my dwelling should the worst happen. It is a rule of thumb to never get a dwelling policy that doesn’t completely cover the replacement of your home should something happen there are some Insurance agents in Silver Spring Maryland that will quote and write a policy that falls short of the cost to rebuild your home should a major event happen. The next thing to consider when purchasing a home owners policy in Silver Spring Maryland is to make sure the Insurance agent that is quoting your policy has the most accurate and up to date information. RightAway Insurance Brokers will never miss key information that could effect a clients premium such as the age of the roof, when electrical systems were replaced, or when plumbing was last updated these factors play a major impact in the end premium and are important to get right upfront. Home Owners insurance policies in Silver Spring Maryland should cover the intended use of the home are you occupying this property as a primary resident? or will you be using the property as a short term rental? There are short term rental endorsements that may be right for you if you are not occupying the home. In the year 2024 there are many different ways to turn a property into another income stream many savvy Home Owner’s are listing their homes on Airbnb, VRBO and other short term rental websites and applications. When purchasing Home Owners insurance in Silver Spring Maryland one important factor to carefully consider especially if the home has a basement is Water Sewer and Drain coverage otherwise known as Water backup. Water Sewer and Drain coverage will replace items damaged in your home due to water backup many homes even when equipped with a sump pump may have items damaged due to water backup and when your valuable items are damaged there is insurance that can make you whole. Water sewer backup is an endorsement or extra optional coverage that you can elect to purchase with your standard Home Owner’s policy. Silver Spring Maryland has a lot of unique architecture and because many homes in this city in Maryland have basements this is an important coverage to keep in mind.
