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Renee Oliver Insurance Agency, Inc.

13975 Connecticut Avenue, Suite 312
Silver Spring, MD 20906

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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!