Liability Coverage: you may carpool, so make sure you have enough liability coverage in case you get in an accident.
Consider Umbrella insurance: This type of policy provides additional coverage to help protect your assets in case you have a lawsuit due to an accident with your care or in your home. Consolidate separate home and auto insurance policies to potentially get a decreased premium.
Learn more about Auto Insurance in Maryland
You insure the home and your possessions (contents), not the land, so the insured value – the cost to replace your home and contents is less than the market value.
Liability coverage in a Homeowner’s policy helps protect you financially from theft and damage to your home and possessions, as well as to guests in your home if they get hurt (for example from a pet or a fall)
Consider Umbrella insurance for additional coverage to help protect your assets in case you have a lawsuit due to an accident with your car or in your home.
Flood insurance may be required where you live, or if it is not required but you want it for additional protection, in all cases make sure you get coverage for your home and your contents.
Learn more about Home Insurance in Maryland
If you are not on a group health insurance plan, then you need to enroll in an Individual or Family health plan. We help people do this on or off the Maryland Health Exchange.
If you are between employer group plans and need temporary health coverage, you can consider a Short Term health plan (aka Catastrophic Coverage health plans; these are not ACA compliant) but can provide a level of temporary coverage.
Learn more about Health Insurance in Maryland
We have always suggested each spouse purchase a policy. Whether or not one is employed, the surviving spouse will need to take on the responsibilities and expenses of the household.
Take the time to estimate your total household costs carefully, including education costs that may not be far away.
Before choosing a policy, research the differences between Term and Permanent (Whole Life) policy types.
Learn more about Life Insurance in Maryland