Making Sure You Have the Right Auto Coverage

Dropping some of your coverage—like comprehensive or collision—to the lowest legal level can cut your premium, but it could also put you at serious risk.

An automobile insurance policy is designed to provide you with a level of protection against property, liability and medical costs if you are involved in an accident.

  • Property coverage pays for damage to or theft of your car.
  • Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
  • Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
  • Underinsured motorists coverage pays for property damage and bodily injury caused by another driver whose coverage is insufficient to cover damages suffered.

Selecting the correct liability limits is fundamental. 100/300/50 means you are covered for up to $100,000 in bodily injury coverage per person, $300,000 in bodily injury coverage per accident and $50,000 in property damage per accident.

Many states have minimum liability limits of 25/50/10, although some states are higher or lower than this. While it may lower your premium, reducing your liability limits to minimum legal levels and dropping underinsured motorists coverage could open you up to substantial risk.

Collison Insurance – Know the Value of Your Car

Your policy will not pay for repairs that exceed the value of your vehicle. For this reason, if you are driving a vehicle that isn’t worth more than a few thousand dollars, it may not make sense to purchase collision coverage. BHC Insurance can help you determine whether or not collision insurance makes sense for you.

Top Ways to Save on Your Auto Premium:

  • Consider raising your deductible.
  • Keep up your good driving record.
  • Drive less to qualify for a low-mileage discount.
  • Drive a car with safety features such as anti-lock brakes and airbags.
  • Install an anti-theft device.
  • Ask about our multi-policy discounts.

We’re Here to Help

Accidents happen to cautious drivers, too, and having adequate insurance can save you from serious financial burden should one happen to you.

We can help you determine which automobile insurance coverage is needed and what limits you should consider for your policy.


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Are You Prepared for a Home Break-in?

While it may be difficult to imagine it happening to you, home break-ins are a common occurrence. If an intruder enters your home, your property and the well-being of your loved ones are at risk.

In order to protect your home and family from an intruder, consider doing the following:

  • Put an emergency plan in place and discuss it with everyone in your household.
  • Take any measure possible to let the intruder know someone is home and aware of his or her presence.
  • Do not assume the intruder is unarmed. He or she may be concealing a knife or gun and could produce it at a moment’s notice.
  • If you have something immediately available you can use for defense, grab it, even if it is just a scare tactic.
  • Remain vigilant. Take note of the intruder’s physical characteristics and provide the most accurate description possible to the police if he or she gets away.

In addition to the above, consider arming your home with a security system. A security system may seem expensive, but knowing your family and possessions are safe at all times may make it worth the cost.


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Remember Risk! Planning for Financial Stability

Obtaining the peace of mind financial stability brings starts with reviewing your current financial resources. This is important because your financial resources affect not only your ability to reach your goals, but your ability to protect those goals from potential financial crises. These are the resources you will draw on to meet various life events.

Start by calculating your net worth—this isn’t as difficult as it might sound. Your net worth is simply the total value of what you own: your assets, minus what you owe (your liabilities). It’s a snapshot of your financial health.

First, add up the approximate value of all of your assets. This includes personal possessions, vehicles, homes, checking and savings accounts, and the cash value (not the death benefits) of any life insurance policies you may have. Include the current value of investments, such as stocks, real estate, certificates of deposit, retirement accounts, IRAs and the current value of any pensions you have.

Now add up your liabilities: the remaining mortgage on your home, credit card debt, student and personal loans taxes due on the profits of your investments if you cashed them in and any other outstanding bills. Subtract your liabilities from your assets. Do you have more assets than liabilities? Or the other way around? If so, don’t beat yourself up. According to Forbes Magazine, a person with no debt and $10 in his or her pocket has more wealth than 25 percent of Americans.

Your aim is to create a positive net worth, and you want it to grow each year. Your net worth is part of what you will draw on to pay for financial goals and your retirement. A strong net worth also will help you through financial crises. Review your net worth annually as a good way to monitor your financial health. Websites like Mint.com help you keep track of your income, expenses and net worth on a daily basis.

Identify other financial resources. You may have other financial resources that aren’t included in your net worth but that can help you through tough times. These include the death benefits of your life insurance policies, Social Security survivor’s benefits, health care coverage, disability insurance, liability insurance, and auto and home insurance. Although you may have to pay for some of these resources, they offer financial protection in case of illness, accidents or other catastrophes.


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Winter Holiday Safety Tips

12 Days of Holiday Fire Safety
More home fires happen on December 25 than any other single day except Thanksgiving. Fire officials are urging people to make fire safety part of the celebrations this holiday season. Start by making sure you have working smoke and carbon monoxide alarms. Have a home escape plan and share it with guests. Fires are always terrible but they seem worse during the festive holiday season.
Cooking is the leading cause, followed by heating. Many of the holidays celebrated at this time of year use candles. Candle fires peak in December and Christmas Eve, Christmas Day and New Year’s Eve are among the days when the most candle fires occur. So follow the safety tips below for a happy and safe holiday season.

Water Christmas trees daily
Water fresh trees daily. Place trees away from heaters, fireplaces and candles, and keep pathways to exits clear. More tips.

Turn Off Lights
Consider switching to new LED lights that are cooler and use less electricity. Turn off lights when you leave the house or go to bed.

Blow out candles
Always blow out candles before leaving the room or going to sleep. Burn candles inside a one-foot circle of safety, free of anything that can catch fire.

Stand by your pan; put a lid on it
Cooking is the #1 cause of fires during the holidays, and most commonly occur when cooking is left unattended. So Stand by Your Pan and always stay in the kitchen when cooking. Take a timer with you when baking. If a pan catches fire, Put a Lid On It to smother the flames and then turn off the heat.

Space heaters need space
Keep space heaters at least 3 feet away from anything that can burn like curtains, upholstery, or holiday decorations. Keep warm, keep safe this winter.

Keep matches and lighters out of sight and reach of children
Children may imitate adults lighting candles and using matches and lighters. Keep them out of reach of children and preferably on your person.

Know how to get out
Develop and practice a home fire escape plan with 2 ways out and a meeting place outdoors. In a fire, get out and stay out of the house and call 911 from a cell phone or neighbor’s house.

Have working smoke alarms
You need working smoke alarms on every level of your home and outside all sleeping areas. Replace smoke alarms if they are over 10 years old.

Have working carbon monoxide alarms
Carbon monoxide is an invisible, odorless gas that can quickly kill you. Replace any carbon monoxide alarms over seven years old.

Use extension cords wisely
Extension cords should only be used as a temporary connection. Don’t overload them and match the cord to the appliance. Never put cords under rugs as this can damage the cord and cause a fire. More electrical fire safety tips.

Smoke outside
Encourage smokers to do so outside, and provide them with a proper ashtray such as a can with sand in it. Many fires are started by the improper disposal of smoking materials both indoors and out.

Drink responsibly
Keep a close eye on anyone cooking or smoking while under the influence of alcohol. Alcohol is often a factor in fatal fires.


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Attention Maryland Residents! New Smoke Alarm Laws

New Maryland Smoke Alarm Laws

What You Need to Know and Requirements

New laws are set to take place January 1st regarding the type of smoke detectors you have in your home. Click the links below to see the new requirements and if you need to make changes to your home.

DOWNLOAD PDF: SMOKE ALARM LAW DETAILS

DOWNLOAD PDF: SMOKE ALARM REQUIREMENTS


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Christmas Safety Reminder for Home or Office

For many of us, the holiday season is a time of joy, celebration and tradition. We look forward to hosting or attending festive gatherings or concerts. We travel near and far to share in the spirit of the season with family, friends and co-workers. We cook more, shop more and decorate more.

However, all that extra cooking, traveling, shopping, celebrating and decorating we do can post potentially serious hazards at home, in the office and on the road. Reports from leading safety organizations indicate that the time from Thanksgiving through the New Year is also one of the most dangerous for homeowners.

Whether you are planning or participating in the festivities, knowing the risks and how to help avoid injury, theft and damage to property through the holiday season are important however you choose to celebrate.

Fire Hazards
According to the National Fire Protection Association (NFPA), home fires and home fire deaths peak between December and February.* Cooking is the leading cause of home fires year round, and the increased use of stovetops and ovens for preparing holiday meals can increase the risk. Holiday decorations and the open flames of fireplaces and candles used during the holidays can also pose a threat.

To help reduce the risk of fire, consider using non-flammable or flame-retardant decorations. If you decorate a Christmas tree this time of year, select a quality artificial tree and decorate with only UL-listed lights. If you choose to have a fresh tree, be sure to keep water in the stand at all times. According to the NFPA, even a well-watered fresh tree should be taken down after four weeks. If you celebrate using a menorah, consider lighting using dripless candles. Remember to keep decorations and trees away from candles, fireplaces and heaters. Never leave an open flame or stove unattended.

Decorative Displays
Decorating the home, office or yard is a popular way to get into the spirit of the season. Planning your displays carefully is important to help reduce the risk of fire, electrical shock, trips and falls, and property damage. If a ladder is to be used always use a fiberglass or wooden ladder as they do not conduct electricity should the ladder come in contact with an open power source. Be diligent about everything you do while decorating to help keep your family and friends safe when putting up, playing around or packing away your festive displays.

Winter Driving Safety
Over the river and through the woods to grandmother’s house, shopping malls and holiday parties we go — all increasing our risk of having to drive in sometimes hazardous winter conditions.

Always check the weather before going out, and avoid driving in snowy, icy or other severe conditions if possible. Take a vehicle survival kit stocked with cold weather essentials on every trip, and try to keep your gas tank from getting far below the half empty level. Following your common sense and basic winter driving tips can help ensure you and your passengers reach your holiday destinations safely.

Consumer Protection Safety Commission, http://www.cpsc.gov/; Electrical Safety Foundation International, http://esfi.org/.


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Grooming the Next Generation of Brokers

The average age of an insurance industry professional is 54, according to a study by the Independent Insurance Agents & Brokers of America, as bringing in younger talent has proven to be difficult.

While brokerages struggle to recruit youthful brokers, family-run firms are enlisting their children and grandchildren to rise through the ranks to eventually take over the business.

Jeff Hackmeier, president of Jeff D. Hackmeier & Associates in Miami, says millennials are struggling to enter into the business because the field of employee benefits does not deliver instant gratification that the generation is often used to receiving.

“The insurance industry is a very slow business with a tremendous amount of rejection,” Hackmeier says. “It takes years to build your commission up and that’s where a lot of people fail because they don’t have the willpower to stay in the business for about three to five years in order to make a living.”

 

Hackmeier recruited his own son, Jordan Hackmeier, as a managing partner and eventual successor to his business. At 25 years old, Hackmeier says his son has a lot of potential to make it in this industry, but he needs more experience under his belt.

“He picks up things very quickly and is adapting to the benefits industry really well,” Hackmeier says. “Jordan just needs more experience, product knowledge and just getting beat up more.”

Also see: Bringing a true business perspective to the benefits market.”

Matt and Will Lowe, twin brothers and vice presidents of Lowe-Tillson Insurance & Associates out of Rockville, Md., were recruited by their father to assist in the family business in 2011 and 2012.

Today, having reached that crucial five-year mark Hackmeier describes, the brothers agree young talent who remain in the industry will begin to see a return on their hard work.

“Younger people come into this industry expecting selling to be a lot easier than what it really is,” Will Lowe says. “They should not get discouraged in the beginning because it takes a few years to build that book of business.”

One of the benefits of working in the insurance space the Lowes found appealing was not working in an office setting every single day, a fact promoted by their father.

“We always had an idea that we were going to go into the business,” Matt Lowe says. “The way our father handled his clients was appealing to us because every day was not the same.”

Matt says the fact that they have the opportunity to constantly be on the move and in new places keeps the job from feeling stagnant and boring. “We saw an opportunity where we could basically work for ourselves, have a little bit more flexibility in our schedules and make our own way in the business,” he adds.

ACA impact

Entering the field in the age of the Affordable Care Act, the Lowe brothers have done more than just take over the business from their father. Initially Lowe-Tillson Insurance & Associates was a P&C company with section of the business dealing with financial advising. The Lowes have since moved the business into the employee benefit space because of the changes occurring in the health insurance industry as a result of the ACA.

“The cost of health insurance was going up dramatically, so we wanted to find a way to help lower costs for our clients that we already have while also attempting to assist new prospects in the same endeavor,” Will Lowe says.

Taylor Lindsey, partner at Employee Benefit Consultants in Richlands, Va., joined his grandfather’s agency for the same reason the Lowes entered into the benefits industry. “I saw the ACA as a major issue that could sink the industry if we didn’t get a hold on it,” Lindsey says.

Because of the possible threat the ACA had on his family’s business, Lindsey says it became his calling and a personal challenge he intended to answer. “This was an opportunity to revamp the agency and become an industry leader in the law and compliance of the ACA,” Lindsey says.

Similar to the Lowes and the Hackmeiers, Lindsey says he felt the need to join the business because it ran in the family, but quickly realized there is much more opportunity within the industry than just selling insurance.

“There is no cap for what you can do within this industry,” Lindsey says. “There is consulting, technology, compliance, employee education and communication. I really have enjoyed what I have learned through every level.”

For those young prospects leaving college and entering into the workforce, particularly in the insurance space, Will Lowe says their age can be both an advantage as well as a handicap in the benefits space.

“A lot people who have been in this industry for a long time get set in their ways instead of learning the new techniques or the new technology that is out there on the market,” Lowe says. “It’s hard to get clients to trust you because of your age, but you also bring in youth and new ways to strategies as technology changes.”

Source: employeebenefitadviser.com


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Lowe – Tillson Recognized by Rockville Economic Development

Achievement Recognition

Lowe – Tillson Insurance & Associates are honored to receive recognition from Rockville Economic Development, Inc. We Thank You!

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Insuring Your College Student

When your child leaves for college, it is a big event. One thing that you should think about is your insurance coverage and how it could change with your son or daughter away at school.

Protecting Your Student’s Belongings

Many homeowners policies consider a dorm room as an extension of your home, so items your child keeps there may be covered to some extent. However, if your child has expensive electronic equipment or furniture, you may want to consider purchasing additional coverage.

If your child lives off campus, his or her possessions may not be covered by your homeowners policy. In that case, you may want to consider renter’s insurance, which typically costs as little as a few dollars per month. Renter’s insurance will cover possessions in your child’s off-campus apartment or house as well as provide liability coverage if anyone is injured in the residence.

Changing Auto Coverage

If your son or daughter moves more than 100 miles away from home to attend school and does not keep a vehicle there, your car insurance premiums could decrease by as much as 30 percent.

Keeping Your Child Healthy While on Campus

Since 2014, children up to age 26 can stay on their parent’s employer plan even if they have another offer of coverage through an employer. This rule applies to all plans in the individual market and to new employer plans. It also applies to existing employer plans unless the adult child has another offer of employer-based coverage.

If you find your child does not have adequate coverage under your plan, you have a few options. Most universities have their own health plans, but some policies have low deductibles and low coverage maximums. It may be better to consider an individual policy for your student depending on his or her needs.

Count on Us

If you are sending a child off to college and haven’t looked at adjusting your coverage, contact us today to learn more. You could save money on your policies and protect your child from expensive incidents while away from home.


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Boat Insurance for Smooth Sailing

You can insure just about any kind of vessel, whether you have a yacht, speed boat or personal watercraft like a JetSki. Every type of boat has the potential to be stolen or damaged, and can be involved in an incident that results in harm to another person or their property. Even if your boat is docked or stored in your garage, it can potentially be vandalized, damaged in a fire or storm, or stolen.

Many owners of small watercraft such as canoes, rafts and kayaks assume they will be covered under a homeowners or renters policy. This may be the case, up to a specified limit in your home policy. However, when it’s time to make a claim, you don’t want to be surprised to find out that this limit is not adequate to cover the value of your investment.

Be sure to consider the amount of coverage you would need to repair or replace each of your boats and recreational vehicles if damaged or stolen and ask your agent to help you get the right coverage for those items.

What Does Boat Insurance Cover?

The exact boat coverage you need depends on multiple factors. Small boat insurance is very different from yacht insurance, for example. However, for most types of boats, the three kinds of coverage in a basic boat insurance policy include:

  • Bodily injury liability for expenses related to the injury of another person
  • Property damage liability for expenses related to harming another person’s property
  • Physical damage for damage to your own property, including your boat and trailer.

You also may want to add additional types of coverage to your boat insurance policy in order to fully protect yourself and your property. Here are some examples of additional coverage:

  • Property coverage for equipment such as tools, life preservers, anchors and oars
  • Insurance for fishing equipment like your rods, lures, nets and tackle
  • Towing coverage when your boat becomes disabled and needs servicing
  • Medical payments coverage for hospital and funeral expenses for you or your passengers
  • Uninsured/underinsured boaters coverage if you have an accident with another boater whose insurance is not sufficient to cover damages

As with all insurance, the amount of benefit or reimbursement you have in the event of an incident is set at the time you buy your policy.


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Grilling Safety Reminders For Your Summer BBQ

Though grilling is an extremely popular way to prepare food in the summer, it can also be dangerous. According to the U.S. Fire Administration, gas and charcoal grills account for an average of 10 deaths and 100 injuries annually. Additionally, the National Fire Protection Association reports that an average of 8,900 home fires are caused by grilling each year.

This year, keep the following safety suggestions in mind when you go to fire up your grill:

  • Make sure your grill is at least 3 feet away from other objects including your house, trees and outdoor seating.
  • Remember that starter fluid should only be used with charcoal grills and never with gas grills.
  • If you suspect that your gas grill is leaking, turn off the gas and get the unit fixed before lighting.
  • Do not bring your grill into an unventilated or enclosed space such as the garage or inside of your home.
  • Do not let children and pets play near the grilling area when cooking until the grill is completely cool.
  • Allow time for your grill to completely cool down before storing or covering it after grilling.

Grill Your Food Thoroughly

Prevent food-borne illnesses by grilling your meat to the proper internal temperatures.

  • Steaks, Roasts and Chops – 145°F
  • Poultry – 165°F
  • Groud Poultry – 165°F
  • Ground Meats – 160°F

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Summer Water Safety Refresher

Summer Water Safety Refresher

  • Teach children water safety and swimming skills as early as possible.
  • Always brief babysitters on water safety, emphasizing the need for constant supervision.
  • Appoint a “designated watcher” to monitor children during social gatherings at or near pools.
  • Equip doors and windows that exit to a pool area with alarms.
  • Install a poolside phone, preferably a cordless model, with emergency numbers programmed into speed-dial.
  • Post CPR instructions and learn the procedures.
  • Keep rescue equipment poolside. Don’t wait for the paramedics to arrive because you will lose valuable life-saving seconds. Four to six minutes without oxygen can cause permanent brain damage or death.
  • Keep a first aid kit at poolside.
  • Install four-sided isolation fencing, at least five feet high, equipped with self-closing and self-latching gates, that completely surrounds the pool and prevents direct access from the house and yard.
  • Maintain constant visual contact with children in a pool or pool area. If a child is missing, check the pool first; seconds count in preventing death or disability.
  • Don’t use flotation devices as a substitute for supervision. Never allow a young child in a pool without an adult.
  • Don’t leave objects such as toys that might attract a child in the pool and pool area.
  • Never prop the gate to a pool area open.
  • Don’t rely on swimming lessons, life preservers, or other equipment to make a child “water safe.”
  • Never assume someone else is watching a child in a pool area.
  • Don’t leave chairs or other items of furniture where a child could use them to climb into a fenced pool area.
  • Don’t think you’ll hear a child who’s in trouble in the water; child drowning is a silent death, with no splashing to alert anyone that the child is in trouble

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Business Insurance in Frederick and Gaithersburg, MD

New risks could impact your commercial and business insurance

Commercial insurance is vital to your business welfare and will cover you in the event of most of the common events such as fire, theft and accidents. But how current is your business insurance when you consider rapid changes in the world we live in. Perhaps it is time to have another look at the status of your commercial and business insurance. Lowe-Tillson are experts in the areas of business insurance and can advise you regarding the effectiveness of your commercial policies in Bethesda, Frederick, Gaithersburg, Maryland or Rockville.

As a business owner or manager you are aware of many risks and possibilities that could cause loss to property and equipment or result in the interruption of business operations and consequential loss. These could be due to a fire, a vehicle accident, an accident at work, theft and similar events or incidents. But we live in a changing world where new risks surface almost on a daily basis. Lets consider some of them and how they may impact your business insurance.

Across the world countries have raised their levels of terrorist threats. Incidents of terrorism occur daily in some place or another. Is your business covered in the event of an attack or incident related to terrorism?

Today businesses are more reliant on computers, networks and online information than ever before. Is cyber insurance part of your commercial insurance portfolio? Cyber insurance should be part of any sensible business insurance plan to cover you in the event of data loss, whether from an internal or external source.

Global warming and climate change brings new risks that can affect your business interests. You just need to consider recent weather events such as unparalleled snow fall in certain areas.  Question is:  Are you covered if some unusual event takes place in your hometown?


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Cyber Insurance is new territory in Rockville and Bethesda

Cyber Insurance is new territory in Rockville and Bethesda

Cyber insurance is often overlooked despite the fact that cybercrime is on the rise. Viruses, cyber-attacks, network security breaches and online fraud are just a few of the issues that face companies and carriers alike. What would happen to your business if you suffered a serious data breach, denial of service attack or if your computer systems are compromised due to cyber-crime? For many this is new territory despite the fact that cyber liability insurance has been around for almost a decade.

If you need advice and assistance with cyber insurance in Bethesda, Frederick, Gaithersburg, Maryland or Rockville, then you should consult with the experts at Lowe-Tillson agency.

Cyber insurance is a form of risk mitigation in the event of a cyber-attack and data breach.  Cyber Liability Insurance Cover (CLIC) is a term that you will come across when you start looking in the implications of network security and data breaches and insurance options.

This type of insurance can cover you for data breach and expenses related to damage control, investigation, remediation, legal costs and liability claims. Cyber Insurance can also cover you in the event that your website is defaced or compromised or if you suffer intellectual property losses. Other possible coverage’s could extend to extortion as well as third party damages as a result of loss of service or data and privacy infringement. The fast changing landscape in our connected world makes this type of insurance complicated and challenging.

Not many insurance agents are competent when it comes to cyber insurance. You need to consult the right brokers in order to obtain cyber-insurance that is suitable for your business.  An expert cyber insurance broker such Lowe-Tillson understands the risks and costs associated with cyber-attacks and data breaches. An expert broker will also know with which carriers to negotiate regarding a suitable policy that covers your cyber risks.


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Specialist Car Insurance in Bethesda, Frederick, Gaithersburg, Maryland or Rockville

Specialist Car Insurance Knowledge in Bethesda, Frederick, Gaithersburg, Maryland or Rockville

Whether you own a sedan in Bethesda, a pick-up in Frederick,  a SUV in Gaithersburg, a truck in Maryland or sports model in Rockville, one thing is certain, you need car insurance.  Some form of auto insurance required by law, but you need more than that to protect your financial interests. Driving a vehicle without car insurance is not only illegal, it is stupid.

Car insurance is not expensive and the risks are high. Since insurance is all about risk and costs, auto insurance is a no-brainer. Of course you want car insurance that is affordable, reliable and tailored to your needs. That is the kind of vehicle insurance you get when you deal with an independent agent such as Low-Tillson.

Car insurance must of course cover you if your vehicle is damaged or destroyed in an accident or as the result of some other event. Your auto insurance also has to include a liability component that covers you in the event of damage or injury to others. At the same time your car insurance must also cover you if you sustain injuries.

Since there are different risks there are different types of car insurance policies and an array of terms, conditions, inclusions, exclusions as well as options and variations. It can all get quite complicated. That is why it is best to leave your insurance matters in the hands of professionals. Not only do they have the knowledge, they also have the contacts that enable them to get you best value car or auto insurance deals.

Apart from car insurance you will also need other types of insurance. This could include property insurance, liability insurance, medical insurance, travel insurance and business insurance. Anything that is complicated usually requires specialist knowledge and related experience. Insurance is no exception and that is why there are agents that specialise in this field and who can assist and help you.


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Life Insurance in Bethesda, Frederick, Gaithersburg, Rockville MD

Workers comp and life insurance from a reliable source

Employers in Maryland are compelled by law to carry workers comp insurance. When you need to buy workers comp insurance you want to secure your cover from a carrier that offers competitive pricing, free safety services, efficient claims processing, fraud detection, reliability as well as financial strength.

Lowe-Tillson agency deals with top carriers across the state and the country. They provide insurance services to the businesses and people of Bethesda, Frederick, Gaithersburg, Maryland and Rockville. They can assist you with your insurance requirements including workers comp insurance. When you deal with a trusted and independent agent you will get a better deal than when you try and source insurance on your own or directly from a carrier. That is because they represent both national and regional carriers and can select a plan that best covers you and your employees.

Life insurance is practical, sensible and affordable way to provide for your loved ones when you no longer will be able to do so. Life insurance comes in a few flavors and these include term life, whole life and endowment policies.

Term life insurance is the most economical and will cost the least. This is a good option for young families who are just starting out. Term life insurance will pay your beneficiaries in the event that something unexpected happens to you.  Whole life will cover you for rest of your life as long as you pay the premiums. This type of life insurance does not end after a specific time frame. If you want a policy that accrues a cash value you should consider and endowment policy. Your agent will advise you regarding the pros and cons of each type of life insurance and also source the policy that best matches your lifestyle and your circumstances.


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General Liability Insurance in Bethesda, Frederick, Gaithersburg

Personal, commercial and general liability insurance from a professional agent

Insurance is the only effective instrument to help you plan financially for life’s disasters and mishaps. We live in a risky world and there is always something that will happen and result in you suffering some form of loss. The only way to protect your assets and financial interests is with effective personal and commercial insurance.

If you work or live in Bethesda, Frederick, Gaithersburg, Maryland or Rockville you can get best value personal insurance and cost effective business insurance from Lowe-Tillson agency. An independent insurance agent has access to various insurance plans and policies and can select one that is best suited to your needs and your situation. So whether you need auto, health, travel, property or business insurance, it is best to deal with an independent agent that works for you and not the insurance carrier.

Insurance is a complicated subject and is riddled with conditions, options, exceptions, exclusions and fine print. It is a minefield for the uninitiated and therefor best left in the hands of the professionals. By simply selecting the first and best policy that comes along you will likely end up paying too much or being underinsured. Neither is a desirable situation and end up costing you a lot more than you bargained for.

Business insurance is probably the most complicated of them all. You need to be sure your commercial insurance covers your business assets and income and that your general liability insurance is in place. When you interact with clients or the public there is always the risk of injury or damage.  General liability insurance protects you in the event of third party claims for bodily harm, medical costs or damage to someone else’s assets or property.

Let a professional and independent agent handle your commercial and general liability insurance requirements and you will have peace of mind knowing you have the right cover and that your business interests are protected.


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Life Insurance in Bethesda, Frederick, Gaithersburg, Rockville MD

Workers comp and life insurance from a reliable source

Employers in Maryland are compelled by law to carry workers comp insurance. When you need to buy workers comp insurance you want to secure your cover from a carrier that offers competitive pricing, free safety services, efficient claims processing, fraud detection, reliability as well as financial strength.

Lowe-Tillson agency deals with top carriers across the state and the country. They provide insurance services to the businesses and people of Bethesda, Frederick, Gaithersburg, Maryland and Rockville. They can assist you with your insurance requirements including workers comp insurance. When you deal with a trusted and independent agent you will get a better deal than when you try and source insurance on your own or directly from a carrier. That is because they represent both national and regional carriers and can select a plan that best covers you and your employees.

Life insurance is practical, sensible and affordable way to provide for your loved ones when you no longer will be able to do so. Life insurance comes in a few flavors and these include term life, whole life and endowment policies.

Term life insurance is the most economical and will cost the least. This is a good option for young families who are just starting out. Term life insurance will pay your beneficiaries in the event that something unexpected happens to you.  Whole life will cover you for rest of your life as long as you pay the premiums. This type of life insurance does not end after a specific time frame. If you want a policy that accrues a cash value you should consider and endowment policy. Your agent will advise you regarding the pros and cons of each type of life insurance and also source the policy that best matches your lifestyle and your circumstances.


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General Liability Insurance in Bethesda, Frederick, Gaithersburg

Personal, commercial and general liability insurance from a professional agent

Insurance is the only effective instrument to help you plan financially for life’s disasters and mishaps. We live in a risky world and there is always something that will happen and result in you suffering some form of loss. The only way to protect your assets and financial interests is with effective personal and commercial insurance.

If you work or live in Bethesda, Frederick, Gaithersburg, Maryland or Rockville you can get best value personal insurance and cost effective business insurance from Lowe-Tillson agency. An independent insurance agent has access to various insurance plans and policies and can select one that is best suited to your needs and your situation. So whether you need auto, health, travel, property or business insurance, it is best to deal with an independent agent that works for you and not the insurance carrier.

Insurance is a complicated subject and is riddled with conditions, options, exceptions, exclusions and fine print. It is a minefield for the uninitiated and therefor best left in the hands of the professionals. By simply selecting the first and best policy that comes along you will likely end up paying too much or being under-insured. Neither is a desirable situation and end up costing you a lot more than you bargained for.

Business insurance is probably the most complicated of them all. You need to be sure your commercial insurance covers your business assets and income and that your general liability insurance is in place. When you interact with clients or the public there is always the risk of injury or damage.  General liability insurance protects you in the event of third party claims for bodily harm, medical costs or damage to someone else’s assets or property.

Let a professional and independent agent handle your commercial and general liability insurance requirements and you will have peace of mind knowing you have the right cover and that your business interests are protected.


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Life Insurance for Bethesda, Gaithersburg, Frederick and, Maryland

Is Home Care Included In Life Insurance?

If you have life insurance and are recovering from a surgery, or if you require 24hr professional medical assistance, you may have thought about the possibility of using life insurance to pay for the expenses involved with hiring a home care assistant.

The good news is that this is possible. You can use your life insurance policy to benefit from this kind of service, but only if you can use the insurance in combination with the following options:

  • Viatical settlements
  • Combination products
  • Life settlements
  • Accelerated death benefits

Now, the four options mentioned above don’t sound that great, since we are talking about the end of life period, but they surely are something you need to think about during your life as an adult. Because more and more people – statistically speaking – end their life bedridden. It is not a great image to think about, but it is a reality we all need to learn to accept.

Now, for example, the ADB option is a feature you can include in your life insurance policy to make sure that you are entitled to receive a tax-free advance while you are still alive.

This is necessary because of one main reason: life insurance policies are usually created to help your family deal with the financial challenges they need to face once you pass away. Life insurance is not meant – originally, at least – to be used by you when you are still alive.

You must keep in mind that there are different types of ADBs that are meant to be used in different situations (i.e.: terminally ill, life-threatening diagnosis, if you need home care services for an extended amount of time, and so on).

It is better to decide upon your needs together with your family and your insurance agent.


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Commercial Insurance for Frederick, Gaithersburg, and Maryland

What Type Of Commercial Insurance Do You Need For Your Business?

There are very few better feelings in the world than the one you get when you see your business being born. Positive thoughts, pride and happiness are inundating your mind and soul and for a few days you feel as if you were walking on clouds.

But in the rush, hush and cheer of the moment, don’t forget one of the things that can make or break your business: the commercial insurance.

A lot of business owners from Bethesda, Frederick, Gaithersburg, Maryland, Rockville have unfortunately discovered the drawbacks of not having a business insurance policy. You don’t want to be caught off-guard with something like this; it is a thing that can get you  in debt for a long period of time – to say the least of it.

So make sure you choose one of the five main types of insurance that applies to businesses:

  1.  General liability – the most used and most broad type of business insurance, it offers protection from claims, as well as protection in case of physical damage to others’ property.
  2. Professional liability – this kind of commercial insurance can protect you from financial loss when it is associated with negligence at work.
  3. Property insurance for businesses – whether you own the building where your office is or you work in a rented property, you will have to have some sort of property insurance for your business, as it is required for as long as a property is in your lease.
  4. Auto insurance – you will not need this type of business insurance if you do not own a business car. However, in the USA it is compulsory to have car insurance, so if you have a car, you will also need insurance for it.
  5. Workers’ compensation – probably the most important insurance if you have employers. It is compulsory under state law.

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Homeowners Insurance in Frederick, Gaithersburg, and Maryland

Homeowners insurance that gives you proper coverage

It is important to have the right homeowners insurance protect your substantial real estate investment as well as your contents and valuables. Not all home insurance policies are the same and you need to know what you are covered for and what not.

For proper home insurance advice in Bethesda, Frederick, Gaithersburg, Maryland or Rockville you can contact Lowe-Tillson agency.  They will work closely with you and structure homeowners insurance to match your needs and your budget.

There is more to homeowners insurance than meets the eye. For example does your home insurance cover you for the full replacement value of your property and your possessions? Perhaps your insurance only covers the depreciated amount? Does your homeowner’s policy cover you in the event of a flood? What if a guest is injured on your property and then files a liability claim against you?  There are many more questions like these but you get the point.

It makes sense to speak to the professionals in the insurance field. They understand the details of your homeowners policy and how it relates to your property, your possessions and your lifestyle.  You want the type of home insurance that covers your buildings, your structures, your fixtures and your content. Perhaps you own a valuable collection of paintings or antiques. Such items are not covered by standard home insurance.  They need to be listed separately and insured separately.

Floods are one of the biggest threats to your home and your property. In most cases your homeowner’s policy won’t cover you for flood damage. You need separate flood insurance. What about water damage that is not caused by a flood?  Does your insurance covers you for water damage from a burst pipe or geyser?

Apart from your property you also need to cover yourself in the event of a liability claim. Accidents do happen and we live in a legally aggressive country.  For home insurance good and proper you should contact Lowe-Tillson agency and get the peace of mind knowing that you are covered for the unexpected and life’s mishaps.


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Frederick and Maryland, We Have General Liability Insurance!

General liability insurance is an important part of your risk management

General liability insurance covers you in the event of injury to another person or damage to that person’s property as a result of an accident or mishap involving your business. We live in a legally aggressive society and when an accident happens you could be at the wrong end of the barrel staring down an expensive law suit.

Lowe-Tillson provides professional insurance services and solutions to the people and businesses of Bethesda, Frederick, Gaithersburg, Maryland and Rockville. They also specialise in general liability insurance which will protect your financial interests in the event of a liability claim.

You don’t have to be negligent or at fault to face a liability claim. A freak accident might not be your fault, but when it takes place on your business premises or as a result of your business operations, you could be liable. When you interact with clients and members of the public there is always the risk of an accident of some mishap. This also applies when you deal with a client’s assets, for example your clients money or  computer server.  It also applies if you write or speak about the clients business. If you do something that causes injury or loss to a third party, there is always the risk of a liability suit. In the event of a 3rd party claim you will want general liability insurance from Lowe-Tillson on your side.

They will also provide you with insurance crafted to match your needs and the risks specific to your business. You can even get immediate coverage when you consult with a friendly agent or fill out an easy to use online form. You and your business face many risks and solid commercial insurance including general liability cover is an important part or your risk management and financial protection.


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Workers Comp Insurance and Life Insurance for Frederick and Maryland

Workers comp and life insurance from a trusted source

Every business must have workers comp insurance to protect employees and employers in the event of a work related accident. The law requires employers to purchase workers comp insurance that provides an exclusive remedy for accidents at work, whether someone is at fault or not.

If you have a business in Bethesda, Frederick, Gaithersburg, Maryland or Rockville you can get workers comp insurance from an independent agency such as Lowe-Tillson. They know the ins and outs of workers comp and will assess your risks in order to evaluate your workers compensation needs. This way you get insurance matched to your needs. The amount of insurance you need depends on factor such as accident rates in your industry as well as your own safety track record.

With the right workers comp insurance you know your employees are covered for medical expenses, rehabilitation costs, a percentage of lost wages as well as disability cover. An employee then cannot sue you for greater compensation.

Another important insurance component is life insurance. The fact is life insurance is inexpensive and there is no excuse not to plan for the unexpected. This way you can ensure that your loved ones are taken care of should you no longer be around or able to take care of them. Life insurance comes in two main flavors, namely term life and whole life. Term life will cover your life and disability for the agreed term of the policy. This is a good option if you are starting out and need life cover in case the unexpected happens. Whole life will cover for as long as you pay the insurance premiums. You can also add an investment component, which means your life insurance policy will accrue a cash value over time. You can access this cash value and use it for whatever purpose you need. If you decide to surrender your policy, the cash value will be paid out to you.


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Car Insurance for Frederick, Gaithersburg, and Maryland

Auto and car insurance keeps you protected and mobile

Owning and driving a vehicle is big responsibility that should not be taken lightly. Apart from possible damage your safety and that of others is at stake. It does not matter whether you live or work in Bethesda, Frederick, Gaithersburg, Maryland, or Rockville, the state law requires you to hold a minimum level of auto insurance. Your minimum car insurance will include liability cover and uninsured driver protection. The rest is up to you and your insurance agent. The thing is that a minimum level of auto insurance is not going to cover your real risks.

What if your car is damaged or stolen?  If your car is damaged in a collision it is a different claim than when your car is damaged in some other way, for example due to a storm. What is you are injured and face mounting medical bills? What if urgently need alternative transport while your car is repaired or replaced? What if someone else drives your car and has an accident? What if you need emergency road side assistance? What if you travel out of state or in another country?  What about other vehicles and vessels you possibly own? What is you have a DUI offence?

When it comes to auto insurance there are many questions and there are proper answers.  If you live in the mid-Atlantic region of the East Coast you can get the answers from a trusted independent insurance agent such as Lowe-Tillson.  They have helped countless people from Bethesda to Rockville with suitable, affordable, reliable custom tailored car insurance.

When you have proper auto and car insurance you don’t need to worry about the financial implication of an accident or other unfortunate event. Instead you can focus on your driving without additional worries that relate to inadequate car insurance. This will keep you safer on the roads and help you avoid accidents and other negligent acts that can result from worries and lack of concentration.


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General Liability Insurance for Maryland and Frederick

General liability insurance covers you in the event of a 3rd party civil claim

One of the biggest risks facing a business is that of a liability suit. Whether you operate a business in Bethesda, Frederick, Gaithersburg, Maryland or Rockvill, there is always the risk of an accident, a mishap or some unfortunate event that may result in injury or damage to a 3rd party. The victim can sue you for costs associated with medical bills, hospitalization, loss of income and more.  General liability insurance is there to protect you and your business against lawsuits filed against you by the victim. These liability claims can amount to millions and could financially cripple you if you are not covered.

Insurance for your business is vital, and general liability insurance is a key part of commercial cover and financial protection.  Lowe-Tillson agency helps business owners in towns and cities of    and will arrange proper business insurance for you company whether you operate in Bethesda, Maryland, Rockville or somewhere in between.

Apart from general liability insurance you also need to cover your business assets and protect your financial interests in the event of fire, storm damage, flood damaged and other disasters. You also need cover against criminal acts such as theft, fraud and vandalism. A profession and independent insurance agency will advise you regarding the best asset insurance, commercial property insurance, commercial auto insurance, loss of income protection, workmen’s compensation and other essential insurance policies you need to ensure your financial survival in the face of adversity.

An independent agent looks after your interests and will source and secure the right mix of policies so you are not underinsured or over insured. This way you get the best insurance for your business needs without paying too much or running the risk of inadequate cover.


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Business Insurance for Frederick and Gaithersburg, Maryland

Business insurance to protect your commercial investments

If you operate and manage a business in Bethesda, Frederick, Gaithersburg, Maryland or Rockville the Lowe-Tillson Agency can provide you with quality and cost effective commercial insurance that will safeguard your financial investments. Business insurance is a broad and complex field that is best left to the professionals.

You want to be sure your financial future is safe in face of adversity and misfortunes. As a business owner you face many risks and anyone of them can cause great loss and financial ruin if you do not have adequate business insurance to protect your commercial assets. More specifically you need to be sure your property and assets are covered should some disaster or mishap take place. You want to be insured for the mainstream events such as fire damage, water damage or losses from natural disasters.

Another big component in commercial insurance is liability. You might face a claim from an unhappy client. If another person suffers injury as a result of your or your employee’s negligence, you could face a huge liability claim.  Your need to be sure you have proper and adequate liability insurance to protect your commercial and financial interest.

Accidents and mishaps also happen. In addition to liability cover you need to workmen’s comp to protect you and your employees in the event of a work related accident. Then there are many specialty policies related to commercial insurance. These include cyber insurance, surety bonds, errors and omissions, contractors bonds, commercial auto insurance and so on.

You also need to be sure your commercial insurance is flexible and can grow and adapt as your business grows and changed. Keeping your business insurance current and in-line with your business needs is a sure way to protect your business assets and your financial security.


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Business Insurance for Bethesda, Frederick, and Rockville

Business and cyber insurance protect your physical and online assets

Business insurance is an important safeguard should the unexpected happen. If you manage or own a business in Bethesda, Frederick, Gaithersburg, Maryland or Rockville you want the kind of business insurance that provides coverage for fraud, theft, fire, floods, storm damage, vandalism as well as protection against liability claims and medical expenses as result of accidents and injury. General Liability Insurance is a comprehensive all in one policy that provides the aforementioned coverage. You can find this type of all-purpose business insurance at Lowe-Tillson Insurance & Associates.

Workers comp insurance is another important branch of business insurance and will cover you and your staff in the event of a work related accident or mishap. Accidents can involve huge medical bills and liability claims so you need to be sure you and your employees are adequately covered if some unfortunate event causes injury at work.

We now live in a connected world where information flows in and out of connected devices and around cyberspace and this carries its own unique risks. What if a virus brings down you desktop or notebook or worse your whole network?  Can you get compensated for down time and lost work? There are many other technology related issues and risks including virus attacks, denial-of-service, data loss, credit card losses and so forth.

Cyber Insurance is still very much like a box of smarties and there are no clear guidelines and rules. Cyber insurance also goes by many names including hackers insurance, data insurance, e-commerce insurance and so on. Your general liability insurance might cover your physical computers but the real investment and cost is related to your programs and data that is needed for online business. Are you covered for loss of data, downtime and loss of service?

It is best to talk to an insurance professional who can advise as to what whether you general liability insurance covers your online risk or if you need a separate cyber insurance policy.


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Insurance for Maryland, Rockville, Bethesda, and Gaithersburg

Why buy an insurance policy?

Keep your quality of life, and offer tranquility are some of the benefits that offers an insurance policy where ever you are, even in Bethesda, Frederick, Gaithersburg, Maryland or Rockville. But, what else you should know?

An insurance policy is the document that refers to the insurance contract concluded by the insured. The policies contain two sections: terms and conditions. It is very important to read all the clauses contained therein for having complete information of their terms and conditions.

It reflects the general rules, in private or special form, that govern the contractual relationship agreed between the insurer and the insured.

When thinking about concluding an insurance policy, it is common to be reluctant because we have little or no information. This has caused our heritage to be highly vulnerable: earthquake, fire, theft, are latent threats that in any time can end goods collected during years of effort. Therefore, it is worthwhile to delve into the issue and reconsider whether to acquire some means of protection. The insurance policy is most important thing when concluding it, it is your paper protection that everything you’ve concluded will be offered to you.

Remember that the insurance is a financial mechanism whose purpose is to protect your assets, give you reassurance and support, and gives you power in the event that you suffer an accident or incident. In other words, the money paid for the insurance represents an investment in our security and tranquillity in an unfortunate situation. If today’s technology offers you to buy insurance online, it is best that before doing this you call or visit the insurer so you can read exactly what your policy contains, because many times it is not clear trough this service, everything your contract contains.

Given that a question arises: do we really should acquire an insurance policy? Of course, you must see the future benefits and maintain a culture of prevention in your life. The most important thing is you and your safety, so do not hesitate.


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Life Insurance for Bethesda, Rockville and Around Maryland

Life insurance and general liability insurance for your peace of mind

When it comes to personal cover, life insurance and general liability insurance are two very important policies you must have in your portfolio. Lowe-Tillson Insurance & Associates helps the people and businesses in Bethesda, Frederick, Gaithersburg, Maryland and Rockville with these and other trusted and best value insurance policies

Life Insurance not only gives you peace of mind that your wife and children will be taken care of when you are no longer able to care for them, but also gives you financial protection in the event of disability or serious illness.

There are many plans to suit your specific needs, including term life, whole life and investment plans. Life insurance is not expensive and there is no reason why you should not be covered in the event of death or disability. If you simply need cover for a specific period of time then term life insurance will be a good option.  If you want an investment component and a cash benefit down the road, a whole life policy with and investment component will be suitable option.

General liability insurance is a comprehensive plan that can protect your property, your business and also provides cover for personal injury and liability claims against you or your business. This way you as the insured party is protected from the negative outcome of lawsuits and claims against you. If such a claim falls within the ambit of your liability policy, the underwriter or carrier will settle the claim, saving you thousands or even millions of dollars.

General liability insurance is available to individuals and businesses alike and offers blanket protection for a range of risk and liabilities. So whether you are a doctor, lawyer, accounting firm or restaurant, you can get comprehensive cover from liability insurance.


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