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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Have New Jewelry in the House? Protect it!

The Holiday’s may be over and Valentine’s Day is approaching, and while it may be cold outside love is still in the air. Well, love and a few other things perhaps, such as new jewelry.

It’s exciting to receive jewelry from a loved one – or to give it as a gift. Not to mention it’s romantic. But if you’re lucky enough to have some new jewelry in your home, you should take a few minutes to think about something you probably don’t find exciting or romantic: Insurance.

Don’t know where to turn? Don’t worry. We think it is exciting to help our customers protect what’s most important to them – so we’re ready to help and can answer all of your questions.

Things to consider when insuring jewelry:

  • The first thing to consider is that you may need to purchase additional coverage. Your homeowners policy covers valuable items such as jewelry but only up to set amounts as stated in the policy. If the cost of replacing your jewelry exceeds that limit, you will want to purchase scheduled personal property coverage. You can simply check your policy or give us a call.
  • You might want to reconsider your deductible amounts. As always, this impacts your policy premium. It’s a good idea to take a look at your deductibles whenever you make a change to your policy.
  • Do you need an appraisal? You may need to have an independent appraisal if the insurance company requires it or if you don’t know the value of your jewelry. Each item should be listed with a description and value on paper.
  • What kind of coverage is offered? You’ll want to determine if items are covered no matter where they are, like here at home, or on an international trip, and if the policy offers full replacement cost. You also should ask if you will be required to replace your jewelry if lost or stolen, or if you can simply keep the cash settlement.
  • Pictures can be helpful. Lost or stolen pieces of jewelry sometimes can be recreated if the jeweler has a good photograph to work from.
  • Should I go with a company that specializes in jewelry insurance? There are companies that specialize in jewelry insurance. Whether you choose one of these, or a company that we represent, you’ll want to know they are reputable and stable.
  • Is the value of your jewelry mainly sentimental? Is an item irreplaceable? If the answer to either of these questions is “yes,” you might consider foregoing insurance. But please, talk to us at before making that decision. That’s what we’re here for.
  • Of course, it’s important to store your jewelry securely when it’s not in use; a safe in your home or a safe-deposit box is best. We want your jewelry to be replaced if it’s lost or stolen, but we’d rather your sentimental and valuable pieces stay with you and your family for years to come.

    Here’s hoping your special days are full of fun and romance. And if there’s no jewelry involved, well, there’s always next year!


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    Personal Umbrella – The Ultimate Armor for Today’s World

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    A personal umbrella policy is sometimes misunderstood. That’s unfortunate because the personal umbrella is an insurance “best buy”. It is inexpensive and does its job well. Let’s take a look at just what this policy does, determine if you need one, and decide if it’s worth it to purchase a policy for yourself. We’ll look at factors that set the cost of a personal umbrella. And finally, give you a few tips to keep in mind when personal umbrella shopping.

    What is a Personal Liability Umbrella Policy?

    The personal umbrella is a form of liability insurance. A great deal of confusion is eliminated if the word “liability” is inserted between the words “personal” and “umbrella”. That means it protects you from bodily injury and property damage for which you are legally liable.

    I will use the term personal umbrella. But just remember it is a form of liability insurance. Some consumers believe it is a catch all policy that insures property. Not so!

    A personal umbrella “floats” over your other liability policies. For example, let’s suppose your automobile insurance limits are $300,000 per person/ $300,000 per accident /$300,000 property damage. If you invest in $1,000,000 personal umbrella policy you will have increased your auto liability protection by $1,000,000. So now you have auto liability protection of $1,300,000.

    A key benefit is it gives you an extra layer of protection over all your policies with liability coverage. Your homeowners, renters, auto, boats, motorcycles, second home, etc. will now have an extra layer of suit protection. That is why it is called an “umbrella” policy.

    The most common personal umbrella limit is $1,000,000. However, more families are deciding that a $1,000,000 limit is not enough protection in today’s litigious society. So consumers are buying personal umbrella policies with higher limits. Limits up to $10,000,000 are available.

    Do I need an umbrella policy?

    When I hear that question from clients, my answer is, “Probably”. You can determine if you need an umbrella policy by answering three questions:

    • Do you earn a pay check?
    • Do you own anything?
    • Do you want to keep what you own and your full pay check?

    These questions may sound a bit silly, but I am being very frank. You see, when an attorney is seeking damages, he will take what he can get for his client. That means your personal assets and your future earnings are on the line when you are sued. If you have no assets, once an attorney gets a judgment, he will use a garnishment to get to your future earnings.

    So the question you must decide is can I get rid of this risk? A personal umbrella is a giant step in eliminating the risk of attorney fees and a large judgment against you.

    Is an umbrella policy worth it?

    Your appetite for risk will determine if a personal umbrella is worth the peace of mind it provides. Let’s explore this question a little more. A journalist, who claims to be a financial planner, recently wrote that since only a small percentage of lawsuits were over a $1,000,000 dollars she did not think it was necessary for the average family to consider an umbrella liability policy.

    It is true that most lawsuits are under $1,000,000. However, the number of large lawsuits is growing. And if you happen to be the unfortunate one to be sued for a large amount, the financial and emotional impact is devastating. Think of it this way… the number of policemen shot on duty is small, but does that justify a policeman not wearing their bullet proof vest?

    The other issue is attorney fees. Recently, a client suffered a judgment of $500,000 but the attorney’s fees were $300,000. Excessive? Not when you consider the client was sued for $3,000,000 and the defense was complicated and involved numerous specialists. A personal umbrella will pay the judgment and attorney costs.

    Most professional financial planners advise you to pass the risk of a large personal loss to an insurance company. So they recommend purchasing a personal liability umbrella. They say it’s worth it.

    The personal liability umbrella is a good risk management technique for most of my clients. Personal umbrellas provide high limits of protection for an inexpensive price.

    How much does it cost?

    Cost is an important consideration when shopping for a personal umbrella policy. The price varies depending on the exposure to risks. For example, if you have a home with a pool, two cars, young drivers, a boat, a motorcycle and vacation home, you have more exposure to lawsuits than a family with a home, and two cars. So the family with more toys will pay more for a personal liability umbrella policy. It is really that simple.

    Prices for a personal umbrella insurance policy are amazingly affordable. The family with two cars and a home will likely pay between $200 and $300 a year for a $1,000,000 policy.

    What else do I need to know when shopping for a Personal Liability Umbrella policy?

    • You cannot pick and choose what exposures you want covered. For example, if you own a boat you cannot exclude it from coverage under a personal umbrella policy.
    • The company issuing your personal umbrella policy may require you to raise the underlying liability limits on some of your policies, if those limits are too low.
    • Some companies will write a personal umbrella policy even if they do not write your underlying policies.
    • Most personal umbrellas do not cover business risks of any kind.

    The personal umbrella policy is widely available and is an inexpensive risk management tool. It allows you to manage your risk in our changing world.


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    Protect Your Family From the Dangers of Carbon Monoxide

    With winter weather affecting us all in our attempts to remain comfortable, it’s also the time of year which presents the greatest risk for an invisible threat. Carbon monoxide is an odorless, colorless, invisible gas that results when certain fuels do not burn completely. And it can be deadly. That’s why it’s important to know how to prevent it, detect it, and protect yourself and your family from its effects. In the home, carbon monoxide is most commonly formed by flames and heaters, as well as vehicles or generators that are running in an attached garage. As temperatures drop and more people are cranking the heat and hovering over the stove inside and warming up the car’s engine before hitting the road, it’s especially critical to ensure your family’s safety against this lethal gas. Since carbon monoxide cannot be detected without a carbon monoxide detection device, it is essential to install and maintain one or more detectors in your home.

    Detector Tips For Safeguarding Your Household

    • The International Association of Fire Chiefs recommends a carbon monoxide detector on every floor of your home, including the basement. A detector should be located within 10 feet of each bedroom door, and there should be one near or over any attached garage.
    • Each detector should be replaced every five to six years.
    • Battery-only carbon monoxide detectors tend to go through batteries more frequently than expected. Plug-in detectors with a battery backup (for use if power is interrupted) provide less battery-changing maintenance.
    • Thoroughly read the installation manual that comes with the individual detector you purchase. Manufacturers’ recommendations differ to a certain degree based on research conducted with detectors for specific brands.
    • Remember that carbon monoxide detectors do not serve as smoke detectors and vice versa. You can, however, purchase a dual smoke/carbon monoxide detector that can perform both functions.
    • Do not install carbon monoxide detectors next to fuel-burning appliances, as these appliances may emit a small amount of carbon monoxide upon startup.

    In Case Of Exposure We hope you never have to use the following tips from the Mayo Clinic, but please read on for good information that could help save a life. If you suspect that you or someone you know has been exposed to carbon monoxide, check for the following symptoms:

    • Dull Headache
    • Weakness
    • Dizziness
    • Nausea
    • Vomiting
    • Shortness of Breath
    • confusion
    • Loss of Consciousness

    If any of the symptoms exist, move the individual into fresh air and seek emergency medical care immediately.


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    Halloween Safety Tips

    Halloween is an exciting time of year for kids, and to help ensure they have a safe holiday, here are some tips from the American Academy of Pediatrics (AAP).

    All Dressed Up:

    • Plan costumes that are bright and reflective. Make sure that shoes fit well and that costumes are short enough to prevent tripping, entanglement or contact with flame.
    • Consider adding reflective tape or striping to costumes and Trick-or-Treat bags for greater visibility.
    • Because masks can limit or block eyesight, consider non-toxic makeup and decorative hats as safer alternatives. Hats should fit properly to prevent them from sliding over eyes.
    • When shopping for costumes, wigs and accessories look for and purchase those with a label clearly indicating they are flame resistant.
    • If a sword, cane, or stick is a part of your child’s costume, make sure it is not sharp or too long. A child may be easily hurt by these accessories if he stumbles or trips.
    • Obtain flashlights with fresh batteries for all children and their escorts.
    • Do not use decorative contact lenses without an eye examination and a prescription from an eye care professional. While the packaging on decorative lenses will often make claims such as “one size fits all,” or “no need to see an eye specialist,” obtaining decorative contact lenses without a prescription is both dangerous and illegal. This can cause pain, inflammation, and serious eye disorders and infections, which may lead to permanent vision loss.
    • Teach children how to call 9-1-1 (or their local emergency number) if they have an emergency or become lost.

    Carving a Niche:

    • Small children should never carve pumpkins. Children can draw a face with markers. Then parents can do the cutting.
    • Consider using a flashlight or glow stick instead of a candle to light your pumpkin. If you do use a candle, a votive candle is safest.
    • Candlelit pumpkins should be placed on a sturdy table, away from curtains and other flammable objects, and should never be left unattended.

    Home Safe Home:

    • To keep homes safe for visiting trick-or-treaters, parents should remove from the porch and front yard anything a child could trip over such as garden hoses, toys, bikes and lawn decorations.
    • Parents should check outdoor lights and replace burned-out bulbs.
    • Wet leaves or snow should be swept from sidewalks and steps.
    • Restrain pets so they do not inadvertently jump on or bite a trick-or-treater.

    On the Trick-Or-Treat Trail:

    • A parent or responsible adult should always accompany young children on their neighborhood rounds.
    • If your older children are going alone, plan and review the route that is acceptable to you. Agree on a specific time when they should return home.
    • Only go to homes with a porch light on and never enter a home or car for a treat.
    • Because pedestrian injuries are the most common injuries to children on Halloween, remind Trick-or Treaters:
    • Stay in a group and communicate where they will be going.
    • Carry a cell phone for quick communication.
    • Remain on well-lit streets and always use the sidewalk.
    • If no sidewalk is available, walk at the far edge of the roadway facing traffic.
    • Never cut across yards or use alleys.
    • Only cross the street as a group in established crosswalks (as recognized by local custom). Never cross between parked cars or out driveways.
    • Don’t assume the right of way. Motorists may have trouble seeing Trick-or-Treaters. Just because one car stops, doesn’t mean others will!
    • Law enforcement authorities should be notified immediately of any suspicious or unlawful activity.

    Healthy Halloween:

    • A good meal prior to parties and trick-or-treating will discourage youngsters from filling up on Halloween treats.
    • Consider purchasing non-food treats for those who visit your home, such as coloring books or pens and pencils.
    • Wait until children are home to sort and check treats. Though tampering is rare, a responsible adult should closely examine all treats and throw away any spoiled, unwrapped or suspicious items.
    • Try to ration treats for the days following Halloween.

    Source: aap.org


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    Stay Safe On That Hayride

    7 Tips for Fall Fun Safety

    There’s perhaps nothing that more embodies fall than heading down to the local pumpkin patch. You can pick out the perfect gourd for carving, purchase apple cider and donuts, wander through a corn maze and hop on a hayride. Seriously, who doesn’t enjoy riding through a farm or orchard while sitting on a bale of hay? Surprisingly, when searching for hayride safety tips online, few articles are found. The best resource seems to be from the Haunted House Association, is written for operators, but we can easily apply their recommendations as safety tips for riders.

    • Follow the posted rules. A reputable business operating a hayride should have posted rules, probably near the waiting area or cash register. Read them, and take some time to explain them to your children.
    • Listen to ticket takers, attendants and operators. These people not only know the rules of the hayride, but are also probably reciting them. They will correct anyone they see doing something wrong.
    • Do not stand on the ride. Once the ride starts, don’t stand, plain and simple. Hay can be slippery, and a moving wagon is not a stable surface to stand on.
    • Do not throw the straw. This seems kind of innocent yet can be another unsafe behavior as it can lead to others throwing hay and turn into a hay throwing bonanza.
    • Do not use cameras or other devices that will distract you. You may really want to take a quick photo of your family on the hayride to post on Facebook. Please don’t. While the ride is moving, it’s important to keep your focus on the ride.
    • Hold on. It’s one simple way to help ensure you won’t fall off the ride.
    • Keep arms and legs inside the wagon. You don’t know the trail the wagon will travel. There might be some tight spaces. Keeping your arms and legs inside the wagon will help make sure nothing hits you.

    It’s a lot of common sense, but it’s easy to get caught up in the fun and forget the rules. And hayrides are a lot of fun – more so when everyone is safe. Please take care and enjoy all that fall has to offer safely.


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    Personal Umbrella – The Ultimate Best Buy

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    A personal umbrella policy is sometimes misunderstood.. That’s unfortunate because the personal umbrella is an insurance “best buy”. It is inexpensive and does its job well. Let’s take a look at just what this policy does, determine if you need one, and decide if it’s worth it to purchase a policy for yourself. We’ll look at factors that set the cost of a personal umbrella. And finally, give you a few tips to keep in mind when personal umbrella shopping.

    What is a Personal Liability Umbrella Policy?

    The personal umbrella is a form of liability insurance. A great deal of confusion is eliminated if the word “liability” is inserted between the words “personal” and “umbrella”. That means it protects you from bodily injury and property damage for which you are legally liable.

    I will use the term personal umbrella. But just remember it is a form of liability insurance. Some consumers believe it is a catch all policy that insures property. Not so!

    A personal umbrella “floats” over your other liability policies. For example, let’s suppose your automobile insurance limits are $300,000 per person/ $300,000 per accident /$300,000 property damage. If you invest in $1,000,000 personal umbrella policy you will have increased your auto liability protection by $1,000,000. So now you have auto liability protection of $1,300,000.

    A key benefit is it gives you an extra layer of protection over all your policies with liability coverage. Your homeowners, renters, auto, boats, motorcycles, second home, etc. will now have an extra layer of suit protection. That is why it is called an “umbrella” policy.

    The most common personal umbrella limit is $1,000,000. However, more families are deciding that a $1,000,000 limit is not enough protection in today’s litigious society. So consumers are buying personal umbrella policies with higher limits. Limits up to $10,000,000 are available.

    Do I need an umbrella policy?

    When I hear that question from clients, my answer is, “Probably”. You can determine if you need an umbrella policy by answering three questions:

    • Do you earn a pay check?
    • Do you own anything?
    • Do you want to keep what you own and your full pay check?

    These questions may sound a bit silly, but I am being very frank. You see, when an attorney is seeking damages, he will take what he can get for his client. That means your personal assets and your future earnings are on the line when you are sued. If you have no assets, once an attorney gets a judgment, he will use a garnishment to get to your future earnings.

    So the question you must decide is can I get rid of this risk? A personal umbrella is a giant step in eliminating the risk of attorney fees and a large judgment against you.

    Is an umbrella policy worth it?

    Your appetite for risk will determine if a personal umbrella is worth the peace of mind it provides. Let’s explore this question a little more. A journalist, who claims to be a financial planner, recently wrote that since only a small percentage of lawsuits were over a $1,000,000 dollars she did not think it was necessary for the average family to consider an umbrella liability policy.

    It is true that most lawsuits are under $1,000,000. However, the number of large lawsuits is growing. And if you happen to be the unfortunate one to be sued for a large amount, the financial and emotional impact is devastating. Think of it this way… the number of policemen shot on duty is small, but does that justify a policeman not wearing their bullet proof vest?

    The other issue is attorney fees. Consider for a moment suffering a judgment of $500,000 with attorney’s fees of $300,000. Excessive? Not if you consider it is wholey possible to be sued for $3,000,000 and have a complicated defense involving numerous specialists. A personal umbrella would pay the judgment and attorney costs.

    Most professional financial planners advise you to pass the risk of a large personal loss to an insurance company. So they recommend purchasing a personal liability umbrella. They say it’s worth it.

    The personal liability umbrella is a good risk management technique for most people. Personal umbrellas provide high limits of protection for an inexpensive price.

    How much does it cost?

    Cost is an important consideration when shopping for a personal umbrella policy. The price varies depending on the exposure to risks. For example, if you have a home with a pool, two cars, young drivers, a boat, a motorcycle and vacation home, you have more exposure to lawsuits than a family with a home, and two cars. So the family with more toys will pay more for a personal liability umbrella policy. It is really that simple.

    Prices for a personal umbrella insurance policy start at $125 annually. The family with two cars and a home will likely pay between $180 and $250 a year for a $1,000,000 policy.

    What else do I need to know when shopping for a Personal Liability Umbrella policy?

    • You cannot pick and choose what exposures you want covered. For example, if you own a boat you cannot exclude it from coverage under a personal umbrella policy.
    • The company issuing your personal umbrella policy may require you to raise the underlying liability limits on some of your policies, if those limits are too low.
    • Some companies will write a personal umbrella policy even if they do not write your underlying policies.
    • Most personal umbrellas do not cover business risks of any kind.

    The personal umbrella policy is widely available and is an inexpensive risk management tool. It allows you to manage your risk in our changing world.


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    Pros and Cons of Higher Deductibles for Auto, Home and Business Insurance

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    As insurance costs rise, more individuals, families and businesses are looking at using higher deductibles. Choosing the right insurance deductible is important and it does take some thought.

    There are advantages and disadvantages to increasing your deductibles. So here are some things to consider before you make a decision to increase your personal or business insurance deductibles. First, let’s take a look at individual and family considerations and then we’ll look at business considerations.

    The idea behind insurance is to save you from a catastrophic loss from which you cannot recover. This sounds reasonable but it does not mean everyone should use high deductibles. For example, if you are elderly and living on a fixed income, high deductibles are not likely a good choice. Especially, if your savings are limited. This may be true for younger insurance buyers, too. If you have no savings or the ability to borrow, you should consider a low to moderate deductible.

    In addition, you must consider the worst case scenario before choosing a deductible. When a catastrophic event occurs, it may involve your home and your auto. Can you stand the financial impact of two large deductibles for the same occurrence? If not look for a policy that only charges one deductible if both your home and auto are involved in the same claim.

    If your circumstances allow you to consider a larger deductible, here are the advantages and disadvantages:

    Advantages

    • Higher deductibles reduce your insurance costs.
    • Allows you to self insure minor claims.
    • Improves your cash flow.
    • Removes the temptation to turn in small claims, which can result in larger premiums and can lead to policy cancellation.

    Disadvantages

    • You may not have the financial ability to pay for a larger loss out of your pocket.
    • Sometimes claims take a while to settle, so you may be forced to fund more than just the deductible on a temporary basis if your claim requires immediate repairs.

    Buying Tip: Most insurance companies have a “sweet spot” regarding deductibles. You may find that a $2,500 deductible has less impact on your premium than a $1,000 deductible. Request pricing using several deductible options, that way you can determine the best value.

    Business Insurance and Deductibles

    A business may have more deductible options than are available to personal insurance buyers. A business may also have more flexibility in using large deductibles. Evaluating how to use large deductibles to manage business insurance premiums takes some planning. Here are the advantages and disadvantages for the business use of high deductibles.

    Advantages

    • Allows you to self insure and manage smaller nuisance claims.
    • Large deductibles allow flexibility. If your business buys several types of insurance policies, you can use large deductibles on just the policies and exposures you choose.
    • If you use very large deductibles, you get the advantages of self insurance without the regulatory burden many states apply to business self insurance programs.
    • You can use large deductibles to weather the dramatic swings in business insurance pricing which occur on a cyclic basis.
    • You can use large deductibles to control premiums after a large loss. If your business suffers a large claim and your premiums for that line of exposure have risen dramatically, use a large deductible to control or reduce the increase in premium.
    • Large deductibles can increase your cash flow by lowering your insurance premiums.

    Disadvantages

    • You can’t expense off a premium you did not pay, but you may be able to deduct your share of a large loss from your taxes.
    • A large loss when your cash flow is slim can use up your reserves or force you to borrow.
    • Some large commercial claims can take so long to settle that the claim process can impact your cash flow. I suggest being very cautious about putting large deductibles on liability lines of insurance for this reason.
    • Beware that some contractual relationships, such as leases and construction contracts, may limit the size of the deductible you are allowed to use on insurance related to the contract.

    Buyer Tip: You may have a hidden deductible about which you are unaware. It is called co-insurance. Many commercial insurance policies contain a co-insurance clause. Co-insurance requires that you insure to value as agreed to in the policy. If you do not, your claim settlement will be substantially less than you expected after the co-insurance penalty and deductible are applied.

    Large deductibles do have advantages…but not for everyone. You must evaluate your situation to determine the advantages right for your family or business.


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    Auto Insurance State Minimums Probably Aren’t Near Enough

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    There are a wide variety of silly and somewhat funny things we can do from time to time, like telling people that dihydrogen monoxide is coming out of the sink (dihydrogen monoxide is the chemical name for water), but one thing you should avoid falling for as a consumer is being told that carrying only the state mandated minimum coverage is adequate auto insurance protection.

    In an auto accident, drivers can be legally liable for their passengers’ injuries. While most states have mandatory minimum limits of liability required of all drivers, many of these requirements may not be sufficient in covering injuries sustained in an auto accident. In some states, this required amount may be as little as $25,000 per person and $50,000 total for all injuries in an accident – which may not be enough when you consider the severity of certain injuries and the number of passengers that could be involved. Remember that this limit also applies for all injuries caused by an accident for which you are liable, including passengers of other cars.

    So what are the right limits? Like many answers… It depends. Everyone’s situation is different, but as an independent insurance agency we can help you understand what issues you should consider when evaluating what liability limits to purchase.

    For Instance:

    1. How much would it take to compensate a victim? If you were to cause a severe, life altering injury to someone, consider how much money it would cost over time to compensate them. It’s likely higher than $25,000.
    2. What assets do you have and what is your net worth? Think about your home, your car, savings, investments, etc. Having adequate insurance to protect these assets is something you should consider.

    Naturally you might wonder if increasing your liability limits will increase the price of your insurance premiums. While you’ll pay more for the additional coverage, it’s likely that it won’t be very much to raise your liability limits, and in the long run it offers you more financial protection. You may be able to offset some of those expenses by raising your deductible or through other discounts. This is where we can help identify the different options available to you.

    There is no definitive rule of thumb for making sure you have “enough” insurance but it’s important that you feel comfortable with the amount you have, because nobody likes to be made a fool of when it comes to an insurance claim.

    Source: trustedchoice.com


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    Are Car Insurance Ads Mind-Boggling to You?

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    Well, do not feel bad, you are not alone. Car Insurance ads are mind-boggling. Most of them are based on price, then price, and lastly, price. Frankly, it is not that simple.

    I am sure you have heard the phrase, “A rose is a rose is a rose is a rose”. Gertrude Stein wrote this in her 1913 poem from called Sacred Emily. When it comes to insurance the phrase should read, “A rose is not a rose is not a rose”. Not all insurance is created equal. You have also probably heard the phrase, “If it sounds too good to be true, it probably is”. This is true of auto insurance.

    Most people want a good deal. When you hear the TV shout, “You could save up to 40% on your car insurance”, it gets your attention. Most people do not hear the word “could”.

    We usually hear what we want to hear. We do not like paying for insurance but we have to have it by law. We have to have it to protect ourselves. So why not pay the lowest possible premium?

    What is interesting is that experienced independent insurance agents “can also save you up to 40% on car insurance”. They can evaluate and guide you into building a policy that best protects you while still saving you money. Everyone’s protection needs are not the same. So purchasing a cookie cutter policy is probably not going to provide the protection you need. The worst time to find this out is after a claim.

    Let’s look at an example. John Q. Driver needs auto insurance. He drives a company car so he only needs insurance on his personally owned car. So he contacts BuyCheapInsurance.com and gets a quote. Being the smart shopper John is, he gets other quotes to compare. Therefore, he contacts his agent and directs him to quote with the same benefits. BuyCheapInsurance’s premium is $85 per month. The independent agent’s quote is $100 per month. Sounds like BuyCheapInsurance.com did just what they said they would do and saved him 15%, right?

    A month later, John has an accident in his company vehicle. The company insures that vehicle, so no problem right? Wrong. You see, the insurance that his employer provides on the company car only protects the owner of the vehicle, not John. For example, the party that John injures hires an attorney and sues his company and John. After all, John was driving right? His company’s insurance repairs the other party’s car, repairs the company car, and pays damages to the injured party. It does not protect John personally; however, the plaintiff’s law firm wants more money for their client. Who is left to sue? That’s right, John. John bought insurance on his personal car. However, John needed an endorsement called “extended non-owned” on his personal auto insurance policy. This endorsement covers John personally for the non-owned company car he was driving.

    How was John to know he needed this endorsement? That is where an experienced independent agent may have helped. If he had called the agent and taken advantage of their expertise, he would have been advised he needed that endorsement which probably would have cost him an additional $2 per month. Does John feel like he got a good deal with BuyCheapInsurance.com now?

    In addition, if John would have spent a little time speaking with the professional agent and allowed the professional independent agent to evaluate all his personal insurance needs, his auto premium would have likely been less than the $85 per month he received from BuyCheapInsurance.com. By providing an insurance package for his home and auto, the agent could have applied all the discounts John was unaware of, and received a lower premium on both his home and auto.

    The moral of the story is what John already knew. “A rose is not a rose is not a rose”, and “if it sounds too good to be true, it probably is”. One more rule of thumb to consider when looking for personal insurance, “The more questions an agent asks, the better”. Why? They are looking for ways to earn you discounts while looking for potential gaps in coverage you do not even know exist. So take advantage of an experienced agent’s knowledge and expertise. It will likely save you premium dollars with no gaps in coverage.


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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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