We Sell Maryland Farm Insurance

February 6, 2020February 6, 2020 / Nadja Maril / Leave a comment

Whether your farm is large or small, you’ll want to protect your investment with the right kind of farm insurance.

Standard coverages available under a farm policy include property damage coverage and liability coverage.

Property damage coverage protects your farmhouse, outbuildings or household belongings if they are damaged or destroyed by the unexpected consequences of a fire, hail storm or tornado .
Liability coverage pays for damages if you unintentionally cause injury to another person, or if you unintentionally cause another person’s property to be damaged or destroyed .

Farm machinery, crops, livestock– can all be insured in a number of different ways.

IF you have employees working on your farm, you may need to purchase workers’ compensation coverage . To be certain you obtain proper coverage and an accurate quote, you should have a list of all your employees, their titles and a description of the work they perform, as well as the number of hours they work and the wages they earn, with a summary reflecting the total number of employees and the total payroll .

More and more farmers are turning to agri-tourism. If your business includes these types of operations, make certain you have the appropriate type of insurance and the appropriate amount of liability coverage to protect you in the event someone becomes sick or injured while on your property .

If you operate businesses at your farm, including a farm stand, hayrides, pumpkin patches or corn mazes or you host events such as parties or weddings– you may need a business policy as opposed to a farmowners policy . If you sell particular products, such as jams, pies, fruits or vegetables, consider purchasing a policy to provide you with product liability coverage . The best way to be certain you have the proper insurance in place and to protect yourself against losses before they happen is to have your insurance agent walk around with you to inspect it and discuss in detail your farm operations .

Remember it is important to conduct periodic self-assessments to evaluate any safety risks. Your insurance agent can help provide the professional resources to help you assess risk.

Today’s farmers and agri-business owners need a suite of insurance products designed to protect their hard-earned investments. At Crilly Insurance, we can provide the coverages you need.

We can provide you with affordable Farm Insurance solutions. Call us at 410-571-1771 for a full evaluation of your Farm Insurance needs.

David L. Smith Part of the Crilly Insurance Team

January 24, 2020January 24, 2020 / Nadja Maril / Leave a comment

When the Crilly Agency based in Anne Arundel County acquired the David A. Smith Nationwide Agency located in Catonsville at 922 Frederick Road, they also gained several valuable employees. One of them is David L. Smith. David has been an insurance professional for over 27 years. He joined the Crilly Agency in 2019 when the David A. Smith Agency became part of Peter B. Crilly & Associates Ltd. David considers the most important aspect of his job to be listening to customers. “Whether it’s auto insurance, homeowner’s insurance, life insurance, commercial insurance, or a 401k/IRA account, I take pride,” he says, “In alleviating my client’s concerns by showing them how to protect themselves through our large selection of insurance products.”

A Commercial Line Coverage Specialist (CLCS), he holds licenses in property & casualty, Life & health, and Financial products( Series 6). “Each case is completely different,” he explains when describing his attraction to selling commercial policies. “I like the challenge of finding the best coverage for each client.”

When it comes to buying insurance, David would like customers to know that the key to success is finding an agent who is willing to take the time to understand your situation, explain how best to cover your needs and to implement cost-effective coverage that meets or exceeds your expectations. Even after a policy is purchased, a good agent will continue to monitor the policy status and be prepared to offer new products when appropriate.

A Baltimore native, David with his wife Karen and their two sons reside in Ellicott City, which David loves for its family-friendly atmosphere. David is a devoted Howard County softball player as well as an umpire for adult Softball and Kickball leagues. A Dallas Cowboys season ticket hold and super fan, he also collects classic (1992-present) pinball machines.

What’s NOT Included in Your Homeowner’s Policy

June 3, 2019June 4, 2019 / Nadja Maril / Leave a comment

Photo by Milly Eaton on Pexels.com

Homeowner’s insurance protects your property, your investment, and your future, but not all coverage is automatically included in a standard homeowner’s insurance policy. At Peter B. Crilly & Associates, we take the time to explain to our clients what is covered in a standard homeowner’s policy. Some types of risks, such as liability or flood, can be protected, by purchasing additional coverage or an additional policy. Damages that arise from maintenance issues, due to poorly maintained property are not covered by homeowner’s insurance.

It’s important to fully understand what your homeowner’s insurance policy covers and what it doesn’t cover. Taking the time to review your policy now, can save you a substantial amount of money later.

1) True Value of the Structure: The dollar amount of value of a homeowner’s policy should reflect the entire value of the buildings on the property. In the event of a complete loss, a fire for example, you will still have the land; but what will it cost to replace the house, garage and any other structures on the property? In the case of a partial loss, if your building is underinsured by more than 80%, your claim will be reduced by that amount. Thus, if you have a kitchen fire and your house was only insured for 70% of its true replacement value and it costs $20,000 to make your kitchen repairs, your will only receive a check for $14,000 because 30% will be deducted.

2) Replacement Value: Make certain both building and contents are fully insured for replacement value. Otherwise, in the case of a loss, items will be depreciated based on age. Furniture that is ten years old will be valued at a lower amount than new furniture, unless your policy specifically states you are covered for the cost of replacement.

3)Maintenance of Your Home:Many things that aren’t covered under your standard policy typically result from neglect and a failure to properly maintain the property. If your roof has worn out, it is your responsibility to replace it. General wear and tear on a building are not covered. Rotting sills, cleaning and repairing gutters, replacing damaged stonework and wood is all the responsibility of the homeowners. Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered. Taking proper care of your home can keep you from having to pay for costly repairs your homeowners insurance won’t cover. Damage caused by smog or smoke from industrial or agricultural operations is also not covered.

4) Liability Protection: Make certain you have enough liability coverage in your policy to protect you if someone gets hurt, coverage that will protect your from excessive legal bills or medical claims. You’ll want to have at least $300,000 worth of protection and preferably $500,000 of protection. An umbrella policy that covers liability related to both your home and your auto provides an added level of protection. Ask your insurance agent about Umbrella Insurance.

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5) Water Damage and Earthquakes: Earthquakes, sinkholes and other earth movements are not covered by your standard policy. Water back-upis an additional protection that can be added to your homeowner’s policy, and this coverage is a good idea. If you have overflows or backups from your sump pump, sewer system or drains, your standard policy will not cover the damage. Coverage is available, however, by adding a separate endorsement. Flood insurance, which also includes mudflow, must be purchased as a separate policy and is available only through the government-run National Flood Insurance Program. At Peter B. Crilly Insurance we can sell you Flood Insurance.

6) Valuable property – firearms, furs, musical instruments, watches, silverware, and gold.A standard policy provides $1,000 for theft of jewelry but you can purchase additional insurance if you take the time to list your items and get appraisals for cost of replacement. If you have valuable equipment, antiques, musical instruments, silver, watches, coins or other special items; the amount of coverage in a standard homeowner’s policy will be limited. Discuss with your insurance agent, the option of purchasing additional coverage for listed items.

If you have a mortgage on your home, your lending institution will require that you have enough insurance to protect their investment. Protect your own investment. Understand what you are buying when you purchase a homeowner’s policy and review what is actually covered. It’s complicated. Take the time now to review what you need and what you’re getting and you’ll save money in the event you have an insurance claim. Save by bundling auto, property and liability insurance together to receive substantial discounts and save money. At Peter B. Crilly we’ll take the time to make certain you are fully protected and if you are currently with another carrier, help you compare the differences between policies and your various options. Call us at 410-571-1771 or email Gasconk@nationwide.com.

Insurance for Recent Graduates

May 22, 2019May 22, 2019 / Nadja Maril / Leave a comment

It’s that time of year—graduation. At Peter B. Crilly & Associates, we’d like to congratulate the high school and college classes of 2019! Whether you or someone in your family is either going off to college or entering the job market, graduation often means changes are needed to existing insurance policies. Now is the time to review what is needed and what may need to be changed.

Here is a quick insurance checklist you’ll want to think about.

Don’t forget to buy renter’s insurance.

Signing a lease for an apartment is the start to independence. However, don’t forget to purchase tenant insurance. Most property owner’s insurance covers only the building.

Renter’s Insurance:

Replaces your possessions. A renters insurance policy covers your belongings and will replace or repair them in the event of burglary, fire, or other damage. Personal property coverage provides protection against loss to your items such as clothes, shoes, furniture, electronics, small appliances, sporting equipment, etc.

Provides liability protection. Many Millennials are choosing to delay having kids until later in life and are opting for pets instead. If your dog bites a guest, or someone hurts themselves in your apartment, renters insurance covers your liability.Personal liability comes into play if your actions lead to someone else’s injury. Minimum liability limits start at $100,000 and provide coverage for medical tests, surgeries, prescriptions, and their time off work.

Covers medical payments.A renters insurance policy offers medical coverage if a guest is injured in an accident at your place.

Provides additional living expenses. Coverage is provided for temporary living expenses if your apartment or condo is damaged and you need a place to stay while it is being repaired.

Review your auto insurance coverage.

Perhaps you’ve been covered under your family’s insurance policy, but now it’s time to buy your own. Check with your parent’s current insurance company first to get a baseline on what coverage you’ve had in the past and what you’ll need. Ask the company that has insured you in the past for a quote because they are already familiar with your driving record. Compare prices with other carriers, but make certain you are comparing equal coverage.

Your finance company will make certain you’ve insured your car fully in the event it is damaged or stolen, but what about damage to you or to others. Liability insurance on your auto is important. Don’t skimp on liability coverage.

Need to save money on premiums. Raising your deductible is the number one way to save money on any type of insurance. Bundle policies together to take advantage of discounts. If you can purchase tenant insurance and auto insurance from the same carrier, a discount should be available. Putting several cars together with one company, should also earn you discounts.

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Take advantage of retirement plans early and consider purchasing Life insurance

If you just received your diploma, you may not think it makes sense to invest your hard-earned money in a retirement plan; but the earlier you start, the better off you’ll be.

The earlier you take out a life insurance plan, the less you’ll spend on it over the course of your lifetime. Now, is when you need to invest in a policy because your future self is counting on you. The bottom line is that life insurance will protect and improve the lives of those you care about after your passing – and may very well save yours.

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Understand health insurance options.

Many employers provide health insurance plans. Talk to your employer about the plans they offer. If they don’t provide a good plan, current law allows children to stay on their parent’s plan until age 26. It may make sense to purchase your own policy. Visit http://www.healthcare.gov to learn more about your options.

Have insurance questions? Contact Peter B. Crilly & Associates. Email Lewispm@nationwide.comor give us a call at 410-571-1771 and we’ll try to be of assistance.

DOES YOUR SMALL BUSINESS NEED LIABILITY INSURANCE?

May 13, 2019 / Nadja Maril / Leave a comment

Owning your own business is an exciting responsibility. You have the freedom to take your business in whatever direction you’d like to take; but in order to get there it’s important to protect your hard work.

There’s a lot to keep track of—making payroll, employee retention, building your brand, and expanding client base. But one thing you don’t want to forget about, is purchasing the liability insurance you need when you need it.

What should you look for? Here are some important points to consider when purchasing small business liability insurance.

Do You Have Employees?

If your small business has employees, you could be responsible for the actions they take. Even if you do everything right, your business could be sued if one of your workers injures a client or causes an accident.

Having the correct liability insurance policy can protect you from the actions of your employees. As the employer, the ultimate responsibility falls on you, and without the right insurance, you could find yourself on the wrong side of a costly judgment.

Who is Doing the Driving?

If your business requires travel, you will need to make sure you are protected from liability. Keep in mind that your personal automobile insurance policy may not cover you for business travel. If you have an accident you could face enormous costs.

A commercial auto insurance policy provides protection for business driving. In some cases, you may be able to add this coverage to your existing automobile insurance policy. In other cases, it may make more sense to purchase coverage elsewhere. No matter what the case, it is important to protect yourself during your business travels.

Running a small business is hard, and it is important to protect yourself. Simply owning a small business could put you in the crosshairs for nuisance lawsuits and costly litigation, but taking proactive measures and having the right insurance coverage in place means you can spend less time worrying and more time building your business.

How Vulnerable is Your Business to Lawsuits?

Not every small business faces the same threat of lawsuits, so it is important to assess your own situation. If you run your business out of your home and serve your clients remotely, the risk of injury-related lawsuits is probably pretty low. If, on the other hand, you see a steady stream of visitors and customers, your liability risk goes up exponentially.

Some kinds of businesses, like sports training and healthcare, are also more likely to be sued. If you run a particularly risky type of business, a quality liability policy is an absolute must.

Do You Own or Rent Property?

In many cases, business insurance will be required when signing a commercial lease. If you plan to lease space for your business either now or in the future, having a general liability and property insurance policy in place will make the process easier.

Many commercial landlords require this type of insurance, and not having a policy on place could scuttle your plans and hold back your growth. Even if you do not currently lease office space, you never know when you might need it.

At Peter B. Crilly & Associates, protecting your business is our priority. Call us at 410-571-1771 or Contact us at GasconK@nationwide.com

Annapolis Businesses Need the Right Kind of Insurance: Product Liability Explained

July 20, 2018July 20, 2018 / Nadja Maril / Leave a comment

Being your own boss, running your own business can be both liberating and profitable. That’s why business insurance is so important. Knowing the best way to insure your business will help save time, money, and headaches. At Peter B. Crilly and Associates, we’re here to help explain what is covered in a business insurance policy. One type of business insurance you’ll want to know more about is called Product liability Insurance.

You may work hard for many years to build your company into something special. However, it can all be brought down with one error or mistake from one of your employees or suppliers. You are responsible for the actions of your staff and business associates and here are some examples:

1) A catering business worker is running short on time and fails to wash the fruit and vegetables included in an appetizer tray. As a result, several people become ill and are hospitalized.

2) A worker at a construction site tries to save money by using cheaper materials, and the porch they have built collapses when stressed with too much weight.

3). Equipment for a salad dressing company malfunctions and mixes in a peanut product into the ingredients not included on the labeling, resulting in an allergic reaction experienced by several consumers.

Product liability and product liability insurance covers three basic issues:

Defective products
Defective design
Failure to provide adequate product warnings to users

Without product liability coverage, the business owner could be sued for millions of dollars in damages, including medical expenses and lost wages. If you manufacture, distribute, supply, or sell products to the public, product liability coverage is extremely important.

The Best Insurance for Classic Cars

July 19, 2018 / Nadja Maril / Leave a comment

You love your classic car. Insurance to protect your collectible auto is important. Are you paying the lowest rate for the best coverage? At Peter B. Crilly & Associates, we offer special coverage for classic cars through a carrier that specializes in collector and classic car insurance. The benefit of classic car insurance includes lower rates and a replacement value built in to your policy, that takes into consideration that while a new car depreciates in value, a classic car usually goes up in value.

In order to qualify : 1) Your classic vehicle is not your daily use vehicle 2) Your vehicle should be stored in a private enclosed structure when not in use. (example: a garage) 3) The owner of the vehicle should have a good driving record and any listed drivers should have current auto insurance on a daily use vehicle.

Cars that have been modified with nitrous components, dune buggies, and cars used for camping, off-road or hauling are some of the types of cars that do not qualify for this special insurance. Want to find out more and receive a free quote. Give us a call at 410-571-1771 or 410-956-1111.

How Much Home Insurance Do You Need?

October 17, 2016October 17, 2016 / Nadja Maril / Leave a comment

How How Much Insurance is Enough?

House are usually insured for their full replacement value. This means that your insurance agent calculates the cost of rebuilding the exact same home at today’s construction prices in order to determine replacement value. To do this, he or she will measure the square footage of your building and take into consideration the materials used and the various features such as a fireplace, hardwood floors, full basement, and number of bathrooms. If you have some unusual and/or expensive, such as a luxury stove, imported tiles, or customized paneling you should tell your agent, so they can factor these features into the value of your building. It is important to notify your agent if you build an addition or make any substantial improvements to your home so that your improvements are completely covered by your insurance policy.

Premiums are calculated based on a home’s value and, thus, some homeowners, particularly if they have already paid off their mortgage, may prefer to insure their house for less than the cost of a total rebuild, reasoning that it is highly unlikely they will suffer a complete loss of property. According to insurance regulations, a home must be insured for at least 80 percent of its value in order for a policy to fully cover the loss.

One way to lower your premium is to raise your deductible. The deductible is your out-of-pocket expense, which you pay off the top when you make a claim. Deductibles can range from $100 up to $5,000. Insurance companies know that the larger the amount it that you are committed to paying yourself before making a claim, the less likely it is for you to make a claim at all. Thus, the premium on a larger deductible is much lower than a small deductible. Visit http://agency.nationwide.com/peter-b-crilly-in-annapolis-md to receive a free homeowner’s quote or call our office at 4140-571-1771- or 410-956-1111 to speak with an agent.

Protect Your Basement

October 13, 2016October 13, 2016 / Nadja Maril / Leave a comment

If your basement is susceptible to flooding and you rely on a sump pump in time of heavy rain, consider purchasing a back-up sump pump and a back-up power source which can be a battery or small generator. This will protect you in case you lose power Also make certain your homeowner’s policy has “water back-up” to cover sump pump failure. Remember when you have a claim, the deductible comes out of your pocket.

Always clear the French Drain and entry area outside your basement area of leaves to make certain water does not collect.

Buying a Home? Insuring Your Investment.

October 6, 2016October 4, 2017 / Nadja Maril / Leave a comment

Finding and buying a new home is as exciting as it is stressful: The purchase of a home is a huge undertaking that requires a good deal of forethought and research. Once you’ve taken the time to find that new home, you’ll want to make certain it’s insured correctly.

While the paint colors and furniture arrangement may be foremost in your mind, the insurance company and agency you choose to protect your investment is just as important

The insurance agents at Peter B. Crilly & Associates, Nationwide Insurance can help make the process of purchasing and moving into a new home as smooth and stress-free as possible.

Contact your insurance agent in advance, to get a quote on the cost of homeowner’s insurance before you complete the purchase of your new home.

Every lender requires that you have homeowner’s insurance in place when you go to the settlement table. If you don’t plan in advance, your mortgage company will step in and provide coverage. The company they choose may not have the most favorable rates and thus you’ll be paying a higher premium. While the cost of property insurance may be rolled into your monthly mortgage payments, the amount you pay and the type of coverage you receive can vary greatly.

Peter B. Crilly & Associates can help you find the right protection at the best rate for your new home. All you have to do is get us involved early and provide the information to give you a timely quote.

Some of the factors that will make a difference in the cost of a homeowner’s policy include: 1) The distance your home is from the nearest fire station and fire hydrant. The further away the nearest fire station and/or fire hydrant is located, the higher the rate. If you were ever to have a fire, every second counts. With no fire department nearby, the risk for a major or total loss of your home is much higher. 2) The existence of any “attractive nuisance” such a trampoline or a swimming pool can affect the cost and availability of homeowner’s insurance. Places where someone could get injured are cause for concern. If you have a pool or a trampoline, you will be required to have a secure fence . 3) The proximity of your new home to an area likely to flood will impact your insurance costs. If you house is located in a flood plain, you’ll be required by your lending institution to purchase flood insurance. Get a flood insurance quote from Peter B. Crilly & Associates to help you calculate your costs in advance.

A monitored fire and security alarm will help to reduce the cost of homeowner’s insurance. If your new home does not already have one, consider purchasing an alarm system.

Is the home you are purchasing part of a homeowners association? If you are required to join your homeowner’s association, check the master policy. Find out what the Master policy covers. You may be asked to pay a share of a liability claim if the loss exceeds the coverage of the master policy. Your homeowner’s policy can be adjusted to cover that potential cost. That is what insurance is for. Ask your friends at Peter B. Crilly & Associates. We’re here to help