Five Things Renters Insurance Won’t Cover

Renters insurance protects your belongings from covered losses. However, it won’t cover damage to your apartment or rented property. Understanding what each policy will or won’t cover is important before deciding which one is best for you. The team at HBW Insurance Group in Catonsville, MD can help you understand how your current or prospective renters insurance policy works.

Renters Insurance Exclusions

You may wonder what renters insurance won’t pay for. Here are a few examples excluded by most policies:

  1. It generally doesn’t cover earthquakes, sinkholes, floods, or earthquakes. These events often leave behind catastrophic damage and require separate coverage.
  2. Renters insurance won’t cover preventable pest problems, such as bed bugs and other excluded pests, as the policy specifies. So, it’s important to understand your rights as a renter. For example, your landlord is responsible for preventing infestations by rats and mice.
  3. If your roommate isn’t named in the policy, your renters insurance won’t cover their belongings. Therefore, each tenant needs to invest in separate coverage.
  4. Most renter’s insurance policies won’t cover acts of terrorism. The term can apply to events specific to a small or large area. To better understand what events are categorized as terrorism, make an appointment with one of our knowledgeable insurance agents.
  5. If you or your pet accidentally damage your belongings, your renter’s insurance typically won’t pay for it. For example, if your cat scratches the side of your couch or your dog chews the leg of an expensive table, you’ll probably pay for the repairs out of your own bank account. The same goes for pet-soiled carpets.

Learn More About Renters Insurance in Catonsville, MD 

If you want to know what renters insurance covers, contact an HBW Insurance Group agent. Contact us today to set up an appointment for a free quote or to review your existing policy for potential gaps.

The Importance of Life Insurance for Young Adults

It’s easy to put off buying life insurance when you’re young and healthy in Catonsville, MD. However, thinking ahead and planning for your financial future is essential, especially if you have loved ones you want to protect.HBW Insurance Group explains why you shouldn’t wait.

Protect Your Loved Ones

A life insurance policy provides a one-time payment to your beneficiaries in case of your death. This money can assist in paying for expenses related to your funeral, debts, and household bills. This insurance is helpful if your spouse or family depends on your income. By opting for life insurance, you can ensure that your loved ones receive financial assistance during a difficult period.

Secure Your Future

Life insurance does more than protect your family’s finances after you pass away. It includes a savings feature that can also help secure your future. You can build cash value over time with certain policies. This value can be borrowed against or used to increase your retirement income. It’s particularly advantageous if you have limited savings and must raise your money long-term.

Coverage Options

It’s essential to check the available options to choose the right life insurance. Term life insurance offers temporary coverage for a particular period, while permanent life insurance provides lifelong protection. A trustworthy insurance agent can guide you through the various coverage options, helping you select the most suitable policy based on your budget and needs.

Life insurance provides you and your loved ones peace of mind and financial protection. By exploring your coverage options and purchasing a policy now, you can protect your future and rest easy knowing that your finances are safe in case of the unexpected. HBW Insurance Group proudly serves Catonsville, MD – so contact us today!

Do you want a PPO or an HMO for your health insurance?

In Catonsville, MD, HBW Insurance Group offers medical insurance to the larger metropolitan area, but we provide many choices for your health insurance. When shopping for medical insurance, your options include health maintenance organizations (HMOs) and preferred provider organizations (PPOs). Which would you prefer?

How HMOs Work

HMOs typically offer lower premiums, so you pay less monthly, but they offer a small provider network and less freedom to choose your own doctor or treatments. You’ll need to pick one primary care physician (PCP) and go to that doctor regularly. HMOs require you to obtain a referral from your PCP before visiting a specialist.

An HMO plan focuses on preventative care and coordinating your treatments. With an HMO, you’ll have limited or no out-of-network coverage.

How PPOs Work

PPOs offer more extensive provider networks. You get greater freedom of choice with one of these plans. Although you still need to request permission through a referral for most tests and medical procedures. You don’t typically need a referral to see a specialist, though. A PPO’s premiums cost a little more monthly, but you will have out-of-network services.

Making Your Decision

Because HBW Insurance Group offers many choices, we recommend you phone or email us for an insurance consultation. We serve the Catonsville, MD area with both options so that you can choose an HMO or a PPO.

It depends on whether you want to spend a little less on monthly premiums or more choices in medical care. Contact us today to start your interview and purchase health insurance that can help protect you. Today’s plans offer preventative care and treatment for medical issues; let us help you choose.

Why Flood Insurance Is So Important

When you own a home, you need many types of coverage to protect it and yourself. It’s essential to ensure you have a flood insurance policy as part of that protection. It protects against several types of flooding, so you’re well protected against these damaging disasters. If you don’t have flood insurance, the cost of repairs or rebuilding could be overwhelming. To protect yourself against floods, call us at HBW Insurance Group in Catonsville, MD.

Flood Insurance and Home Insurance

There are a lot of people who believe that their home insurance will protect them from floods. However, home insurance doesn’t cover these disasters. It’s essential to have both a home policy and a flood policy to protect you against a wide range of disasters and other events. When you have flood insurance, it can pay for the expensive repairs that floods often cause. The home may need to be rebuilt in some cases of flooding, and the policy can pay for that too. You aren’t well protected from disasters if you don’t have it yet. 

The National Flood Insurance Program

FEMA backs flood insurance under the National Flood Insurance Program. It’s a solid program that is guaranteed and funded by the government. The Program sets the price for flood insurance. This allows you to get flood insurance at the same price, regardless of where you get it. This insurance is a good idea for all homeowners, and it’s a trustworthy insurance product.

Get Your Flood Insurance Policy

As a homeowner, ensuring you have the right insurance policies to protect your finances is essential. If you don’t have flood insurance yet, it’s time to call us at HBW Insurance Group in Catonsville, MD, to find out more. 


Condo Insurance: Tips for Choosing the Best Insurance Provider

Condo insurance is a valuable investment that covers theft, destruction, or damage to your property. If you plan to get condo insurance, choosing the right insurer is critical to ensuring you get what you deserve.

Here are three helpful tips when selecting the best condo insurance provider in Catonsville, MD.

Check Customer Reviews

Customer reviews can help you understand insurance more. For more details, visit the company’s website and the customer reviews section. You can also use Google, Yelp, and other social platforms which provide company reviews. If many customers complain about the services of that condo insurer, avoid them to avoid becoming a victim.

Check the Specific Policies Offered

Condo insurance firms in Catonsville, MD, offer varying policies to clients. You should ensure the specific type of coverage you need is offered by the insurer. For instance, if your condo is located in a high-crime area, you must ensure the insurer covers theft-related causes in its condo insurance.

Ask questions before taking the insurance and check the terms and conditions to make an informed decision. An HBR Insurance Group agent will explain the available options to help you make an informed decision.

Check the Premiums

Each condo insurance firm offers unique quotes based on the exact location of your condo, your house features, and the risks involved. Compare the different quotes offered by condo insurance to get the most suitable for your budget. However, don’t rush to accept the least expensive offer without checking the coverage involved. Do your research, and check for discounts and other offers which could significantly lower your premiums.

Contact Us Today

Condo insurance helps protect your property and belongings in case of damage, theft, or fire. HBW Insurance Group is committed to helping our clients in Catonsville, MD choose the right condo insurance for their needs.

If you need condo insurance and don’t know where to start, contact us today for advice on the right policy. We will review your needs, house features, and help you choose the ideal plan.

The Pros and Cons of Adding a Roommate to Your Renters Insurance Policy

One of the questions that we at HBW Insurance Group, serving the greater Catonsville, MD area, are often asked is whether you can add a roommate to your renters’ insurance policy. Once we say that you can add a roommate to your policy, we are asked about the pros and cons of adding a roommate to your renters’ insurance policy. Read on to learn some of those pros and cons. 

The Cons of Adding a Roommate to Your Renters Insurance Policy

One of the most significant downsides to adding a roommate to your renters’ insurance policy is that you now have to recalculate your policy limits to ensure it meets the coverage level needed for you and your roommate. If you are added to an existing policy, you have no control over ensuring the policy is paid for or changing the policy limits as you see fit. 

The Pros of Adding a Roommate to Your Renters Insurance Policy

Adding a roommate to your renters’ insurance policy has many benefits, with one of the biggest being the price. When you share a policy, the cost of splitting a policy is generally cheaper than each roommate buying their own policy. Sharing a policy makes sense for those on a tight budget. 

There are pros and cons to adding a roommate to your renters’ insurance. Still, as a general rule of thumb, most insurance professionals recommend maintaining separate renters’ insurance policies so you know exactly what is covered and what is not covered regarding your policy and so you have complete control over your own policy limits. If you want to purchase a renters insurance policy in the greater Catonsville, MD area, please contact us at HBW Insurance Group to learn more.

Which Life Insurance Type is Ideal for Retirees?

Life insurance is excellent financial aid for people of all ages who need protection and financial security. However, seniors need the most support and peace of mind when planning retirement. Anyone who wants top-quality life insurance products to help them prepare for the future can count on the experts at HBW Insurance Group to provide reliable advice and options to meet your needs. 

Life Insurance Options

There are a few different types of life insurance available to individuals today. Each has its own set of terms and conditions and coverage. Young individuals who want to protect their families may usually choose term life insurance. However, there is also whole life insurance, which allows the policyholder to build value that may be borrowed after a specified time. While whole life insurance is also a good option for seniors, universal life insurance is also a great match. 

Universal life insurance also offers a fund that can be withdrawn for emergencies or borrowed against when the policyholder needs more buying power or to cover daily expenses in the future. Anyone wanting to learn about life insurance and which options are best for their situation can consult one of our licensed life insurance agents for more details and recommendations. 

Reach Out Today

Life insurance can offer stability and additional resources for retirement. Be sure to secure life insurance protection and peace of mind. Call or stop by HBW Insurance Group today to get the assistance you need if you live in or around the Catonsville, MD area. We are waiting to provide superior service to help you protect the things that matter most. 

How To Choose A Health Insurance Plan That Meets Your Needs

Are you looking for a health insurance plan that meets your needs? If so, working with the experienced team at HBW Insurance Group can help make the process easier. We are happy to meet you if you’re in the Catonsville, MD area.

Here’s what you need to know about choosing a health insurance plan that suits your lifestyle.

Understanding Your Coverage Needs

When choosing a health insurance plan, it’s important to consider your coverage needs. Do you need coverage for routine checkups, or do you require substantial medical assistance? Are you taking any regular medication that specific plans may or may not cover?

How often you need to receive healthcare and if specialized providers are a part of your care plan are important factors to consider. Taking the time to evaluate your needs can help you find a plan that meets them.

Review Plan Types

Most insurance providers offer four main categories of plans: Preferred Provider Organizations (PPOs), Health Maintenance Organizations (HMOs), Point-of-Service Plans (POSs), and High Deductible Health Plans (HDHPs).

Preferred Provider Organizations (PPOs) are the most common type of health insurance plan and offer a wide network of providers. With this kind of plan, you can receive care from any provider within your coverage network.

A healthcare insurance professional at HBW Insurance Group can help you review each plan type in detail and identify the best option for your lifestyle.

Contact Us Today

HBW Insurance Group provides comprehensive advice to Catonsville, MD residents. Our team of experts can help you review different options, understand your coverage needs and ensure you’re getting the most out of your policy. Contact us today to learn how we can help you choose a health insurance plan that meets your needs.

Protecting Your Property From Water Damage

Water damage can be a devastating and costly experience for any homeowner. Whether caused by floods, leaky pipes, or other water sources, it can cause significant structural damage to your home and belongings. Fortunately, HBW Insurance Group serving Catonsville, MD, provides tips and advice on protecting your property from water damage. They include:

Insuring Your Property

Proper insurance coverage is the best way to protect your home from water damage. Ensure you are adequately insured for various scenarios, such as flooding, burst pipes, and other water sources. Check with your insurer to ensure you have the right plan before any potential water damage occurs.

Reviewing Your Home for Potential Water Damage

Take the time to inspect your home regularly for any signs of water damage. Look for signs of water leakage, such as discolored paint and warped walls. Pay special attention to areas prone to floodings, such as basements and crawl spaces. Ensure all gutters, downspouts, and other drainage systems remain free of debris or blockages.

Maintaining Plumbing System

Maintaining your home’s plumbing system is important to prevent water damage. Inspect all pipes and faucets for any signs of leakage or corrosion. Replace any cracked seals or corroded fixtures that could lead to a leak. It is also important to regularly inspect your water heater and other appliances that use water, such as dishwashers and washing machines, for any potential problems.

Cleaning Gutters and Downspouts

Gutters and downspouts are designed to prevent water from pooling around your home’s foundation and seeping into the walls or basement. It is essential to clean these systems regularly to ensure they are clear of debris, such as leaves and twigs. This will help prevent water from pooling around your home and potentially causing damage.

Keep Your Property Safe With Flood Insurance

Flood insurance is a great way to protect your property from potential water damage caused by floods. At HBW Insurance Group, serving Catonsville, MD, we can help you to obtain the right coverage for your needs. Contact us today to learn more about our flood insurance plans.

How much condo insurance do I need?

HBW Insurance Group is a trusted insurance provider serving the Catonsville, MD area. We offer a wide range of coverage options for condo owners and can help you find the right policy to protect your home and belongings. We’ll discuss how much condo insurance you need and what factors affect the amount of coverage you require. 

Whether you’re just starting out as a condo owner or are looking to update your current policy, read on for helpful information from HBW Insurance Group!

What is condo insurance?

Condo insurance is a type of property insurance that covers your unit in a condo complex. It can provide coverage for your personal belongings, as well as provide liability protection if someone is injured while visiting your home. It’s important to have condo insurance in case of an unexpected event, such as fires, theft, or vandalism.

How much condo insurance do I need?

The amount of condo insurance you need will vary depending on your specific needs and situation. However, most policies provide coverage up to $100,000 for personal belongings and $500,000 in liability protection. You may want to consider increasing this coverage if you have high-value possessions or a large number of people living in your unit.

What factors affect the amount of condo insurance I need?

Several factors can affect the amount of condo insurance you need. Some of the most important factors include the following:

  • The value of your belongings
  • The size of your unit
  • The number of people living in your unit
  • The age of your building
  • The location of your building

If you’re looking for quality condo insurance, HBW Insurance Group is here to help. Call us today for more information or to get a free quote!