Frequently Asked Questions

Can an existing life insurance policy be used to provide for the repayment of an outstanding mortgage loan?

Yes: the purchase of a new mortgage protection term insurance policy is usually not required by the lender. An existing policy, either term or cash-value life insurance, can be used for many purposes, including paying off an outstanding mortgage loan balance in the event of the insured’s death.
Credit life insurance is frequently recommended in conjunction with the taking out of an installment loan when purchasing expensive appliances or a new car, or for debt consolation. Is credit life insurance a good buy?

Credit life insurance is frequently more expensive than traditional term life insurance. Further, if you already own a sufficient amount of life insurance to cover your financial needs, including debt repayment, the purchase of credit life insurance is normally not advisable due to its relatively high cost.

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Contact Information

Churchville location »
2907 Churchville Road, P. O. Box 70
Churchville, MD 21028
(800)519-8387

Elkton location »
211 West Main Street
Elkton, MD 21922
(800)519-8387

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BUSINESS INSURANCE

Business owners in Harford and Cecil County can rest assured knowing there is a local, independent agent nearby able to access and customize insurance plans to meet the needs of your specific industry and situation.


 

When planning your next special event, prepare for what can happen in the event Mother Nature decides to crash your party. Lassen, Marine & Webster can provide you with special event insurance which provides liability protection for individuals and companies hosting fundraisers, meetings, or other corporate occasions.

In today’s litigious society, individuals, companies or venues planning events are subject to potential liability suits from spectators, contractors, customers and event attendees. Weather is also a factor when planning an event and could potentially cause you a significant financial loss. Whether you are planning a holiday event, play, fundraiser, seasonal events, business conferences, weddings, political event, religious event, etc. talk to your Lassen, Marine & Webster agent about special event insurance. Coverages include, but are not limited to:

  • General Liability
  • Liabilities related to auto and property damages, liquor liability, 3rd part property damage
  • Loss or destruction of rented or owned equipment, sets, props, wardrobes, etc.
  • Losses for medical liability of  event participants and  spectators
  • Protects against bodily injury and property damage claims from:
    • Operations
    • Premises
    • Products and completed operations
    • Advertising
    • Person Injury