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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FARM INSURANCE

As farm specialists in the Harford and Cecil County area, Lassen, Marine & Webster can assess your unique needs and risks to recommend the best insurance for you whether you’re running a large-scale operation or small family farm.


 

Farm Insurance

In an era of ongoing development and growth, Harford and Cecil County remain the proud home to many thriving farms. Based in the area, Lassen, Marine & Webster’s team of agents understand the unique issues of the Chesapeake Bay basin and have become the go-to insurance experts for everything from farm personal property and equipment to livestock and liability insurance. We consider not only your business, but also your home and family in our customizable packages that protect against a variety of events from minor hiccups to major losses.

Farm property insurance protects your farm’s physical assets, including your dwelling and household personal property, farm personal property and barns, stables, silos and other structures found on your farm.

Farm auto insurance covers all of the vehicles used on your farm property and protects you financially from auto injuries, damages and losses associated with your vehicles, employees or other persons.

Similar to commercial business liability insurance, farm liability insurance protects you and the future of your farm from lawsuits arising from bodily injury claims and property damages.

Traditionally known as scheduled personal property and other structures insurance, equipment insurance protects the equipment used to keep your farm operating, including tools, livestock, feeding tracks, irrigation systems, etc.

With the amount of physical labor preformed on a daily basis by farm employees, accidents are bound to occur. Workers’ compensation for farms covers injury and diseases arising out of and in the course of employment.

Due to the growing liability exposures facing farm owners today, an umbrella insurance policy is a cost-effective way to add more coverage to your farm insurance policy, ensuring you are adequately insured in the case of an emergency.