Four things you might not be aware of regarding renters insurance

If you live in an apartment or any home you rent, you should understand some basics about renters insurance. At Everett Insurance, we provide renters insurance in Glen Allen, VA.

The following are four things you might not know about renters insurance. 

Some landlords require their tenants to carry renters insurance.

You cannot expect the property insurance that your landlord carries to cover you for damages to belongings in your rental unit. That’s why many landlords insist that their tenants purchase renters insurance before moving into a rented property. 

A typical renters insurance policy includes numerous types of coverage.

Those who buy renters insurance should know the types of expenses that renters insurance typically covers. Renters’ insurance typically covers numerous expenses like property, liabilities, medical payments, and additional living expenses. 

Renters’ insurance policies don’t usually cover flooding and earthquake damage.

While standard renters insurance may offer numerous coverage types, there are certain expenses that such a policy won’t cover. For example, renters insurance policies won’t cover earthquake or flooding damage. 

If you want flood and earthquake damage coverage, you may have to purchase a separate flood insurance policy or add earthquake damage coverage to your renter’s insurance policy.

Renters’ insurance doesn’t typically cover a roommate’s possessions.

Unfortunately, you cannot typically expect the renter’s insurance policy you also purchase to cover your roommate. If your roommate wants to enjoy renters insurance coverage, they will probably need to purchase a separate policy. 

If you’d like to learn more about renters insurance in Glen Allen, VA, you can contact us at Everett Insurance. Call us for a policy quote or learn more about our insurance coverage offerings.

Why Regular Insurance May Not Cover Floods In Virginia

Homes are often the most valuable piece of property a family owns. Many homes make for great investments, gaining value over time. Given the above, it’s important to ensure that homes are adequately insured. Besides traditional home insurance, homeowners should closely consider flood insurance. Anyone who lives near Goochland, VA, and wants to discuss flood insurance should immediately contact Everett Insurance.

Regular Home Insurance May Not Cover Floods

Traditional home insurance covers many things. It’s essential to read the fine print or to discuss coverage with an insurance agent regarding any specific insurance policy. However, home insurance may cover things like theft, fires, or damage caused by hail. Often, home insurance does not cover floods.

Why not? As specific policies have fine print, the reasoning may vary slightly from company to company. However, floods are often called "acts of God," meaning they are immensely destructive and can cause widespread damage. In many cases, general home insurance policies have clauses that exclude certain widespread acts of God events.

These events cause damage on such a scale that the insurance company would struggle to cover all the damages. A fire might damage one home, causing several hundred thousand dollars in damage. A flood could easily damage a hundred houses, potentially resulting in millions or more in damage.

Also, in some cases, insurance policies may not cover what is considered "gradual" damage. If a powerful storm rolls through and knocks a tree onto a home, it’s often considered an accident and sudden event. A general home insurance policy program thus may cover it. Gradual damage caused by wind over time might be regarded as wear and tear and thus not covered.

So what’s the key takeaway? Residents near Goochland, VA should contact Everett Insurance to discuss flood insurance options.

Electric Vehicle Insurance Coverage Tips and Considerations

Driving an EV Has Advantages but Brings Lifestyle Changes

No matter what kind of EV you own, the costs and benefits of ownership are likely to change. You may enjoy purchase incentives, pay road taxes, and experience the difference between paying for electricity instead of gas. Daily use variables include finding parking with charging capability or making trip decisions based on the available vehicle range. You’ll also face insurance changes depending on your EV model.

Getting EV Repairs After an Accident Can be Challenging

What does it take to repair your EV or electric vehicle? Who can provide the parts and service? At Everett Insurance in Glen Allen, VA, we can help you with coverage designed for your EV and obtain the insurer’s list of approved EV repair shops for your brand and model.

Design of Your EV Makes an Important Difference to Insurance

A traditional EV that combines gas vehicle design features with an electric drivetrain may have more repair options than other EVs. This could even make it a better risk than equivalent gas models. In the case of proprietary Tesla vehicles, company repair shops are your only option and your insurance company’s only choice.

Experience, Not Media Coverage, Drives EV Insurance Rates

As with other vehicles, insurance company data provides a basis for EV rates. We can help you understand actual company experience with EVs, so you can make a wise, well-informed vehicle choice.

Keeping Up with Ever-Changing Insurance Considerations

At Everett Insurance in Glen Allen, VA, our agents help you navigate the new world of EV insurance to select the right coverage, deductibles, and options appropriate for this new breed of autos. We look forward to being your trusted EV insurance adviser. Call us today!

What Insurance Coverage is Recommended For Real Estate Investment Houses?

It would be best if you had specialty insurance as a real estate investment property owner. Because landlords are more exposed than typical homeowners are, standard homeowner’s insurance may not be sufficient to cover you and your investment property. Here are a few suggested and readily accessible investment property insurance options from Everett Insurance serving Glen Allen, VA, and surrounding areas.

Property Insurance

For your real estate investment property, you will undoubtedly require property insurance. It is a requirement of your lender if the property is financed. To safeguard your investment, you should continue having this coverage even after the property has been paid off. Depending on the property’s location, you may also want to research specific riders for your insurance, such as earthquake or flood coverage. Another optional rider to consider is water line insurance. This protects you if the water line breaks along the property line to the foundation. Your property insurance representative can go over all the available riders with you.

Liability Insurance

This kind of insurance means that you, as an investment property owner, are protected against lawsuits and liability claims from workers or tenants. It includes things like someone becoming hurt while on your property, whether they are a visitor, trespasser, employee, or renter. If the landlord was found to be at blame for the damage, it might also reimburse the cost of replacing the tenant’s belongings. The specific terms of the insurance policy will determine the specific coverage. Liability insurance often covers expenses like hospital bills, court charges, and settlement costs.

Real estate is considered a good investment, with lots of profit potential. Protect your investments with the right kind of insurance. In Glen Allen, VA, Everett Insurance can help with all your real estate investment insurance needs. Contact us today to learn more.

Three steps to getting home insurance for your property

You should go through specific protocols to find the right home insurance policy in Glen Allen, VA. We can take you through the steps for finding the right home insurance option at Everett Insurance.

The following are three steps to go through to get home insurance for your property. 

Deciding what types of coverage you want and how much coverage you need

Types of home insurance coverage to consider include personal liability, medical payments, additional living expenses, and personal property coverage. You need to consider which of these types you want.

You also need to consider what your policy maximums should be. Ideally, you’ll have enough liability coverage to cover the total value of your assets. You should have enough replacement cost coverage to cover the full value of your home and enough personal property coverage to cover the value of all the personal belongings in your home. 

Finding out if you are eligible for any discounts

There are quite a few discounts home insurance providers offer on home insurance coverage. You should explore these discount possibilities and see if you’re eligible for any of them.

Some of the most common home insurance discounts include new home buyer discounts, multi-policy discounts, and automatic payment discounts. You also may be eligible for home safety, claims-free, or loyalty discounts. 

Getting quotes on insurance policies

It would be best if you got quotes from several home insurance providers in your area. You can compare costs between a few providers and select the best option. 

Contact us when you’re ready to get a quote on a home insurance policy in Glen Allen, VA. We’ll be happy to provide you with the information you need on our home insurance options at Everett Insurance. 

Why should a business get workers’ comp insurance in Virginia?

The Glen Allen, VA area is a great part of the country to start a business. If you decide to build a business in this region, you must have all the insurance to protect your employees and inventory. One type of coverage that should never be overlooked is workers’ comp insurance. There are a few reasons that a company in this part of the state needs to have a workers’ comp insurance plan. 

Protect Themselves and Employees

A great reason to have a workers’ comp insurance plan for your Virginia business is so you can protect your employees and your business. If someone is injured at work, workers’ comp insurance will provide coverage for costs and losses incurred by the employee. This ensures your team members have support and can help reduce your company’s liability risk, as their damages will be covered. 

Comply with the Law

You also should get a workers’ comp insurance plan to ensure you can comply with the law. Like many other states, Virginia requires most businesses with employees to get workers’ comp insurance due to the value it provides to their team members. If you do not maintain an adequate plan, you could face significant penalization while not getting the coverage that could help support your company.

No matter what type of business you have in the Glen Allen, VA area, it is a good idea for you to have a workers’ comp insurance plan. As this can be a complex type of insurance, working with Everett Insurance can be a great option. The Everett Insurance team understands this coverage’s value and will help you build a new policy that will meet your needs. 

What to Do if Your Classic Car Was Involved in an Accident

Are you a classic car owner? Then you know that these vehicles need a lot of care and attention. They are often valuable pieces of history, with a lot of work and time going into restoring and maintaining them. So you want to ensure that your classic car stays in good condition for years.

Unfortunately, accidents happen. And if your classic car was involved in an accident, you may be wondering what to do next. Here are some steps to help you get your classic car back on the road as soon as possible:

Contact Your Insurance Provider

After an accident, filing a claim and getting the process started ASAP is essential! Delaying the process could result in complications later on. The last thing you want is to pay out-of-pocket for the damages. So, your first contact should be with your insurance provider.

Contact your insurance provider if you’re unsure how to file a claim or what information you need. They will likely have a specific process that needs to be followed in the event of an accident, and they will guide you through it. Be sure to ask them any questions you may have to be as prepared as possible.

Take Pictures of the Damage

If you can, take pictures of the damage to your classic car. If you can’t do it yourself, ask a friend or bystander to help. Be sure to get photos from different angles, so you have a clear idea of the extent of the damage. These pictures will be important when filing an insurance claim.

Gather Information About the Other Driver

You should get the other driver’s contact information if you were not at fault for the accident. This includes their name, insurance company, and policy number. You will also need their contact information if you need to reach them later. If there are any witnesses to the accident, be sure to get their information.

File a Police Report

If the damage to your car is significant or there are injuries, you will need to file a police report. This is important for insurance purposes and will help to ensure that the other driver is held accountable. A police report will also give you an official record of what happened.

Purchase an Insurance Coverage For Your Classic Car Today

These are just a few steps to take if your classic car is involved in an accident. The most important thing is to stay calm and take care of the necessary details as quickly as possible. With time and effort, you’ll have your classic car back on the road in no time!

If you don’t have insurance coverage for your classic car, contact us today at Everett Insurance. Our Glen Allen, VA team would be happy to help you get the coverage you need. Visit our office or give us a call at 800-296-1011 for more information.

Does Every Roommmate Need Their Own Renters Insurance Policy or Will One Policy Cover Every Roommate in a Rented Home?

Everett Insurance, serving the greater Glen Allen, VA community, proudly offers renters insurance to the local community. One of the questions that our insurance agency is often asked is whether one renter’s insurance policy covers all of the roommates or people living in a shared rental, such as an apartment or home, or whether each person needs their own renters’ insurance policy. Keep reading to find out the answer to this question. 

Does One Renters Insurance Policy Cover Every Renter in a Shared Space? 

Roommates can share one renters’ insurance policy if the roommates are all listed on the policy. If your name is not listed on the policy, you are not covered by the renters’ insurance policy. As such, it is always essential to ensure your name is listed.

Should You Purchase Your Own Renters Insurance Policy If Living In a Shared Space? 

Most insurance companies recommend that each renter have their own renters’ insurance policy, even if they have a roommate. This helps to ensure the policy fully covers you. When you share a policy, you are entrusting someone else to pay the bill and add your name to the policy. When you have your own, you know that you paid the bill, you know what the policy limits are, you do not have to worry about being added or dropped from the policy, and you can change insurance coverage limits. 

If you are looking to find out if a shared renters’ insurance policy covers you, or you are looking to purchase a new policy in the greater Glen Allen, VA region, Everett Insurance is here to help. Schedule an appointment with us today. 

What Happens if I Exceed the Insurance Coverage on My Home?

Home insurance protects your home and possessions against damage or loss caused by events such as fire or theft. Home insurance policies come in different forms and cover various possessions and risks. For people living in Glen Allen, VA, Everett Insurance is here to help you understand the limits of your coverage and what you can do to expand your protection.

How is your insurance coverage calculated?

The amount of insurance coverage you have and the type of home insurance policy you have depend on several factors, including the value of your home and where it is located. Home insurance policy limits are the maximum amount of coverage your home insurance policy will provide for each of the risks covered by your policy.

What happens when your damages reach your policy limits?

Personal liability claims can quickly exceed the coverage you have in your policy. When this happens, you may be required to pay the portion of the settlement that is left over. In an oversized suit, this can be thousands of dollars.

It’s important to note that your home insurance policy may not cover certain losses. For example, your policy may not cover losses due to libel, slander, or malicious prosecution charges.

How do you expand your coverage?

Many insurance companies offer additional coverage options for homeowners. The most common choice is to add an umbrella insurance policy. An umbrella policy provides additional coverage for losses that exceed the limits of your home insurance policy. It also includes coverage for losses not covered by your standard policy.

How much umbrella coverage you need depends on the risks you face. Every person has different needs.

Everett Insurance is dedicated to providing Glen Allen, VA, with the right coverage at the right price. Contact us today to learn more.


Is Worker’s Compensation Insurance a Worthy Investment?

Most states in America require every employer to invest in workers’ compensation insurance. You may think you have put some measures to prevent injuries, but accidents like falls or slips can still happen. The aftermath can result in costly illnesses and injuries that could cost your business an arm and a leg.

For your information, employers are liable for any form of work-related accident. Why then wait for such unfortunate occurrences to purchase worker’s compensation insurance? Workers’ compensation insurance is a worthwhile investment for every business owner like any other insurance policy. According to Everett Insurance, here are the reasons why this coverage is worth every penny.

Legal requirement

Most states, including Virginia, require every business to provide workers’ compensation insurance for their employees. Failure to have the policy may lead to legal implications like paying fines, losing your business license, etc.

Protect your employees

Your employees are the most valued assets in a business. Therefore, there is a need to protect them with a workers’ compensation policy. This policy pays for medical expenses if an employee gets injured or ill. The plan also pays for lost wages as the employee recovers.

Protect your business

Picture your business being sued for negligence related to work illnesses or injuries. This could cost your business thousands of dollars. Workers’ compensation pays for court cases, judgments, and attorney fees.

Peace of mind

Every business owner should focus on the success and growth of the company instead of worrying about potential lawsuits or costly claims. Workers’ compensation insurance gives you that focus, and you don’t have to think about cases and claims.

 Worker’s compensation insurance in Glen Allen, VA

Regardless of your industry, workers’ compensation insurance is a must-have policy for every business owner. Contact Everett Insurance today for an affordable quote if you are in Glen Allen, VA, and its surroundings looking for coverage to suit your business.