Three Assets That Could Be At Liability Risk

Careful financial planning means managing your assets with intention. This is especially important when planning for retirement; those assets are part of that plan. Although managing your assets is important, equally important is protecting those assets. At Everett Insurance, we want to help clients in Glen Allen, VA, and the surrounding areas learn more about protecting their assets. Keep reading to learn about the top three assets often at risk of liability. 


Basic savings can fall into the risk category if you face liabilities from a lawsuit or other situations. If it is determined that you are held liable for an accident or an injury, and you do not have sufficient insurance or the appropriate type of insurance to cover those costs, you would be required to pay those expenses out of pocket. If you do not have enough cash to pay, the legal system can undoubtedly come after your savings. 


Along that same line of thought, if your basic savings are not enough to cover liability expenses, any investments you might have can also be a target. Our legal system allows for many different types of assets to be used to pay liability expenses. 


In extreme cases, even property can be an asset used to pay for your liability expenses. This can cause financial hardship and put you in a vulnerable position. 

The Solution

There are many types of insurance products, such as umbrella insurance, that you can purchase to offset liability risks. If you have assets that you want to protect, you should sit down with an insurance representative to discuss your insurance options. 

If you want to learn more about umbrella insurance, please get in touch with us at Everett Insurance, serving Glen Allen, VA, and the surrounding areas. 

Workers Compensation Insurance for Remote Workers in Glen Allen, VA

With the rise of remote work, providing workers’ compensation insurance for remote employees has become increasingly important. At Everette Insurance, we are here to help you navigate the complexities of having coverage for remote employees and the different laws and regulations that apply.

The Importance of Coverage for Remote Employees

Remote workers face potential risks and hazards even when working from the comfort of their homes. Accidents, injuries, or illnesses related to their job duties can occur, making workers’ compensation insurance an essential protection. Having the right coverage for remote employees not only safeguards your business from potential financial losses but also demonstrates your commitment to the well-being of your workforce.

Customizing Workers Compensation Policies for Remote Workers

Tailoring worker’s compensation policies to address the needs of remote employees is critical to providing comprehensive protection. Consider the following factors when customizing your policy:

  1. Job Duties and Risks: Evaluate your remote employees’ specific job duties and associated risks to ensure your policy provides adequate coverage for potential injuries or illnesses.

  2. State Requirements: Ensure your policy complies with the worker’s compensation laws and regulations in the states where your remote employees reside.

  3. Coverage Extensions: Depending on your business’s needs, you may want to explore additional coverage options, such as telecommuting endorsements or expanded coverage for out-of-state employees.

Contact Everett Insurance Today

Providing worker’s compensation insurance for remote workers is crucial to managing a modern workforce. At Everett Insurance, we understand the unique challenges businesses face in Glen Allen, VA, and offer comprehensive workers’ compensation insurance policies tailored to the needs of remote employees. Contact us today to discuss your worker’s compensation insurance requirements and secure the protection your business and remote employees deserve.

Why Do I Need Special Insurance For My Classic Car?

Classic cars are more than just a vehicle option; for many people, they are also a hobby and an investment. At Everett Insurance, serving Glen Allen, VA, and the surrounding area, we can help you make wise insurance choices for your classic cars. Keep reading to learn more. 

Can I Use Regular Insurance For My Classic Cars? 

It is not often recommended to use regular car insurance for classic vehicles. This is because classic cars are often valued very differently than standard cars. The time and money needed to restore classic cars will give them a different value. There is also the collector value to be considered. This refers to a particular vehicle’s value in the collector community. 

How Do I Know How Much Insurance I Need?

Sit down with an insurance expert to determine how much coverage you should get on your classic car. This professional will be able to help you choose a fair value for the vehicle and then select a proper amount of insurance as well. 

What Happens If I Use Regular Insurance?

If you keep a regular auto policy on your classic car, it may not truly cover the car’s value. If the vehicle is damaged or lost, you might suffer a loss on your investment in the vehicle. To avoid this, you can talk with an insurance representative that has experience with classic car coverage. 

If you want to learn more about classic car insurance, please get in touch with us at Everett Insurance, serving Glen Allen, VA, and the surrounding areas. We will gladly talk to you and help you find the perfect insurance policy. 

What Risks are Covered in Virginia Renter’s Insurance?

Your home is subject to a myriad of risks each day. From an accident to an "act of the gods" to purposeful damage, it only makes sense to ensure you’re protected. Rental insurance is as important as homeowners insurance when protecting you from these events. Explore which insurance risks are covered in Virginia with Everett Insurance of Glen Allen, VA.

Personal Property Insurance Coverage

Your landlord may be responsible for damage to your rental itself, but when it comes to your belongings — you’ll need your own coverage too. Renter’s insurance offers protection for residents when it comes to property damage or theft. This personal property coverage protects your jewelry, electronics, furniture, and more. Typical renter’s insurance policies will cover your property at home, and some will provide limited coverage away from home. 

Named Insurance Risks

Insurance policies will specify named risks that are covered, whereas unnamed risks may not have any protection. Named risks are the events most likely to cause a claim, while unnamed risks are typically far rarer in occurrence. Most renter’s policies will cover lightning or storms, smoke damage, frozen pipes, or HVAC-associated issues. Policies will typically also provide protection against theft and vandalism. 

Uncovered or unnamed risks may include intentional acts of damage, war, or nuclear incidents. For natural events such as floods or earthquakes, most renters will need to choose a supplemental policy based on the risk in their area. Sewer backup is often a supplemental policy as well — and not included in a typical rental plan.

Everett Insurance of Glen Allen, VA is here to help you find the right renter’s insurance policy today. Don’t hesitate to contact us now for a quote!

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.