How Umbrella Insurance Works

Having enough liability insurance is an important way to protect yourself and your finances from lawsuits and other costs. If you have some liability coverage, that doesn’t mean that you have enough. If you don’t have enough, an umbrella insurance policy can help. Give us a call at Everett Insurance in Glen Allen, VA to talk to an agent about the coverage you need. 

Getting More Liability Coverage

If you already have a home insurance policy and an auto insurance policy, both of those insurance types come with an amount of liability insurance. However, that amount is often much too small. If there were a serious accident that cost a lot in medical bills, your home or auto policy could max out and leave you with the rest of the bills. Umbrella insurance comes with a much higher maximum amount for your liability coverage. That allows for more of those bills to be paid by insurance instead of by you. 

Umbrella Insurance Policies

If there is an accident that happens either in your vehicle or in your home, your liability coverage is what pays for those medical bills and/or property damage bills. Your auto or home policy will come in quickly to assess the situation and pay for the resulting bills. If that isn’t enough to cover all of those bills, your umbrella insurance policy kicks in next. It has a much higher max amount, so it will cover even serious accidents so that you don’t have to. It’s a great way to protect your finances in case the worst should happen. 

Get Your Umbrella Coverage

If you don’t have a lot of liability coverage, and many people don’t, it’s a good idea to get umbrella insurance to add more. If you are interested in this kind of policy, call us at Everett Insurance in Glen Allen, VA to find out more. 

Why Every Business in Glen Allen VA Should Have Workers’ Comp Insurance

Can you imagine how your Glen Allen, VA business would operate without employees? It would be impossible. Your employees are the most critical component for the survival of your business. As an employer, you are responsible for your workers’ security and safety. While you have put measures to avoid work-related injuries, you can’t eliminate mishaps in the workplace 100 percent. For this reason, you need workers’ comp insurance from Everett Insurance to safeguard your most prized asset. 

 Here are reasons why every business in Glen Allen, VA, should have workers’ comp insurance.

To comply with the law

Virginia requires businesses with two or more employees to maintain workers’ comp insurance. This policy assists workers to recover from work-related injuries or illnesses. It also shields employers against civil suits filed by injured or sick employees. Non-compliance to workers’ comp insurance may result in civil fines and misdemeanor charges. 

 

Protects against lawsuits

Business owners are aware that any litigation can have negative impacts on their businesses. It can drain business finances, time, and energy. Litigation can also affect the business relationship with the employees, vendors, investors and clients. Workers’ comp insurance is a paramount safety net when it comes to lawsuits.

Preserves your business finances

Not many business ventures can survive the blunt of work-related injury costs. In fact, one substantial work-related injury can lead to unbearable financial ruin to your business. However, investing in workers’ comp insurance cushions your business against the financial burden of financing your employees’ medical care and meeting settlement claims. 

Protects your employees

Workers’ comp insurance pays for your employees’ medical expenses when your employee sustains work-related injuries. Besides, this coverage covers employees’ partial loss of income and can meet the employee’s funeral expenses.  

Procuring a salient workers’ comp insurance in Glen Allen, VA, is a prudent move to safeguard your employees and business entity. If you need workers’ comp insurance for your business, call or visit Everett Insurance to partner with us on your insurance journey.

Why should I get classic car insurance in Virginia?

If you are a car lover in the Glen Allen, VA area, there is a good chance that you dream of one day owning a classic car. Anyone who will purchase a classic car in this area of the state needs to spend the right time thinking about their insurance needs. A form of insurance that all classic vehicle owners need to get is classic car insurance as it offers unique protections.

Coverage For Actual Liability Risk

All drivers in Virginia, including those that have classic cars, need to maintain liability insurance. However, most people that drive classic cars only do so sparingly and therefore do not have as much risk as a typical driver. With a classic car insurance plan, you can provide information about your expected annual mileage, and your insurance plan can be built accordingly.

Coverage Protects High Value of Car

It would be best if you also got a classic car insurance plan because it is the best way to protect your investment in your vehicle. When you are looking to purchase a classic car, you will be getting one that you will want to increase in value over the years, which is different than other vehicles that typically decline in value. When you have a classic car insurance plan, you can get specific protection to ensure the car’s full value is covered.

A vehicle owner in the Glen Allen, VA area will want to have a classic car insurance plan. The team with Everett Insurance can help anyone assess their insurance needs and build an appropriate plan. When you call Everett Insurance, they will assess your situation and give you the support needed to choose your ideal classic car insurance policy. 

How Does Renters’ Insurance Work?

Renters’ insurance is often required by landlords when you are renting a place to live. If required, you often have a limited time after signing the lease to get this coverage in place. If you need renters’ insurance, call us at Everett Insurance in Glen Allen, VA. 

Insurance Protection for Belongings

When you have renters’ insurance coverage, it covers the items you own inside the rental. This covers those items whether they are ruined or destroyed. If you have expensive belongings, it’s usually recommended that you use your phone’s camera to document those items. An easy way to do it is to set the camera to video and walk around your home, documenting the items that are there. 

Coverage for Inhabitable Dwellings

If your rental should become destroyed or heavily damaged, your renters’ coverage will cover the costs associated with you moving to an inhabitable dwelling. This may include rent and other expenses that are needed when you have to move out of your home quickly. This coverage may also kick in when your dwelling is condemned or has another problem that makes it unlivable. 

Liability Protection

If someone comes into your home and has an accident or falls ill, you can be held liable for the ensuing expenses. However, your renters’ insurance includes some coverage for just that occasion. It pays those medical bills and keeps you from being sued and paying out of pocket for these expenses. 

Get Your Renters’ Insurance

If you rent a home and are not yet covered by renters’ insurance, give us a call. You can contact us at Everett Insurance in Glen Allen, VA. 

 

What Is an Umbrella Insurance Policy?

An umbrella insurance policy is a type of coverage that adds extended liability protection for policies that you already have. To learn more, call us at Everett Insurance in Glen Allen, VA to talk to an insurance agent. 

Home and Auto Coverage

Before you can get umbrella insurance, you need to have your auto and home insurance in place. With these two policies, there are low levels of liability coverage that generally are included. However, this small amount of liability insurance is rarely enough if there is a serious incident in your vehicle or home you are liable for. Umbrella insurance is a way of expanding that liability coverage to pay for a serious accident or other incidents. 

Extend Your Liability Coverage

The way that umbrella insurance works is up to the original policy, whether it’s auto or home insurance, to first pay for an accident. Once the policy has paid out to its maximum, umbrella insurance will then kick in. These policies have very high maximum payouts so that you aren’t likely to have to pay anything out of pocket with an umbrella insurance policy in place.

So, why not just expand your liability coverage on your auto and home policies? Because it’s extremely pricey to do so. Extending that coverage can significantly raise your rates, but getting an umbrella policy is relatively inexpensive. It’s an easier and less expensive way to expand that liability coverage to be ready if the worst should happen. 

Talk to an Agent

If you’re ready for umbrella insurance or want to find out more about it, call us at Everett Insurance in Glen Allen, VA to schedule a time to talk to an agent about this type of coverage. It may be a great way for you to save money on better coverage. 

Does Your Home Need a Flood Insurance Policy?

Having flood insurance can be an important part of protecting your home. Even if you’re not in a flood zone, where your lender would require the insurance, it can still be valuable. Not only does it add to your peace of mind, but it’s worth remembering that it can flood anywhere it rains. At Everett Insurance, we’re committed to helping customers in the Glen Allen, VA area get the right flood policies for their homes. That way, they’ll have the extra protection they need and deserve, so they don’t have to worry when it storms.

For homes that are in the flood zone and have a mortgage, a flood policy is required. Standard home insurance policies don’t cover floods, so the extra coverage is something a lender will ask for. Homes that aren’t in the flood zone, or homes that don’t have a mortgage, don’t have to have flood coverage. But it’s still a good idea to have a policy for those "just in case" kinds of issues. You’ll sleep better at night knowing that your home is protected, and if there’s a flood, you won’t lose your largest asset due to a lack of coverage.

If you’re in the Glen Allen, VA area, reach out to us today at Everett Insurance. We’re here to help you get the flood insurance you’re looking for. Whether you need to satisfy a lender’s requirements or you want to make sure you’re properly protected for your own peace of mind, we can help. There are options to consider for levels of coverage, and we’ll work with you to choose the one that’s right for your lifestyle and needs. Our agents can answer all your flood policy questions, too, so you can make an informed choice about your policy and your coverage levels.

How much life insurance is enough

Most people, especially when they are young, don’t spend a lot of time thinking about life insurance and how much is enough. The reality is that you probably have life insurance as part of a benefits package from your employer and unless something happens to bring it to mind, you assume that you have enough and just let it go at that. Deciding the type of life insurance you should get, and the amount you may need help with doesn’t have to be difficult. At Everett Insurance in Goochland, VA, after 86 years as part of the community, we are the trusted choice to help with life insurance and any other insurance you may need. 

Your requirement for life insurance is not the same throughout all the years of your life. Life insurance is something you purchase to protect your loved ones. When you are young and single, you may not care about leaving a lot of money for your parents. It would help if you had enough to pay any debts and pay for your final expenses. This may not require you have very much, and what you already have from your employer may be enough. 

As you add more responsibility to a spouse and family, your need to consider how much life insurance will be enough to keep them comfortable if you are not there to support them. Many things factor into this decision, your salary, how many people depend on you for support, and how long they need to be supported. 

As your children grow up and leave home, you will likely need less life insurance, but you may still have obligations. Life insurance is a safety net that has a place throughout your entire life.  

Contact Everett Insurance in Goochland, VA to discuss your life insurance needs. 

3 Reasons You Need Full Coverage Auto Insurance

You already know that you have to have liability coverage at least to stay legal on the road. But have you thought about adding comprehensive and collision to your policy? Doing so is usually the best idea and can really protect you financially if you’re in an accident.

Our team at Everett Insurance in Glen Allen, VA has put together a brief guide explaining why it is so important to help you make your decision. Here are three reasons you need full coverage auto insurance.

1. Cars Are Expensive to Repair

Let’s face it; auto repairs aren’t cheap. Having comprehensive and collision insurance on your car insurance policy can keep you from having to pay out-of-pocket for damages if something unexpected happens. This includes weather events, hitting a deer, or even theft, too.

2. Your Bank Likely Requires It

If you still have a loan on your vehicle, your bank likely requires you to carry full coverage insurance. They do this so that if the car is ever repossessed, they have the ability to repair any damage and resell the vehicle. However, even if you’ve already paid your loan off, it is still a good idea to keep comprehensive and collision coverage on your policy.

3. Other People Aren’t Always Responsible

Although it is the law and you’re doing your part to stay legal, not everyone is responsible. If you’re involved in an accident with an uninsured driver, you’ll need collision coverage on your own policy to keep from having to pay for all of the repairs on your own. While you’ll be subject to your deductible, the insurance company will work on your behalf to try to collect damages from the other party. At the same time, you get to go ahead and have your vehicle fixed immediately.

Buying Full Coverage Auto Insurance is Easy

As you can tell, adding comprehensive and collision to your Virginia auto insurance policy is definitely a good idea. Thankfully, the process is super easy. Need to take a look at your current Glen Allen, VA auto insurance coverage? Please get in touch with our team at Everett Insurance today to schedule an appointment.

What is included with a standard commercial insurance policy?

Running a business can be a great way to earn a living. If you are going to start a company, you will have many important decisions to make daily. One choice you will need to make is whether you should cover your business with commercial insurance. For companies in the Goochland, VA area, there are many forms of coverage that make it a good idea to invest in a commercial insurance policy. 

Protection Against Liability Risk

If you are going to sell a product or service to a customer, you will take on a certain level of liability risk, along with every sale and interaction. If something goes wrong and results in damage or injury to another party, you will need to pay for damages. With commercial insurance, you will have the protection and capital needed to settle claims and pay for damages.

Protection to Ensure Assets are Covered

You also will receive a certain level of coverage from commercial insurance that will cover your assets. If you are going to invest in starting your company, you will have to purchase some assets to get the business moving. Fortunately, you will be able to cover and protect those assets with a commercial insurance policy. This will give you the resources you need to repair or replace these items.

As you are looking to improve your business in the Goochland, VA area, it is a good idea to speak with the team at Everett Insurance to discuss your needs. The team here can ensure that you are properly covered at all times. Everett Insurance spends time with its customers to assess business needs and then choose the right commercial insurance policy. 

Three major home insurance coverages that every new homeowner should consider

Just bought a new house? Congratulations. You can finally settle down with your family in your own space. However, are you entirely safe without insurance? Not really.

If you bought your home through a mortgage in Glen Allen, VA, your lender might have already mentioned the value of home insurance. In fact, it is a requirement by most lenders to protect their investments. At Everett Insurance, we help new home buyers find the essential coverages for their homes to protect their valuables and loved ones.

Home insurance comes with many beneficial coverages, but here are the significant coverages you may want to consider buying first.

1. The dwelling and other structures coverage

Whether you just bought a new or an old home, the first thing you want to do is ensure that the entire dwelling and other structures such as the detached garage, the shed, the fence, gate, and any other separate structure are covered. By dwelling, we mean windows, doors, roof, ceiling, and the walls. The dwelling coverage is essential as it protects the fundamental investment in a fire or natural disaster.

2. Personal belongings coverages

The contents you keep in your Glen Allen, VA house is what we refer to as personal belongings. These include furniture, appliances, electronics, and clothing. Depending on the value of these items, you may want to cover them in the event of a fire, theft, or vandalism. For priceless or highly valuable content, you should consider buying separate coverage to insure them.

3. Property and bodily injury liability

This coverage protects you from financial losses in the event of an accident where other parties are injured at your home, or someone in your family causes property damage to other people. This coverage will pay for medical bills for the wounded and pay lawsuits if you are sued for the damage or injuries.

For all your home insurance needs, feel free to talk to us at Everett Insurance, and we will be glad to walk you through the journey.