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.

When Do I Need Workers Comp Insurance in Virginia?

Workers’ comp insurance provides support if and when people are injured while on the clock. If you’re wondering whether you need workers comp insurance in Goochland, VA, you’re not alone. The rules for employers, employees, and contractors can be confusing if not downright obscure. Everett Insurance has a few tips for business owners who want to remain compliant. 

It Depends 

The answer to this question depends on how your business is structured, what kinds of employees you use, and how they’re classified. Those who work as independent contractors or sole proprietors may not need it, but they should always check first with the Department of Labor before they make any assumptions. If you aren’t covered, then you may have difficulty getting work with certain clients, again depending on how your business is structured. 

Why Workers’ Comp Matters 

In general, the requirement is not the issue. The larger point for the people Goochland, VA is that workers’ comp insurance is necessary for nearly anyone. Even people working in relatively low-risk jobs, such as an office position, are still at risk of being harmed while on the job. Having to take time off for an injury can be catastrophic for a person’s finances, and very few people will be able to weather the storm without some degree of outside help successfully. 

Everett Insurance wants you to have the coverage that you need to keep both you and your business afloat during the worst of times. If you have questions about how the right workers’ comp insurance policy can help, we’re here to fill in the gaps. Call us today to tell us more about your business, and we’ll let you know the best direction to take. 

An Overview Of What Classic Car Insurance Entails

Based out of Glen Allen, VA, Everett Insurance is an independent insurance agency. We provide our clients with access to multiple insurance policies to ensure that they receive the coverage that they need. We strive to serve our clients while maintaining integrity at all times.  

Discovering Classic Car Insurance

At Everett Insurance, we are aware of the value regarding classic cars. Many people consider classic cars to be their most prized possession. Classic car insurance helps you protect your asset.

According to Virginia law, a classic car is considered a vehicle that is over 25 years old. Classic cars must undergo regular state inspections. In order to maintain their classic status, drivers are not allowed to use their vehicles daily. Make sure that you take care of the vehicle, and if possible, promote it at different automotive shows. 

Special Collection Coverage

Your classic car insurance policy will cover you in the event that you get into an accident. However, one way that a classic car insurance policy is different from a traditional policy is special collection coverage. After you have your car appraised, you can receive a fair estimate of how much your vehicle is worth. The appraisal should help you figure out how much coverage your vehicle needs. Also, your policy will likely contain detailed language that explains how many miles you can put on your vehicle during the year. In some cases, your policy may exclude you from driving the car at all unless you are going to a classic car show or event.

Everett Insurance Can Assist You

We understand that figuring out the right type of classic car insurance for your vehicle can be complicated. That’s why we encourage you to stop by our office in Glen Allen, VA, so that we can help you find the right policy.

Can Renters Install Home Security Systems?

Home security systems are ideal for both homes and rental units or apartments. With today’s advanced technology, systems can be installed without having to access the building’s wiring or electrical system. At Everett Insurance, renters who live in Glenn Allen, VA are able to get the information they need from a reputable and reliable source. They also have the advantage of working with a local insurance agent who specializes in meeting all their needs.

Do It Yourself Home Security Systems

Do it yourself home security systems operate using a wireless or Bluetooth connection. This means that they do not have to be hardwired into your home’s electrical system. They are battery operated and extremely easy to install. In most cases, a basic home security system can be installed in an apartment and set up within 30 minutes. All the renter needs is a reliable Wifi connection and a convenient app that can be downloaded to their smartphone or tablet.

Easy to Relocate

One of the best things about choosing a DIY home security system is that they are easy to relocate. Most people only live in an apartment until they can afford to purchase their own homes. DIY systems can be taken down and relocated with ease. Once you turn it back on, it continues to work just like it did in the apartment.

In Glenn Allen, VA, renters who want to add an additional layer of security to their apartment can install a DIY home security system without disturbing any part of the structure of their dwelling. The agents at Everett Insurance can help determine what type of system is best and what features you should look for.

Do I Need Umbrella Insurance?

You have auto insurance for your vehicle, and you have some sort of insurance for where you live (whether it is home owner’s condo owner’s or renter’s). You do what you can to protect your property and your valuables, so if anything were to ever happen you’d have insurance coverage. However, what about umbrella insurance? Umbrella insurance doesn’t cover one thing specifically but instead offers protection for everything. If you already have insurance for your other valuable investments and items you own, do you really need umbrella insurance? Here at Everett Insurance, we are here to help you with all your possible umbrella insurance questions. 

Own Your Properties

Do you own your property? If so, you might be a prime candidate for umbrella insurance. Umbrella insurance offers additional liability protection. If someone is injured on your property you will want to have this coverage as it gives you additional financial protection in the event of a lawsuit. If you are a renter, you may not need this kind of coverage. 

Multiple People Living In Your Home

Do you live with your family? Do you have children? You may want to consider umbrella insurance. It’s hard to know what your children are doing or what other people in your family are doing at all times, but as the property owner and head of the household, you might be liable for their actions. Additional umbrella insurance for your cars and other items you own will help give you this protection in Goochland, VA. 

Consider Umbrella Insurance

Umbrella insurance isn’t for everyone. However, if you believe you might need additional liability coverage for what you own, umbrella insurance is perfect for you. But if you’re still on the fence and in the greater Goochland, VA area, our staff here at Everett Insurance is here to help. So, give us a call at your earliest convenience.