Maximize Your Auto Insurance Savings With These Discounts

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Auto Insurance Discount in Seattle, WashingtonWhen it comes to auto insurance it seems like all we hear about is discounts. But what discounts are there and who is eligible for them? Let’s take a closer look.

  • Bundle Discounts: Bundling multiple policies like auto and home or auto and renters with the same insurance carrier can save you some money. The logic is that the more policies you have, the longer you will stay insured with the carrier.
  • Multi-vehicle Discount: If you insure more than one car on the same policy, you’re eligible for a discount. Any car is eligible for the discount if it is on the same policy.
  • Teen Driver Discount: Teen drivers are expensive to insure, there is no way around it. Fortunately, some carriers are more forgiving and give you a discount if they’re on your policy.
  • Good Student: The logic is that a smart student makes a smart driver. If your student driver maintains a 3.0 or better GPA, you may be eligible for a discount. This is great for parents needing to motivate their children.
  • Safe driver (accident-free): Many major insurance carriers will award safe driving discounts to drivers who have been accident-free for several years. The criteria vary between insurance carriers.
  • Military: Active and veteran military members are often eligible for discounted auto insurance. Ask your insurance agent to see if you qualify.
  • Early quote/signing: If you are looking to change insurance carriers or upgrade your auto insurance, getting a quote (and signing up) before your current policy has expired may get you a discount. You may need to get a quote within a certain number of days before your policy expiration, so check with your agent.
  • Paid-in-full: You’ll see the discount reflected in the price when you are presented with your options for paying your auto insurance policy. Paying off the policy in full will cost you a little less than paying every month.
  • Paperless: Don’t want to get a paper statement? Great, you get a discount. Most major insurance carriers offer discounts for customers who choose to do automatic billing and receive emails rather than paper statements.
  • Auto-Pay: When you opt for automatic payments for your insurance whether by credit card, checking draft, or debit, you can earn a discount.
  • Loyalty: Staying with the same insurance carrier year over year could earn you a discount for every loyalty milestone you hit. Typically, these rewards not only include a discount on the cost of your policy, but they can also include accident forgiveness.
  • Tracking Devices: Many companies now offer tracking devices for your vehicle. If you’re okay with your insurance company monitoring your driving behavior, you can earn a discount.

More important than insurance savings is having the right protection. That’s why it is important to reach out to a licensed agent in our office to review your coverage. Getting the cheapest policy isn’t always the best decision if you have assets to protect. Insurance quotes take just a few minutes but the right advice and consultation about the right coverage can save you a lifetime of hardship.

Snowmobile Insurance Coverage & Common Questions

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Snowmobile Insurance Coverage & Common Questions in Seattle, WashingtonRiding a snowmobile, or snow machine is an exhilarating experience. Riding a snowmobile across an ungroomed open field with powder snow flying away can be memorable but comes with its share of risks.

Regardless of whether you enjoy sledding fast, slowly in a group, in steep terrain or in poor conditions, it is important to protect you, your passengers, your sled and yourself from injury or damage.

Some of the common snowmobile insurance coverage options can include:

  • Comprehensive & Collision Coverage: Comprehensive coverage will protect your snowmobile from theft, vandalism, fire, or a collision with an animal. Collision coverage will provide coverage for the sled from incidents where it is damaged from colliding with another object (such as a tree or fence) or another vehicle.
  • Bodily Injury Coverage: Provides medical coverage to pay for 3rd parties where you are found to be at-fault for an accident.
  • Property Damage: Provides coverage to pay for property damage you cause if you are found to be at-fault for a covered loss.
  • Medical Payments: Different from Bodily Injury coverage, this one is for you or your passenger’s medical bills.
  • Custom Parts & Equipment: Covers parts that did not come factory installed on your sled. This can include things like custom paint and cargo racks.

Most asked questions about snowmobile insurance

  1. How much does snowmobile insurance cost? Snowmobile insurance premiums are calculated by algorithms that use factors such as your age, the type of vehicle being insured, your previous loss history and your gender.
  2. Is snowmobile insurance required? Depends. If you are using the vehicle on privately owned land such as a farm and you do not have a loan on the vehicle, you likely do not need to insure it. If you are using the vehicle on public lands or roads, then you will need to have liability insurance. If you have a loan on the vehicle, you will be required by the lienholder to carry full coverage.
  3. How do I get a snowmobile insurance quote? We can provide you with a snowmobile insurance quote in just a few minutes. Furthermore, you can purchase coverage right over the phone so you can get out and enjoy the outdoors without having to worry about being properly covered.

Call an agent in our office today to discuss your insurance needs. As an independent insurance agency, we represent the top names in insurance and can quote multiple insurance companies so you get the best discounts and coverage.

Should I Consider a High-Value Home Insurance Policy?

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High Value Home Insurance Seattle, WAIf your home is damaged or destroyed, homeowners insurance makes it possible to repair or rebuild it without paying out of your pocket. A standard homeowner’s insurance policy covers the physical structures of your home plus its content. That means the policy will protect you if you suffer a burglary or damage to the property by an act of vandalism, natural disaster, or accident.

But like all insurance policies, homeowner’s insurance has policy limits. That is the maximum you can expect the insurer to pay you for a particular loss. The policy limit for homeowner’s insurance depends on the replacement cost of the home; what it would cost to replace it. The average value of homes in the area determines the policy limit for most standard homeowner’s policies.

That is fine as long as your home is like the average home in your neighborhood, cost wise. But if you own an expensive home, the standard homeowner’s insurance policy might not be enough, warns WRents.com. That’s because the policy limits of standard homeowners insurance mean it cannot pay you enough money to fix or rebuild your home if it becomes necessary. That would defeat the whole purpose of buying home insurance.

That is where high-value home insurance comes in. What is high-value home insurance, and do you need it for your property?

What is high-value insurance?

High Value Home Insurance Agent Seattle, WAHigh-value home insurance is a unique type of homeowner’s insurance designed to cater for the needs of high-value homes. A high-value home is any home with a replacement cost of $750,000 or more. This amount represents how much it would cost to rebuild the house to its original condition if it gets destroyed. Some insurance companies use $1,000,000 as their baseline, but $750,000 is the standard cut-off for high value-homes.

This replacement cost is not based solely on the cost of rebuilding the home’s physical structures and primary systems. It also includes the cost of the finishing, cabinetry, roofing, built-in appliances, and lots more. If a home has custom features or expensive content that will cost a lot of money to replace, there is a good chance it will need high-value home insurance.

What is included in high-value home insurance?

1.      Higher coverage limits

Naturally, high-value home insurance offers broader coverage than the standard homeowner’s policy. Any losses not excluded by a high-value home insurance policy are assumed to be included in the policy. Most high-value insurance policies include guaranteed replacement costs. That is an assurance that the policy will not only pay the replacement cost of your home but will do so even if the costs exceed your policy limits.

2.      Cash settlement

With a high-value insurance policy, it is not compulsory to rebuild your home with the money you get from the insurance policy. You can take the cash and build the home elsewhere or spend it on something entirely different if that is what you want.

3.      Enhanced coverage for possessions

Policyholders also enjoy higher coverage limits for personal items. These include cash, art pieces, jewelry, antiques, and heirlooms. The policy may also cover items used for your business that are kept in your home. High-value home insurance may also include coverage for identity theft.

4.      Higher limits for personal liability

The base limit for personal liability is higher than the $100,000 typically available under a standard homeowner’s insurance policy. The liability coverage will also often include the cost of defending yourself against claims of slander, defamation, or libel.

5.      Higher coverage costs for additional living expenses

High Value Home Insurance Agency in Washington StateThe coverage limits for living costs incurred when your home is under repair are higher under a high-value home insurance policy. Moreover, the insurance company will often book the hotel directly, saving you the hassle of filing for reimbursements. The covered costs may also include meals and laundry while staying at the hotel.

6.      Dedicated customer service

The insurance company will often assign you a devoted customer service assistant after buying a high-value home insurance policy. This person will handle most of the tasks that the policy needs. Examples of such tasks include filing claims, finding & hiring contractors, scheduling an appraisal, booking a hotel, and paying for it (if you need it while the home is undergoing repairs).

7.      Other benefits

Purchasing a high-value insurance policy will give you access to higher levels of expertise, care, automatic coverage for water backup, and landscaping.

Do you need high-value home insurance?

You need high-value home insurance if your home meets one or more of the following criteria:

  • The home has a replacement cost value of around $750,000.
  • The house is larger than the average home in your area, or it has custom features and expensive finishes.
  • There are one-of-a-kind items in the home that are hard to replace.
  • It is a heritage home or has unique architectural features.
  • The property contains costly or priceless items.
  • It has features that were made using unusual building techniques.
  • It has high-end appliances that you cannot see in standard stores.
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