How Often Should Home Insurance Be Updated?

When buying a home, a lot of people learn a lot about home insurance very quickly. No lender is going to sign a loan without it, so you probably have some sort of coverage. What most Virginia Beach, VA, homeowners don’t realize is that their policy needs to grow and change with their home. These are just a few changes that should signal to you that it’s time to check your policy.

Changes to the Home

You might already suspect that a major remodel can change the value of your home and justify a call to your Insurance Shopper VA agent. What you might not realize is that substantially smaller changes can still merit an update to your policy. Big-ticket purchases, like a high-end entertainment system or a professional-grade pool table, can absolutely change your coverage needs. Most importantly, adding a swimming pool (even the above-ground kind), requires a different approach to liability.

Lifestyle Changes

As important as it is to make sure you valuables are properly covered, lifestyle changes can often impact your premiums even more. Most people assume that quitting smoking could improve their health insurance or life insurance, but it can also positively impact your home insurance. Another big lifestyle change that might save you money is retirement. Obviously, details will always vary, but plenty of insurers offer special programs to retirees (they tend to be home more and that reduces liability risk for the property). Even something as simple as getting a dog will change your needs. Dog bites are a whole new liability issue, and you want your furry friend to be protected too.

Here’s the thing. It doesn’t cost money to call Insurance Shopper VA and speak to an agent. The worst that can happen is you spend a few minutes learning that you’re in great shape, and you can keep right on with your Virginia Beach, VA, lifestyle. So, if you make some big changes, remember your agent and make sure your coverage is still in the right place.

 

Types of Commercial Insurance

There is a range of insurance types you need to know about, especially when you are running a business, and one of those types is called commercial insurance. Within commercial insurance, there are various types of insurance, and at Insurance Shopper VA serving the Virginia Beach, VA, we want to keep you informed. Here are some of the most common commercial insurance types. 

Workers’ Compensation

When you have employees, it is essential to have workers’ compensation insurance, which helps if an employee is injured on the job. No matter what type of work your employees do, workers’ compensation insurance is something you need.

Property

Property insurance, as its name implies, covers damage and loss to both personal and real property. A fire that damages property in an office is one instance in which that insurance would be relevant. There are many other examples of times when property insurance is needed. No business can go without this type of commercial insurance.

Liability

Liability insurance is just as essential as the other types of commercial insurance. it is designed to help in situations when there are injuries to certain people, such as customers, who are injured while they are on your property.

Numerous other types of commercial insurance exist, including boiler and machinery insurance, builder’s risk insurance, debris removal insurance, inland marine insurance, glass insurance, business interruption insurance, errors, and omission insurance, crime insurance, and malpractice insurance.

Would you like to get more information about commercial insurance or any other type of insurance? Contact us at Insurance Shopper VA serving the Virginia Beach, VA, and we will be glad to help. We can help you decide what insurance you need based on your unique needs.

Virginia Is For Knowers: One Way That Auto Insurance In This State Differs From The Rest Of The Country

Insurance Shopper VA serving the Virginia Beach, VA and surrounding areas takes an extraordinary amount of pride in how they serve their customers and the beautiful community of Virginia Beach VA as a whole. Our particular concern for the residents of our beautiful area made us wonder all the more. Virginia is the only state in the union that has an uninsured motorist fee. Essentially drivers can register their vehicles without liability insurance. That’s right, If they pay a $500 uninsured motorist fee they can register a vehicle without insurance.

Why leave yourself uncovered?

What we urge all of our clients to do is to consider the liability and risk that is undertaken if you drive without insurance. If you are found to be liable or culpable in a motor vehicle accident, whether it is your fault or not the injured party can attempt to obtain your assets.

Your assets include your home, your car, real estate property, anything that you own that has financial value would be subject to seizure if a court deems it so. Having no car insurance also poses a significant risk to your own health and well-being. No coverage at all leaves you without any resource. 

Your Wise – The Risk Is Not Worth IT

The products we offer at Insurance Shopper VA are more than adequate to protect you from any personal liability in the event of an accident.  The peace of mind that comes with owning a comprehensive, and affective insurance policy far outweigh the risk of driving without one.  Call, stop in, or peruse our user friendly website to understand more about how we can protect your automobile. You can also learn about all of the other insurance products that we offer.

Protection In A Complex World

Lawsuits have become a more common situation that more people face than ever before. Many times the damages and costs become astronomical. From an auto accident with injuries to a business contract that appears to have been breached in some manner, the unthinkable can happen to anyone and at any time, and they find themselves facing a massive lawsuit. The situation can spiral out of control and no standard auto, home, or commercial insurance policy is able to meet the demands of such a devastating situation. Umbrella insurance picks up the slack and fills in those gaps that develop when regular insurance is exhausted.

Whether you own multiple properties in the Virginia Beach, VA area, have a business interest, or simply drive to work every day, it pays to consider the vulnerabilities you may be exposing yourself to. Discussing these issues with our agents at Insurance Shopper VA when you don’t face any kind of legal action means a calm examination of these unpleasant possibilities. It also means you have a better experience if you ever do face a lawsuit.

Plan ahead now and have the protection in place that will support you during such an ordeal. This will provide opportunities for you rather than add further distress to your lifestyle and your family. Umbrella insurance was designed to provide coverage and protection in just such cases. Here at Insurance Shopper VA we have the knowledge and experience to help you choose an umbrella insurance policy that works for you. With all the most recent policies available right up to the moment, we’ll make sure you find the coverage that will give you peace of mind. We love the Virginia Beach, VA communities we serve and we hope we can visit with you soon.

Protecting You and Your Home From a Flood

Depending on where you are in Virginia Beach, VA, floods may be a threat to you and your property. Although there are certain times of the year that may provide a greater risk of flooding, there is a potential risk all year round. While you can’t prevent the water from rising, there are some things you can do to minimize the risk of damage of the water. Here a  few tips to help protect you and your home from a flood.

Be Prepared

One of the most important things you can do when preparing for the possibility of a flood is to understand the power of water. It could be fast moving, so if you are asked to evacuate-do so. If you choose to remain in your home, go to the highest level in your home and remain there until it is safe. Do as many preparations as possible before there is even a flood risk. For example, build sandbags and store them in a dry area and check your home for areas that have a high risk of water entrance. If a flood alert has been issued, charge all phones and make sure flashlights have fresh batteries.

Backup Data

Computers are used to store a lot of information; from pictures to personal information, so make sure to back-up your data well in advance. There are a variety of different ways to do this, such as a cloud backup service or copying everything onto a USB drive. Remember to keep information, such as passwords a cloud service in a safe location that isn’t at risk of water damage.

While you cannot prevent a flood from happening, you can minimize the damage by being prepared. One of the most important things you can do when preparing for a flood is to have flood insurance. If you do experience flooding, remember to never enter your home until it is safe to do so.

Residents in and around the Virginia Beach VA area interested in learning more information about flood insurance should contact Insurance Shopper, VA.

5 Important Reasons to Get Condo Insurance

As the proud owner of a new condo in Virginia Beach VA, one of your first priorities should be to purchase condo insurance for your individual unit. Condo insurance from Insurance Shopper VA will protect your new home and personal goods against the risk of fire, theft or natural disasters. Here are a few good reasons to consider individual condo insurance on top of your master condo policy.

Personal Goods: Personal property insurance protects your personal goods from theft, vandalism or damage due to an unforeseen catastrophe. If a fire were to ravage your condo, for example, this coverage would help cover replacement costs of such items as clothes, jewelry, furniture, electronics, etc., so you don’t have to spend thousands of dollars recouping these goods out of pocket.

Personal Assets: Liability coverage protects you against lawsuits if a guest were to have an accident on your property. It also protects you against lawsuits by other condo owners if you cause damage to their property, either by accident or due to negligence on your part.

Loss of Use: If your condo were to be severely damaged by water or fire, you may need to stay elsewhere while it is being repaired. Loss of use insurance coverage helps cover the cost of renting a hotel room or apartment temporarily while your condo is under repairs.

Protection for Alterations: Major home improvements may not be covered under your Master condo policy. By obtaining alternations and additions coverage, you can protect these investments against any eventuality.

Peace of Mind: Condo insurance will give you peace of mind to enjoy your condo to the full without worrying about theft, loss or damage to your home or personal property. For more information on condo insurance options and costs, contact your Insurance Shopper VA agent in Virginia Beach VA.

Types of Life Insurance

Have you been searching for a life insurance plan but you don’t know the right plan that will suit your needs? There is a broad range of life insurance plans you can consider. You will be in better position to pick a suitable coverage from insurers like Insurance Shopper VA in Virginia Beach, VA if you familiarize yourself with the common types of life insurance plans.

Life insurance policies are categorized depending on the terms of coverage. The categories include:

Term life insurance

This plan is the most basic type of life insurance and is designed for people below the age of 50. This plan is written for a certain period of time (1-10 years) and is renewable once the term is complete. The premiums may increase once the term ends, particularly for older individuals.

Whole life insurance

This policy combines a savings component with permanent protection as long as the insured continues to pay the premiums. A section of the premium is accrued as cash value. You can be allowed to borrow a section of your policy’s cash value as the plan continues to gain value.

Universal life insurance

A universal plan is similar to whole life although it offers an added benefit of higher earnings on its savings component. The policy is more flexible when it comes to the premiums and face value. The premiums can be decreased, increased, or deferred while the cash value can be withdrawn.

Variable life insurance

This is another life insurance plan that offers fixed premiums. The policyholders can invest their cash value in bond, stock, or money market-based investment alternatives that the insurance provider offers. The death benefits and cash value can fall or rise depending on the performance of the chosen investment option.

You can get any of these policies from Insurance Shopper VA, a company that serves the entire Virginia Beach, VA area. Talk to us for more details.

Some House Alarms Qualify for Coverage Discounts, Some Don’t

There is no question that a Virginia Beach, VA house alarm meets the definition of a risk prevention measure, and in the world of insurance what reduces risk means a potential reduction in the cost of coverage for an insurance provider. While many insurance providers don’t automatically assume that an alarm stops break-ins, they do recognize that the systems make a homeless of an attractive target. And in that respect providers are willing to discount coverage costs many times for the presence and installation of a proven alarm system. Again, a lot of this acknowledgment is due to the fact that an alarmed home raises the chances of being caught, which is not what a thief wants to be exposed to when it can be avoided, according to cases seen by staff at the Insurance Shopper VA.

However, keep in mind that not every Virginia Beach, VA alarm system qualifies. Known brands by major alarm companies that also provide remote monitoring tend to be the most successful. These services combine on-the-premises alarm systems along with living staff who will react to an alarm signal after a number of minutes and call the local police to respond. A store-bought sound equipment that has no such monitoring and follow-up is unlikely to get the same response from an insurance provider, even though it may very well since an intruder and go off. To know for sure which services will likely generate a discount, a homeowner is best off asking the provider directly or choosing a policy that specifically includes a discount for an alarm system with detail as to what type and what is required. To find out more about how such discounts can be obtained and applied, the experts at the Insurance Shopper VA can help. Give them a call today to find out more.

What Is Covered With A Commercial Insurance Policy?

Virginia Beach, VA has always been a popular tourist spot. Fishing is a big draw and the sport requires boats. Boats that take tourists fishing are considered to be a commercial enterprise and require commercial insurance according to the State Corporation Commission of the Commonwealth of Virginia.

A commercial insurance policy provides a wide variety of protection for boat owners, employees, and the tourists who use the boats to enjoy the fishing in Virginia Beach, VA. Insurance Shopper VA has been providing this type of protection for boats and businesses for the last 20 years.

Commercial liability insurance provides protection from damage to property, injury to people, crime, damage caused by repair contractors, some acts of nature, and even acts of terrorism.

Some common circumstances can clarify what can be covered.

A fishing customer who is injured while fishing could sue the owner of the boat for the injuries, pain, and suffering, and lost wages. Commercial insurance covers this cost.

An unscrupulous employee may steal a valuable part of the boat’s equipment that is needed for the boat to operate. Commercial insurance can cover replacement costs for the lost equipment.

You could accidentally ram another vessel. Your commercial insurance policy would pay for damage to your boat and the boat you hit.

A new addition to commercial insurance protects the boat owner from any loss if their boat is used by a person in the commission of an act of terrorism.

The job of Insurance Shopper VA is to work with each individual boat owner to determine exactly the type of coverage that they need. The size of the boat, the number of people taken on any fishing trip, the size of the engines, the number of crew members, and the certifications of all crew members play a part in the determination of the best coverage for each individual.

We spend time with you so that the policy fits you. That means you are protected as completely as possible based on facts and planning.

What’s Covered Under Your RV Insurance?

Your RV may serve a number of functions in your life ranging from “pleasure cruiser” to “home, sweet home.” With RV insurance, you can protect this valuable investment so you can continue to enjoy its many benefits. A chat with an Insurance Shopper VA agent can give you a better understanding of RV insurance options at your disposal. A basic policy may cover the following:

Liability Coverage

Liability coverage protects you against injuries or property damage sustained by others in an accident you cause. If you hit another vehicle while traveling and cause injuries to the driver or passengers, your liability insurance will pay their medical bills and the repair of their vehicle so you won’t be held liable.

Collision/Comprehensive Coverage

Collision coverage will help pay for damages to your RV if you collide with another vehicle or object when traveling. If your RV is stolen or suffers damage from inclement weather, fire or vandalism, comprehensive coverage can help repair or replace your unit, depending on the extent of the damage.

If you travel frequently around Virginia Beach, VA or surrounding areas in your RV, you’re more susceptible to accidents. Adequate insurance protection will give you greater peace of mind in your travels.

Additional Coverage Options

If you’re traveling with valuable camping gear or electronic gadgets or simply want to safeguard your personal effects, you can get insurance coverage to protect these assets against theft or loss.

Other coverage options include emergency towing and the rental vehicle in the event you have a breakdown on the road. It also doesn’t hurt to obtain uninsured/underinsured motorist coverage to protect you and your RV against drivers that don’t have adequate insurance coverage.

Learn more about RV insurance and what it has to offer by contacting Insurance Shopper VA in Virginia Beach, VA.