Unique Insurance Policies in Lakewood, WA

Ever wonder what celebrities insure? You might be surprised.

Unique Insurance Policies

Unique Insurance Policies in Lakewood, WAWhen it comes to the insurance world, you can pretty much insure anything. There are companies that insure things for the obvious insurance reasons of liability, but also some that take risks on things like how much snow will fall in the mountains for a ski resort.

But, when it comes to making a living for celebrities, they are known for their talents! Celebrities have been known to insure their bodies for huge figures up to one billion dollars!

Some items insured by celebrities or other entities include:

  • Voice: Singers are known to insure their voice. After all, it is their voice that creates their income so insuring it ensures they will be able to make a living in the event something happens to their voice.
  • Body parts: Models insure everything from their legs and hands to their teeth and hair! Remember, insurance is about insuring your financial future.
  • Rewards: Reward have been taken out by anyone from car dealerships to cover promotions gone wrong to rewards for providing proof that the Loch Ness monster exists!
  • Abduction – by aliens! You read correctly, people have taken out insurance policies in the event they’re abducted by aliens!
  • Whiskers: Some people have amazing beards! And, as slow as they grow, it would be wise of them to insure their impeccable whiskers.
  • Insuring against a lottery: Some employers take out insurance policies in the even that more than one of their employees wins the lottery and quit, they can cover their business until they find replacements.

If you have questions about your home, auto or renters insurance, call the insurance agents at Insurance Unlimited. They have years of insurance experience and can help you insure everything from your home to your auto or commercial Insurance. They live where you do and are an independent insurance agent, so they can help you find the right company to fit your needs. You can also check out their website, 24/7.

Insuring Comic Books, Antiques, Fine Art, and More in Lakewood, WA

Are Your Collectibles Covered by Insurance?

Insuring Comic Books, Fine Art, Antiques & More

Insuring Comic Books, Antiques, Fine Art, and More in Lakewood, WASo, you’ve got an Amazing Fantasy #15 comic book – the first appearance of Stan Lee’s Spider Man in a safe from when you were just a kid. What you probably know is that this item can be worth tens of thousands of dollars, but what you probably don’t understand is what happens if that item is lost, stolen or destroyed by a disaster in your home.

Many of us acquire valuable items from inheritance, being collectors or investment purposes throughout our lives. Perhaps you received a valuable old watch, or received an expensive engagement ring.  Often time people assume that these collectibles will simply be covered by your standard home insurance policy as a covered item. What is important to understand about insuring these items is that your standard home insurance policy has specific limits for these valuable items. Typically around $1500, but this amount varies between companies. So, if you have a watch worth $10,000 you’ll have a gap of $8500. What you need to talk to your insurance agent about is getting something called a “floater.” A floater is a type of insurance policy that allows you to insure a specific item. One way to remember a floater is that the items it covers tend to be able to float away (be carried away). Thus, increasing the chances of theft or damage.

Some valuable items to consider adding to a floater include:

  • Watches
  • Rings, necklaces and other jewelry
  • Art
  • Furs
  • Historical Documents
  • Comic Books
  • Antiques
  • Expensive electronics

While they may not have an expansive comic book collection or a one-of-a-kind fur coat from the 30’s, if you have questions about your home or renters insurance, call the insurance agents at Insurance Unlimited, Inc. in Lakewood, WA. They have years of insurance experience and can help you insure everything from your home to your auto or commercial Insurance. They live where you do and are an independent insurance agent, so they can help you find the right company to fit your needs. You can also check out their website, 24/7.

 

Tips to Consider Before Renting a Moving Truck in Lakewood, WA

I’m Renting a Moving Truck. Do I Need to Buy Their Insurance?

Tips to Consider Before Renting a Moving Truck

Tips to Consider Before Renting a Moving Truck in Lakewood, WAEvery time you rent a moving truck, you are faced with the question, “do you want to buy insurance?”  The answer to needing insurance or not really depends solely on the size of the vehicle (in addition to what coverage you currently carry, of course) as well as whether or not it is even a vehicle.

The coverage that the rental car company is selling you is collision and comprehensive coverage and, since this vehicle is replacing your existing one temporarily your most standard auto policies will cover the usage of a temporary replacement vehicle usually up to 10,000 GVW. If a vehicle is over this GVW, it would be excluded from coverage. Additionally, if the cab is separated from the bed, this will also create an exclusion from coverage for most auto insurance policies.

Truck rental companies typically offer four types of coverage:

  1. Damage Waiver: covers you in case of damage to the truck. If you do not purchase this coverage, you are responsible for any and all damage to the vehicle, no matter what the cause. If you decide to decline this coverage, you may be responsible to pay the damages to the truck even if they are not your fault. Something to keep in mind is depending on the extent of the repairs, you may be held responsible for loss of use on the vehicle.
  2. Liability Coverage:  covers you in case you hit something or someone. Your auto policy may cover this, but please call us in advance before you rent a vehicle to make sure. Each company is different.
  3. Cargo Coverage: Your auto policy will NOT cover any cargo that you are carrying. Period. If you are moving valuables, you may consider this coverage, depending on the values. If you’re moving a mattress or other item that will likely not be damaged, it would probably be wise to save your money, but only you can decide.
  4. Personal Injury Protection: This is a no-fault insurance and can be used anytime you’re involved in a motor vehicle collision, regardless of the motor vehicle you’re traveling in.

With anything, please feel free to call us with questions. This article is meant to be informative, but not a means of advice as every insurance company is a bit different and coverage varies greatly between each carrier. If you have questions about a rental vehicle, please contact our office and speak directly to a licensed agent to ensure that your situation is covered.

If you have questions about your home, auto or commercial insurance, call the insurance agents at Insurance Unlimited, Inc. in Lakewood, WA. They have years of insurance experience and can help you insure everything from your home to your auto or commercial Insurance. They live where you do and are an independent insurance agent, so they can help you find the right company to fit your needs. You can also check out their website, 24/7.

How to Prevent a Dog Bite Claim in Lakewood, WA

How to Protect Yourself from a Dog Bite Claim

A Guide to Preventing Dog Bite Claims

How to Prevent a Dog Bite Claim in Lakewood, WAAccording to the Insurance Information Institute, over $400 million a year is paid out for dog bite claims each year by insurance companies. While that may seem like a lot, there is an estimated $600 million that was excess over the home insurance policy limits. Protecting yourself with sufficient limits, as well as considering an umbrella insurance policy, could help you avoid any out-of-pocket expenses should your pooch bite someone.

Owning a dog can be and usually is a joyous union. Dogs can become aggravated or agitated by small children pulling their hair, tail or stepping on them. It is important to watch your pet and never leave a dog alone around small children. While a dog may be provoked, it is still your responsibility to ensure your pet does not bite someone. While most claims are from small bites and only require first aid, the lasting damage can still be severe such as nerve damage in hands or feet.

The Insurance Information Institute states that there are 3 kinds of laws regarding pet liability:

  1. Dog-bite statute: The dog owner is automatically liable for any injury or property damage the dog causes, even without provocation.
  2. “One-bite” rule: In some states, the owner is not held liable for the first bite the dog inflicts. Once an animal has demonstrated vicious behavior, such as biting or otherwise displaying a ‘vicious propensity’, the owner can be held liable. Some states have moved away from the one-bite rule and hold owners responsible for any injury, regardless of whether the animal has previously bitten someone.
  3. Negligence laws: The dog owner is liable if the injury occurred because he or she was unreasonably careless (negligent) in controlling the dog.

While it is important to understand your state laws regarding dog bite liability, the best course is prevention.

The Humane Society lists several ways to avoid being bitten by a dog. Because dogs can’t tell you what their thinking, it is important to watch the dogs body language. Some signs the dog may be uncomfortable include:

  • Stiff tail
  • Pulled back ears
  • Intense stare
  • Backing away
  • Dog is visibly injured
  • Don’t take toys away quickly

If someone asks if they may pet your dog, ask them politely to let the dog smell them first to ensure the dog is comfortable with it. If your dog reacts negatively to someone, it is okay to tell that person it isn’t a good idea.

We hope that your pup never bites someone, but unfortunately it does happen. Ensuring that your home insurance limits are sufficient and also carrying an excess liability policy called an umbrella insurance policy may help protect your pocketbook in the unfortunate event.

If you have questions about your home or renters insurance, call the insurance agents at Insurance Unlimited, Inc. in Lakewood, WA. They have years of insurance experience and can help you insure everything from your home to your auto or commercial Insurance. They live where you do and are an independent insurance agent, so they can help you find the right company to fit your needs. You can also check out their website, 24/7.

Hiring a Contractor from Craigslist in Lakewood, WA

Hiring a Contractor or Other Labor Off of Craigslist?

Avoid an Insurance Nightmare – Do Your Homework Before Hiring from Craigslist

Hiring a Contractor from Craigslist in Lakewood, WASo, you’re planning a home remodel or some landscape work – great! Most people start this process by laying out exactly what they’d like, then calling out to multiple companies to get the best quotes to have the job completed. After all, this is your palace and it should be exactly as you’d like it!

So, you browse the internet and find a contractor on the popular site, Craigslist or other internet directory who will perform your job for ½ of what your other quotes are. Can this be too good to be true? Maybe… Craigslist and other free classified ads are terrific resources for all sorts of goods and services. However, when you’re inviting in a contractor to your home, be sure to ask them for credentials before they come over to give you a bid. Following these steps can save you from theft, liability and even money.

  1. Research and ask questions: If you found a great contractor and you like him/her, ask them if they have a website or if there is someone who has had work done by them recently that you can talk to. If a contractor is proud of the work they do, they should have several resources for you to call. It is okay to ask for reference and most people expect it. Most small businesses survive off of word-of-mouth advertising, so don’t be shy.
  2. Utilize the internet to look up their license: Contractors are required to have a license to perform work. You can utilize your states resources to find these contractors. An internet search will provide you with some quick references. You can even make your job quicker by asking them to provide you with a copy of their license or number.
  3. Documentation: Ask the contractor for a copy of their license as well as documentation of their insurance and bond. Note: Check the dates on the license as well as the insurance to ensure they’re currently in force or active.
  4. Get specific: Not only is it important to protect your insurance from a scam, but ensure your pocketbook doesn’t get taken for a ride too. Ask questions like, “Is this an estimate or a final bid?” “Does this estimate include parts and labor?” “Can I see where you’re buying the products beforehand?” The more questions you ask, the better you will feel and the more the contractor will understand that you’re educated on this process.

Hiring a contractor this way can be a great option! It is possible to really save money on these services, but just using some simple, quick research and asking the right questions can save you a bundle as well as a headache! As far as saving money on your home goes, contact the insurance agents at Insurance Unlimited, Inc. in Lakewood, WA. They have years of insurance experience and can help you insure everything from your home to your auto or commercial Insurance. They live where you do and are an independent insurance agent, so they can help you find the right company to fit your needs. You can also check out their website, 24/7.

Gap Insurance Lakewood, WA

Closing the Gap: What is Gap Insurance in Lakewood, WA

Congratulations, you just bought a new (or new to you) car! You were able to afford a down payment and now you are the proud owner of a new car and a monthly car payment. But, what happens if your car becomes involved in an accident and you owe more than your car is worth?

Imagine this scenario: While out enjoying your new car, you hydroplane and hit a guardrail damaging your new vehicle beyond repair. The insurance company is telling you that your new car is a total loss. While you may not be able to drive the vehicle, you are still responsible for the loan associated with vehicle. If you have gap insurance in Lakewood, WA, you may be only responsible for your deductible.

How gap insurance in Washington works:

What is depreciation:  Vehicles, especially new vehicles, begin to depreciate as soon as you drive them off the dealer lot. Depreciation can be quite surprising and is not necessarily tied to the base cost of the vehicle. Due to wear-and-tear, fluctuating market conditions and a number of other factors, depreciation in the first year is the steepest. Even with proper care and maintenance and no accidents, a vehicle will continue to depreciate. Even though the value of the vehicle will go down each year, the amount you owe on the vehicle will not. Depreciation will vary between make and model but here is a baseline comparison:

Year Vehicle Style Base price Depreciation year one
2013 Subaru Legacy 2.5i sedan $21,295 $3,069
2013 Honda Civic Base sedan $22,715 $4,406
2013 BMW 328i sedan $34,900 $5,198
2013 Ford F-150 $28,595 $5,915
2013 Toyota 4Runner $37,155 $6,380

 *Figures courtesy of automobilemag.com

Why gap insurance: In the unfortunate event that your vehicle is totaled, and it is an event covered under your current auto insurance policy, your insurer may pay the actual cash value of the vehicle, which may be significantly less than the outstanding vehicle loan. In that case, you would still be responsible for the remaining balance between the loan and the insurance payout, which could be thousands of dollars. If you choose to purchase gap insurance in Lakewood, Washington, your insurance company would cover the remaining balance between the actual cash value of the vehicle and the remaining loan balance, typically up to 25 percent, potentially saving you thousands of dollars.

Options for gap insurance: There are two options for purchasing gap insurance in Lakewood, WA. It can be purchased from the dealership or through an insurance agent. If you choose to purchase gap insurance through the dealership you purchase your vehicle from, the gap insurance will be built into your loan. The average price for gap insurance from a dealership is around $1,000, but add interest and taxes and it can add up to much more. If you choose to purchase gap insurance from an insurance agent, on average it would add less than $10 per month to a policy! There may be certain stipulations associated with a gap insurance policy:

  • The loan may need to be through a financial institution rather than an individual
  • Your current auto insurance policy may need to include Collision and Comprehensive coverage
  • Your claim may need to be a covered Collision and Comprehensive coverage event
  • Your vehicle may need to be determined as a total loss

Before you purchase a new vehicle, make sure to check with your licensed insurance agent in Lakewood, Washington to see how you can add gap insurance to your new vehicle policy. The local, independent agents at Insurance Unlimited, Inc., can assist you with adding or amending an existing policy or setting you up with a new policy. Their years of insurance experience can save you a bundle. You can also visit their insurance website 24/7 to learn more about auto insurance or the other insurance products they offer like classic car or home insurance.

 

Auto Insurance Lakewood, WA

Fact or Fiction: Five Auto Insurance Myths in Lakewood, WA

Let’s face it; auto insurance can be confusing, especially when it comes to insuring new vehicles. When trying to look up information surrounding auto insurance in Lakewood, WA, the internet can be full of myths and misinformation. If you are trying to disseminate fact from fiction the experts at Insurance Unlimited, Inc., can help. We have compiled some common insurance myths and facts; we like to think of it as our own insurance version of Mythbusters.

Five auto insurance myths in Washington:

  • Color: Have you always wanted a red car, but never did because you thought it might drive up your auto insurance premium in Lakewood, WA? Not true. Insurance premiums factor in the make/model, age and power of the vehicle. Premiums are also based on the person being insured. The cost of the vehicle can also influence the price of the premium, as more expensive the car usually the more expensive it is to repair if it is damaged in an accident.
  • Mature Drivers: Heard that once you enter your ‘golden years’ your auto insurance premiums will increase? Not necessarily. Your local, independent insurance agent can assist you with senior discounts or get you resources for defensive driving courses which can also lead to a discount.
  • Optional Coverages: Basic auto insurance Lakewood, WA will cover theft or weather-related damage. Claims such as these are only covered under comprehensive coverage. Most car loans require that you carry both comprehensive and collision as these protect the vehicle fully. If your car is getting older and worth less than $1000, you may want to opt-out of these coverages, but you will want to talk this over with your agent before dropping these coverages completely.
  • Loaning your vehicle: Does your best friend need to borrow your car for the day or leaving your mom the car to pick up the kids from school? If they get in an accident, their insurance will cover it, right? Wrong. Typically insurance follows the vehicle, not the driver. However, that is not always the case. Rules and regulations for this specific instance vary by state, so you will need to clarify with your insurance agent before you loan out your vehicle. Additionally someone who has regular access to your vehicle, like a roommate or spouse, should be added to your auto insurance policy to prevent a messy claims process should they be involved in an accident while driving your vehicle.
  • Personal v. Business: Your vehicle is covered under your personal auto insurance policy whether you are using it for pleasure or business. Not entirely accurate. If you are using your vehicle often for business, purposes, a business auto policy may help protect your vehicle more thoroughly. If you are not self-employed but use your personal vehicle for work, make sure you covered by your employer’s commercial auto policy.

While these are the most common myths associated with auto insurance, others are out there.  Your licensed insurance agent in Lakewood, Washington can assist you with any questions or concerns you may have about your auto insurance policy. The local, independent agents at Insurance Unlimited, Inc., can assist you with adding or amending an existing policy or setting you up with a new policy. Their years of insurance experience can save you a bundle. You can also visit their insurance website 24/7 to learn more about auto insurance or the other insurance products they offer like classic car or home insurance.

Auto Insurance Premiums in Lakewood, WA

Auto Insurance Premiums in Lakewood, WA – What to know

You get a bill every month (or every six months depending on your preference) for your auto insurance premiums in Lakewood, WA. Your policy details what is covered and what is not. What it may not detail is how the policy cost was determined. There are many factors that go into an individual auto policy price and likely, no two auto policies are the same since the factors largely depend on the insured driver.

Auto insurance premiums in Washington may be determined by:

  • Driving History: The most obvious factor is your driving history. Drivers that have accumulated many accidents and tickets typically pay more than those who don’t. Same goes for freshly minted drivers (of any age) and those who have not had insurance for an extended period of time regardless of the circumstance. While some of the factors cannot be mitigated, a few can. Staying alert and following the rules of the road can reduce the likelihood of accidents or tickets, thus potentially reducing the cost of your auto insurance premiums in Lakewood, WA.
  • Age: Age is one of those factors that cannot be helped. The younger you are, they higher risk you are considered. While society considers you an adult between 18 and 21, the insurance industry considers you an adult at the age of 25 which is when insurance premiums tend to drop a bit for the matured driver. Another factor you can’t change? Your gender. In the great battle of the sexes, women take the lead on this one as they tend to be safer drivers as a whole. Women tend to take fewer risks when driving, giving females an advantage when it comes to insurance premiums as they tend to pay less than their male counterparts.
  • Location: Do you live in an area that is prone to car prowls or do you live a significant distance away from work? These are factors that will figure into your auto insurance premiums in Lakewood, WA. Statistically, the more you are on the road, the greater the likelihood that an accident may occur. So if you commute a long way to work (notice on your insurance application they ask you the distance from home to work?) you may incur a higher auto insurance premiums than someone who lives within a few miles of their workplace.
  • Make/Model: While that little red sports car is a tempting buy, you will likely end up paying more for your auto insurance premiums than say a family sedan. Not that you should be discouraged from buying the sports car of your dreams, just make sure you talk to your insurance agent prior to your purchase so you can be aware of the potential rate change.
  • Type of Insurance Plan: Did you go for the “platinum” insurance package? You know the one: maximum coverage and a low deductible? A lower deductible means a higher upfront policy rate. Drivers who opt for the minimum coverages required by law in their state and a higher deductible may pay less for their policy. Make sure you ask your agent about your state’s required insurance coverages!
  • Credit : A final factor that determines auto insurance premiums? A credit score. This is kind of a sensitive subject as there are some states like California that forbid the use of a credit information for an insurance policy. A credit score is used to assess risk, the thought being the higher the credit score the lower the risk, but that is not always the case. An overall driving history is the best indicator of risk, regardless of a credit score. You can check with your agent to see if your state allows the use of a credit score in determining insurance policies.

There you have it folks. There are so many factors that influence the cost of auto insurance premiums in Lakewood, WA. Since most policies renew every six months, the cost fluctuates each time depending on your situation. Make sure you let your licensed insurance agent in Lakewood, Washington know if you purchased a new car, had an accident or ticket, or if you changed your name (marriage, divorce, etc.). The local, independent agents at Insurance Unlimited, Inc., in Lakewood, WA can assist you with adding or amending an existing policy or setting you up with a new policy. Their years of insurance experience can save you a bundle. You can also visit their insurance website 24/7 to learn more about auto insurance or the other insurance products they offer like classic car or home insurance.