Should everyone get motorcycle insurance in Virginia?

When you are in the Williamsburg, VA area, you are going to want to have a reliable vehicle so you can get around town. One option to consider getting is a motorcycle, which can offer you a fun and efficient mode of transportation. Along with this vehicle, you also need to get the right insurance for it. Everyone should have this coverage for a few reasons. 

Coverage Protects Motorcycle

A reason to have a motorcycle insurance plan in Virginia is that it can protect your motorcycle. Those that are looking to purchase a motorcycle when they are in this part of Virginia will want to enjoy it for as long as they can. With a proper insurance plan, you will have the coverage to repair or replace the asset if you do incur a loss. 

Legal Compliance

It is also important to get a motorcycle insurance plan to ensure you stay in legal compliance. Anyone that is going to operate a motorcycle is bound to state laws that will require them to carry liability insurance. This coverage will be included in your motorcycle insurance plan and offers support in the event you are liable for damages in an accident. Further, if you do not have coverage, you are at risk of penalization. 

People that are in the Williamsburg, VA area are going to want to have motorcycle insurance due to the value it provides. As you are shopping for a new plan, you may end up having some questions and need support. The team with Commonwealth Insurance Center can help you pick a plan that will offer the ideal support for your situation. If you work with the Commonwealth Insurance Center, you can learn a lot about your different options to ensure you remain properly covered at all times. 

Why does someone in Virginia need to maintain boat insurance?

When you are a resident of the Williamsburg, VA area, finding a way to enjoy the summer months as much as possible is a great idea. When you want to have fun during the summer, investing in your own boat is a great option. If you do decide to purchase a boat when you are here, you need to get the right insurance for it for a few reasons. 

When Using Certain Waterways or Marinas

A common situation when someone here will need to maintain boat insurance is when they want to use certain waterways or marinas. It continues to be common for some private areas to require boat owners to carry insurance as it provides liability protection. With liability protection, you can be assured that you will be able to cover any restitution if you cause an accident that results in property damage. 

When Taking Out Financing

You will also likely need to have boat insurance if you have taken out a boat loan. It continues to be required by boat loan providers that borrowers maintain a full insurance plan. With this coverage, the boat lender will know that their collateral is covered if it is damaged or stolen. You may be required to provide evidence of coverage when you take out a loan and from time to time thereafter. 

Those that would like to buy a boat in the Williamsburg, VA area need to ensure that they get the right insurance in place at all times. As you are looking for a new insurance plan in this area, speaking with the Commonwealth Insurance Center is always a good idea. The professionals with the Commonwealth Insurance Center know the value that comes with this coverage. They can then offer any support you need to choose a plan. 

Is Umbrella Insurance A Requirement in Williamsburg, VA?

Because humans are to error, that’s why we buy liability insurance to cover damages when you cause physical injury or property damage to third parties. Unfortunately, your insurance isn’t perfect either. It can let you down when you are facing substantial financial liabilities. 

Fortunately, you can amp up your liability coverage by purchasing umbrella insurance from Commonwealth Insurance Center, serving Williamsburg, VA, and the surrounding areas.

What is umbrella insurance?

Think of umbrella insurance as the safety net you run to when your standard policies run out. For instance, if you are sued for $300,000, and your liability coverage is up to $200,000, you are responsible for topping up the difference from your pocket. However, your insurance can cover this difference if you have umbrella insurance.

It’s important to note that umbrella insurance is slightly different from excess liability insurance that gives you higher coverage on your current liability policy. On the other hand, umbrella insurance provides additional coverage that is ordinarily not included in your typical insurance policies. For instance, most umbrella insurance covers legal fees if you are accused of libel/slander.

Is umbrella insurance mandatory?

Virginia State doesn’t require you to carry umbrella insurance, but it’s vital to purchase one if you have any kind of livelihood. Specifically, if you are in the below categories, you should buy umbrella coverage.

  • You own property
  • Own a dog or other possessions that can cause injury to others
  • You are a high net worth individual
  • Have an inexperienced driver in your household
  • Participate in sports that you are likely to injure others (like hunting)

What does umbrella insurance not cover?

While your umbrella insurance might seem like the mother of all liability coverages, it may not save the day in the below circumstances:

  • Own-inflicted injuries or property damage
  • Damages from breach of contract
  • Intentional or criminal acts
  • Losses to be covered by your typical insurance policies

Are you looking for umbrella insurance? Please get in touch with Commonwealth Insurance Center, located in Williamsburg, VA. This way, you will be protected against injuries, personal liabilities, and certain lawsuits.

How to prepare for a flooding event in Williamsburg, VA

The rainy season sends chills to many Williamsburg, VA residents as the cold weather marks the streets with floods; destroying properties and taking lives. Residents have to find ways to protect their families and property by buying flood insurance, but is buying insurance enough? Probably not because there are other things you can do to keep your home and family safe. Here is what the Commonwealth Insurance center advises residents to do to prepare for flooding events.

Waterproof your basement and elevate your utilities

Install flood sensors in your basement to detect water leaks and a water alarm to alert you when there is water leakage. Keep a working sump pump to protect your basement and maintain a battery-operated backup pump just in case of power failure. Next, elevate your essential utilities like propane tanks, wiring, sockets, electrical panels, appliances, and heating systems. Make sure that all electrical wires are well covered in and outside the house.

Clear your gutter and unblock all pipes

Many people in Williamsburg, VA tend to forget about all the debris build-up, leaves, and other unwanted materials in the gutters, which can be a potential water block during heavy rains. After checking the gutter, check water pipes and other water channels for any blockage that may prevent the easy flow of water.

Remove the carpet and move your furniture.

If your local authority announces the possibility of floods, don’t wait. Move your furniture and other valuables to safe places like the attic. If your home has one or several floors, move most of the items to the upper floors, particularly things that can easily get damaged by water. Pack a bag or two with supplies in case of an emergency and maintain communication with your family and relatives.

Buying flood insurance soon? Commonwealth Insurance Center would like to help. We are not only ready to guide you but also answer all the questions you might have. Call us today!

Who needs condo insurance in Virginia?

When you are in the Williamsburg, VA area you will need to make sure that you get proper insurance coverage for any type of property that you own. If you are a condo owner, this means getting a proper condo insurance plan. Condo insurance is a necessity for people in this area of Virginia for a few different reasons. 

Insurance is a Mortgage Lender Requirement

One of the reasons that you should get a condo insurance plan is that it could be a mortgage requirement. If you have used a mortgage to finance the purchase of your condo it is important that you carefully follow your mortgage lender’s insurance requirements. This will almost always require that you carry condo insurance and also escrow for the payments with the bank each month.

Insurance is Required by Home Association

You should also get a condo insurance plan in Virginia if it is required by a condo association. Almost all condo developments will have a condo association that governs the rules of the community. Most of the time, the association will require that you carry a full condo insurance plan at all times. This can help to ensure that you are covered and able to repair your home and another person’s property if you accidentally cause damage. 

When you are in the Williamsburg, VA area and are a condo owner, it will continue to be very important that you get proper coverage for it. As you are in the market for a new condo insurance plan, you should call the team with Commonwealth Insurance Center. There are a lot of important factors that go into picking a condo insurance plan and Commonwealth Insurance Center can give you the guidance that you need. This will help ensure that you remain properly covered and protected. 

How Does Life Insurance Provide Peace of Mind?

Life insurance brings peace of mind in a variety of ways. Here at the Commonwealth Insurance Center serving the Williamsburg, VA area, we’d like to take a moment or two to help you understand just how advantageous life insurance really can be, especially during hard times. Here’s a look at the top two reasons to buy life insurance.

Provide Financial Benefits to the Beneficiary

Do you have someone that depends on you for financial support? If so, what happens when you pass away? Will this person still receive some sort of financial support from you? Unless you have a bunch of money tucked away in your sock drawer or in a savings account at a bank, your loved ones will need steady income as a form of financial support once you pass away. And that’s exactly what a life insurance policy does. It provides peace of mind in knowing your loved ones will receive a payout amount once you’re no longer alive. This means you can spend your time here on earth enjoying moments with your family instead of having to worry about what will happen to them when you pass away.

Pay Off Old Debts

Do you have some debts that you need to ensure are taken care of when you pass away? If so, you can ensure your loved ones receive money through a life coverage policy that will cover these debts. When you pass away, the beneficiary amount can be used to pay off debts and keep your family in good financial health. This is an excellent way to help ensure good financial health for your loved ones once you are gone.

Want to learn more about the benefits of life insurance? Contact the Commonwealth Insurance Center serving the Williamsburg, VA and surrounding areas today.

How Does a Whole Life Insurance Policy Work?

When you need life insurance coverage, there are many choices to make. There is term life, whole life, and many different coverage amounts available. If you need life insurance, or you want more of it, contact us at Commonwealth Insurance Center in Williamsburg, VA to speak with an agent about your insurance needs.

Lifelong Insurance

One reason that these policies are called whole life is that they are in place for your entire life. Once the policy begins, the insurance company can’t cancel your policy as long as you keep up with the premium payments. This is a preferable way to have insurance for many people because it isn’t only good for a term that expires as term life does. As long as the premiums stay up to date, the death benefit will eventually be paid. Many of those who need life insurance find this a much simpler arrangement than trying to get a new term after one term has ended with term life. 

Building a Cash Value

Another attractive feature of these policies is that as the policy is paid, it begins to build a cash value. This value is there for you as the insured to borrow against at any time. When it is borrowed, it must be paid back to the policy. If it isn’t paid back before your death, the death benefit will be the amount listed in the contract minus the amount that was borrowed. 

Get Your Life Insurance

If you need life insurance, there’s no reason to wait. Getting your policy in place will bring you and your family peace of mind. Call us at Commonwealth Insurance Center in Williamsburg, VA to make your appointment with an agent. 

Three things to know about auto liability insurance in Virginia

One of your most important auto insurance needs to meet in Virginia is your need for liability coverage. At Commonwealth Insurance Center, we offer liability coverage as well as numerous additional types of insurance coverage in Williamsburg, VA.

The following are three things to know about auto liability insurance in Virginia.

You need to meet bodily injury requirements.

One of the most important requirements to meet with your auto liability coverage is the bodily injury coverage requirement.

You need to carry at least $25,000 in bodily injury coverage per person in an accident. Also, you need to carry $50,000 total in bodily injury coverage for every individual accident you’re involved in. 

You need to meet property damage coverage requirements. 

Another requirement that you need to meet in Virginia is the requirement for property damage coverage. In Virginia, the property damage coverage requirement for auto insurance policies is $20,000. 

If you don’t purchase liability coverage, you have to pay a large fee. 

Unlike many other states, you do have a choice to forego auto insurance coverage in Virginia. However, it’s important to note that this is an expensive choice to make.

If you forego auto insurance coverage in Virginia, you will be required to pay a fee of $500 to the state DMV. Although you have to pay this fee, you don’t enjoy any type of auto insurance coverage for paying it.

It’s definitely a better idea to put your money toward auto insurance coverage than paying a DMV fee that you’ll get nothing back for. 

Are you looking for a solution to your auto insurance needs in Williamsburg, VA? We can help at Commonwealth Insurance Center. Contact us for information on our auto insurance policy offerings. 

How could auto insurance protect me in Virginia?

For those that are in the Williamsburg, VA area, there are plenty of great local amenities including a strong job market and plenty of recreational activities to enjoy. If you are going to live here, you will want to make sure that you have a way to get around town. Those that choose to purchase a car should also consider their insurance needs. There are several ways that an auto insurance policy can protect someone here.

Coverage Gives Liability Protection

One advantage of having an auto insurance policy is that it can give you liability protection. Anyone that drives a car in any situation is going to take on some liability risk at all times. If you happen to cause an accident while you are driving, you will be responsible for damages. Fortunately, with an auto insurance policy, you can receive protection that will cover you in these situations.

Coverage Protects Assets

Another reason that you should get an auto insurance policy is that it can protect your asset. A car is a very valuable asset that you will want to ensure is covered at all times. If you get collision and comprehensive coverage, you will get the protection you need to offset a variety of risks including the risk of vehicle theft or damage that occurs in an accident. 

When you are looking for insurance in the Williamsburg, VA area, you will want to get guidance and support from someone that you can trust. The team at the Commonwealth Insurance Center can help you find a policy that is right for your situation. Commonwealth Insurance Center is able to do this by carefully assessing your situation and building a policy that provides you with the right protection. They can also answer any questions that you have. 

What’s Not Covered by Home Owners Insurance?

 Homeowners insurance has the ability to create real peace of mind. It provides protection for your home’s structure, your personal items, and provide legal protection in terms of liability as well. However, not everything is covered by homeowner’s insurance. As a homeowner, it’s just as important to know what’s not covered by this type of insurance. 

Natural Disasters
There are some natural disasters covered under homeowner’s insurance. However, homeowners should make note of the fact that flooding and earthquakes are not covered natural disasters. As a result, if you live in an area prone to earthquakes or flooding, you may want to seek additional coverage for these situations.  Commonwealth Insurance Center of Williamsburg VA understands that fully understanding what’s covered and what’s not can be a little confusing. Other specific questions regarding natural disasters can be addressed by one of our insurance agents. We’re here to offer guidance. 

Other Uncovered Situations
Some homeowners may be surprised to learn that damage and erosion caused by general wear and tear, aging, and rust rot and mold, aren’t covered under a homeowner’s policy. Also, damage caused by termites, rodents, birds, and insects aren’t covered. Smoke and smog damage from industrial or agricultural processes, as well as defective or poorly made materials associated with your home, aren’t covered areas either. One of our licensed insurance agents can walk you through what’s covered as well as what’s not to help you make the best insurance decisions regarding your unique situation. We can also suggest additional insurance or specialized insurance if you need it. Commonwealth Insurance Center of Williamsburg, VA invites you to visit us online or give us a call. We’re here to answer questions and guide you in the right direction.