Virginia Auto Insurance: Does Your Car Insurance Cover Another Driver?

When you have a car and someone else wants to borrow it, it is a responsible question to ask about whose car insurance will cover damages in the event of a problem. In Virginia, like elsewhere in the nation, car insurance will cover the vehicle and not the driver of the car. Still, the minimum requirements for auto insurance in Virginia may not be enough when you add other drivers to the mix.

At Commonwealth Insurance Center, we want all Williamsburg, VA drivers to have enough coverage to protect them financially from any problem on Virginia roads.

When an Accident Happens

When an accident happens and someone else is driving the car, liability coverage will go into effect if that driver is found to be at fault for the accident. Unfortunately, that will be your liability coverage. 

That means that when another person drives your vehicle and is found at fault in an accident, you are going to be responsible for the damage through your own insurance coverage. Your insurance premiums will see an increase in the following year.

It won’t go on your driving record, it will go on your insurance record.

Your Insurance Coverage

Virginia is an at-fault state when it comes to car insurance. When someone driving your vehicle gets into an accident, your insurance coverage will cover injuries and damages if that person is at-fault for the accident.

Your liability coverage will pay for medical bills and property damages to the other party. If you have medical payments coverage then the driver will also have their medical bills covered.

If you also have collision coverage, your vehicle repairs and replacement will be handled by your insurance company.

If this driver will be using your car a lot, you will want to add them as a secondary driver. That will make the insurance question a lot easier in the event of an accident. The alternative is to make sure that you have comprehensive and collision coverage in addition to medical payments coverage when you are updating your policy.

With that, you will be covered in every way in the event of an accident, regardless of who is driving your vehicle.

Get a Quote

It is among the most common questions in car insurance. The car insurance follows the car, not the driver. At Commonwealth Insurance Center, we want Williamsburg, VA drivers to have every coverage they need for every driving scenario. Call us for a quote and talk to us about this today.

Can Creditors Claim Life Insurance Benefits in Virginia?

With relatively recent changes to which benefits are exempt from the grasp of creditors, Commonwealth Insurance Center can help get you updated on what you need to know.

Most of Your Life Insurance Benefits Should Be Protected

In most cases, your life insurance beneficiary will not have to pay off any of your debt with the proceeds. The laws protecting these benefits are covered by Virginia law §38.2-3122. Given it’s just a few years old, Williamsburg, VA residents who purchased a policy several years ago may be unaware of the change.

Exemptions Are Likely to Exist

There are few definitive answers when it comes to insurance policies, and life insurance is no exception. A spouse who receives the benefit could see creditors come after the payment if the two of you had any joint accounts with a debt. Even though most life insurance is paid out to a beneficiary, some are placed into a trust that is linked to your name.

A later section of the law does allow creditors to make a claim, but only before the payment of the claim. Creditors use this option when a life insurance policy is used as a way to defraud creditors, so it shouldn’t be an issue as long as you are a law-abiding citizen.

These are not the only ways that your policy might be vulnerable to creditors or other factors that limit its payout, but they should paint a picture of the complexity.

Update Your Policy and Your Knowledge

Despite the slow pace that the law can move, it’s still a changing body of work. If you have any questions or want to look at options for updating your insurance portfolio, Commonwealth Insurance Center has offices in Williamsburg, VA and several surrounding cities that are on hand to help you.

Is Auto Insurance A Necessity?

Auto accidents are bound to strike any time. It is therefore paramount to prepare in advance for any eventuality if an accident occurs. This preparation salvages you from settling damage and injury costs out-of-pocket. Buying prolific auto insurance in Williamsburg VA is fundamental to shield yourself and your car in the event of an accident. If you are shopping for auto insurance in Williamsburg, VA it’s crucial to comprehend the common types of coverage available on car insurance policies. Buy your auto insurance early enough from Commonwealth Insurance Center to avoid frustrating instances when auto accidents happen. Buying an auto insurance policy is an absolute necessity and harbors a lot of benefits, including:

Protecting yourself and others

Car insurance can safeguard you and your loved ones from massive expenses. This protection is extended to passengers and other drivers. Therefore, it’s imperative to have magnificent auto insurance to cover both property damage and injury expenses.

Coverage for asset

Auto insurance ensures that your valuable asset is always protected while cruising on Virginia roadways. Investing in both collision and comprehensive coverages can protect your car against potential perils. The comprehensive policy caters to the cost of repairing or replacing your vehicle resulting from non-collision events like theft. In contrast, collision coverage caters to physical damage costs by either repairing or replacing your car after a collision with other vehicles or stationary objects.

It’s a legal requirement.

Most states, including Virginia, require motorists to liability car insurance that meet specific minimum requirements if they get engaged in an accident. These advocated minimum requirements by the state of Virginia comprise bodily injuries and property damage.

Instills peace of mind

Everyone is subject to making blunders. Regrettably, sometimes another driver’s mistake can become your problem. However, with proper auto insurance, you feel confident knowing that you are guarded even if you engage in an accident with a driver who is insufficiently covered or doesn’t have insurance.

Are you a car owner in Williamsburg, VA searching for auto insurance to safeguard yourself and your family? Please contact our dedicated agents at Commonwealth Insurance Center today and start your insurance journey with us.

What Are The Threats of Not Having Home Insurance?

Home insurance is a serious monthly expense that you may question when you review your budget. For this reason, in order to save money, you may decide to do without it. However, if you do, you should be aware of certain threats of not carrying this type of insurance. Here is a list of some of them prepared by Commonwealth Insurance Center – an insurance company serving Williamsburg, VA and other surrounding areas. 

Threats Of Not Carrying Home Insurance

Here is what you should be prepared for if you decide not to buy home insurance:

  • Rebuilding costs may be high. Most likely, the cost of your property when it was built and purchased is not the current value. Therefore, if something happens to your home, the replacement costs can be very high. If you do not have home insurance, you will have to cover these costs by yourself. 
  • You risk facing a liability claim. Most standard home insurance policies cover liability claims. This protects you from possible lawsuits that are caused by dangers around your property. Without home insurance, you will have to pay for all the expenses related to a lawsuit out of your pocket. 
  • Mortgage default. Many mortgage lenders require homeowners to have some kind of home insurance. Therefore, if you decide to cancel your home insurance policy, your lender will be notified about your decision, and you may risk losing your mortgage. 

Commonwealth Insurance Center – An Insurance Agency You Can Trust

Home insurance may be expensive, and you may think that you cannot afford it. However, if you live in Williamsburg, VA, or any other nearby town, contact Commonwealth Insurance Center. Our insurance agents will be glad to help you find a perfect home insurance policy that you can afford. If you have any questions, you can visit our website or give us a call. 

4 Benefits of Classic Car Insurance

If you have a classic, collector’s, or antique car in Williamsburg, VA, you need a classic car insurance policy tailored to suit your car. Classic car insurance differs from standard auto insurance in that your classic vehicle appreciates compared to typical cars that start depreciating from the moment you start driving. 

But I don’t drive my classic daily; why is insurance necessary? If you have been looking for reasons to justify classic car insurance, Commonwealth Insurance Center gives you four advantages of investing in this coverage. 

Liability coverage

Similar to driving a conventional car, you can cause accidents when driving your classic vehicle. When you are deemed liable for accidents, you could face bodily and property damage claims that can amount to thousands of dollars. Fortunately, a classic car insurance policy ensures you don’t incur out-of-pocket expenses when liability claims come calling. 

Protects the value of your car

When you subscribe to classic car insurance coverage, you agree on a value with your insurer, protecting your vehicle’s unique value. Unlike standard auto insurance that assumes your car depreciates as you continue driving, classic car insurance considers the fact that your classic vehicle value appreciates as years go on.

It’s affordable

Since most classic cars are rarely driven, purchasing this coverage is quite affordable compared to new vehicles and even some second-hand models. With classic car insurance, you don’t have to break the bank to preserve your heritage. 

Roadside assistance

Since classic cars are likely to break down than your typical vehicle, you need help when it stalls away from home. Roadside assistance provides services like flatbed towing to ensure that your vehicle is safely relocated to a garage.

Buy classic car insurance today!

Given that you treasure your classic car, it’s wise to keep it insured. If you are in Williamsburg, VA and its environs, please contact Commonwealth Insurance Center for an affordable quote. 

Do all people need to have renters insurance in Virginia?

If you are in the Williamsburg, VA area, you may find that renting a home is a good idea. There are a lot of advantages that come with renting, including having flexibility and have fewer maintenance requirements. If you do choose to rent a home here, you should pursue an appropriate insurance plan. Those in this area will need to have renters insurance coverage for several reasons. 

Protection is Often Required Under Lease

A reason that a lot of people in this area of Virginia will need to get a renters insurance plan is that it could be a requirement set forth by their landlord. There are a lot of protections that are provided by a renter’s insurance plan, which often can indirectly benefit the landlord as well. Due to this, it is common for the property owner to require a tenant to maintain this coverage throughout the term of the lease.

Valued Protections

You should also get a renter’s insurance plan as it will offer some very valuable coverage and protection. With a renter’s insurance plan, you will get the coverage needed to cover your personal assets. This will be helpful if your assets are damaged or stolen. You will also receive liability coverage, which can be helpful if you are deemed liable for an accident.

There are a lot of advantages that come with renting a home in the Williamsburg, VA area. If you are looking for a rental home here, you should also speak with Commonwealth Insurance Center about your insurance needs. The team with Commonwealth Insurance Center understands the value and needs of this coverage. They can help you assess your needs and options to build a plan that meets your needs and is ideal for your situation. 

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!