Boat Insurance: All You Need to Know in 2024

The joys of boat ownership correspond with two momentous occasions: the day you secure ownership and the moment you decide to transfer that ownership. Why? Because owning a boat is a significant responsibility. Amid these responsibilities, boat insurance is one of the central considerations of a boat owner. It’s essential to understand the changing landscape of boat insurance heading into 2024:

Navigating the Currents of Boat Insurance

There are various types of coverage to consider. This decision hinges upon several factors, such as the nature of your boat, engine type, and the trailer employed for water launches.

Your location plays a vital role, too. Just as with home insurance, your physical location dictates the price you pay for your boat insurance, with some locations charging higher than others.

Including liability coverage is a wise course of action. Typically, boat insurance covers two key aspects: physical damage to your watercraft and theft. Nevertheless, adding liability coverage could further broaden your protection and won’t break the bank.

Preserving Your Valued Investment

As a boat owner, it is imperative to armor your prized possession with the best protective measures. The answer lies in having a well-crafted boat insurance policy. Suppose you’re a resident of Williamsburg, VA, or any neighboring area and are scouting for a trustworthy insurance provider. In that case, Commonwealth Insurance Center stands ready to serve you. We Specialize in various insurance types, including boat insurance, and we are prepared to address all your inquiries.

Overview of the Types of Liability Covered by Umbrella Insurance

Umbrella Insurance: Your Safety Cushion Against Potential Financial Losses in Williamsburg, VA

Umbrella insurance functions as an imperative safety cushion, offering additional liability coverage surpassing the limits of standard insurance policies. Understanding the liability types covered by umbrella insurance is vital for businesses and individuals desiring extensive protection against financial losses and potential lawsuits.

Types of Liability Covered Under Umbrella Insurance

Bodily Injury Liability

One crucial liability type covered by umbrella insurance is bodily injury liability. It provides protection to policyholders if they cause physical harm to another person and are deemed liable. Whether you’re accountable for a car accident or a slip-and-fall accident on your property, umbrella insurance can cover legal fees, medical expenses, and other associated costs.

Property Damage Liability

Your umbrella policy can assist in covering repair or replacement costs if you unintentionally damage another’s property and are held liable. This coverage applies to various scenarios, including property damage, homes, or vehicles.

Personal Injury Liability

Besides property damage and bodily injury, umbrella insurance usually covers personal injury liability. This embodies claims of invasion of privacy, defamation, slander, and libel. If someone sues you for falsely violating their privacy rights or making false statements about them, the umbrella policy can cover potential damages and legal defense expenses.

Legal Defense Expenses

The coverage for legal defense expenses is among the most valuable facets of umbrella insurance. If a lawsuit covered by your policy arises, your insurer will typically cover court costs, legal fees, and other related expenses. This can significantly aid when legal expenses escalate, offering financial security and peace of mind.

Commonwealth Insurance Center: Your Umbrella Insurance Resource

At Commonwealth Insurance Center, we can answer your umbrella insurance queries. Catering to the Williamsburg, VA region, we’re just a phone call away.

Why All Homeowners Need a Flood Insurance Policy

When you own your own home, you have to have a home insurance policy on your home. It’s important to have this for your financial protection and your quality of life. However, there’s another kind of policy that you need to have on your home. That type is flood insurance. Every homeowner should have this type of insurance to protect themselves against the massive damage that floods can do. 

Flood and Home Insurance 

Why do you need flood insurance if you have a home insurance policy? This is because home insurance doesn’t cover flooding. It will cover several types of accidents, calamities, and certain disasters, but it won’t pay for flooding. This leaves you highly vulnerable in case of a flood occurring in your area. Most of the time, floods happen in areas explicitly designated as flood zones. However, about 20% of flood claims don’t come from these areas. This means that virtually any area can suffer from a flood, even when the area itself isn’t known for flooding. 

NFIP Backing

The National Flood Insurance Program is a governmental program that backs flood insurance for homeowners. This means that a flood policy is a solid insurance product that will be there in case there’s a flood. The price will be the same when you buy a policy, no matter where you get it from. These are policies that every homeowner should have to protect themselves financially. The cost of fixing flood damage can be so high that it’s unaffordable. To avoid this risk, you need to have a flood policy on your home as soon as you buy it. 

Get Flood Insurance

Contact us at the Commonwealth Insurance Center in Williamsburg, VA to learn more about getting flood insurance. 

Three things you might not already know about condo insurance

If you live in a condo in Williamsburg, VA, you need to invest in condo insurance coverage. Commonwealth Insurance Center is a condo insurance provider you can rely on to protect your investments in your property.

The following are three things you might not already know about condo insurance. 

Important limitations to be aware of with condo facility master policies. 

While condo facilities offer some insurance coverage through master policies, condo owners need to know about the limitations of these policies. 

Master policies for condo facilities only cover the building structure. They do not cover the interiors of condo units or the personal property within condo units. Master policies also don’t cover liability expenses that condo owners may face if a guest is injured within their unit. 

Condo insurance can cover living expenses temporarily.

Severe damage to a condo unit can make it so that it is temporarily uninhabitable. In this situation, a condo insurance policy will typically cover the costs of staying in a hotel for the policyholder until the unit is adequately repaired. 

Condo insurance policies should be updated after renovation projects and upgrades.

A condo insurance policy should cover the full value of the condo unit that it insures. Renovation projects can increase the value of a condo. This makes it essential for policyholders to update their condo insurance coverage after they’ve completed a renovation or invested in a major upgrade to their condo unit. 

You can insure your condo today by calling us at Commonwealth Insurance Center. Call us for a quote on a condo insurance policy for your condo in Williamsburg, VA.

Do Stay-at-Home Parents Need Life Insurance?

One question we frequently ask at Commonwealth Insurance Center in Williamsburg, VA is, "Do stay-at-home parents need life insurance?" It’s a great question! Here, we provide the guidance you need to make an informed decision about life insurance for parents who stay home to care for or educate their children. 

Why Get Life Insurance?

First, let’s explore why anyone purchases life insurance. Life insurance serves several important purposes: 

  • it helps cover funeral and burial expenses, so your family is burdened with these costs at the time of your passing
  • it can be used to pay off existing debt to reduce the costs for those you leave behind
  • it can replace your income for those who depend on it
  • it provides a rare tax-free benefit to those you leave it for

Additionally, whole life insurance provides another vital purpose: it can be cashed out to fund major life events, supplement retirement income, or assist with emergency expenses. 

Life Insurance for Stay-at-Home Parents

Now that we better understand the purposes of life insurance, we can explore these policies for stay-at-home parents. Stay-at-home parents typically don’t have income to replace, which crosses one benefit off of the list. However, full-time childcare may be needed if the parent providing care passes away, and life insurance can help cover those costs. 

Additionally, the policy can cover funeral and burial expenses, pay off existing debt, provide a tax-free benefit to survivors, and, in the case of your whole life, provide cash while you’re still living. For these reasons, stay-at-home parents typically elect to purchase life insurance. 

Call Commonwealth Insurance Center in Williamsburg, VA, today to learn more about protecting your family or to get started with a quote!

ABCs of Boat Insurance for Virginia Residents

Owning a boat is a lot of fun and a great way to spend time with friends and family. When you have questions about boat insurance, the team at Commonwealth Insurance Center serving Williamsburg, VA is here to help. We can answer any questions you might have about boat insurance and provide the information you need to select a policy that meets your needs. Don’t hesitate to contact us when you need information about a boat or any other type of insurance. We’re here for you! 

Boat Insurance Essentials

There are several different types of boat policies, offering various levels of coverage and protection. If you’re getting ready to buy a boat, you might wonder which one is right for you. Be sure to look carefully at the collision, comprehensive, and liability protection each offers.

Your boat needs insurance protection from theft, too. And, if you transport the vessel to and from the water, you’ll want protection when it’s on the trailer. It makes sense to sit down with your local agent to get your questions answered. You’ll also be able to learn more about the details of boat policies available in the area. Don’t go out on the water without the insurance coverage you need to protect your craft, yourself, and your passengers.

Learn more about boat insurance today!

If you’re a boat owner in the greater Williamsburg, VA area, you can turn to the team at Commonwealth Insurance Center for answers to all your insurance questions. We can help you gather the information you need to make an informed decision about boat insurance and which type of policy is right for your needs. Call or stop by our office today!

Auto Insurance for High-Risk Drivers: Tips for Obtaining Coverage

Obtaining auto insurance can be challenging if you’re considered a high-risk driver. Insurance companies may view you as riskier to insure, whether due to a history of accidents, traffic violations, or other factors. However, it’s still possible to find coverage. Here are some tips from Commonwealth Insurance Center, serving Williamsburg, VA, to help high-risk drivers obtain auto insurance. 

1. Shop Around

Not all insurance companies assess risk in the same way. Some specialize in providing coverage to high-risk drivers and may offer more competitive rates. Get quotes from multiple insurers to find the best option.

2. Consider Non-Standard Insurance

Non-standard or high-risk auto insurance providers cater specifically to drivers with less-than-ideal records. While premiums may be higher, securing coverage through these insurers is often easier.

3. Improve Your Driving Record

Over time, traffic violations and accidents will have less impact on your insurance rates. Focus on safe driving practices to gradually reduce your risk profile and, consequently, your premiums.

4. Take Defensive Driving Courses

Defensive driving courses have been shown to reduce the chances of being involved in an accident. This may help you show an insurance company you are committed to driving safely and defensively and may lead to insurance discounts. Check with insurers to see if they offer discounts for completing such courses.

While auto insurance for high-risk drivers may come at a higher cost, maintaining coverage is essential to comply with legal requirements and protect yourself financially. With perseverance and the right strategies, you can find a policy that suits your needs and budget. If you’re ready to look for an auto insurance policy in the greater Williamsburg, VA region, contact the Commonwealth Insurance Center to get started today.

The Importance of Home Insurance

Curious if you need to keep home insurance? Our agents at the Commonwealth Insurance Center serving the Williamsburg, VA area can explain the importance of having a home insurance policy for your house, even if it is paid off. This is because we never know when a disaster will occur. It is so much better to be safe than sorry about the large investment you have made in your home.

The Importance of Home Insurance

No one wants to stand on the sidewalk and watch firefighters attempt to put out a fire at their home. Knowing you have no home insurance policy, you especially don’t want to be in that scenario. Most mortgage companies will require home insurance until you pay off your loan, but even if you’ve already done that, it is still imperative to have home insurance.

What Does Home Insurance Cover?

Whether your home is damaged or destroyed by a fire or is hit by a tornado or some other natural disaster, you will want to have a home insurance policy in place. Even if someone commits an act of vandalism at your home, your home insurance policy can help you pay to repair it or rebuild it, depending on the severity of the situation. Your home insurance policy will also help you out if there is a burglary at your house and your items are stolen.

Home insurance not only covers the structure of your house, but you can get a policy that also covers other structures on your property. These different structures can include garages, sheds, and even decks. Your home insurance policy will also cover your personal belongings, electronics, furniture, appliances, and other household items damaged or destroyed inside your house.

When it comes to liability, home insurance is your number one priority. This is because it will help you cover the medical expenses and other related costs if a visitor to your home is injured. Your home insurance policy can even help you out with legal expenses if the person decides to sue you.

Contact Commonwealth Insurance Center

Our agents at the Commonwealth Insurance Center serving the Williamsburg, VA area are ready to assist you with all your insurance needs, including your home insurance policy. Call today for a quote and to get your policy started.

I have a 1980 Subaru GL. Can I get classic car insurance?

If you own an old driveable car, you may wonder if your car is a classic. Typically, classic cars need more than age to be considered classic. Often, classic cars have historical interest, and their original style and specifications have been maintained. They also tend to be in good condition, although they’re rarely driven as main/primary cars. Our team at Commonwealth Insurance Center understands that the title "classic car" can be ambiguous. This is why we’re committed to helping old car owners of Williamsburg, VA residents understand classic car insurance.

What is Classic Car Insurance?

Classic car insurance is designed for cars twenty years or older. However, it should be noted that the classic car insurance company of your choice determines whether or not your vehicle is considered a classic or not. Although there are broad terms to describe a classic car, the exact meaning varies from one insurance company to another. Like conventional car insurance, classic car insurance protects your vehicle and includes liability coverage. However, it differs from traditional car insurance in that the value of your car is pre-determined by you and the insurance company and isn’t based on the actual value of the vehicle.

I have a 1980 Subaru GL. Can I get classic car insurance?

Maybe. The classic insurance company you go to will have to make that determination. Typically, classic cars are of historical interest and kept in their original style and specifications. If your Subaru meets these standards, it’s possible that you could get classic car insurance coverage. However, that determination is made by the specific car insurance company of your choice. If you have questions about classic car insurance, call us. We’d be happy to answer all of your questions. 

Why every renter should have renters insurance

Renters in Williamsburg, VA count on Commonwealth Insurance Center to provide them with the necessary insurance services. Only about 60% of renters have renters insurance, which means 40% of renters are placing themselves at risk. It is an unnecessary risk since renters insurance is both easy to buy and affordable. 

Renter’s insurance provides a great many types of coverage. All of them are important for the protection of your property and your finances. 


Most of what you own may be in your rental when you are a renter. If you think your landlord or management has insurance that protects your personal effects, you could not be further from the truth. They do have insurance, but it protects their property, not yours. Imagine losing all your furniture, electronics, clothing, etc. Would you be able to replace it all? If the answer is no, then you need renters’ insurance. It also covers property theft even when you have it away from home. 


Liability coverage is what protects you from legal actions against you. Being sued can be very expensive in the settlement and any legal expenses you may incur. No one wants to think about being sued, but it is all too common. 

Loss of use

When your rental unit is damaged due to a covered peril, you may not be able to remain in your unit. If you have renters insurance provides the money you require to stay in a hotel for a short stay and a temporary rental if it is longer. 

When you are in need of renters insurance, Commonwealth Insurance Center in Williamsburg, VA can offer you the choices you deserve. As an independent insurance agency, we work for our customers. Give our office a call for a no-obligation quote.