What is Multiple Driver Auto Insurance?

If there’s more than one driver in your household and you all share the same vehicle, more than likely, you’ll all be listed on one auto insurance policy. Multiple-driver auto insurance from Easley Hedrick Insurance & Financial may be just what you need to protect the drivers in your Richmond, VA household, and save money on your premium. Here’s what you should know about multiple-driver auto insurance policies.

Greater Convenience/Lower Costs 

There’s greater convenience in putting all drivers in your household on one auto insurance policy. You’ll be working with one insurer and paying one premium, even if several drivers contribute to your auto insurance costs. Under most circumstances, multiple-driver auto insurance is also cheaper than purchasing separate auto insurance policies.

You can even add a “non-resident” driver to your auto insurance if he or she uses your vehicle regularly as it enables you to take advantage of lower premium costs. As much as possible, your coverage should reflect the protective needs of all your drivers.

Risks of Adding Poor Drivers to Your Policy

A multiple-driver auto policy can work to your advantage if you’re partnering with good drivers. If one or more drivers have accidents or tickets on their driving record, however, you could wind up paying more for your policy. Poor drivers increase your cumulative risk of accidents, prompting your insurer to charge you more for your coverage.  

The good news is that once you decide to purchase your policy, you won’t be charged extra for citations or accidents caused by other drivers previously on your policy.

Multiple-driver auto insurance may not be for everyone, but it does have its benefits to households with more than one driver. To learn more about this type of auto insurance coverage, contact Easley Hedrick Insurance & Financial in Richmond, VA.

Does Commercial Insurance Cover Personal Belongings Within A Covered Structure

Many people who are homeowners’ will have some type of external structure such as a shed or a pool house on the property. These external structures are usually covered for most types of home insurance, or can be protected with an additional policy or rider to get comprehensive coverage, but does the coverage include the contents of the structure?

Structure Contents Coverage

Most insurance policies covering external structures don’t cover the contents unless there are special provisions or riders on the policy. Anyone who has this type of building and wants to protect the contents should speak with an insurance agent to determine which options are available in the area and whether it will give enough protection. When it comes to insurance, there is usually a way to get a policy to meet individual needs. 

Working With An Experienced Agent

Experienced agents are a policy holder’s best defense against losses and gaps in coverage. Their knowledge and skill will help outline each need and offer common-sense solutions to avoid losses as a result of a covered incident. Those who live in the Richmond, VA area should consult with an agent from Easley Hedrick Insurance & Financial to find out more about options for their location. 

Never assume insurance will cover personal items. Instead, thoroughly go over the terms and conditions with an agent and purchase any additional coverage to prevent losses. Richmond, VA area residents should call or stop by Easley Hedrick Insurance & Financial today to find out how to get complete policy coverage and ask any questions before making a home insurance policy purchase. 

Winter Home Maintenance: Five Tips to Protect Your Plumbing During Virginia Winters

Winter in the Richmond, VA area is undoubtedly beautiful. While the seasonal ice and snow make it the ideal backdrop for winter holidays, the sharp decline in temperatures does no good for your water and sewage lines. Easley Hedrick Insurance & Financial are proud to represent the residents of Richmond, VA. To help you avoid costly damage this season, our agents have compiled this list of essential tasks to help keep the pipes in your home from freezing, bursting, or otherwise succumbing to harsh weather conditions.

  • Keep your eye on the weather report. When overnight temperatures are projected to drop below freezing, consider shutting off your outdoor water valves. Open all the faucets connected to these lines to remove excess water from the lines. This removes excess water that can freeze and crack delicate pipes in hard freezes.
  • Wrap pipes in uninsulated areas of your home to keep them safe from hard freezes. A trip to your local hardware store will help you find a variety of easy-to-install temporary insulation solutions for your basement, attic, and outdoor lines. You may want to wrap the pipes under your sinks as well, as these enclosures are often much cooler than the surrounding rooms.
  • Keep your indoor space heated above 45ºF, even when you aren’t home. This simple act will prevent indoor pipes from getting too cold.
  • Get your water heater professionally checked before the cold season begins.
  • Avoid dumping easy-to-coagulate foods like oils and grease into your garbage disposal. These stick to the sides and trap pockets of moisture that can freeze and compromise the integrity of your indoor plumbing.

With these tips, you can enjoy a happy winter season without worrying about your plumbing. Talk to the experts at Easley Hedrick Insurance & Financial for more information on keeping your Virginia property safe throughout the year.

How Much Renter’s Insurance Do You Need?

Are you a renter in Richmond, VA?

You’ve probably heard people mention renter’s insurance, but what does it do, and how much do you need? Renter’s insurance is designed to protect you in two ways. First, it ensures your property that is in the rental. It can protect you from theft and damage, depending on the policy. The second thing it does is protect you from liability claims if someone is hurt while at your place. Knowing how much you need for each type of coverage can feel tricky, but these tips from Easley Hedrick Insurance & Financial will get you started.

Property

The primary reason people get renter’s insurance is to protect the things they own. On average, people keep less than $35,000 worth of stuff in a home they rent. There’s a good chance a policy on that scale will be sufficient for your belongings, but you can always tally what matters most to you. There are probably a few specific things that you especially want to be covered. As long as your policy is enough to replace or repair them, you’re in good shape on the property front.

Liability

Renters often don’t think about liability in terms of insurance, but this is the more critical aspect of a policy. Liability can easily be more expensive than replacing things you own, and it’s a more significant risk. A typical policy will usually cover around $100,000 in liability damages. Whether or not that’s enough depends on your lifestyle. If you have a lot to lose, you might want a better policy. It’s also worth a little more liability coverage if you entertain more than most people. Otherwise, a standard policy will probably be enough to keep you covered.

The best way to protect your rented home in Richmond, VA, is to talk to an agent. A little experience goes a long way, and a representative with Easley Hedrick Insurance & Financial can make sure your policy is sufficient for your needs.

How much umbrella insurance do you need?

Umbrella insurance, also known as excess personal liability insurance, is a great way to prevent financial loss in Richmond, VA. An indemnity plan of this sort serves as extra coverage when the policy limits of your traditional insurance plan are exhausted. 

Many consumers understand the value of umbrella insurance. Some, however, are still confused about how much they need. An agent at Easley Hedrick Insurance & Financial can help you find the best umbrella assurance plan to fit your lifestyle. Read on to get a general overview of how much coverage you may want to purchase. 

How umbrella insurance coverage works

Umbrella policies are not primary insurance plans and, thus, only works when your traditional plan has exhausted its limits. You cannot purchase umbrella insurance without showing proof of already having standard insurance. Therefore, most consumers find it easier to buy an umbrella indemnity plan along with their auto, home, or other types of traditional policies. 

The average umbrella plan is sold in increments of $1 million. Each additional increment may cost more. Still, the expense is minimal compared to what you would pay out-of-pocket if you do not have an umbrella insurance plan to cover the shortfall left by your traditional insurance plan’s policy limits. 

How much umbrella insurance do you need?

The amount of umbrella insurance you need depends on several things. Those with low auto premiums may consider purchasing more umbrella insurance. Equally so, individuals with dogs may want to buy a higher policy as well. Pet owners are fully responsible for the actions of their furry friends and may be on the hook for thousands if their dog bites an unsuspecting neighbor. 

It is best to speak with an agent in Richmond, VA from Easley Hedrick Insurance & Financial to determine how much umbrella insurance you need. Call today to get started with a quote!

5 Ways to Protect Your Vehicle While on the Road

Summer road trips offer great opportunities to explore the sights and sounds of Virginia. By planning your trip in advance, you can enjoy safer, more pleasant travels. The following tips from Easley Hedrick Insurance & Financial in Richmond, VA share ways you can protect your vehicle and belongings while on the road. 

Pack Wisely

Pack wisely, stowing cash and other valuables out of sight for safekeeping on the road. When stopping at a hotel or restaurant, avoid moving valuables into your trunk in plain sight of those around you, as it could draw undue attention from individuals looking for people to rob.

Park in Safe Locations

Choose your parking spaces wisely to discourage thieves or vandals from targeting your car. Park as close to the hotel or restaurant entrance as possible within easy view of people coming and going. Park in well-lit areas at night. If given a choice, park your car yourself as opposed to using valet parking to reduce your risk of theft.

Always Lock Your Vehicle

Always lock your car – even if you’re just jumping into a convenience store for a snack. An unlocked vehicle makes a tempting target for a would-be car thief. Use theft prevention devices such as car alarm or steering wheel lock to protect your vehicle on the road.

Maintain Interior Neat and Tidy

Avoid leaving beach towels, sweaters or pieces of clothing scattered on your car seats it gives the impression that you have something to hide. Thieves may risk breaking into your car to see if you’re hiding costly gadgets under these items. A neat car clearly shows there’s nothing to steal, encouraging thieves to move on.

Update Car Insurance

Update your auto insurance before hitting the road to ensure your vehicle and belongings are fully protected throughout your travels.

For quality auto insurance at reasonable costs, contact Easley Hedrick Insurance & Financial in Richmond, VA.

What to Look for in Maintaining Your Commercial Property

From residential complexes to office buildings, we understand that maintaining commercial buildings is a full-time job in itself. Fortunately, the task can be easier if you know what to look for. Below are some important tips to remember from your friends at Easley Hedrick Insurance & Financial in Richmond, VA.

Go Green

You’ve probably already heard about the benefits of green building maintenance, but we feel it’s important enough to bring up anyway. LED lighting, for example, saves a significant amount of energy and money. Green cleaning products are better for the environment. It’s definitely worth looking into.

Don’t Overlook Cosmetics

If your property is rented out by tenants, cosmetics are your secret selling superpower. Make sure the hallways, elevators, and exteriors have a clean inviting appearance. If your property is a company office space, cosmetics are important in boosting morale and productivity. After all, who wants to be stuck in a dirty old building all day? 

Plan Ahead

It’s easy to get caught up with putting out the fires of daily maintenance. But once the smoke clears out, ask yourself: “How can I prevent that from happening again?” Take the time to periodically check and update roofs, plumbing systems, AC units, or anything else in the building. If it’s time to replace it, do it…even if it appears fine. A little planning ahead goes a long way. 

Don’t Forget Your Insurance!

Last but not least, a good commercial insurance policy is important. It saves you a lot of headaches in case something goes unexpected. Is your Richmond, VA policy up to date? Contact Easley Hedrick Insurance & Financial. Our experts can help you get the coverage you need for your commercial property. 

How Often Should I Review My Insurance Policy?

Insurance needs often change, and sometimes even small changes can make a big difference in your policy. At a minimum, you should review your policy every 12- 18 months, though the former is definitely better than the latter. You should also review your policy for every life change. These include events such as marriage/divorce, kids leaving home, a family addition, income change, health change, and large purchases.

The type of life changes that will affect your policy is determined by the type of insurance you have. For instance, a change in health might affect your health insurance and life insurance policies, but probably not your auto insurance. Likewise, a large purchase may affect your homeowner’s insurance, but not likely your health insurance.

Major life changes can make a big difference in your needs but so can some smaller ones. The small ones may be changes you do not even think about. Maybe your nephew stayed with you for the summer but you did not think about taking him off of your insurance coverage when he left. Perhaps a child who was once a car rider in your vehicle no longer rides with you.

This is why you should diligently review your insurance policies, especially the type of policy, the insured, and the beneficiary. If you are unsure if a change needs to be factored in, speak to an insurance agent. By contacting Easley Hedrick Insurance & Financial, you will have a partner to go through your insurance with you line by line to assess any changes that should be made. We aim to help Richmond, VA residents have policies that cover their needs without unnecessary expenses.

If it is time to review your insurance policy, you have had a major life change, or you are unsure about a part of your coverage, call or stop by Easley Hedrick Insurance & Financial today. We are dedicated to serving Richmond, VA and aim to give you the best insurance service possible.

 

Why is insurance necessary for a renter?

Moving into a new rental unit in the Richmond, VA area is a very exciting time and situation. When you are looking to move into a new place as a renter it is important that you are aware of all of your new responsibilities. One thing that you will likely be required to do is have renters insurance in place at all times. There are several reasons why having renters insurance is necessary. 

Protects Personal Assets

One reason why insurance is a necessity when you are renting is that it will help to protect your personal assets. If you are moving into a new rental unit you could incur a variety of expenses related to the purchase of furniture, clothing, and other items. If you do not have renters insurance, you will not have coverage for these assets if they are damaged or stolen. A renters insurance policy will give you coverage for your personal belongings.

Liability Protection

Another reason why you need to have renters insurance is that it will provide you with liability protection. As a renter, you are taking on liability if you have someone come to your home. If they happen to be injured while in your apartment, you could be liable for their damages. Fortunately, the liability portion of your renter’s insurance policy will give you coverage for this. 

If you are renting in the Richmond, VA area, you should speak with the team at Easley Hedrick Insurance & Financial to learn more about how renters insurance can help you. The Easley Hedrick Insurance & Financial insurance professionals will be able to review your particular situation and figure out what renters policy is right for you. This can ensure that you are properly covered in your new home. 

Does Umbrella Insurance Cover Legal Costs?

Whether you need business or personal insurance coverage, adding an umbrella policy can enhance your liability protection and give you financial support when mitigating insurance claims. The financial assistance you receive does depend on your policy and the terms you agree to. In some instances, your umbrella policy can help cover legal or settlement costs, when the monetary thresholds of your other policies are exceeded. 

Umbrella coverage may be the only protection you have in certain situations, such as cases involving libel or slander. In these instances, the legal fees can skyrocket quickly, and an umbrella policy may be your only line of defense. Businesses and individuals can benefit from umbrella coverage. When determining monetary thresholds, it’s important to consult with an experienced insurance professional. Meeting with an associate at Easley Hedrick Insurance & Financial in Richmond, VA can help you determine your risk profile and coverage needs. 

Living in a litigious society means that there is a significant risk of litigation if you are liable for causing damage or harm to others. Having insurance that can cover legal costs is a prudent decision. Using umbrella insurance in a coordinated effort with other types of policies is also important. In doing this, you can create the best possible screen of defense. The insurance professional you choose can ultimately determine how well-rounded your protection is. So, choose your insurance professional wisely. 

For additional information on umbrella insurance and the costs, it covers, please contact Easley Hedrick Insurance in Richmond, VA. An experienced professional will be available to answer your questions and set up a consultation. Let umbrella insurance enhance your peace-of-mind starting today.