Most Common Myths About Commercial Insurance

As a business owner, you have to wear many hats to make sure that your business runs efficiently and smoothly. And that includes protecting your business and your employees against damages and losses. However, when you are shopping for commercial insurance, it is important to be aware of the misconceptions about it that can cloud your judgment when making an important decision. Western Insurance Associates serving Spokane, WA has prepared the list of myths about commercial insurance that need to be debunked: 

It Is Not Necessary To Have Commercial Insurance For A Home-Based Business 

Many people mistakenly believe that if they have a home office, their business and its contents will be covered by standard home insurance. However, the truth is that anything pertaining to your business requires additional coverage. 

General Liability Will Cover All Possible Risks

Unfortunately, general liability insurance is not a one-size-fits-all solution for all risks related to business operations. Even though it provides comprehensive coverage, it cannot protect your business from every single claim. 

Commercial Insurance Will Cover Damages Caused By Flooding

Another common misconception is that commercial insurance protects businesses against damages due to flooding. However, in reality, business insurance does not always cover this type of damages, and you may have to get a separate flood insurance policy. 

Commercial insurance is more than just another type of insurance – it is a guarantee that your business, employees, and you, as a business owner, are protected against different risks, including cyberattacks, fires, lawsuits, and others. If you are currently shopping for commercial insurance and looking for a trustworthy insurance agency, Western Insurance Associates serving the clients from Spokane, WA, and other surrounding areas is ready to help you. Do not hesitate to give us a call and talk to one of our agents. 

What is umbrella insurance and why should I have it

If you are looking for a locally owned and operated independent insurance agency in Spokane, WA,  Western Insurance Associates fits the bill. Our company has been through many changes since it began in 1939 as Fairfield Waverly Insurance. We have changed with the times and today we have an experienced team that is dedicated to helping our customers find the right coverage for all their insurance needs. Umbrella is just one of the types of insurance we are happy to discuss with you. 

Umbrella insurance is often misunderstood. What is it and what it can do for you is not at all mysterious. Umbrella insurance is a type of excess liability insurance. It is not a policy that you buy unless you already own a policy that has liability coverage such as home or auto insurance. You don’t have to be a homeowner, however, to benefit from its coverage. It can be added to a renter or boat policy as well. 

Liability insurance is one of the most important types of insurance that you have. It protects you from legal action that may happen as a result of an accident that you or a family member is involved in. Medical bills for injuries can be very high. When these are combined with legal action against you, they can be devastating to your finances. Many things can result in a suit against you, from a car accident to someone injured while swimming in your pool. You may find out the hard way that the liability limit on your home or auto insurance is inadequate. 

Umbrella insurance usually adds between one and ten million dollars to your liability protection. If you live in or near Spokane, WA, Western Insurance Associates would love to sit down with you and discuss why umbrella insurance is something you need to have.

A Guide To Help Washington Residents Find The Right Condo Insurance

Western Insurance Associates assists the Spokane, WA community, as well as the surrounding areas through offering multiple insurance policies. We strive to help all of our clients find the insurance coverage that they need to enjoy their lifestyle. It’s important to use that you are protected whenever something happens that you did not plan for.

Condo Insurance

Several stunning condo projects have been built throughout the Pacific Northwest, especially in Spokane, WA. If you are preparing to move into one of these luxurious new condos, it’s important that you have protection. Condo insurance allows you to move into your unit with the comfort that everything is secure.

The policy helps cover you in the event that your unit is damaged due to a natural disaster. You will have security in the event that you have to replace your cabinets or flooring. You can also amend your policy to include liability coverage so that you will be protected in the event that someone is injured while visiting your condo unit.

All of your personal possessions are covered in the event that they are stolen or vandalized. The policy will help alleviate some of the stress that you may feel as you think about how you are going to replace some of your valuables. In the event that your unit suffers severe damage, you’ll be covered if you are obligated to seek lodging elsewhere while your unit is repaired. While you are researching different condo insurance policies, consider taking inventory of your possessions and having them appraised. This will help you determine the true value of your belongings.

Western Insurance Associates Will Guide You Through The Process

Visit our website today to learn more information about how we can assist you.

As a young healthy person, do I need health insurance?

Many young people feel that health insurance is something you need, only if you are unhealthy or older. However, nothing could be further from the truth. Unexpected incidents can happen to anyone of any age and health status. Beyond that, regular check-ups are preventative measures that can go a long way when it comes to keeping people healthy. Health insurance is beneficial in any number of health-related situations, for both treatment of a health issue as well as prevention.

No Health Insurance…What Does This Mean?

No health insurance means that you are responsible for funding one hundred percent of all your health care, be it preventative, treatment-related, or emergencies. You have to have the money to take care if anticipated health expenses as well as emergencies. Most of us don’t have the funds to do this, particularly when we are young. Western Insurance Associates of Spokane, WA understand that even young people can benefit greatly form health insurance. Many young people are just starting and are often still students and very new to their careers. This usually translates into little money or an income that falls more on the modest side. As a result, those routine dental visits or yearly checks up can be pricey and out of range for a young person without health insurance. Even a broken leg from that skiing vacation with friends in Cancun can prove astronomically hard on the pockets. Health insurance makes healthcare more affordable or everyone, even the young. It’s a struggle to pay for a hundred percent of all your healthcare needs…it often the difference between going without care at all or visiting the emergency room for problems that a doctor’s visit could take care of. Give us a call. We’re committed to helping young people understand and navigate health insurance. We can’t wait to answer your questions. 

What Legal Fees Can Auto Insurance Pay?

In Spokane, WA, your auto insurance provider will provide coverage for some basic legal fees, but this coverage is restricted to specific circumstances.

Essentially, your insurance provider will pay the legal fees and hire a lawyer on your behalf if you’re being sued, and by that we mean if you’re being sued over something that is not excluded, and if you’ve paid your premiums on time. If you’re being sued over a car accident for personal injuries, then that’s a personal injury lawsuit, and that’s what your insurance is there to protect you against in the first place. If you want to sue someone, on the other hand, you’re on your own.

And you might not be defended by your insurer if:

  • You didn’t let your insurer know about the accident in a timely manner.
  • You caused a car accident on purpose.
  • The damages exceed your policy limits.

Most lawsuits you’re going to face as a result of a car accident fall well within the boundaries of what your insurance company is willing to pay for. They’re not here for criminal defense or to wield as your litigation financiers for suing people, and they can’t offer you much help if you haven’t paid your premiums. But if you are being sued over a car accident and your policy is still active, your insurer probably has your back.

If you are still looking to get covered in Spokane, WA, get in touch with us at Western Insurance Associates by email, call us, or stop by the offices. At Western Insurance Associates, we will compare several providers to provide you with quotes and get you a good deal on an excellent policy so that you can drive safely.

Determining How Much Umbrella Insurance You Need

Umbrella coverage may not be required in Spokane, WA, but it’s recommended if you have assets. Policies are sold in $1 million increments, and the more assets you have, the more coverage you want. 

Look At Your Risk

A car accident can be a common scenario, which results in a significant judgment and would trigger the need for umbrella insurance. Your risk will be higher the more you drive and if you have elderly or teen drivers. Other things in your life can also increase your risk. For example, if you have a condo, then you could be held responsible if you damage other units. You are more at risk if you have a swimming pool, trampoline, boat, RV, or dog. You could be more likely to get sued if you serve on your homeowner’s association board or are active on social media. If you have several responsibilities, then you could be at a higher risk, which means you need more coverage. 

Look At Your Assets

The typical $1 million policy is usually enough for most people. However, if you have more assets, an agent at Western Insurance Associates may be able to help you determine how much more you need. A simple way to get an estimate of your net worth is to add up your belongings, which means your properties, house, retirement, bank accounts, and any investments you have and then subtract your liabilities or debts you currently have. Also, keep in mind your current income, as well as your expected future income. As your income grows and you get more net worth, you may want to increase your coverage. Keep in mind you will also need to meet the minimums required for auto insurance in Spokane, WA and the minimum homeowner’s insurance your lender requires you to have before getting umbrella insurance. 

Contact Western Insurance Associates to get a quote on umbrella insurance. 

When is recreational insurance required in Spokane?

Those that live in the Spokane, WA area will likely love the amazing outdoor recreation opportunities that are all around. No matter what time of the year it is, there is always an opportunity to enjoy fresh air and nature. One way that you can have even more fun and enjoyment by getting a recreational vehicle. When you own a recreational toy, it is important to get insurance for it. There are several situations when this could be a requirement for you. 

Local Requirement for Liability

One situation when you will need to get insurance for your recreational toy is when it is a local requirement. Depending on where you want to use your recreational toy, you may need to meet local liability requirements. Certain areas in the Spokane area will require that you have insurance to ensure you can cover damages if you cause an accident when using your recreational toy. You may need to provide evidence of insurance before using it in these locations.

Provides Coverage for Asset

Another reason to get recreational toy insurance is that it will provide you with coverage for your asset. Buying a recreational toy is always a big purchase and one that needs to be covered by insurance. When you do get insurance coverage, you will receive protection against many risks, including the risk of accident damage, theft, or even damage related to bad weather. 

When you own a recreational toy in the Spokane, WA area, it is crucial to consider your insurance needs. When you are looking for insurance, you should contact Western Insurance Associates. The team at Western Insurance Associates will be able to provide you with a variety of services to ensure you select a policy that is right for your situation. 

Renters Insurance Can Protect Valuable Belongings

For anyone renting a home, apartment, or other dwellings, having proper renters insurance can help them protect their personal belongings. A lot of renters choose to go without this valuable insurance, but that can put them at risk if there’s a flood, fire, or other types of problems with the property they’re renting. Some renters may also not realize that they need this insurance, or may incorrectly assume that the landlord’s home policy will cover the things they bring with them. Unfortunately, that’s not the case. The landlord’s policy only covers the structure, and it is the renter’s responsibility to protect what’s inside it. At Western Insurance Associates, we can help.

If you’re in the Fairfield or Spokane, WA area, our trusted agents are standing by to provide you with information and quotes on the level and type of coverage that will be right for your situation. Getting a policy to protect your belongings when you’re renting generally isn’t difficult and doesn’t take a long time. We can help make the process as streamlined and easy as possible, so you can get your coverage and get back to enjoying your new space. When you rent, you want to feel at home. Part of that is feeling settled and having security and peace of mind. With the right insurance, that settled in feeling comes much more easily.

Reach out to us today at Western Insurance Associates, and let us help you get the renter’s insurance policy you need. We want all of our Fairfield and Spokane, WA clients to have their personal belongings protected, so they don’t have to worry about problems in the future. By working with our agents to find the right policy for your needs, you can feel confident that you’re getting a quality insurance policy that will provide you with the desired level of protection. Don’t settle for less than that so that you can have a good experience in your rental home.

How Big Does a Boat Have to be to be Registered in Washington?

Washington residents who enjoy spending time on the water need to know the rules that apply to insuring and registering their boat or watercraft. The agents at Western Insurance Associates in Spokane, WA can help you determine whether or not you will have to register your boat before putting it in the water.

Canoes, Kayaks, and Other Non-Motorized Vessels

Any vessel that is not propelled by a motor or a sail will not have to be registered with the state of Washington. If you self-propel the vessel with an oar or paddle, you can use it on almost any waterway in the state.

16 Feet or Less, 10 HP or Smaller

Boats that measure less than 16 feet in length and have a motor that produces less than 10 horsepower do not have to be registered if they are being used in state or non-federal waterways.

Registered in Another State

You can use a boat that is registered in another state without registering it in Washington. If a boat is brought in from another state it will only be legal for 60 days. After that, the registration must be transferred to Washington. You must have proper documentation with you at all times. This is normally a card that states the name of the owner and where the state in which the boat is registered.

At Western Insurance Associates, Washington residents can talk to a reputable agent and learn everything they need to know before taking to the water. Having your boat properly registered and insure is essential if you want to remain in compliance with state laws. Talk to your agent in Spokane, WA today!

3 Things to Remember If You Want to Prevent Car Theft

Crime can occur at any place and at almost any time. Car theft is one of the most common forms of criminal activity. To reduce your risk of theft, the agents at Western Insurance Associates offers Fairfield and Spokane, WA residents helpful tips on keeping their car safe and secure. There are several things you can do to make your vehicle harder to steal. 

Don’t Leave Valuables Out in Plain Sight

Don’t leave anything of value laying on your seats or dash. Valuable items that are left in plain sight are often the first things that will attract a thief to your vehicle. Put items in the glove box, console or under the seat where they can’t be seen.

Always Lock Your Doors

Always roll up your windows and lock your car doors. If you aren’t sure, check your trunk as well. An unlocked door is an open invitation for someone to break into your vehicle and take whatever they find inside. It’s also an opportunity for them to try and steal your car.

Don’t Park on the Street

Always park in your driveway or in your garage. If you find that you have to park on the street, always park as close to a street light as possible. Car thieves won’t try to break into a vehicle if they can easily be seen by passers-by.

If you’re near Spokane, WA, visit the agents at Western Insurance Associates. If you are concerned about car theft or have experienced a break-in in the past, ask the agents for a few tips to keep your vehicle safe. They have the answers to your questions and will assist you in keeping your vehicle as safe and secure as possible.