Home Insurance - Blog | Wenatchee Insurance Agency

What are fires doing to the price of my Home Insurance?

Posted on July 17, 2023April 26, 2024 by Matt McColm

Wildfires were one of the reasons that we set up Wenatchee Insurance. Folks West of Sunnyslope and up to Lake Wenatchee have been requesting quotes because their old company has been asking for significant increases. Well, this is what is going on with the underwriters.

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In areas where there is a high risk of wildfires or other fire-related hazards, insurance companies may take certain measures to manage their exposure and minimize potential losses. While practices can vary among insurance providers and regions, here are some common actions that insurance companies may take:

Moratoriums: Insurance companies may implement temporary moratoriums on issuing new policies or making policy changes during periods of high fire danger. This is done to prevent individuals from obtaining coverage when a fire is imminent or already occurring. During large fires, we have seen multiple zip codes blocked by some companies.
Non-Renewals: Insurance companies may choose not to renew policies for homeowners located in areas with a high risk of fire. If the risk of fire in a specific region is deemed too high, an insurance company may decide to discontinue coverage for existing policyholders when their policies expire.
Increased Premiums: In high-risk areas, insurance companies may charge higher premiums to reflect the increased risk of fire. These higher premiums are intended to offset the potential cost of claims in fire-prone regions.
Risk Assessments: Insurance companies may conduct thorough assessments of individual properties in high-risk areas. They may consider factors such as proximity to trees or brush, the availability of fire protection systems, and other risk mitigation measures. Insurance companies may choose to offer coverage, limit coverage, increase price, or decline coverage altogether.

It’s important to note that these actions are typically taken by insurance companies to manage risk and maintain their financial stability. If you live in an area prone to fires, it’s advisable to have a conversation with your agent to understand the conditions. It is why we shop multiple companies for our clients to find a good rate.

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Topics: Wenatchee Insurance, Insurance Quote, Home Insurance, Auto Insurance, Wenatchee, Chelan, Fire Insurance, Okanogan, Douglas County, Independent Insurance Agency, Insurance Shopping, Wild Fire

Does my home insurance policy cover fireworks?

Posted on July 3, 2023April 26, 2024 by Matt McColm

Central Washington Dangers

With the fire dangers high in Central Washington, local governments have been banning the sale and use of fireworks in favor of Community displays. In Wenatchee Valley, there is a great display visible from Walla Walla Point Park, every year.

The coverage for fireworks damage can vary depending on the specific terms and conditions of the insurance policy. However, I can provide you with a general overview of how an insurance policy might cover fireworks damage.

If you don’t have a policy then let us know and we will be glad to assist as an independent insurance agency.

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Types of Insurance:

Homeowner’s Insurance: If you have a homeowner’s insurance policy, it may provide coverage for fireworks damage to your property. Typically, this coverage falls under the “perils” section of the policy, which includes fire, explosions, and certain types of accidental damage. If your property is damaged due to a fire caused by fireworks, you may be eligible to file a claim and receive compensation for the repairs or replacement of the damaged items.

Personal Property Coverage: Homeowner’s insurance policies often include personal property coverage, which protects your belongings from various risks, including fire damage. If your personal belongings, such as furniture, electronics, or other items, are damaged by fireworks, you may be able to file a claim to receive compensation for their repair or replacement.

Liability Coverage: Another aspect of insurance coverage to consider is liability protection. If you accidentally cause damage to someone else’s property with fireworks, your liability coverage may help cover the costs of repairs or replacement. For example, if a firework ignites a neighbor’s house and burns the garage down, your insurance could cover the expenses.

Additional Home Insurance Info:

The average Home value in Wenatchee is over $500K so if you went cheap or started a large fire then your liability may not be enough. Fireworks cause a majority of problems around the 4^th of July.

Some policies may completely exclude fireworks-related incidents, while others may have specific restrictions on the types of fireworks covered or the circumstances under which they’re covered. Always go over coverage with your insurance agent.

Always follow local laws and regulations when handling fireworks and use them responsibly to minimize the risk of accidents and potential damage. Additionally, it’s worth mentioning that intentionally caused damage or illegal use of fireworks may not be covered by insurance policies.

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Topics: Fireworks, Independent Insurance Agency, 4^th of July, Wenatchee Insurance, Bundle, Wenatchee, Deductible, Chelan County, Douglas County, Okanogan, Liability

How can I lower the cost of my manufactured home?

Posted on June 29, 2023April 26, 2024 by Matt McColm

Manufactured homes have been around for a while.

Yes, we have come a long way from calling them trailer parks, and mobile homes. Manufactured Homes are just about everywhere in Central Washington. However, they are not insured the same way as a stick built. Not every insurance company will insure them.

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As your local independent insurance agency, Wenatchee Insurance Agency has multiple companies that cover manufactured homes. consider the following tips:

Bundle your policies: If you have other insurance policies, such as auto or life insurance, consider bundling them with your manufactured home insurance. Many insurance companies offer discounts for bundling multiple policies together.

Update your insurance coverage periodically: Regularly review your insurance coverage to ensure it accurately reflects the value and condition of your manufactured home. At the very minimum shop and adjust every four years. Every time that I vote for President, I shop my insurance to avoid inflation creep.

Increase your deductible: The deductible is the amount you pay out of pocket before your insurance coverage kicks in. By opting for a higher deductible, you can lower your insurance premium. Just make sure you choose a deductible amount that you can comfortably afford in case you need to make a claim.

Improve home security: Enhancing the security of your manufactured home can reduce the risk of theft or damage, which may qualify you for lower insurance premiums. Install security systems, smoke detectors, and deadbolt locks.

Maintain a good credit score: Insurance companies often consider your credit score when determining premiums.

Trailer overlooking mountains with porch.

Inquire about discounts: Ask Wenatchee Insurance about any discounts they offer specifically for manufactured homes. They may have discounts for certain safety features, early shopping discounts, or other factors.

Remember to read the policy carefully and ask questions to ensure you understand the coverage provided. It’s essential to strike a balance between cost savings and adequate coverage to protect your manufactured home.

With fire season heating up fast this year, we want to make sure that all of our neighbors are adequately covered.

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Topics: Manufactured Home, Mobile Home, Independent Insurance Agency, Wenatchee Insurance, Bundle, Deductible, Chelan County, Douglas County, Okanogan,

3 Benefits of Bundling Home and Auto Insurance

Posted on June 16, 2023April 26, 2024 by admin

Many people purchase their auto insurance and home insurance separately. This is often simply because they may not be a homeowner when they purchase vehicle insurance. The car often comes first, and then later on, the home purchase. At that time, it’s worth revisiting the insurance plan and having them with the same company. Wenatchee Insurance Agency, serving North Central Washington, offers the ability to bundle your home and auto insurance.

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Here are three of the many benefits of doing this:

1. Simplicity

Life is complicated enough, and it’s helpful to make things simple whenever possible. When you bundle your home and auto insurance, you can keep all your insurance files and information in one place. Also, you will be working with one insurance agent instead of two. Your one insurance agent will be able to help you with both your home and auto insurance questions, changes, claims, etc.

2. Better Understanding of the Company

Every insurance company has its own procedures. Rather than you having to keep track of how two different insurance companies operate, bundle your home and car insurance so you only need to be familiar with one company’s policies.

3. Easier Payments

When you have two separate insurance companies, you have to make two insurance premium payments separately. This will entail the necessity of logging into two websites and managing bill payments for two separate calendar dates. When you bundle your home and car insurance, you may have only one payment to make that covers both your home and vehicle. And even if they are separate payments, you only have to deal with one company for both policy payments.

Give Us A Call

There are even more benefits to bundling your various insurance policies. Contact Wenatchee Insurance Agency, exclusive to Washington state to learn more about how to bundle your home and car insurance.

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Category: Home Insurance

What are fires doing to the price of my Home Insurance?

Does my home insurance policy cover fireworks?

Central Washington Dangers

Types of Insurance:

Additional Home Insurance Info:

How can I lower the cost of my manufactured home?

3 Benefits of Bundling Home and Auto Insurance

Here are three of the many benefits of doing this:

1. Simplicity

2. Better Understanding of the Company

3. Easier Payments

Give Us A Call

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