Does Motorcycle Insurance Cover Theft?

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Motorcycles are always a joy to ride, but their compact nature makes them more susceptible to theft than other vehicles. Many people purchase insurance because they’re legally required to, but does motorcycle insurance cover theft?

Legal Requirements

The minimum requirements in Richmond, VA, state that all registered vehicles, including motorcycles, must carry minimum liability insurance. This must include:

  • $20,000 property damage liability insurance
  • $25,000 bodily injury liability per person
  • $50,000 total bodily injury liability per accident

Motorcycle owners who obtain minimum liability insurance to meet legal requirements will not have insurance that covers theft. However, other insurance options are available to provide additional coverage.

Additional Coverage

Insurance companies like Cary-Wheeler & Associates Inc. offer several levels of coverage to protect motorcycles. Motorcycle owners may have the same options as car owners do:

  • Comprehensive Coverage: Comprehensive coverage provides coverage for events other than an accident with another vehicle, such as hitting a telephone pole or animal, vandalism, theft, and weather damage.
  • Collision Coverage: This provides coverage for your motorcycle if you’re in an accident with another vehicle or object. However, some companies offer collision coverage for accidents with another vehicle and only provide coverage for accidents with an object or animal under comprehensive coverage.
  • Uninsured Motorist Coverage: This type of coverage can help you if you’re in an accident with someone who doesn’t have insurance or whose insurance isn’t enough to cover the cost of damages.

Motorcycle owners can also enjoy roadside assistance, coverage for add-ons, and more. However, this varies depending on the company you work with.

We understand motorcycle owners are more likely to deal with theft. That’s why experienced agents at Cary-Wheeler & Associates Inc. will help you find the right coverage to ensure you’re protected. Contact us today to find the right policy for your motorcycle. We’re currently serving the Richmond, VA area.

Does Motorcycle Insurance Cover Theft?

Posted on by admin

Motorcycles are always a joy to ride, but their compact nature makes them more susceptible to theft than other vehicles. Many people purchase insurance because they’re legally required to, but does motorcycle insurance cover theft?

Legal Requirements

The minimum requirements in Richmond, VA, state that all registered vehicles, including motorcycles, must carry minimum liability insurance. This must include:

  • $20,000 property damage liability insurance
  • $25,000 bodily injury liability per person
  • $50,000 total bodily injury liability per accident

Motorcycle owners who obtain minimum liability insurance to meet legal requirements will not have insurance that covers theft. However, other insurance options are available to provide additional coverage.

Additional Coverage

Insurance companies like Cary-Wheeler & Associates Inc. offer several levels of coverage to protect motorcycles. Motorcycle owners may have the same options as car owners do:

  • Comprehensive Coverage: Comprehensive coverage provides coverage for events other than an accident with another vehicle, such as hitting a telephone pole or animal, vandalism, theft, and weather damage.
  • Collision Coverage: This provides coverage for your motorcycle if you’re in an accident with another vehicle or object. However, some companies offer collision coverage for accidents with another vehicle and only provide coverage for accidents with an object or animal under comprehensive coverage.
  • Uninsured Motorist Coverage: This type of coverage can help you if you’re in an accident with someone who doesn’t have insurance or whose insurance isn’t enough to cover the cost of damages.

Motorcycle owners can also enjoy roadside assistance, coverage for add-ons, and more. However, this varies depending on the company you work with.

We understand motorcycle owners are more likely to deal with theft. That’s why experienced agents at Cary-Wheeler & Associates Inc. will help you find the right coverage to ensure you’re protected. Contact us today to find the right policy for your motorcycle. We’re currently serving the Richmond, VA area.

Does Motorcycle Insurance Cover Theft?

Posted on by admin

Motorcycles are always a joy to ride, but their compact nature makes them more susceptible to theft than other vehicles. Many people purchase insurance because they’re legally required to, but does motorcycle insurance cover theft?

Legal Requirements

The minimum requirements in Richmond, VA, state that all registered vehicles, including motorcycles, must carry minimum liability insurance. This must include:

  • $20,000 property damage liability insurance
  • $25,000 bodily injury liability per person
  • $50,000 total bodily injury liability per accident

Motorcycle owners who obtain minimum liability insurance to meet legal requirements will not have insurance that covers theft. However, other insurance options are available to provide additional coverage.

Additional Coverage

Insurance companies like Cary-Wheeler & Associates Inc. offer several levels of coverage to protect motorcycles. Motorcycle owners may have the same options as car owners do:

  • Comprehensive Coverage: Comprehensive coverage provides coverage for events other than an accident with another vehicle, such as hitting a telephone pole or animal, vandalism, theft, and weather damage.
  • Collision Coverage: This provides coverage for your motorcycle if you’re in an accident with another vehicle or object. However, some companies offer collision coverage for accidents with another vehicle and only provide coverage for accidents with an object or animal under comprehensive coverage.
  • Uninsured Motorist Coverage: This type of coverage can help you if you’re in an accident with someone who doesn’t have insurance or whose insurance isn’t enough to cover the cost of damages.

Motorcycle owners can also enjoy roadside assistance, coverage for add-ons, and more. However, this varies depending on the company you work with.

We understand motorcycle owners are more likely to deal with theft. That’s why experienced agents at Cary-Wheeler & Associates Inc. will help you find the right coverage to ensure you’re protected. Contact us today to find the right policy for your motorcycle. We’re currently serving the Richmond, VA area.

Does Motorcycle Insurance Cover Theft?

Posted on by admin

Motorcycles are always a joy to ride, but their compact nature makes them more susceptible to theft than other vehicles. Many people purchase insurance because they’re legally required to, but does motorcycle insurance cover theft?

Legal Requirements

The minimum requirements in Richmond, VA, state that all registered vehicles, including motorcycles, must carry minimum liability insurance. This must include:

  • $20,000 property damage liability insurance
  • $25,000 bodily injury liability per person
  • $50,000 total bodily injury liability per accident

Motorcycle owners who obtain minimum liability insurance to meet legal requirements will not have insurance that covers theft. However, other insurance options are available to provide additional coverage.

Additional Coverage

Insurance companies like Cary-Wheeler & Associates Inc. offer several levels of coverage to protect motorcycles. Motorcycle owners may have the same options as car owners do:

  • Comprehensive Coverage: Comprehensive coverage provides coverage for events other than an accident with another vehicle, such as hitting a telephone pole or animal, vandalism, theft, and weather damage.
  • Collision Coverage: This provides coverage for your motorcycle if you’re in an accident with another vehicle or object. However, some companies offer collision coverage for accidents with another vehicle and only provide coverage for accidents with an object or animal under comprehensive coverage.
  • Uninsured Motorist Coverage: This type of coverage can help you if you’re in an accident with someone who doesn’t have insurance or whose insurance isn’t enough to cover the cost of damages.

Motorcycle owners can also enjoy roadside assistance, coverage for add-ons, and more. However, this varies depending on the company you work with.

We understand motorcycle owners are more likely to deal with theft. That’s why experienced agents at Cary-Wheeler & Associates Inc. will help you find the right coverage to ensure you’re protected. Contact us today to find the right policy for your motorcycle. We’re currently serving the Richmond, VA area.

Does My Auto Insurance Cover Rental Cars?

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While you likely have coverage for your vehicles in Richmond, VA, there are times when you drive another car. For instance, when you travel, you might rent a vehicle. Is that still covered?

We get that question a lot at Cary-Wheeler & Associates Inc., so here’s a basic breakdown of rental coverage.

Comprehensive Coverage

Let’s emphasize that every policy is different. You should always check to see exactly what coverage you have and never assume anything.

With that said, comprehensive auto insurance plans can include coverage for when you rent a car. When that is the case, a specific clause in the policy plan will explain rental car coverage.

Please note that even if your policy covers rental cars, exceptions may still apply. One of the most common exceptions is commercial use. In other words, if you rent a car for work, your insurance might not cover it, even if you have rental car coverage. In those cases, you likely need a commercial policy, which your employer should purchase.

What Is Covered?

If you do have rental car coverage, what is included? Once again, every policy is different.

That said, the most common inclusions include liability in cases where you cause an accident. You might also have collision/loss damage coverage for property damaged in the event. Personal effects coverage applies to your personal items that might be damaged or stolen. Finally, personal accident coverage applies to medical bills.

Additional Coverage Options

If rental coverage is not already included in your policy, you can often add it as an upgrade. You can also get a specific rental car insurance policy and bundle it with your other insurance policies.

Alternatively, most rental services offer their insurance option that you can purchase for each rental. Finally, some credit card programs provide rental insurance protection, although coverage limits will vary.

With all that said, if you want to be sure you’re protected when renting a car, your easiest path forward is a simple conversation. Contact Cary-Wheeler & Associates, Inc., and speak with an agent serving Richmond, VA. You can make sure you have the coverage you want.

Why Umbrella Insurance is a Good Back-Up Plan

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Accidents are unpredictable. That is the nature of an accident. That’s why, if you are like so many people, you rely on insurance solutions as your plan A against accidents. That’s also why so many people in the Richmond, VA area prepare for the unplanned, unexpected, and unforeseeable with insurance solutions from the reliable and professional team at Cary-Wheeler & Associates Inc. for their plan A – and umbrella insurance as their plan B.

The Importance of Umbrella Insurance as a Backup Plan

It is the unpredictability of accidents that makes it a good idea to have a backup plan. Yes, standard insurance policies often cover the needs of policyholders when they need them, and sometimes, they do not. So, what happens when the unpredictability of an accident results in damages, bills, or claims that exceed your standard policy limits? Exactly. And that is precisely why a backup plan or plan B is a good idea and where the right umbrella insurance can make a difference. These are also reasons why it is worth taking the time to talk to your agent about the benefits and protection of umbrella insurance when you need a plan B.

Securing Umbrella Insurance Solutions in Richmond, VA

Do you live in the Richmond, VA area? Would you like to learn more about umbrella insurance or how it could benefit you? We can help. Contact us to find out more and schedule an appointment with our professional and experienced team today at Cary-Wheeler & Associates Inc. for all your umbrella insurance solutions. When accidents become unpredictable, like they often do, umbrella insurance could be the backup plan you need.

Understanding Loss Assessment Coverage in Your Condo Insurance Policy

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Condominium homeowners associations are required to carry a master insurance policy that covers several distinctive features of condo living, such as common areas that all residents share. When damage occurs, a loss can lead to additional costs to condo owners. At Cary-Wheeler & Associates Inc. in Richmond, VA, we help our clients acquire loss assessment coverage to reduce expensive condo assessment costs.

Understanding What a Loss Assessment Is

Sometimes, damage occurs to common areas of a condo property that the master insurance policy may not cover. This may occur when a high deductible amount exceeds what is available in the reserves of money that consists of your monthly condo fees or a shortfall in the coverage amount. When this situation occurs, the condominium association may call for a loss assessment from all the association members to make up the difference.

When Does Loss Assessment Coverage Apply?

A severe storm or hurricane may cause damage to a building, swimming pool, or gazebo on the property. The condo association’s insurance coverage may only cover a portion of the damage or may have a high deductible. If you are required to pay a portion of the difference, your loss assessment coverage may apply. This coverage does not cover normal upkeep or replacement; it only covers assessments associated with a loss covered by insurance. Loss assessment coverage may vary, and you may be able to get additional loss assessment coverage.

Make Cary-Wheeler & Associates Your Agent for Condo Insurance

If you have questions about the unique insurance needs of condominium ownership, our experienced agents can provide expert advice and factual information. We offer policies for a wide range of needs, including life, home, watercraft, auto, motorcycles, renters, and business. Contact Cary-Wheeler & Associates Inc. in Richmond, VA, today for a no-obligation quote on condo insurance to prevent unexpected financial loss from loss assessments.

How to Prepare Your Home For an Incoming Blizzard

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While blizzards can be mesmerizing to watch from the warmth of your home, they can also bring harsh conditions that challenge your property and safety. At Cary-Wheeler & Associates Inc. in Richmond, VA, we understand the importance of preparing for extreme weather. A little preparation can go a long way in protecting your home and family when snow accumulates.

Examine Your Roof and Gutters

Your roof is your home’s primary defense against heavy snow and ice. Before a blizzard strikes, inspect for loose shingles or weak spots that could collapse under the weight of snow. Ensure your gutters are clear of debris for proper drainage when the snow melts. If your gutters are blocked, melting snow may refreeze, leading to ice dams that can damage your roof and walls.

Seal Windows and Doors

Cold air can enter your home during a blizzard. Check your windows and doors for drafts, and seal any gaps with weatherstripping or caulk. This will keep your home warm and help reduce your energy bills during the stormy season.

Prepare Emergency Supplies

Blizzards often result in power outages, so having necessities on hand is essential. Ensure you have ample food, water, flashlights, batteries, and warm blankets. A backup heat source, such as a portable heater or wood stove, can be a lifesaver if the power is out for an extended period.

At Cary-Wheeler & Associates Inc. in Richmond, VA, we help you protect your home from life’s unexpected events. Contact us to discuss your home insurance options and secure the peace of mind you deserve before the next storm arrives.

Why Every Business Needs Worker’s Comp Insurance

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No matter what type of company you have, if you have employees, you need worker’s compensation insurance, also known as worker’s comp. Operating a business without it could potentially lead to its failure after a workplace accident. To ensure you have the worker’s comp coverage you need for all your employees, contact us today at Cary-Wheeler & Associates Inc. in Richmond, VA.

Workplace Accidents Can Happen Anywhere

Some business owners believe they don’t need worker’s comp insurance because their business isn’t inherently dangerous. Countless office jobs aren’t inherently dangerous, but that doesn’t mean accidents won’t happen. It’s also possible for employees to get sick because of the work they do. It’s possible for anyone to fall at any time, even if there isn’t an apparent reason to do so. This can end up costing your business a lot when it comes to things like lost wages, medical bills, continuing therapies, and legal bills. Make sure you always have this insurance just in case.

Worker’s Comp Insurance: A Legal Requirement

For most businesses, this type of insurance is required. If you have more than two employees, even if they’re part-time, you are required by the state of Virginia to have worker’s comp coverage. However, even if you have fewer, it’s always a good idea to have this type of insurance to protect your business. A serious accident can end up costing many thousands to treat, and you need to make sure that those funds are available in case this happens. It also protects your employees by ensuring that there will be funds if an accident does happen.

Secure Your Worker’s Comp Insurance

To ensure that you comply with the law and protect your business, contact us at Cary-Wheeler & Associates Inc. in Richmond, VA.

Components of Renters Insurance

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Your renters’ policy from Cary-Wheeler & Associates Inc. protects your rented Richmond, VA, home in three ways. Most policyholders know that renters insurance pays to replace their personal possessions if a peril named in the policy damages them. However, it offers much more than that.

Three Coverages of a Renters Policy

Renters’ insurance covers personal possessions and liability and may include additional living expenses. Let’s consider what each coverage type does.

Personal Property Coverage

The personal property component provides financial reimbursement if a peril named in the policy damages your belongings. A renters’ policy typically covers the same perils as a basic home policy. That means things like fire, vandalism, and wind damage. So, if a fire breaks out in your apartment complex and damages your stuff, your renters’ policy covers the cost of replacing it.

Liability Coverage

Your landlord’s insurance policy covers liability for accidents in the rented domicile’s front yard and public areas. Your renters’ policy covers your home. If a guest falls and incurs an injury, you incur liability. This part of your renters’ policy pays for the injured person’s medical care and any settlement stemming from their injury.

Additional Living Expenses

Sometimes, damage to an apartment or home temporarily precludes you from residing in it. A policyholder can use the additional living expenses coverage to pay for a hotel and food when the domicile has been damaged. Contact your insurance agent as soon as your home incurs damage to file your ALE claim.

Contact Cary-Wheeler & Associates Inc. Today

Most landlords require their tenants to carry a renters’ policy. If you’re about to start searching for a rental home in Richmond, VA, call or email Cary-Wheeler & Associates Inc. to obtain your renters’ insurance. It can help your application show that you already have the proper insurance.