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Beaverton, OR 97003

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Can I Get Renter’s Insurance for a High-End Building?

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If you’re living in a premium apartment complex in or close to Beaverton, OR, it’s reasonable to assert that you own many valuable belongings. Renter’s insurance effectively shields your valuable possessions from threats such as burglary, fire, severe weather, and more. Yet, conventional policies often fail to deliver sufficient protection. W.B. Adams Company is a trusted advisor who will guide you in selecting a policy tailored to your luxury apartment.

Mandatory Renter’s Insurance for Luxury Homes

The advantages of residing in a top-tier rental property are vast. High-end amenities plus guaranteed security are relatable examples. As for the latter, bypassing the renter’s insurance is easy. However, it’s becoming common for apartment complexes to enact a mandate for their occupants to secure renter’s insurance before moving into their property. The two significant classes of renter’s insurance are personal property and liability. In most cases, acquiring a renter’s insurance for a deluxe apartment isn’t significantly different from other apartment types. The principal concern should be the selection of your policy.

Going Beyond Standard Coverage Limits

When choosing your coverage, always ensure it adequately addresses your circumstances as a luxury apartment renter. This means comprehensive coverage for high-worth items such as jewelry, esteemed artworks, and state-of-the-art electronics. Protect your assets against perils like water damage, fire, theft, and natural disasters. Some luxury renters possess high-profile statuses warranting additional liability coverage. Other worthwhile coverages include identity theft protection and temporary living expenses if a disaster renders your unit uninhabitable.

Certain insurance firms focus on crafting policies for high-end rentals. W.B. Adams Company, dedicated to serving Beaverton, OR, possesses the expertise to guide luxury renters through multiple policies and options. We ensure that our clients subscribe to deserved coverage. Contact one of our friendly agents today to commence your policy.

Is Motorcycle Insurance a Requirement in All States?

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So, you’ve purchased a new motorcycle and are getting things to start riding your new bike. You’re likely very excited, but you must remember to ensure your safety while riding. Of course, ensuring your safety means wearing a helmet, keeping your bike in tip-top condition, and obtaining a good motorcycle insurance policy. You might wonder if motorcycle insurance is required in Beaverton, OR, and if it’s required in all states. 

Motorcycle Insurance is Not a Requirement in All States

Motorcycle insurance is not a requirement in all states, although it’s required in most states. States that don’t require this type of insurance are: 

  • Florida
  • New Hampshire
  • Washington
  • Montana

In these states, motorcycle insurance is optional. Even though motorcycle insurance isn’t required in these states, if you ride your motorcycle there and you’re ever involved in an accident, you may be asked to provide liability insurance. If you have none, you may have to pay for damages out of pocket, which could be pretty costly, depending on the situation. 

Motorcycle Insurance is Required in Oregon

Luckily, in Oregon, you will never have to contend with having an accident and not having insurance because motorcycle insurance is mandatory in this state. Having good quality motorcycle insurance can give you peace of mind that you will be covered if something happens and you end up injuring another person or damaging their property. If you need to find an affordable policy, it’s certainly possible, so do your homework before deciding on a company.

As you can see, motorcycle insurance is mandatory in Oregon. If you need an insurance agency, you might want to give us a call at W.B. Adams Company. At W.B. Adams Company, we provide all types of insurance and cover the Beaverton, OR, area. Call today for a quote. 

Understanding managed care

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These days, when you choose your health insurance, chances are it will be a form of managed care. Managed care is the most popular type of health insurance these days, and understanding the different types of managed care is vital to making an educated choice. At W.B. Adams Company in Beaverton, OR, we can provide the information you need to make the correct decision. 

Before understanding the types of managed care, it is important to understand how provider networks, drug formulary, and deductibles affect all types of health insurance. 

HMO 

The Health Maintenance Organization is the original type of managed care that resulted from the Health Maintenance Organization Act of 1973. It opened the door to a whole new wave of healthcare insurance. With an HMO, you must have a primary care doctor who manages your care. Our primary care doctor must be in the network, and if you need to go to a specialist, they will need to give you the necessary referral. Visits outside the network are not covered except in an extreme emergency. An HMO is the most restrictive type of managed care but also the most affordable. 

PPO

A Preferred Provider Organization is a much more flexible option. You will have a primary care physician, but you will not need them to refer you to a specialist, whether within or outside the network. You will pay less for a visit when you stay in the network, but you can visit anyone. 

POS

The Point of Service combines the best points of the other types of managed care. You don’t need a referral as long as you stay in the network. 

Contact our office at W.B. Adams Company in Beaverton, OR, when you need help choosing a healthcare provider or have questions about managed care. Give the office a call today.

What home insurance covers modular homes and mobile homes?

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W.B. Adams Company helps ensure every type of home in Beaverton, OR, whether you bought a duplex, single-family home, modular home, mobile home, or another type of home. Home insurance offers eight types of coverage, seven designed for homeowners. The form of insurance coverage depends on the type of home.

Modular Homes

People frequently confuse modular homes with mobile homes, but they’re very different and have specific forms of home insurance for each. The term modular home refers to any style of home constructed of four by eight feet framing sections built offsite, then transported to the building site and connected to the foundation. Any home constructed using this method qualifies as a modular home – a custom home, tract home, tiny house, log cabin, etc. Because modular building constructs a single-family domicile, a  modular home homeowner can purchase an HO-1, HO-2, or HO-3 policy. If they buy a historic home that was modularly built, then they can purchase an HO-8 policy.

Mobile Home Coverage

The term mobile home refers to a prefabricated home constructed of metal, typically aluminum or stainless steel. These pre-built homes require a slab foundation or low-height piers and pilings. Some states require ties that anchor the mobile home to the ground. The homeowner has the mobile home delivered to their building site in one, two, or three pieces, then assembled on-site. The home’s width determines the number of sections or pieces – single wides consist of a single piece. A double wide consists of two halves joined on site, while a triple wide consists of three pieces, two equal sides, and a center section joined together on site. An owner of a mobile home can only purchase an HO-7 policy specifically designed for mobile homes.

Cover Your Home with the Right Policy

Contact W.B. Adams Company today for the right coverage for your Beaverton, OR home. Let us help you choose the right coverage to protect your financial investment.

How Classic Car Insurance Differs From a Traditional Auto Policy

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Classic car insurance differs from auto insurance for cars not in that category. At W.B. Adams Company, we serve the Beaverton, OR community and thoroughly understand the differences in auto insurance policies.

Flexible Mileage

One difference between traditional auto and classic car insurance is that many policies offer flexible mileage provisions. The reason is that the total annual miles that classic car owners put on their vehicles are less than those of drivers with traditional auto policies.

Classic car drivers do not use their cars daily. Most of these owners also navigate the highways and byways with caution in order to safeguard the vehicles they cherish.

Agreed-Upon Value

A top reason to have car insurance, of course, is to protect the investment in the vehicle should it ever be stolen or totaled. Most classic car policies have agreed-upon value clauses rather than the actual cash value provision found in traditional auto insurance policies.

This means that if the classic car is ever stolen or deemed a total loss, the owner gets the value that’s agreed on as stated in the policy. In other words, the payout is an amount without a deduction for depreciation. With this coverage, car owners don’t have to be uncertain about what the insurance company will pay them.

Generally, to qualify for classic car insurance, an auto should be stored in a secure location, kept in good running condition, and not driven daily. This means that most policyholders should have a second car.

These are general guidelines, and there may be exceptions. In Beaverton, OR, we offer expert advice about classic car insurance. Contact an agent at W.B. Adams Company today.

Will renters insurance cover my damaged laptop?

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Our personal belongings are valuable to us. Fortunately, we have insurance we can invest in to protect our belongings. Homeowners can invest in homeowners insurance that not only protects their personal belongings but a variety of other things as well. As a renter, you value your personal belongings just as much as any homeowner would. Renters insurance, like homeowners’ insurance, is designed to protect your personal belongings. The W.B. Adams Company team is committed to helping Beaverton, OR renters understand the benefits of renters insurance. 

What is Renters Insurance?

Renter insurance is similar to homeowners insurance in providing coverage and protection for a renter’s personal items. This protection is designed to pay for the repair or replacement of personal items as long as the damage resulted from a covered circumstance, accident, or situation. Renters insurance even covers the belongings in your car if personal items are stolen from your vehicle and damaged. In short, renters insurance covers everything in your rented space except the walls, floors, and fixtures. It covers the items you move into or store in your home. Your rental space can include, but isn’t necessarily limited to, a house, condo, or apartment. For example, if you experience a sewer backup that damages your furniture and rugs, your items will be repaired or replaced. Also, if your items are damaged due to a fire, these items are covered as well. Many unexpected events can take place that would be covered by renters’ insurance. Renters insurance also provides liability coverage for renters. If your house guest is injured while at your property, renters insurance will pay for the medical care and bills. 

Will renters insurance cover my damaged laptop?

Maybe. If your laptop is damaged due to fire, sewer/plumbing backup, vandalism, or theft, renters insurance will pay for the repair or replacement. Other circumstances may make your laptop eligible for coverage as well. However, it should be noted that renters’ insurance covers damages that result from approved events, accidents, and situations. It’s not always easy to decipher what would be covered. However, speaking with an insurance agent can take the guesswork out of the questions. If you have questions about renters insurance, call us. We’re standing by. 

I Wrecked the Bike: Now What?

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So you never saw the curb until it was too late. Or maybe someone in a car wasn’t paying attention. Luckily, you were wearing your helmet and got out of this alive. Still, your bike is trashed, and you have medical bills to pay. If you have motorcycle insurance, this is where it’s supposed to pay off. So, how do you cash in on an insurance claim after a motorcycle accident?

What To Do After A Motorcycle Accident

First things first. See to your safety. Leave your motorcycle where it fell. Keep your gear on for now. Call emergency services. Stay calm and assess the situation. If you are not seriously injured, you can take out your phone and take video or still photos of the scene. If you cannot do this, you can ask a bystander to do it for you. The police will want a statement. Cooperate with them. Do not admit to any fault until you’ve had time to talk with your insurance company. Consider whether you will need legal support. 

The Aftermath

As soon as you are able, contact your insurance company and give them all the info you have about the accident. Call an attorney if you need one. Do not admit to any fault. See a doctor and follow their orders. Before agreeing to an insurance claim settlement, consider getting compensation for any lost wages, long-term impacts, or other expenses. Remember that once a settlement is finalized, it cannot be reopened. 

W.B. Adams Company Serving Beaverton, OR

If you are in the Beaverton, OR area, consider getting motorcycle insurance with W.B. Adams Company. We will treat you fairly and see that you get what’s coming. 

Questions to ask when choosing your health insurance

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One of your most significant decisions every year is choosing your health insurance. It’s a decision you must live with for a year, good or bad. Before choosing, there are some questions that you should ask. At W.B. Adams Company in Beaverton, OR, we are independent insurance agents who put the needs of our customers first. We are here to answer your questions and help to make sure you get the health insurance that is right for you. 

Is my doctor in the network?

Every carrier has a network of providers approved for the health insurance customers to use. If you have a primary care doctor or specialist that you prefer, it is wise to make sure they are included in the network of the insurance you are considering. 

How much is the deductible? 

Every health care insurance has a deductible that must be met before the policy begins to cover treatment. High deductibles are all the rage those days, but if the deductible is too high, it means almost nothing may be covered. 

What is the premium? 

Cost should not be the main criterion when choosing a health insurance policy, but obviously, you have to be able to afford whatever you choose. 

What type of managed care is it?

Managed care is what almost all types of health insurance are. Some types of managed care are more restrictive than others. HMO (Health Management Organization) is the most restrictive and requires that you get services within the network. PPO (Preferred Provider Organization) usually pays more if you get treatment within the network, and POS (Point of Service) lets you choose which type to use every time you need service. Making the right choice is important. 

Contact W.B. Adams Company in Beaverton, OR with all your health insurance needs; we can help.

Three Ways to Get the Right Auto Insurance for Your Needs

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Getting the best auto insurance for your needs is important. After all, you want to be sure you’re covered for any serious problems that could arise, and you want to know who to turn to if you need to make changes or if something goes wrong. Reaching out to W.B. Adams Company can help if you’re in the Beaverton, OR area and looking for the right auto policy.

Since all policies have some basics but have different additional options and choices, you want to focus on what you really need instead of just finding a policy with the basic, minimum coverage on it. Here are three of the best way to get the right auto insurance policy for your situation.

  1. Ensure you understand what kind of coverage is required by the state and your lienholder if you have one.
  2. Work with an agent to help you get the right policy designed to meet your needs and address specifics.
  3. Consider all the additional choices you can make regarding your policy, and look at the value each insurer offers.

If you let an agent help you, they can present options from multiple insurers. That’s a great way to see everything in one place and compare options from different companies. One may stand out as a much better deal, or they may all be comparable, but either way, you’ll know what works for you and which insurer is providing you with the most value.

When you want an auto insurance policy you can feel good about, for plenty of peace of mind, contact us at W.B. Adams Company. If you’re in the Beaverton, OR area, we’re here to help you find a policy that works for you.

Four things not to do when you need commercial insurance

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Purchasing commercial insurance is one of the best things you can do to ensure the continued success of your company. Business owners in Beaverton, OR can rely on us at W.B Adams Company for all their commercial insurance needs.

The following are four things not to do when you need commercial insurance. 

Neglecting to purchase a commercial insurance policy

Foregoing commercial insurance coverage is one of the worst things you can do. Not having any insurance coverage leaves you open to potentially costly risks, such as lawsuits against your company.

You should invest in commercial insurance even if your company is young and small.  

Overlooking types of commercial coverage that you need

Business owners need to know what different types of commercial insurance are available. There are many types of coverage, like liability, commercial property, commercial auto, business interruption, and errors and omissions coverage. 

You need to know what types of coverage there are so that you can get all the coverage your company needs to stay financially protected. 

Choosing a policy based on price alone

When you get policy quotes, don’t just purchase the least expensive policy. Before you choose a policy, evaluate the coverage you’re getting and the insurance provider’s reputation in addition to the quoted premium cost. 

Never updating your policy

Business owners should be aware of the fact that their insurance needs will change over time. You’ll need to ensure that you update your policy in the future as your company grows. 

If you want to learn more about commercial insurance, call us at W.B. Adams Company. We can give you a quote on a commercial insurance policy for your company in Beaverton, OR. 

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