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Common Misconceptions About Home Insurance You Should Know

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With many myths about home insurance out there, they can get you flat-footed if you are not careful. And there is nothing as frustrating as buying home insurance based on misconceptions. It can be ugly when an unfortunate event occurs, and you are told it’s not or inadequately covered.

Knowing what you are signing when insuring such a massive investment as your Beaverton, OR home is crucial. We at W.B. Adams Company are here to help homeowners buy home insurance policies based on facts, not misconceptions. To help with that, we shall demystify the common misconceptions about home insurance. 

Common Misconceptions About Home Insurance You Should Know

Home insurance covers the market value of your home

The market value is the amount you would get if you sold your home, which includes the cost of your home and the land. However, your home insurance policy only covers the cost of replacing your home and excludes the cost of the land.

Your home insurance covers flood damage

Your standard home insurance does not cover flood damage. You will have to buy flood insurance as a separate policy.

Your home insurance covers all damages

Your home insurance protects your home against several risks like vandalism, theft, or fire, but it doesn’t cover all damage. Your standard home insurance excludes damage from normal wear and tear, acts of war, earthquakes, pest infestation, and mold.

Home insurance covers all your valuables

While your home insurance covers valuables like electronics, furniture, clothing, and other assets, high-value items like jewelry, art, and cash are not fully protected. For optimal protection, please check with your insurer.

Home insurance pays for your bodily injuries

Home insurance has bodily coverage but only covers your guests who get injured on your premises. The policy does not protect your family members or yourself in case of physical injuries.

Home insurance in Beaverton, OR

It is wrong to assume that your home insurance will cover every damage in your home. Please read through your policy well and talk to your agent for clarification. If you live in Beaverton, OR and its surroundings, kindly speak to us at W.B. Adams Company for all your home insurance solutions.

Why Do You Need Special Insurance For Your Classic Car?

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You are probably very proud if you have a classic car. You may even take it to shows and other events in order to show it off. That being said, it is important that you have the right insurance and coverage for your classic car. Your regular automobile insurance may not be enough, and W.B. Adams Company in Beaverton, OR gives you a guide as to why. 

Why Do You Need Special Insurance For Your Classic Car?

Both auto insurance and classic car insurance have similar policies. This means that they will cover liability, collision, comprehensive, and even property damage. 

However, if you have a classic car, you need to make sure that you know how much it is worth. While regular automobile insurance covers the car’s actual cash value, classic cars are often worth more money. For this reason, when you get classic car insurance, you get to decide how much your car is really worth. If it goes up over time, you can change your coverage limit. 

It will also pay for special repairs that are needed. When classic cars are damaged and need to be fixed or restored, you might not always be able to find the parts for them. The parts you find may cost you a little more, plus you may end up doing more restoration work just to get it to look like it did before. Regular automobile insurance won’t cover all of these extra expenses. 

For this reason, you need to get the best insurance that you can afford. If you have a classic car and want to make sure that it is fully protected, you need to contact us today at W.B. Adams Company in Beaverton, OR. 

5 Myths about Renters Insurance

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Are you renting your home? If so, you need renters insurance. Despite what some people may believe, renters insurance is not just for certain people. It’s vital protection for anyone who rents their home. Here are five myths about renters insurance and the truth behind them.

Myth #1: My Landlord Has Insurance

If you rent, your landlord is responsible for insuring the home’s structural elements only, not your personal belongings. That’s why it’s so important for renters to have their own insurance plan in place to protect themselves against everything from a stolen laptop to a fire or flood.

Myth #2: Renters’ Insurance Is Too Expensive

While renters insurance may seem like an added expense, it’s very affordable and worth the cost when you consider how much it will protect your belongings in case of a catastrophe. Check out our Renters Insurance Price Calculator to get an idea of the average cost.

Myth #3: I’m Single, So I Don’t Need It

Just because you live alone doesn’t mean you don’t need renters insurance. One big reason people give for not buying renters insurance is that they don’t have a lot of valuable possessions. While it may seem like you have less to protect, you never know when disaster will strike.

Myth #4: Renters Insurance Only Covers Theft

Many people think that’s all renters insurance covers, but it provides coverage for much more. For instance, if your apartment is damaged by a fire or is vandalized, renters insurance will cover damage to your personal property within the rental unit. It also gives you liability protection if someone gets injured on your property and sues you.

Myth #5: I’m Only Going to Be in This Place for a Year

It doesn’t matter how long you’re staying. Renters’ insurance is important. Several things could happen, including theft, fire damage, or something unexpected like a water pipe breaking. Renters’ insurance is always helpful, so you don’t have to worry about what could happen if disaster strikes.

Even if you’re only renting your home temporarily, it’s best to protect yourself through renters insurance. At W.B. Adams Company in Beaverton, OR, we’re here to help you choose the right renter’s insurance plan for your needs. Call us today for more information.

What Are The Types Of Motorcycle Insurance?

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Different motorcycles and riders have different insurance coverage needs. Maybe you have invested time and money in a vintage Harley Davidson, or you are just starting out with your new motorcycle license.

Whether you are interested in more coverage for your investment or medical coverage in case of an accident, you need to know the types of coverage to include in your motorcycle insurance policy in Beaverton, OR. The agents at W.B. Adams Company are available to help all riders make the most informed decisions on their motorcycle insurance options.

Available Motorcycle Insurance Coverage

When compared to the other vehicles on the road, motorcycles are subject to unique risks. In general, they are considered to be more dangerous because the driver is exposed on top of the vehicle instead of encased in a safe space complete with airbags. Failing to wear the recommended riding attire only adds to the danger.

If the motorcycle is involved in an accident with another vehicle, it will often sustain the most damage and injuries. For this reason, there are specific insurance coverage options designed to protect riders, such as:

  • Comprehensive coverage against theft, fire, vandalism, hail, wind, and other conditions
  • Collision coverage if the bike hits an object or another vehicle while riding
  • Liability in case the rider causes property damage or bodily injury to another party
  • Uninsured/underinsured motorist coverage in case you are involved in an accident with a motorist who does not carry enough insurance to cover damages and injuries
  • Passenger liability in case someone riding on the bike with you is injured in an accident
  • Customized parts coverage for items added to your bike
  • Roadside assistance in case of a breakdown and your bike needs to be transported
  • Trip interruption coverage if you are in an accident more than 100 miles from your home in Beaverton OR
  • Transport trailer coverage for certain trailers

If you need help deciding which coverage options are right for you and your bike, contact the experienced agents at W.B. Adams Company. Give us a call today.

Can You Get in Legal Trouble if You Don’t Have Home Insurance?

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W.B. Adams Company understands that some people may get in challenging financial situations and struggle to pay their home insurance in Beaverton, OR. But if your policy gets canceled, or you somehow don’t have home insurance, what legal ramifications may result?

How You May Lose Home Insurance 

It is impossible to buy a home without getting a home insurance policy. However, there are situations in which you could lose your coverage. For example, your insurance company may cancel your insurance if you miss too many payments, get an inadequate inspection, or do anything illegal in your home. 

When you lose insurance, you’re in a very tough spot. Anything that now happens in your home is not covered. So you’re essentially left in a very fraught legal situation that could impact you in many ways. So here’s what you need to understand about this situation. 

What Could Happen Without a Policy 

When you have a home without insurance, you’re likely to suffer from many potential legal troubles, including how:

  • Injuries could result in lawsuits you have to pay 
  • Damage to the home will not get covered 
  • Home destruction won’t get repaid
  • Fines and penalties from legal authorities
  • Your mortgage holder may try to claim your house 

These issues make it vitally important to keep your home insurance up to date. If you’re having trouble making payments, talk to your provider, don’t just ignore fees. Most are willing to work with you to keep your home protected.

Keep Yourself Protected

Prevent these legal troubles by contacting us today at W.B. Adams Company. We serve the Beaverton, OR, area and will provide you with home insurance that meets your needs. We’ll work with you to ensure that it doesn’t lapse on you.

Is classic car insurance a necessity?

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Are you a Beaverton, OR resident possessing a classic, custom, collectible or antique car? If so, it’s important to get specialized insurance that reflects your vehicle’s uniqueness and its worth, because ordinary auto insurance isn’t adequate in safeguarding such a car against impending calamities. Classic cars warrant exemplary care because they are worthy of investment and thereby must be accorded magnificent protection. Purchasing classic car insurance in Beaverton, OR is a prudent move because it’s different from ordinary auto insurance as it’s purely based on the actual collectible value of your car. Repairing and replacing your antique, collector, or classic car can be very expensive; therefore, you need a sufficient amount of classic car insurance to cater for repairs when you need them. Please call or visit us at W.B. Adams Company and get more detailed information about classic car insurance. Keep reading to understand the versatile benefits of classic car insurance.

Protect your classic car

One of the prime reasons for purchasing classic car insurance is that it can assist in preserving the overall value of your precious car. When you buy classic car insurance from W.B. Adams Company, you enter into an agreed-upon replacement value of the vehicle, different from other standard car insurance policies. Investing in classic car insurance allows you to safeguard the unique significance attached to your classic car.

Liability coverage

Similar to ordinary cars, auto accidents can occur while driving a classic vehicle, attracting expensive aftermath expenses. Liability coverage pays for costs emanating from bodily injuries and damage to property when you cause an accident with your classic car with third parties salvaging you from paying out-of-pocket.

Provides special towing and spare parts coverage(Roadside assistance)

Have you ever imagined what could happen when your classic car breaks down or requires expensive spare parts? Both coverages for towing and spare parts are proportional to the unique demands of your classic car. Towing coverage is responsible for transporting a classic car in emergencies when experiencing a breakdown. In contrast, spare parts coverage replaces valuable or perhaps hard to scout vehicle components like engine parts, wheels and transmissions.

Are you a classic car enthusiast residing in Beaverton, OR? Classic insurance is associated with some complexity; therefore, it requires a team conversant with how this type of insurance works. Don’t hesitate to contact our agents at W.B. Adams Company to get specialized classic car insurance that meets your needs.

What does my renters insurance cover?

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If you rent an apartment, dorm, or home, you need to seriously consider renters insurance to protect your space and belongings. Generally, your landlord carries insurance for the building you’re living in but not your personal space and belongings. Some landlords in Beaverton, OR may require you to have renters insurance to rent their property.

At W.B. Adams Company, we recommend having renters insurance to protect your property from certain natural disasters, water backup damage, bodily injuries, and theft. Here is what renters insurance covers.

Contents of your home

Your personal property is what belongs to you in that building. Your renters’ insurance focuses on covering your furniture, electronics, clothes, appliances, and other personal belongings from perils, fires, and theft. The policy helps repair or replace items based on the level of damage.

Personal liability

You are held liable for any injuries or actions that lead to damage to other people’s properties. For instance, if someone gets injured while at your home and decides to sue you, renters insurance may help cover the cost of your legal defense.

Medical payments to others

Medical payment generally covers other people who get injured in your Beaverton OR home. The policy helps pay their medical bills. Note that you and your family members are not covered. If you get hurt, you may need to pay your own medical bills.

Credit card 

Suppose someone uses your credit card to withdraw or pay for things you did not authorize. In that case, renters insurance may help pay you back the money up to the agreed limit.  This coverage also applies to forged checks and counterfeit money.

Loss of use

Provides compensation when your living space is rendered unlivable. The policy pays for your temporary living expenses and other additional living expenses related to the new living arrangement. 

Filing a claim is often a long process, but if you understand your coverages, you are in a better position to file a claim successfully and accelerate the process. To learn more about renters insurance coverage, contact W.B. Adams Company today.

Do Motorcyclists Need Uninsured Motorist Coverage?

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Motorcyclists know that driving without insurance is dangerous, but what many do not know is that there are a variety of add-ons to an insurance policy that can provide more assurance of security. For instance, you may wonder if uninsured motorist coverage is a good addition to your current motorcycle insurance policy.

W.B. Adams Company, which serves Beaverton, OR, can help you determine if you should consider uninsured motorist coverage. In the meantime, here’s what you need to know about it.

Oregon Insurance Requirements

Before you consider uninsured motorist coverage, you need to know the requirements in your state. Oregon does not require uninsured motorist coverage, but motorcyclists are required to have insurance to cover liability. Liability coverage comes into play if you are determined to be the responsible party in an accident. Your liability coverage may provide for property damage and medical bills for others involved.

Uninsured Motorist Coverage Is a Smart Investment

So, what happens if the other driver does not have insurance and they are responsible for the accident? That’s when uninsured motorist coverage kicks in. This coverage helps cover your insurance costs when you are left with nobody to hold responsible.

If you do not have coverage for uninsured motorists, you could be left to cover the expenses on your own. This can become expensive, and it’s a risk many drivers do not want to take. Motorcyclists are at higher risk for injuries than other drivers, which gives you all the more reason to consider adding this coverage to your policy.

Find the Right Motorcycle Coverage for You

W.B. Adams Company can help you find the right coverage for your motorcycle. If you live in Beaverton, OR, check out our website to learn more about your policy options.

Oregon Health Insurance: How to Choose Good Short-Term Plans If You Need It

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When you are looking for health insurance in Beaverton OR, it can be easy to feel overwhelmed and take the first thing that sounds right. It doesn’t have to be that way though. The Department of Health and Human Services now provides for short-term health insurance plans to last longer than their original 30 days. You can now get short-term health insurance that lasts for up to 364 days.

At W. B. Adams Company, we want Beaverton, OR residents to be covered for every potential health hazard, including financial risk. We can help you choose the best short-term plan for your needs, and know what you should look for.

Good Reputations

You want your health insurance provider to have a good reputation. Work with one that is connected to a network of health care professionals with a good history. 

You are more likely to find health care discounts here as well. In this case, size matters. The larger the provider, the better your service.

Flexible Coverage

When you are working with short-term health care, you want coverage with deductibles and choices in your coverage lengths and limits. A good deductible will mean that you pay less out of pocket every month.

You are also looking at short-term coverage. You want a plan that will allow you to get out when you have found the more permanent coverage you are looking for. Choose a plan that won’t leave you with a hefty penalty if you have to opt out of it.

Keep your Doctor

When you are changing health care providers, losing your doctor is a significant concern for anybody. Change to a short-term provider that will let you keep your doctor.

Get a Quote

When you are looking for short-term health insurance in Beaverton, OR, W.B. Adams Company can help you to get the coverage that you need. Call us today for a quote.

When Is The Best Time to Shop For New Auto Insurance?

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In most states auto insurance is required by law in order to operate your vehicle. This makes choosing your auto insurance especially important. Here at W.B. Adams Company, serving Beaverton, OR, we want to make sure you are always getting the best auto insurance rates. Understanding when to shop for new auto insurance is important to always get the best deal. Let’s look at the best times to shop for new auto coverage. 

Buying a New Car

Many people shop around for better rates when they are buying a new car. Purchasing a new vehicle is a great time to do this because you will need insurance in place in order to complete your purchase if you are buying from a car dealership in most cases. 

Getting Married

When you get married it is a great idea to consider combining insurance policies. Shop around in order to find the best deals. Most auto insurance companies will also offer discounts for married couples. This can help to save money on your new combined budget. 

Teens Driving

If you have teenage children, you will need to add them to your insurance policy when they come of age for driving. This is a crucial time and you will want to make sure that you have the best rates for your auto policy. Ask about good student discounts or discounts for students who opt for taking defensive driving courses. 

Getting Older

As you get older you will discover that there are better auto insurance rates available to you. Check around with different providers to see who has the best deal for your age group. 

If you would like to learn more about our insurance products or services, please contact us at W.B. Adams Company, serving Beaverton, OR. 

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