Category: Home Insurance

Getting home insurance is a typical part of home ownership. Home insurance can pay to repair your home if a covered event occurs.

Whether you’re in the middle of buying a house or if you’ve owned your home for years, it’s essential to consider why home insurance is necessary and whether it’s the type of insurance you want to own. At W.B. Adams Company, servicing Beaverton, OR, we can help you determine whether home insurance is the correct type of insurance for you. 

1. Home Insurance Is Required If You’re Getting a Home Loan

If you have a home loan, your mortgage lender will require you to get a home insurance policy. This protects your lender’s investment and helps ensure that the home will be repaired if something goes wrong.

If you’re buying a home, you’ll be required to prove you have insurance before the loan will be funded. If you stop paying for coverage while you still have a home loan, your lender will force you to purchase their home insurance policy. 

2. Home Insurance Provides Peace of Mind

Home insurance provides homeowners with peace of mind. Knowing that your insurance company will help pay for repairs when covered events occur is reassuring. 

3. Shopping Around Can Give You the Best Deal

Home insurance can be very affordable. When you get a home insurance policy from W.B. Adams Company servicing Beaverton, OR, we can help you get the best deal because we work with various carriers. We can shop around for the best insurance product for your budget and needs. 

Have questions? Want home insurance? Call today to make an appointment. 

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.

A home inventory sheet is a document you create to help determine how much homeowners insurance you need. In addition, it can be useful to have on hand in the event of a covered peril when you need to make a claim, as you can refer back to it. It’s not required by law for Beaverton, OR homeowners to insure their homes, though a lender will usually compel you to. 

Home Inventory Sheet: What You Need To Know

At its most basic, your home inventory sheet is a list of everything you own. Though this process can seem tedious or overwhelming, the key is to go slowly while consistently gathering your details.

There are sites you can use online, apps on your phone, or you can use a spreadsheet. You can also choose to do this just with a pen and some paper. Your W.B. Adams Company agent can give you more guidance if you need specifics. 

Homeowners can start with their most valuable assets and work their way down. This is so that the things that matter most will be recorded, as this procedure is often one people often don’t complete. 

You can use video to catalog your items, and this is beneficial because you can display possessions from different angles. This also demonstrates their condition from a particular date so that you can contrast this with damage that occurs later on.

Be sure to store receipts but also take pictures of them, as the ink tends to degrade over time. Keep serial numbers, make, and model information on hand as well. 

W.B. Adams Company Can Help

We serve homeowners living in and around Beaverton, OR, and can assist with your insurance needs by putting together a package just for you. Call us or stop by our office to get more information today. 

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.

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.

Nothing beats the coziness of your own home. And if you are like most people, it’s probably your most valuable investment. But have you done enough to protect it? There is more to just locking the doors. Home insurance is ideal for securing your home.

Are you a homeowner and haven’t thought much about home insurance? Well, keep reading the article. You will be excited to call us at W.B. Adams Company in Beaverton, OR, for your home insurance. Here are the top benefits a home insurance policy can offer.

Protects your main dwelling

The primary purpose of home insurance is to protect where you live, which is your principal dwelling. Imagine losing your entire home to fire, for example. How much, and how long would it cost you to rebuild another one? That’s why home insurance is essential as it covers minor, significant damages and even rebuilding in case of a total loss. 

Liability coverage

If someone got injured on your premises, it could cost you thousands of dollars in medical bills and perhaps lawsuits if you got sued. However, home insurance pays for the medical bills and the expensive lawsuits up to your coverage limit. 

Protects your home’s contents

Besides covering your principal dwelling, the insurance covers your assets, like electronics, furniture, and clothing, from perils like fire, theft, and many more. 

Loss of use compensation

If you are forced out of your home while it’s undergoing repairs due to a covered event, the policy can put you in a hotel or temporary living place and cover your expenses. 

Protects your detached structures

Imagine a policy securing your garage, fences, pets’ house, sheds, or whatever structure you have on your premises. Intriguing, right? Well, that’s what home insurance can do, but at an additional premium. 

Home insurance in Beaverton, OR

If you haven’t thought about home insurance, the above benefits are enough to make you consider purchasing one. Are you in Beaverton, OR looking for home insurance? Look no further than W.B. Adams Company. Call us today for an affordable quote.

Home insurance is an important product for homeowners to have. It would help if you chose the right policy to protect the value of your home. At W.B. Adams Company, we offer home insurance policies to homeowners in Beaverton, OR.

The following are three things you should do before you purchase a home insurance policy in Oregon.

Calculate your coverage needs

Homeowners need different coverage amounts depending on factors like the value of their home and their total assets.

You want to have enough coverage to cover the total value of your home in the event of a severe accident that destroys your property. You also need to protect your assets in the event of a liability lawsuit related to your home. 

Get quotes from at least three different providers.

You definitely don’t want to look into home insurance from only one provider. It’s important to get quotes from a few different providers so that you can compare them.

When you compare quotes from various providers, you can select the one that offers the best value. Shopping around is essential when you purchase any product. Remember that home insurance is no different. 

Factor your premium into your budget

Your home insurance premium is an ongoing expense that you need to pay every month. Making a late payment can leave you subject to expensive fees. Completely missing your payment could void your policy, leaving you susceptible to severe financial losses in the event of an accident.

The best thing to do is escrow your insurance payment with your mortgage to be sure that you won’t miss a payment. 

Get in touch with us today at W.B. Adams Company to learn more about home insurance shopping. We’re here to assist Beaverton, OR homeowners with all their insurance needs.

You may think that subletting your home is a good way to make money when you are out of town. Most standard home insurance plans, however, do not cover short-term rentals. It is important to make certain that you have the right indemnity policy before handing over the keys of your Beaverton, OR home for the next few weeks. The agents at W.B. Adams Company can help you find the right plan. 

What counts as subletting?

Some homeowners consider traditional means of subletting, which include soliciting complete strangers to live in their homes while they are away on vacation or business, as the only means of short-term renting. There are other means of subletting, though, which may not appear as short-term rental agreements at first glance. 

Renting a room in your home is technically subletting since the individual is paying to use space at your residence. Airbnb rentals are also sublet agreements. 

The problem with subletting while uninsured

Some homeowners take the risk of entering short-term rental agreements while lacking proper insurance to do so. The consequences of such actions can be detrimental if the renter’s property is damaged on your property or if he is injured while at your residence. 

Most home insurance providers will not pay for damages and injuries sustained by the renter if you have a standard policy. Some indemnity companies may even view you as a higher risk because of the short-term rental agreement and move to terminate your policy altogether. 

What type of insurance do you need to sublet in Oregon?

Vacation rental insurance is ideal when you want to sublet your home in any capacity. You may even want to consider tenant insurance if you enter short-term agreements on a continuous basis. 

The agents at W.B. Adams Company in Beaverton, OR can help you find the sublet insurance solution to fit your needs. Call us today to get started with a quote on home insurance!