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If you don’t have a homeowner’s policy, then you better have Renters’ Insurance!

May 16, 2023

Purses are expensive Renters’ insurance typically provides coverage for theft, which means it can help protect your personal belongings if they are stolen from your rented property or temporary situations such as your automobile.. They are surprisingly affordable and as an independent insurance agency, WenatcheeInsurance has several companies to choose from. Here's how renters’ insurance generally covers theft: Personal Property Coverage: Renters' insurance includes coverage for your personal belongings, such as furniture, electronics, purses, and other possessions. If these items are stolen due to a covered event, like a burglary or theft, your insurance policy can help reimburse you for their value. The coverage typically extends to theft that occurs both inside your rented unit and outside, such as if your belongings are stolen from your car. Actual Cash Value (ACV) vs. Replacement Cost Value (RCV): When filing a theft claim, the insurance company may either reimb

How does bundling effect the price of my insurance.

May 08, 2023

Progressive Insurance offered a look last fall at whom they are targeting with their advertising dollars. They called them the “Robinsons”. As an independent insurance agency, we keep an eye out for changes in the marketplace to see how we can improve our products in our community. The Robinsons are a segment of the marketplace that includes households who own a home and car and place the insurance with the same insurer as a bundle. They represent the ideal customer for the big insurance company. They have the highest retention of 53% and the longest retention with 45% having been with their insurance provider 11 years or more. These are the customers that are highly sought after by big insurance companies and see some (but not all) discounts. Robinsons are important to big insurance. There are a couple of force s that are driving this ideal group to shop: 1. Record high numbers of serious collisions. 2. Skyrocketing used vehicle valuations with inflated repair costs. 3. In

What is a critical insurance coverage for a non-profit and their board?

May 02, 2023

Matt worked with his first non-profit when he was fifteen. (We do so much volunteer work that we are debating moving fully to a special benefit corporation). Volunteer work holds an important place in our hearts. One of the simple rules is if it is important then insure it. One mishap and a nonprofit can lose years of progress from that lapse of judgment. Right after your articles of incorporation, the next document that your board should have is your insurance policy. Non-profit board liability insurance, also known as directors and officers (D&O) insurance, typically covers legal fees and damages arising from lawsuits against the non-profit organization's board members and officers for alleged wrongful acts or omissions committed in their roles as leaders of the organization. Specifically, D&O insurance may cover the following: 1. 1. Legal defense costs : This includes attorney fees, court costs, and other expenses associated with defending against cla

How to get cheap insurance for my teen driver?

May 01, 2023

Getting cheap insurance for a teenage driver can be tricky, as younger drivers are considered higher risk by insurance companies. Seriously, we have a high school driver in our household and from driver’s education, the new rules through getting the new insurance increase, the experience is while. However, there are a few steps you can take to try and lower your premiums: Shop around: Different insurance companies offer different rates, so it's important to compare quotes from multiple insurance companies before deciding. We brought our policies in-house and shopped at six different companies at Wenatchee Insurance . Our household’s insurance was with a single company. We knew we needed more shopping power without going to half a dozen different agencies. Shop Wenatchee Insurance 's exchange. Consider adding your teen driver to your existing policy depending on the company. Some companies are set up better for older drivers. Yes, you want all the household’s dri

How much does one time event insurance cost?

April 25, 2023

Pop Up Events are awesome! We have some great pop up events in Central Washington. We have festivals like Apple Blossom , Wenatchee and Chelan Pride . We have Farmers' Markets . We have weddings. At Wenatchee Insurance we are seeing more questions about Event Insurance. We have multiple companies that we work with because we are an independent agency. It's why we have a basic form to start a quote! Event Insurance is important because it protects the folks that are running the events and the venue that is hosting the event. The cost of event insurance can vary depending on several factors, including the type of activity, the level of risk from similar events in the past, and the coverage limits required by the venue. A 250-person wedding with an open bar will have a completely different rate than a 70-person attendance book reading. A bouncy house will have a different rate than BBQ. Generally, event insurance is designed to be affordable and accessible to businesses of

The Basics of Home Insurance - Dwelling Value

April 24, 2023

When we discuss homeowners’ insurance with homes in North Central Washington, we always start with the same first step. People ask us about all sorts of things, but the independent insurance agents at Wenatchee Insurance start from the bottom, which is the dwelling coverage amount. Without that estimated amount required to rebuild your Wenatchee home in the event of a total loss, you really don't have a home insurance policy. Can you rebuild your home after a total loss? The discussion around that number is always is it enough or is it too much. People love to haggle over this number. It’s a three bears situation, not too high, not too low, and just right. We want to hit that just right number. Let's see what goes into this number and if you have enough to rebuild! How Is the Estimate Determined? The first step to determining the dwelling amount is to look at the square footage and year that your home was built. This establishes a size, or amount of construction needed whil