Category: Insurance

Considerations for Boat Insurance Add-Ons

If you use your boat for storage or transportation of items, it may qualify for insurance add-ons. Similarly, if your watercraft is utilized for new activities, it may warrant an insurance upgrade. Here are some conditions warranting insurance add-on considerations.

Standard Insurance

Standard boat insurance usually offers liability, theft, and vandalism protection, providing useful coverage in common situations. However, it might not offer adequate security for unique scenarios. Before opting for add-ons to your boat insurance policy, go through your current insurance details, including all materials and equipment coverage.

Storage

Storing valuable items in your boat may significantly enhance your boat’s worth during active use. Electronics, furnishings, and other costly items should be included in your current boat insurance policy to cover the cost of repairing or replacing any stolen or damaged items.

Towing Equipment

Towing equipment can be a substantial investment. If your current insurance policy doesn’t cover your towing equipment, consider itemizing all crucial equipment you own. An add-on can provide the necessary protection for your towing apparatus.

New Activity

Engaging in a new activity with your watercraft may increase liability risks. Water skiing, for instance, could potentially lead to injuries. In anticipation of participating in a new activity, you may require extended insurance coverage.

Insurance Agent Advice

At Hart Insurance, our agents are dedicated to serving your needs. Please contact an agent serving Federal Way, WA, for advice on suitable boat insurance add-ons.

If you are a homeowner, you know you need insurance on your home and auto. Business owners will need liability, property, and workers’ compensation policies. Homeowners and business owners in Federal Way, WA, can contact Hart Insurance to answer any insurance questions. We’ve been working with home and commercial clients since 1967.

If you want additional coverage above and beyond the limits of your standard insurance policies, you can do so with umbrella insurance. The purpose of umbrella insurance is to provide extra coverage for amounts that exceed your policy limits. Homeowners with large estates, businesses with multiple buildings, or large fleets of vehicles can benefit from umbrella insurance. An experienced insurance agent can help you decide whether you need umbrella insurance.

The Origins of Umbrella Insurance

You may wonder about the origins of umbrella insurance. According to the International Risk Management Institute, the concept dates back to the late 1800s. The idea of umbrella insurance began after the 1880 passage of the Employer Liability Act. Despite adequate insurance coverage, businesses were concerned with their growing out-of-pocket expenses. Early versions of umbrella insurance have emerged and evolved since then.

Improvements and revisions to the original versions of umbrella insurance have continued. In the 1960s, these policies were first called “Umbrella insurance,” and they began to gain popularity with homeowners and corporate clients. The future promises to continue revising the concepts of umbrella insurance.

Call Hart Insurance for Umbrella Insurance Quotes Today!

You may not need umbrella insurance, but every person or company needs some insurance to protect your interests. Personal and commercial clients in the Federal Way, WA, area can talk to one of our experienced agents at Hart Insurance. Call us for an appointment today so you can be confident about all your insurance needs.

If you’re a pet owner, your pet may bring you a lot of happiness and companionship. At Hart Insurance, serving the greater Federal Way, WA region, we understand that pets are family members, and their health and well-being are a top priority. This is why pet insurance can be a valuable investment. Let’s explore the benefits of purchasing pet insurance and how it can help you provide the best care for your beloved pets.

Financial Protection Against Unexpected Costs

Veterinary appointments and treatments can be expensive, especially in the case of emergencies or chronic illnesses. Pet insurance helps mitigate these costs by covering a portion of your vet bills. If your pet gets sick or injured, you won’t have to choose between your finances and your pet’s health. Pet insurance can cover various expenses, from routine check-ups to major surgeries.

Access to Better Veterinary Care

With pet insurance, you can choose the best care for your pet without worrying as much about the cost. This can include access to specialists and advanced treatments that might otherwise be out of reach. By having insurance, you can make decisions based on the best interest of your pet’s health rather than financial constraints.

Investing in pet insurance is a proactive step toward ensuring your pet’s long-term health and happiness. At Hart Insurance, we are committed to helping pet owners in the greater Federal Way, WA region find the best insurance solutions for their furry friends. Contact us today to learn more about our pet insurance options and how they can benefit you and your pet. Let’s work together to keep your pets healthy and happy.

Did you know that in the United States it’s estimated that more than 15% of registered cars are collector’s cars? Each year, collector car sales are estimated to top $2 billion. It’s a big market, and as a result, collector’s car insurance is common. If you’re looking for collector car insurance policies in Federal Way, WA, contact Hart Insurance. Let’s examine why the right insurance policies could prove crucial for protecting collectors and their financial well-being.

Collector’s Cars Are an Investment Worth Protecting

There’s an old saying that when you drive a car off the dealer’s lot, it loses value. This is often true. Once a vehicle is “used,” potential buyers will typically see it as worth less than a brand-new version of the same make and model (assuming similar features). Several years later, most cars will be worth even less.

Over time, however, more and more cars will be sent to the junkyard. The supply of a particular model, say a 1970 Ford Mustang or 1985 Chevy Corvette, will generally shrink. The cars will become less common, and according to basic economics, shrinking supply often correlates with rising prices.

This is especially true for desirable cars. The demand for a 1995 Honda Civic might not be especially high as it was a common commuter car. However, a 1990 Chevy Corvette will be sought out because it’s a famous car built for performance.

All of the above is important because it leads to collector cars enjoying rising prices and high overall value. For this reason, collectors should protect their investments with an appropriate insurance plan. Want to set up collector car insurance policies in Federal Way, WA? Contact Hart Insurance.

Maximizing Protection for Your RV with Smart Insurance Choices

Owning an RV in Federal Way, WA necessitates solid insurance coverage to protect your vehicle and prevent long-term financial considerations should damage occur. At Hart Insurance, our team can guide you in selecting appropriate insurance coverage and share valuable tips and hacks.

Join a Camping Club for Mutual Benefits

Considering a camping club membership can provide you with numerous advantages, including beneficial insurance options. Additionally, they can assist you in finding a superior policy that fully covers your needs. Regardless of your requirements, joining a camping club is a savvy move for all RV owners.

Avail of Replacement Value Protection

Over time, your RV will naturally depreciate, resulting in lower insurance payouts during accidents or damage that necessitate replacement. Opting for replacement value protection, however, ensures that you receive the full cost of replacing your RV rather than its current worth, a significant advantage.

Pay Attention to Coverage Scope

It is important to assess what your insurance policy provides instead of merely focusing on the cost factors alone. For instance, while additional coverage for canopies may initially appear attractive, it might be unnecessary if your current insurance already covers them. The key is reasonable spending, not overindulgence.

Consider Full-Timer Protection

If you plan to spend significant time in your RV, say 3-6 months or more, opting for full-timer protection is advisable. This unique insurance treats your RV as your home, providing extra coverage tailored to your specific needs.

How Hart Insurance Can Assist You

Whether you reside in or around Federal Way, WA, the team at Hart Insurance is eager to serve you. With our extensive experience, we’re well-equipped to guide you through your insurance options. Don’t hesitate to contact our team with any inquiries, and we’ll do everything we can to streamline the process for you.

When you are in the Federal Way, WA area, it will continue to be very important that you carefully manage your personal liability risks. A great way to do this is with a proper insurance policy. If you want to manage your unique risks properly, umbrella insurance needs to be part of your insurance plan. There are various ways someone can benefit when they get this coverage. 

Protect Financial Assets

One of the ways you will benefit from having an umbrella insurance policy is that you will be able to protect your financial assets. If you have personal assets, including cash, stocks, or other investments, there is a chance you could lose them if you are found liable for an accident and need to pay damages. With an umbrella insurance policy, you will know that all your assets are protected, as you will have financial support in these situations. 

Prepare for Unexpected

Ultimately, having an umbrella insurance plan is a good option as it can help ensure you are prepared for the unexpected. If you are involved in any major accident and are held responsible, you will need to cover damages. An umbrella insurance plan offers some blanket coverage against these and other personal liability risks. This can ensure you are supported in such situations. 

Getting umbrella coverage is always a good idea for someone in the Federal Way, WA, area. When looking for this insurance here, you should call our team of professionals with Hart Insurance. Our Hart Insurance team will ensure you understand your personal liability risks. This can be a great first step in building an umbrella plan to meet all your coverage needs. 

Vintage and rare vehicles are not merely modes of transportation; they are timeless pieces of history and artistry on wheels. These unique automobiles often possess intrinsic value, commanding admiration for their design, craftsmanship, and historical significance. In and around the Federal Way, WA area, classic car owners enjoy their hobbies and take classic car insurance seriously to protect their investments. 

Unique Risks, Unique Solutions

Unlike conventional vehicles, vintage and rare cars demand specialized insurance coverage. Their rarity and often higher market value require insurance policies that address the unique risks associated with ownership. Standard auto insurance may fall short of protecting these automotive artifacts.

Agreed Value Policies

Specialized coverage often includes "agreed value" policies. Unlike standard policies that depreciate the vehicle’s value over time, agreed value policies establish a predetermined amount to be paid in the event of a covered loss. This ensures that the owner receives fair compensation reflective of the vehicle’s appraised value.

Protecting the Journey of Restoration

Vintage car enthusiasts often invest considerable time and resources in restoring these vehicles to their former glory. Specialized insurance recognizes this dedication by offering restoration coverage. This protects the owner against potential losses during restoration, including damage to original parts or craftsmanship.

Preserving Pristine Conditions

Vintage and rare vehicles are not daily drivers but cherished possessions often driven on special occasions. Specialized coverage understands this and may offer policies based on limited mileage. This reflects the lower risk associated with fewer miles and acknowledges the owner’s commitment to preserving the vehicle’s pristine condition. The premiums are not as high since the risk is lower due to less driving time. 

How Hart Insurance Can Help You

At Hart Insurance, we can help answer questions concerning classic car insurance. We serve the Federal Way, WA area. Contact us today.