Property Insurance

Protect Yourself

Landlord Protection and liability insurance options protect you and your spouse or domestic partner against personal injury, wrongful eviction, or wrongful entry, as well as other non-bodily injury claims such as libel and slander.

Extra Coverage Doesn’t Have to Cost a Lot

Many landlords supplement their coverage with personal umbrella liability insurance for broader protection. Talk to us today about the amount of coverage that’s right for you.

Flood insurance protects two types of insurable property: building and contents. The first covers your building; the latter covers your possessions; neither covers the land they occupy.

The two most common reimbursement methods for flood claims are Replacement Cost Value (RCV) and Actual Cash Value (ACV). The RCV is the cost to replace damaged property. It is reimbursable to owners of single-family, primary residences insured to within 80% of the building replacement cost.

All other buildings and personal property (i.e., contents) are valued at ACV. The ACV is the RCV at the time of loss minus physical depreciation. Personal property is always valued using the ACV.

What Does Earthquake Insurance Cover?

Earthquake insurance provides coverage if your home is damaged by an earthquake. Standard homeowner and renters policies will not cover earthquake damage. Earthquake insurance is a separate endorsement you must buy and add to your homeowner's or renter's policy.

An earthquake endorsement generally excludes damages or losses from floods and tidal waves – even when caused or compounded by an earthquake. However, if you experience a loss due to a landslide, settlement, mudflow, or the rising, sinking, and contracting of the earth, your endorsement may cover it if the damage results from an earthquake.

There are several options to consider when purchasing earthquake insurance, including:

• Does the policy cover only your home? Are other structures, such as garages, also included?
• Will your policy pay for the contents of your home and for additional living expenses if your home is badly damaged or destroyed?
• Are there any exclusions or limitations to coverage?
• What deductible must you pay before the insurance kicks in?

Earthquakes Can Happen in Washington – Here's how You Can Protect Yourself

• Make sure your water heater, gas appliances, and other fixtures are fastened securely.
• Check that bookcases and furniture are secure and fastened to walls.
• Have a family emergency plan that all family members know. Designate a meeting place outside the home where family members can gather once the danger has passed.
• Designate a distant relative or friend who can serve as a point of contact and communication for you and your family members if you get separated.
• Plan ahead. Keep flashlights, batteries, and candles on hand. Have a portable radio.
• Be sure everyone in your house knows how to turn off utilities (electricity, water, and gas).
• When shopping for earthquake insurance, ask the company to help you identify possible repairs and other improvements that will make your home safer and minimize damage.

Washington – What’s Peace of Mind Worth to You?

An umbrella policy provides additional layers of liability protection. If the liability limits are exhausted on your home, auto, or other underlying insurance policy, your umbrella insurance policy takes over and provides you with additional protection. The cost is minimal compared to the comfort of knowing you’re covered.

Silverdale – Do You Have Enough Liability Insurance?

Imagine what would happen if your dog were to bite a neighbor’s child or if there was an accident on your rental property. What would happen if a fire in your condo spread to other units? If any of these things happened to you, there’s a good chance your current liability limits wouldn’t be adequate to protect your assets or your future earnings.