The Five Top Reasons You Must Have Renters Insurance

Like many Americans, you may find ever-increasing rents to be daunting, and in order to save money, you may consider opting to skip purchasing renters insurance coverage for your belongings. But, how will you protect yourself and your possessions in the event of a fire, theft, or another disaster? 

Here are five good reasons why you absolutely need insurance coverage for your Buena Vista, VA rental. 

Protection for Your Personal Property 

Many renters mistakenly believe that their rental home, apartment, or condo is covered by their landlord’s property insurance. However, according to recent insurance surveys, 68 percent of renters between the ages of 23 to 35 would have to pay an estimated $5,000 in order to replace their possessions after a fire, break-in, or other unfortunate events. Can you afford to cover that out of pocket? 

What Does Renters Insurance Cover? 

A standard renters insurance policy will provide protection for your personal belongings against listed perils such as theft, fire, and vandalism. If you have a taste for antique furniture, art, advanced electronics, jewelry, or collectibles, you should talk to your Stonewall Grace Insurance agent about additional insurance to protect your high-end valuables.  

Additional Coverage Away from Home 

There may be other benefits included in your coverage. Depending on your policy, you may be covered in the event of a loss that occurs off-premises. For example, if you’re at a coffee shop and someone steals your expensive laptop and high-definition headphones, you may be able to file a claim for the stolen items. Some policies will also cover belongings kept in a storage facility. 

Liability Protection 

If your dog bites your neighbor, or a friend slips and falls off your porch, you may be held liable in a lawsuit. If a court finds you liable, your rental insurance policy will cover the cost of medical payouts, as well as replacement costs for damage or loss to other parties that occur at your rental property. 

Affordable Loss and Liability Protection 

The majority of basic rental insurance is often less than the cost of a pair of movie tickets each month. You may also find potential savings if you: 

  • Have a security system in place 
  • Have fire-protection devices 
  • Belong to a special interest group such as an alumni association or labor union 
  • Have an existing auto insurance policy 
  • Have special statuses such as senior citizen, military, or college student 
  • Maintain a claim-free policy for a specific period of time 

Greater Rental Opportunity Options 

Investing in renters’ insurance may expand your rental options, as more and more landlords are requiring that their tenants carry renters’ insurance. By shopping in advance for a renters insurance policy, you’ll have more rental choices. 

For more information about how renters insurance protects you and your property, call the Buena Vista, VA insurance experts at Stonewall Grace Insurance today. 

How You Can Protect Your Home in Virginia with Insurance

Purchasing a home in the Buena Vista, VA area can be a great long term financial decision. When you do purchase a home, it is important that you have it properly covered by insurance at all times. The main reason why you need insurance is that it can help to protect you and your property in many different ways. 

Protect Against Casualty

One way that you can protect your home in the Buena Vista VA area with home insurance is by protecting against casualties. No matter where you live, there is always a risk that bad weather, fire or other natural disasters could damage your property. If this occurs, you will be protected if you have a home insurance policy as it will provide you with protection to rebuild, repair or even replace your property. 

Protect Against Bad Acts

While some issues that can damage a property are created by natural disasters, there is also the risk that you could suffer a loss due to the bad behavior of some other party. Being victimized by theft or vandalism can be a scary and frustrating situation. At the same time, it can also lead to a financial loss to make repairs or any replacements. With your home insurance policy, you can receive protection against theft and vandalism for both the property and your personal belongings.

Ultimately, having home insurance on your property is a necessity. When you are shopping for a new home in Virginia, you should contact the team at Stonewall Grace Insurance. When you speak with the team at Stonewall Grace Insurance, you will learn more about how home insurance can protect you and your property. The team can then get you into a policy that provides you with the right protection. 

When You Should Update Auto Insurance

Auto insurance is a necessary expense in order to drive legally. However, that expense can be altered by many different factors. For this reason, it is a good idea to occasionally update your auto insurance. At Stonewall Grace Insurance serving Buena Vista, VA, we are very interested in making sure you have the best auto insurance deal around. Keep reading to learn when you should update your auto insurance. 

You Have Liability Only Insurance

Some people opt for liability only insurance if they are having a hard time budgeting in full coverage. If you have been in this situation before, but now your financial situation has changed, you may want to consider updating your auto policy. Full coverage is a much better investment, especially if your car has value. 

You Have Teen Drivers

When your children enter their teen years you will want to evaluate your auto coverage. Coverage changes when you add teen drivers. Shop around to make sure you are still getting the best rate. 

You’ve Gotten Married

Now that you are married you will need to add your spouse to your policy in most cases. This is a great time to shop around and update your insurance.  Married couples are often offered discounts that you do not get when single. 

You Are Older

As you get older you should be able to qualify for better insurance rates. If your current auto policy is not reflecting this, it is a good idea to shop around and find the best rate for your age group. 

Updating your auto insurance policy is a great way to save money. If you would like to learn more, please contact Stonewall Grace Insurance. We are now serving the Buena Vista, VA area as well as surrounding areas. 

How Does Senior Market Health And Life Insurance Differ From More General Coverage?

If you’re over age 65, you may be interested in senior market life and health insurance. This coverage, from Buena Vista, VA companies like Stonewall Grace Insurance, differs greatly from general coverage. Read on to find out how insurance coverage tailored specifically to senior citizens stands out from insurance meant for a general demographic.

Senior Coverage Is Guaranteed

While most life and health insurance rely on various criteria to approve or deny coverage, senior insurance is guaranteed. Though not all providers have the same requirements, if you are generally within the age limit of a senior citizen, you may qualify for coverage.

Of course, your rates may vary depending on your circumstances and the coverage you choose. For instance, a ninety-year-old female with heart disease may have to pay more for her coverage than a sixty-five-year-old female who is active and reasonably healthy. despite that, your coverage will not be denied.

The Rates Are Capped

It’s no secret that seniors often live on a fixed income. With pharmaceutical product prices skyrocketing and seniors being unemployed due to health conditions, an option that offers capped premiums is particularly interesting.

If purchasing your policy with Stonewall Grace Insurance, your senior life or health stays the same in terms of monthly rates. The guarantee is in place for the rest of your life.

Senior Life Insurance Covers End-Of-Life Expenses

While other insurance meant for a broad demographic can cover many things, senior life insurance is specifically meant for end-of-life expenses. Having this type of coverage in place ensures that your loved ones are not left scrambling for finances to pay for your funeral or settle any leftover debts.

Similarly, senior market health insurance is meant to supplement senior care coverage such as Medicare or a similar type of policy. Insurance specifically for seniors helps with any and all hospitalizations and related medical bills at the end of your life as well.

Senior Health Insurance Allows Preexisting Conditions

Lastly and perhaps most importantly, while other types of insurance exclude preexisting conditions, senior insurance keeps them in perspective. Few seniors who seek coverage are without preexisting conditions. Therefore, your coverage won’t be limited nor will your premium be raised due to preexisting conditions.

Are You Ready To Sign Up For Coverage?

As a senior citizen, life and health coverage that caters specifically to your age and interests is the best option for you. If you live in Buena Vista, VA, call our friendly agents at Stonewall Grace Insurance for a quote and some guidance. We are standing by to help you get the right coverage.

What is Life and Disability Insurance Used for?

No one can predict the future, but we can be prepared for it. As uncomfortable the subjects may be, death and disability are also part of life. If you were to become disabled and unable to work, could you support yourself and your family? If you were to die tomorrow, next week, five years from now, would your family be taken care of? If you want to answer "yes" to these questions, then you need a life and disability insurance policy in Buena Vista, VA.

This policy will take all the guess work out of the big "what if’s" of the future. For example, once a life and disability insurance claim is paid off.

  • Your family will have the funds to cover funeral costs, pay off outstanding debt, college tuition, living expenses, and more. 
  • You will have income if an injury or disease leaves you disabled and unable to work. Generally speaking, a disability insurance policy protects your income for the duration of your life. 
  • You will have peace of mind knowing that whatever the future brings, you have the resources available to meet the obstacle.
  • You have access to friendly, experienced insurance agents who will help you find the right policy at the right price.

To learn more about getting a new life and disability insurance policy or changing an existing one, contact Stonewall Grace Insurance. A member of our team will help find you the policy you need, compare quotes, and talk about bundling your insurance policies under one company to save money on your premiums. We are also here to answer all of your questions and concerns. Contact Stonewall Grace Insurance today at 866-446-5056. 

4 Ways Commercial Insurance Increases Your Business Opportunities

Your commercial insurance policies protect your Buena Vista, VA business from a range of potential threats. However, these contracts do more than help you through hard times. Here are some of the ways the policies offered by Stonewall Grace Insurance can actually help you make more money.

  • With the right insurance policies, your customers know that their investments can be recouped if a problem occurs. This makes them more likely to buy from you. Having an insurance policy also validates your business, which means potential buyers will trust you more than your non-insured competition.
  • Lenders look at a lot of criteria when deciding if you’re worth the risk. Having the right combination of insurance policies shows that you’re serious about protecting your financial status, which means you’re more likely to pay them back. Having an active policy could make the difference between getting the funds you need and being denied.
  • When working with other independent contractors, your insurance policy continues to protect your interests. If you’re seeking a partnership with a more established contractor, your insurance policies might convince them to give you a chance.
  • Starting a new business venture can stretch your resources beyond their limits. With a good insurance strategy, your expansions are protected against a variety of potential misfortunes. That means you, your partners, and your investors can rest assured that your investments are protected. That could help you convince them to accept some of your riskier ideas.

Find the perfect commercial insurance strategy for your Buena Vista, VA business with the experts at Stonewall Grace Insurance. Contact our representatives for a personalized assessment of your insurance needs.

What Does Renters Insurance Protect?

Do you rent a home, condo, or apartment in Buena Vista, VA? If so, you may want to consider protecting your valuables with renters insurance. A good policy will give you peace of mind knowing that if anything were to happen, you’re covered. Read on to learn about what renters insurance covers.

Renters Insurance and Fire

If a fire were to break out in your rental unit, this is your responsibility. You will not be able to recover any losses without the right insurance protection. This means you will lose everything damaged in the fire unless you are adequately covered.

Renters Insurance and Theft

Property crimes happen all the time in the United States. In order to protect your valuables in the event of a burglary, you’ll need renters insurance to recoup your losses after your deductible is paid.

Renters Insurance and Liability Claims

Accidents are typically unforeseen events. A guest could fall down the stairs, get bit by your dog, or suffer an injury by slipping on your wet kitchen floor. If an accident were to occur and the injured party decides to sue, you will be left in the cold without a renters insurance policy. This policy will help you with any litigation claims made against you by an injured party.

At Stonewall Grace Insurance, serving the Buena Vista, VA area, we are here to help you find the right renter’s insurance policy for the right price. We will answer all of your questions and concerns and help you compare various quotes. To find the right renters insurance, contact Stonewall Grace Insurance today at 866-446-5056 to compare renters insurance quotes.

 

 

Is My Home Underinsured?

If you wonder if your home might be underinsured, it probably is. Estimates are that up to two-thirds of American homes are either not insured or underinsured. Many homeowners are completely unaware of the risk and do not know how easy it is to do something about this problem.

To find out if you are underinsured you can simply call an agent at Stonewall Grace Insurance serving Buena Vista, VA, and the nearby communities. Have your agent conduct an insurance review. Help by collecting the data needed about the contents of your home and its measurements so that an accurate calculation can be made to determine the total replacement cost.

Why is replacement-cost insurance a good idea?

There are a few ways to value a home based on different accounting techniques.

There is the book value of the home, which is the purchase price less the depreciation that has been taken since buying it. Deducting depreciation makes the value of the home go down over time (for tax purposes) when the real value actually is probably going up.

There is the actual value that the home could sell for on the open market. Then, there is the replacement value. Replacement value, if calculated correctly at current prices, is always the higher valuation of these three methods.

Insuring a home for replacement value allows a person who lost their entire house to more easily get back to the same lifestyle and quality level of what was lost.

Adjusting for Inflation

To have adequate home insurance, it is important to adjust for inflation. This calculation takes into consideration the average percentage cost that prices go up.

Loss of Use

Loss of use is when your home is damaged so badly that it is not possible to live in it during the time when it is being repaired or rebuilt. This insurance is in addition to the amount needed to rebuild the home. It covers the expenses you have living somewhere else while the reconstruction is underway.

Summary

Work with your agent at Stonewall Grace Insurance in Buena Vista, VA. Call (866) 446-5056 to get a home insurance quote. Get home insurance for replacement value that is adjustable each year for inflation and has coverage for loss of use. When you do this, you will be in the group of one-third of all American homeowners that have their home adequately insured.

Can Lifestyle Changes Affect your Auto Insurance Coverage?

Changes in your lifestyle can have an effect on your health, finances, relationships, and auto insurance coverage. Lifestyle changes like marriage, divorce or retirement can affect the cost and coverage of your policy. If you’ve recently gone through some lifestyle changes, talk to your Stonewall Grace Insurance agent to see if you should update your policy. Here are just a few ways lifestyle changes can alter your auto insurance coverage.

Marriage

If you’ve recently gotten married, you may qualify for a discount on your auto insurance coverage. Many insurers reduce insurance rates to married couples. If both of you have good driving records, you can save money on auto insurance by adding your spouse to your policy. This could help offset the cost of increasing coverage if your spouse needs additional protection.

If your spouse has his or her own car, you can get discounted auto insurance via a multi-car policy. If one of you owns a home in Buena Vista VA, you can bundle your home and auto insurance to save on auto insurance costs.

Divorce

On the flip side, divorce could cost you more in auto insurance costs as you would lose both your married and multi-car discounts.

Retirement

Retirement may make you eligible for reduced auto insurance rates due to driving less often and needing less coverage. The less you drive, the lower your risk of having an accident. If you’re a safe driver, you may also qualify for a senior discount on your policy. Some companies give new retirees a break on costs as well. If you complete a defensive driving course (now that you have the time), you could get another reduction on insurance costs.

To learn more about auto insurance options and costs, contact Stonewall Grace Insurance in Buena Vista, VA.  

What is Senior Market Insurance?

Insurance can be difficult to traverse at any age but especially in later years. For those that are of the senior age group, senior market insurance is a subset of typical insurance that is geared specifically toward this age group. For those that live in the Buena Vista, VA area, the agents with Stonewall Grace Insurance can help you to find the right insurance for you no matter your age.

Put as simply as possible, senior market insurance are those insurance coverages that are geared toward what one would typically classify as a senior. This means special insurance coverages that are geared toward those that are around the age of 65 or older. This type of insurance may be special health insurance coverages, life insurance, and more that are all specifically tailored toward older individuals. This type of coverage may have lower deductibles, may tailor to specialists, and more.

For those that are considered seniors, these coverages may also cost less and may even work with things like Medicare and Medicaid dependent on what coverages you have already. This type of coverage is fantastic for those older individuals that may need more coverage but that may not have the ability to use normal coverages. If you are a senior, this type of policy is going to be great for those that do need different coverage than typical policies or that may need something that is going to work with their current Medicare coverages. For those that live in the Buena Vista, VA area and need a bit more help understanding this type of insurance, the agents with Stonewall Grace Insurance can help you to understand and find the coverage that is going to work best for you and for your specific insurance needs and coverages.