What Are the Motorcycle Insurance Requirements in Washington?

Are you looking to get motorcycle insurance in Washington? Whether you’re a resident and are about to buy a motorcycle, or just moved to Washington and need to know state-specific requirements, read on. You also can talk to an agent from Chambers Bay Insurance of the University Place, WA area for assistance.

New Mandatory Insurance Law in Washington

Washington motorcycle law changed as of the end of July 2019. Motorbike drivers must carry proof of their insurance as well as have liability coverage.

Your insurance company should send you a card that shows proof-of-insurance when you first get your policy or when you renew it. This will show that your motorcycle is covered by liability insurance. If you are not carrying this and you are stopped by a police officer, you will get a traffic violation ticket.

Liability insurance requires minimum limits of the following: 

  • $10,000 for damage done to someone else’s property
  • $25,000 in the instance of injuries or death to another person
  • $50,000 for injuries or death to all other individuals involved

UIM/UM Insurance Coverage

It’s beneficial to have UIM/UM insurance if you’re hit by someone who does not have insurance or are underinsured. Personal Injury Protection (PIP) also is ideal to have for your own medical bills and any lost wages. 

In addition to having insurance, it is not necessary to get a motorcycle endorsement in Washington state. You would either have to pass a course at a training school, or pass the knowledge and riding skills test, then bring it to a licensing office to receive your endorsement.

Contact the insurance providers at Chambers Bay Insurance with your concerns and questions about motorcycle insurance, serving the greater University Place, WA area. You’re sure to be pleased with the results.

Does My Insurance Cover My Boat If It’s in Seasonal Storage?

In University Place, WA, residents who put their boats in storage often have concerns about whether or not to maintain their boat insurance. The agents of Chambers Bay Insurance can answer that question and many others concerning your boats and other types of watercraft. Even though your risk of damage and liability is reduced with your boat being in storage, it’s still a good idea to maintain your policy. This ensures that your boat is covered if something happens while it is in storage.

Proper Maintenance for Seasonal Storage

Before storing your boat for the winter, you need to make sure it has been winterized and adequately covered. Maintaining your boat both in and out of the water is essential. Once you have taken the time to winterize your boat, the next step is to cover it. Putting a cover over your boat will protect it from falling debris and will also prevent small animals from finding their way inside and damaging its interior.

Seasonal Coverage

Many insurance providers offer what is known as Seasonal Insurance for boats and other watercraft. This type of insurance is less expensive, simply due to the fact that your boat has a reduced risk of damage and liability. It goes into effect when you winterize your boat, and your regular coverage resumes when you take your boat out of storage and prepare to put it in the water.

The agents of Chambers Bay Insurance are only a phone call away for residents who live in the University Place, WA area. If you have questions about putting your boat in seasonal storage or want a quote, call and talk to one of our agents today!

Why Umbrella Insurance Protects Your Home and Lifestyle

Working hard allows us to collect assets over time. We strive to maintain a lifestyle that we are comfortable with living. This lifestyle may include savings, assets, or things that are valuable to us. Unfortunately, the unexpected can happen. We are responsible for accidents, property damage, and bodily injury, and these incidents may exceed the limits of a standard home insurance policy. With umbrella insurance from Chambers Bay Insurance, residents in the University Place, WA area can protect their home and lifestyle with this coverage.

Home Protection

Depending on how severe the incident may be, the damages could far exceed your liability coverage amount with your regular home insurance. At that point, you may have to sell assets, such as your home, to compensate for the difference and make the necessary payment. With umbrella insurance, you can protect your home by including the value of your home in your custom policy.

Recreational Fun Protection

Enjoying life on the water or venturing off-road into the deep woods requires recreational vehicles. These recreational vehicles are counted as an asset and you may be required to sell off these assets for payment towards the amount owed in a liability lawsuit. In your umbrella insurance policy, be sure to include the value of these assets to protect them. 

Protect Savings Bonds & Accounts

Your umbrella insurance should be used to also insure any savings bonds or savings accounts in your name. So, you will not have to utilize these assets in an incident or loss. 

Get Your Policy Today

When you draft your umbrella insurance policy, be sure to include the value of all of your assets. Whether you want to supplement your home insurance or your business, umbrella insurance allows University Place, WA residents the ability to secure their lifestyle. For more information about your umbrella policy, contact Chambers Bay Insurance today. 

Life Insurance Policies Made Simple

Life insurance is weird. It has its own set of rules, and it’s built around something none of us really like to think about it. Still, we all know it’s important. If you’re ready to start seriously looking at policies, a little advice can go a long way. This Chambers Bay Insurance guide will simplify life insurance and how it works in University Place, WA.

Term

Term is one of the more common policy types — especially for anyone under retirement age. Term policies are set for a specific number of years. They usually range from 10 to 30 years. You pay a monthly fee, and if the policy has to be claimed, it pays a predetermined amount. A lot of employers include these types of policies as a perk. The thing to understand about a term policy is that once it expires, it no longer covers you (or anyone attached to the policy), and you have to look for a new one.

Whole Life

Whole life is the counterpart to term. A whole life policy, as the name implies, will cover you for your whole life. It works kind of like an investment account. The premiums you pay are put into an interest-accruing account. Whatever the policy is worth at the time it is redeemed is what you get. The interesting thing about whole life policies is that they aren’t exclusively redeemed when someone passes. Many have clauses that allow you to cash out the policy after a certain amount has accrued or certain conditions have been met. The biggest thing to understand is that term policies usually pay out far more than is paid in. With whole life, the payout is equal to the total payments invested plus whatever interest they earn.

Universal Life

Universal life policies are very similar to whole life policies. They primarily grow value by investing your premiums and compiling interest over time. The major difference is that universal plans are much more flexible and more closely tied to investment returns. Depending on how they are managed, they can produce significantly more or less value than a whole life policy.

Clearly, there’s a lot to consider when shopping for life insurance. If you want to have a deeper look at the different options and how they mature, having a talk with your Chambers Bay Insurance agent certainly wouldn’t hurt. They’ve been serving University Place, WA, long enough to give you sound advice.
 

3 Tips for Buying Commercial Insurance in University Place, WA

Do you own a business in University Place, WA? If so, you’ll want to protect this valuable asset with the right commercial insurance policy. To do this, you’ll need to work with a reputable agent serving the area. Also, you’ll want to save money, as well. Read on to learn about three tips for finding the right commercial insurance for your particular business at the right price.

1. Compare Several Quotes

You’ll want to be sure when buying commercial insurance to compare several quotes from different insurance carriers. Look over the quotes in detail with the help of an agent from Chambers Bay Insurance to make sure you understand exactly what is covered and at what cost.

2. Bundle Your Insurance Policies

To save money on your insurance premiums, consider bundling all of your insurance policies under one insurance carrier. You can bundle your auto insurance, home insurance, renters insurance, life insurance, and more. Bundling is one of the easiest ways to save money on your new or existing commercial insurance policy.

3. Work with a Reputable Agent

When it comes to protecting your business, working with a reputable insurance agent is the best way to go about purchasing a commercial insurance policy. An insurance agent will help you understand the policy you decide on and help you get it for the right price.

To learn more about buying a commercial insurance policy in University Place, WA, contact the trusted team at Chambers Bay Insurance who serves this area. Our friendly agents will answer all your questions and concerns and take the time to get to know your business before helping you to compare quotes and choose the right one.

Are There Ways to Lower Your Home Insurance Premiums?

Many people assume they’re stuck with their premiums. The truth is there are several ways to lower your home insurance premiums in Univertsity Place, WA if you’re willing to do the research and the work. A home insurance policy from Chambers Bay Insurance is just the start. Here’s how you can reduce your premiums.

Review Your Coverage

If you look at your home insurance policy right now, you might find you’re paying for coverage you don’t need or coverage that doesn’t apply to you. For example, you may find you’re paying for structures on the property you no longer have.

You might have possessions listed that you sold or otherwise got rid of. Don’t lower coverage to your detriment, but always make sure you’re only paying for coverage you need.

Make Your Home Safer

Sometimes, you can lower your premium by adding safety features and making sure your home can withstand hazards. For example, you can add a stronger roof, wind shutters, a security system, and other safety measures.

The more protection your home has against the perils named on your insurance policy, the better chance you have to reduce your premiums. You can speak with your insurer to see what specific safety features they value.

Ask Your Insurer

Many insurers have deals, packages, and discounts they don’t always advertise. As the saying goes, it doesn’t hurt to ask. A professional agent will have no problem working with you to see if there’s some way they can help you save on your home insurance.

In addition, using the same insurer for all your insurance needs can often help you save money on all your insurance premiums, not just your home insurance. Homeowners in University Place, WA have many options available to them. If you want to save money on your insurance premiums, start by contacting Chambers Bay Insurance.