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Common Add-ons and Scheduled Coverage for Renters Policies

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Your personal items kept in your Decatur, AL, rented home or apartment deserve the same level of protection as a homeowner’s. That’s what you get with renters policies from Will Wright Agency Inc. Our renters insurance policies provide the liability and personal property coverage you need to protect your financial security. We encourage our policyholders to meet with their insurance agents to customize their coverage.

Scheduling Items

A policyholder can customize their coverage by scheduling coverage for specific items, such as jewelry, designer clothing, musical instruments, and electronics. For example, a football player or coach whose team won a championship could schedule each championship ring in their policy. This would protect each ring at its stated value.

Scheduling an item like a computer covers it for the amount it costs or the amount it would cost to replace, depending on the type of valuation chosen. Most people avoid choosing market value because an item that initially costs a lot could temporarily drop in value, resulting in a lower payout than if they had picked actual or stated value.

Adding Riders or Endorsements

Some insurance companies refer to endorsements as add-ons. Each of these three terms means the same thing—a rider that adds coverage to the policy to cover specific situations, such as a home business or hobby equipment. When adding these, make a list of the equipment it applies to and its value. Other popular riders include the pet damage rider and identity theft coverage rider.

Other Coverage

Renters’ insurance can include other types of coverage besides liability and personal property. Consider adding:

  • Additional living expenses
  • Loss of use
  • Medical payments coverage

Ask your insurance agent if your policy covers debris removal or spoiled food. If not, have them add that coverage using a rider.

Schedule Your Renters Insurance Review Today

Call or email Will Wright Agency Inc. today to schedule your renters’ insurance review. Let us help you protect your Decatur, AL, home, and your belongings.

Why Standard Auto Insurance Isn’t Enough for Your Motorhome

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A motorhome is more than just a vehicle—it’s a home on wheels. It’s a place where you and your family create lasting memories, share life’s ups and downs, and, most importantly, it’s your sanctuary. That’s why it’s essential to protect your motorhome as fiercely as a mother bear protects her cubs. Standard auto insurance isn’t sufficient for your motorhome. Specialized motorhome insurance, available with Will Wright Agency Inc. in Decatur, AL, is designed to provide the extra protection needed for both the vehicle and the lifestyle that comes with it.

Campsite Liability and Guest Injuries

Unlike regular cars, motorhomes are parked and used as living spaces at campsites and motorhome parks. Imagine a visitor tripping over an extension cord, slipping on a wet surface, or getting injured on your campsite. You could be held liable. Standard auto insurance doesn’t cover these types of incidents, but motorhome insurance includes liability protection for accidents that happen, even while your motorhome is parked.

Coverage for Personal Belongings Inside

A motorhome isn’t just a mode of transportation—it’s a fully equipped living space. Many owners keep electronics, kitchen appliances, outdoor gear, and other valuable items inside. Standard auto insurance only covers the vehicle itself, not its contents. Home insurance provides coverage for stolen or damaged personal belongings. It’s like having a homeowner’s or renter’s policy on Wheels!

Specialized Repair and Emergency Expenses

Towing costs for a motorhome are significantly higher than those for a regular vehicle. Standard roadside assistance plans often don’t cover RVs, leaving you with expensive out-of-pocket costs or even stranded on the side of a highway in the middle of Alabama. Motorhome insurance may include coverage for emergency expenses, such as towing, lodging, and food, if a breakdown leaves you stuck overnight.

With the right motorhome insurance, available through Will Wright Agency Inc. in Decatur, AL, owners can enjoy peace of mind knowing their home on wheels is fully protected.

RV Insurance – Coverage for Recreational Essentials

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If you plan to purchase a travel trailer or other type of RV, consider insuring it. Your policy can cover the RV and recreational essentials you’ll be using.

Basic Coverage Tips

Your new RV should be covered by your policy whenever it’s occupied. A basic liability insurance policy will provide protection if you’re found at fault in an accident that results in damage or bodily injury. Each family member who will be driving the RV should be added to your primary insurance policy.

Types of RV Coverage

There are many types of RV coverage to choose from. First, consider insuring the vehicle itself. Collision insurance covers mishaps that damage your new RV. This type of coverage handles the repair essentials to restore the RV to its original condition.

When preparing a personalized RV insurance policy, the RV’s furnishings, HVAC equipment, plumbing system, and other essentials should be considered.

Towing and Recreational Considerations

If you’re towing recreational equipment with your RV, you may want to list the tow bar, trailer, and other towing equipment on your RV insurance policy. Adding these items to your policy protects you if the towing equipment is damaged or stolen.

RV Storage Plans

If you need to store your RV for an extended period, you may need to modify your RV policy. You can drop or add coverage whenever your RV usage changes.

Will Wright Agency Inc.: Serving Decatur, AL

Contact one of our agents at Will Wright Agency Inc. for help with personalizing your RV insurance policy.

Factors That Impact a Classic Car’s Value

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Are you considering purchasing a classic car, not just for enjoyment but also as an investment? Or perhaps you already own a classic car and want to protect its value? Besides securing the right classic car insurance plan, there are several steps you can take to ensure the classic car you purchase or already own retains its maximum value. If you live in Decatur, AL, and need help selecting a classic car insurance policy, contact the Will Wright Agency Inc.

Factors Influencing a Classic Car’s Value

Market values are primarily determined by supply and demand. High demand and limited supply generally equate to higher values. This is as true for classic cars as anything else. Since classic cars are no longer in production, supply is limited. So, if you have or find a classic car in high demand, you’ve probably got a valuable asset on your hands.

However, the condition of the car is crucial. The most valuable vehicles are typically in excellent condition. You’ll want to protect your classic car from things like rust. Once a car starts to rust, it can be difficult to stop the rust from spreading. As such, you’ll want to avoid salt from winter roads, the ocean, and other sources.

Weather is a major risk for classic cars. Keeping such vehicles indoors, in a garage, or in a specialized storage facility is best. If you take your vehicle out on the road, do so when the weather is nice and minimize the risks. Defensive driving is wise no matter the weather, as accidents can lower the vehicle’s value even if the damage is ultimately repaired.

Of course, you’ll want to protect your investment with the right classic car insurance plan. If you live in or near Decatur, AL, contact Wright Agency Inc.

Types of renters insurance coverage that can help you recover from a covered hazard

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Weather events have been causing tremendous destruction all over the country, affecting homeowners and renters alike. Are you safe from the devastation that could be coming your way? At Will Wright Agency Inc. in Decatur, AL, we give our customers the options they need to feel confident they are protected. 

As a renter, you may not realize that your landlord doesn’t have any coverage for your personal property. They definitely have insurance, but their insurance covers their property and possessions, and you are on your own when protecting yours. 

Rental content coverage

Your rental is filled with your personal possessions. Try to imagine losing all of them and having to replace everything without any financial help—a pretty daunting thought. Your clothes, electronics, furniture, jewelry, and collectibles are all gone. Rental content insurance will help you replace what you have lost. You have choices. You can choose the current value or replacement cost, whichever is right for you. 

Rental liability coverage

If someone is injured in your rental or by a family member away from your rental, you could be liable for medical costs and might even get sued. No one wants to think that friends will sue them, but it happens. Your rental liability coverage will cover the expenses up to your policy’s limit and even pay some legal costs. 

Loss of use

If your rental is damaged by a covered hazard, your renters’ insurance will help pay for a place to stay until it is habitable again. It may even pay for some meals if you are unable to cook. Understand, however, that you will need to have flood insurance to be covered for flood damage. 

Contact Will Wright Agency Inc. in Decatur, AL, if you need rental insurance. 

Understanding Agreed Value, Cash Value, and Replacement Value

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Understanding Motorhome Insurance in Decatur, AL

Decatur, AL, known as the "River City," offers visitors and locals the opportunity to enjoy time spent in their motorhome near the Tennessee River or Wheeler Lake. There are many, often complex, aspects to consider when purchasing motorhome insurance. You need to get the right amount of coverage that is adequate for your motorhome and fits your budget. To get the right coverage, you must understand cash, replacement, and agreed value.

Cash Value

Actual cash value (ACV) is how much it costs to replace stolen or damaged property minus how much depreciation has occurred at the time of loss. If your motorhome is stolen or totaled in an accident, your claim will be settled at actual cash value, considering the age and condition of the vehicle at the time.

Replacement Value

Replacement cost value (RCV) is the cost of replacing the same item, regardless of depreciation. RCV provides more coverage, but your rates will probably be higher.

Agreed Value

There is a third option to consider when insuring your motorhome. Agreed value is the amount you and the insurance company agree to be worth an item, vehicle, etc. These types of policies are not that common. You may want to get an agreed value policy if you’re insuring something such as an antique vehicle that will appreciate over time.

Contact the Will Wright Agency Inc. in Decatur for Motorhome Insurance!

At the Will Wright Agency Inc., serving Decatur, AL, we can provide you with various insurance options for your motorhome. We offer a wide range of insurance, including life, health, RV, boat, motorcycle, auto, and classic car coverage. Contact us today for more information.

Does RV insurance cover storm damage?

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RV insurance shares elements with both auto and home insurance. One significant point to consider is that not all RV insurance policies provide the same coverage, notably concerning storm damage handling. Because of these differences, RV owners should carefully assess their coverage options and discuss the best policy for their needs with their insurance agent. If you are in the Decatur, AL, area, the Will Wright Agency Inc. team is prepared to answer your RV insurance queries and ensure you have the coverage that best suits you.

RV Insurance and Storm Damage

Alabama State law mandates all motorized RVs to carry the same minimum insurance coverage as other motor vehicles. The minimum liability coverage includes:

  • $25,000 bodily injury per person
  • $50,000 bodily injury per accident
  • $25,000 property per accident

Similar to auto insurance, liability insurance covers injuries and damages to third parties; it does not cover your vehicle. Collision insurance, similar to that for an automobile, covers damages to your RV resulting from an accident.

RV owners requiring coverage against non-collision damage need a comprehensive policy. Such a policy typically covers damage from:

  • Falling branches and trees
  • Hail and wind
  • Vandalism
  • Bursting or problematic plumbing

Comprehensive policies occasionally include flood damage. If not, a separate flood policy can be purchased. Some RV insurance also includes aspects resembling home insurance, like personal property protection and coverage of the RV’s surrounding common area.

Although RV insurance may seem complex, an experienced agent will help you understand and ensure you obtain the right policy.

Trusting Will Wright Agency Inc.

The friendly team at Will Wright Agency Inc., serving Decatur, AL, is ready to address your RV or other insurance requirements. Please call (256) 353-5537 or visit us in person today for the necessary coverage.

Classic Car Insurance because Your Classic Ride Deserves a Little More

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Occasionally, a car is just more than a car. For many classic car enthusiasts, it’s something extraordinary. While this "something more" can differ among individuals, there is no denying the sentimental value these masterpieces from the past hold. Browse through any classic car show near you, or better still, attend one, and it’s glaringly apparent that people adore their vintage beauties. This passion is one of the reasons why folks in and around Decatur, AL, trust the experienced, professional, and friendly team at Will Wright Agency Inc. for their classic car insurance needs.

Because Your Classic Car Warrants a Little Extra

Indeed, procuring parts for your cherished 1960’s Ford model might be costlier. You might even have to get parts custom-made as replicas of the original for your 1956 Chevy. Sometimes, taking care of your classic car might be more demanding and costlier, but as every classic car owner will testify, these classics surely deserve a little more. Secure those precious memories and that stunning throwback ride and maintain its timeless elegance with the appropriate classic car insurance solutions.

Classic Car Protection in Decatur, AL

If you are a resident of Decatur, AL, or its surrounding areas and have queries about auto insurance or need classic car insurance for your vintage masterpiece, we are here to help. Our professional and friendly team at Will Wright Agency Inc., who shares your love for classic cars, can answer all your classic car insurance questions and offer the coverage your classic car needs and deserves. Reach out to us to learn more and schedule an appointment today.

Three Ways Renter’s Insurance Protects You Financially

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When you rent your home, it’s important to have insurance coverage similar to home insurance. However, this doesn’t need to cover the physical property—that’s the owner’s responsibility. As a renter, you need many protections, and renter’s insurance provides them. If you are renting your home and don’t have renter’s insurance, contact us at Will Wright Agency Inc. in Decatur, AL.

Covering Your Belongings

Renter’s insurance covers all your belongings in the same way that home insurance would. Having financial protection for your belongings is essential, as they can all be damaged or destroyed in a disaster. If this occurs, you may need to replace your items, which can be highly costly without insurance.

Protecting Your Liability

Even though you may not own the property, you are still financially accountable for what happens there. If a visitor were to get injured at your place, they might have medical bills and other costs for which you would be responsible. Renter’s insurance provides you with liability coverage, which means the policy could pay for these expenses rather than you. These costs can include legal fees, lost wages, and more.

Catastrophe Protection

Imagine a serious disaster occurs at your home, resulting in extensive damage and necessitating major repairs. Events like these are more common than you might think, and it can be extremely costly to have to find temporary accommodations while your home is being repaired. Renter’s insurance covers the costs of living elsewhere while your home is being fixed.

Get Your Renter’s Insurance Policy

Having a renter’s insurance is crucial if you’re a tenant. If you don’t have coverage yet, contact us at Will Wright Agency Inc. in Decatur, AL to get started.

When to Get Motor Home Insurance for Your Motor Home

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At the Will Wright Agency Inc. in Decatur, AL, our highly skilled team of insurance professionals is committed to protecting every asset and aspect of your life, including your motor home. A motor home, otherwise known as an RV, provides you with the comfort you need on your journey across the country. Even if you never take your motor home out of the garage, you can still reap insurance coverage benefits to protect your property from possible theft or damage.

What Is Motor Home Insurance?

Motor home insurance, also known as RV insurance, is a special type of policy designed to cover RVs and related vehicles. If you’re uncertain whether your vehicle qualifies as a motor home or RV, our professional team can help you clarify it. We don’t just help determine your vehicle type; we can also offer guidance on whether motor home insurance is the perfect fit for you or if a different insurance policy could better serve your needs.

What Does Motor Home Insurance Cover?

Motor home insurance shields you and your motor home against familiar problems RV owners may encounter. For instance, your RV could be insured against damage caused by others. Coverage may also extend to liability and other related expenses, although this depends on the specifics of your insurance policy.

When to Get Motor Home Insurance

Owners of RVs should seriously consider purchasing motor home insurance. Even if your RV spends most of its time parked in the garage, it’s still a valuable asset deserving protection. If you harbor concerns about possible RV damage or injuries occurring in or around your RV, it’s best to act on those instincts. It’s always better to secure protection now rather than regret not having it later.

For additional insurance information, please get in touch with our office at the Will Wright Agency Inc. in Decatur, AL, today!