Author Archives: Sierra Magee

  • 0

 A Homeowner’s Policy Doesn’t Cover Flood Loss

 “Your homeowner’s policy does NOT cover loss due to flood from any source.”

Many people aren’t aware that their homeowners insurance excludes flood and earthquake coverage. Earthquake coverage can typically be added with a simple endorsement, but flood insurance requires a separate policy entirely.

The Definition of a Flood

Before purchasing a flood insurance policy, it’s important to understand what is considered a flood.

A flood is “a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area, or of two or more properties (at least one of which is the policyholder's property).”1

Flood insurance kicks in when the following conditions are met:

  • Overflow of inland or tidal waters
  • Unusual and rapid accumulation or runoff of surface waters from any source
  • Mudflow
  • Collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels that result in a flood as defined above

When to Purchase Flood Insurance

We realize that not everyone feels the need to carry flood or earthquake insurance, but we do want you to be well informed.

We can’t predict when that 100-year storm will hit, but we can provide clients with the accurate information they need to make the best decision for their family.

Find out what flood zone you live in.

You’ve discovered your flood zone, now what?

Go online and search your zone in your favorite search engine. Let’s say your flood zone is Zone X. These are areas determined to fall between the 100-year and 500-year floodplain and are areas of moderate or minimal hazard from flood.

See how your home would have stood up to Hurricane Harvey.

The Cost of Flood Insurance

On average a low risk flood zone might cost $400-$500 a year to insure and is a small price to pay for peace of mind. Flooding can occur at any time and isn’t always from a tidal surge and more often than not low risk areas may be affected when catastrophic storm hits.

If you are interested in discussing if flood insurance is right for you or you need help in securing a quote, please give us a call at 804.320.0129.

 

1 http://www.insure.com/flood-insurance/who-needs-flood-insurance.html


  • 0

3 Steps to Saving Money on Your Car Insurance

It’s a daunting idea. You put a device in your car, it watches you drive for some set amount of time, and then the insurance company takes it back. Then, what? It changes your rates? It follows you on your commute?

The truth of the matter is far from scary. Safeco’s RightTrack® safe driver program and its similar counterpart with Progressive, the Snapshot® program, are an incredibly simple way of saving you a good amount of money on your car insurance.

Take Safeco’s RightTrack, for example. As soon as you sign up for the completely voluntary program, you are already guaranteed a discount upon completion.

Here’s how you can save money with RightTrack:

STEP 1: Plug the device into your car’s computer for 90 days.

STEP 2: Safeco will email you instructions after the device is installed on how to access all of the information gathered on a secure online dashboard.

STEP 3: After those 90 days, you’ll get another email with what your final discount will be. No matter what, if you complete the 90-day RightTrack program, you will receive a discount of anything from 5% to 30% of your premium.

The insurance company looks at these key metrics when determining your overall safe driver discount:

  • Number of miles you drive
  • Time of day you drive
  • Rapid accelerations
  • Hard braking

And guess what? Your privacy is completely protected. According to Safeco, any personally identifiable data is not shared outside of servicing your policy, for research, or as required by law. Not only is your insurance rate based on the traditional factors of what vehicle you drive or what your driving record looks like, but also on your actual driving behavior.

Does this sound like something you’d like to take advantage of?

Contact us today and find out how you can save money on your car insurance or if a safe driver program is right for you.

Safeco's RightTrack Safe Driver Program

  • 0

Do You Have Enough Coverage to Rebuild Your Home?

Selecting the proper amount of coverage is the single most important decision you can make with your Homeowners policy. Without it, you may not have enough coverage to rebuild after a total loss.

This is called “insurance to value.” Below are some explanations and tips to help you make the right choices for your needs — and remember, if you need help, we’re just a phone call away!

 

What is insurance to value?

Insurance to value is the relationship between the amount of coverage selected (typically listed as “Coverage A” or “Dwelling Coverage” on your policy declarations page) and the amount required to rebuild your home. Insuring your home for anything less than 100% insurance to value could mean you wouldn’t have enough coverage to replace your home in the event of a total loss.

 

Why is the cost to rebuild different from the market value?

A home’s market value reflects current economic conditions, taxes, school districts, the value of the land and location, and other factors unrelated to construction cost. The cost to rebuild your home is based only on the cost of materials and labor in your area. It is important that you insure your home based on its reconstruction cost, NOT its current market value.

 

Why is reconstruction more expensive than new construction?

New-home builders typically build many homes at once, and solicit bids from various sub-contractors to receive the best pricing. Their business model is based on economies of scale. For example, they may purchase 20 bathtubs at once, securing a lower unit cost. These economies of scale don’t exist when building a single home.


  • 0

Summers mean backyard grilling – safely!

Grill Flames

Just like hamburgers and hot dogs, a sizzling grill is a symbol of summer and grilling isn’t just about great food. Backyard barbecues often create treasured memories with friends and family.

Keep in mind, however, that when you grill, you’re literally playing with fire. Thousands of residents each year learn this the hard way, suffering damage to their homes or even serious injuries in grilling accidents.

There’s good news, though: You can prevent grilling accidents by taking some simple precautions. The tips below can help ensure you cook only your burgers — and not your house — the next time you fire up the grill.

TIPS FOR ALL GRILLS
  • Your grill, whether gas or charcoal, should be on a level surface outdoors, away from anything that could be ignited by flames (bushes, fences, etc.).
  • NEVER use a grill indoors. Odorless carbon monoxide fumes could kill you.
  • Keep your grill clean and well-maintained. Check parts regularly to determine if replacements are needed.
  • Never leave a hot grill unattended or let children play near it.
CHARCOAL GRILL TIPS (From Kingsford.com)
  • Do not add lighter fluid directly to hot coals. The flame could travel up the stream of fluid and burn you.
  • Never use gasoline or kerosene to light a charcoal fire.
  • Use flame-retardant mitts and long-handled barbecue tongs, as coals can reach up to 1,000 degrees.
  • To dispose of coals, allow the ashes to cool for at least 48 hours before disposal in a non-combustible container. If you cannot wait 48 hours, carefully place coals individually in a can of sand or bucket of water.
GAS GRILL TIPS (From the National Fire Protection Association)
  • Check your grill’s hoses for leaks before using it for the first time each year. Apply a light soap and water solution to the hose. A propane leak will release bubbles. If you have a leak, and it will not stop after the grill and gas is turned off, call the fire department. If the leak stops when the grill and gas are turned off, have your grill serviced by a professional.
    If you smell gas while cooking, immediately get away from the grill and call the fire department. Do not move the grill.
  • Do not keep a filled propane tank in a hot car or trunk. When getting containers refilled, make that your last stop before going home.
  • Store propane tanks in an upright position, and never indoors.

From all of us at Knight Magee Insurance, happy grilling, and stay safe this summer!


  • 0

Have a Safe and Happy Memorial Day

Category : KMI

Liam Magee

We want to wish our clients and friends a safe and happy Memorial Day weekend.

For the first time in 6 years, we have decided to close our office from Thursday, May 25th through Monday, May 29th. It is important to us that our entire team enjoy this time off with family and friends.

During this time, please contact your carrier directly to report a claim or process a payment. Carrier contact information can be found by visiting our website at www.kmicoverage.com. However, If you have an urgent matter or question about your policy and need to reach us directly, please contact Sierra on her cell at 804-901-0925.

As always we truly appreciate your support and business!

Have a safe and happy holiday weekend!


  • 0

May is Foster Care Awareness Month

Category : KMI , Uncategorized

National Foster Care Awareness

More than 400,000 American children and youth are in foster care looking for their forever homes. Most children in foster care live in a family setting, but a decent amount live in group homes without the love and support they deserve.

Because May is Foster Care Awareness Month, we feel this is the perfect time to update our friends and family on our journey. This year Kate and I decided to start the process to become Foster parents. We are currently attending weekly classes, undergoing a home study process, and essentially sharing every aspect of our lives with the City of Richmond in the hopes they ultimately choose us to be Foster moms.

Our decision to foster didn’t come lightly. Sometimes I wish it were something we pursued sooner, but I realize it took other steps to get us here. We aren’t completely sure what the future holds or what this will mean for our family, but what is certain is we have more than enough room in our home and hearts for another child (or more).

We are passionate about this and as you know we like to share our passions. Stay tuned and hopefully we will be welcoming another child into our home in the near future.

What can you do to help? Join your community, be a mentor, or learn about being a foster parent. Check out the Foster Care Month 2017 web page: www.childwelfare.gov/fostercaremonth.

 


  • 0

Welcome Brian Martin, Licensed Insurance Agent

Brian Martin

We are excited to announce and welcome Brian Martin to the team. Brian joined us earlier this year, but has been busy with licensing and kick starting his role at the agency.

“Becoming a licensed insurance agent was exciting for me. I am able to personally work with and get to know my clients and assist them with making some of the most important decisions they might ever make. I know firsthand how an automobile accident can change someone’s life or how quickly a fire can destroy a home. There is value in having an agent like myself who can explain the importance of policy coverages and together ensure your policy will work for you when you need it most.”

In addition to working as an insurance agent, Brian is also a full time Henrico County Fire Fighter. Brian has dedicated his life to serving those in need and will be a great asset to the agency. Brian is available to his clients during normal business hours, evenings, and weekends and also has our licensed support staff supporting him as well.

I have known Brian for quite some time and I have always been very impressed with his work ethic and loyalty to family, friends, and co-workers. I’m excited to have him on board and eager to see him succeed.

Please join us in welcoming Brian to the team!

-Sierra Magee


  • 0

10 (Last Minute) Holiday Tips to Keep You Safe

The holidays are here – and it’s about that time to visit with family and friends, exchange gifts and enjoy all the spirit and festivity of the season. But, as with any disruption to the regular routine, the “most wonderful time of the year” comes with its own caveats. Whether you’re traveling or planning to stay close to home for the holidays, consider these 10 tips to ensure your seasonal celebrations are safe and secure. From pointers for protecting your home while you’re away to talking politics with family at the dinner table, here’s how you can avoid filing a claim on your insurance policy while you’re making merry and bright.

    1. Don’t post your plans.
      While it’s tempting to check-in and share your excitement about travel online, be careful about what you’re putting out there for anyone to see. Manage your security settings to restrict who sees your social posts, and keep your comings and goings out of the hands of strangers who can track when you’re not home.
    2. Let your neighbor know.
      If you’re headed out of town for the holidays, have someone check up on your home while you’re away. Water damage is one of the worst kinds of enemies for a homeowner, so a friend or neighbor can pop by periodically to confirm everything is in good working order. While the event of an emergency is highly unlikely, it’s also handy to have someone who can collect your mail so it doesn’t pile up out front.
    3. Secure your stuff.
      When it comes to your valuables, it’s always a smart idea to keep your prized possessions somewhere secure. Your insurance policy may include fine jewelry or any number of expensive items. Utilize a fireproof safe tucked away in your bedroom for peace of mind while you’re out of town.
    4. Lock up and leave a light on.
      This one should be a no-brainer, but do double-check that you’ve secured all the locks in your home when you leave. (As a rule of thumb, it’s wise to put this into practice with your car as well to prevent auto theft.) Lock all doors – and don’t forget about the windows. After you lock up, leave a light on so that your home is never pitch-black. Ideally, you can set a timer on this light to reduce the risk of fire and give your home the appearance of activity.
    5. Light the way with LED.
      And speaking of leaving on a light, make a switch over to LED lighting. Even if you’re staying home, now’s the time to replace incandescent light bulbs with LED lighting. Create the perfect festive ambiance complete with LED-lit flickering candles and holiday lights while consuming less electricity and putting off less heat. Because the LED bulb is cooler, you greatly reduce the risk of fire – so go ahead and get your home on your neighborhood’s Tacky Light Tour!
    6. Don’t toy with small parts.
      When shopping for little ones, be sure to heed advisories about age-appropriate toys. Toddlers especially are likely to explore the world by taste, so you don’t want to purchase items with small parts. Read the packaging before you buy, and stay away from coin lithium batteries if you can.
    7. Let’s talk turkey.
      If you search YouTube for clips of turkey fryers, you’re likely to come across some fiery explosions that surely resulted in an ER visit. Keep yourself and your loved ones out of the hospital this holiday season by being extra careful while cooking. If you do opt to use a turkey fryer, keep a fire extinguisher at the ready and follow all instructions diligently.
    8. Drive responsibly.
      Tis the season to eat, drink and be merry. Just make sure you have a designated driver if you’re ringing in the New Year in a public place. Traffic tends to be more congested this time of year, so be mindful in the car and expect delays when you hit the road. Never text and drive.
    9. Be polite about politics.
      Hopefully dinner conversation won’t lead to filing a claim on your insurance policy, but 2016 was a divisive year in politics. If possible, stay off any controversial subjects that might disrupt the flow of good food and great company. If you do decide to go there, proceed with caution, respect the opinions of others, and present your views politely. (It only makes your argument stronger, anyway.)
    10. Call us if you need anything.
      As your insurance company, we’re here if you need us. Feel free to give us a call if you need assistance with your home, car or other insurance policies. Or, visit our Customer Care Center where you can access your insurance company’s claims department.

We wish you and your family a safe, happy, and healthy holiday season!


  • 0

Referrals for a Cause

Referrals for a Cause

We are excited to kick off our referral program, Referrals for a Cause. As a small business, we value the power of community, so we are launching a referral program that gives back - in your name, not ours! It's our way of saying thank you and sharing in what matters to you.

Simply refer a household or business and we’ll donate $10 on your behalf to one of the following local Richmond charities.

HOW IT WORKS:

  1. Have your referral contact us and request and receive a quote
  2. We will contact you directly for your choice of charity
  3. We will make the $10 donation in your name
  4. We hope you will make a direct donation, too. Click the Donate more buttons below.

 

CHARITIES:

Health Brigade (formerly Fan Free Clinic)

Health Brigade provides quality health services, especially to those least served, in a compassionate and non-judgmental environment. They are proud to be an inclusive organization and they do not discriminate in hiring practices, services or policy with regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, citizenship, pregnancy or maternity, veteran status, or any other status protected by applicable national, federal, state or local law.

DONATE


CARITAS

CARITAS helps our most vulnerable neighbors break the cycles of addiction and homelessness to reclaim their dignity. They provide effective, permanent solutions to individuals and families in the Metro Richmond area.

DONATE


FeedMore

FeedMore is Central Virginia’s core hunger-relief organization comprised of programs like the Central Virginia Food Bank, Meals on Wheels, the Mobile Pantry and Kids Cafe. Spanning nearly one-third of the state, across 34 counties and cities, FeedMore serves more than 200,000 individuals in the region’s most vulnerable populations – children, families and seniors.

Meals on Wheels

Meals on Wheels is focused on individuals who have no reliable means for maintaining a healthy diet. The Meals on Wheels program helps keep homebound seniors independent and in their own homes for as long as possible.

Meals on Wheels reduces isolation and reassures and comforts families who live far from loved ones, providing recipients with a friendly smile and that important safety check, making the program extend far beyond the meal. Pet food is also delivered monthly for clients with dogs or cats.

DONATE


ART 180

ART 180 creates and provides art-related programs for young people living in challenging circumstances, encouraging personal and community change through self-expression. Based in Richmond, Art 180 partners with other nonprofit organizations in order to serve youth, ages 8 to 18.

ART 180 also operates an art center for teens, called Atlas, in the Downtown Arts & Culture District. Through their programs, youth discover ways they can positively engage in and influence their surroundings.

DONATE


Sanctuary Rescue

Sanctuary Rescue is a small, foster-based dog rescue located in Midlothian, Virginia. They consist of dedicated animal lovers who open their homes to foster those that have been left behind. They pull dogs from high-kill shelters where they would otherwise not stand a chance. Sanctuary Rescue specializes in pregnant and nursing mothers, orphans and neonates who are especially vulnerable in shelters.

Sanctuary Rescue isn't just any rescue. They provide high-quality care for each and every dog they take in.

DONATE

 

THE FINE PRINT:

  • All are 501(c)3 organizations, so you will receive a tax deductible receipt to include in your tax return.
  • The referral you provide must receive a quote, but they are not required to make a purchase.
  • There is no limit to how many referrals you can send our way!

  • 0

New look. Same great service.

Category : Website

Welcome to the new and improved kmicoverage.com! Sierra and I hope you will take a look around and let us know how we can help you.

We have provided more information to better inform and assist you in solving your insurance needs. With improved navigation and better organized content, we look forward to being more of an insurance resource for the Richmond area. Here are a few of the changes we made:

  • Current customers now have better access to their insurer’s website or customer service centers to pay their bill or file a claim.
  • New customers can learn more about the various types of policies we offer and discounts you can receive just by being you – like good student, multi-car, bundling, and more.

No matter who you are, you should always revisit your current insurance and evaluate your needs. And, that’s where we come in. Let us show you how we can save you some money while getting you the best coverage possible.

Contact us today and we’ll be happy to review your existing policies or answer any questions you may have.

Kate Magee
Owner


Request Quote