Category Archives: KMI

Knight Magee Insurance Company in Richmond Virginia

Winter Storms

Are You Ready?

We admit it: As insurance pros, our picture of winter isn’t exactly cozy. Winter storms mean traffic snarls, hillsides turning to sheets of ice, and cars sliding around like hockey pucks. Cold temperatures can cause pipes to burst, frost swells and other damage. Heating your home with fireplaces and holiday lighting can increase the risk of fire.

A picture-perfect winter requires a few precautions 

Here are a few of our top tips to help reduce weather-related hassles this winter.

  • Winter-proof your car with good snow tires or chains, new wiper blades, antifreeze, and emergency road supplies.
  • Keep your attic cool to help prevent ice dams. Insulate the attic floor and make sure it is well-ventilated.
  • Do not overload circuits with holiday decorations.

When winter storms hit, be smart

  • If you do not have to drive, stay put. If you must drive, make sure you’ve winterized your car and have a full tank of gas.
  • When the air is cold, keep bath and kitchen cabinet doors open so warm air can circulate around pipes. If pipes do freeze, let them thaw normally—they’ll be less likely to burst.
  • And if the power is out, make sure you avoid leaving candles or fires burning unattended. If you use a portable generator, follow the instructions and do not use it indoors.

Know what your insurance covers

We want to help you rest easy. You will be more relaxed when you know you have prepared your property to lessen the chance of winter storm damage. If you have any questions at all about your coverage and/or deductible, call us at Knight Magee Insurance (804) 320-0129 and we will help you review your policy.


Knight Magee Insurance Company in Richmond Virginia

What to consider when hiring a contractor

Owning a home is rewarding and exciting! However, for most homeowners, looking to hire a contractor for a home repair or renovation is daunting!

Here are some things to consider when hiring a contractor:

Tip #1: Does your contractor have proof of insurance? It is important that your contractor carry insurance otherwise you could be left financially responsible for his or her negligence or mistakes. We always recommend that our clients obtain a copy of the contractors General Liability policy before any work is performed and if the contractor has a crew or employees ask for proof of Workers Compensation coverage. The General Liability policy will provide coverage for completed work and/or damage to your premises at the time work is being performed. Examples, the contractor scrapes your hardwood floor when moving in an appliance who hired him or her to install or the contractor wires something incorrectly and it later causes a house fire. The Workers Compensation coverage provides coverage for an employee’s work-related illness or injury.

Tip #2: Does your contractor provide references? Any reputable contractor should be able to provide multiple references for the same type of project you are looking to hire them for. This should also include photos depending on the type of work you are looking to have performed.

Tip #3: Does your contractor provide a contract? He or she should be willing to put both the scope of the project and bid in writing, if not, walk away!

Tip #4: Does your contractor use sub-contractors? This is common depending on the scope of a project. For example, you may hire a general contractor to oversee the entire project, but he or she may sub out certain work: electrical, framing, etc. It is important that those sub-contractors carry their own insurance.

Tip #5: Permits!!! We can’t emphasize this one enough. We work with a lot of clients who find faulty work down the line that could have been avoided with permits. Permits cost money yes, but the inspection process is meant to protect you from poor workmanship and to ensure everything is built to code!


Knight Magee Insurance Company in Richmond Virginia

Back to School

Insurance Tips for Back-to-School Time

College is expensive enough without finding out too late that an accident or theft isn’t covered under your current policies. So, as you get your children ready to head off to school in the fall, there’s one vital “to-do” to add to your list (other than writing that tuition check): a review of your insurance coverage.

It’s important to keep in mind that policy language varies from state to state, and there are never “one-size-fits-all” situations, but below is a general guide. If you have questions, or want to go over your insurance needs, don’t hesitate to contact us!

HOMEOWNERS (may vary by state and individual policy)

Coverage of personal property: Most homeowner’s policies provide 10 percent of Coverage C (Personal Property) for property owned by an insured that is at a residence other than the insured’s. For example, if the contents of a policyholder’s home are insured for $100,000, a student’s property up to $10,000 would be covered if living in a dormitory – provided the damage is caused by a covered peril and the student meets the definition of an insured.

For apartments or houses off-campus, the same coverage generally applies. Certain items, such as jewelry or expensive electronics, may require special coverage, or a “rider.” Renters insurance is strongly recommended.

Liability coverage: There usually is exclusion for damage to property rented to an insured, so generally damage to a dorm room or apartment would not be covered, unless the student carriers renters insurance.

Ensuring adequate coverage: Contact us to get specific answers and information about your coverages. Also, it’s a great idea to create an inventory of the items your student is taking to school, as is keeping photos of and receipts for the items.

Renters insurance: If your student’s needs can’t be met under your current policy, don’t forget renters insurance. Landlords’ policies generally only cover the structure, not the possessions of renters.

AUTO (may vary by state)

Coverage without a car at school: If your student will continue to drive while at home on school breaks, they should continue to be listed on your auto policy. If they are attending school more than 100 miles from home, and are not taking a vehicle with them, the policy may qualify for a distant-student discount.

Coverage with a car at school: In most instances, a car registered to parents and listed on their policy will be covered if used by a listed student away at school. But you should make sure that your insurance carrier writes coverage in the college’s state and location. And note that a change to the principal location of the vehicle could result in a change in premium.

Driving a friend’s car at school: Students generally would be covered while driving a friend’s car if the students are listed on their parents’ policy and do not have regular use of the vehicle. The coverage would likely be secondary in this case, as the carrier for the friend’s vehicle likely would be the primary coverage.

Coverage discounts: In addition to the possible distant-student discount mentioned above, students may qualify for a good-student discount. To qualify, most insurance carriers require that a student must be enrolled in at least four courses per term as a full-time student at an accredited college or university and meet certain academic qualifications. Also, drivers under the age of 21 who complete a driver education course may be eligible for a policy discount.

Going away to school is an exciting time for both students and their parents. Making sure you’ve got the right insurance coverage can help you protect your assets as you invest in your child’s future. We’re happy to discuss your coverage and options — just give us a call (804) 320-0129 or stop by!


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