Here at the Hood Insurance Agency, an insurance agency in Lynnwood, WA our core values are honesty, integrity and a commitment to the long-term servicing of our clients. Our recommendations are always made with the best interests of our clients in mind, and accompanied by supporting reasons for the recommendations. Sometimes the truth is a hard thing to hear, and no one likes to deliver bad news, but we believe that it is our responsibility to tell our clients the full truth so that they can make fully informed decisions.  Once our clients have our recommendations and rationale, we can begin the discussion of where we find the best balance between value and price.

The team at the Hood Insurance Agency specializes in helping people protect their homes, businesses and their budgets. Related services include helping protect recreational vehicles like motorcycles, ATVs/UTVs, travel trailers and RVs. We help protect people who are just starting a business or have just purchased their home. Our experience stretches from general contractors in building new homes, remodeling existing ones, plumbers, roofers, electricians, etc. through software development companies, restaurants and everything in between. We love a challenge! “The difficult we do right away. The impossible takes a little longer.”

Bundling discounts are our favorite, because they affect every policy in the household. So an auto/home bundling discount gets a discount both the auto insurance and the homeowners insurance. Add an umbrella policy and all three policies get an additional discount. Insure your business with the same carrier and all of the policies get yet another discount. Have a boat, motorcycle, RV or ATV? Insure it with the rest of the policies and all policies get another discount! In addition, there are discounts available for some professions (even if you have retired) like law enforcement, or are a doctor, dentist, pharmacist, pharmacist assistant, RN, firefighter and many more. There are even discounts for having a degree in some areas, so be sure to let us know what your degree is in if you have one. There are discounts that are specific to a particular policy type, like the discount for the SIgnal safe driving program, or the Good Student Discount that both apply to auto insurance policy or the non smoker discount for homeowner policies. So it’s highly likely that you’ll get at least one discount and quite possibly multiple discounts.

The best references come from people who have worked with us. Take a look at our Google Reviews to see what our clients have to say!

You get a dedicated team of professionals who work with you not only to create the right policies for you, but also to help with issues down the line. Billing problem? Call the team, explain the issue and go back to your life. We’ll give you a call when it’s resolved and stay in touch until it is.

Wondering if it’s worth filing a claim over something? Call the team and we’ll help you walk through the pros and cons. Problems with a claim? Call the team and we’ll go to bat for you, working with the adjuster, escalating as necessary and handling all the back and forth until the problem is resolved, leaving you to live your life while we do the work.

Coverages –

Dwelling This is what the valuation program predicts it will cost to rebuild your home after a total loss. Without any endorsements, this is the maximum amount that your policy will cover to replace the home. 

Separate Structures Any building that is not physically attached to the home gets covered under this section. Detached garages, sheds, pool houses, barns, fences, and so on. 

Personal Property Covers your personal belongings – furniture, clothing, electronics, etc. High-value items such as jewelry, collectibles, art, or firearms will need to be noted specifically on the policy.

Loss of Use If you’re unable to live in your home after a loss while repairs are taking place, this coverage will provide for the costs of your temporary relocation. 

Personal Liability If a lawsuit is filed against you, this coverage may help you cover your lawyer, legal expenses and settlement costs. We highly recommend that your liability coverage exceeds the value of your home, as if you lose the suit – they will go after your assets. We also suggest an umbrella policy to make sure you are best protected against a liability claim. 

Medical Payments to Others This coverage helps pay for small injuries to your guests. Though the amount is limited, this can help prevent escalation to a lawsuit. 

Recommended Endorsements 

Guaranteed Replacement Cost Regardless of the cost to rebuild, repair, or replace your home, the insurance carrier will pay for it. 

Limited Matching In the event the insurance carrier is unable to find repair materials identical to your siding or roofing, they will spend up to $30,000 to replace the undamaged material around the damaged area so that the entire side will match. 

Identity Fraud Covers expenses related to Identity Fraud up to $30,000 

Residential Glass Coverage This removes the deductible for glass damage to your home (windows, sliding glass doors, French doors, skylights, etc) and does not count glass claims when determining your premium. Thus, glass damage is repaired at no cost to you, and there is no increase to your premium as a result of filing these claims. 

Service Line Covers physical damage to covered service lines that is the direct result of a service line failure (e.g., a leak, break, collapse, etc.), as well as any necessary excavation costs to repair the damage. Covered service lines are the underground piping or wiring located on the property for which homeowners are legally liable for repair or replacement (e.g., the sewer line from house to street, the water line from house to street/meter, power lines or electrical wiring, and communication or data transmission wiring). 

Endorsements 

Extended Replacement Cost The insurance carrier will rebuild your home for up to 110%, 125%, or 150% its dwelling limit. 

Tree/Shrub Covers removal or replacement of damaged or downed trees/shrubs due to wind or hail. 

Extended Sewer/Drain Backup Protects you in the event that there is a failure of French drains/sump pump/septic tank, or a backup of your sewer/drain system that is caused by something outside the footprint of the home. This optional coverage is adjustable between $5,000 and $50,000.

We begin with a review of the business, it’s assets and it’s revenue. Working with the business owner, we identify risks that may need to be protected against. Most business owners have things like materials, finished products and tools. They have may an office or shop that would need to be rebuilt or repaired after a loss. Even if they rent the space, typically the landlord’s policy will simply repair the interior walls, floor and ceiling. Anything else, like counters, benches etc, is often up to the tenant to replace. We review employees, if any, and recommend appropriate options for protecting the business against claims of unfair hiring/firing, employee dishonesty and so on. Once we have identified the risks, we work with the business owner to determine which ones need to be insured against through the business policy and which risks the business owner is comfortable handling without adding them to the policy. Businesses grow and change, and so we also offer annual reviews to be sure the policy still fits the business and suggest changes as appropriate.

The short answer? We don’t. We are consultants, here to work with you in determining your insurance needs. We’ll provide data, research and offer recommendations but at the end of the day, you are in the driver’s seat.

Through bundling and other discounts wherever available, and by making sure your policies are written to insure the things that matter and limiting or removing coverage for things that are irrelevant or unimportant to you.