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Hart Insurance Agency

33301 1st Way S, Suite C130,
Federal Way, WA 98003

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Home Construction Costs and Your Homeowner Policy

You have probably heard that construction materials costs have increased substantially recently. The National Association of Home Builders recently reported that lumber costs are up 283% over the last year and 85% for 2021 so far. Virtually all building materials are jumping in price. Labor costs are up 25-30%. One reason is the pandemic which caused slow-downs in factories and deliveries and an increase in demand for remodeling. Another is historically low interest rates.

When it comes to your homeowner or condo insurance, the cost to repair or replace your home is higher than usual right now. We can explain your coverage limit and help you understand how it would work in the event of a loss. Each company’s coverage provisions are different. Text, email or call us if you would like to review your coverage and be sure you are protected. While we’re at it, why not have us review all of your coverages and credits? If your homeowner insurance isn’t with us now, this is a good time to talk to us about the discounts for bundling.

For Earthquake insurance, you will want to check with us on the coverage for that policy too. Earthquake policies are settled on a replacement cost basis. That means unlike most Homeowner policies, the limit on your policy is the most the insurance company will pay.

If you are a renter it is more important than ever to have renters insurance. Renters insurance covers your Contents and most importantly, your Liability, but did you know it covers extra expenses also? If the house or apartment you live in is damaged and they can’t rebuild right away, renters insurance provides living expenses to offset your costs. If you don’t have Renters insurance now, we are happy to give you a proposal.

On an ongoing basis, be sure to tell us about changes you have made to your home. If you have added square footage or upgraded materials in your house, we will want to be sure those features are accounted for in your home value.

Hopefully this construction material and labor inflation will pass soon, but in the meantime, we are here to explain your coverages and provide the best value for your situation.

We value your trust in us to manage your insurance.

What are the rules for classic car insurance?

Do you believe your old, refurbished automobile is a classic car? It is time to get it insured. In order for a car to qualify as a classic car, for insurance purposes, you must have another car that is your daily use vehicle. When you insure your classic car, the company that writes your policy may limit the annual miles driven.

Do you live in Washington and need to insure a classic car? An agent at Hart Insurance can help. We can help in determining if your car meets the guidelines of being rated a classic car. In addition, we can write you a policy that will give you the amount of coverage needed to protect your asset.

The caring agents at Hart Insurance are here for your classic car insurance needs. If you live in Wasington, give us a call.  You will see Hart Insurance is more than just a name–we put our heart into insuring your classic car.

Servicing States

  • Washington

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Partner Companies

  • Cbic
  • Encompass
  • Foremost
  • Geovera
  • Hagerty
  • Mutual Of Enumclaw
  • Palomar
  • Progressive
  • Red Shield
  • Safeco
  • Travelers