Members of Davis Health May Be Able to Save on their Home and Auto Insurance
We know quality insurance at an affordable cost is important, that is why we're excited to share our partnership with Blue Ridge Risk Partners. This collaboration is all about ensuring you receive exceptional coverage at competitive rates. For all your personal insurance needs, don't hesitate to reach out to the Blue Ridge Risk Partners family, and experience the outstanding service you deserve.
How It Works
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If you prefer a different method of assistance, rest assured that all our members receive personalized support from a dedicated account executive for any inquiries.
Shelia Bailey
Account Executive
304-848-6392
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The Blue Ridge Way
We are more than just insurance; we are your risk management partners. With access to over 150 carriers and licenses in all 50 states, when you partner with us, you move forward with confidence, knowing that you have secured competitive pricing and comprehensive coverage.
In 2020, three highly regarded and successful independent agencies in the Mid-Atlantic region came together to create Blue Ridge Risk Partners, which has since become one of the top 75 agencies in the United States. This strategic merger enables us to offer innovative products that are advantageous to your organization and its members. The consolidation of our entities has bolstered our capacity for organic growth and strategic partnerships, improved operational efficiency, facilitated investments in cutting-edge technology, and, most importantly, enabled us to offer exceptional products that can better serve your members.
With a presence in 27 offices across Maryland, West Virginia, Pennsylvania, and the Washington D.C. market area, Blue Ridge Risk Partners delivers customized risk management and insurance solutions to over 35,000 clients and counting. We are deeply committed to forging strong partnerships with organizations like yours, providing exclusive products that benefit both your members and your institution.
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Personal Inland Marine Insurance
If you are purchasing or already purchased a high-value item, it is important to reach out to your insurance agent to verify that it is insured. In many cases, your typical homeowner’s policy may not cover the full value of the item so you may need additional coverage. This is where Inland Marine Insurance comes in handy. It is used to insure valuable personal property that often needs broader coverage than your standard homeowner’s policy provides.
What is Personal Inland Marine Insurance?
Personal inland marine insurance, also known as scheduled personal property, can provide coverage for your personal property that is typically limited under property coverage, such as items of high value or that are rare or unique. The coverage helps with the cost to repair or replace the covered property item that is damaged due to covered events. Events typically covered include theft, fire, wind, hail, or water damage.
What does personal inland marine insurance typically cover?
Property that is being transported
Property that moves or will be moved between locations
Electronics
Fine art
Furs
Cameras
Golf Equipment
Jewlery
Silverware
Firearms
Coin or stamp collections
Inland Marine Insurance in Use
Let us say you have $600,000 of homeowner’s coverage, and your $30,000 engagement ring was stolen. You cannot simply apply your total homeowner’s coverage to the $30,000 ring. Jewelry is considered high-value property that can be easily lost or stolen, so coverage limits are typically specified in your policy. The maximum payment you may receive for the jewelry in this example under a standard homeowners' personal property coverage is typically between $1,000 to $2,000 but vary depending on your specific policy. Bottom line in this example, unless you have this jewelry item listed for coverage at a specified value of $30,000, you would only receive the sub limit of $1,000 – 2,000.
In this instance, you would want to have an inland marine/scheduled personal property policy in place to protect your jewelry – this additional endorsement would cover the full value listed for the item.
Do you need additional coverage? Or would you like to find out if you need additional coverage? Reach out to us today and we will review your current policy to ensure you have our best coverage.
