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Premier Personal and Business Insurance Products in Virginia

Goodrich & Watson

You can rely on the experts at Goodrich & Watson when you need insurance coverage for your home or business. As the premier insurance provider in Virginia, we are dedicated to helping you protect your family and mitigate business risks.

Personal and Business Insurance Products

Our industry expertise enables us to partner with top-rated insurance companies to provide comprehensive insurance solutions. Some of the insurance products our agents at Goodrich & Watson offer include:

  • Personal. Our personal insurance products range from auto insurance to high value homeowners insurance to protect your family and valuables against unforeseen losses and accidents.
  • Business. Our business insurance programs offer competitive pricing and customized features to meet your needs, including crime and fidelity insurance, cyber liability, and much more.
  • Specialty. We review your current insurance coverage to ensure it appropriately protects your unique exposures and can tailor programs that cater to a variety of industry niches.

Our professionals will work with you to provide affordable options for your business or personal insurance needs.

Serving Your Individual Needs

As a trusted, independent insurance agent, we offer a complete portfolio of insurance products. The wide range of business and personal insurance coverage through Goodrich & Watson means we can obtain a competitively priced solution that is ideal for you.

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The Importance of Renters Insurance for Millennials

Renters Insurance NJ

The Millennials generation is getting older. The oldest of this generation have been out of college for a few years now and many of them were forced to move back in with their parents when the recession hit. However, these same young adults, as well as the ones who have graduated after them, are starting to move out of those safe homes and into the housing market.

 

Unlike their parents, millennials have shown a preference for renting rather than actually buying a house. Perhaps this is because of their initial struggles moving out and their vivid memories of the recession. Whatever the cause, it is important for these young adults to make sure they are covered by NJ renters insurance.

 

This generation faces constraints that their parents most likely managed to avoid, such high debt levels as a result of student loans. This debt, as well as tighter credit standards that lenders now impost on potential borrowers, is preventing them from becoming homeowners, but could also prevent them from making the smart decision to get NJ renters insurance.

 

In fact, according to a 2013 survey from the Insurance Information Institute, only 35% of renters had insurance coverage, as opposed to 96% of homeowners. This may be because millennials, many of whom are new to living on their own, assume that their landlord’s insurance will cover them. However, what they do not realize is that their personal possessions are not covered if stolen or damaged without the possession of NJ renters insurance.

 

While this benefit should be enough to convince these college graduates to invest a little bit of their money into renters insurance, another benefit that it typically provides is coverage of living expenses should the rental space be inhabitable do to a fire or other disaster on the coverage list.

 

Most recent college graduates are certainly low on cash and are looking for the cheapest way to live while they start their careers and save their money. However, at an average of $12 – $15 per month, renters insurance should be a no brainer, even for the most cash-strapped graduate because of what it can save them if anything were to happen to them or their property while renting that first apartment.

 

photo credit: kadluba cc
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Infographic: Connecticut Renters Insurance

Connecticut Renters Insurance

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Renters Insurance from Byrnes Agency

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Infographic for Renters Insurance

Orlando Florida Renters Insurance Courtesy of: Renters Insurance from Newman Crane & Associates Insurance, Inc.

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