Insurance in Everett WA: Your Essential Local Protection Guide

• Auto and Home Insurance in Everett WA •

With Everett experiencing one of the highest auto theft rates in Snohomish County, residents purchasing insurance in Everett WA should carefully consider their comprehensive insurance coverage and deductible levels. The city’s elevated property crime statistics, particularly in vehicle-related incidents, suggest that having robust insurance coverage with a manageable deductible could provide valuable peace of mind.

*Crime data sourced from the Washington State Statistical Analysis Center’s Criminal Justice & Statistics Center (2023), available at https://sac.ofm.wa.gov/data

• Flood Insurance in Everett WA •

Everett, Washington, is located along the Snohomish River. For residents living in specific areas near the river, insurance in Everett WA has important considerations to keep in mind. Homes in Everett along the Snohomish River east of I-5, south of where it crosses the river, and on both sides of I-5 north of that point are located in a federally-designated Special Flood Hazard Area. Homeowners in these areas must purchase flood insurance to secure a loan for (mortgage) their property. The requirement is in place to protect homeowners from the significant financial risks associated with flooding in these low-lying areas. Everett flood insurance, available through the National Flood Insurance Program, averages $1155 per year, providing much-needed financial protection in the event of a flood.

• Boat Insurance in Everett WA for Permanent Moorage •

For boat owners seeking permanent moorage at one of the Port of Everett marinas (North Docks, Central Docks and South Docks), those purchasing insurance in Everett WA insurance should be aware of local requirements. Marina management mandates that boat owners have Protection and Indemnity (P&I) insurance with comprehensive coverage and limits of at least $500,000 per occurrence. This coverage should encompass general liability, legal liability, pollution liability, and any other liabilities as required by law. This insurance requirement ensures that boat owners are financially protected in the event of accidents, property damage, or other unforeseen incidents that may occur while docked at the marina.

• Business Insurance in Everett WA for City Contractors •

Businesses that provide services to the city must have insurance in Everett WA that adheres to specific insurance requirements outlined in their Purchase Orders (POs). These insurance mandates are in place to protect both the businesses and the city from potential liabilities and risks associated with the work being conducted. The required insurance coverage includes:

Commercial General Liability Insurance: Businesses must maintain an occurrence-based policy with a minimum limit of $1,000,000 per occurrence and an annual aggregate limit of at least $2,000,000.
Business Automobile Liability Insurance: This policy is required with a minimum limit of $1,000,000 per occurrence, covering any automobile used in the work specified in the PO. Alternatively, businesses can provide a statement certifying that no vehicles will be used in the performance of the work, thereby waiving this insurance requirement.
Professional Errors and Omissions Insurance: If specified on the PO, businesses must carry this policy with a minimum limit of $1,000,000 per occurrence and an annual aggregate limit of $1,000,000. The City of Everett may approve claims-made coverage for this requirement.

• Special Event Insurance in Everett WA •

Insurance in Everett WA also has specific requirements for special events held within the city limits. These requirements are designed to ensure that event organizers and the city are adequately protected against potential liabilities:

Commercial General Liability Insurance: Applicants must have a minimum limit of $1,000,000 combined single limit per occurrence for property damage, personal injury, and death.
Duration of Coverage: The insurance must remain in force for the entire duration of the event, including setup and teardown.
Additional Insured: The City of Everett must be added as an additional insured on the policy.
Primary Coverage: The policy should provide primary and non-contributory coverage, meaning it responds first in the event of a claim, without seeking contribution from the city’s insurance.
Waiver of Subrogation: The policy should include a waiver of transfer of recovery rights (subrogation) to ensure that the insurance company does not pursue the city for damages.
Participant Legal Liability: For competitive athletic events, participants must sign a sponsor’s indemnification form releasing the city from all liability. If such a form is not used, Participant Legal Liability coverage must be included in the event insurance.
Business Automobile Liability Insurance: If vehicles are used for more than nominal and standard commuting purposes during the event, a policy with a minimum limit of $1,000,000 combined single limit per occurrence is required.
Liquor Liability Insurance: If alcohol is served at the event, applicants must have Liquor Liability coverage with a minimum limit of $1,000,000 combined single limit per occurrence. Host Liquor Liability coverage is acceptable when alcohol is served to guests free of charge, but it is not sufficient for beer gardens or other alcohol sales.

• Recommended Insurance in Everett WA •

Home Insurance: Like most cities, Everett homeowners are encouraged to have adequate home insurance coverage to protect against various perils, including fire, theft, and natural disasters.
Renter’s Insurance: Renters in Everett should consider renter’s insurance to protect their personal belongings and provide liability coverage.
Business Insurance: Businesses operating in Everett may need to comply with various insurance requirements, including workers’ compensation, commercial property insurance, and professional liability insurance, depending on their industry and specific risks.
Health Insurance: While not specific to Everett, Washington state has its own health insurance marketplace, and residents are encouraged to have health coverage to access healthcare services.
Boat Insurance: For boat owners in Everett, boat insurance is essential to protect against accidents, theft, and damage to watercraft.

Whether you’re a homeowner, boat owner, business owner, or event organizer, maintaining proper insurance in Everett WA is essential for protecting your interests and complying with local regulations. Regular consultation with licensed insurance professionals who understand Everett’s specific requirements can help ensure you maintain appropriate coverage levels while managing insurance costs effectively. Many residents find that bundling different types of coverage through a single provider can result in significant premium savings while simplifying the insurance management process.

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Insurance Topics

Types of insurance

Home

Homeowners · Condo · Townhome · Mobile Home · Tiny Home · Manufactured Home · Landlord · Renters · Earthquake · Flood · Property · Mortgage · Land Movement

Vehicle

Auto · Motorcycle · RV · Side-by-side · ATV · Dirtbike · Jetski · Boat · Yacht · Sailboat

Life

Term Life · Universal Life · Variable Universal Life · Whole Life

Business

Bond and Surety · Business Owner · General Liability · Professional Liability · Directors and Officers Liability · Errors and Omissions · Inland Marine · Tools

Other

Aviation · Personal Liability (Umbrella) · Crop ·

Insurance Requirements in Snohomish County

Insurance Requirements for Licenses, Permits, and Activities

Insurance Requirements by City

Everett · Marysville · Bothell · Edmonds · Lake Stevens · Lynnwood · Mukilteo · Arlington · Mill Creek · Snohomish

Washington State Insurance Industry Terminology

Act of God · Adverse Selection · Actual Cash Value · Cash Value · Broad Form · Broker · Cancellation · Claim · Claims Adjuster · Deductible (Co-insurance, Copayment, Out-of-pocket Expense) · Declarations Page · Explanation of Benefits · Force Majeure · Full Coverage · Indemnity · Insurability · Insurable Interest · Insurance Fraud · Insured-to-value (ITV) · Proximate Cause · Replacement Value · Risk Pool · Self-insurance · Total Loss · Hazard · Peril · Underwriting · Termination · Non-renewal · Inspection · SR-22

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