Personal Insurance

Auto Insurance

When You’re On The Road, We’ve Got You Covered

If you’re on the road, you need Auto Insurance. Liability coverage is mandated by the State of Michigan. And, if you have a lien on your vehicle, the lienholder may require you to carry collision and comprehensive coverage as well.

But how much insurance do you really need?

What Am I Covered For?

There are three types of Auto Insurance coverage: Basic Liability, Collision, and Comprehensive. Liability can be purchased alone, Liability and Comprehensive may be paired together, or all three can be bundled for a traditional “Full Coverage” insurance policy.

• Basic Liability coverage protects your assets in case you are sued or found to be at fault in an accident. It also covers personal injury and property damage. This particular coverage is what you’re legally required to carry with your vehicle. (This is sometimes still referred to by the outdated term ‘PL/PD.’)
• Collision policies cover any damages done to your vehicle due to the collision with another car or a stationary object like a curb or a tree. (This is usually paired with Comprehensive coverage.)
• Comprehensive insurance will cover you in instances of non-collision damage, such as theft, fire, taking a rock to the windshield, or hitting a deer. This is designed to cover most non-collision damage to your vehicle, with the exception of damage caused by wear-and-tear.

How Much Should I Pay For Auto Insurance?

Every commercial insists that you can “save money” on car insurance – but how much should you really be paying? Insurance is incredibly personal, and the premium of any policy is influenced by factors like type and age of vehicle, age and number of drivers, driving record, insurance score, and even your zip code. (Factors that don’t matter: your marital status or gender.)

If you’re interested in discovering a package and price that’s right for you, contact us at (517) 694-0149 to learn more.

Homeowner’s & Renter’s Insurance

There’s No Place Like Home. Protect It.

Whether you rent, lease, or own your own home – you want to make sure that you’re covered in case of an emergency. If you have a mortgage, your mortgage company will most likely require you to carry some sort of Homeowner’s Policy. Certain apartment complexes may require you to carry Renter’s Insurance, as well.

What does your Homeowner’s Insurance Policy cover?

What Am I Covered For?

Your average Homeowner’s Policy has three elements to it: liability, structure, and contents. These packages are usually bundled together for a Homeowner’s Policy. (Renter’s Insurance is mostly focused on protecting contents.)

• Structure coverage involves the actual building. If a tree falls on your roof, a pipe bursts in your wall, or a fire occurs – this coverage ensures that repairs to your home itself will be taken care of.
• Contents coverage protects the value of the objects within your home.
• Liability coverage will protect you in case you are sued or found liable for any personal injury or damage caused by your property. If you are the target of a lip-and-fall lawsuit, if your dog bites, if someone is injured on a trampoline or swimming pool on your property.

An Important Note: it’s commonly assumed that flood damage is covered by Home Insurance Policies. But for most policies, this is not the case. This type of damage usually is covered by a separate Flood Insurance Policy. If you live in an area prone to flooding, talk to your insurance expert be sure that you have the coverage that you need!

How Much Should I Pay For Homeowner’s Insurance?

The pricing of Homeowner’s Insurance Policies can be influenced by factors like the age of the home, the owner’s insurance score, zip code, levels of coverage selected, and even the characteristics of the home. (Things like swimming pools, flat roofs, or owning certain dog breeds can all impact your policy. ) If you’re interested in discovering a package and price that’s right for you, contact us at (517) 694-0149 to learn more.

Inland Marine Insurance

We Protect What’s Valuable To You.

You want to protect that thing. Whether it’s your wedding ring, gun collection, or 75 inch TV – everyone has their prized possessions. But what might shock you is that your prized possession may not be fully covered by your Homeowner’s or Renter’s policy in case of accidental loss, damage, or even theft. And even if it is, you’ll still have to pay your policy’s full deductible if you file a claim.

That’s where Inland Marine Insurance comes in.

How Does It Work, And What Am I Covered For?

Inland Marine Insurance works alongside your homeowner’s or renter’s policy to provide additional coverage for specific, designated items. These items tend to be high-value items like:

• Jewelry
• High End Computers & Electronics
• Guns & Sporting Equipment
• Camera Equipment
• Fine Art
• And more!

But really, it can cover anything you choose to cover. The entire value of the object is covered, (usually with no deductible,) and it’s covered in most circumstances: including mysterious disappearance.

How Much Should I Pay For Inland Marine Insurance?

Inland Marine Insurance is specified and targeted for whatever item you appraise and schedule. Once a value of the object is determined, your premium is calculated. It’s usually quite affordable: most of our Inland Marine policies average around $15 per year for every $1000 worth of inland marine coverage. To make it easy for you, we often attach these to your homeowner’s policy.

If you’re interested adding an Inland Marine policy for your most prized possession, contact us at (517) 694-0149 to learn more.

Personal Umbrella Insurance

Maximum Coverage For Maximum Peace Of Mind

When you carry a Homeowner’s or Auto Insurance policy, you are protecting yourself from liability in case of an accident. But every policy has a coverage limit. What happens if you are sued for more than your maximum coverage?

That’s where an Umbrella Insurance policy comes in.

What Am I Covered For?

Consider this: you’ve been in a car accident, and you’ve been sued. The judgement against you is one million dollars. But your Auto Insurance policy only covers $500,000 worth of coverage. Without an umbrella policy, you are personally liable to pay the rest of that judgment out of pocket. But if you had $500,000 worth of Umbrella coverage, you wouldn’t have to worry.

You determine how much Umbrella coverage you’d like to carry, but we recommend that, between your policies, you have enough to cover your net worth. This way, you can ensure that you have enough coverage that your personal assets won’t be at stake.

Important Note: If you’re young, with a low net worth, don’t think you’re safe. Judgments can be collected based on your potential net worth. If you have 40 more working years, you might be paying off that judgment for a long time. It’s worthwhile to calculate your potential net worth to determine the amount of umbrella coverage that’s right for you.

How Much Should I Pay?

Umbrella coverage is quite affordable! $1 million in coverage is often less than $300 per year. Cost factors include policy holder age, how many homes and vehicles are owned, and how many drivers (especially young drivers) are on the corresponding auto policy. If you’re interested in discovering an umbrella package that’s right for you, contact us at (517) 694-0149 to learn more.