AUTO - HOME - COMMERCIAL
Insuring Michigan Since 1979
We strive for professional, personalized, friendly service with the best possible rates!
Auto, homeowners, commercial or umbrella. We have the right coverage for you.
NO-FAULT INSURANCE is required by law in Michigan
Every owner of a car must buy certain basic coverages in order to get license plates. It is against the law to drive or let your car be driven without no-fault insurance
MI INSURANCE REFORM
WHAT YOU NEED TO KNOW TODAY!
Effective July 1, 2020 there is a new insurance law that changes many of the coverages on our Michigan insurance policies. We will be sending you new information as we hear from the insurance companies as they develop the new rules, rates and coverages.
MEANWHILE, there are 2 situations we feel it is very important you are aware of right now.
- If you have a non-relative currently on your insurance policy, the law states that they NOW need to be listed as a named insured (not just a driver on your policy) or they are NO LONGER COVERED for personal injury. If you have this situation, please contact your agent immediately!
- YOU NEED TO CONSIDER INCREASING YOUR LIABILITY COVERAGE! Why is this important???
Currently, if someone is injured in the state of Michigan in an automobile accident all their medical bills are covered under the no-fault portion of their insurance policy. You currently have UNLIMITED medical coverage. Effective July 1, 2020, people will have the option to purchase LIMITED medical coverage. There may also be an option to opt out of medical coverage altogether.
- WHAT DOES THIS MEAN TO YOU? This means lawsuits from auto accidents will significantly increase. While currently people can’t sue you for their medical bills in the state of Michigan because they are already covered, effective July 1, 2020, if you injure someone and they do not have sufficient coverage, THEY CAN SUE YOU FOR THE UNCOVERED MEDICAL BILLS.
- THE PROBLEM IS….Your policy likely does not renew July 1, 2020. An example, If your policy renews September 1, 2020 and you have an accident and injure someone August 15, 2020, your currently bodily injury liability limit will apply. What previously might have been sufficient, may no longer be enough.
- Effective renewals following July 1, 2020, the state of Michigan Insurance bureau will require all insurance companies to renew their clients with bodily injury liability limits of $250,000/$500,000. This in no way implies that this limit will be sufficient to cover your liability needs. We are recommending that you review your liability coverage and consider increasing your liability coverage NOW to a higher limit than you currently carry, so that effective July 1, 2020 you will already have increased coverage in effect.
- HOW MUCH COVERAGE IS RIGHT FOR ME? That is a conversation that your agent can guide you in. We also have $1,000,000 Umbrella liability policies available that give you an additional $1,000,000 coverage for liability.
You’ve worked hard to gain the assets you have. It is important to protect yourself from expensive lawsuits and have peace of mind. Give us a call and we will be happy to answer all your questions.
Experiencing a major insurance claim or lawsuit could lead to personal financial loss if costs exceed coverage provided by your standard homeowners and auto policies.
With insurance laws changing in Michigan, umbrella policies are more necessary than ever. Up until July 1, 2020, every driver in Michigan has unlimited medical coverage on their auto policy. This coverage greatly reduces lawsuits for personal injury. However, after July 1, 2020, people will have an option to significantly reduce their medical coverage, which will greatly increase the personal injury lawsuits in the state of Michigan.
An umbrella policy is an extra liability policy that covers you over and above your personal auto, home and recreational vehicle insurance.
It’s very important to review your auto insurance policy with your independent agent prior to July 1, 2020.