Your home is one of your largest investments and home insurance can be confusing. We will provide you with a complete analysis of your home insurance needs and help you to determine the coverage that is right for you!
We will make sure you understand:
Why does the market value differ from the replacement cost?
How to determine Replacement cost
Coverage for your possessions
Extra living expenses in case of a disaster
Liability-In the event you are sued
Do I need any of the following?
Valuable Articles/Floater policies
(i.e. Jewelry, furs, coins)
Umbrella policies (additional liability)
Landlord Protection Insurance
VEHICLE, MOTORCYCLE, BOAT, TOY AND RV COVERAGE
You work hard and we know it's important to you not to pay too much, but just as important to have the right coverage in the event of a claim. We'll help you to do just that!
Auto Insurance – Get the right insurance coverage for your car, truck, van or other vehicles.
Motorcycle Insurance – Ride safe and insure your motorcycle.
ATV and Motorsport Insurance – Insurance policies that cover all your toys.
Classic Car Insurance – Your classic car is an icon. Insure it well.
RV Insurance – Home insurance for your home-on-the-road.
Boat and Watercraft Insurance – Insurance coverage for the captain of the ship.
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 2, 2020, every driver in Michigan has unlimited medical coverage on their auto policy. This coverage greatly reduces lawsuits for personal injury. However, after July 2, 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 2, 2020.
What does Commercial General Liability Insurance cover?
Commercial General Liability Insurance offers some of the broadest business insurance coverage available today. It is included in our Business Owner’s Policy and is available as stand-alone coverage. Here are a few of the risks a business could face that we can help protect against:
Bodily injury or property damage – Helps protect against certain claims businesses for claims alleging financial loss due to property damage or bodily injury arising out of your business operations or products.
Reputational harm – Helps protect against certain claims of false arrest, malicious prosecution, libel, slander, wrongful eviction, violation of the right of privacy and more.
Advertising errors – Helps protect against certain claims your business if others claim you infringed on their copyrights when advertising goods, products, or services in your advertisement.
Medical payments – Helps protect against certain claims medical costs if someone is injured on business premises and needs medical treatment.
Damage to premises rented to you – Helps protect against certain claims businesses for damage to premises rented to you due to fire, lightning or explosion.
What does a Business Owner’s Policy
Business Property Insurance
Property insurance can help protect the property your business owns, leases or rents, including things like buildings, equipment, inventory, furniture and fixtures. It provides coverage for loss of accounts receivable and valuable papers and records.
Business Liability Insurance
When it comes to liability protection, the broader the coverage the better. That's why a BOP provides business liability insurance that helps cover your business in the event it is sued for causing harm to a person and/or damage to property. It also helps cover the cost of your defense – because businesses can be sued even if they did nothing wrong.
Business Income Coverage
If unexpected events cause a suspension of your operations resulting from a covered cause of loss, BOP insurance will help replace the loss of income to help you meet your continuing financial obligations such as rent or payroll.
No-Fault Reform Creates Options for Personal Injury Protection (PIP) beginning July 2, 2020
One of the most talked-about changes to No-Fault Auto laws in Michigan is the option to choose unlimited PIP or a lower PIP coverage limit. The choice you have to lower your PIP limit is intended to lower your insurance costs. However, these choices also create the possibility that your PIP coverage won’t be enough to cover your medical costs from an auto accident. What this means to you is that you’d need to sue the at-fault party to cover your unpaid medical expenses. (Assuming there’s an at-fault party to sue!)
We’ll Soon Be Seeing More Lawsuits and Higher Awarded Damages
If you injure someone in an auto accident who didn’t choose unlimited PIP coverage, they could sue you for their uncovered medical and related costs. The liability coverage on your auto policy would respond by providing you with legal protection and if necessary paying awarded damages. It’s time to take another look at how much liability coverage we have on our auto policies!
An Umbrella Policy Offers You the Best Protection in the Event of a Lawsuit
The Umbrella Policy is the ultimate “lawsuit protection policy”. It provides additional liability coverage over and above (hence the term “umbrella”) your home and auto policies.
How much will an umbrella policy cost you? On average you can get one million dollars of coverage for less than $15 a month. Dollar for dollar it is one of the least expensive policies you can buy. Plus many insurance companies will offer you multi-policy discounts when you purchase an umbrella policy that will lower what you pay for home and auto insurance.
Is Your Financial Future Protected If You Are In An Accident?
Want more “peace of mind” regarding lawsuits? Please contact us today! We can talk you through your current policy limits, and how the Umbrella policy can protect your financial future!