Where Your Standard Policy Ends is Where the Umbrella Begins

Insurance serves multiple purposes. For some, it’s a cushion that offers peace of mind following an accident or unexpected incident. For others, it’s responsibly protecting investments like homes and vehicles. Regardless of the reasons for acquiring insurance, every policyholder wants to ensure they have adequate coverage. That’s why residents from and around the larger Detroit, MI area trust Premier Insurance Agency for all their umbrella insurance needs.

Ensure Ample Insurance Protection

You might think your existing home or auto insurance policy is sufficient, but what about possible contingencies? What if your coverage isn’t enough when an unforeseeable event strikes? The experts at Premier Insurance Agency can help. They identify gaps in your current coverage and help you understand if your insurance suffices for all the ‘what ifs’ and ‘unless…’

This is where an appropriate umbrella insurance policy becomes invaluable. It can step in when your standard insurance coverage exhausts and caters for things your regular insurance doesn’t cover. With umbrella insurance, you can be confident about having sufficient coverage. And that’s the whole point of umbrella insurance – to keep you covered.

Claim Your Comprehensive Umbrella Insurance Solutions with Premier Insurance Agency Today

If you’re residing in the Detroit, MI, area and are contemplating whether an umbrella insurance policy would benefit you, the approachable and professional team at Premier Insurance Agency can assist. Contact us to learn more about how umbrella insurance works and put the broad coverage of umbrella insurance to work for you. When you want certainty, umbrella insurance provides the reassurance you deserve.

Contact Premier Insurance Agency for Comprehensive Insurance Solutions Today!

Master Policy vs. Individual Unit Coverage for Condo Insurance

Understanding Condo Insurance Levels for Optimal Protection

Condo insurance plays a vital role in protecting your investment and personal belongings in a condominium unit in Detroit, MI. However, the different types of condo insurance, namely master policy and individual unit coverage, require understanding to ensure optimum protection.

Master Policy Coverage: What Does It Entail?

The condominium association typically purchases a master policy to cover common areas such as the building structure, hallways, elevators, and shared amenities. This policy caters for damage to the building’s exterior and liability for accidents in common areas but usually doesn’t extend to individual units or the personal belongings of unit owners.

The Importance of Individual Unit Coverage

Individual unit owners must purchase individual unit coverage, or HO-6 insurance, to secure their personal property and liability. This vital policy covers damage to the interior of the unit, fixtures, appliances, and personal belongings. It also provides liability protection should someone sustain injuries within the unit or the owner be found responsible for damaging another unit.

Identifying and Bridging Coverage Gaps

While the master policy caters to damage in the common areas, it may leave coverage gaps concerning individual condo units. Let’s consider a scenario involving a burst pipe causing water damage to a unit interior; the master policy may cover the building structure repairs but not damages to the unit interior or personal belongings. Therefore, individual unit coverage remains crucial for bridging these gaps and providing comprehensive protection.

How Premier Insurance Agency Can Assist You

Are you seeking answers to questions on condo insurance? Premier Insurance Agency is here to help. Serving the Detroit, MI area, get in touch with us today for professional assistance.

Getting the Most Out of Your Umbrella Insurance Policy

Umbrella insurance is a type of supplemental insurance that people with many assets carry in addition to other types of insurance. For instance, umbrella insurance will pay any additional amount if you’re sued after someone is injured on your property and your homeowners’ insurance has already paid the maximum, but there is still a balance. If you’re an umbrella insurance policyholder for the first time, you might not know everything there is to learn about this type of insurance. Here is an overview that explains how you can get the most out of your umbrella insurance policy. 

Be Sure You Have Adequate Coverage

Ensuring you have adequate automobile, homeowners, and umbrella insurance is important because it can keep you from being forced to pay for any damages out of pocket. How can you determine if your current amount of coverage is adequate? You need to take an inventory of all your assets and carefully evaluate their worth, one by one. Only then can you purchase adequate coverage. 

Consider Purchasing the Maximum Insurance Amount

Depending on your net worth and the value of your assets, you might want to consider purchasing the maximum when it comes to all insurance types. If a particularly costly incident occurs, you won’t be forced to pay for damages out of pocket. 

As you can see, following these tips can get the most out of your umbrella insurance and get more bang for your buck. If you’re in the Detroit, MI area, and you’re seeking a new insurance provider, give us a call at Premier Insurance Agency. We at Premier Insurance Agency are dedicated to providing the absolute best customer service, prices, and coverage for our customers, and we’re ready to do the same for you. Call us for a quote today, whether you’re in Detroit, MI, or live outside the city. 

Three things to know about auto insurance in Michigan

Michigan motorists need to understand the auto insurance requirements that they need to meet. Premier Insurance Agency is an auto insurance provider that can insure vehicle owners in Detroit, MI. 

The following are three things that motorists need to know when it comes to auto insurance in Michigan. 

Personal Injury Protection (PIP) coverage is required in Michigan.

Personal injury protection coverage is an essential type of auto insurance coverage that most Michigan auto insurance policies must include. This type of coverage covers the policyholder and their passengers for medical care costs resulting from injuries sustained in an accident. 

Opting out of paying for PIP coverage for motorists who meet certain health insurance coverage requirements is only possible. 

Property damage and bodily injury coverage are required in Michigan.

In Michigan, motorists must carry some liability coverage on their auto insurance policies. 

Michigan auto insurance policies must include at least $50,000 in liability coverage for bodily injury costs per person in an accident. Policies must include at least $10,000 in property damage coverage per accident. 

Michigan motorists can face severe consequences for driving without insurance.

There are numerous consequences that motorists could potentially face if they are pulled over while driving without insurance. Michigan motorists may have their license suspended if they fail to carry adequate coverage while driving. They could also face heavy fines for driving without insurance. 

At Premier Insurance Agency, we can answer any questions you have about auto insurance in Detroit, MI. Get in touch with us to learn about your auto insurance options. We can provide you with a quote on an auto insurance policy that will meet Michigan’s insurance coverage requirements. 

Why do small businesses need commercial insurance?

According to the U.S. Small Business Association, small businesses account for 47.9% of employment in Michigan, so their health is vital to the American economy. You can ensure your business’s health by having insurance to cover your legal and contractual obligations at a risk level you find comfortable. Our Premier Insurance Agency, serving Detroit, MI, will help you understand your commercial insurance options and structure coverage that meets your needs.

Commercial Insurance Overview

Small businesses have many of the same insurance needs as large companies and often need more protection because they lack a larger organization to fall back on when difficulties arise. Unforeseen events can threaten the life of a small business, so you need to carry the right combination of insurance based on your industry, number of employees, vehicle use, and other factors.

Many small businesses simplify and reduce the cost of coverage by bundling business property and liability insurance into a business owner’s policy (BOP). If you have employees, you will also need workers’ compensation insurance, and many small businesses require product or service liability insurance.

A common mistake among small business owners is believing their personal auto insurance covers the business use of a private vehicle or that their home insurance covers office equipment, tools, supplies, and other business assets kept at home. Personal policies do not cover these business activities or assets, so you must protect your business and livelihood with the appropriate commercial insurance to cover business activities and assets. 

Working with Premier Insurance Agency 

Premier Insurance Agency, serving the small business community in Detroit, MI, will develop an insurance plan to protect your business against unforeseen events. Give us a call today to discuss your commercial insurance options.

Why do small businesses need commercial insurance?

According to the U.S. Small Business Association, small businesses account for 47.9% of employment in Michigan, so their health is vital to the American economy. You can ensure your business’s health by having insurance to cover your legal and contractual obligations at a risk level you find comfortable. Our Premier Insurance Agency, serving Detroit, MI, will help you understand your commercial insurance options and structure coverage that meets your needs.

Commercial Insurance Overview

Small businesses have many of the same insurance needs as large companies and often need more protection because they lack a larger organization to fall back on when difficulties arise. Unforeseen events can threaten the life of a small business, so you need to carry the right combination of insurance based on your industry, number of employees, vehicle use, and other factors.

Many small businesses simplify and reduce the cost of coverage by bundling business property and liability insurance into a business owner’s policy (BOP). If you have employees, you will also need workers’ compensation insurance, and many small businesses require product or service liability insurance.

A common mistake among small business owners is believing their personal auto insurance covers the business use of a private vehicle or that their home insurance covers office equipment, tools, supplies, and other business assets kept at home. Personal policies do not cover these business activities or assets, so you must protect your business and livelihood with the appropriate commercial insurance to cover business activities and assets. 

Working with Premier Insurance Agency 

Premier Insurance Agency, serving the small business community in Detroit, MI, will develop an insurance plan to protect your business against unforeseen events. Give us a call today to discuss your commercial insurance options.

Home Insurance is Always On Duty Even when You Aren’t

Homeownership is a rewarding experience and part of the American dream. It is also, however, a considerable expense. To protect your investment and all the work and time you put into your home, home insurance is a necessity. And for people living in and around Detroit, MI, that is where the Premier Insurance Agency can help.

The good news is that home insurance offers benefits beyond protecting your home from damage or making repairs affordable. In addition to the many practical benefits home insurance affords, it also gives homeowners the benefit of assurance.

That means homeowners can relax knowing that if a storm damages their roof or some other unforeseen damages arise, their homes are protected. Even on vacation or when homeowners aren’t on duty, home insurance always is.

Protecting the Place We Call Home

For many of us, our homes are more than a mere structure where we sleep at night. Our homes are where we raise families, make memories, and make dreams come true. For homeowners who work with trusted and experienced insurance agents, like the Premier Insurance Agency, they can feel good knowing the place they call home is protected and safe.

For residents in and around the greater Detroit area, we offer the insurance and peace of mind homeowners need and deserve. It doesn’t matter if you live in a single-family home or a three-story; the Premier Insurance Agency has you and your home covered.

Protect Your Home with the Premier Insurance Agency

Thank you for visiting Premier Insurance Agency, where we provide home insurance solutions for homes throughout Detroit, MI, and the surrounding area. Contact us to learn more and protect your home with the Premier Insurance Agency today.

Can Classic Car Insurance Cover Exotic Vehicles?

For classic car owners in Detroit, MI, our qualified insurance agents at Premier Insurance Agency work to provide coverage options that consider the needs and wants that classic and exotic car owners may have. While every vehicle is essential, exotic and classic vehicles have a special place in their owners’ hearts for good reason.

After you pour your blood, sweat, and tears into upgrading or buying such a pricey vehicle, you want to ensure it’s protected from liability, theft, and other issues. If you’re an exotic vehicle owner, you may wonder if classic car insurance could provide more appropriate coverage than a standard auto insurance policy. Although every policy is different, we may be able to give you some general answers below.

Can Classic Car Insurance Cover Exotic Vehicles?

Even though specific terms and limits may vary from one classic car insurance policy to another, exotic vehicles are generally covered by most classic car insurance policies. There may be some stipulations on the policy that prevent certain exotic cars from being added to it. For example, if your exotic vehicle is your primary vehicle, you may not be able to get classic car coverage for it.

Additionally, coverage for replacing a stolen exotic vehicle may vary between policies, so it’s worth asking questions about the kinds of coverage that matter most to you before you decide to go with a specific policy. An antique, exotic car would almost certainly be covered by classic car insurance since it’s a classic car and has special considerations that regular auto insurance wouldn’t address.

For information on our classic car insurance, call Premier Insurance Agency in Detroit, MI, today! Whether you’re a classic or exotic car owner, we’re always happy to help.

What Does Recreational Insurance Cover?

Whether you like to have fun in the sun or play in the snow, you can enjoy many activities outdoors. Many of those activities involve recreational vehicles that you will want to protect with an adequate amount of the appropriate type of insurance policy. Our agents at the Premier Insurance Agency serving the Detroit, MI area stress the importance of having a recreational insurance policy in place so that you can have fun and peace of mind.

What is Recreational Insurance?

Recreational insurance, also known as leisure or specialty insurance, will provide you with coverage specifically designed to protect vehicles and equipment usually utilized for recreation, aka fun.

Types of Recreational Insurance

You can choose from several types of recreational insurance, depending on your preferences and situation.

Golf Cart Insurance

Many people enjoy a good game of golf. If you are one of those people, you will want to have recreational insurance on your golf cart. This will be very important if you have an accident in your golf cart or someone steals it from you.

ATV and Off-Road Vehicle Insurance

If you enjoy a fun and exciting ride on a four-wheeler or other ATV (all-terrain vehicle) or off-road vehicle, you should have a recreational insurance policy in place. You never know when an accident with possible injuries is going to happen, so you will want to be protected. This insurance will also help you if your ATV or off-road vehicle is stolen.

Snowmobile Insurance

If you love snowmobiling, you will have even more fun knowing that your snowmobile is covered if you have an accident. It will also help you with medical bills if anyone is injured or your snowmobile is stolen.

Call for a Quote Today!

Our agents at the Premier Insurance Agency serving the Detroit, MI area are ready to assist you with your recreational insurance needs. Give us a call today to get your policy started!

Four things you shouldn’t assume about motorhome insurance

If you own a motorhome, you need to have your motorhome covered by an insurance policy that protects you financially. At Premier Insurance Agency, we offer motorhome insurance policies to consumers in Detroit, MI. 

You shouldn’t assume the following four things regarding your motorhome insurance needs. 

Motorhome insurance and auto insurance are basically the same thing.

Consumers need to realize that motorhome insurance policies can differ significantly from auto insurance policies.

Motorhome insurance policies are classified according to the type of motorhome being insured. A motorhome insurance policy specifies whether it covers a Class A, B, or C motorhome. 

Unlike auto insurance, motorhome insurance also offers features like the option to buy full-time coverage for consumers who live in their motorhome. 

A motorhome insurance policy covers all of the parts of your motorhome.

Motorhome owners need to realize that their motorhome policy won’t necessarily cover every component of their motorhome. Basic policies are unlikely to cover special add-ons like bike racks or interior furnishings. 

All motorhome insurance policies are pretty much the same.

It’s essential to look at the details and options when you buy a motorhome policy. Motorhome insurance policies offer many coverage options and special features to explore.

It would be best to decide how much coverage to purchase and understand options like roadside assistance, comprehensive coverage, and more. 

You don’t need motorhome insurance because your home insurance provides the necessary coverage.

You cannot rely on your home insurance policy to cover your motorhome. While home insurance might cover your motorhome while it’s on your property, it won’t provide coverage for your motorhome while you’re driving it elsewhere. 

Call us today at Premier Insurance Agency to learn more about your motorhome insurance options. We’ll provide you with the coverage you need for your motorhome in Detroit, MI.