Is Boat Insurance Needed in Michigan?

Boat insurance may not be required in Michigan, but that doesn’t mean you should skip purchasing coverage. Whether you have a sailboat, powerboat, jet ski, or any other type of vessel, you have made a sizable investment in that purchase. Just as auto insurance protects your wallet if you are in an accident, so too does boat insurance. For a relatively modest cost, boat insurance offers invaluable peace of mind. 

Although proof of boat insurance is not required when you register your vessel, you still may be required to display valid coverage if you are using a marina to dock your boat or are financing it through a lender. Generally, a marina and private lender want proof of boat insurance to ensure that you’ll have the ability to pay for repairs to your boat.

With the popularity of boating booming, there’s also an increased likelihood of having an accident with an uninsured or underinsured operator. If this happens, you’ll be on the hook for paying all costs for repairs even if you aren’t at fault. Luckily, boat insurance protects you from this happening with uninsured and underinsured boater coverage. Additionally, boat insurance covers a plethora of incidents, including comprehensive coverage for theft or fires, collision for accidents, and liability should you be in an accident that injures or damages a third party of their property.

Bottom line: You’ll want to have boat insurance that protects your boat, passengers, and yourself from paying for unnecessary and expensive damage. For more information, reach out to Premier Insurance Agency in Detroit, MI. Our knowledgeable team of insurance professionals is ready to help.

How Does Umbrella Insurance Work?

When you want to ensure that you have the coverage you need for your home and vehicle, umbrella insurance is a good choice. If you already have home and auto policies, getting umbrella coverage is an excellent way to add to certain coverage from those policies. If you already have auto and home insurance and are interested in umbrella insurance, contact us today at Premier Insurance Agency in Detroit, MI.

More Liability Coverage

Umbrella insurance adds to the liability coverage through other insurance policies. Auto and home insurance policies each come with an amount of liability coverage. The problem is that these insurance policies often have a small amount of liability coverage. This can make you liable for large medical bills after a severe accident that causes injuries. People can change their auto and home policies directly so that each has more liability coverage. However, this is a costly option. It is much more cost-effective to get extra liability coverage from an umbrella policy. 

How Umbrella Insurance Works

Your liability coverage in your home and auto policies pay for the medical bills and other expenses of someone injured in an accident judged to be your fault. This can happen in your home or with your vehicle. Your auto or home policy will pay for the expenses and medical bills, but only until it reaches the policy’s payout maximum. After that, your umbrella policy will kick in to pay what is leftover so that you won’t have to. This can save you from paying thousands in overages that could be due after your home or auto policy pays out. 

Get Umbrella Insurance

If you want umbrella insurance to keep you better protected, call us at Premier Insurance Agency in Detroit, MI.

Why Condo Insurance is an Asset

Do you have a condo in Detroit, MI? Have you invested in condo insurance? Whether you reside in your condo or use it for vacation, you need to invest in condo insurance. Yes, you may be contributing to the condo owners association (COA) policy, but you still need condo insurance. The COA policy covers liabilities in common areas and damages to the exterior of your building — for liabilities and damages inside your condo, that’s your headache. And that’s why you need condo insurance. Otherwise, you may incur expensive out-of-pocket expenses when the unexpected occurs.

Still not convinced that condo insurance is a worthwhile investment? Purchasing condo insurance from Premier Insurance Agency comes with the below benefits:

  • Liability protection: Suppose your pet bites a guest or someone trips on the staircase inside your condo, dislocating their hip. While these accidents are unintentional, you could be held responsible for the medical expenses. Worse yet, you can be sued, worsening your financial position. But guess what? You don’t have to worry about liability claims if you have condo insurance.
  • Personal assets protection: What’s the value of your personal assets? You probably have no idea because it’s long before you came up with a home inventory. When you take stock of the things inside your condo, you will realize that they are pretty valuable. For this reason, you need to invest in condo insurance to protect your assets from perils like fire, theft, and other risks listed in your policy document.
  • Loss of use coverage: When a peril listed in your policy renders your condo uninhabitable, you may have to look for a temporary shelter in a hotel. Luckily, condo insurance can cover additional living expenses, including accommodation, food, and laundry, until your condo becomes livable again.

Need condo insurance in Detroit, MI? Please get in touch with Premier Insurance Agency for an affordable condo insurance quote.

5 Tips to Prep Your Car for Michigan Snow Season

1. Maintenance & Fluids
Protect your engine against corrosion and freezing temperatures by ensuring a proper ratio of antifreeze. Keep washer fluid topped off for muddy snow. Ensure oil and other fluids are topped off and take your car in for regular service maintenance. It’s also essential to make sure your wipers and defrosters are in good working order. 

2. Winter & Tires
Winter driving puts a different strain on our tires, particularly in Detroit MI, where you may find yourself driving over frozen ruts in dirt roads or cruising over black ice concealed by recent snow. Winter tires not only provide better traction, but they also use unique compounds in their construction to resist hardening in cold weather. It’s also important to keep an eye on tire pressure over the winter as temperature changes can impact pressure. 

3. Safety Kit
Even the safest drivers sometimes experience accidents or road blockages due to inclement weather. Prepare ahead of time by keeping a safety kit packed and ready. This should include: 

  • Flares
  • Flashlight 
  • Non-perishable food and hydration
  • Spare, warm clothing
  • Extra antifreeze
  • Sandbag and shovel (for helping you out of a slick spot)
  • Jumper cables
  • A stocked first aid kit

4. Weather Emergency Tips
Keep a half-full gas tank. Why? It can prevent freeze-ups in your gas lines, but more importantly to your safety, if you become stranded due to weather, the extra gas can keep you warm long enough for help to reach you. Should you be reliant on the engine to stay warm, turn it on only long enough for the car to heat up, then off again to reduce CO2 poisoning. Stay with your car. 

5. Review Coverages
Fall is a perfect time to review your coverage. Contact Premier Insurance Agency today to make sure your vehicle has enough coverage for the winter ahead. Don’t wait for a deer hit or a winter storm to discover your comprehensive is lacking. 

Michigan Commercial Insurance: Do You Need Business Interruption Insurance?

Business interruption insurance is a product you can add to your commercial insurance policy to protect you from financial losses should your business be interrupted for any reason. 

At Premier Insurance Agency, we want business owners in Detroit, MI to be covered for every risk and loss. If you worry about shutting down suddenly, you will want to consider business interruption insurance.

How to Know You Need Business Interruption Insurance

You need business interruption insurance if you worry about your business closing suddenly. There are a number of things that could cause this to happen.

•    Extreme weather
•    Extreme news
•    Damage from neighboring structures or businesses
•    Client losses
•    Supply chain disruption

Most businesses can not survive when the doors close for an extended and unknown period. Any major interruption to your everyday course of business could close you down, or devastate you financially for years.

What Does Business Interruption Insurance Cover?

Business interruption insurance covers the costs you would incur if your business shutdown. That is almost everything. 

Business interruption insurance will cover the loss of your payroll and other operating costs. You will have your rent or mortgage bills paid, utilities, alarm system, property taxes, and even relocation of your business if you need to do that.

You will never know if you need business interruption insurance until you need it. It’s an expense you may not even notice, but for the peace of mind, you will purchase by having it.

Get a Quote

When you have a business in Detroit, MI, you have a lot to worry about. At Premier Insurance Agency, we can help you to build the commercial insurance policy that will give you the peace of mind you need to protect against these risks. Call us for a quote today.

What Is Full Coverage Auto Insurance? And Who Should Buy It?

The term comprehensive insurance refers to an auto insurance policy that includes both liability and comprehensive and collision coverage. This type of policy can also include things like health insurance, as well as coverage for uninsured or underinsured vehicles.

Comprehensive insurance is a policy that covers the driver for injuries resulting from a car accident, damage to the vehicle, injuries to passengers, the other driver, his/her passengers, and damage to his/her vehicle.

Full auto insurance isn’t required by law. Many states only require a small amount of liability coverage. The problem with this is that this type of policy rarely, if ever, covers injuries or car damage. The most that this type of policy will cover is the damage or injuries caused to others by you. 

Full coverage insurance policies give more coverage and protection on the road. It offers peace of mind in the event of a minor or serious car accident. Anything that is not covered by the insurance policy will have to be covered out of pockets, such as bodily injuries, or property damage.

Consider comprehensive insurance if you own a new or expensive vehicle. In the event of a serious accident, you will not be able to repair or replace your car if it is totaled or badly damaged. Also, if you live in a densely populated area, a high crime area, or an area that experiences severe storms such as hurricanes, tornadoes, floods, etc. In addition, if you lease a car or have taken out a car loan then comprehensive auto insurance might be a good fit for you.

Speak to an expert at Premier Insurance Agency serving Detroit, MI today to find out which insurance is best suited to you and your family.

Michigan Home Insurance Explained for First Time Homeowners

When you are a first-time homebuyer, you are out of your mind with excitement. With so much going on, it can be easy to get so overwhelmed with paperwork that you don’t pay much attention to the details. For your home insurance, there might be a lot going on that you just weren’t aware of. 

At Premier Insurance Agency, we want Detroit, MI first-time homebuyers to know the fine print of their first home insurance policy.  Here are some things to keep in mind as you purchase your first home.

Pick Someone You Trust to Watch Your Home

There are certain conditions that you need to be aware of with your home insurance policy when you are buying a home. One of those conditions is that your home can’t be vacant for a long time. If you are going away for any length of time, you’ll be required to have someone check on it on occasion in order to keep the policy valid.
This is for more than just watering the plants. You’ll want them to check the pipes, make sure that the house is secure, and check to see if there are any major problems like a rodent infestation or issues with the home.

Don’t Be Afraid to Put Honest Values on Your Contents

A lot of people just don’t know how much their belongings are worth. When you add the TV room alone to your list, the values are significant. It is possible that you have stuff that you have had for a long time, and you are inclined to lower the value. Be honest about what you have.

If you have been given things like furniture, it still has value. Take a complete inventory before you set the values of your contents. You may be lowballing it or doing the opposite. Be sure you know what you have and what it is worth.

Maintain Your Home Regularly 

Maintenance is key when you have a home, and your home insurance company is going to want you to stay on top of things. You can’t let your roof go until it’s in shambles, and you want them to pay for a new one for example. Make a checklist for weekly, monthly, and seasonal checkups, and stay on top of it.

Get a Quote

When you are buying home insurance for the first time, make as many lists as you can. This is the policy that is going to protect everything that you have worked for. At Premier Insurance Agency, we want Detroit, MI homeowners to be ready for this exciting new journey. Give us a call for a quote today.

Benefits of Having Classic Car Insurance

Having a classic car is not just having a vehicle that can be driven – it is having a car that can appreciate. A classic car is an investment, and this investment needs protection. The best and most efficient way to protect your precious classic vehicle is to get classic car insurance. If you want to know more about this type of insurance, Premier Insurance Agency serving clients in Detroit, MI prepared a list of benefits of classic car insurance:

 Benefits of Classic Car Insurance

Here is a list of advantages of having classic car insurance:

  • It protects value. Classic car insurance helps preserve the value of the vehicle. Having insurance allows to protect the unique value that comes with most classic cars. 
  • Liability coverage. This type of insurance provides a classic car owner with liability coverage. It ensures that a car owner complies with state laws and is covered if they are at fault in a road accident. 
  • Classic car insurance is affordable. Since most classic vehicles are not driven too often, classic car insurance is not expensive and much more affordable than insurance of new vehicles or second-hand models.
  • Roadside assistance. Classic car insurance also comes with roadside assistance that includes flatbed towing and other services. 

Premier Insurance Agency – An Insurance Agency You Can Trust

If you own a classic vehicle, proper insurance is important because it protects your car and you as a car owner. If you live in Detroit, MI or any other surrounding area, and you are thinking of getting classic car insurance, feel free to contact Premier Insurance Agency.  Our experienced and knowledgeable insurance agents will answer your questions and help you find a policy you need. 

Why Michigan Residents Should Add Storage Coverage To Recreational Insurance Policies

Premier Insurance Agency serves the Detroit, MI area. We pride ourselves on serving our clients with integrity. We use an ethical approach to help our clients find the policies they need to manage risks and protect their assets. We look forward to establishing a long-term relationship with you.

Why Storage Coverage Should Not Be Overlooked While Researching Recreational Insurance

Operating a recreational vehicle comes with a lot of risks. One minor accident can cause a major injury. Recreational insurance protects you as you navigate the possibility of an injury or accidentally damaging someone else’s property. If you have any passengers on your vehicle, liability insurance also covers you if they suffer an injury. If you plan to customize your recreational vehicle, you need to add extra coverage in order to fully protect this if something happens to them.

Think about the offseason as well. There are going to be periods where you are not operating your vehicle, and you have it parked or in storage. Maybe that’s during the spring or the harsh winters in Detroit, MI. Regardless; you can add storage coverage to your recreational insurance policy to cover you if an unexpected issue arises. A flying object can cause a crack or dent on your vehicle. An accidental fire could start. Severe weather moving through the area could cause a tree to fall over and destroy your vehicle. Storage coverage protects your vehicle in all of these situations. If you don’t have storage coverage, you risk being left unprotected if an unlikely situation occurs.

Premier Insurance Agency Will Help You Protect Your Assets

Visit our website to learn more information about recreational insurance.

Risk Reduction for Motorhome Owners

When out on the road, motorhomes face many risks, many of which can be minimized. These risks include being robbed, having your motorhome stolen, or getting into an accident. However, there are several things Detroit, MI motorhome owners can do to reduce their risks while out on the open road and keep themselves and their loved ones safe. These risk reduction tips are explained below. 

To learn how the below risks affect your motorhome insurance, give us a call at Premier Insurance Agency. 

Risk of Theft

While out on the road, you are at risk of being robbed or a burglar breaking into your motorhome. To reduce this risk, install an anti-theft system or alarm. Other ways to reduce the risk of theft are to keep your doors locked and put away anything that may attract a burglar’s attention. Finally, park your motorhome in protected or well-lit areas for added protection. 

Driving Risks

While driving, there are some risks you may encounter in your motorhome, including hazards on the road. To reduce these risks while driving, do the following before getting behind the wheel: 

  • Check headlights and taillights
  • Check tire pressure
  • Clean all windows
  • Ensure mirrors are secure
  • Secure cabinets inside the motorhome
  • Verify height and drive accordingly
  • Check safety and emergency equipment

Before heading out on the open road, take your motorhome in for an inspection in Detroit, MI. Have the mechanic check the brakes and look for any potential mechanical problems. 

To completely protect your motorhome, you need to purchase specifically designed insurance. Our agents at Premier Insurance Agency can provide you with information about motorhome insurance and help you buy a policy that fits your needs.