Many states don’t require boat owners to carry boat insurance. However, this doesn’t necessarily mean that you shouldn’t invest. You should consider other variables before deciding to skip boat insurance. Our team at Premier Insurance Agency is committed to helping Detroit, MI boat owners understand the benefits of boat insurance. 

What is Boat Insurance?

Boat insurance provides protection or coverage for your watercraft. Like car insurance, boat insurance can provide everything from liability coverage to full coverage insurance that would cover damage or the loss of your boat. This insurance also includes coverage for your boat, regardless of whether it’s on land or in water. Of course, liability coverage would cover damage you cause to another person’s property or boat and injuries that you may cause to others. The state of Michigan doesn’t require boat owners to purchase boat insurance. 

How much boat insurance should I invest if I’m financing my boat?

Although Michigan state law doesn’t require boat owners to carry boat insurance, any marina you frequent may require boat insurance if you plan to dock your boat. You may also be required to carry boat insurance if you lease your boat or have a boat loan. State law may not require you to invest in boat insurance, but other factors may require purchasing boat insurance. If you have questions about boat insurance and want to explore your options, call us. We’d be happy to answer all of your questions. 

Even though Michigan law doesn’t require boat insurance, it may still be necessary if you plan to dock your boat — many marinas require proof of insurance. Lenders also typically require a set amount of coverage if you’re financing your boat.

Are you looking to add extra protection for yourself, your family, or your business? If so, umbrella coverage may be just the right fit. At the Premier Insurance Agency, we offer umbrella insurance policies to provide our customers with additional financial protection.

What is Umbrella Coverage?

Umbrella coverage is an additional policy that provides extra liability protection beyond what they offer in your existing home and auto insurance policies. It covers damages such as serious injuries, pain and suffering compensation, and "excess" medical expenses exceeding your other policies’ limits. This policy also covers legal fees if they sue you for damages caused by an accident.

Why Do I Need Umbrella Coverage?

Umbrella coverage can be especially beneficial if someone sues you for damages from an accident and you have assets at risk. It can help protect your savings, investments, and other support from being taken away in a lawsuit. Additionally, it can provide peace of mind knowing that you have extra protection in the event of an accident or injury.

For homeowners with a business, umbrella insurance is a great way to protect your business and personal assets. It allows you to extend coverage beyond what the typical business liability policy offers, providing extra protection in case of a lawsuit. It is important to note that umbrella policies are only applicable when an accident or injury is beyond the limits of your other insurance policies.

It would be best to talk to an agent at Premier Insurance Agency about what umbrella coverage in Detroit, MI can do for you.

How Can I Get Umbrella Coverage?

If you live in Detroit, MI, and want to add umbrella coverage to your existing home and auto insurance policies, contact Premier Insurance Agency today!

Condo insurance is one of the first things you will purchase when you close on your new dwelling. Now that you have your condo, you want condo insurance to provide you with coverage. There is a lot that you get in terms of coverage with condo insurance, but does that include a theft inside of the property? Theft can occur in Detroit, MI and abroad, but knowing if you have coverage critical.  

Theft Coverage is Common

Theft coverage is common when it comes to condo insurance policies. The Premier Insurance Agency team can help you understand what coverage you have in the event of a theft and what you do not.

Theft coverage starts with an inventory of what you have inside the home. If there is something highly valuable, such as a diamond ring, you want that listed as part of your condo insurance policy so that the value is known.  

Personal belongings outside the special items will also get coverage in the event of a theft. These items include things such as furniture, clothing, and electronics.  

Value of the Items

What is the value you get for your items or personal belongings in the event of a theft? Usually, what you will have is known as replacement cost coverage. If you have items stolen from your condo, you will be covered for the repair or replacement cost minus your deductible.

Detroit, MI condo owners need to understand what they get with their condo insurance policy. Coverage is best understood by talking to a professional such as the team at Premier Insurance Agency. When you understand condo insurance and where theft coverage comes into play, you’ll have a complete picture of its value.
 

Liability risk is something all people in the Detroit, MI area will need to take seriously. Getting an umbrella insurance policy is a good idea when you want to manage your personal liability risks. There are various situations in which a person should obtain this type of coverage. 

Those with Limited Liability Coverage

No matter how careful of a person you are, there is always a chance you can cause an accident that will lead to injuries or property damage. Depending on the type of accident, you may have coverage for liability risks through your home or auto plans. However, these policies will have an insurance cap, which can be exceeded if the accident is bad enough. If you have an umbrella insurance policy, it will give you additional insurance on top of these other plans. This can help ensure that you are ready for more significant risks. 

Those Looking for Broad Coverage

Another benefit that is received when you have umbrella insurance is that it can offer broad coverage. Other types of insurance plans do not cover various liability risks. To ensure that you have insurance and are prepared for the unexpected, getting umbrella insurance is beneficial. This coverage will support you if named liable for damages not covered by other policies. 

There are many situations when having an umbrella plan in the Detroit, MI area would be wise. When you want this liability coverage and support, calling the professionals with the Premier Insurance Agency can be a good idea. The professionals with the Premier Insurance Agency offer all the guidance you need to create a plan that will give you the support you are looking for. 

Detroit, MI remains a great place to be a small business owner. The city has continued to go through positive transformations, and today there are many great opportunities to succeed. To run a successful business in this part of Michigan, having insurance should be a top priority. Multiple benefits come when you have a full commercial policy in place for your small organization. 

Properly Protect Business

One of the benefits that you will receive by insuring your Detroit business is that you can protect the company. A commercial insurance policy offers various benefits and forms of coverage that make it worth the investment. This can include covering all assets owned by your company and mitigating your liability risks. This can help ensure your business is supported if you incur a loss. 

Remain in Compliance

It is also a good idea to get a commercial insurance policy to remain in compliance with various obligations. Most smaller businesses today will sign multiple agreements with specific insurance requirements. These include agreements with lenders, investors, some clients, and landlords if you choose to lease a place of business. Staying in compliance with these agreements is very important, and not having insurance would be an event of default and could lead to various forms of penalization. 

Commercial insurance continues to be a practical necessity for any business in Detroit, MI. If you are going to run a company here and need to learn more about your insurance needs, you should call the Premier Insurance Agency. The team with the Premier Insurance Agency will be able to help you evaluate your needs and build an ideal plan. This can help ensure your business remains appropriately covered at all times. 

If you have spent the money making your classic car look great, you will want to do everything you can to ensure that it stays that way. 

Here are some tips to keep your classic car looking its best. 

• Keep it inside. The best way to keep a car looking good is by keeping it away from the elements. Though you may take it to shows, the rest of the time, it should be inside a garage where it can’t get rain, snow, or even too much sunlight. 
• It is even better to keep it somewhere where the temperature and humidity regulate. This will help keep your car in top condition while it isn’t in use. 
• That being said, you also need to drive it. Though it may sit most of the year, you should take it for a spin every month. This keeps it lubricated and things working. So, make it a date and show off your car every month by taking a short drive around town! 
• Then, make sure you clean it before you put it away. Once you bring your car back to the garage or storage unit, you need to ensure it is as clean as possible. Don’t forget the wheel wells and inside the vehicle. 

If you want your classic car to last, you need to keep it inside, but it still needs to be run regularly. Then, put it away clean, so it is ready for next time! 

To ensure your classic car is well protected, you must talk to a professional about insurance. Don’t hesitate to contact us today at Premier Insurance Agency in Detroit, MI. 

If you own a recreational vehicle, it’s crucial that you insure this vehicle with a recreational insurance policy. You need to be adequately informed about recreational insurance to choose your coverage. At Premier Insurance Agency, we can answer any questions you have about recreational insurance in Detroit, MI.

Unfortunately, some consumers are misinformed about recreational insurance due to common misconceptions. The following are three common misconceptions about recreational insurance. 

Your home insurance policy will cover your recreational vehicle.

One of the most common incorrect assumptions consumers make is that their home insurance policy will cover their recreational vehicle. This is not necessarily the case.

While home insurance policies may offer a limited amount of coverage for a recreational vehicle while it is on your property, they may not provide any coverage when your car is off your property. Investing in recreational insurance is essential to ensure your vehicle is fully covered wherever you take it. 

Recreational insurance is the same as automobile insurance.

While there are some similarities between auto and recreational insurance, there are some key differences as well. An auto insurance policy won’t cover certain types of recreational vehicles such as boats and snowmobiles. 

It’s also important to note that auto insurance won’t offer as much coverage for personal belongings inside your vehicle as a recreational policy designed to cover mobile homes will offer. When you’re on the market for recreational insurance, it’s vital that you’re informed about all the differences between recreational insurance coverage and auto insurance coverage.  

You are not required by law to carry recreational insurance.

You might not be required to carry recreational insurance in all situations, but there are certainly many situations where this type of insurance is legally required. You must carry recreational insurance if you are taking your vehicle out on public roads or certain public lands/waterways.

Get in touch with us by phone or email at Premier Insurance Agency if you are a consumer in Detroit, MI who wants to get a quote on recreational insurance. 

If you own a motorhome, you more than likely purchased it in the first place to relax with your family and other loved ones while enjoying a sense of peace and tranquility heading out on the open road. To fully enjoy the peace of mind that can come with camping and traveling in a motorhome with the ones you love, you will need to have a motorhome insurance policy. The agents at the Premier Insurance Agency in Detroit, MI can help you understand the coverage this type of policy will provide.

What Does Motorhome Insurance Cover?

Motorhome liability insurance is required by the state of Michigan since you will be driving your motorhome on public streets and highways. This will cover any damage you cause in an accident with another driver, including any injuries to the other driver and their passengers.

Comprehensive and Collision Insurance

In addition to liability insurance, you will want comprehensive coverage on your motorhome since it is a second home for you and your family. This type of coverage will help pay for any damage to your motorhome if it is involved in a fire, damaged by a natural disaster, or suffers some damage from an act of vandalism. This type of coverage will also assist you in replacing your motorhome if it happens to be stolen.

You also want to have collision insurance if you have an accident involving another vehicle or even a stationary object. Remember that your lender will likely require both collision and comprehensive insurance if you still owe money on your motorhome.

There may be other coverage options that you will want to consider, which the experienced and trustworthy agents at the Premier Insurance Agency in Detroit, MI can assist you with. Call for an appointment today!

When shopping for insurance, be aware that the coverage won’t protect you from every risk. Most policies have an "exclusion" section where certain dangers are noted. For example, if your RV has a lift kit, you may need to purchase additional insurance. For professional help, call Premier Insurance Agency, a firm serving in Detroit, MI. 

Things To Note About RV Insurance 

Shop around and compare RV insurance rates before buying. Keep track of your monthly spending, and re-evaluate your insurance needs yearly. Most RV insurance providers offer a discount if you install a security system. You may be able to qualify for lower rates if you drive less often or make certain upgrades to your RV. 

Not all policies are created equal. There are some things to remember when shopping around for RV insurance, such as the length of your policy. Most RV insurance policies are written for a term of one year. However, if you’re buying RV insurance for your new or used RV, you might be able to find a policy that offers a long term, like two or three years. 

Collision coverage is for accidental damage to your RV, and liability coverage is for damage you cause to other people’s property. Keep in mind that if you’re buying RV insurance for a brand-new RV, collision, and liability are usually included in the policy’s price. 

RV insurance covers you and your family from property damage that you caused to someone. It can cover uninsured persons or if you or someone in your RV is injured in an accident. 

If you don’t have RV insurance and cause damage to someone else’s property, you will be responsible for paying for the repairs. If someone in your RV is injured in an accident and you aren’t covered by insurance, you will have to pay for their medical bills. 

Final Words  

Find a policy that fits your budget and needs. Also, make sure you keep your policy up to date. If you change the information on your policy — such as discontinuing a driver’s license — you must inform the insurer. For assistance in Detroit, MI, call Premier Insurance Agency.

Premier Insurance Agency is here for all boat owners in the Detroit, MI metro area. If you want to make sure that your boat has the protection it needs, it’s time to look at the comprehensive policies available in our area. Call or stop by our office to learn more about your boat insurance options. 

Comprehensive boat insurance benefits

Having the right insurance in place allows you to enjoy your boat more. The main benefit of a comprehensive boat policy is increased liability protection. This can help to protect you both on and off the water. Liability is a serious issue when it comes to boating. This is especially true if you like to take passengers out with you or if your boating activities take place in popular areas with a lot of traffic on the water. And, if you trailer your boat to and from the water, you will also want to consider more robust liability protection.

In addition to this vital liability coverage, there are several additional features that you can expect when opting for a comprehensive policy. You can have additional medical expense coverage and collision coverage. You will want to be protected if there is damage to your boat, another boat, or someone else’s property. And once you have the safety protection you need, you can look at features such as at-sea towing coverage options. 

You can count on us!

Own a boat in the Detroit, MI area? You can turn to Premier Insurance Agency for all your boat insurance needs. We want you to have the protection you need to enjoy your vessel now and in the future. Call or stop by today!