Add An Extra Layer of Protection With Umbrella Coverage

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!

Will Condo Insurance Cover a Theft Inside Your Condo?

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.
 

Who needs to have umbrella insurance in Detroit?

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. 

It’s Against the Law to Drive without Car Insurance

Do you live in or near the Detroit, MI area? Are you a licensed driver? The Premier Insurance Agency can provide the car insurance you need.

Vehicle insurance, also called auto insurance, car insurance, or motor insurance, protects road vehicles such as cars, motorcycles, and trucks. It offers financial protection against bodily injury or physical damage that results from traffic accidents and against the liability that could result.

Some types of car insurance offer protection against car theft, damage to the car resulting from events, not traffic accidents, like keying, natural, or weather disasters, or damage sustained by collisions with stationary objects. The specific terms of a car insurance policy will vary with regulations in each area of the country.

State laws set the minimum amount of coverage and the type of coverage needed for auto insurance. But minimums are not always the right amount of coverage for you.

Generally, most states will require drivers to have enough coverage to pay for injuries or damages to others and their property if they are at fault. The coverage most states require are:

  • Bodily injury coverage
  • Property damage coverage
  • Uninsured motorist coverage

Although the following types of coverage may not be required, they provide an extra layer of protection.

  • Collision
  • Comprehensive
  • Emergency roadside assistance
  • Mechanical breakdown insurance
  • Medical coverage
  • Rental reimbursement

Car insurance is a legal requirement in 48 out of 50 states. You could face a hefty fine if caught driving without it or lose your driving privileges. It is not worth the risk.

If you live in the Detroit, MI area, let the professionals at Premier Insurance Agency provide you with a quote or answer any questions you may have. Contact our team today. You will be glad you did.

What benefits come with a commercial insurance plan in Detroit?

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. 

Four Facts You Should Know When Shopping for Home Insurance

Purchasing home insurance is never straightforward, even for seasoned homeowners. With many home insurance policies, it’s never easy to know the right home insurance to buy. Premier Insurance Agency understands you may not be confident when renewing or shopping for home insurance. Here are handy tips to help you before heading to the market.

Understand the different home insurance policies

Home insurance isn’t one broad policy — it’s broken down into several policies. It’s a good idea to understand various policies to help you know the ones best suited for your current needs. Home insurance is pretty standard in the US, although it may differ slightly in some states. However, the different home insurance policies you might come across include dwelling, personal assets, liability coverage, and loss of use.

Not every type of damage is covered.

It’s good to understand what’s covered by your home insurance, but it’s equally important to understand what’s not covered. This way, you can better understand add-ons you can consider to boost your home insurance.

A home inventory really helps.

Relying on your memory can fail you terribly when insuring your personal assets. To ensure everything under your possession is insured, conduct a room-from-room inventory count. Always update this inventory list as you add and dispose of your belongings.

Consider the deductible

A deductible is an amount you pay before the insurer compensates you. The higher the deductible, the lower the premiums. Similarly, the lower the deductible, the higher the premiums. Always weigh both options and settle for a deductible you are comfortable with.

Home insurance in Michigan

Want to learn more tips about home insurance? Please call or email Premier Insurance Agency for more information. Better yet, you can pop into our Detroit, MI office to chat with one of our sales agents in person.

Tips to Keep Your Classic Car Looking Its Best

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. 

Three common misconceptions about recreational insurance

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. 

What Does Motorhome Insurance Cover?

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!

What Are Some Things I Should Know About RV Insurance?

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.