Umbrella insurance is a secondary insurance type available from Agency Advantage Insurance, serving West Bloomfield, MI. You must carry a primary insurance policy before you can add umbrella to it.

That means you need to own a home, auto, or business insurance to purchase an umbrella policy. You could potentially add it to a boat policy, too.

The umbrella policy adds to the liability coverage of the primary policy. So, anytime you purchase a primary policy with liability coverage, you can add an umbrella policy to it.

When do you use the umbrella policy?

When an event occurs that requires the use of the liability coverage that you purchased, the insurance company uses the primary policy first to pay off the medical bills or settlement of the individuals harmed. If the settlement and medical costs exceed the amount covered in the primary policy, the insurance company moves to the secondary umbrella policy.

Why would you need umbrella insurance?

High net worth individuals should acquire umbrella insurance because they’re more apt to get sued. If an accident occurs at their home, they’re more likely to get sued because the injured person knows they have money.

They also frequently host parties and fundraisers, bringing many people to their homes. This opens them to increased liability since they have more visitors on an increased frequency.

How much umbrella insurance do you need?

Because these policies cost very little in monthly premiums, most individuals purchase a $1 million policy. This also ensures that the policy can cover nearly any liability incurring situation.

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Contact Agency Advantage Insurance serving West Bloomfield, MI for more information on umbrella insurance or to purchase a policy. We’ll work with you to determine the amount of coverage you need.

Health insurance can save you a lot of money and keep you from financial ruin in the event of a severe illness or accident. It also helps you get the care you need in a timelier manner, reducing the risk of further health complications. 

Health insurance also has other perks, like coverage for prescription medications, vision care, and dental care for your family. Having health insurance can also reduce your overall stress level since you no longer have to worry about how you will pay for a serious illness or accident. For inquiries in West Bloomfield, MI, call Agency Advantage Insurance.

Why Do You Need Health Insurance? 

Health insurance can make it easier for you to pay for the medical care you require now and in the future. It can also help you avoid hefty medical bills if you get sick or injured and have to go to the hospital. It is essential to research the available plans to select the plan that is most suitable for you and your family.  

The cover allows you to receive the care you need to stay healthy without worrying about how you will pay for it. Additionally, it pays for a sizeable portion of the cost of any medications that require a prescription. If you have a serious illness and require frequent doctor’s visits and expensive treatments, insurance can help you afford the care you need. 

Health insurance can also make it easier for you to afford the treatment you require to maintain your health. Most importantly, health insurance protects you and your family if you ever face a major medical event like a car accident, serious injury, or illness. 

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While health insurance comes with various benefits, it can be costly and not affordable for most people, especially if you don’t have a job. It may also come with a long list of things you can’t see a doctor for, such as plastic surgery or laser eye surgery. For expert help, consult Agency Advantage Insurance. The firm serves in West Bloomfield, MI.

Health insurance can save you a lot of money and keep you from financial ruin in the event of a severe illness or accident. It also helps you get the care you need in a timelier manner, reducing the risk of further health complications. 

Health insurance also has other perks, like coverage for prescription medications, vision care, and dental care for your family. Having health insurance can also reduce your overall stress level since you no longer have to worry about how you will pay for a serious illness or accident. For inquiries in West Bloomfield, MI, call Agency Advantage Insurance.

Why Do You Need Health Insurance? 

Health insurance can make it easier for you to pay for the medical care you require now and in the future. It can also help you avoid hefty medical bills if you get sick or injured and have to go to the hospital. It is essential to research the available plans to select the plan that is most suitable for you and your family.  

The cover allows you to receive the care you need to stay healthy without worrying about how you will pay for it. Additionally, it pays for a sizeable portion of the cost of any medications that require a prescription. If you have a serious illness and require frequent doctor’s visits and expensive treatments, insurance can help you afford the care you need. 

Health insurance can also make it easier for you to afford the treatment you require to maintain your health. Most importantly, health insurance protects you and your family if you ever face a major medical event like a car accident, serious injury, or illness. 

Contact Us

While health insurance comes with various benefits, it can be costly and not affordable for most people, especially if you don’t have a job. It may also come with a long list of things you can’t see a doctor for, such as plastic surgery or laser eye surgery. For expert help, consult Agency Advantage Insurance. The firm serves in West Bloomfield, MI.

Are you one of the riders that stick to the state minimums when shopping for motorcycle insurance in West Bloomfield, MI? This move might save you some money, but it’s never a good idea, as you will find out from the below post by Agency Advantage Insurance.

Required motorcycle insurance in Michigan

To understand why state-required insurance is never enough, let’s explore the required insurance for bikers in Michigan. Motorcyclists are required to purchase at least $10,000 worth of property damage liability (PDL) in Michigan. On the other hand, riders must buy $50,000 bodily injury liability for an accident involving one person and twice the amount for accidents involving death or injury to more than one person.

While the above coverages might seem adequate, they are barely enough when faced with a significant claim. Unfortunately, when your liability coverages run out, you will have to cover the difference from your pocket! There is no fun when your assets and income are at stake.

State-required insurance doesn’t cover you

Another reason why you should explore beyond the state minimums is that liability coverage required by the state doesn’t protect you and your vehicle — it only covers other people. So, why would you pay for insurance if it doesn’t protect you and your assets? It doesn’t make sense!

At Agency Advantage Insurance, we usually advise our clients to increase the liability coverage limits and look at other options for optimal protection. We are not saying you buy all the motorcycle insurance options out there — just invest in those options that cover your unique needs.

Motorcycle insurance in West Bloomfield, MI

Need more information on motorcycle insurance? Ready to invest in motorcycle insurance? If your answer is yes to any of these questions, please reach out to Agency Advantage Insurance today.

In July of 2020, Michigan’s auto laws changed. Now, drivers who are deemed responsible for causing a collision that results in injury can be sued for damages over their PIP limits. That means drivers in West Bloomfield, MI are now at increased financial risk every time they get behind the wheel, and that’s where umbrella policies can help. 

What is an Umbrella Policy? 

Simply put, it is a protection against financial liability if a significant accident leaves you responsible for someone else’s medical payments. Medical expenses in serious accidents can add up quickly, and even if you carry PIP, that will cover those expenses only up to your policy limit. Some still have unlimited PIP, but for those who do not, an umbrella policy is a way to cover that risk. 

What Kind of Coverage is Available? 

In Michigan, you can get an affordable umbrella policy with a coverage of one million, five million, or even as much as ten million for a surprisingly low rate. This stacks on top of your existing liability limits to ensure that even a significant accident will not harm your financial well-being. Accidents happen; it shouldn’t ruin you. 

What Assets are Protected?

Since damages from a significant injury can be expensive and ongoing, it’s not just your bank account that’s at risk. An umbrella policy protects you from the loss of your home, cars, investments, financial accounts, and any future income you might make. 

What Kind of Injury Claims am I Liable For?

Not only will you be potentially responsible for the initial medical bills that someone you’ve injured incurs, but you will also be on the hook for wage loss and pain and suffering. An umbrella policy is low-cost protection for you and your family. 

When you are ready to discuss what kind of umbrella policy works best for you, call or stop by Agency Advantage Insurance.  

Umbrella insurance is an optional supplemental insurance policy that fills the gap not covered by your home and auto liability insurance. Here are six reasons why you need umbrella insurance now:

You have a teenage driver

Young and inexperienced drivers who are new to the road increase the likelihood of being involved in a car accident. Umbrella insurance will pay over and above your policy’s liability limits if your teenage child is involved in a car accident and damages their vehicle or injures another person.

You have a swimming pool

Homeowners can be sued if another person is injured on their property. This risk is greatly increased if there is a swimming pool on the property, which can lead to a fall or a head or neck injury.

You have a long commute

Long commutes and heavy traffic can be dangerous. Car accidents can result in serious injury or even death. Drivers, their passengers, their estates, or their families may sue for lost earnings, past, and future medical expenses, pain and suffering, and earning capacity.

You own a dog

If your dog bites another person or causes injury to someone else, whether on your property or off, you are held liable. This is where umbrella coverage can fill the gap between what your homeowners’ liability will cover and what you are being sued for.

Make sure though that there is no clause that states canine liability exclusion. 

You enjoy partying

Being a good host is all good and well until someone is injured on your property. Umbrella coverage can help fill the gap in your homeowners’ liability coverage. 

You own a trampoline

If you have kids and you own a trampoline, then there’s a possibility your children may invite their friends over to join in the fun. You will be held liable if someone is injured on your property and umbrella insurance can help.

Speak to an expert at Agency Advantage Insurance serving West Bloomfield, MI today to see what insurance policy is best suited for you and your family.