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. 

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.

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.

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.

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!

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. 

New owners of recreational vehicles might be surprised to learn that potential insurers take a strong interest in where the RV sits during the off-season. Like a house or building, an RV is subject to damage or decay, whether in use or idle. It is little surprise that insurance companies will ask whether the RV makes its home in a garage, under a shed, on the street, or at an off-site campground away from the residence. Risk factors include weather, climate, crime, infrastructure, and distance from your house. Any or all of these conditions affect coverage decisions and premium rates.

An RV parked at home has certain advantages. In limited cases, it might be included for certain claims under the homeowner policy. Furthermore, the owner does not have to rent vehicle space at a park or storage facility. Nevertheless, at home or elsewhere, every location is likely to have blizzards, floods, vandalism, theft, earthquake, lightning, and arson. The insurer must assess the risk of any of these at the site where the RV is "garaged." High exposure to unfortunate events means a higher probability of claims.

The Detroit, MI metro area has its unique record relative to hazards that impact a parked RV. As a local business familiar with the region, Premier Insurance Agency is positioned well to find insurance coverage that meets the needs of RV enthusiasts while offering competitive premiums. Our insurance professionals are knowledgeable and experienced with Michigan statutes, Detroit weather, and regional demographic patterns. This wisdom helps you to maximize your benefits at affordable prices. Today, learn how a specific RV location will affect insurance coverage details.

Having a reliable mode of transportation is essential for all people in the Detroit, MI area. Getting a motorcycle is a great option when you are looking for a new vehicle. A bike is not only an efficient mode of transportation, but it also can be fun to use when the weather is nice. Along with your motorcycle purchase, you also need to get insurance for it. There are a lot of situations when a motorcycle insurance plan will be needed in Michigan. 

When Driving on a Public Road

A situation when you need to have a motorcycle insurance plan is when you are driving it on a public road. All motorists in Michigan will be obligated to carry insurance with liability coverage. This extends to motorcycle operators. If you are not adequately insured, you can face various penalties, including fines or even loss of licensure. 

When Taking Out a Loan

A motorcycle today can be a rather expensive asset to purchase. Because of this, it would be a good idea to ensure you are protecting your investment. When you get a proper motorcycle plan, it will provide coverage to replace and repair the motorcycle. If you have taken out a motorcycle loan, you will need to carry full comprehensive coverage until you have paid the loan off. 

For individuals living in Detroit, MI with a motorcycle, obtaining the appropriate motorcycle insurance policy is quite important. If you are ready to start your search for coverage, our team with Premier Insurance Agency is at your service. Our proficient staff at Premier Insurance Agency knows the significance of this coverage. It is skilled in providing the information to develop a policy that best fits your situation.