Is Your Michigan Auto Insurance Ready for the Road?
Is your Michigan Auto Insurance Ready for the Road? Insurance is always a necessary evil. Periodically, we need to doublecheck that our coverage is still meeting our needs and that our Michigan auto insurance policy is up-to-date for the road. So, let’s take a look now:
1. Does your policy offer Liability coverage? Its the foundation of any auto policy and is especially important in Michigan, which is a no-fault state. Have your limits kept up with the cost of inflation? Running out of coverage in an at-fault accident could be ruinous to you and your finances.
2. Collision and Comprehensive insurance may help protect your car or truck in the event it is damaged or totaled in an accident. If you have a loan on your vehicle, your lender may require that you carry these specific coverages. Is your vehicle still financed, or is it owned outright? If so, you may not need to pay the more expensive premiums associated with collision and comprehensive.
3. If you have a newer vehicle, GAP insurance may be something to consider. GAP stands for Guaranteed Automobile Protection, and it can help you pay off the remainder of your loan in the event your vehicle is stolen or declared a total loss.
4. Uninsured and underinsured motorist (UM/UIM) coverage should be part of your Michigan auto insurance policy. It may help when an uninsured or underinsured driver causes you an accident, and you are not adequately protected by the other drivers auto policy.
5. Rental reimbursement coverage could help you if you ever experience a vehicle accident and are unable to use your vehicle while it is getting repaired. It helps pay for a rental car so you can still commute to work or school and take care of other business.
6.PIP (Personal Injury Protection), Towing & Roadside, and Medical Payments coverages are other options you may want to consider when reviewing your Michigan auto policy. They offer extra protection for you and your family.
7. Have you changed addresses, or cars, recently? Then, its definitely time to make sure your policy reflects those changes, and that youre adequately insured.
We all have busy lives, but take a few minutes nowand periodicallyto review your Michigan auto insurance. Doing so could save you time, worry, and money.
Part 2
Is your Michigan Auto Insurance Ready for the Road? In addition to liability, collision and comprehensive, GAP insurance, uninsured and underinsured motorists coverages, rental reimbursements, PIP, towing and roadside, and medical payments coverages, there are a few more important pieces of insurance you may want to consider to make sure youre adequately protected on the road.
1. Commercial Auto Insurance. Do you travel for business maybe to make deliveries, visit customers, or supply materials? If you transport goods or materials for business use, make sure your commercial auto policy covers those trips.
2. Fleet Insurance. If you own multiple vehicles used for business, you may want to protect your entire fleet. Besides liability coverage, fleet insurance offers other ancillary benefits such as roadside assistance and accident forgiveness.
3. Motorcycle Insurance. Are you considering a motorcycle? Even if youre a great rider, its important to make sure you have the right coverage. Custom equipment, medical payments coverage, and comprehensive coverage could all be important for your situation.
4. Pet Injury coverage. You may have heard of pet injury coverage being offered along with your auto policy. This coverage helps cover veterinary expenses if your pet gets hurt in an accident. Ask your insurer if its included, or can be included, as part of your policy.
5. Police Report coverage. This coverage feature can help you pay for a police report in the event you get into an accident and need to file a report. Dont let the cost of a police report stop you from getting the report you may need to document the accidentthis coverage could come in really handy!”
Part 3
Is your Michigan Auto Insurance Ready for the Road? When shopping for auto insurance, make sure you consider the extra benefits offered by Michigan insurers. These coverages provide extra layers of protection for your vehicle, and can pay for themselves in the event of a costly accident.
1. Diminishing Deductible coverage. Are you familiar with this feature? It helps lower your deductible over time, if youve had no accidents or losses. This coverage can make a real difference if you ever have to file a larger claim.
2. Gap Coverage. As the name implies, this type of coverage helps bridge the gap between what you owe on your vehicle and the actual value. Its helpful if youre planning to trade in or sell your vehicle in the near future.
3. LifeLock Memberships. LifeLock is a leading provider of identity theft protection services. Inquire with your insurer and see if it offers a LifeLock memberships as part of its auto policy.
4. Roadside Assistance coverage. This coverage helps you in the event of a breakdown, flat tire, or other car emergency. If you ever lock yourself out of your car, it could help cover the cost of a locksmith too.
5. Disbursement Coverage. This coverage helps pay certain expenses related to filing a claim, such as rental car costs or towing services. Check to see if this coverage is part of your policy, or if you can add it at the time of purchase.
Make sure to discuss these extra coverages with your insurance provider. Whatever your vehicle needs may be, there is likely an auto policy that can help provide you with the coverage and peace of mind you need on the road.
Part 4
Is your Michigan Auto Insurance Ready for the Road? As the weather changes in Michigan, its important to ensure you have the right coverages in place to protect you, your vehicle, and your family in the event of an accident.
1. Rental Reimbursement coverage. If youre ever stuck in a vehicle accident and your car needs to be repaired, rental reimbursement coverage can help pay for a temporary rental vehicle. Make sure you check ahead of time to see if this is part of your policy or can be added as a separate coverage.
2. Incident Forgiveness. This feature could help keep your rates from increasing if you accidentally have an at-fault accident. Some insurance companies may offer incident forgiveness coverage as part of their policies, so its worth double-checking.
3. Windshield Replacement. Despite our best efforts, our windshields can suffer a lot of damage from Michigans harsh winter weather. Windshield replacement coverage often has no deductible, and can help save on the cost of repairs.
4. Substitute Transportation coverage. If you ever find yourself in a situation where you cant use your vehicle, substitute transportation coverage could help pay for rental cars, public transportation, or cab fares.
5. Factory Equipment coverage. Does your newer vehicle still have all the factory-installed parts? If not, you may want to consider factory equipment coverage to cover those extra costs if they ever need to be repaired or replaced.
When it comes to auto insurance, turn to an experienced insurance agent to help determine what coverages are best for you. Its worth doing your homework, every now and again, to make sure youve got the right coverage when you hit the road.
