What Types of Things Can Renters Insurance Cover in Birmingham, MI?

Renters insurance can cover many things in Birmingham, MI, and typically at no extravagant cost. High Favor Insurance offers renters insurance and can tailor our coverage to fit your needs. However, we also want you to understand the possibilities that come with renters insurance and why you should consider it essential if you rent your home.

Your Personal Belongings

Renters insurance works a lot like homeowner insurance in some ways. This type of insurance covers your belongings and personal property. This can include things like your clothing, electronics, furniture, and other belongings in your home and the property.

Renters insurance covers against damage or loss of your things due to incidents like vandalism, theft, fire, and other types of perils. Your insurance can help pay for or replace your things.

Your Personal Liability

If someone suffers an injury on the property, you might think the property owner’s insurance will deal with medical or legal expenses. That’s not always the case. Your renter’s insurance will help cover you if something happens on the property and the fault comes down on you for one reason or another. These considerations also include damage to another’s property that occurs with you, the one at fault. Both legal and medical expenses can balloon immensely, so having this type of coverage can greatly help should the need arise.

Your Peace of Mind

Different insurance agencies offer different packages and options when it comes to renters insurance. You can and should speak to a provider of renters insurance about other options for you. Some examples include coverage for living expenses if you’re forced to move temporarily or coverage for your property when something happens to it away from home.

To learn more about renters’ insurance in Birmingham, MI, contact us at High Favor Insurance today, and we’ll help you figure out all your renters’ insurance needs.

Four auto insurance priorities to focus on

Auto insurance is a necessity for motorists in Birmingham, MI. If you are in need of auto insurance coverage, you can get a quote on a policy by calling us at High Favor Insurance. 

The following are four auto insurance priorities to focus on when you buy a policy. 

Getting coverage for your own vehicle in the event of an accident

You can’t rely on the insurance coverage of other motorists on the road to cover your own vehicle damages if you get in an accident. If you want the accident damages you face to be covered, you should invest in collision and comprehensive coverage. 

Meeting the coverage requirements of your auto loan lender

If you borrowed money to buy your vehicle, you must have collision coverage. Be sure to consult your auto loan lender when you purchase insurance so that you know you’re meeting your lender’s requirements when you purchase insurance. 

Choosing an insurance policy with premiums that fit your budget

Missing an auto insurance premium payment can cause your policy to lapse. That’s why you need to ensure you’ll be able to afford your auto insurance premiums over the long term. 

Buying auto insurance from a company with good customer service

Don’t underestimate the importance of customer service when you buy auto insurance. Buying from a company with good customer service helps ensure that you’ll always be able to get the information you need on your auto insurance coverage. 

If you’re in the market for auto insurance in Birmingham, MI, we can come to your assistance at High Favor Insurance. Learn more about our auto insurance policies by contacting us today!

How can you protect your business with commercial insurance?

If you want to protect your business, one of the most efficient ways to do that is to carry commercial insurance. As a business owner, you may not know or understand various types of business insurance. Learn how to protect your business with the help of commercial insurance adequately. 

How To Protect Your Business With Commercial Insurance?

  • Choose the proper coverage. There are different types of coverage available. The most common types include general liability insurance, property insurance, business interruption insurance, and workers’ compensation insurance. The type of your business and the industry determine what type of coverage you need. 
  • Review and update your insurance regularly. You should remember that your business is dynamic, meaning that it is constantly growing and evolving. Your commercial insurance is dynamic, too. That is why reviewing your policy annually and making all the necessary changes is recommended. 
  • Work with an insurance agent. An insurance agent is a person you should always contact to ensure you are not getting the wrong policy for your business. Ask an insurance agent as many questions as necessary because their answers will help you get the best business insurance. 

High Favor Insurance – Reliable Insurance Company Serving Clients in Birmingham, MI

Are you a business owner operating your business in Birmingham, MI, or any other nearby area? Are you currently shopping for commercial insurance to protect your business assets, employees, and yourself? Then, High Favor Insurance is the right place to contact. Our insurance company specializes in different types of insurance, including business insurance as well. Feel free to contact us; we will help you find the perfect policy to provide your business with the necessary protection. 

I never drive my RV. Do I still need recreational insurance?

As a recreational vehicle owner, you may wonder how much insurance you need or if you need insurance at all. Although a recreational vehicle isn’t a conventional car, it’s still a motorized vehicle that shares the road with cars, trucks, and motorcycles. As a result, recreational insurance is a legal requirement. Our team at High Favor Insurance is committed to helping Birmingham, MI recreational vehicle owners understand the insurance requirements for recreational vehicles. 

What is Recreational Insurance?

Recreational insurance is similar to auto insurance in providing liability protection and coverage for any physical damage your recreational vehicle may sustain. An RV is a house on wheels, which makes it a moving vehicle that can be used to navigate the streets and highways alongside cars and other motorized vehicles. As a result, RV owners have the same risks as auto owners when driving. This is why liability coverage is a requirement and possibly coverage for possible physical damage to your RV. Recreational insurance covers recreational vehicles and recreational activities, even if you aren’t in an RV. This insurance can cover campers, motorhomes, snowmobiles, dirt bikes, and ATVs. Like auto insurance, recreational insurance includes any injuries and property damage you may incur while using your recreational vehicle.

I never drive my RV. Do I still need recreational insurance?

RV insurance is a requirement regardless of how frequently you drive your RV. Even if you only use your RV once a year, you must still carry RV insurance. After all, your RV is still a moving vehicle. How much RV insurance you’re required to carry will depend on your unique situation. However, liability coverage is a requirement for all RV drivers. If you have questions about recreational insurance, call us. We’re standing by. 

Are You Required To Have Condo Insurance?

Condo rental is a great housing option that allows you a tremendous amount of freedom. There are some responsibilities, though, that come along with condo rental or ownership. Here at High Favor Insurance, serving Birmingham, MI, and the surrounding areas, we want to assist you with insurance questions, including questions about condo insurance. Keep reading to learn more.

Am I Required To Have Condo Insurance?

Condo insurance is a type of insurance product you can purchase if you rent or own a condo. It is not required that you hold this type of coverage, though. 

Is It A Good Idea To Have Condo Insurance?

Yes, condo insurance is an excellent idea. This type of coverage will provide financial protection if your personal belongings are damaged in the condo. This type of damage could result from a natural disaster, fire, or burglary.

What Happens Without Condo Insurance?

If you choose not to carry condo insurance and your personal belongings are damaged or lost, you will be required to pay out of pocket for the replacement or repair of your items. This might prove to be a financial hardship for you and your family if you don’t have the cash on hand for such expenses. Condo insurance provides you with added peace of mind in these situations so that you know that no matter what happens, you will be able to provide yourself and your family with what you need.

If you would like to learn more about condo insurance or any of our other insurance products, don’t hesitate to contact us today at High Favor Insurance serving Birmingham, MI, and the surrounding areas. We will happily answer your questions and help you find the right insurance products for your needs.   

RV Updates You Can Do This Weekend

Owning your RV is a great way to travel cheaply and see the world with friends and family. Keeping your RV in great shape is important to overall safety and for retaining the value of the RV as well. Here at High Favor Insurance, serving Birmingham, MI, and the surrounding areas, we want to help you make the most of RV ownership. Keep reading to learn about RV updates you can do this weekend. 

New Awnings 

The awnings of an RV are an important aesthetic and functional part of the vehicle. These items do wear out, though, over time. If the awning of your RV is starting to look old and dingy or has sustained some damage, you can have a new awning installed quickly. Putting on a new awning can be a DIY project if you feel confident working with the components of your RV. 

New Tires

Just like with your regular vehicles, the tires on your RV will need regular maintenance and occasional replacement. Failing to keep up with your tire maintenance could create an unsafe traveling situation for you and your family when you travel in the RV. Make tires a regular part of routine maintenance. 

Security Upgrades

Your RV is your home away from home. For this reason, you should take steps to ensure that your RV is safe and secure. Many of the same types of security technology available for your home also work well for your RV. Ring doorbells, motion sensor lights, security cameras, and motion sensors can be installed on your RV to keep you and your family safe while traveling. 

If you would like to learn about RV insurance, please get in touch with us at High Favor Insurance, serving Birmingham, MI, and the surrounding areas. 

Preparing For Motorcycle Rides This Upcoming Summer

Nothing is more exciting than getting ready for summer rides as a motorcycle rider. With the warmer weather here, you’ll see more riders on the streets of Birmingham, MI. Extra caution is always needed, which is why the professionals at High Favor Insurance are always ready to help with the right insurance policy. Before you hit the open roads this summer, have these things in place to ensure your ride is as smooth and enjoyable as possible.

Routine Maintenance

Taking care of your bike is always essential, but this summer is even more crucial. With the warmer weather, you can expect more time spent on the road and less time-making repairs. It’s also much safer with a well-maintained motorcycle. Below are some basic maintenance tips for the summer season.

  • Engine fluids– Check or change your oil. Changing the oil and filter regularly gives you better riding performance.
  • Air filter– Replace the air filter for better fuel efficiency.
  • Tires- Check the tires’ tread depth and replace them if necessary.
  • Brakes and battery– inspect the brakes and battery. If they need to be replaced, do it before the summer season starts.

Brush Up On Defensive Driving Habits

As a motorcyclist, it’s always important to remember defensive driving habits. Don’t assume that other drivers always see you, obey the speed limits, and avoid quick lane changes. These habits will keep you safe on the road, even during busy times. If you’re a new rider, taking a defensive driving course to learn more doesn’t hurt. Regardless of your experience level, staying vigilant while riding is important.

High Favor Insurance will love to help if you want to know more about motorcycle insurance in Birmingham, MI. Don’t hesitate to call us if you’re going to get an estimate. 

Does Boat Insurance Cover a Boat While in Transit to a Waterway?

Your boat policy from High Favor Insurance may or may not cover your boat while it remains in transit. Whether a policy provides coverage depends on the boat, the policy terms, and whether you added riders.

Here’s a common scenario. You drive from your Birmingham, MI home to a nearby lake to enjoy a day on the water. You tow your boat on a trailer. Your trailer loses a tire, and your boat incurs damage.

Most boat policies cover land transportation for craft less than 30 feet in length. Boats larger than that may receive coverage under the stipulation that the owner hires a professional transportation company to move the boat to the waterway.

Not every policy uses that length as a guideline. Some companies consider a boat to measure 26 feet in length or less, but a yacht to measure 27 feet in length. Although both types of policies come from the same company, the coverages of a boat policy differ from those of a yacht policy.

We say most because every policy differs. That’s why meeting with your insurance agent to review the policy before you purchase it remains a top priority. Underwriters get a say in what a policy contains, so if an area experiences many transportation accidents, that might preclude this coverage from inclusion.

Contact High Favor Insurance for a Boat Policy Review and Update

A rider can add land transportation coverage when it doesn’t automatically appear in the policy. Contact High Favor Insurance for a boat policy review and update. Let us help you insure your boat while in use on the waterways near Birmingham, MI, on the road to the lake, and parked in your driveway or drydock.

How Umbrella Insurance Mitigates Risks

One of the best ways to mitigate risks is to take out so-called umbrella insurance, which is a type of liability insurance policy that provides extra coverage beyond the limits of your other insurance policies, such as home insurance. Umbrella insurance can cover a variety of things. However, what’s covered depends highly on your specific policies. Want to learn more about coverage specifics? Contact High Favor Insurance, serving the greater Birmingham, MI area.

How Umbrella Insurance Reduces Risks

Umbrella insurance can provide additional liability coverage above and beyond the limits of your regular insurance policies. This can help protect you in the event of a lawsuit or other liability claim that exceeds the coverage limits of your primary insurance policies. However, reading specific policies is crucial to see what is and is not covered.

Further, umbrella insurance can cover certain types of claims that your other insurance policies, such as libel or slander civil suits, might not cover. Or it might provide coverage if a dog or child in your household causes an injury, perhaps even off of your property. It’s crucial to talk with an insurance agent to learn what your standard insurance policies cover and what umbrella insurance can provide coverage for.

Beyond mitigating risks, having umbrella insurance can provide peace of mind. When you know that you have additional protection in the event of a catastrophic event or lawsuit could help folks relax. This could add to your quality of life, reducing stress and anxiety, which could benefit your personal and professional life.

Overall, umbrella insurance can help mitigate risks by providing additional liability coverage, protection against broader coverage for certain types of claims, and peace of mind. It can help protect your assets and financial future in the event of a lawsuit or other liability claim. Of course, it’s crucial to read the specifics of each plan to see what is covered.

If you’d like to explore the specifics of umbrella insurance coverage, contact High Favor Insurance, serving the greater Birmingham, MI area.

How much renters insurance do I need?

Renters insurance is a great way to protect yourself and your property in the event of any damage or theft. But how much coverage do you need? The answer isn’t necessarily simple, but here are a few thoughts from us at High Favor Insurance for Birmingham, MI area renters.

As a rule of thumb, most renters should look for enough coverage to replace their possessions if they were all lost in an incident. This means you’ll need to consider the value of your furniture, electronics, appliances, clothing, and anything else inside your rental unit. 

A good starting point for figuring out this number is by thinking about how much it would cost to replace each item in the event of a total loss. You may also want to add a buffer for any unexpected costs associated with replacing or repairing items. If you’ve got expensive items such as artwork or jewelry that would be difficult to replace without additional funds, make sure you account for those items specifically when purchasing renters insurance. 

When shopping around for renters insurance, make sure to compare different policies and providers so that you can find one that fits both your needs and budget. For example, some policies may offer more extensive coverage than others but come at a higher price point. On the other hand, some basic plans still provide valuable protection at lower costs. Take the time to explore different options before making a final decision to ensure you get the best policy possible while still staying within your price range. 

For more information, give us at High Favor Insurance a call today. We proudly serve the Birmingham, MI area.