Should Insurance Coverage Exceed The Value Of Your Covered Property

People who are shopping for commercial insurance may be uncertain about the amount of coverage that is adequate for their needs. One question that many have is how much is enough and should the amount of the policy exceed the actual value of the insured property.

Property Insurance

When purchasing commercial insurance for a specified property, it is important to consider a few factors first. If the business is located in the same building with other companies, or are located in a strip plaza or mall, they will need a greater amount of commercial insurance. Generally, they should carry a policy that reflects the value of the structure they reside in or around for liability purposes. Those who own a stand-alone business should calculate the value of the building and property, as well as any relevant equipment and supplies that are covered by the policy. Once a figure is drawn, select the next highest level of insurance coverage available. 

Let an Agent Assist You With Selection of a Policy

When sleeting a policy to protect a business or commercial scenario, make sure to work with a licensed and reputable insurance agency with agents who know the ins and out of commercial coverage. Those who own a business near the Birmingham, MI area can count on High Favor Insurance to provide them with answers to questions and high-quality commercial insurance products for all size endeavors. 

Anyone interested in getting the right coverage for their business, should call or stop by High Favor Insurance, serving the Birmingham, MI area to find out more about options and to speak directly with a qualified insurance agent. 

3 Tips for Buying Recreational Insurance in Michigan

Whether it’s winter or summer, there are so many recreational toys you can play outdoors with in Birmingham, MI. From snowmobiles to four-wheelers and boats, outdoor life in Michigan is so much fun. However, you’ll want to protect your toys with recreational insurance so you can keep on having fun. Not sure where to start? The team at High Favor Insurance has put together a list of tips to begin the process. Read on to learn more.

1. Work with a Reputable Insurance Agent

The first thing you should do is contact a reputable insurance agent who can help you find the right policy for a price you can afford. These agents know the world of insurance and have information at their fingertips that you don’t have. They will answer all your questions and guide you through the policy buying process from start to finish.

2. Compare Several Insurance Quotes

A reputable insurance agent will help you go over several quotes before narrowing them down and then finally purchasing a policy. It’s essential to compare several quotes to make sure you are getting the right coverage at a price you are happy with.

3. Bundle Your Insurance Quotes

When purchasing recreational insurance, you can save money on your premiums by bundling all of your insurance policies under one carrier. Your reputable agent can help you with this process by finding the best carrier that delivers both sound protection and cost-effective policies.

To learn more about purchasing recreational insurance, contact the reputable team at High Favor Insurance in Birmingham, MI today. We can be reached at 248-765-8675. Agents are standing by to take your call.

Condo insurance: Why it is different from home and renters insurance

Your home, whether it is a rented apartment in Birmingham, MI, a condo, or a house you bought, is your primary space for resting. It is where you keep your assets and valuables. That means that you need to purchase insurance to protect you, your family, and your loved ones, as well as the content.

Depending on where you live, you will need to buy either condo insurance, home insurance, or renters insurance. If you live in a condo, you will need to purchase condominium insurance. High Favor Insurance will help you discover why condo insurance is different from the others.

The difference

Condo insurance is a bit similar to homeowners’ insurance as it is for people who own a condo. Homeowners insurance is a policy for individuals who own their homes while renters insurance is for those who rent their homes.

The coverage difference

The coverage also differs from one insurance to the other. For instance, condo insurance covers damages to your personal belongings and the whole condo structure and complex.

Renters insurance only covers the contents of the home and not the walls, floor, ceiling, or any other external structure. In renter’s insurance, the landlord is responsible for the structure of the building and any external structures like the gate and fence.

Homeowners insurance covers the whole home structure, other structures like the stand-alone garage, shed, and contents of the home. It has a list of covered accidents and perils similar to condo insurance and renters insurance like theft, fire, storms, tornados, and lightning.

Insurance premiums differ from one insurance provider to the other. Speak to your High Favor Insurance expert to learn whether condo insurance is right for you. Visit our Birmingham, MI offices or call us today!


How RV insurance can help you in Michigan

One dream that a lot of people have is to drive around the country in their very own RV. If you do have an RV, you should make sure that you have it adequately covered by insurance. One of the best ways to do this is by getting an RV insurance policy, which can help someone in the Birmingham, MI area in several different ways.

Protects your RV

If you are going to buy an RV, you are going to be making a significant investment that you want to pay off well into the future. One way that you can lose on this investment is if your RV is damaged, stolen, or involved in an accident, and you do not have proper insurance coverage. A full collision and comprehensive policy will protect against a wide range of situations that could cause a loss.

Liability Protection

RV owners also need to realize that they are taking on a lot of liability risks when they take their RV out on the road. Since this risk is always present, you need to make sure that you have the necessary coverage in place. When you have an RV insurance policy, you will get coverage against this risk, which will also ensure you comply with all laws regarding liability insurance in Michigan. 

If you are looking for an RV insurance policy in the Birmingham, MI area, you should reach out to the team at High Favor Insurance. When you contact the team at High Favor Insurance, you can learn a lot more about all of the different RV insurance options that you have. This will help to ensure that you find a policy that adequately covers your RV and gives you the necessary liability protection that you need. 

An Intro to Motorcycle Insurance

There are several things to understand when you own a motorcycle in Michigan. Michigan does not just have a helmet law for its motorcycle riders but it does have insurance requirements.

High Favor Insurance of Birmingham, MI wants you to enjoy the state’s roads safely. So you not only should wear your helmet, but you also need the right vehicle insurance.

It is important to understand that you need insurance before you can register your bike. You must prove financial responsibility by showing you have obtained coverage at least at the level of the state minimum requirements. That means you need liability insurance with bodily injury and property damage policies.

Michigan’s no-fault insurance policy applies to four-wheeled vehicles, not motorcycles. If you drive a motorcycle or moped of 50ccs that can exceed 30 mph in speed, you must carry insurance.

To meet with Michigan legal requirements, you need a policy that provides for bodily injury coverage of at least $20,000, $40,000 of coverage for bodily injuries or deaths of multiple people in an accident, and $10,000 of property damage coverage.

You might need more than the minimums if you typically commute on your motorcycle or travel long distances on it. The more time you ride, the better your chance for an accident.

If you skip the insurance and get caught, you could get a traffic citation. You can typically get it waived if you can prove you did have coverage at the time. If you cannot, you may lose your license and your registration.

Just visit us at High Favor Insurance of Birmingham, MI to discuss your motorcycle needs. We can help you understand the coverage you need to safely stay on the road.

How Old Do You Have to be to Legally Drive a Boat?

At High Favor Insurance, the agents know how much people who live in the Birmingham, MI area love to take to the water when it’s time to relax or go fishing. People of all ages love spending time boating, swimming, and fishing. Many kids learn to drive their parents’ boats and watercraft at an early age, but when is too early?

Under the Age of 21

Individuals between the age of 12 and 21 must have a safety certificate that indicates they have attended the mandatory safety class and passed. In order to legally drive the boat, the safety certificate must be in their possession while they are in the boat. The Boat Ed class can be found online and includes a series of quizzes that will test your knowledge of what to do if an emergency occurs. In order to pass the class and receive the safety certificate, the applicant must score 70% or higher. 

Size Matters

If a boat has a motor that produces less than 35 horsepower, kids under the age of 12 can drive it but there are key restrictions that must be adhered to. To operate any watercraft that produces over 6 horsepower, kids 12 and under must have a safety certificate and have someone 16 years of age or older in the boat to supervise. If the boat operates under 6 horsepower, there are no restrictions on age.

If you have questions about the boating laws in Birmingham, MI and whether or not your child can legally drive your boat, call the agents of High Favor Insurance today. They have the answers you’re looking for and can get you on the right track in a matter of minutes. 

How to Ensure You Have an Appropriate Umbrella Insurance Policy

Chances are you already have auto and homeowners insurance if you own a home. Having an umbrella insurance policy can be a way to protect all your assets and earnings. If you find yourself in a severe bodily injury liability lawsuit or are being slandered, legal fees can be expensive. Umbrella insurance can help you cover expenses and losses from these costly types of proceedings. High Favor Insurance of Birmingham, MI can help with exploring your options to make sure you the right umbrella insurance policy to keep you protected.

If you are interested in keeping all your assets and belongings completely protected, this type of insurance may be right for you.


There are many benefits to having umbrella insurance. It can help cover things regular auto and homeowners policies do not. Some of the benefits are:

  • Renting a property and the liability suits that may follow with renters

  • Bodily injury suits involving your home and guests or individuals that are injured

  • Paying expensive legal fees to defend yourself

  • extensive property damage

Staying Protected

Homeowners and auto insurance will only cover specific amounts of property damage and bodily injury. With umbrella protection, incidents that go beyond typical liability claims will be covered. For instance, if you are in an auto accident, and the other person vehicle is destroyed, your auto insurance may not cover this. An umbrella policy will step in and reduce costs.

If you are interested in getting an umbrella insurance policy, High Favor Insurance in Birmingham, MI can help. Our agents are knowledgeable about umbrella insurance matters and what will be covered. We can help you create a policy that works for you. Give us a call and speak with an agent today to discuss different umbrella insurance options in addition to other insurance you may need.

Renting a Home? Why You Need Renter’s Insurance

Homeowners aren’t the only ones who need insurance protection. As a renter, you can benefit from renter’s insurance to protect your personal goods. Your landlord’s insurance is designed to protect his structure, not your personal possessions. With renter’s insurance from High Favor Insurance in Birmingham, MI, you can protect your personal property against theft or unforeseen disasters. Here’s what a renter’s insurance policy can do for you.

Covers Damage or Loss of Personal Goods

If your personal goods are stolen or damaged in a major disaster, your renter’s coverage would help pay to have them repaired or replaced, according to the type of coverage you have and the limits on your policy. You can’t predict when disasters will happen but you can be prepared with insurance protection.

Renter’s insurance covers all manner of goods, from furniture and electronics to clothing, jewelry, artwork, appliances and more. If you own expensive goods, consider replacement cost coverage as it covers the cost of replacing your goods if they’re stolen or totally destroyed in a covered peril.  

Renter’s insurance protects your goods at home, in your car or even when you travel. If your luggage is stolen while traveling abroad, you can make a claim under your renter’s policy.

Provides Liability Protection

Renter’s insurance comes with liability coverage to protect you against lawsuits if someone were to have an accident on your property. If a friend slips and falls down your stairs and you’re found at fault, you could be held liable for injuries he sustains in the accident. Liability coverage pays for medical costs of accidental injuries so you don’t have to cover these expenses out-of-pocket. It also covers legal fees if you’re sued for damages.

To learn more about renter’s insurance options and costs, contact High Favor Insurance located in Birmingham, MI.

Seasonal Concerns With Your Auto Insurance Policy

High Favor Insurance in Birmingham, MI is a comprehensive insurance agency that strives to take care of all of your areas of potential liability. In this way, you can go about the business of enjoying and getting the most out of life as opposed to worrying about what may happen. 

Your auto insurance policy does not change season to season and is in force for the entire agreed-upon policy period. That does not mean, however, that there aren’t particular needs to be wary of as the seasons change during the year. We experience the four seasons here in beautiful Michigan, with brutally cold winters.

Snowy Days – In The Elements?

Speak with one of our insurance agents to learn if you should invest in added coverage for the snowy winters. If you are out in the cold more often than normal due to your vocation or lifestyle your automobile is more susceptible to incur liability. This increase is due to the extraordinary use of your car as opposed to most commuters who use their vehicle to get to and from work.  

Spring, Summer, and Fall

Your chosen vocation and lifestyle play a significant role in whether your auto insurance can remain at standard. Using your car for work on rainy spring days or leaf strewn autumn evenings can add to a standard level of risk.   

High Favor Insurance Agency LLC is located in Birmingham MI 48009. Make it a priority to stop in today to allow us to assess your insurance needs. Our agents want to make certain you have the proper coverage for your auto, home, commercial, boat/watercraft. classic car, condo, motorcycle, motor home, recreational renters, and umbrella insurance needs.  We highly favor your business. 

Which kinds of commercial insurance does a small business in Michigan really need?

As a small business owner in Michigan, you know how much work it takes to stay on top of all the things that can go wrong. You need to pay attention to the details and remain vigilant because you are responsible for what happens. Commercial insurance may seem like an inconvenience, but it helps to minimize your risks and let you stay focused on your real business.

At High Favor Insurance, we understand how important it is to be able to find the right protection so you can cut down on unnecessary stress. We also know every business is different, so what works for another small business might not work for yours at all. You may only need basic coverage, while another small business may need additional policies for special risks.

You can save money by combining the two most important kinds of insurance into one package, a Business Owners’ Policy. A BOP will generally provide property protection and general liability insurance, which can protect you from injuries at your business.

Businesses with three or more employees need to have workers’ compensation so they can protect their valued employees who become ill or injured as a result of working there. Anyone driving in Michigan needs to carry auto insurance, and if you are using a vehicle for business, you will need a commercial vehicle policy.

Your insurance coverage also covers the legal fees associated with the claims made against you. Since legal fees can account for more than damages, that takes a lot of pressure off you as the one responsible.

If you have a small business in Michigan, don’t wait to get the coverage you need. If there is extra protection you want to discuss, or if you have questions about an existing policy, please feel free to call High Favor Insurance today.