Variables To Consider While Researching Recreational Insurance Policies

High Favor Insurance covers the Birmingham, MI community, as well as the surrounding areas. We strive to ensure that our clients find the coverage they need to protect their assets. We offer multiple types of policies so that our clients can find coverage regardless of their situation. Offering great customer service is a point of emphasis.

Variables To Consider While Researching Recreational Insurance Policies

Recreational insurance covers you as you travel around Birmingham, MI in your RV, ATV, or camper. Recreational insurance covers your vehicle if it is damaged in a collision. You are also covered if your vehicle damages someone else’s property or if you accidentally cause someone to get injured. You can opt for comprehensive coverage that protects your vehicle in unique situations. You are covered if your vehicle is stolen, vandalized, or damaged due to inclement weather. You can also add extra coverage to cover any damage to custom parts of your vehicle. Liability coverage protects you if a passenger gets injured while they are riding on your recreational vehicle.

You have to find a recreational policy. You cannot amend your auto insurance policy to cover your recreational vehicle. Consider adding emergency assistance coverage. This type of coverage protects your vehicle if it suffers engine failure, and you need urgent assistance. Think about the off-season as well. An accident may occur while your vehicle is in storage. Perhaps an accidental fire starts. If you don’t have year-round coverage on your RV, you risk being left unprotected when you need it most.

High Favor Insurance Will Help You Cover Your Assets

Visit our website to learn more information about recreational insurance.

What comes with a RV insurance plan?

When you are in the Birmingham, MI area, you are going to want to experience all that the area has to offer. A way that you can explore this part of Michigan is by getting your own RV. This can give you a great way to drive around the state while also having a convenient and comfortable place to sleep and relax when you are off the road. Along with your RV, you should get insurance for it as it offers some valuable coverage. 

Protection for Vehicle

One of the benefits that you can receive with your RV insurance plan is protection for your vehicle. With an RV, you will need to make a big investment that you should always try to protect. If you have RV insurance with full coverage, you can receive protection if your RV is stolen or involved in any type of accident. If you have an RV loan against the vehicle, the lender will usually require full coverage as well.

Liability Support

All RV owners need to carry liability insurance. Not only is it required by law for all motorists to have this, but RV liability coverage can provide protection when your vehicle is not on the road. If you have a guest visiting you when you are not driving, you will have liability support if the person is injured and incurs a loss that you are responsible for.

As you are looking for an RV insurance plan in the Birmingham, MI area, it would be helpful to speak with the professionals. The team with High Favor Insurance can provide all the support that is needed to choose a plan that will meet your needs. High Favor Insurance will be able to answer your questions and give any support that is needed to build a policy that is right for you. 

Is Motorcycle Insurance Mandatory in Michigan?

A bike is much more than a frame and some parts. It’s an integral cog to a life full of adrenaline rush and limitless joy. While you may also use your bike to run errands or commute, don’t forget one thing — motorcycle insurance. And to help you understand the ins and outs of motorcycle insurance in Michigan, High Favor Insurance of Birmingham MI, shares all you need to know about motorcycle insurance.

Is motorcycle insurance required in Michigan?

Absolutely yes. The state requires you to show proof of motorcycle insurance before registering your bike. Besides, when riding your bike on public roads, you need to carry motorcycle insurance all through. Failure to show proof of motorcycle insurance may result in hefty fines and penalties, including jail time.

What’s the legally required motorcycle insurance?

According to Michigan law, a motorcycle isn’t a motor vehicle, and therefore no-fault law doesn’t extend to bikes. Nevertheless, while bikes don’t fall under the no-fault law, you need to carry the below state-required motorcycle insurance coverages. 

  • Bodily injury liability: This pays for injuries to third parties for accidents you are deemed liable. The minimum requirement is $50,000 for each person killed or hurt in an accident. You need to purchase $100,000 per accident involving several persons. 
  • Property damage liability: Protects you when you cause damage to other people’s properties. The minimum requirement is $10,000 per accident.
  • Medical payments: This coverage pays for the medical expenses and funeral expenses for accident-related injuries regardless of who was at fault. 

While it’s essential to observe the state-required minimums, these coverages may not be adequate to protect your bike optimally. That said, you need to consider the below optional motorcycle insurance coverages.

  • Collision coverage
  • Comprehensive coverage
  • Underinsured/uninsured motorist coverage
  • Roadside assistance

Are you shopping for motorcycle insurance in Birmingham, MI, and its environs? Please partner with High Favor Insurance. We will offer you an affordable motorcycle insurance plan and help you file a claim in case of an accident.

Why Boat Insurance Is Such a Smart Investment

Do you own a boat? If so, you may wonder why your boat should be insured year-round. After all, you only use it a few months at a time. This is a good question and one that every boat owner is bound to ask.

One of the top reasons boat owners may cancel their coverage with High Favor Insurance each season is to save money. However, something many boat owners in Birmingham, MI, don’t realize is that this isn’t the case. In fact, canceling insurance after boating season has passed may wind up costing more in the long run. If you are thinking about keeping boating insurance only during boating season, there are a few reasons you should consider carrying it throughout the year.

It May be Required

Your boat is an expensive investment. If you have financed your boat, you will likely be required by the lender to keep insurance throughout the year rather than paying for it upfront. This makes sense because the lender has made an investment, too. They must protect the investment, which is necessary during boating season and during the off-season. Along with lenders, most marinas will require you to have insurance to dock your boat at their facility.

The Risk Out of the Water

At a minimum, your boat insurance needs to protect against vandalism, theft, and fire, which can occur at any time, not just during boating season. These events are typically unpredictable, and many are more likely to occur during winter when boatyards are usually left unattended.

Getting Proper Boat Insurance Coverage

The amount of coverage you need for your boat is dependent on many factors. Working with High Favor Insurance professionals, who serve individuals in and around the Birmingham, MI area, is a good first step. This will help you get what you need for a price you can afford.

How Umbrella Insurance Keeps You Safer

Most insurance policyholders in Birmingham, MI, get the shock of their lives when faced with liabilities beyond their current coverage. When dealing with losses not covered by your policy, it may be frustrating trying to get back on your feet after an accident. Have you been wondering where to get an all-inclusive insurance policy and the benefits such a cover offers? Our umbrella insurance policy at High Favor Insurance is your all-under-one-roof solution. 

Here are some real benefits of umbrella insurance. 

Broadened Coverage

Your basic insurance coverage policy can only cover as much. In case of liability claims that exceed such policies’ limits, you might have to pay from your pocket. Unless you consult Favor insurance for a broad and inclusive insurance plan, you’ll be in trouble when peril strikes. This option ensures that Birmingham, MI residents have an expanded coverage plan that covers varying situations.  

Coverage for Third-party 

Apart from having a broadened scope for covered losses, this option is also inclusive. The coverage further covers other members of your family. The capacity to cover other members beyond the policyholder is vital, more so if you have a family. 

Pocket Friendly 

You probably imagine that this insurance option is expensive considering that it’s broader and all-inclusive. On the contrary, this plan is pocket-friendlier than most basic plans and offers policyholders attractive deals when comparing the expanded liability options, you’ll get. High Favor Insurance has one of the most reliable yet pocket-friendly umbrella insurance plans in the market today. 

Expand Your Liability Coverage Today 

Perils are unpredictable and hard to quantify. Some losses exceed what your primary insurance policy can cover. When this happens, our clients living in Birmingham MI don’t have to worry about paying out of their pockets. High Favor insurance is at your service when you need a cheap, reliable option. 

Contact us today for umbrella insurance plans.  

What protection does renters insurance offer

Whether you have been a renter for years or are a new renter, you may not understand the value renters insurance provides. You may be under the mistaken impression your landlord has insurance that protects you. Landlords protect their buildings, not their tenants. If your rental is damaged all your personal effects could also be damaged or lost. At High Favor Insurance in Birmingham, MI, our experienced team is here to help all of our customers every day with the highest level of service possible. 

Rental insurance offers a variety of different types of coverage. All of them are beneficial. 

Theft

Birmingham MI is a pretty safe place to live but theft does happen. If you happen to be on the receiving end of it, your renters’ insurance will help you to replace what was lost. It will even cover items you may have had with you when you are away from home. 

Personal possessions

Your rental is filled with things you own and may cherish. Your furniture, appliances, clothes, electronics, and much more. Losing all of these would be traumatic for anyone and having to replace them out of pocket would be financially devastating. 

Liability

You may assume someone visiting you who was injured would be the responsibility of the landlord. Never assume anything. While they are inside of your rental, they are your problem. As a renter, you are just as likely to be sued as anyone else. Rental insurance provides coverage. 

Lose of Use

If something happens to damage your rental so badly you cannot live in it for a period of time, rental insurance will help to pay for a place for you to stay until you can move back. 

Contact High Favor Insurance in Birmingham, MI for all your insurance needs and to learn more about the benefits of renters insurance. 

Do I need to buy additional insurance when renting a car

Renting a car is so easy these days, you can do all the work online before you leave home. Whether you are renting locally or going on vacation, you will have to decide if you need to buy additional insurance. It isn’t as simple as it sounds since there are lots of different insurance being offered and you want to make sure you are not duplicating coverage you might have already. When you have questions about auto insurance, High Favor Insurance in Birmingham, MI has the experienced team you are looking for. 

Before you decide if you need to add more auto coverage when renting a vehicle call your insurance agent and ask them if you are adequately covered. A lot will depend on your policy and its coverage and which carrier you have. There isn’t one simple answer to this question. 

If you are confident your liability insurance coverage on your auto insurance is enough then you definitely don’t need to take the liability insurance the rental company will be offering. You may even have an umbrella policy that adds a layer of additional liability. 

If you have a vehicle similar in value to the one you are renting, your comprehensive and collision insurance should be enough to protect you against any damage you sustain in a rental vehicle. If you don’t have collision and comprehensive coverage you should take the Collision Damage Waiver. This will free you from having to pay for any damage to the rental vehicle or theft of the vehicle. Most of these policies do have a deductible. This coverage is the only one you may want to take advantage of. 

Contact High Favor Insurance in Birmingham, MI for all your insurance needs. We provide no-obligation quotes and are happy to answer any questions you may have. 

What type of commercial insurance is required in Michigan

As a business owner in Michigan, nobody knows better than you the risks and challenges that come with owning a business. Commercial insurance helps to make the risks more manageable. It is designed to fit your particular business. What is right for one business may be totally wrong for another. Some types of commercial insurance are beneficial to most businesses and others are required by the state. At High Favor Insurance in Birmingham, MI, we are independent agents who understand the importance of commercial insurance to business health. 

Two types of commercial insurance are mandatory in Michigan, workers’ compensation, and commercial auto. Other types of commercial insurance are important to your business even if they are not required. 

Workers’ Compensation

If you have employees, all of them who work 35 or more hours per week must be paid benefits if they are injured on the job. Employees must have the ability to receive reasonable and necessary medical care. Most employers provide this with workers’ compensation insurance but it may also be provided through self-insuring. 

Commercial Auto Insurance

If your business owns vehicles, you must have commercial auto insurance in the amount of 20/40/10. That is $20,000 in injuries per person, $40,000 per accident, and $10,000 for property damage. This is the lower end of the requirements, it likely isn’t the amount you will want to have, 

Coverage not required that you may want to have for your business:

  • Business liability insurance
  • Business property insurance
  • Business income insurance 

Business Owners Policy

Many businesses decide to combine business liability and property insurance into one customizable policy know as a Business Owner’s Policy (BOP). This is usually a cost-efficient way to get this coverage. 

Business Income Insurance

If your business is not able to operate due to a covered incident, this covers payroll, rent, business income, and any other monthly bills your business has. 

Contact High Favor Insurance in Birmingham, MI to discuss your commercial insurance needs. 

3 Tips for Buying Recreational Insurance in Birmingham, MI

Immersing yourself in the Birmingham, MI great outdoors is easy and fun with recreational vehicles. From RV’s to ATV’s and everything in between, explore Michigan and nearby states with a slew of toys. But first, you’ll need recreational insurance to protect your recreational vehicles, yourself, and others. A policy like this will offer coverage for liability, physical damage to vehicles, and bodily injury, for example. 

Not sure where to get started? No worries. High Favor Insurance has put together these three tips to help you navigate the recreational insurance realm.

1. Compare Quotes

An insurance agent will help you find and compare recreational insurance quotes to find the one that matches your needs and price point. It’s always wise to compare several quotes as price and policy coverage differs from policy to policy.

2. Bundle All Your Policies

To earn maximum savings on your insurance premiums, we recommend bundling all your policies under one carrier. This is a great way to earn a discount as insurance companies are known for rewarding their loyal customers. Don’t forget to ask your insurance agent about other savings, such as a senior citizen or family discount. Every little bit helps!

3. Work with a Reputable Agent

Aside from the tips listed above, it’s important to work with a reputable insurance agent who listens, answers all of your questions, and explains each policy you are comparing in great detail. This agent makes recommendations and helps you narrow down your choices to the final one.

To learn more about securing recreational insurance in Birmingham, MI, contact High Favor Insurance today. Our friendly, reputable agents are standing by right now to offer assistance. 

Do I need condo insurance in Michigan?

In the Birmingham, MI area, purchasing your own home can be a great long-term option. If you do decide to purchase your own property here, you should also spend time assessing your personal insurance needs. There are many reasons why someone may need to get a condo insurance policy here. 

Insurance is an Association Requirement

One of the main reasons that you need to get condo insurance when you are in Michigan is that it is a requirement of your association. Anyone that lives in a condo that is also part of a condo association needs to spend time assessing their association rules regarding insurance. If you are required to carry condo insurance, it is important that you get into a policy that offers the protection expected by the association. Most of the time, you will need to provide evidence of this coverage regularly.

Insurance Required by Lender

You will also need to get condo insurance because it will be required by your mortgage lender. Any mortgage lender is going to require that you maintain condo insurance at all times. They end up requiring this, and often also escrow for payments, as it ensures their collateral continues to be protected with insurance at all times. 

When you are shopping for condo insurance in the Birmingham, MI area, you need to make sure that you speak with someone that understands this form of insurance. When you call High Favor Insurance, you are going to get the guidance that you need to build a quality policy. The team here will be able to assess your insurance needs to make sure that you get into a policy that meets your needs. High Favor Insurance is able to do this by carefully assessing your personal needs and options.