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Umbrella Insurance

Three things to do when you’re interested in buying umbrella insurance

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Umbrella Insurance | Shield Quoting Portal | Business Insurance

Umbrella insurance is great to have if you want total financial protection. Consumers on the market for umbrella insurance in Michigan can purchase the coverage they’re looking for from Shield Insurance Agency. 

It’s essential that you go through a few steps before you purchase an umbrella insurance policy.

The following are three things to do when you’re interested in buying umbrella insurance:

Research umbrella insurance so that you know what you’re getting

Misconceptions about umbrella insurance are common, so it’s important to do your research and make sure you completely understand umbrella insurance before purchasing a policy.

Remember that umbrella insurance protects you against liability expenses. This is not a type of insurance that insures your personal belongings like your vehicle. 

Determine what the total value of all your assets is

You’ll need to choose how much coverage to carry when you purchase umbrella insurance. It’s best if you have enough coverage to equal your net worth.

As part of preparing to buy umbrella insurance, it’s good to evaluate your assets and find out what your total net worth is. This will help you to choose the right amount of coverage. 

Shop around with different umbrella insurance providers

You’ll have options to pick from when you buy an umbrella insurance policy. You should explore your options so that you can get a policy that meets your specific needs. 

Research different umbrella insurance providers in your area and get quotes on policies from numerous companies so that you can compare. 

Give Us A Call

Once you’ve done all the things mentioned above, you can choose an umbrella insurance policy that’s right for you. Shield Insurance Agency can come to your assistance to get a quote on an umbrella insurance policy in Michigan. 

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Flood Insurance 101

Flood Insurance 101: Understanding the Basics

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Flood Insurance | Shield Insurance Agency | Self-Quoting Portal

Flooding is one of the most common and destructive natural disasters in the United States, and it can happen anywhere. If you live in an area that is prone to flooding, it’s important to understand the basics of flood insurance and how it can protect your home and belongings. At Shield Insurance Agency, we understand the importance of flood insurance in Michigan, which is why we have created this guide to help you understand the basics.

Flood Insurance: The Basics

First, it’s important to understand that standard homeowners insurance policies do not cover damage caused by flooding. You will need to purchase a separate flood insurance policy in order to be protected. Flood insurance is available through the National Flood Insurance Program (NFIP), and it can be purchased through Shield Insurance Agency.

Flood insurance policies are divided into two types: building coverage and content coverage. Building coverage covers the structure of your home and any permanently attached fixtures, such as built-in appliances and cabinetry. Contents coverage covers personal possessions such as furniture, clothing, and electronics. You can purchase both types of coverage, or just one depending on your needs.

When purchasing flood insurance, it’s important to understand the difference between a preferred risk policy and a standard policy. Preferred risk policies offer lower rates for properties in low-to-moderate risk areas and are generally less expensive than standard policies. However, it’s important to note that even if you live in a low-risk area, you are still at risk of flooding.

Give Us A Call

At Shield Insurance Agency, we understand that purchasing flood insurance can be overwhelming, which is why we are dedicated to helping our customers in Michigan understand the basics of flood insurance and find the right coverage to protect their homes and belongings.

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Worker's Compensation

What’s Covered in Worker’s Compensation?

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Worker’s Compensation | Business Insurance | Shield Self-Quoting Portal

At Shield Insurance Agency, we’re providing worker’s compensation to the people of Michigan. As a worker, this form of insurance will create a sense of financial security in the event of a workplace injury or an illness. Whether you’re dealing with medical bills or a loss of income, you have the right to file a claim at our agency.

What Policies Are Covered in Worker’s Compensation?

Your compensation plans will be based on the type of insurance that you buy. Some customers will buy full or partial packages, while others will have their insurance policies tailor-made to suit their needs. In a worker’s compensation package, you should search for whether the package contains policies for income loss, medical costs, or disabilities caused on the job.

You’ll also want to know whether your worker’s compensation insurance covers specific situations. There are medical claims, temporary disability claims, permanent disability claims, and compensation for workers undergoing vocational rehabilitation. If a worker dies as a result of a workplace incident, his or her family members may be entitled to file a worker’s compensation claim with the insurance agency. Knowing what type of file to claim will help you during your time of distress.

Purchasing Worker’s Comp Insurance in Michigan

If you’re looking for quality worker’s compensation, the Shield Insurance Agency is available for business. In addition to worker’s compensation for workplace injuries, we also offer home insurance, auto insurance, contractor’s insurance, business insurance, and more. To get in touch with one of our agents, contact Shield Insurance Agency today. We’d be happy to schedule an appointment with you right away to discuss your options.

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Can I get Health Insurance with Pre-existing Conditions?

Can I get Health Insurance with Pre-existing Conditions?

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Health Insurance | Over 65? Click here

Many people wouldn’t be able to afford healthcare if they had to pay for it out of pocket. This is one of the many reasons why health insurance is a wise investment. Our team of insurance experts at Shield Insurance Agency is dedicated to helping Michigan residents understand the benefits of health insurance.     

What is Health Insurance?

In short, health insurance helps you pay for your healthcare. Your health insurance will pay for a portion of your healthcare costs or all of the costs after you pay a monthly premium.

Can I get Health Insurance with Pre-existing Conditions?

As a result of the Affordable Care Act, health insurance companies can’t deny a person coverage based on their pre-existing health condition. A pre-existing condition is a health issue that was present before you got healthcare coverage. Health insurance companies aren’t allowed to deny you coverage based on a pre-existing condition.

They’re also not allowed to charge you more as a result of any prior/ pre-existing health issues. Many health insurance companies consider many common chronic ailments as pre-existing conditions. A person with cancer, diabetes, asthma, and more, would be examples of pre-existing conditions. Even pregnancy can be considered a pre-existing condition. Health insurance companies aren’t allowed to discriminate against people who have these pre-existing conditions and more. 

Conversely…

If you enrolled in your healthcare plan prior to the Affordable Health Insurance Act, you have a grandfathered plan. This means that your insurance policy can still cancel your policy or raise your rates due to a pre-existing condition. However, our team is committed to answering your healthcare questions and getting the coverage you need.

Contact Us Today

We at Shield Insurance Agency are standing by to serve Michigan residents. If you are enrolled in a plan that started before 2010, you have a “grandfathered plan”. These plans can cancel your coverage or can charge you higher rates due to a pre-existing condition.

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Should everyone in Michigan get auto insurance?

Should everyone in Michigan get auto insurance?

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In the state of Michigan, owning a car is a good idea. When you are a car owner here, you will have an easy and convenient way to get around the state and enjoy all that it has to offer. When you are going to drive a car here, you also need to carefully assess your auto insurance needs.

There are various reasons why you should always get an auto insurance plan:

Protect Your Car

A reason that all people here should have an auto plan is so they can protect their car. If you are going to buy a car, you will want to know that it is covered in the event there is an incident of theft or an accident. When you are insured with auto insurance, you will have support in these cases. It is important to select a collision and comprehensive plan to ensure you have full coverage. 

Meet Auto Insurance Obligations

You also should obtain auto insurance coverage to meet any of your insurance obligations. People that live in Michigan will need to have liability coverage in order to drive their car on a public road. Further, those that have taken out a loan when buying a car will need to have comprehensive and collision coverage. If you remain properly covered, it will ensure you are in good standing with your obligations. 

Get The Right Coverage For Your Needs

It is always a good idea for someone here to get auto coverage. As you shop for insurance, discussing your insurance needs with the Shield Insurance Agency is always a good option. Our team of insurance experts at Shield Insurance Agency will give you the guidance to build your next plan. This can help ensure you are properly covered and in good standing with any obligations. 

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Shield Insurance Blog - .What is the value of having an auto insurance plan in Michigan

What is the value of having an auto insurance plan in Michigan?

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For anyone living in the state of Michigan, having a car can be a great idea. With a car, you will be able to get around all of the great parts of the state including large cities, small lake communities, and plenty of recreational activities throughout the area. If you are going to buy a car in this area, you will also want to know that you get the right auto insurance.

An auto insurance plan offers various forms of value:

Ensure You are Supported and Protected

If you do get an auto insurance plan, it will help to ensure you are covered as well as possible. With the right plan, you will get the support you need to replace or repair your car if you incur a covered loss. Further, you will have support if you cause an accident and need to cover the damage.

Remain in Compliance

You also will need to have an auto insurance plan so you can remain in compliance with any requirements you may have. Those that drive any type of car in this state will need to carry insurance to meet the state’s minimum liability coverage standards. You also will need to have coverage to meet any requirements that may be set by your auto loan provider. 

Get Auto Insurance Today

If you would like to purchase a car in Michigan, it is very important that you get proper insurance. As you are looking for coverage, it would be wise for you to call the team with the Shield Insurance Agency. Those that do work with the Shield Insurance Agency will get a lot of help in deciding what the right policy is for their situation. This will help give you comfort that you are selecting the right policy. 

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Shield Insurance Blog - Commercial Inventory

Guidelines for properly calculating insurance coverage levels for commercial inventory

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Commercial Inventory | Business Insurance | Self-quoting Portal

Shield Insurance Agency is here to assist business owners in the state of Michigan with all of their insurance needs. We can help you determine how to calculate your insurance needs to adequately protect your commercial inventory.

Give us a call today and let us get started on helping you!

Guidelines for determining how much coverage your commercial inventory requires

Inventory can be a tricky business when it comes to determining how much insurance coverage you need to protect your investment. This can be made even more difficult if you are a seasonal business or if your business has significant fluctuations year over year. Even for businesses that are relatively stable, calculating inventory coverage can be challenging.

The first thing to look at is the time of year when your business has the most inventory. For some, it may be at the start of the year, and for others, it could be right before the busy holiday season. Whenever this time period may be for your business, it’s important. Once you review your inventory trends, and when they are at their highest level, you will be in a better place to determine your inventory insurance needs.

Typically, a business can look at its highest inventory level and make the decision to have its insurance coverage match that level. This is a smart idea for businesses that have inventory that is of extremely high value or moves rather slowly throughout the year.

Let’s work together to protect your inventory!

Michigan business owners can depend on Shield Insurance Agency for all of their commercial insurance needs. If you have questions about commercial insurance, we are here to help. Give us a call today and let’s get started working together! We look forward to hearing from you.

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What Types Of Businesses Need Commercial Insurance?

What Types Of Businesses Need Commercial Insurance?

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If you are a business owner, you know that there are many things to consider when it comes to protecting your company. One of the most important aspects of running a business is ensuring you have the right commercial insurance coverage.

But what types of businesses need commercial insurance?

Let’s take a look at some common examples:

Businesses That Have Employees

If you have even one employee working for your company, you’re required to carry workers’ compensation insurance. This type of insurance will protect your employees if they’re injured on the job. It’ll also help to cover their medical expenses and lost wages.

Also, if you have any type of business that involves customers coming into contact with your employees, you’ll need to carry liability insurance in case a customer is injured on your property.

Businesses That Own Property

If you own the property where your business is located, you will need to have property insurance. This type of coverage will protect your building and contents in the event of a fire, theft, or other types of damage. You’ll also need to carry liability insurance in case someone is injured on your property.

Businesses That Use Vehicles

If your business uses any type of vehicle, you’ll need to have commercial auto insurance. This will protect your vehicles in the event of an accident, damage, or theft. Note that personal auto insurance policies will not cover vehicles used for business purposes.

Businesses That Sell Products

If you sell products, you’ll need to have product liability insurance. It’ll protect your business in the event that a customer is injured by one of your products. If you have a business in Michigan, it could be prudent to talk to an agent from Shield Insurance Agency to get a product liability cover for your business.

Contact Us Today

There are many different types of businesses that need commercial insurance. The four examples we’ve listed above are just a few of the most common ones.

Shield Insurance Agency in Michigan can help you find the right coverage for your business, no matter what type of company you have. Give us a call today to get started.

 

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How Do I Get Recreational Insurance?

How Do I Get Recreational Insurance?

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Recreational Insurance| Shield Quoting Portal | Recreational Insurance |

If you want to buy insurance for recreational activities like fishing or golf, you will likely have to buy it separately from your homeowner’s or car’s insurance.  If you are self-employed or work for a small company, you may be able to get coverage through your small business owners or association insurance plan. 

Some employers may also offer group health insurance that covers some or all of the cost of recreational insurance. To learn more, consult with Shield Insurance Agency in Michigan. 

Recreational Insurance: What You Need To Know

Recreational insurance is specifically designed to help protect your investment in a vacation. You can get this type of coverage through an association, an organization, or a company. 

Associations provide lower rates because they tend to have higher-risk members. 

You can purchase a policy that specifically covers recreational activities, or purchase a general homeowners or renters policy. 

You can compare the cost of recreational activities to the cost of replacing the item. If the activity costs less than the item, you may be able to file a claim with your homeowners or renters insurance. 

When you go to buy your recreational insurance, you will likely be required to have some money in a certain type of account. 

Recreational insurance protects you from any potential damages or harm that you might face while participating in a recreational activity. 

Let’s say you are going camping with your friends and you go hiking in the mountains, and while hiking, one of your friends slips and falls down a cliff. 

What if he ends up breaking his arm? You will be responsible for them if you don’t have any sort of recreational insurance. 

Contact Us Today 

It’s important to obtain some sort of recreational insurance before engaging in any recreational activities. It could be as simple as getting an umbrella policy that covers all the things while engaging in a recreational activity. 

You can also get specific policies for different activities such as skiing or snowboarding, mountain climbing, etc. For expert advice, give us a call at Shield Insurance Agency in Michigan.

 

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The Drawbacks of Not Having Renters Insurance

The Drawbacks of Not Having Renters Insurance

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As a renter, you might feel like you don’t need insurance. After all, your landlord has insurance, right? And your belongings aren’t worth that much, right? Wrong. There are many drawbacks to not having renters insurance. Shield Insurance Agency in Michigan provides you with this guide to navigate the issues around not having this coverage. 

The Drawbacks of Not Having Renters Insurance

1. You Could Be Held Liable for Damages

Did you know that you could be held liable if someone is injured on your property? If a guest trips and falls in your apartment, for example, you could be sued for their medical bills. Without coverage, you’ll pay those bills out of your own pocket. This can quickly become very expensive, especially if the injury is serious.

2. Your Personal Belongings Won’t Be Covered by Your Landlord’s Insurance

Your landlord’s insurance policy covers the building itself, but it does not cover your personal belongings. If there is a fire or another type of disaster, you would have to replace everything yourself. This can be very costly, even if you don’t have a lot of possessions.

3. You Might Be Kicked Out of Your Apartment

Some landlords require their tenants to have renters insurance. If you don’t have it and your landlord finds out, they could give you notice to vacate the property. This means you would have to find somewhere else to live, which can be very difficult on short notice.

4. You Could Miss Out on Important Coverage

Renters insurance doesn’t just protect your belongings; it also provides liability coverage and can even help with temporary living expenses if your apartment is damaged and you have to move out. Without renters insurance, you could be left without a place to live while your apartment is being repaired.

Get Renters Insurance in Michigan

As you can see, there are many potential drawbacks to not having renters insurance. It’s important to weigh the pros and cons before deciding whether or not to purchase a policy. Shield Insurance Agency can help you find the right renter’s insurance policy for your needs. Give us a call today to get a free quote.

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