In 2020, there were 16,991 dog bite claims nationwide totaling aggregate damages of about $854 million, according to the Insurance Information Institute.1
For most homeowners (and renters), a standard policy generally covers any legal liability that may result from their dog biting or harming another individual. Typically, this coverage is designed to extend to places outside the home (e.g., a walk in the park), but may not include what happens inside a car.2
However, this coverage is not unlimited. There is a cap to liability coverage (check your policy for the limits of your coverage), and your policy may limit such coverage to one bite.
Many insurers may either cancel the policy or add a canine exclusion after paying such a claim, which means that you will be responsible for all damages in the event of a second bite.
Some policies exclude certain dog breeds from the outset, so be sure to review your coverage to ensure that your dog is not among the excluded breeds.
Also be aware of a business exclusion that may not pay on claims arising from a dog bite that occurs while you are conducting business in your place of residence.
Finally, it is important to let your insurer know if your dog bites someone or is declared dangerous under local law. Failure to inform them may affect liability coverage for subsequent injuries caused by your dog.
In Williamston, MI, CG Insurance Agency has been bringing residents the benefits of an independent insurance agency since 2015. When it comes to auto insurance, you need to make sure that you have the right coverage. Not every person or even every vehicle needs to have the same auto insurance. Sitting down with your agent can end up saving you money while making sure that the coverage you have is correct. Independent agents are able to provide their customers with more choices and you should take advantage of that.
Do I need to have auto insurance if I don’t have a loan on my vehicle?
In the state of Michigan, yes you do. You need to have a basic auto insurance policy, which means having liability coverage. The required amount in Michigan is 50/100/10.
What type of auto insurance will cover my vehicle if it is stolen?
If you carry comprehensive coverage on your vehicle, it will be covered in the event that it is stolen.
How many vehicles can I have on one auto policy?
Most auto policies are good for 4 or 5 vehicles. That is not a hard and fast rule, a lot will depend on the size of your family and the number of drivers.
I need to rent a car. Will my auto insurance cover me?
Maybe. Whether or not your auto policy covers a rental car depends on exactly what type of auto policy you have. If you have a basic policy, then no, you won’t have the necessary coverage for the vehicle. If you have complete coverage, you will likely be covered in a rental vehicle. If in doubt, give your insurance agent a call.
When you are in the market for auto insurance or need to review your coverage, call CG Insurance Agency in Williamston, MI.
An insurance deductible is an amount you, the insured, pay before any claim is paid by your insurance carrier. Depending upon the type of insurance, a policy may set the amount of deductible, or offer you the ability to select a deductible amount.
Deductibles serve a dual purpose: they save the insurance company money (including the administrative cost of processing small claims) and may help keep your premium costs lower.
Choosing the Right Deductible Amount
Generally speaking, the trade-off between deductible levels and insurance premiums is simple: The higher the deductible, the lower the cost of insurance. Conversely, the lower the deductible, the higher the cost of insurance.
Deciding how to make that trade-off is a function of math and your own comfort level with higher out-of-pocket costs if you choose a higher deductible.
Only you can decide if saving $65 a year in premiums for a deductible that is $500 rather than $200 is worth it to you. You may find that the relationship between deductible amount and premium cost is different depending upon the type of insurance. For instance, the savings with a higher deductible may be significant with auto insurance, but much less so with homeowners insurance.1
Not only will this relationship between deductibles and premiums differ based on insurance type, but it may differ based upon other factors, such as your age and the value of your car, for example.
When you consider the appropriate deductible level for health insurance coverage, remember that deductibles may be on each member of the family.
When shopping for insurance, you should always ask your insurance agent what the premium costs are at each of the available deductible levels. Knowing that information may help you make a sound decision regarding your coverage.
About 12.6 percent of all motorists, or one-in-eight drivers, do not have automobile insurance, according to the Insurance Research Council.¹
Having the misfortune to get into an accident with an uninsured motorist may have serious financial consequences, depending upon the state in which you reside and whether it is a “no-fault” or “tort” state.
In no-fault states, the law does not assign blame for an accident. As a result, each driver is reimbursed by his or her insurance company for any damages. In a “tort” state, insurance companies pay out claims based upon the percentage of fault assigned to each driver.²
Any accident with an uninsured driver means no insurance reimbursement payment for his or her apportioned share of the damage. This can leave you holding the financial bag.
How to Protect Against Uninsured Drivers
Some states require drivers to take out insurance for uninsured (and underinsured) motorists. Where not required, it may be a good idea to add that coverage to your auto policy.
You can buy protection against uninsured (and underinsured) drivers for both bodily injury and property damage. This coverage may also be valuable in cases where an insured motorist flees the scene of an accident without trading insurance information.
The first step to protecting yourself against this potential financial risk is to contact your insurance agent to discuss your current coverage, applicable state insurance laws, and what you need to do to obtain protection against uninsured motorists.