What Are the Benefits of Having Umbrella Insurance?

At CG Insurance Agency in Williamston, MI, we get a lot of questions about umbrella insurance. Umbrella insurance is an important type of insurance to have, but it’s not required by law like auto or health insurance. So, why do you need it?

Here are four reasons to consider umbrella insurance:

Protects You From Lawsuits

If you’re ever sued for damages that exceed the coverage of your auto or home insurance policy, umbrella insurance will help pay for the costs of the lawsuit, including attorney’s fees, court costs, and any damages that you’re liable for. Without umbrella insurance, you could be left to pay these costs out of your own pocket. 

Offers Extra Protection for High-risk Activities

If you participate in activities that carry a higher risk of bodily injury or property damage, such as swimming, skiing, or skateboarding, umbrella insurance can offer additional protection in the event that you’re sued for damages. 

Cover Expenses Not Covered by Your Home or Auto Insurance Policy

Umbrella insurance can also cover certain expenses that aren’t included in your home or auto insurance policy, such as slander, libel, and false arrest. If you’re ever faced with one of these expenses, umbrella insurance can help you pay for them. 

Helps You Save on Home and Auto Insurance

Umbrella insurance can also help you save money on your home and auto insurance premiums. insurers often offer discounts to policyholders who carry umbrella insurance. 

Get Umbrella Insurance Now

At CG Insurance Agency in Williamston, MI, we always recommend umbrella insurance to our clients because it offers so many valuable benefits. If you have any questions about umbrella insurance or any other type of insurance policy, don’t hesitate to contact us today. We’d be more than happy to help you find the right policy for your needs.

Top 5 Things to Consider When Purchasing Home Insurance

One of the most important investments you will make is purchasing a home. Not only is it a large financial investment, but your home is also likely where you and your family will live for many years. Because of this, it is important to protect your home with insurance. However, buying home insurance can be confusing. But by considering the following key things, you can be sure to find the right policy for your needs.

Consult with CG Insurance Agency in Williamston, MI for expert home insurance advice and more.

Top 5 Things to Consider When Purchasing Home Insurance

1. The Value of Your Home

This is the most important factor in determining how much insurance you need. Your home’s value is the basis for figuring out the limits of your coverage and the amount you will pay in premiums.

2. Your Budget

Of course, you also need to consider your budget when purchasing home insurance. The amount you pay for premiums will be based on the value of your home, but there are ways to save money. For example, you can raise your deductible or purchase a policy with less coverage. However, never sacrifice coverage to save money.

3. The Coverages You Need

There are many different home insurance policies, each offering different coverages. For example, some policies will cover the replacement value of your home, while others will only cover the actual cash value. Make sure you understand the coverages offered by each policy before making a decision.

4. The Exclusions in the Policy

It is also important to be aware of the exclusions in a home insurance policy. Every policy has them, which can vary significantly from one policy to another. For example, some policies exclude damage from flooding or earthquakes, while others may exclude items such as jewelry or art. Be sure to ask about exclusions before purchasing a policy.

5. Limits on Claims

Another important factor to consider is the limit on claims. Most policies have a limit on how much they will pay out for any one claim. Ensure that the limit is high enough to cover the cost of repairs or replacement if necessary.

Finding the right home insurance doesn’t have to be difficult. Just make sure you keep the factors listed above in mind. CG Insurance Agency in Williamston, MI can help you find the perfect policy for your needs. Give us a call today to get started.

Tips for Preventing Car Accidents

Every year, millions of people are involved in car accidents. While some of these accidents are minor fender-benders, others can be much more serious, resulting in injuries, property damage, and even death. Fortunately, there are steps that everyone can take to help prevent car accidents from happening in the first place. CG Insurance Agency in Williamston, MI offers auto insurance coverage for your protection. Also, by following the tips below, you can help make the roads safer for everyone.

Tips for Preventing Car Accidents

1. Obey the Speed Limit

One of the most common causes of car accidents is speeding. When you’re driving too fast, you have less time to react to potential hazards on the road, and you’re more likely to lose control of your vehicle. Even if you’re an experienced driver, it’s important to obey the posted speed limit and to slow down even further if the road conditions are less than ideal.

2. Don’t Drive Distracted

Texting, talking on the phone, eating, drinking, changing the radio station. All of these activities take your attention away from the task of driving. And when you’re not paying attention to the road, you’re more likely to be involved in an accident. If you need to do any of these things while you’re driving, pull over to a safe location first.

3. Don’t Drive Impaired

Never get behind the wheel if you’ve been drinking alcohol or taking drugs – prescription or otherwise. Impairment dulls your reflexes and makes it more difficult to make split-second decisions on the road. If you’re going to be drinking, designate a sober driver ahead of time, or take a cab or public transportation home.

4. Wear Your Seatbelt

Seatbelts are one of the simplest and most effective ways to stay safe on the road. Wearing a seatbelt greatly reduces your risk of injuries in the event of an accident. Make sure you and all your passengers buckle up before you start driving.

5. Drive defensively

Defensive driving is a technique that can help you avoid accidents by anticipating dangerous situations and taking action to avoid them. When you’re driving defensively, you always keep your eyes on the road and look for potential hazards. If you see a driver behaving erratically, for example, you may choose to change lanes or slow down to give yourself more time to react.

Invest In Insurance

Even if you follow all the tips above, accidents can still happen. That’s why it’s important to have adequate auto insurance coverage. If you are involved in an accident, your insurance will help pay for repairs to your vehicle and any medical bills you may incur. Make sure you know what your policy covers, and talk to your agent about increasing your coverage if necessary.

Are you looking for a reputable and affordable auto insurance provider? CG Insurance Agency serving Williamston, MI offers a variety of options to meet your needs. Contact us today for a free quote.

What Are Some Common Mistakes People Make With Umbrella Insurance?

Purchasing umbrella insurance is an excellent move if you have significant savings, assets, and income that you want to protect. However, it’s critical that you be careful when purchasing umbrella insurance not to make mistakes that can hurt you financially. Here are some typical mistakes people make with umbrella insurance that every resident of the greater Williamston, MI community, looking to purchase this policy should know. 

Common Mistakes People Make With Umbrella Insurance

1. Purchasing Way Too Much Coverage

What you don’t have can’t be taken from you. This means that even if it’s determined that you are liable for $3 million in damages, you don’t have to worry about losing much if your savings, assets, and income are way below that value. Many people usually make the mistake of purchasing millions of dollars worth of umbrella insurance, yet their net worth is below a million—this way too much coverage. At CG Insurance Agency, we advise that if your net worth is below a million dollars, only take a million dollars in umbrella coverage.

2. Purchasing Way Too Little Coverage

On the other hand, some people purchase way too little umbrella coverage. Let’s say you have $10 million in savings, assets, and income, and you only take a million dollars in umbrella coverage. This is way too little coverage, and it could lead to your investments, savings, and income being used to settle your liability. If you are a homeowner, you cant take the same amount of umbrella coverage as a renter since you have a valuable asset – your home – which can be seized to settle your liability. You need more umbrella coverage than a renter.

3. Overlooking Recreational Assets

When most people purchase umbrella insurance, they want to protect their homes, savings, investments, and other mainstream assets. However, they overlook recreational assets like their boats, motorbikes, and RV. This usually leads them to take way too less umbrella coverage, leaving their recreational assets at risk of being seized.

Contact CG Insurance Agency for umbrella insurance deals in Williamston, MI.

How to protect all the buildings on your property

CG Insurance Agency is here to meet the insurance needs of the Williamston, MI area. If you have questions, our team is here to help. Finding the right insurance policy to protect your property is worth the time and effort! 

Make sure that all buildings on your property are protected

Homeowner’s insurance comes in a variety of shapes and sizes and it can be difficult to determine which policy best suits your needs. This is especially true if you have a unique situation such as a work shed or heavy-duty shop on your property.

There are many situations where a primary policy is sufficient for all of your structures and buildings. However, this is not always the case. If you have a shop or shed on your home’s property that contains equipment, tools, or other valuable items, you may want to consider additional protection.

Because every situation is different, it’s impossible to take a "one size fits all" approach to any unique or exceptional circumstances. Protecting your property includes any unattached buildings that are located on your property. When it comes down to making sure that you are covered, it is worth the time to make sure that your policy includes the coverage you want and need.

Questions such as these are most easily answered by sitting down with your local agent to review your needs. Once your insurance needs are established, finding the right policy is much easier.

Call or stop by today!

The greater Williamston, MI area relies on the CG Insurance Agency for answers to their insurance questions. If you’re unsure which homeowner’s policy is the right fit for your unique needs, we are here to help. Get in touch with our office and schedule an appointment today!

Do I Need Umbrella Insurance?

Think of umbrella insurance as an extra safety net that kicks into gear when your existing liability coverage on your insurance policies is exhausted. In short, an umbrella policy protects your existing assets and future assets from the cost of losing a lawsuit because of a vehicle accident, incident at your home, or any other third party liability claim. Many people assume that you have to be wealthy to need an umbrella policy, but this is not true because, even if you don’t have any assets, your wages could be garnished if you are sued and lose. 

Let’s look at an example. You are in an automobile accident that results in significant injury to another person and damage to a home. In total, the damages that you are responsible for are $500,000. Your auto insurance policy has liability coverage up to $300,000 which means that you need to come up with the extra $200,000. If you have an umbrella policy, then you will be in the clear because it will pick up the tab after your auto insurance runs out. However, without an umbrella policy, you’ll be on the hook to find a way to pay the remaining $200,000.

In addition to covering personal incidents that you are fault for, umbrella coverage is also extended to your dependent children, rental properties, and personal lawsuits arising from slander, libel, defamation of character, or false arrest. Be sure to check with your insurance provider for specific information on what your policy covers.

For more information, schedule a no-obligation consultation with CG Insurance Agency in Williamston, MI where our friendly and knowledgeable team will answer all your questions and customize a policy that best meets your needs. 

What Type of Car Insurance Protects My Vehicle From Hail and Lightning Damage in Williamston, MI?

Comprehensive auto insurance coverage may pay for damage due to wind, fire, hail, smoke, theft, falling objects, vandalism, and lightning. However, every policy is different, and it’s a good idea to talk with your agent at CG Insurance Agency in Williamston, MI. We can help you understand what your current policy covers and make any needed adjustments to ensure that you are covered for hail and lightning damage.

Coverage for Dings and Dents Related to Hail Damage

When hail falls, it can be anywhere from the size of a pea to the size of a grapefruit or larger. Quarter-sized hail measures about one inch in diameter and can cause dents, dings, broken glass, and other damage that impacts your vehicle.

Comprehensive insurance often pays for severe weather events, including hail. It may also cover you for events such as hitting a large animal or falling branches that can damage your vehicle.

Comprehensive Insurance for Lightning Strikes

You can purchase optional comprehensive insurance to help cover damage to your car due to a lightning strike. Comprehensive coverage provides extra protection that can help prevent out-of-pocket losses. If your insurance includes lightning and hail damage, you may get reimbursed for damages minus the deductible.

Without comprehensive coverage, you may not receive reimbursement for repairs needed due to a lightning strike. You can receive a check for the damages for hail and lightning damage to your vehicle once your claim has been approved. It’s also important to understand how your payout works if your vehicle is a total loss.

Contact the pros at CG Insurance Agency in Williamston, MI to schedule an in-person meeting to receive a quote for comprehensive insurance covering your vehicle. We can also look at your auto policy to make sure that you’re covered for other potential events.

The Eight Types of Home Insurance

The Eight Types of Home Insurance

When you purchase a home, whether an apartment, condo, townhouse, or house, if you take out a mortgage, the bank will require you to purchase homeowners insurance. At CG Insurance Agency serving Williamston, MI, we want you to understand your options when choosing coverage for your home.

Your humble adobe might not be very humble nor made of adobe, but it needs insurance. Until you completely pay off your mortgage, the bank actually owns your home. They kindly let you live there since you pay them a house payment each month and expect you to assume the risk to the home. You do that by purchasing home insurance.

The coverage your home gets depends on the type of home. For example, a historical home requires an HO-8 policy, while a recently built home purchased by a homeowner with no or few policy claims typically gets covered under a standard home policy, an HO-3.

A homeowner who has made many claims to their insurance policy typically won’t qualify for an HO-3 policy, so their home gets insured with an HO-1 policy, called dwelling insurance. This policy doesn’t cover as many perils, or natural hazards, as an HO-3 policy.

HO-2 covers more perils than the HO-1 policy. It adds perils such as accidental discharge of water and the weight of snow or ice on the roof. If you want open-peril coverage, meaning your home obtains coverage from any and every potential problem except flooding, you buy an HO-5 policy.

An HO-6 policy gets your condo or purchased apartment all the coverage it could need. While your landlord covers the public areas of the home or apartment building, your condo policy takes care of the interior of your home and your personal items. It also covers the liability you incur when others visit your home.

If you’ve been counting, you noticed HO-4 and HO-7 have yet to appear in the list. That’s because an HO-4 policy is renter’s insurance, so a homeowner won’t need it. You’ll only need an HO-7 policy if you purchase an RV or a trailer.

Contact CG Insurance Agency serving Williamston, MI, for more information on home insurance. Let us help you find the right insurance for your home.

Auto insurance FAQs

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. 

Need Umbrella Coverage? Check Out These Common Liabilities

Also referred to as personal liability insurance, umbrella insurance cover is designed to help safeguard your assets and savings. If you’re sued for damages exceeding your boat insurance, homeowner’s insurance, or car insurance liability limits, umbrella insurance can cover what you owe. Unlike excess liability insurance that offers higher limits on your current liability coverage, an umbrella cover offers coverage that isn’t included in your insurance policy, like a false written statement or legal fees if you’re accused of slander.

Umbrella Insurance Coverage Options in Williamston, MI

If you take umbrella insurance from CG Insurance Agency, you and your family members can benefit from defamation, dog bite, and slander. Here’s a detailed overview of the umbrella insurance coverage options.

Accidents Caused By a Teenager

In the United States, motor vehicle accident is the second leading cause of death among teenagers (13 to 19 years). The liability costs caused by your car accident can rise significantly, especially if people with huge income sue for last wages or there are multiple cars involved. By taking umbrella insurance, it can increase your liability protection against such risks.

An Intoxicated Party Attendee

If you host a party in your home, you’re likely to have a guest who drinks too much and drives home intoxicated. If such an individual is involved in an accident, you may have to pay part of their expenses. The driver’s lawyer may argue that you could have taken their key or shouldn’t have overserved them alcohol. When you take umbrella insurance, it can help protect you against such issues.

Dog Bites

If you take your dog for a walk and another dog accidentally spooks him, and they end up in a fight, the other dog owner could be bitten as they try to separate the dogs. In cases where your dog bit first, you could be liable for pain and suffering, lost wages, and medical expenses. These are costs that your homeowner’s insurance cannot cover.

Get Your Umbrella Coverage Today!

As a Williamston, MI resident, you should get umbrella insurance coverage to protect yourself against expenses above your usual insurance policy limits. At CG Insurance Agency, we can help you get umbrella insurance coverage within a short time; contact us today to discuss further.