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.  

Home Insurance Myths Revealed

CG Insurance Agency provides coverage to the Williamston, MI community. We are an independent insurance agency. We are committed to helping our clients find policies to protect their assets and navigate risks. We work closely with multiple carriers to offer our clients flexible policies. We look forward to helping you find the coverage you need to meet life’s challenges.

Home Insurance Myths

Your Williamston, MI home is one of your most prized possessions. Home insurance can help you maximize your investment. Home insurance covers your property if there is an accidental fire or your home is damaged because of severe weather. Your possessions are also covered if they are stolen or vandalized. Liability insurance is an asset. You are covered if you accidentally cause property damage or a guest at your home suffers an injury. While researching policies, avoid these common auto insurance myths.

If I Get Hurt, I’m Covered

This is incorrect, as home insurance only covers medical care if a guest at your home is injured. You will need extra coverage to protect yourself if you suffer an injury while at home.

Maintenance Issues Are Covered

You are expected to take care of your property. If your home suffers mold or termite damage, these are considered issues that could have been prevented if you perform regular maintenance on your home. You will likely be left unprotected.

All Of My Valuables Are Covered

This is not completely correct. If your luxury items are stolen or damaged, you will need extra coverage in order to fully protect those items. Consider taking inventory of your possessions once you move in.

CG Insurance Agency Will Help You Protect Your Assets

Visit our website to learn more information about home insurance.

Why Does Auto Insurance Not Cover These Things?

Are you confused why insurance companies like us at CG Insurance Agency don’t cover certain problems for your Williamston, MI vehicle? Please read on to learn more about why you have some policy limitations and (if applicable) ways that you may work around them.

Performance Cars 

High-quality performance or exotic cars are not covered by a standard car insurance policy. Instead, they must be protected with specialized insurance plans designed specifically for them. Make sure you talk to your insurance provider to learn more about this facet and what to expect from it. 

Wear and Tear Damage 

Your insurance provider does not cover wear and tear problems because they are considered a natural part of your car’s use. And if your negligence causes any troubles with your vehicle, they are likely to not cover these repair costs, so make this fact in mind before finding a policy. 

Other People Driving Your Car 

Insurance companies set up your policy with the assumption that you’ll be driving it. They set their prices and their coverage to suit specific people. So, if someone else is driving your car and damages it, your policy does not cover the problem because it does not apply to them. 

Ridesharing Situations 

Providers often refuse to cover ridesharing because it is another scenario in which you are sharing your vehicle with others. You may need to get specialized commercial auto insurance for this type of protection, though you may have limited choices in some situations. 

Get Your Car Protected 

Working with us at CG Insurance Agency will help to keep your Williamston, MI automobile protected and secure. By getting high-quality coverage, you can ensure that you don’t end up experiencing real problems and can avoid the long-term complications that you may otherwise experience. 

The Benefits of Umbrella Insurance

Umbrella insurance is valuable insurance for any business to have. It can be beneficial to the individual policyholder as well, particularly if you have many valuable assets. Umbrella insurance is commonly referred to as excess liability insurance and is, as the name suggests, a type of liability insurance. The CG Insurance Agency serving the area of Williamston, MI would like you to know about three benefits of this type of policy.

Excess Legal Liability

Umbrella insurance is there to protect you from a deluge of liability when your standard liability provisions in your primary policies are exhausted. An umbrella insurance policy is precisely what it sounds like. It is additional or excess liability insurance providing cover over and above your standard policies.

Broader Coverage

An umbrella insurance policy correctly worded could provide broader liability coverage than your underlying policies. It may also cover gaps that your standard commercial liability policies cannot. This is normally accompanied by a self-insured retention amount that is payable before the policy comes into effect.

Peace of Mind

Umbrella insurance may provide greater peace of mind when it comes to liability. One of the best ways to plan for the unexpected is to purchase insurance. It may help prevent enormous financial loss that could destroy your business or your personal life if you are not sufficiently insured. Umbrella insurance on a personal level can apply beyond the liability provisions of your homeowners and automobile policies. And, from a commercial perspective, it can sit above your general liability and employers’ liability policies.

Don’t delay. If you think you are inadequately covered for liability, then contact the people at the CG Insurance agency serving the area of Williamston, MI today and ask them to help you assess your needs and liability coverage.

Tips For Filling Out a Home Inventory

If your home should be subject to a fire, theft, flood, or another disaster, an up-to-date home inventory will make the situation much easier. A home inventory will be key to verifying any losses and getting your claim settled faster. It will also help you purchase the right amount of insurance.

If you would like to create a home inventory, here are some steps to get you started:

Describe each item: You will need to note the type, color, make, model, and size of each item. You should also list where you purchased the item. 

Inventory your clothing: For clothing, you don’t need to list each and every piece. Instead, you can make note of how many items you have per category — how many jeans, how many pairs of sneakers, how many dresses, etc.

Look for serial numbers: On any major items, such as large appliances, be sure to check the backs and bottoms for any serial numbers and list those numbers with the descriptions.

Your home is full of items that should be part of the inventory. This means the process is not a simple one. You’ll need to take your time moving through the process, so you don’t get overwhelmed. Consider starting with one room, one closet, or the kitchen and moving on from there. 

In addition, it’s important that you also inventory any items that might be covered by your homeowner’s insurance and that are in off-site storage. 

Finally, make sure you speak with your agent about separate coverage that is in your home and might require its own policy. This includes art and jewelry. 

Once you have a home inventory, you will be better prepared in the event of a disaster. 

Are you interested in homeowner’s insurance?
If you need coverage for your home, the expert and caring team at CG Insurance Agency in Williamston, MI can help create a plan that is best for you. Contact our office today for more information. 

Tips for Parents Teaching Their Teens How to Drive

The time has come, and your teen is starting to learn how to drive. The time you teach your teen how to drive can be a bonding experience. Being prepared to teach your teen how to drive in Williamston, MI is key to avoiding any potential dangers while on the road. 

It is essential to keep your teen safe while teaching good driving abilities. Keeping your teen safe while driving is why you need to give us a call at CG Insurance Agency to learn more about insuring your teen as they learn how to drive. Until then, here are some tips to help you teach your teen how to drive: 

Determine If They Are Ready to Drive

Before you head out and go driving with your teen, determine if they are ready to learn how to drive. You know your child more than anyone else and would be able to determine if your teen is mature enough to understand how to drive. 

Check Insurance

Call your insurance company to learn more about coverage for your teen as they learn how to drive. You may have to add your teen to your policy when they have their learner’s permit or once they receive their driver’s license. 

Explore the Vehicle

Take a moment in the driveway with your teen sitting in the driver’s seat. Discuss the different instruments and how to use them. Additionally, teach your teen how to adjust seats, mirrors, and other features in the car. Also, take time to discuss what the different lights mean, such as check engine light and low tire pressure. 

Once you and your teen are ready to go out on the road in Williamston, MI remember to be patient and take deep breaths. Closely watch your teen and explain why they should be doing certain things while behind the wheel. Don’t forget to give us a call at CG Insurance Agency to learn more about insurance coverage when your teen starts to drive.