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Archive for September, 2020

Uninsured & Underinsured Motorist Coverage

(Photo courtesy StockVault.net)

Uninsured & Underinsured Motorist Coverage

Here the the state of Michigan the auto insurance requirements have changed in order to lower the overall cost of auto insurance for consumers. We have some of the highest rates for auto insurance in the country, mostly due to offering Unlimited Medical coverage (payment for injuries relating to auto insurance for as long as you live). In amongst the changes is the ability to change your medical coverage from the Unlimited Medical to a dollar limit or if you have qualifying health insurance or Medicare, you can opt-out of medical coverage on your auto policy.

Another item that changed is the minimum Bodily Injury coverage the state requires. For current auto insurance policies, the state requires $250,000 per person and $500,000 per accident. You can purchase less coverage but will face penalties and other issues in case of an auto accident.We have speculated before (and lawyers tend to agree) the reason for the new state minimum for Bodily Injury is the result of people having a choice of medical coverage on their auto policies. They may choose to opt-out of medical coverage and later realize after an accident that they have annual deductibles/office & drug co-pays/limitations/exclusions/etc. With mounting medical bills, they will try to sue the at-fault party to help pay for them.

But what if the at-fault party has no auto insurance (about 20% of Michigan residents don’t carry auto insurance) or carry limits lower than the state requires? What if you opted-out of medical coverage or decided to choose a dollar limit and have become a paraplegic or worse because of the accident? Is there recourse?

Yes. You can purchase Uninsured and Underinsured Motorist coverage on your auto policy. These are optional coverages in the state of Michigan, meaning they are not required by the state.

Uninsured Motorist coverage provides excess No-Fault Personal Injury Protection and other economic losses (including pain & suffering) in an automobile accident caused by a driver who is uninsured (someone who does not carry auto insurance coverage as required by Michigan law). This is an “excess” coverage, meaning that all other avenues for coverage will need to be exhausted first. If you have health insurance and your injuries exceed or are not covered, you can pursue a UM claim.

Underinsured Motorist coverage provides the same excess No-Fault Personal Injury Protection and other economic losses (including pain & suffering) in an automobile accident by a driver who is UNDER-insured according to the state of Michigan. This means drivers who carry less than Bodily Injury limits of $250,000/$500,000 or $500,000 CSL.

We recommend that you match your UM/UIM limits to match your Bodily Injury limits, the cost is minimal in relation to the coverage provided.

Contact Us!

At M. Vander Plow Insurance Agency, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at 616-396-1497 or send us a note at mvpinsagency@gmail.com. We want to help you meet your goals, and make sure what’s important to you is protected!

Categories: Uncategorized

Additional Living Expenses

(photo courtesy StockVault.net)

Additional Living Expenses

With the wildfires raging in the West, hurricanes & tornadoes in the Midwest & South, one coverage that will certainly be used is Additional Living Expenses. Your homeowners policy includes several coverages as a part of the basic policy:

Dwelling Coverage A – this amount will be used to repair your home or in case of a total loss to haul away old debris and rebuild the home using the Replacement Cost Estimate on file.

Other Structures Coverage B – this amount will be used to repair an outbuilding/fence/gazebo/standalone deck/etc. or to haul away debris & rebuild it. If you do not have any other structures on your property, you can use this amount towards your dwelling.

Personal Property Coverage C – this amount in conjunction with the Replacement Cost endorsement will replace all of your damaged belongings due to a covered loss. Antiques, obsolete items, & other types of personal property would be excluded from coverage BUT depending on the item you could schedule it on your policy.

Loss of Use/Additional Living Expenses Coverage D – this coverage will help pay for a temporary residence & other bills relating to being displaced from your residence due to a covered loss. Again these expenses are “reasonable” to maintain your lifestyle prior to the loss.

Personal Liability Coverage E – this coverage helps to take care of a claim at your residence where you are deemed liable. This is a “third party” coverage meaning that it does not cover the Named Insured/Spouse/Resident Relatives, only visitors to your property.

Medical Payments Coverage F – this coverage is known as a “goodwill” coverage meaning to cover minor medical incidents that occur at your residence involving a visitor or other “third party”.

The Loss of Use/Additional Living Expenses coverage is available for covered losses only. If you are remodeling your home for example and need a temporary place to stay while the remodel is being completed – you are on your own.

The coverage will take care of renting a home/condo/hotel room, laundry services (if unavailable at temporary residence), meals (only if cooking facilities are unavailable at temporary residence), pet boarding (only if you are unable to keep pet at temporary residence), and other bills associated with being displaced from your home due to a covered loss.

Contact Us!

At M. Vander Plow Insurance Agency, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at 616-396-1497 or send us a note at mvpinsagency@gmail.com. We want to help you meet your goals, and make sure what’s important to you is protected!

Categories: Uncategorized

Closing Your Pool

stockvault-old-pool-equipment161131.jpg

(photo courtesy StockVault.net)

Closing Your Pool

Labor Day has come & gone, kids are going back to school, the nights are getting cooler, & the leaves are starting to change. After a season of having fun splashing in the pool, it’s time to put it to bed for the winter. Thanks to this article from Leslie Pools, here are some tips to help you to close your pool for the season:

Start a Week Before. Before closing your pool for the season, wait until the nighttime temperatures consistently drop below 65 degrees to prevent algae growth. Once that occurs, add phosphate remover to help keep the algae out prior to closing.

Brush & Vacuum. Thoroughly brush and vacuum all surfaces of the pool to get all the algae & debris off the liner. This will make it easier to open in the springtime. Be sure to empty the skimmer & pump baskets when you are done.

Change the Water Level. For areas of the country that freeze, you should drain the water level down 4-6 inches below the skimmer whether an above-ground or in-ground pool. For areas of the country that do not freeze, you should fill the pool to almost overflowing.

Shock & Chlorinate. You should shock & chlorinate your pool a few days before closing, at the very least the night before. This will kill any bacteria that may want to stick around during the winter.

Backwash Your Filter. Run a full backwash of your filter and clean it (if you are able to).

Be sure to check out the full article from Leslie Pools for more tips on closing your pool for the season!

Contact Us!

At M. Vander Plow Insurance Agency, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at 616-396-1497 or send us a note at mvpinsagency@gmail.com. We want to help you meet your goals, and make sure what’s important to you is protected!

Categories: Uncategorized