Notice to all personal auto policy holders:
We are happy to note that our auto insurance companies are stepping up to provide premium concessions for policies that remain active, as a result of the Corona Virus.
Companies are working quickly, but are apparently required to receive approval from the State of Michigan, Dept. of Insurance & Financial Services (DIFS) due to “rebating” laws.
Common information pertaining to our carriers is as follows:
With this world as technologically advanced as it is, the SOS has stepped up what they are doing in regards to cross-checking for active insurance on a vehicle you are trying to renew plates for. The SOS can now check with your insurance company on whether you have active insurance on a specific car or not. If you are one of us unfortunate individuals that has a winter birthday and also have a car you store through the winter, you have a couple options to avoid the State rescinding your tabs:
Keep in mind, some carriers require you to keep coverage on your car after pulling it out of "storage/comp only" for 30 days, so adding liability back for 3 days may not be acceptable. This is a conversation you should have with your agent!
Follow along with this video and learn how to quickly sign and edit documents from your email!
By: Michael Walker, Agency Manager/Operator
Always looking to help! Let me know in the comments below if there are other processes you feel would be worth creating a tutorial on.
Remember, not all companies have all of these discounts, but they are definitely worth asking about!
"Property Damage Liability protects against monetary loss resulting from legal liability for damage to property of another in the United States, Canada or Mexico."
How to Choose Limits?
"Bodily Injury (BI) Liability protects against monetary loss resulting from legal liability for injuries to a person occurring in the United States, Canada or Mexico."
Simple right? Well not entirely. What limits do you select? What type of limits do you select? It isn't a perfect answer for everyone, but here is a good "guide"
Type of Limits: Combined Single Limit or Split Limits?