Ann Arbor Insurance Associates, LLC

Personal Property in your Automobile

Matt — Thu, 04 Nov 2010 14:42:47 +0000

Did you know if you keep personal property in your automobile and you have a loss, there are limits to how much of your property your auto policy will cover.

Personal property is covered under a homeowners, renters or condo policy. If you have a loss with your property (anywhere in the world) the coverage comes from one of the previous listed home type insurance policies, NOT your auto policy. Note: Most companies will cover up to a certain dollar amount of property stolen from an auto, but there is a limit which typically is around $200.

Since many people keep “stuff” in their auto’s without realizing there may be coverage gaps, we want to make sure you’re aware and have an understanding of your policy coverage’s and limits.

Brief Explanation of Michigan No-Fault Insurance

Matt — Thu, 22 Apr 2010 18:28:04 +0000

No-fault insurance is required by law in Michigan. Every owner of a car must buy certain basic coverage in order to register your auto and get license plates. It is against the law to drive (or let your car be driven) without no-fault insurance. The basic no-fault policy has three parts:

Residual Liability Insurance-Bodily Injury/Property Damage: This is protection if an insured is named in a lawsuit as a result of a serious auto accident
Personal Injury Protection-This part of no-fault will pay all of your medical expenses that are the result of an auto accident, regardless of who or what caused the accident.
Property Protection: No-fault will pay up to $1 million for damage your auto does (in Michigan) to other’s property (such as building/fences etc…) and it also pays for damage to another person’s properly parked car.

Other insurance you may want to purchase, but are not obligated to by law are collision and comprehensive

Collision coverage pays for repairs to an auto when it’s damaged in an accident. Sometimes a deductible will apply and sometimes it will be waived depending on the type of collision and how the loss happens.
Comprehensive (sometimes called, damage other than collision) pays for an insured auto if it is stolen or needs repairs if it is hit by a falling object, damaged in a fire, flood or by vandals as well. Comprehensive also pays for repairs if there is glass damage to an insured vehicle or if there is a collision with an animal.

If you have an insurance question or problem, please call us and we can help!

Welcome to Ann Arbor Insurance Associates, LLC

leduc — Mon, 29 Mar 2010 19:23:01 +0000

Thank you for perusing our newly updated website.

We will continue to update our web blog with information
that is pertinent our customers, so please check back again.

Again, thank you for your time and patience.

- Ann Arbor Insurance Associates, LLC