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520 E. 4th Street
Royal Oak, MI 48067

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How much umbrella insurance do I need?

Umbrella insurance is a type of policy that offers extra coverage over and above your existing homeowner’s or other liability insurance. It is designed to protect you from catastrophic financial losses in the event of an accident, injury, property damage, or lawsuit. When deciding how much umbrella insurance coverage you need in Southeast Michigan from Atlas Insurance Agency, it’s important to consider the value of your assets and any potential liabilities. 

How much umbrella insurance do I need?

For example, if you own a home worth $300,000 and have $200,000 in savings, you would need at least $500,000 in umbrella insurance coverage to protect those assets. If you have multiple vehicles or recreational toys like boats or jet skis that are covered by separate policies, then you would need an even larger amount of umbrella insurance coverage. Additionally, consider if there is anyone else who could potentially be held liable for any actions – such as family members living in your home – and factor them into the equation when determining how much umbrella insurance coverage is right for you. 

Ultimately, the amount of umbrella insurance coverage needed will depend on each person’s unique situation. A good way to start researching how much umbrella insurance you should get is to talk to an experienced independent agent who can provide highly personalized advice and help create a tailored plan for your needs.

Atlas Insurance Agency Is Here To Help!

If you have any additional questions about how much umbrella insurance you need or have any questions about any other type of insurance policy, give us at Atlas Insurance Agency a call today. We are proud to serve the Southeast Michigan area, and would be happy to help you find a policy that suits your needs and your budget.

The Importance of Life Insurance

When it comes to life insurance policies and other types of insurance coverage, the agents at the Atlas Insurance Agency work diligently to serve the residents of the Southeast Michigan area. There are many different types of life insurance policies, and we are taking a look at three of the most popular options.

While no one wants to think about passing away, it is a natural and inevitable part of life. Having a life insurance policy in place for your loved ones in the event of your death can help you have great peace of mind and contentment while you are still enjoying your life.

Life insurance policies are designed to help loved ones be able to pay for the mortgage, car payments, funeral expenses, and other expenses after someone dies.

Three Main Types of Life Insurance Policies

Universal Life Insurance

Universal life insurance is a very popular choice for most people since it really has two parts to it. First of all, it is a life insurance policy that will pay out a certain amount of money to your beneficiaries upon your death. Secondly, it will allow you to withdraw money throughout your life so that you can pay off your mortgage, vehicle, and other things while you still have time to enjoy them. This also helps your loved ones if you can pay off several bills before you pass away. Even if you borrow money from this account, there still should be money left over to be paid out to your beneficiaries after you pass away.

Term Life Insurance

Term life insurance will only pay out a death benefit if the policyholder dies during the term in which the policy is in effect. For instance, if you have a 30-year term policy and you die within that term, your loved ones will receive a death benefit. If you die after the 30-year term limit is up, there will be no payout unless you renew your policy for another term.

Whole Life Insurance

Whole life insurance will pay out a death benefit to your loved ones after he passes away. Whole life insurance is divided into three different types of insurance, including universal life, variable universal life, and traditional whole life.

Contact Us Today

Call the agents at the Atlas Insurance Agency serving the Southeast Michigan area today to get your life insurance policy started.

Three rules you should follow when you purchase auto insurance

Choosing an auto insurance policy is one of the important things you need to do as a motorist. If you’re a motorist in Southeast Michigan, you can come to us at Atlas Insurance Agency to meet your auto insurance needs. 

The following are three rules that you’ll want to follow when you purchase auto insurance:

Understand the coverage requirements in your state

Every state has its own auto insurance requirements that motorists must meet.

In Michigan, there are four types of auto insurance coverage that are required: personal injury protection, property protection, bodily injury liability, and property damage. You need to have an adequate amount of all these coverage types in your policy. 

Make sure you have collision coverage on your policy

In addition to meeting the basic requirements in Michigan, you should also have collision coverage added to your policy. With collision coverage, you can enjoy reimbursement for repairs if your own vehicle becomes damaged in an accident. 

Be aware of add-on coverage options that may come in handy

There are plenty of add-on coverages that are really important to have if you end up in an accident and need to file a claim. You probably should have comprehensive coverage, gap insurance coverage, new car replacement coverage, and rental car coverage on your policy to minimize the negative consequences you face after an accident. 

Get The Right Coverage For Your Needs

Let us be your auto insurance provider of choice in Southeast Michigan. Are you ready to get a quote on an auto insurance policy? At Atlas Insurance Agency, we can offer you a quote on a policy that will meet your needs and protect you financially when you’re behind the wheel. 

What does commercial insurance cover?

Atlas Insurance Agency has been serving the Southeast Michigan area business owners with all their commercial insurance needs. We are here to answer all your related queries. 

What does commercial insurance cover?

Commercial insurance covers many of the same areas as personal insurance, but it also has a few key differences.

One of the major differences is that commercial insurance typically covers more than just personal property. For example, most types of commercial insurance cover business equipment, tools, and supplies – things like computers, manufacturing equipment, office furniture, etc. They may also cover buildings or vehicles that are used for business purposes.

Most commercial policies will also include liability coverage in case your business is ever sued for causing damage to someone else’s property or injuring an employee or customer. This coverage can be crucial for protecting you from costly lawsuits if anything goes wrong at your place of business.

A key difference between personal and commercial policies is the types of risks they cover. Personal insurance policies are typically designed to cover a wide range of possible scenarios, so their premiums tend to be higher. Commercial insurance policies, on the other hand, focus on specific risk areas and tend to have lower premiums as a result.

As you can see, commercial insurance provides protection for many of the same things as personal insurance – but with a few key differences. If your business is growing or changing in any way, it’s important to make sure that your coverage also changes accordingly. Consulting with an experienced commercial insurer can help ensure that you have all the coverage that you need for your particular situation.

Contact Us Today

If you have any questions about commercial insurance or are interested in exploring your options, call us at Atlas Insurance Agency today. We proudly serve the Southeast Michigan area and would be glad to answer your questions.

Customize Your Home Insurance with Riders

When you purchase home insurance from Atlas Insurance Agency for your Southeast Michigan home, let us help you customize it to protect the special items you own with riders to your policy. These riders increase the amount of coverage in your policy for items like jewelry and business equipment.

Home Policy Riders to Protect Everything

The term rider refers to a clause added to your insurance policy to cover specific property or situations. Most types of insurance policies let you add riders, although the types of riders vary. The insurance industry offers seven common riders for home policies.

  • At-home business rider: Those who run a home-based business generating more than $2,000 of annual income add this rider to cover business equipment, such as computers, printers, or screen printing machines.
  • Earthquake/Hurricane coverage: These riders insure personal property damage from high-risk perils that can do wide-ranging damage. In some states, home insurance coverage doesn’t automatically cover these two named perils.
  • Identity theft rider: If your identity gets coopted by a criminal, this rider pays for the legal fees and experts to rectify the damage and restore your identity solely to yourself.
  • Pet damage rider: If your home business involves walking or keeping animals, such as a pet sitting service, this rider protects your home from damage the animals’ cause. If a dog pees on the carpet, for example, or a cat tears up the couch, this rider covers the cleaning or repairs.
  • Replacement cost rider: The typical insurance policy uses actual cash value to pay you for items damaged, stolen, or lost. That means your check covers the depreciated value, but this rider ensures that your insurance pays you the cost of replacing the damaged item with a new one.
  • Scheduled property rider: High-dollar items like an engagement ring benefit from this rider, which covers the expensive item’s full replacement cost.

Give Us A Call

Contact Atlas Insurance Agency today to add the riders you need to best protect your Southeast Michigan home. Let us help you protect your financial investment.

Why more outdoor enthusiasts in SE Michigan are turning to recreational insurance

Atlas Insurance Agency is proud to serve the Southeast Michigan region. We are here to help you with all of your insurance needs, whatever they may be. If you’re interested in learning more about recreational insurance, stop by our office today.

Benefits of recreational insurance 

Recreational vehicles, like snowmobiles and ATVs, are a lot of fun to own. They make it easy to enjoy the many beautiful natural areas in our region. As much fun as this type of vehicle is, it is also one that comes with some amount of risk. And because of this risk, recreational insurance is a smart idea.

Even if you only use your recreational vehicle on private land, you still have a need for insurance. Accidents can happen anywhere, and damage caused by an ATV or snowmobile comes with liability. If you want to minimize your risk of liability, you will want to have a robust recreational policy in place. 

When you have the right insurance in place, you can protect yourself from financial liability and responsibility for any damage or injury that is caused by the use of your recreational vehicles. No one wants to have to come out of pocket to pay for damages that could be covered by insurance. It’s more important than ever to find out about recreational insurance. If it’s time for you to protect your snowmobile or another recreational vehicle, give us a call.

Stop by our office today

If you are an outdoor enthusiast living in the greater Southeast Michigan region, you can count on the Atlas Insurance Agency team for all of your specialized insurance needs. We are here to help! Give us a call or stop by our office today to learn more.

Do you need to have an umbrella insurance plan in Michigan?

People that live in the Southeast Michigan area will want to know that they have the right insurance. This should always include having coverage that can help to reduce their risk of personal liability insurance. One type of plan that can help with this is umbrella insurance coverage.

There are various reasons why someone here will need to have this type and form of insurance:

Reduce Your Risk of Having Claims Exceed Other Policies

Most people have liability coverage in their home or auto insurance plan. In most cases that would qualify for coverage, this is sufficient coverage. However, there is always the potential for a claim that can exceed these policy limits. If you are insured the right way with umbrella coverage, you will have protection that extends beyond your base policies to help ensure you are covered. 

Have Broad Personal Liability Coverage

You should also have an umbrella plan to ensure you have more coverage against unexpected accidents and risks. There are various liability risks that are difficult to insure against with home or auto insurance plans. However, if you are insured with an umbrella plan, it offers broad coverage and protection. This will provide you with support against a wide range of risks and ensure you are prepared for the unexpected. 

Get Umbrella Insurance Today

If you are going to live in the Southeast Michigan area, it will be very important that you have the right insurance in place, which should include umbrella coverage. If you want to get this type of insurance, it would be a good idea to call our team at Atlas Insurance Agency. We at Atlas Insurance Agency can provide the support necessary to understand your options and build an ideal insurance policy. 

Types of Life Insurance

For everyone who has loved ones who depend on them, it’s important to have life insurance so that they are taken care of after you are gone. With life insurance, you can leave something behind so that those loved ones aren’t left struggling. There are two primary types of life insurance that you can choose from when picking your life insurance policy. To get started with life insurance, call us at Atlas Insurance Agency in Southeast Michigan.

Types of Life Insurance

Whole Life Insurance Policies

These policies are named for how long they last. With one of these policies, it will last for your whole life long no matter what age you reach. When you have a whole life policy, it is more expensive than the other primary type of life insurance, but it offers a lot of protection. It never expires as long s you keep paying your insurance premiums. This type of policy also builds up a value that you can eventually borrow against should you need to. This can offer you great peace of mind in case of an emergency. 

Term Life Insurance Policies

This type of policy is also named for how long it lasts. When you have a term life policy, it is in effect for a specific term. This may be 10 years, 20 years, etc. Once that term is over, the policy expires. Many people don’t like the idea of their policy expiring and having to apply for new insurance when that happens, but these policies tend to be low-cost. They are a more affordable choice, and many people find that this is the type that will fit within their budgets. 

Get Life Insurance 

It’s important to those around you that you stay covered with a life insurance policy. Call us at Atlas Insurance Agency in Southeast Michigan.

Should I Buy Rental Car Insurance?

When leasing a rental car, the salesperson will likely suggest that you remember to purchase rental car insurance. You might think you should ignore them since you already have auto insurance and don’t need more insurance. As a resident of Southeast Michigan, your auto insurance likely doesn’t cover all the perils that might befall your rental car. This is why at Atlas Insurance Agency, we suggest you consider the coverage that comes with rental car insurance. 

Do I Need My Auto Insurance to Rent a Car? 

You aren’t required to have your own auto insurance to rent a car, but you will expose yourself to great liability. To be safe, you should also purchase rental car insurance when renting a vehicle. 

Why should I Purchase Rental Insurance on Top of My Auto Insurance? 

  • Access loss-damage waiver (LDW)/ collision damage waiver (CDW)

You will get this waiver after purchasing rental car insurance. Although it’s technically not insurance, this waiver guarantees that the rental car company won’t pursue you if you damage the leased vehicle in an accident or it’s stolen. 

  • Access coverage for damage to property beyond the US and Canada borders

Your auto coverage likely only provides coverage for damage you cause with your rental vehicles to property within the US and Canada. You can purchase rental insurance with the supplemental liability protection option to get property liability coverage beyond the US and Canada borders. Even if you damage property within the US and Canada and have auto insurance, your insurance record will be tainted, and you will be charged higher premiums moving forward. 

  • To protect your personal property in your rental car.

Your auto insurance doesn’t cover personal property stolen from rental cars. You will need rental car insurance with personal effects coverage to protect your personal property in the leased vehicle. 

Contact Atlas Insurance Agency for rental car insurance assistance in Southeast Michigan.

Taking Control of Commercial Insurance: What to Consider

Commercial insurance is an essential part of most business operations and can provide high-quality protection that will keep you safe. Our team at Atlas Insurance Agency can help your Southeast Michigan business find a policy that suits its needs and ensure that you stay successful.

Commercial Insurance: What to Consider

Your Coverage

A typical commercial insurance policy covers things like liability protection and property damage that occur at your company. However, you may also expand it to cover your vehicles, protect your employees after getting injured, and cover damage to your property. It all depends on what your facility needs and the various steps that you’re willing to take to ensure that you have the best policy option.

Potential Limitations

While commercial insurance policies will typically cover accidents and other types of problematic situations, there are some things that it won’t cover. Chief among them is anything done purposefully or with criminal intent. For example, if you suffer financial hardship because you are attempting to commit a crime or performed an illegal activity, your commercial insurance policy will pay nothing.

Premiums and Deductibles

When buying a commercial insurance policy, you may have varying premiums and deductibles based on your needs. You can typically expand your coverage with umbrella policies or other add-ons that make your coverage more comprehensive. Note that every additional option you add will increase your premium cost. Talk to your provider about balancing these factors to ensure you don’t pay too much money.

You Can Find a Great Policy

If you think that your business needs a high-quality commercial policy, and you aren’t sure who can help you, let us know at Atlas Insurance Agency. Our team serves the Southeast Michigan area and can provide high-quality policies that will give you the protection that you need to keep your business strong.