In the Birmingham, MI area, purchasing your own home can be a great long-term option. If you do decide to purchase your own property here, you should also spend time assessing your personal insurance needs. There are many reasons why someone may need to get a condo insurance policy here. 

Insurance is an Association Requirement

One of the main reasons that you need to get condo insurance when you are in Michigan is that it is a requirement of your association. Anyone that lives in a condo that is also part of a condo association needs to spend time assessing their association rules regarding insurance. If you are required to carry condo insurance, it is important that you get into a policy that offers the protection expected by the association. Most of the time, you will need to provide evidence of this coverage regularly.

Insurance Required by Lender

You will also need to get condo insurance because it will be required by your mortgage lender. Any mortgage lender is going to require that you maintain condo insurance at all times. They end up requiring this, and often also escrow for payments, as it ensures their collateral continues to be protected with insurance at all times. 

When you are shopping for condo insurance in the Birmingham, MI area, you need to make sure that you speak with someone that understands this form of insurance. When you call High Favor Insurance, you are going to get the guidance that you need to build a quality policy. The team here will be able to assess your insurance needs to make sure that you get into a policy that meets your needs. High Favor Insurance is able to do this by carefully assessing your personal needs and options.

As a motorcyclist, carrying motorcycle insurance is essential to meeting state insurance coverage requirements. Motorcycle insurance is also important for protecting you financially when you’re riding. At High Favor Insurance, we provide motorcycle insurance to riders in Birmingham, MI.

The following are three add-on features Michigan riders might want to consider adding to their motorcycle insurance policy.

Trip interruption coverage

This type of coverage can be good to add on to your motorcycle coverage if you frequently take long trips on your bike. Trip interruption coverage covers the costs of expenses for lodging or transportation if you’re in an accident far from home and can’t come back on your bike. 

Roadside assistance

Roadside assistance coverage can really come in handy. Regardless of how great your bike’s condition is, you never know when it might break down and leave you stranded. 

When you have roadside assistance coverage, your insurance provider will send out a tow truck to transport your bike to a garage if it breaks down. 

Coverage for custom parts

You might want to consider this type of coverage if you have made some custom upgrades to your bike. Standard motorcycle insurance might not cover the value of these upgrades.

However, if you invest in coverage for custom parts or equipment, your insurance can reimburse you for the value of custom work. This type of coverage can frequently total up to $30,000 in coverage for damage to custom parts, so it may be worth investing in. 

Would you like to explore motorcycle insurance options in Birmingham, MI? At High Favor Insurance, we can provide you with the information you need and answer questions you have. Get in touch with us by visiting our website to learn more. 

In Birmingham, MI, your boat insurance provider will cover most reasonable hazards, but you might find your claim being denied if you don’t practice basic boating safety. Here are some tips:

• Always check the weather beforehand. Even strong winds can make a simple boat trip a lot more dangerous than it needs to be.
• Keep your life jacket on. If you’re on board, there’s no good reason to take it off.
• Take it slow around the docks and other boats. A lot of the damages boats suffer comes from the wake kicked up by passing boats, knocking them into one another.
• Don’t drink and boat. If you’re going to have a few beers while out on a fishing trip, sober up before bringing it home, or have someone else operate the vessel.
• Keep your emergency kit on hand. Water, food, batteries, flashlight, first-aid kit, flares. Keep it on deck, and keep it stocked up.
• Always shut your engine off when approaching swimming areas, and don’t let anyone board or step off of your boat while the engine is idling.
• Make sure that everyone on board is briefed on boat safety. Failing to educate your passengers about the dangers of boating can be read as negligence.
• In the event of a boat capsizing: If someone’s still on the boat, turn the motor off. If not, get everyone away from the boat. Float on your back, do a headcount, and carefully paddle to safety.

If you’re looking to get covered in Birmingham, MI, get in touch with us at High Favor Insurance. Call, stop by the offices, or visit the High Favor Insurance website and let us see what we can do for you.

If you’re renting a home or condo in Birmingham, MI, don’t neglect the benefits that renter’s insurance has to offer. Renter’s insurance from High Favor Insurance protects you against property damage and liability claims that may arise due to mishaps on your rental property. It doesn’t take much for an accident to happen. Liability protects you against slip and falls, kitchen accidents, dog bites, and other accidents that cause injuries or damage to someone’s property. Here’s what to expect from renter’s liability coverage in Birmingham, MI.

Financial Protection for Liability Claims

Personal liability insurance is an essential part of your renter’s policy. It protects you against accidental injuries or property damage to others when people visit your property. If a friend trips on your dog and falls down the stairs, you can be held responsible for his medical costs. Liability insurance protects you financially by paying your friend’s medical expenses. If your friend was carrying their laptop at the time and it gets damaged or destroyed in the fall, liability insurance will help pay for its repair or replacement cost.

Liability coverage protects you against accidents inside your rental home as well as in the yard or driveway. It covers accidents you or your children may cause while playing sports or incidents that may occur during a party. It also includes incidents involving your pet, such as dog bites.

Financial Protection for Lawsuits

If an accident leads to a lawsuit, renter’s liability insurance will help cover your legal costs and settlement, if you lose your case, up to the limits of your policy. Liability coverage only protects you against accidental mishaps, not events that are intentional.

To learn more about renter’s liability coverage and all that it has to offer, call, or visit High Favor Insurance in Birmingham, MI today.

People who are shopping for commercial insurance may be uncertain about the amount of coverage that is adequate for their needs. One question that many have is how much is enough and should the amount of the policy exceed the actual value of the insured property.

Property Insurance

When purchasing commercial insurance for a specified property, it is important to consider a few factors first. If the business is located in the same building with other companies, or are located in a strip plaza or mall, they will need a greater amount of commercial insurance. Generally, they should carry a policy that reflects the value of the structure they reside in or around for liability purposes. Those who own a stand-alone business should calculate the value of the building and property, as well as any relevant equipment and supplies that are covered by the policy. Once a figure is drawn, select the next highest level of insurance coverage available. 

Let an Agent Assist You With Selection of a Policy

When sleeting a policy to protect a business or commercial scenario, make sure to work with a licensed and reputable insurance agency with agents who know the ins and out of commercial coverage. Those who own a business near the Birmingham, MI area can count on High Favor Insurance to provide them with answers to questions and high-quality commercial insurance products for all size endeavors. 

Anyone interested in getting the right coverage for their business, should call or stop by High Favor Insurance, serving the Birmingham, MI area to find out more about options and to speak directly with a qualified insurance agent. 

Whether it’s winter or summer, there are so many recreational toys you can play outdoors with in Birmingham, MI. From snowmobiles to four-wheelers and boats, outdoor life in Michigan is so much fun. However, you’ll want to protect your toys with recreational insurance so you can keep on having fun. Not sure where to start? The team at High Favor Insurance has put together a list of tips to begin the process. Read on to learn more.

1. Work with a Reputable Insurance Agent

The first thing you should do is contact a reputable insurance agent who can help you find the right policy for a price you can afford. These agents know the world of insurance and have information at their fingertips that you don’t have. They will answer all your questions and guide you through the policy buying process from start to finish.

2. Compare Several Insurance Quotes

A reputable insurance agent will help you go over several quotes before narrowing them down and then finally purchasing a policy. It’s essential to compare several quotes to make sure you are getting the right coverage at a price you are happy with.

3. Bundle Your Insurance Quotes

When purchasing recreational insurance, you can save money on your premiums by bundling all of your insurance policies under one carrier. Your reputable agent can help you with this process by finding the best carrier that delivers both sound protection and cost-effective policies.

To learn more about purchasing recreational insurance, contact the reputable team at High Favor Insurance in Birmingham, MI today. We can be reached at 248-765-8675. Agents are standing by to take your call.

Your home, whether it is a rented apartment in Birmingham, MI, a condo, or a house you bought, is your primary space for resting. It is where you keep your assets and valuables. That means that you need to purchase insurance to protect you, your family, and your loved ones, as well as the content.

Depending on where you live, you will need to buy either condo insurance, home insurance, or renters insurance. If you live in a condo, you will need to purchase condominium insurance. High Favor Insurance will help you discover why condo insurance is different from the others.

The difference

Condo insurance is a bit similar to homeowners’ insurance as it is for people who own a condo. Homeowners insurance is a policy for individuals who own their homes while renters insurance is for those who rent their homes.

The coverage difference

The coverage also differs from one insurance to the other. For instance, condo insurance covers damages to your personal belongings and the whole condo structure and complex.

Renters insurance only covers the contents of the home and not the walls, floor, ceiling, or any other external structure. In renter’s insurance, the landlord is responsible for the structure of the building and any external structures like the gate and fence.

Homeowners insurance covers the whole home structure, other structures like the stand-alone garage, shed, and contents of the home. It has a list of covered accidents and perils similar to condo insurance and renters insurance like theft, fire, storms, tornados, and lightning.

Insurance premiums differ from one insurance provider to the other. Speak to your High Favor Insurance expert to learn whether condo insurance is right for you. Visit our Birmingham, MI offices or call us today!

 

One dream that a lot of people have is to drive around the country in their very own RV. If you do have an RV, you should make sure that you have it adequately covered by insurance. One of the best ways to do this is by getting an RV insurance policy, which can help someone in the Birmingham, MI area in several different ways.

Protects your RV

If you are going to buy an RV, you are going to be making a significant investment that you want to pay off well into the future. One way that you can lose on this investment is if your RV is damaged, stolen, or involved in an accident, and you do not have proper insurance coverage. A full collision and comprehensive policy will protect against a wide range of situations that could cause a loss.

Liability Protection

RV owners also need to realize that they are taking on a lot of liability risks when they take their RV out on the road. Since this risk is always present, you need to make sure that you have the necessary coverage in place. When you have an RV insurance policy, you will get coverage against this risk, which will also ensure you comply with all laws regarding liability insurance in Michigan. 

If you are looking for an RV insurance policy in the Birmingham, MI area, you should reach out to the team at High Favor Insurance. When you contact the team at High Favor Insurance, you can learn a lot more about all of the different RV insurance options that you have. This will help to ensure that you find a policy that adequately covers your RV and gives you the necessary liability protection that you need.