RISK MANAGEMENT
Insurance Insights
 
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August 30, 2024 |

There are a number of smart reasons for buying a used vehicle. It’s a great way to save money and avoid the depreciation costs commonly associated with purchasing a new vehicle. At the same time, however, the cost benefits of a preowned vehicle can quickly vanish if you end up with an automobile that has hidden problems.

May 24, 2024 |

When it comes to getting collision repair work on your vehicle, finding the right body shop is an important step. You don’t want to overpay, but you also don’t want subpar work. With so many options out there, making a decision can be stressful. But if you do a little research, you can be sure your car is in the right hands.

January 31, 2024 |

According to the FBI, staged auto accidents – which occur when one or more drivers maneuver an unsuspecting motorist into a vehicle crash in order to file a fraudulent insurance claim – cost the insurance industry more than $20 billion each year.

November 15, 2023 |

Completing an auto insurance application is a fairly simple process. However, it’s still important to take your time and avoid making mistakes. Even the simplest error can lead to increased premiums, policy cancellations or insufficient coverage.

March 7, 2023 |

The premise of defensive driving is simple—defend yourself against potential accident hazards. Doing so requires driving techniques designed to help keep both you and other drivers safe on the road. With this in mind, we’ve put together these essential defensive driving tips that you can implement the next time you get behind the wheel…

June 29, 2022 |

The vehicles on the road today have become increasingly advanced with each passing model year. Yet, as a whole, they’re relatively easy to steal. With this in mind, we put together the following theft prevention guidelines. Each tip is designed to help you reduce the risk of getting your vehicle stolen.

February 9, 2022 |

The Michigan Catastrophic Claims Association (MCCA) will begin efforts to return approximately $3 billion of its surplus to Michigan auto insurance policyholders. Working with the MCCA, insurance providers will issue Michigan drivers refunds in the amount of $400 for every eligible vehicle that had liability coverage as of 11:59 p.m. on October 31, 2021.

January 5, 2022 |

There’s a common misconception among car owners that if their car is totaled in an accident, it will be replaced at the original purchase price, or at least the amount that is still owed for financing. But in reality, this is not always the case. The purpose of this Auto Insights blog is to define the reason behind this misconception, and what you can do to protect yourself.

November 30, 2021 |

A great way to help take the bite out of winter is to make sure your vehicle is ready for the cold weather and driving challenges the season brings. Anyone who’s spent a few winters on the road knows that frigid temperatures make driving difficult: car engines may not work properly, while snow on the road limits traction and control. That’s just a few reasons winterizing your vehicle is so important.

September 10, 2021 |

Purchasing auto insurance can be a challenging process. Given the massive amount of information available, many policyholders are faced with deciphering the facts from the myths in order to arrive at the right insurance solution. To help clear up any misinformation surrounding your auto insurance policy and put your mind at ease, we’ve debunked eight of the most common auto insurance myths…

June 3, 2021 |

On the surface, lowering your coverage—like comprehensive or collision—to the lowest legal level might seem like a good way to lower your premium. But it could also put you at significant risk. For example, if you lower or eliminate your collision coverage, you could end up paying out-of-pocket for expensive repairs resulting from an auto accident. To help avoid a situation like this, it’s important to learn the basics of auto insurance protection.

March 10, 2021 |

A teenager with a driver’s license can be a major convenience for families on the go. Insuring a new driver, however, can be costly. The reason it’s more expensive to insure a teen driver is fairly simple – the risk of motor vehicle crashes is higher among 16- to 19-year-olds than among any other age group. The higher the risk, the higher the premium. The good news is…

January 8, 2021 |

A growing number of drivers assume that when it comes to insuring a vehicle, there’s a choice to be made between collision and comprehensive coverage. The truth is, purchasing both coverage options can help you better protect your financial well-being. Before you make this decision, however, it’s important to understand what each option brings to the table.

December 23, 2020 |

There’s nothing like the peace of mind that comes from knowing your most valued assets have the protection of high-quality insurance coverage. This is especially true when you combine your insurance policies to take advantage of a special “bundling” discount.

May 18, 2020 |

When Michigan’s new auto insurance laws take effect, one of the key decisions you’ll face involves liability coverage. This coverage protects drivers from legal damages if they cause an accident that results in another person’s serious injury or death.

May 12, 2020 |

It won’t be long before Michigan’s new auto insurance reform law takes effect. Starting July 2, 2020, when you renew your auto insurance policy, you’ll have some important decisions to make with respect to your coverage. One of several aspects to consider is your liability protection.

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