Umbrella Insurance policies were introduced to the marketplace in 1949. However, it took until the 1960's for the concept of umbrella insurance to hit its stride. Umbrella insurance provides additional liability coverage to other active insurance policies a consumer may carry simultaneously.
Umbrella insurance kicks-in when other insurance policies have reached their maximum payout limits. For those in the Muskegon, MI area that are new to the concept of umbrella insurance, contact the licensed professionals of Janis-Shunta Insurance to determine which umbrella policy best fits your situation.
Umbrella insurance is a product that adds additional liability coverage to life's unknown events. Would your current coverage pay in the event that...?
- Your large dog bites a child in your Michigan neighborhood?
- Your oil storage tank contaminates your Michigan neighborhood's soil?
Generally speaking, a traditional home insurance policy (and auto policy) would not pay for these events. But, an umbrella insurance policy might meet these potential liabilities, at very little cost.
The Basics of Umbrella Insurance
Personal umbrella insurance policies are typically written to begin when a claim exceeds one's homeowner's and automobile insurance limits – generally at amounts above $1 million. Those who opt for umbrella insurance coverage, typically, do so preemptively to reduce the discomfort of an unpredictable financial future.
For those who are price-sensitive, umbrella insurance is the instrument to use for those who want additional protection and coverage, with reasonably low costs. The point of an umbrella policy is to have a safeguard in case a major accident or incident takes place. Being safe than sorry is important. For instance:
- Auto insurance policies have a predetermined maximum payout for weather causes and accidents.
- Homeowner's insurance policies also have predetermined maximum payouts that apply in these instances.
The Take-Away
Umbrella insurance is a wise choice and a great way to protect one's self from unexpected future legal hassles. The insurance professionals at Janis-Shunta Insurance are ready to assist the residents of Fruitport and Muskegon, MI. Contact them today. Reach out to our agents with your questions and to get a quote.
Michigan Umbrella Insurance Requirements
Understanding what coverage Michigan law requires helps you stay compliant and avoid penalties.
Industries We Serve
We write umbrella insurance for a wide range of Michigan businesses.
Don't see your industry?
This list is not exhaustive. Contact us to discuss your specific business and coverage needs. As an independent agency, we work with multiple carriers and can often find coverage for businesses that other agencies turn away.
Frequently Asked Questions
Common questions about umbrella insurance in Michigan
Why Work With an Independent Agency
We represent you, not the insurance companies.
Multiple Carrier Options
Captive agents represent one company. We work with multiple carriers to find the right combination of coverage and price for your specific business.
Local Knowledge
We understand Michigan's insurance requirements and the industries that operate here. When regulations change, we help you stay compliant.
Claims Assistance
When you have a claim, we help you navigate the process. You have an advocate who knows your policy and can communicate with the carrier on your behalf.
Our Offices
Three locations serving West Michigan since 1994