Quick Answer: To set your insurance premium according to the likelihood that an insurance company will pay a loss for you in the near future. Over the years a lot has changed in how insurance companies determine rates. Because new technology and rating formulas allow them to more accurately predict who will have claims and who will…
Quick Answer: “Other than Collision” physical damage coverage for your auto. When you select to insure your car with “Comprehensive” coverage, you are asking the insurance company to pay in case something happens to your car. This is a little different from coverages that pay for injuries you cause to people or their property. Instead, this coverage pays for your car.…
Personal Injury Protection (PIP)– In Michigan’s no-fault auto insurance system, Personal Injury Protection provides for the payment of medical bills and lost wages if you are injured in an auto related accident. When quoting in iSCHURING, you must decide if your auto insurance company will be paying on a “Primary” or “Excess” basis for both medical…
In Michigan’s no-fault insurance system, drivers are typically responsible to pay for damage to their own cars. The idea is that the system will run much smoother, since we won’t be suing each other for damage to our cars. For the most part it works. However, in a couple of different situations you may be required to pay…
Short Answer: It’s a discount, BUT you may also lose valuable income replacement coverage. In Michigan, you have an option to waive the work-loss benefits within the no-fault Personal Injury Protection section of your policy. Personal Injury Protection provides for the payment of medical bills and lost wages if you are injured in an auto related accident. For PIP…
According to an article written last year by AdWeek, 44% of millennials see their pets as “starter children.” What does this mean? More and more millennials are getting married and having children later in life – and first, are opting for a commitment to a furry friend. These companions allow millennials to have experience taking…
Unlike with health insurance, there is no specific age in which children must be taken off of your auto insurance policy. As long as your child lives under your roof and drives your vehicles, he/she can (and should) be under your policy. The timing of taking your child off of your auto policy will vary…
Why Do I Need to Review My Policy? With the New Year, it is a great time to evaluate your policies. Maybe you remodeled your home last year and forgot to let your agent know. Or, maybe you finally caved and bought an RV. Make sure to get it on your policy as soon as…
Our pets have become like family to us. They are there to provide comfort and friendship. But what happens when that family member becomes sick or injured? FIGO Pet Insurance helps provide Peace of Mind by picking up the expensive cost for illnesses and injuries that your pet could incur. Emergency care, hospitilization, X-rays, MRI’s,…
From working on the ranch to blasting through the sand dunes, ATV’s and UTV’s are being used for all sorts of purposes. iSCHURING can help you select the right coverage for your unit and get you ready for fields, trails, or wherever it is you’re headed. With multiple insurance companies available, iSCHURING can provide many…