Does Boat Insurance Cover Bodily Injury?

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In Michigan, where summers are best spent on the water, boating is a favorite way to relax and enjoy the outdoors. However, with the freedom of boating comes responsibility, especially when others are on board or nearby. If someone gets injured while you’re operating your boat, will your insurance policy provide coverage? The answer depends on the type of coverage you’ve selected, as U.P. Insurance Agency Inc., serving Negaunee, MI, explains.

Understanding Liability Protection

Bodily injury liability is a key component of a boat insurance policy that can help if you’re held legally responsible for someone else’s injury. This could include situations such as a passenger slipping on deck, a swimmer getting too close to your vessel, or an accident involving another boat.

If you’re at fault, your insurance policy may cover the injured person’s medical expenses, lost wages, and related legal costs. Without this type of coverage, you could face thousands of dollars in out-of-pocket costs, which can be financially devastating.

What Liability Coverage Typically Includes

Liability coverage generally pays for:

  • Emergency medical treatment for the injured individual
  • Ongoing medical care if required
  • Compensation for lost wages due to the injury
  • Legal defense costs, if applicable

It’s important to note that liability coverage does not extend to you or your family members unless additional options are included in your policy.

Know Before You Launch

Boat insurance policies are not one-size-fits-all. Depending on the size and power of your watercraft, as well as where you use it, your coverage limits and exclusions may vary.

If you’re unsure about what your current policy includes—or whether your liability coverage is sufficient—a quick conversation with your insurance agent can provide clarity. Being properly covered ensures that your time on Michigan’s lakes remains safe, enjoyable, and worry-free. Contact U.P. Insurance Agency Inc., serving Negaunee, MI, to learn more about your options.

Businesses and Professions that Benefit from Umbrella Insurance

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While umbrella insurance assists businesses by covering legal fees and court costs for selected situations, its primary purpose is to extend the liability limits of other insurance policies. Every insurance policy limits the amount paid for claims, leaving the policyholder responsible for amounts over the limit. Businesses with umbrella insurance benefit when the umbrella policy covers the damages that exceed the limits of the underlying policies. If you’re considering adding umbrella insurance to protect your business, contact U.P. Insurance Agency Inc., serving Negaunee, MI, and the surrounding area.

The Professions and Businesses That Need Umbrella Insurance

While every business potentially benefits from umbrella insurance, companies that frequently have customers on their premises or whose business involves working at customer sites find it particularly valuable. Businesses that have customers or clients regularly enter their property face the potential for them to fall or otherwise injure themselves. Professions such as physicians and lawyers, and retailers such as restaurants, auto dealers, and shops face these risks. If an accident occurs, their umbrella policy extends the liability limit of the base policy.

Businesses that work at customer sites also benefit from umbrella policies. Those in the skilled trades who work on-site risk damaging customers’ property or injuring others. Similarly, companies that provide delivery services or otherwise operate vehicles can cause damage or injuries in work-related vehicle accidents.

Besides the value of the protection provided by umbrella policies, the need for umbrella policies is a standard contractual requirement for many government and private organizations.

Working With the U.P. Insurance Agency Inc.

The U.P. Insurance Agency Inc. team serves individuals and businesses in the Negaunee, MI, market. Call us at (906) 475-5400 to schedule an appointment or stop by our office to address your insurance needs.

Why You Need Uninsured/Underinsured Motorist Coverage

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If you’re in a budget crunch, you may look for ways to save money on various expenses. One area that may tempt you is dropping uninsured/underinsured motorist coverage on your auto insurance policy in Negaunee, MI. However, accidents with those who don’t have insurance occur more often than you think. U.P. Insurance Agency Inc. can help you learn how to save on your insurance policy.

What is Uninsured/Underinsured Motorist Coverage?

This coverage protects you financially if your vehicle sustains damage in an accident caused by another motorist who may have insufficient or no insurance. Some drivers only buy the state minimum-mandated coverage for damages and liability. In virtually any accident scenario, this minimum isn’t enough. Even if you are not at fault, you will pay all or most of your medical costs. This provision can also pay for damages if you sustain damages and injuries from a hit-and-run driver.

The Importance of This Coverage

Uninsured/underinsured motorist coverage is an add-on to your insurance policy. The state does not require you to include it in your auto insurance policy, but insurance experts highly recommend it. Michigan has one of the highest rates of uninsured motorists in the United States, despite state law requiring drivers to have insurance to drive legally. Some estimates indicate that almost 20% of Michigan drivers do not have insurance. That statistic means nearly one in five drivers on the road don’t have insurance. Premiums for uninsured/underinsured motorists are minimal, especially considering the thousands of dollars an accident can cost. Keeping this provision as part of your policy will give you peace of mind, knowing you have the means to cover medical bills, lost wages, and physical damage.

Contact U.P. Insurance Agency Inc., serving Negaunee, MI, to learn how to keep insurance costs down while still including uninsured/underinsured motorist coverage.

You Don’t Have to Work in a High-Risk Industry to Benefit from Commercial Insurance

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You don’t have to own and operate an underwater welding business to appreciate the value of commercial insurance. In fact, you don’t have to work in any high-risk business at all because every type of business can benefit from the right commercial insurance solutions. That is also why Negaunee, MI area business owners rely on the professional and proven team at the U.P. Insurance Agency Inc. for all their commercial insurance questions and needs.

The Benefits of Commercial Insurance for All Businesses

If your business houses products or materials or has customers, employees, equipment, or tools, commercial insurance can help. And the truth is, regardless of how dangerous the work or industry is, every business has more than a few reasons to consider commercial insurance. With protection from liability issues and claims, to protecting your assets and property, you don’t have to work in a high-risk field to benefit from the protection that commercial insurance affords. That is why working with experienced and knowledgeable agents who can assess your company’s risks and help you get the coverage your business needs is a good idea.

Commercial Insurance Solutions at the U.P. Insurance Agency Inc.

Do you own a business in or around the greater Negaunee, MI, area? Do you have questions, or would you like to learn more about commercial insurance for your company? We can help. Contact us to find out more and schedule an appointment with our friendly and reputable team at U.P. Insurance Agency Inc. today. From construction and manufacturing to sales and service, we are here to provide the commercial insurance solutions your business needs and deserves, no matter what industry you work in.

How Worker’s Comp Insurance Helps Your Business and Your Employees

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The cost of workplace accidents can be staggering, making worker’s compensation insurance crucial for both your business and your employees. If you have employees, this type of insurance is essential. To find out more about these policies, we’re here to help. Call us at U.P. Insurance Agency Inc. in Negaunee, MI.

Worker’s Compensation Insurance: A Benefit for Your Business

The cost of a workplace accident or a work-related illness can be extreme. There are often high medical bills even if the accident wasn’t serious. In addition, there are other costs that your business would have to pay if you didn’t have worker’s comp coverage. These include legal bills, lost wages, and any ongoing treatments or therapies that are needed. All these costs can add up to an enormous amount, and your business would have to pay for all those bills if it didn’t have this insurance.

Worker’s Compensation Insurance: A Benefit for Your Employees

Worker’s compensation insurance is also beneficial for your employees. They mustn’t worry about what would happen to them if they had an accident and could not work. With worker’s comp in place, the funds will be there just in case this does happen. The policy can pay for a wide array of bills that would be very difficult for many employees to pay for alone. Keep this insurance in place to make sure your employees have nothing to worry about in case of an accident.

Secure Worker’s Comp Insurance

It’s always important to have this insurance to protect your business and employees. If you don’t have a worker’s comp policy yet, or you want to switch to a new one, call us today at U.P. Insurance Agency Inc. in Negaunee, MI to learn more.

Do You Own a Classic, Vintage, or Antique Car?

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When you purchase classic car insurance from U.P. Insurance Agency Inc., it covers your classic, vintage, and antique vehicles. You’re correct if you, like many classic vehicle owners, refer to your auto as a classic. However, within automotive collecting, the age of a vehicle determines its technical descriptor. Your car’s age may afford you added insurance options.

Definition of a Classic

Any vehicle over 20 years of age and maintained with original equipment manufacturer (OEM) parts in its original state qualifies as a classic car. The classic vehicle you purchased in Negaunee, MI, qualifies for classic car insurance, whether it’s a 1975 VW bus or a 1930 Aston Martin. You might notice someone referring to a car as an antique or vintage vehicle at car shows. Those terms refer to vehicles of specific ages:

  • Classic car, an auto older than 20 years
  • Antique car, an auto older than 45 years
  • Vintage car, an auto constructed between 1919 and 1930
  • Veteran car, an auto constructed before 1905.

A gray area exists from 1906 to 1918 that some sources refer to as pre-vintage, according to The Car Investor. According to the United Kingdom’s National Motor Museum, other sources refer to vehicles of that era as Edwardian. In each case, for the vehicle to qualify as a classic, it must remain unmodified, in good condition, and peak collector interest.

Contact Our Office to Update Your Classic Car Coverage

Learn about available coverage, such as coverage for vehicles during the restoration process and spare parts coverage. Classic car insurance uses an agreed-upon coverage valuation. Work with us to ensure that your U.P. Insurance Agency Inc. classic car insurance reflects the accurate value of your vehicle parked in a Negaunee, MI, garage.

What Type of Business Needs Recreational Insurance?

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Specialty insurance policies cater to various business types, and recreational insurance is one such policy. If you operate a recreational business, having this type of insurance for protection is crucial. Contact us at U.P. Insurance Agency Inc. in Negaunee, MI for more information.

Understanding Recreational Businesses

Recreational businesses typically offer customers unique experiences, often involving physical activities. These could range from outdoor adventures like rafting, hiking, biking, and skydiving to indoor activities like wall climbing. While these activities may seem harmless, they carry inherent risks, and accidents can occur.

Dealing with Customer Accidents

Recreational insurance protects your business against the costs associated with customer accidents. These costs can be extensive, covering physical or mental injuries that require medical treatments, ongoing therapy, legal fees, and even lost wages. Without recreational insurance, these expenses would have to be covered out of your business’s pocket.

Securing Recreational Insurance

If your business revolves around providing experiences, recreational insurance may be necessary. Ensure your company is well-protected with the right insurance. If you’re unsure whether your business requires this specific type of insurance or if another type might be more suitable, contact us at U.P. Insurance Agency Inc. in Negaunee, MI.

Can Landlords Require That Tenants Purchase Renters Insurance?

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Negaunee, MI landlords can require tenants to purchase renters insurance if this requirement applies to all their tenants. However, it’s not only landlords who benefit when renters buy a policy. Renters insurance has much to offer tenants of all ages and walks of life. You may want to consider buying this form of coverage even if your landlord doesn’t require you to do so.

How Does Renters Insurance Work?

Your landlord likely has landlord insurance. This policy compensates for damage to the house structure and any appliances the landlord owns. If the landlord owns an entire apartment or condo, this insurance extends to common areas such as a communal laundry room. However, your landlord’s policy doesn’t cover any of your losses if an unfortunate event occurs.

Renters insurance policy compensates for damage to or loss of your belongings. It also provides loss-of-use coverage that will pay for expenses related to moving out of your rental unit in the event of a natural disaster. Furthermore, renters insurance protects you from lawsuits by providing liability coverage and medical coverage in case anyone outside your immediate family is injured while visiting your home.

Get in Touch with U.P. Insurance Agency Inc. for More Information

If you live in Negaunee, MI, or are planning to move here soon, contact our team to learn more about your renter’s insurance policy options. U.P. Insurance Agency Inc. has more than thirty years of experience helping local residents find great insurance deals, and we look forward to helping you find a policy that meets your exact needs.

What to Know About Coverage for Electric and Hybrid Vehicles

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Electric and hybrid vehicles (EVs and HVs) are reshaping the automotive landscape and our approach to auto insurance. With technological advancements, rising fuel costs, and more eco-friendly options, many drivers are switching to these innovative vehicles. Serving Negaunee, MI and the surrounding areas, U.P. Insurance Agency Inc. offers the coverage you need to keep your electric or hybrid vehicle safe both on and off the road.

The Rise of Electric and Hybrid Vehicles

As concerns about air quality and climate change grow, many drivers are seeking environmentally-friendly alternatives to traditional gas-powered vehicles. The development of new electric and hybrid models reflects a commitment to sustainability for the betterment of the planet.

Types of Insurance Coverage for EVs and HVs

Several factors must be considered when comparing insurance coverage options. Most standard auto policies for EVs and HVs include essential types of coverage, such as liability, collision, and comprehensive coverage. However, specialized coverage options may be available, such as battery and charging equipment coverage.

Choosing the Right Auto Insurance Policy

Selecting the right insurance for your electric or hybrid vehicle requires a detailed look at the vehicle’s value, driving habits, and use of advanced features like driver-assistance systems. If you’ve installed a home charging station for your vehicle, consider whether your insurance covers the potential damage to this equipment.

Stay Protected on the Road with Auto Coverage

The right auto insurance for your electric or hybrid vehicle can offer comprehensive protection against potential risks, such as damage, theft, or vandalism to your vehicle. At U.P. Insurance Agency Inc. in Negaunee, MI, we offer complete auto coverage tailored to your unique needs. Call us at 906-475-5400 to speak with an agent today.

Learn How Extreme Temperatures Affect Your Home Insurance Policy in Negaunee, MI

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The Impact of Extreme Temperatures on Home Insurance Policies

Rising extreme weather events worldwide have prompted homeowners to scrutinize their insurance policies and assess whether they provide adequate coverage for extreme temperature variations.

Learn from the professionals at U.P. Insurance Agency Inc. in Negaunee, MI, about how severe temperatures can influence your home insurance policy.

Climate-Associated Risks for Homeowners in Negaunee, MI

Fluctuations between extremely hot and cold temperatures can wreak havoc on your home insurance policy, particularly when winter storms, heat waves, and snowmelt runoff damage the structure inside or outside.

  • Winter Storms: Intensifying winter conditions, including snowstorms, ice storms, and freezing temperatures can damage your home’s roof, pipes, or foundation.
  • Extended Heat Waves: Michigan residents’ unprecedented high temperatures can lead to wildfires, air conditioning system failures, and additional energy costs for non-energy-efficient appliances.
  • Flooding: Heavy rainfall, snowmelt, burst pipes, and leaks can lead to home flooding, which your insurance policy might not cover.

A comprehensive home insurance policy can protect your home’s interior, exterior, and personal belongings, making it a safety net against various weather-related hazards. Speak to a licensed insurance agent to ensure that you and your family have adequate financial protection from extreme weather events.

Insurance Protections Against Extreme Weather Events in Negaunee, MI

Don’t wait until severe weather strikes to safeguard your home and family. A trusted insurance agent at U.P. Insurance Agency Inc. can explain the differences between home insurance and flood insurance and provide professional advice to protect your assets.

Contact us today to learn more!

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