Protecting your Home Against Natural Disasters

Posted on July 29, 2021July 29, 2021 by agentinsure

In our beautiful state of Michigan, we could be prone to unfortunate natural disasters such as tornados, floods, and winter storms. Severe weather is a common occurrence in this state. Because of this, you must protect your home against these occurrences with adequate home insurance. We at Phil Klein Insurance Group serving the West Bloomfield, MI area are here for you to find the right insurance for your home.

Prepare Before the Disaster

To prepare for a natural disaster, you must review your policy every year with your agent. If you have a question or a concern about a specific thing your policy doesn’t cover, don’t hesitate to follow up with your agent. Some other useful ways to protect your home before a disaster include:

Take photos of items in each room in your house.
Create a detailed inventory list of valuables not in your photos.
Keep a copy of all insurance cards and declaration pages.
Make a list of important telephone numbers to call.

What About After a Disaster?

There are also a few things you must do after a disaster occurs. One of the first things you must do is to contact your insurance agent or your insurance company’s toll-free number as soon as possible. Be sure to take lots of pictures of the damage and to make a list of personal property damaged. Some of the other vital things you must do after experiencing damage to your home include:

While you are obligated to make temporary repairs, you must not make any permanent ones until your insurance company has inspected the damage.
Ask your insurance agent if your policy covers temporary lodging until repairs are made to your home.

Contact Us for Home Insurance Coverage

You must take serious measures to protect your home against natural disasters. If you live in the West Bloomfield, MI area, contact our office to set an appointment with one of our agents to find the right home insurance coverage for you.

Reasons to Review Your Life Insurance

Posted on June 14, 2021June 5, 2021 by agentinsure

Life insurance is designed to cover policyholders through various stages of their journey, whether it is taking care of dependents or helping you get the right plan for your retirement. But life constantly changes, bringing along different realities that need tending. If a few years have passed or you have recently experienced a milestone in your life, now is the time to review your policy. Phil Klein Insurance Group tackles the various reasons that residents within West Bloomfield, MI should revisit their life cover.

Your Premiums Have Changed

Premiums are subject to changes every now and then, with factors such as economic changes and legal requirements being some leading causes of this. Your insurance provider may, for instance, offer reduced premiums after some time lapses, making you eligible for reduced annual payments. With this, you could enjoy significant savings, helping you take care of other essential needs. Other instances call for an increase in interest rates, resulting in increased premiums, which will require you to change your payments.

Your Beneficiaries Have Changed

Various life covers protect dependants for specific periods, after which your loved ones may not be eligible to collect the benefits. This is often the case when your policy covers tuition fees and health benefits for specific events, calling for a review on your cover after these requirements are met. Based on your current state of life, identity if your dependants still need a cover for their daily routine. With this, you can then determine whether or not to update your beneficiaries and how to structure their future needs.

The Emergence of New Products

Life insurance may also offer new products with features that could benefit you or your family. If you have the option to get more riders or get new features underwritten for your life cover, it may be an ideal solution to have your current policy reviewed.

Your life insurance should reflect your family’s current and future goals to ensure you get the right coverage for your needs. If you reside within West Bloomfield MI and need help reviewing your cover, consider reaching out to Phil Klein Insurance Group today.

Who Needs Life Insurance in Michigan?

Posted on May 28, 2021May 30, 2021 by agentinsure

At Phil Klein Insurance Group, we always receive this question from our West Bloomfield, MI clients: Do I need life insurance? The answer to this question isn’t a straightforward one. To determine if you need life insurance, we need to understand the situation you are in. That said, if you belong in the below categories, you need a life insurance plan the soonest as possible.

You have a spouse

If you have a life partner, they depend on your income to make household expenses and other expenses like mortgage payments. Without life insurance, it could be devastating if they lose your income contribution.

You have children

With children, bills like school fees and child care become unavoidable. To ensure that your children’s lives aren’t interrupted in your absence, you need life insurance to replace your income when you die.

You have debts

Your debts won’t disappear when you pass away. If you have a mortgage, student loan, or credit card, joint owners and co-signers and probably your loved ones will be left bearing the financial burden of your unpaid debts.

You want to take care of your funeral expenses

Did you know that an average funeral in the US costs about $7,000 to $10,000? Of course, this cost can go up depending on your final wishes. You can save your loved ones this financial burden by purchasing life insurance. With life insurance, your loved ones can mourn in peace without bearing the headache of your funeral expenses.

You have a business

If you have a business, you may have a partner and employees that depend on you. If you die, you may leave them in financial shambles because they relied on your financial contribution. Thankfully, life insurance can help your employees and business partner buy time as they think of the next course of action.

Buy life insurance today!

Would you like to buy life insurance in West Bloomfield, MI? Please contact Phil Klein Insurance Group to help you buy a life insurance plan to take care of your interests when you pass away.

Will Home Insurance Inspect My Home?

Posted on April 12, 2021March 4, 2021 by agentinsure

When buying home insurance in West Bloomfield, MI, your insurer might, or might not, choose to send an inspector to your home to check it out. There is no legal requirement for them to do this, and you have no obligation to consent to a home inspection if you’d rather go with an insurance provider that does not put you through an inspection. It comes down to how each individual insurance provider chooses to do business.

There are two specific circumstances where your insurance provider is more likely to conduct an inspection:

When you are renewing your policy. Your home insurance provider might want to make sure there are no damages left unchecked, and that the home is not being neglected. So it’s not uncommon for insurers to send inspectors when you choose to renew a policy.
If your home is more than 25 years old and hasn’t been inspected in a few years. The older the home, the closer attention you’re going to need to pay to it to determine its value and any potential problems. So don’t be surprised if your insurer wants to run an inspection on your antique home.

Home insurers manage a lot of policies, and they might not have the time and resources to send an inspector for every new customer. So while some insurance companies do inspect homes for new policies, most don’t.

If you are looking to get your home in West Bloomfield, MI insured, or if you have any questions about getting covered, get in touch with the folks at Phil Klein Insurance Group. Phil Klein Insurance Group can get you the insurance policy you need to provide you with peace of mind.

What You Need to Know About Life Insurance

Posted on March 15, 2021March 2, 2021 by agentinsure

If you have felt confused about life insurance options the knowledgeable team at Phil Klein Insurance Group, serving West Bloomfield, MI is here to help. We understand that the topic of life insurance can sometimes feel awkward for families. No one wants to think about losing a loved one, but the truth is that there are financial issues that need to be figured out before it’s too late. We can help your family navigate these topics with knowledge and compassion. Keep reading to find out what you need to know about life insurance.

Why Is Life Insurance So Important?

Life insurance is an important type of financial investment which you will make for your family. Instead of thinking of life insurance as an expense each month, it helps to think of it as an investment you are making in your family’s future. Life insurance will help to cover the costs of your final expenses, as well as to provide financial security for your loved ones.

How Much Life Insurance Do I Need?

This question comes up very often when people are shopping for life insurance. There is no one size fits all policy. Each family is very different. The amount of life insurance that you should purchase will be based heavily on your family’s standard of living, the amount of income they will lose when you pass as well as other factors. The best way to determine how much life insurance you need will be to sit down with an insurance representative and discuss these issues. Be sure to talk with your family to make sure you have some idea of what your family’s expectations are as well.

If you would like to learn more about life insurance, please contact our office at the Phil Klein Insurance Group, serving West Bloomfield, MI.

Who Needs Commercial Insurance in West Bloomfield, MI?

Posted on February 28, 2021March 2, 2021 by agentinsure

If you are a resident of the city of West Bloomfield, MI, and want to know more about commercial insurance as it applies to you in this area, you should think about what an agency such as Phil Klein Insurance Group has to offer.

If you own a business in the state of Michigan, you are generally going to need to have commercial insurance. Specifically, you will need general liability insurance. This type of coverage will protect business owners from either indirect or direct damages. If your business is responsible for actions that end up causing damages to other parties or your own employees, general liability coverage will protect you here. It pays for both personal injuries and property damage. Personal injuries can involve visitors, customers, and even subcontractors.

Although the majority of business owners in Michigan are required to have some type of commercial insurance, they will have some options. They have a choice when it comes to policy limits and insurance deductibles within their commercial insurance coverage.

Many different types of business owners in Michigan will need to get commercial insurance. These include restaurants, contractors, retail stores, healthcare institutions, and many more. Some business owners may see this requirement as a burden, but the truth is that it can be very helpful in the right circumstances. You may not think that anything will happen if you are careful, but the truth is that you sometimes cannot control every event. You will be grateful that you have insurance when you end up needing it.

If you live in West Bloomfield, MI, and are in need of information about commercial insurance, you should feel free to contact the professionals at Phil Klein Insurance Group. They will be able to answer questions that you might have about commercial insurance and perhaps help you figure out what the right policy will be for your business.

An In-Depth Look At Disability Insurance

Posted on January 29, 2021January 29, 2021 by agentinsure

Based in West Bloomfield, MI, Phil Klein Insurance Group proudly services the community. We offer residents multiple types of insurance coverage. We want to make sure that our clients find the policies they need to protect what matters most. As an independent agency, we have partnerships with over 50 carriers around the country.

Disability Insurance Overview

Disability insurance covers you if you have a serious illness or injury that leaves you unable to work. The policy will give you peace of mind as you figure out the next stages in your life. An accident or life-changing event can occur at any moment. That’s why it’s important to have protection.

You have the option of short term coverage, which protects you for a few months while you rehab and prepare to return to the workforce. Long term disability coverage protects you over an extended period of time. You can amend your policy to cover you if you are undergoing training to learn a new skill or title on the job. You can also inquire about partial disability coverage, which protects you if you are only able to work on a part-time basis.

Age isn’t a big factor. Disability insurance can be an asset for younger workers in the workplace because an injury can occur at any moment. While your employer may offer disability coverage, research your own individual policy. That way, you will be protected if you decide to pursue new opportunities in the future.

Having your own policy also provides you with more flexibility in terms of coverage options. Be aware that you may have to deal with a waiting period before your coverage starts. The period normally lasts a few weeks. If you work at a job in West Bloomfield, MI with a high likelihood of injury, disability insurance provides a safety net.

Phil Klein Insurance Group Will Assist You

Visit our website to learn more information about disability insurance.

Phil Klein Insurance Group Can Meet All Of Your West Bloomfield Insurance Needs.

Posted on December 14, 2020November 30, 2020 by agentinsure

Phil Klein Insurance Group serves the community with quality and easy to purchase insurance policies. If you own your own business of any size commercial insurance is important for your personal safety and the protection of any employees. If you living in or around the West Bloomfield, MI area and have any questions about commercial insurance call us today.

Frequently Asked Questions About Commercial Insurance:

Is commercial insurance a legal requirement in Michigan? Yes workers comp insurance is required if you have one or more employees. And commercial vehicle insurance is required your business has even one vehicle for company use.
How much coverage does my commercial vehicle need? You must insure your commercial vehicle with at least bodily injury. If you drive your personal vehicle for work tasks, even if it is not set aside as company assets you should increase the insurance coverage. This is even more applicable if you have an employee that rides in or drives your personal vehicle during work hours.
Will the minimum requirements be enough to protect my business if needed? That depends on your unique business situation. For example, if you work mainly online with minimal driving then you may want to put more resources towards a cyber liability insurance policy. If you are at risk for litigation because you are in the public eye you may want to add an umbrella policy to protect yourself. You know the risks of running your business better than anyone. We will be happy to answer any specific coverage questions.

If you own a business of any size in or around West Bloomfield, MI give us a call at Phil Klein Insurance Group. We can answer any questions you may have about commercial insurance and provide you with any of your insurance needs.

Weather events covered by home insurance

Posted on November 9, 2020November 2, 2020 by agentinsure

When the weather outside is frightful your thoughts may be anything but delightful. You may actually be wondering if your home insurance will cover you for damages caused by weather events. The simple answer is yes it does but not every weather event. If you have a good insurance agent they will recommend that you add on to your policy any deficiencies that it may have for the area where you live. The Phil Klein Insurance Group in West Bloomfield, MI partners with more than 90 top carriers to provide our customers with the best possible choice.

These are some of the weather events that are covered by home insurance:

Tornados

A tornado is a column of air that rotates at up to 250 miles an hour. It is caused by thunderstorms and some severe thunderstorms spawn multiple tornados. The results are devastating. In the United States, more than a thousand tornadoes occur yearly causing billions of dollars in damage. Damage from less severe wind storms is also covered.

Ice Storm

Ice storms happen when the air on the ground is cold enough to freeze the rain as soon as it hits an exposed surface. The National Weather Service defines an ice storm as a coating of more than a quarter of an inch of ice. The weight of the ice collapses tree branches and they can cause a lot of damage. Electric wires also come down and cause power outages. If a tree branch damages your home or outbuilding it will be covered and the cost of removing the branch will also be included. If the branch falls but doesn’t hit anything, you must remove it yourself.

Snow

Snow damage is covered in most cases by your home insurance.

These are some of the weather events covered by typical home insurance. Always check your policy to be sure about any coverage. In West Bloomfield, MI the Phil Klein Insurance Group will be happy to talk to you about home insurance coverage on the telephone or in our office.

Understanding Auto Insurance

Posted on October 21, 2020October 21, 2020 by agentinsure

Auto insurance is the service we need to protect ourselves and others if we’re in an accident. Because accidents can happen unexpectedly, you need to cover yourself before it happens. The auto insurance agents at Phil Klein Insurance Group, in West Bloomfield, MI, are available and want you to understand the basics of auto coverage and why you need it.

No-Fault Coverage

One of the main types of coverage that most states require is liability insurance. In Michigan, you’re required to have no-fault coverage. With no-fault insurance, you won’t be sued if you’re involved in an accident that is deemed to be your fault. There are certain situations that are excluded.

If you cause an accident that results in someone being seriously injured or killed.
If you hit someone who is a non-resident and their vehicle is not registered in Michigan.
If you get into an accident outside of the state.

In these conditions, having no-fault insurance would cover some or all of the cost of medical bills, car repairs, and lost wages.

Three-Part Insurance System

In Michigan, the no-fault policy is made up of 3 parts.

Personal Injury Protection (PIP) – pays for medically necessary expenses for you if you are injured in an accident. PIP has no maximum limits, except when it comes to missed wages or death payouts. The maximum for death payouts or missed wages is 3 years and is based on your possible earnings.
Bodily Injury – helps pay for the medical costs if you cause an accident that injures someone else.
Property Damage – covers you from having to pay for damage to physical property, such as parked cars or fences.

If you need to adjust your coverage and you’re in the West Bloomfield, MI area, stop by Phil Klein Insurance Group to speak with an agent.