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The Three Deadly Sins of Property Insurance

Our furnace malfunctioned last week causing smoke damage to our building, machinery and inventory. We already paid our deductible, but now the insurance company is telling us that they will only pay for one- half of the damages.  My building burned down last month, but now the insurance company refuses to pay for the fire […]

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Who is listed as a driver on your auto insurance policy?

EXCLUSION OF DRIVERS UNDER A MICHIGAN AUTOMOBILE INSURANCE POLICY Insurance companies often exclude drivers from personal and commercial insurance policies. The insurance companies will typically use an ISO type form indicating the following: We will not be liable for any accidents or losses while the covered auto was driven by:             The problem with this language […]

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I only have one employee. Do I need workers’ compensation?

  A great deal of confusion centers around who must secure Michigan workers’ compensation insurance. Too  often  only  after  an  asset-threatening claim  does  a  homeowner  or  a  small commercial employer discover that absent a workers’ compensation policy, his/her liability insurance cannot or inadequately responds. Also,  Department  of  Labor  fines  and penalties often apply because of […]

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Actual lawsuits in Michigan….Don’t let them happen to you!

The purpose of this Special Report is to share some of the real-life liability cases over the last 15 years in Michigan. In fact, there were so many cases that we decided to compile a list of those lawsuits over $1,000,000 in Michigan just to show the extent to which one simple accident could wipe […]

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“Are there risks in changing my insurance?”

  Asking for Quotes How you go about buying insurance is an important process. Some buyers make multiple copies of their current insurance policies and invite multiple agents to bring in quotes from multiple insurance companies and ask that they quote “what I have right now.” These agents, in turn, send applications to multiple insurance […]

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Am I covered for the cleanup of pollutants following a major claim such as a fire?

The following is an explanation of the pollutant cleanup coverage which is available under  the  standard  property insurance policy.  As always, no two insurance companies or policies are created equal.  The actual language of these provisions will vary on a case-by-case basis. Property Insurance Policy The standard property insurance policy provides very little coverage, if […]

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Marsh & McLennan Agency Acquires Cambridge Property & Casualty

Marsh & McLennan Agency Acquires Cambridge Property & Casualty  Acquisition expands MMA’s capabilities in Michigan White Plains, New York, December 3, 2013 – Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., today announced the acquisition of Cambridge Property & Casualty, one of the largest property/casualty insurance agencies in Michigan. Terms […]

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“YIKES! My Rolex wasn’t covered under my homeowners!”

  Limitations of Coverage Many people do not realize that limitations exist  within  homeowners  insurance  policies for   certain   classes   or   types   of   personal property such as treasured jewelry, exquisite artwork, coin collections, antiques, and other collectibles. Did you know that most homeowners insurance policies only provide $1,000-$5,000 in coverage for theft and misplacement of jewelry? […]

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Why do we want the BEST of everything, except insurance?

As insurance advisors, we are given insurance proposals received by our clients from other insurance agents that have a lower premium than what our client is currently paying. Our client is impressed by the lower premium and wants to make a change. It constantly amazes me that those same insurance buyers take a far different […]

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The Three Deadly Property Sins

Our furnace malfunctioned last week causing smoke damage to our building, machinery and inventory. We already paid our deductible, but now the insurance company is telling us that they will only pay for one- half of the damages. My building burned down last month, but now the insurance company refuses to pay for the fire […]

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