Why should I get flood insurance?

When you are in the Escanaba, MI area, you will continue to have a great long-term option of purchasing a home. Those who buy real estate here can benefit in a range of different ways, including helping you build long-term equity. If you choose to purchase a home here, you need to get the right insurance. One type of insurance that you will need to get is flood insurance. There are several reasons that someone may need to get flood insurance here.

Insurance Needed to Protect Home

If a flood ever damages your home, the costs to mitigate the damage can be significant. Due to this, you should always look for ways to protect your home against this risk. Since many home insurance policies do not have a substantial amount of flood coverage, getting a flood insurance policy separately could be the best way to protect your home and investment. 

Insurance Could be a Requirement

Other people may need to get a flood insurance policy if their home is located in a flood zone. Depending on where your home is located, it could be in a FEMA designated flood zone. In these situations where your home is located in a designated zone, your mortgage lender may require that you carry a full flood insurance policy. 

If you would like to get a flood insurance policy in the Escanaba, MI area, you need to get the support necessary to understand your options fully. The team at the Luft Insurance Agency will help you evaluate your situation to determine if flood insurance is needed. If you need to get flood insurance, the Luft Insurance Agency will help you build and choose the right policy for your situation.

When should I review my auto policy

Your auto policy renews either every six months or yearly. About a month before your insurance is due to renew, you will get a letter from your insurance company. It has a declaration page as well as your new insurance cards. You will be told what your new rates will be. Many policies automatically renew, which may mean that you won’t pay attention to the declaration you get. This is convenient, but it may not be in your best financial interest. With almost 20 years of experience, Luft Insurance Agency in Escanaba, MI has lots of information to share with its customers. 

Review your policy when you add or subtract a vehicle

Adding or subtracting a vehicle to your auto policy will cause a change in your premium. You will get a new declaration page, and it is important you look at the figures and makes sure they make sense. Some carriers give a multi-vehicle discount. You also need to check the coverage included for each vehicle. 

Review when you add or remove a driver

It is always good to review your policy when you add or subtract a driver. Some drivers are at higher risk than others, and you need to discuss this with your agent. You may need to consider other carriers to get the best rate. 

When your income goes up

Part of your auto insurance is liability coverage. This is the coverage required by most states, and if you’ve had your policy for a while and you purchased what you were required to have, it may be time to update your coverage to more appropriate limits. 

Reviewing your auto insurance is an important thing to do. At Luft Insurance Agency in Escanaba, MI, we recommend a yearly review. Please stop in or give us a call so we can review your auto insurance policy with you.

An Extensive Overview Of Medicare Supplement and PDP Insurance

Luft Insurance Agency assists the Escanaba, MI community by offering residents different types of insurance policies. We strive to help our clients find coverage that aligns with their circumstances.

Medicare Supplement and PDP Insurance

At Luft Insurance Agency, we believe that having health insurance coverage is very important. With so many different medical illnesses developing every year, it is vital that you are protected in the event that you get sick. Medicare supplement and PDP insurance will help ensure that you are covered as you go through the healing process.

Medicare supplement insurance helps fill in gaps with your treatment that may not be covered under Medicare Plan A and Plan B. This will help alleviate some of the stress that you may start feeling during your treatment. Medicare supplement insurance is especially beneficial when you are undergoing an outpatient procedure. If you have to undergo a unique type of procedure, Medicare supplement insurance is also an asset.

PDP insurance assists you by covering some of the charges associated with prescription drugs. Research your policy to see how much coverage you will receive based on Medicare Part A and Part B. You’ll also have to check your policy to ensure that both brand name prescription drugs and generic drugs are covered under your plan. Depending on the type of illness that you have, your treatment may change. Pay special attention to the enrollment date so that you won’t have any months where you aren’t protected while you wait for your coverage to start. In most cases, it’s recommended that you enroll at the start of the month.

Luft Insurance Agency Will Guide You Through The Process

If you are an Escanaba, MI resident, and you are researching Medicare supplement and PDP insurance, contact our office today! We will help you find the coverage that you are looking for.  

Why do I need renters insurance

When you are a renter, you may not think about insuring your home. Why should you, you don’t own it? The landlord has to have insurance, doesn’t he?  He probably does, but his insurance isn’t going to protect you. It is going to protect him and his building. Michigan does not require renters to carry insurance, but your landlord or leasing company may. They are doing you a favor by requiring it. At Luft Insurance Agency in Escanaba, MI, we have been in business for almost 20 years and have experienced staff to help with your insurance needs. 

Renters insurance offers valuable protection. It will help to repair or replace your personal property if your rental is damaged or destroyed. Not every hazard is covered, but it does cover common events like fire, theft, storms, and vandals. You own a lot of stuff whether you realize it or not, and having to replace it all at one time may not be possible for you without the help of renters insurance. 

If your rental unit is damaged so severely that you are not able to live in it, renters insurance can help to find you a new place to live until you can move back to your home. It can also pay for a hotel stay while you look for a temporary rental. 

Liability coverage is one of the most important parts of rental insurance. If someone gets injured while visiting you, you can be liable for medical costs and may even get sued. This can cost you a lot of money in legal fees and judgments. It can also help to cover damage you or a family member may contribute to someone else’s property. 

Rental insurance offers valuable protection. Luft Insurance Agency in Escanaba, MI would love to talk to you about how this insurance can provide peace of mind. Give us a call or stop by our office for a no-obligation quote.

5 Reasons to Purchase RV Insurance

If you’re a new RV owner, chances are you have questions about insurance coverage. You want adequate protection but aren’t sure what coverage would be right for you. At Luft Insurance Agency, we’re more than happy to answer your questions and help you make good insurance choices. Here’s why RV insurance is essential in Escanaba, MI, and why you should have adequate coverage.

Protection against Crashes

Collision insurance covers your RV against collision damage. Even small dents can be costly to repair on an RV. Imagine how a major crash in Escanaba, MI will affect your finances if you have to pay your repair costs out of pocket.

Protection against Theft & Non-Collision Damage

If your RV is stolen at home or on the road, comprehensive insurance compensates you for its market value. It also covers damage to your RV from fire, inclement weather, or vandalism.

Protection against Total Loss

Total loss coverage helps cover the cost of replacing your RV if it’s destroyed by fire, collision, or other covered peril, so you don’t lose out on your investment.  

Protection against Breakdowns

Roadside assist coverage helps cover the cost of towing your RV to a repair shop if it falters during your travels, so you’re left stranded in the middle of nowhere.

Meet Insurance Requirements   

Michigan requires that RV drivers have minimum liability coverage by law. Liability insurance covers injuries or damage to other drivers in accidents that are your fault. If an accident you cause leads to a lawsuit, liability insurance helps cover your legal costs.

By compensating you for your vehicle repairs or the repairs and injuries of other drivers, RV insurance can save you thousands of dollars out of pocket. To purchase your RV insurance policy, call Luft Insurance Agency today.

Boating in Upper MIchigan

Michigan is known for a lot more than the bustling crowds and streets of Detroit. Indeed, it is also known as an idyllic boating environment that we almost take for granted. Here in Escanaba, MI, situated along the banks of Lake Superior, and nestled along Little Bay de Noc, boating is a passion, lifestyle, and fun day of distraction for many of our friends, family, and neighbors. 

As such, staying safe on the water is everyone’s responsibility, but the boat captain and owner must ensure that they have the insurance should an accident occur. Luft Insurance Agency is standing by with our cadre of trained, licensed, and knowledgeable staff with the information you need to know about your Michigan boating insurance needs.

Boating Insurance in Michigan

Crafting the perfect watercraft insurance is the first key to safely navigating the waters of Little Bay de Noc. Protecting your jet-ski, boat, or other watercraft with insurance works in the same manner as your automobile insurance, and the best way to understand your coverage is to speak with a licensed boat insurance agent.

Also, like automobile insurance, boat insurance coverage helps repair any damage to your vessel while out on the war. As such, should you accidentally run aground or hit another watercraft, your coverage will help you get back on the water without having to pay anymore than your deductible.

Luft Insurance Agency Protects Your Boat in Upper Michigan

Boating in Michigan is one of the best reasons for living in Upper Michigan. For fellow Yoopers in Escanaba, MI who want to ensure that they have enough boat insurance for the season, we welcome you to come and visit our team here at Luft Insurance to discuss all of your insurance needs for your active Upper Michigan lifestyle.

Three Tips for Putting My Car in Storage

If you are going to put your vehicle in storage, there are a few things you should remember. In Escanaba, MI, the agents of Luft Insurance Agency can assist you by giving you some helpful tips that will keep your care secure and in good condition. Even though your car won’t be out on the road, you will still need to take steps to protect it.

Check Your Engine

Change your oil and check your engine. Make sure all of the fluids are topped off and that everything is in good working order. This will ensure that when you pull it out of storage, it will be road-ready and set for travel.

Keep It Clean

Take your car through the car wash and wipe down the interior. Remove any trash or debris and make sure that all of the compartments are empty. For an added touch, put a new air freshener in it so that it smells clean and fresh when you take it out of storage.

Maintain Your Insurance

Even though you may not be driving your car for a few months, it’s important to keep your vehicle insured. This will cover any damage that may occur while it is in storage.

Agents at Luft Insurance Agency understand how important your vehicle is to you. Winters in Escanaba, MI can be harsh, so putting your vehicle in storage is just one way you can protect it from the elements. Call and speak to one of the agents today and find out what type of policies are available if you plan on putting one or more of your vehicles in storage. They have the answers to all of your questions!

Three reasons why you need a Medicare supplement

It is recommended that those who are on Medicare for healthcare coverage invest in a Medicare supplement plan. At Luft Insurance Agency, we offer a variety of Medicare supplement options that clients in Escanaba, MI can consider. 

The following are the three main reasons why you need a Medicare supplement to complement your Medicare coverage. 

You enjoy coverage for certain pharmaceuticals that are not included in general Medicare Plan A and Plan B. 

All seniors have Medicare Plan A coverage, and some invest in Plan B coverage as well. However, this coverage will not cover the costs of all pharmaceutical medications you might need.

One area where Medicare supplement coverage is incredibly helpful is in covering the costs of pharmaceuticals. If you invest in a supplement, you’ll have greater confidence that the costs of the medications you need will be covered. 

You enjoy greater peace of mind in knowing your healthcare needs will be covered.

It can be stressful as you get older to worry that your healthcare needs won’t be covered. Medical expenses are among the biggest costs many seniors face.

A Medicare supplement can provide you with greater peace of mind by helping you avoid unaffordable medical expenses as a result of healthcare needs. 

You can avoid the requirement to pay co-pays on Plan B outpatient care coverage or take advantage of lower co-pays. 

Plan B Medicare coverage typically requires co-pays on the outpatient care it covers. These co-pays can add up in expenses quickly. With a Medicare supplement, you can either reduce your co-pays or eliminate them to enjoy lower healthcare costs. 

To learn more about our Medicare supplement coverage at Luft Insurance Agency in Escanaba, MI, contact our office.

When is renters insurance needed in Escanaba?

Anyone that is moving into a new rental property in the Escanaba, MI area will likely be very excited about their new adventure. If you are moving into a new place, you need to make sure that you are fully prepared to meet all of your obligations. One thing that many people may need to do is get insurance for their rental home or apartment. There are several situations when this will be required.

When Assets Need to be Covered

The first situation when you will need to get renters insurance is when you have belongings that you want to be covered from theft and disaster. If you move into an apartment, the landlord’s insurance coverage will not cover your personal assets. If there is a fire or theft, you could lose all of your assets and not receive reimbursement. However, a renters insurance policy will give you coverage for this.

When Required by Landlord

Another situation when you will need to get renters insurance is when your landlord requires it. A diligent landlord will want to make sure that their property is adequately covered for any situation. To ensure that their tenants are included as well, requiring renters insurance at all times is common. You will need to provide evidence of this insurance coverage to your landlord in some cases. Not having this coverage will be a violation of your lease.

Renting an apartment or other property is a big responsibility. One thing that you will need to consider before moving is how to acquire a quality renters insurance policy. When looking for your next policy, you should call Luft Insurance Agency. The agents at Luft Insurance Agency in Escanaba, MI will be able to answer your questions and ensure that you find the right policy. 

What Does RV Insurance Cover

Taking to the open road with your RV is the stuff dreams are made of. Visiting all the places you have read about or just getting away to a quiet place to relax is what RVing is all about. Unfortunately, the roads are often crowded, and getting to where you want can be challenging. You want to make sure that your RV is protected as well as yourself. RV insurance coverage depends on the type of RV that you have. Talking to one of the knowledgeable agents at Luft Insurance Agency in Escanaba, MI can help you make the right decision about the types of RV coverage you need. 

RV insurance coverage comes in most of the same types as auto insurance. That means you can carry liability coverage, collision, and comprehensive. Liability insurance protects you personally from the results of an accident. If you are sued because of the accident or required to pay for medical expenses or damage to the other party’s vehicle, you can also get uninsured or underinsured motorists insurance.  

Collision insurance offers coverage for your RV. If it is damaged in an accident where you are at fault, you want to make sure that it will be repaired. Comprehensive coverage will repair or replace your RV if it is vandalized or stolen. It also offers coverage from a variety of non-collision events like a significant hail or wind storm and even flooding. Where RV insurance is different from auto coverage is that you may want to have content coverage and coverage for things that are attached to the exterior of the RV like an awning. 

Protecting your RV with insurance makes good financial sense; an RV is a significant investment worth protecting. Call or visit the office of Luft Insurance Agency in Escanaba, MI to get a no-obligation quote.