If you are a resident in the Escanaba, MI area and need help choosing a Medicare supplement, you can rely on Luft Insurance Agency. We are here for you and all of your insurance needs!

Finding the right Medicare supplement for your future

It can be challenging to know where to begin when choosing a Medicare supplement. This is a critical decision that could strongly impact your life. While you will be able to change your mind during the annual enrollment period and choose a different type of policy, why not take the time to get it right the first time?

When making your decision, you will want to consider the following:

• Copays
• Deductibles
• Coinsurance

Your needs will vary depending on if you have any other private insurance, such as from your employer, that will remain in place during your retirement. Copays can significantly impact your out-of-pocket expenses, as can the level of deductible that you choose.

Part D covers prescriptions, and if you have an ongoing condition that requires regular medication, you will want to consider this coverage carefully. Parts C and F are not available any longer. Because this is such an important decision, it makes sense to sit down with a knowledgeable agent who can help you.

We can help with all of your Medicare supplement needs

Luft Insurance Agency is here to help seniors and their families find the right Medicare supplement for their needs. If you live in the greater Escanaba, MI area, give us a call today and set up an appointment. And you will need to have Parts A and B in place before you can secure a supplement.

Despite renter’s insurance being one of the most affordable types of insurance on the market, most people are entirely uninformed on how it works or why you need it. Keep reading to educate yourself on renter’s insurance to understand better the numerous benefits it offers.

Don’t Count On Your Landlord.

Many renters share the common misconception that their landlord’s insurance policy will cover themselves, their belongings, and third-party liability; however, this is not true. Your landlord’s insurance will protect their personal property, such as furniture left in the unit, and cover damage to the rental’s structure. Still, it will not replace anything brought or used by the tenant. 

Liability, Liability, Liability

Let’s say that your TV stopped working, and you contact a local repair company to schedule a time for a technician to stop by your home and remedy the issue. When the time approaches for that appointment, you start preparing by putting your dog in another room so it won’t jump on the technician. Unfortunately, unbeknownst to you, the technician enters the room where the dog is and proceeds to be bitten. You are now on the hook for their medical payments and could be sued for pain, suffering, negligence, and many other issues. Renters’ insurance can protect you from these and other similar situations because liability coverage covers third-party incidents. 

Coverage For Renters Insurance Is Vast

Renters’ insurance covers the cost of replacing or repairing your belongings from incidents like theft, smoke, fire, lightning, vandalism, hail, and windstorms. Additionally, if you are forced to relocate during repairs, your policy may also pay your living expenses. 

Learn more about renters insurance by contacting the Luft Insurance Agency in Escanaba, MI.

Recreational vehicles (RVs) are a fine way to enjoy a home away from home. Many families who enjoy going on vacation trips and adventures turn to RVs. RVs have the convenience of a home while exploring the beauty of Mother Nature. However, regardless of how frequently you utilize your RV, you need a good plan to protect your investment. That plan is purchasing RV insurance. We all know RVs don’t come cheap. And before you ask why you should bother with RV insurance, here are the reasons why it’s crucial to have one as prepared by Luft Insurance Agency.

Liability protection

As long as you are on the road, mishaps can happen anytime, regardless of how careful you drive. When it’s your fault, you could face property damage, bodily injury or worse still, legal costs. Without a backup plan like RV insurance, your finances can quickly dry up. Fortunately, your RV insurance liability coverage ensures you don’t incur any expenses.

Peace of mind

Even as you do your part of being a responsible driver, you never know who is on that road. It could be drunk, speeding, teenagers or uninsured drivers. Instead of worrying about these types of drivers on the road, RV insurance keeps you relaxed, knowing it got your back in case of an unfortunate incident.

Asset protection

RVs are a huge investment. Some even cost as much as a home. That said, it’s only wise to secure it in case of physical damage, theft or any other incident that could cause a replacement.

Compliance with the law

As long as your RV is on the road, Michigan requires that you show proof of insurance. Otherwise, you may incur hefty fines for non-compliance.

RV insurance in Escanaba, MI

If you own an RV, keep it secured with RV insurance. From the benefits discussed above, getting RV insurance is a no-brainer. If you are in Escanaba, MI, and its environs, please contact Luft Insurance Agency for an affordable quote.

Taking a boat out on the lake or other water source can be a lot of fun. More often than not, you won’t run into any unfortunate mishaps. However, on the rare occasion, something occurs, you want to ensure that you are protected with boat insurance from Luft Insurance Agency. Boat insurance in Escanaba, MI is designed to protect boat owners and their vessels in a variety of situations. Here are some of the most common boat insurance claims made.

Collision

Significant damage can occur if your boat collides with another boat or object. Oftentimes, boats collide with underwater objects like debris or a buoy. However, collision coverage will cover damage associated with collisions with these objects or another watercraft. You can help avoid many accidents with underwater objects by installing a GPS and special sensors.

Injury

Boat-related injuries can occur for a number of reasons, such as inexperienced sailing, strong waves, etc. The individual who is operating the watercraft should be experienced in doing so. In fact, it is recommended to take boat safety courses. If medical expenses are accrued as a result of an injury, a boat insurance policy tends to cover these expenses.

Theft

Boat-related problems do not only occur when you’re on your watercraft, as your boat could be stolen from the marina while docked. The same is true for any objects you have on board your boat. Luckily, boat insurance covers the theft of your boat or onboard items. However, to increase the protection of your watercraft and personal possessions, consider installing a boat security system. You should also never keep valuables on your boat.

If you are in need of boat insurance coverage in Escanaba, MI, contact Luft Insurance Agency for professional assistance.

Michigan is known for its natural beauty and many lakes, so it’s prudent to be aware of how boat insurance works.  Boat Insurance is a smart move, not only to protect your boat but also to protect your legal liability in certain boating situations.  We will cover more about boat insurance and what that entails below.  You can get more information about boat insurance by visiting Luft Insurance Agency in Escanaba, MI.

Boat Insurance

Boat Insurance carries many parallels with automobile insurance as there are similar laws that govern the operation of each vessel.  For instance, you cannot operate a boat in Michigan on a lake or over open waters while being impaired.  The same BAC levels that govern the use of automobiles also apply to boaters while operating in the state of Michigan.  Boat Insurance (much like automobile insurance policies) covers accidents under collision insurance and events that could hold liability for the boat operator.  

Liability Events

These events could be under the guise of taking a couple of friends out on your boat and ending up crashing into a buoy or pier and causing injury to your friends.  If the event can cause a lawsuit due to your negligence, then it’s a good idea to have liability insurance in your boat insurance policy.  

Theft & Damages

Boat Insurance also covers theft of your boat and damages caused to your boat, even if it’s stored up for the winter.  Accidents and incidents happen year-round so it’s a good idea to have boat insurance to cover those what-if events that could happen.

Learn More

More information is available by contacting Luft Insurance Agency in Escanaba, MI today!

The folks at Luft Insurance Agency provide a number of different health care insurance policy options for the Escanaba, MI community. Determining which policy, and at what level, is appropriate for your needs can often feel like a daunting task! Let us help you wade through the different types of policies and help you make the task less stressful!

Health care insurance policy options

The main factors that differentiate one policy from the next include:

• Copay amount – this is the amount that you pay for each doctor’s office visit or hospital stay
• Deductible level – once you reach your annual deductible limit, your coverage benefits will begin
• Lifetime benefit – many policies have a cap on the amount of benefits paid out over the life of the policy or in a specified time period

There are advantages to each type of policy. It simply depends on your current level of health and budgetary considerations. For example, a healthy young person may choose a high-deductible policy because the lower monthly premium payment is more impactful at this phase of their life. Because of all of the variables involved in making your decision, it can be helpful to work with an experienced agent during the process.

We can help you understand your health care options

Contact the Luft Insurance Agency today if you are in the Escanaba, MI area and would like to find out more! Our team is here to help you take the guesswork out of choosing the health care policy that is an appropriate fit for your needs. Our agents are here to help, so call or stop by today.

Do I need contents or structural flood coverage?

Whether you own or rent a home in a high-risk flood area in or near Escanaba, MI, you need flood insurance to protect yourself. The coverage comes from Luft Insurance Agency, but the type of coverage – contents or structural – differs if you own the home or rent it.

For A Homeowner

If you own your home and use it as your primary residence, you need both structural and contents insurance.  Structural insurance protects your building and the property, including fences, docks, etc. Contents insurance covers all of the items inside your home, including your clothes, stereo, TV, furniture, computer, etc.

For a Landlord

If you own your home and use it as a rental property, you need structural insurance. You would only need contents coverage, too, if you furnished the house. Structural insurance means you insure your building.

For a Renter

If you rent a home, apartment, or condo, your insurance policy should cover the contents. The building owner takes care of the structural insurance. You only need to worry about your furnishings and clothing, plus electronics. A contents-only policy covers this.
All of the flood insurance comes from our local office, but it gets backing from the National Flood Insurance Program (NFIP). This means that the US government guarantees coverage, protecting you from loss even in such catastrophic events as the flooding that occurred in New Orleans as a result of Hurricane Katrina. Regardless of the scale of the flood and the damage caused, your insurance will cover it.

Contact Luft Insurance Agency serving Escanaba, MI today to learn more about flood insurance and how it can protect your home investment and belongings. Let us help you keep your home investment safer.

Medicare Supplement plans (known as Medigap) are insurance plans that are sold by private insurance companies and designed to fill the gaps that Original Medicare does not cover. Usually, it pays for such remaining health care costs as deductibles, coinsurance, copayments, and others. 

PDP (prescription drug plans) insurance helps reduce prescription costs in exchange for a monthly payment. Luft Insurance Agency serving clients in Escanaba, MI prepared a list of things you should know about these two types of insurance:

What Should You Know About Medicare Supplement Plans?

• These policies cover only one person. If both you and your spouse want to have a Medicate Supplement Plan, you have to purchase two separate policies. 
• There is a monthly payment that you have to pay to a private insurance company. You have to pay it in addition to the premium you pay to Medicare (part B premium) that you pay every month. 
• You can buy a Medicare Supplement Plan from any registered and certified insurance company in your state. 
• There are certain things that Medigap plans will not cover, including hearing aids, private-duty nursing, eyeglasses, dental or vision care, and long-term care. 
• In order to qualify for Medicare Supplement Plans, you must have Medicare Part A and Part B. 

If you have any questions about Medicare Supplement Plans or you want to purchase one of them, Luft Insurance Agency serving clients in Escanaba, MI, and other surrounding towns is ready to help. Our experienced insurance agents will answer your questions and help you get the insurance plan you need. Feel free to check our website or give us a call. 

Renting an apartment in Escanaba, MI, with a roommate has many advantages, including sharing rental expenses. However, there is one expense you cannot share with your roommate — the renter’s insurance. Unfortunately, if not related, each roommate must purchase their renter’s insurance policy. If unsure if you need separate renters insurance policies, call the experts at Luft Insurance Agency. 

Does My Renters Insurance cover my Roommate? 

Essentially, a roommate is not covered by your renter’s insurance policy because your policy does not include that risk. Renters insurance is based on a long list of factors designed to price the cost for an individual. The only possible exceptions are when the roommate is a sibling, adult child, or significant other. 

Do All Roommates in Our Apartment Need Renters Insurance? 

Each person should have their renter’s insurance policy when living with roommates. Having individual policies is necessary because if only one person had the policy and the other roommate caused a fire, the one with the policy would file a claim. The claim could affect the cost of future policies and may open the policyholder up for being held liable for the fire. 

Can’t We Save Money With Only One Policy?

The biggest argument for roommates to only have one renter’s insurance policy is it helps save money. However, the savings are small, and it is not worth the risk the policyholder carries. Additionally, when filing a claim, the policyholder should not attempt to claim property that is not theirs. For example, suppose there is only one policyholder. In that case, it means, if someone breaks into the apartment and takes all the computers, the policyholder should not claim the loss of their roommate’s computer. Most insurance companies consider this fraud. 

Roommates need to learn the ins and outs of renters insurance to ensure they have the protection they need for their Escanaba, MI residence. Get the security and peace of mind you need when renting by calling Luft Insurance Agency for renters insurance options. 

RVs are one of the best ways to combine travel and accommodations. RV ownership allows you the freedom to explore our great country always knowing you have a comfortable place to rest for the night. Sufficient insurance coverage is vital to your long-term enjoyment of RV life. At Luft Insurance Agency serving Escanaba, MI, we can help you find the insurance products you need for your RV. 

Is Auto Insurance Enough?

There is a huge misconception that auto insurance and RV insurance are the same. They are not. Although in some states you can legally operate an RV with an auto insurance policy, it is important for you to understand that an auto policy is very different from an RV policy. 

If you plan to travel extensively in your RV, or if you plan to live in your RV, an auto policy will not be sufficient protection for you and your family. 

What Does RV Insurance Cover?

RV insurance does carry a lot of the same coverage as an auto policy, but there are also some important differences. In general, an RV policy will provide the following coverage.

• Collision coverage- If the RV is in an accident, this type of coverage can help pay for your RV to be repaired or even replaced. 
• Liability coverage- If someone is injured in your RV or in an accident caused by your RV, you could be held liable for their medical bills and even for legal fees. Liability coverage will help pay for these expenses. 
• Property damage- This type of coverage is not usually found on a regular auto policy. If you are traveling or living in your RV, you will have personal property along with you. If this personal property is damaged or lost due to fire, natural disaster, accident, or burglary, the insurance policy will reimburse you for the value of your items. 

If you would like to learn more about our services, please contact us at Luft Insurance Agency, serving Escanaba, MI.