What You Need To Know About Medicare Supplements

Although Medicare is an essential part of the social services offered in the US, most people find that Medicare alone is insufficient to care for all of their healthcare needs as they age. Medicare supplement policies are a great way to ensure you are fully covered for your medical needs. The folks at Luft Insurance Agency, serving Escanaba, MI, and the surrounding areas, are here to help you learn more. 

What Are Medicare Supplements?

Medicare supplements are a type of insurance policy you can purchase to cover medical expenses not usually paid for by traditional Medicare. There are several different types of medical expenses that Medicare does not pay for. If you depend on Medicare to pay for all your medical expenses as you age, you might discover that you are coming up short. 

A Medicare supplement will fill in gaps so you are always adequately covered. 

What Types of Services Will Supplemental Insurance Pay For?

In general, supplemental or Medigap insurance will help pay for many out-of-pocket expenses once Medicare has paid its part. It would be best if you kept in mind that most Medigap policies will help pay for the costs that are left unpaid. The policies often do not pay for non-covered services. 

What About Services That Medicare doesn’t cover?

If you are concerned about services not covered by Medicare, then you should talk with an insurance representative. These professionals can advise you on how to get the coverage you need. 

If you want to learn more about Medicare supplements, please get in touch with us at Luft Insurance Agency, which serves Escanaba, MI, and the surrounding areas. We will be happy to answer your questions. 

Will renters insurance cover damage caused by natural disasters?

If you live in a rental property, it’s vital that you get renters insurance to protect your personal property and help you find alternative accommodation in case something happens. Although natural disasters don’t happen as often in Michigan as in some other states, they still happen and could damage your property. Remember that the frequency and severity of natural disasters have risen over the last few decades due to climate change. This might leave you wondering if your renter’s insurance covers damage to your personal property from natural disasters. 

At Luft Insurance Agency serving Escanaba, MI, we recommend that you always find out whatever a policy covers and doesn’t cover before you purchase it. Most renters insurance policies cover conventional natural disasters such as fires from lightning and wildfires, tornadoes, and rain damage but not from flooding, snow damage, windstorms, smoke damage, and hurricanes. If your property sustains damage from any of these perils, your renter’s policy will kick in and provide you with financial compensation. 

However, not every renter’s policy has loss-of-use coverage, which provides alternative accommodation in case you can no longer live in your home due to a covered peril. Therefore, it’s vital to check that your policy has this coverage if you will need alternative accommodation in the event of a peril that renders your home unlivable. Remember that if you can no longer live in your rented house, it can be pretty expensive to pay out of pocket to live in a decent hotel or motel for an extended period, especially if you have a family. You should know that not all natural disasters are covered by renters’ policies. Damage by earth movement (sinkholes and earthquakes) and floods aren’t covered.

Do you need renters insurance in Escanaba, MI? At Luft Insurance Agency, we have unrivaled renters insurance offerings. Contact us today to learn about the perks of renters insurance.

Tips for taking your RV to a national park

Traveling to a national park with your RV is an exciting way to explore the great outdoors. To ensure you have a safe and enjoyable journey from the Escanaba, MI area, here are some tips from us at Luft Insurance Agency to keep in mind: 

  1. Ensure your RV is in good working condition before heading out on the road. Check all fluid levels, tire pressure, and brakes, as well as make sure all electrical systems and appliances are running correctly. A thorough inspection of your vehicle can help prevent any surprises while you’re on the open road. 
  2. Pack smartly for your trip. Consider what items you will need for the duration of your stay, such as food, water, and camping supplies. Be sure to also bring along safety equipment like flashlights and flares for unexpected nighttime trips or inclement weather conditions. 
  3. Research local regulations regarding RV camping at the park of your choice ahead of time. Some parks may require proof of insurance or have specific rules about where RVs can be parked or how many consecutive days they can remain in one spot. 
  4. Have a plan for waste disposal when your RV is full or almost full of human waste and gray water (dishwashing liquid). Many campgrounds offer dump stations that provide sewage services for RVs, so be sure to check if there is one nearby before you set up camp at a new location. 
  5. Respect the wildlife that inhabits the park you are visiting by keeping noise levels low and minimizing consumption of resources like firewood during your stay.

For more tips, give us at Luft Insurance Agency a call today. We proudly serve the Escanaba, MI area.

Navigating the waters of boat insurance: a beginner’s guide

At Luft Insurance Agency in Escanaba, MI, we understand that buying boat insurance can be a confusing and overwhelming process, especially for first-time boat owners. That’s why we want to provide a beginner’s guide to boat insurance to help make the process as straightforward as possible.

First and foremost, it’s essential to understand that boat insurance is not mandatory by law, but it is highly recommended. A boat is a significant investment, and without insurance, you could be held financially responsible for any damages or injuries resulting from an accident involving your boat.

When looking for boat insurance, there are several types of coverage available. Liability coverage is the most basic type of coverage. It protects you from financial loss if you’re found liable for damages or injuries to another person or their property. On the other hand, physical damage coverage protects your boat from damage. This coverage typically includes collision and comprehensive coverage. Comprehensive coverage protects your boat from non-collision damages such as theft, fire, and natural disasters.

Additionally, you may want to consider coverage for personal property on board your boat, such as fishing equipment and electronics. Some insurance companies also offer coverage for specialized needs such as towing and assistance in case of breakdown or other on-water issues.

When selecting an insurance company, working with a reputable provider with experience insuring boats is important. At Luft Insurance Agency, our experienced team of insurance professionals will work with you to understand your specific needs and help you choose a policy that is right for you.

In short, boat insurance is an essential consideration for any boat owner. It can protect against financial loss and give you peace of mind while on the water.

Why Boat Insurance Is so Important

If you are the owner of a boat, you have a lot of responsibilities to keep your boat safe and protected. This includes boat maintenance, but it also includes getting boat insurance. To keep your boat safe and protect your finances, you need to have a boat insurance policy. Every state decides whether boat insurance will be required by boats in the state, and Michigan does not require boaters to have it. However, most marinas require you to have it and show proof that you do. When you want to keep your boat safer, call us at Luft Insurance Agency in Escanaba, MI to get started with a policy. 

Boat Accidents

Just as on the road, collisions on the water do happen. This can leave a boat in bad condition and leave you vulnerable to paying for both property damage and the medical bills that come with any injuries on the water. If your boat isn’t covered by boat insurance, you would be responsible for paying all those bills out of your pocket. But when you have boat insurance, the policy would pay for those costs after a boating accident. You will have more peace of mind whenever you hit the water and enjoy your boat. 

Coverage Types

Boat insurance is much like auto insurance. There are several types of coverage that you can choose from. It’s important to have liability coverage for your boat in case you are judged to be responsible for a boating accident. This can include medical bills and damages to the other person’s boat. You can also get coverage for your own boat for accidents and other damaging incidents that can damage it. 

Cover Your Boat

Call us at Luft Insurance Agency in Escanaba, MI to get started.

Why should people get a health insurance plan in Michigan?

Those in the Escanaba, MI area will always have various personal insurance needs. One type of insurance all people should consider getting is health insurance. This coverage is necessary to ensure access to affordable care and provides various benefits. There are multiple reasons people here should obtain this type of insurance. 

Ensure Access to Affordable Care

An important reason for anyone to get a health insurance plan in this state is to ensure they have access to affordable care. If you are ever injured in an accident, need medical attention, or have to be prescribed medication, you can find that the base cost is extremely expensive. However, if you invest in a health insurance plan, it should help to subsidize this cost. Ultimately, this can ensure you can save money while getting proper medical attention. 

Ensure Compliance with Law

It would be best if you also considered getting health insurance, as it ensures you comply with the law. All people across the country today need to have health insurance. If you are not covered, you will face a financial penalty at the end of the year. Proper insurance will allow you to avoid this expense. 

If you are seeking a health insurance policy in the Escanaba, MI area, it would be wise to call the team with Luft Insurance Agency to discuss your needs. Health insurance comes with many complexities and choices that need to be made. To ensure that you make the right decision, starting your search with the Luft Insurance Agency is a good option. These professionals understand the value of this coverage and can ensure you select the right policy that meets your needs. 

Understanding the need for flood insurance in parts of the Escanaba area

The Luft Insurance Agency is here to provide Escanaba, MI area homeowners with the insurance they need. You may be surprised to learn how many areas in our region can benefit from flood insurance. If you want to learn more, give us a call or stop by the office today. 

Many homeowners in the Escanaba area can benefit from having flood insurance.

It can sometimes be tricky to determine if flood insurance is something you need to protect your home. Of course, the decision is quite simple if you live in a flood zone or if your lender makes it a requirement. But what about all the many areas in our region where flooding also happens?

Unfortunately, homeowners’ policies don’t typically cover damage from floods and flood water. This means that if you are in a low-lying area that floods during big storms or is in a low-lying area, you may want to consider obtaining a flood insurance policy to protect your home.

Having the right insurance to protect your home can make overcoming a catastrophe much easier. If you have questions about flood insurance, and if it’s something you need, now is the time to find the answers. No one wants to find out after the fact that they don’t have the insurance they need. Flood insurance is an additional way to protect your home from loss and damage effectively.

Find out more today!

Luft Insurance Agency is here to help residents in Escanaba, MI and the surrounding areas with their insurance needs. If you are wondering if flood insurance is right for you, give us a call or come by the office today. We look forward to seeing you soon!

Three considerations to take into account when you choose Medicare supplements and PDP insurance

Investing in the Medicare supplements and PDP coverage you need is essential for protecting your finances in retirement. At Luft Insurance Agency, we can help you find the Medicare supplements and prescription drug coverage you need in Escanaba, MI. 

The following are three considerations to consider when choosing Medicare supplements and PDP insurance.

The medications that you need to take to stay healthy

You might already be on certain medications that you need to take regularly to stay healthy. For example, if you are a person with diabetes or a patient with heart disease, you need to have prescription drug coverage for certain medications.

Make sure that your Medicare or PDP plan includes coverage for the medications you need. 

The costs of available supplements and prescription drug plans

Of course, you may be working within certain monthly budget limitations that you should consider. If you’re going on Medicare because you’re retiring, you must crunch the numbers and work out your budget.

Make sure you choose a health insurance and prescription drug coverage plan that will be affordable to you. While it’s essential that you enjoy coverage for the medications you need, it’s also important to stay within your monthly budget and choose a health care solution that you can afford in the future. 

The health conditions that you’re currently dealing with

Think ahead to the future. If you are susceptible to conditions that require certain prescription medications, you must choose a Medicare plan that offers coverage for such treatments. 

You can contact us today if you have questions about covering the costs of prescription drugs you need.

Luft Insurance Agency can help consumers in Escanaba, MI to navigate the complexities of Medicare and prescription drug coverage. 

What To Look For in a Renters Insurance Policy

Are you a renter in Escanaba, MI? If so, you need renters insurance. Even if you don’t think your belongings are worth very much, the truth is that a fire, burglary, or other disasters could leave you with nothing. That’s where Luft Insurance Agency comes in. We can help you find the right renter’s insurance policy to protect your possessions and your peace of mind. But what should you look for in a renters insurance policy?

Coverage for Your Belongings

Many people mistakenly believe their landlord’s insurance will cover their belongings, but this is not the case. Your landlord’s insurance only covers the building itself, not the contents. Therefore, it is essential to have your own renter’s insurance policy to protect yourself and your belongings. When shopping for renters insurance, consider coverage for your personal belongings. Otherwise, you could be left with a hefty bill if something happens to them.

Coverage for Liability

Liability coverage will protect you if someone is injured while on your property. For example, if a visitor trips and falls or your dog bites someone, you could be held liable. With liability coverage in place, you can rest assured knowing that you are protected financially if something like this happens.

Coverage for Additional Living Expenses

Suppose your home is uninhabitable due to a covered event, such as a fire or severe weather. In that case, additional living expenses coverage will help pay for temporary housing and other necessary costs. This can be an extremely valuable benefit, especially if you are forced to live in a hotel or rental property while your home is being repaired.

With these three critical components in place, you can rest assured knowing that you and your possessions are protected. Contact Luft Insurance Agency in Escanaba, MI today to learn more about our renter’s insurance policies.

Do I Need RV Insurance?

If you’ve recently purchased, or are considering purchasing a recreational vehicle, you may wonder if you also need RV insurance. At Luft Insurance Agency, serving the Escanaba, MI area, we’re proud to help you find the right insurance policy for you and your needs. Everyone deserves the financial safety net that good insurance provides, whether for your home, car, motorcycle, or even RV. We’ll help you work out the minimum required insurance and also help you decide what upgrades are right for you.

Much like standard auto insurance, insurance coverage for a recreational vehicle is also required by law. Every state requires you to have a minimum of liability coverage if the vehicle is to be driven on the road. It is worth knowing, however, that this applies to self-propelled vehicles. In the case of a towable RV such as a camper, travel trailer, or fifth wheel, the liability coverage extends from the vehicle used to tow the RV. This basic coverage helps keep you financially safe in an accident and is the minimum you should travel with.

Contact us at Luft Insurance Agency today, and we’ll help you get set up with a good RV insurance policy that suits your needs. We’re proud to serve the Escanaba, MI area and will help you track down the perfect policy for you. You deserve peace of mind when traveling in your RV, and a solid insurance policy is a significant first step toward protecting your physical vehicle and your future financial health in the event of an accident.