Do I need home insurance when I don’t have a mortgage

When you signed on to your mortgage many years ago, the end seemed like it would last forever. Now that you have made your last payment, you are free from the burden of paying it every month. You needed to maintain home insurance when you didn’t own your home outright, but now you don’t have a mortgage, you no longer are required to insure it. It is tempting to save the money you would pay for home insurance. At Bachmann Insurance Agency in Flushing, MI, we are independent agents who work tirelessly to help our clients find the right insurance for their needs and wallet. 

Home insurance offers many benefits to homeowners. Even if it isn’t legally necessary to have it, practically, it is an excellent idea. Your home is one of your largest assets. It is where your family memories reside and you as well. Beyond a sentimental attachment, financially losing your home and everything in it would be a devastating loss. If you could easily repair any damage your home might sustain and replace the contents, then you don’t need home insurance. If it would be a hardship to spend hundreds of thousands of dollars, maybe it is a good idea to maintain home insurance. 

Beyond just the replacement value of your home and contents, home insurance provides liability coverage. This protects you if someone in your household causes bodily damage or damage to the property of another. Your insurance will cover a costly lawsuit and the legal costs associated with it. Home insurance also provides loss of use protection and makes sure you have someplace to stay while your home is damaged and uninhabitable. Home insurance may not be required, but it is too valuable not to have. 

Contact Bachmann Insurance Agency in Flushing, MI and let us help you with all your insurance needs. 

 

3 Tips for Buying Health Insurance in Michigan

Living life without health insurance is dangerous. If an illness or injury were to happen suddenly, you’d need medical care, and that could bankrupt you if you don’t have health insurance. For this reason, the team at Bachmann Insurance Agency has put together a list of three tips that will help you buy a new health insurance policy or upgrade to a new one. Read on to learn more:

1. Work with a Reputable Agent Serving Flushing, MI

The first thing you should do is call Bachmann Insurance Agency to speak with a reputable agent who will walk you through the health insurance buying steps. These individuals are standing by to take your call today and make sure you get the policy you want at a price you can afford.

2. Compare Many Quotes

Your agent will ask you a few questions – your age, current health status, budget, number of dependents – to garner what type of policies you should review. Together, you will go over a few policies to compare coverage and cost. This is the time to ask questions, clarify anything you don’t understand, and make an informed decision. However, there is no hurry, and you can take as much time as you need to make a choice. 

3. Bundle Your New Policy

Once you’ve chosen a health insurance policy that works for you, consider bundling it with your other policies to save on your premiums. You can bundle your home, life, auto, or any other insurance policies you may have.

To learn more about health insurance, contact us today to get started toward a life of peace of mind and great health for your lifestyle in Flushing, MI. We can be reached at 810-230-1375. 

How can having auto insurance protect me?

Those who live in the Flushing, MI area will find that it is a lot easier to get around town and complete their daily tasks if they can buy a car. When you purchase a car here, it is also vital that you get a proper insurance policy. There are several ways that a quality auto insurance policy can protect you and your vehicle at all times. 

Protects Your Asset

One of the most important ways an auto insurance policy can protect you is by providing you with coverage for your asset. If you have invested a lot in your car, you will want to ensure that investment is protected. When you can get an auto insurance policy with comprehensive and collision coverage, you will receive proper coverage to protect against the risks of theft or damage.

Gives Protection for Liability

Another advantage of an auto insurance policy is that it will protect you against liability risk. If you choose to drive a car on a public road, there is going to be a chance that you could make a mistake that leads to an accident. If you are deemed responsible, you will want to have an auto insurance policy to give the protection you need. 

If you are a car owner in the Flushing, MI area, you will need to make sure that you have proper auto insurance coverage at all times. When you are looking for insurance protection here, you should call the team at Bachmann Insurance Agency. Picking an auto insurance policy is never easy, as there are many factors and options to consider. When you are shopping for a policy, Bachmann Insurance Agency will assess your personal situation to ensure you receive the coverage that you need. 

What Small Business Owners Need to Know About Commercial Insurance

Owning your own business can be an exciting and rewarding journey. That reward comes at the cost of your investment of time and money. To make sure that this investment of time and money is sufficiently protected, there are steps that business owners must take to protect themselves. At Bachmann Insurance Agency, serving Flushing, MI, we take great pride in educating our clients on how they can best protect their investments. Keep reading to find out what small business owners need to know about commercial insurance. 

Why Do I Need Commercial Insurance?

Commercial insurance refers to a variety of insurance policies that work to protect a small business owner. There are unforeseen problems that can have a dramatic effect on your business and your income. As the business owner, you are more liable for certain damages. Commercial insurance can kick in to help protect you from these damages.

What Does Commercial Insurance Cover?

Each business will be different and, therefore, will require different types of coverage. In general, commercial insurance will cover the following areas:

  • Business property – If your business operates at a physical location, you will want this property protected in the event of damage, burglary, or in the case an injury takes place. 
  • Vehicles – If your business operates vehicles to conduct business, these vehicles will need to be insured and the drivers who drive them. 
  • Liability – A business owner puts themselves at a unique risk when they operate a business. If an individual gets injured on your property or as a result of your services, you could be held liable for their expenses. Liability insurance will kick in to cover these expenses. 

If you would like to learn more about commercial insurance, please contact our friendly staff at Bachmann Insurance Agency, serving Flushing, MI. 

 

Homeowner’s Insurance for First Time Homebuyers

Buying your first home is an exciting journey. There will be many things to think about and plan as you make this big purchase. One of the most important considerations you will need to make during this time is purchasing homeowner’s insurance. Homeowner’s insurance is a crucial investment you will make into the security of your future. At Bachmann Insurance Agency, serving Flushing, MI,  we love to take the opportunity to educate our clients on these crucial topics. Keep reading to find out what you need to know about homeowner’s insurance. 

Why is the Homeowner’s Insurance Important 

Your home will likely be one of the most significant financial investments you will make. Protecting that investment is very important to your financial security. In most states, maintaining homeowner’s insurance is required by law. This is to make sure homeowners are not left vulnerable in the face of natural disasters, burglary, and other damage. 

What Does Homeowner’s Insurance Cover?

In most cases, a homeowner’s insurance policy will cover damage to your home or property caused by fire, natural disasters, and burglary. It is vital to note that most homeowner’s insurance policies do not cover flood damage. Flood insurance is often a separate insurance policy. You will want to talk to your insurance representative to discuss flood insurance if this is a concern for you. 

In addition to these coverages, homeowner’s insurance will also cover liability if someone is injured at your home or on your property. If someone is injured at your home or on your property, you could be held liable for their expenses. This can be damaging financially. Liability insurance will protect you from this damage. 

If you would like to learn more about homeowner’s insurance, please contact our friendly staff today at Bachmann Insurance Agency, serving Flushing, MI.