Name: Phil Klein Insurance Group
Address: 7125 Orchard Lake Road, Suite 302, West Bloomfield, MI, 48322
Telephone: 248-682-7445

Does Auto Insurance Cover Damage to Your Car that Is Not Associated with an Accident?

Posted on September 30, 2019October 1, 2019 by agentinsure

Your auto policy covers a great deal in terms of damages to your car, including those damages that are not associated with an accident. There are some damages, such as damage from storms that is covered on your policy that does not relate to the car being in an accident. For those in the West Bloomfield, MI area, the agents with Phil Klein Insurance Group can help you go get your perfect policy.

Your auto policy is not limited to covering only collision in most cases unless you have collision only coverage. A typical auto policy might cover damage from storms, vandalism, break-ins and more when it comes to repairs. Your car is a very important part of your life and making sure it is fully covered is a must. Another thing to consider is that most cars are also going to have coverage for contents and that you can tailor your coverage to fit the car you have and what you would like your insurance policy to do.

With your auto coverage, your car is going to be covered for those events that are not accident related if you choose the right policy. a Full coverage policy for instance also includes replacing windshields in some states, it may cover damage from things falling on your car, it may cover hair damage, water damage in some cases, and more. It is always helpful to speak with an agent if you are unsure about what your policy covers and about what type of coverage you might benefit from most in your particular case.

For those in the West Bloomfield, MI area, the agents with Phil Klein Insurance Group can help you to find the perfect policy for you and for your car.

Don’t Make These Mistakes

Posted on September 26, 2019September 26, 2019 by Owen Rosen

You bought a term life insurance policy, checked it off your to-do list and tucked it into a drawer. You’re good now, right?

Not so fast. Click here for the most common mistakes.

Michigan Auto Insurance Reform (PIP) Part 1

Posted on August 28, 2019 by Owen Rosen

You’ve probably heard that the Michigan legislature recently passed significant changes to our no-fault auto insurance laws. You may have questions as to what the changes mean for you and your family’s insurance plan. We have answers and will continue to publish updates over time.

Most of the changes do not take effect until July of 2020 but the first change is effective now. The reforms revolve around the Personal Injury Protection (PIP) portion of the no-fault policy. In Michigan, PIP basically means medical payments required as a result of car accidents. The coverage is expansive though and can cover things such as renovations to a primary residence to make them accessible to the disabled, physical therapy, transportation to medical appointments, etc.

The first amendment clarifies the definition of the insured for PIP coverage to:
•the named insured(s)
•the named insured(s) spouse
•resident relatives (must be both a blood/legal relative and a permanent resident at the primary address)

Common situations that this will directly impact would be a boyfriend/girlfriend, fiance, children that no longer reside in the household of the insured parents, etc. Those individuals, if uninsured, would be limited to $250,000 medical coverage through an entity called the Michigan Assigned Claims Plan. Regular coverage has no dollar limit.

If you think you might be affected by these changes (whether you are insured by PKIG or not) please give us a call and we’ll walk you through what you need to know. If you have any other questions, please call for clarification. Stay tuned to this space and our social media for further updates and crucial information.

(248) 682-7445

info@philkleininsurance.com

Can More Than One Person Be Named As A Beneficiary On A Life Insurance Policy?

Posted on August 12, 2019July 25, 2019 by agentinsure

One of the best ways to protect your loved ones is to purchase a life insurance policy. Life insurance can give them the funds they need to pay bills and provide for their needs in the event of your passing. However, you may have questions about the policy and how many beneficiaries can be named if there are multiple individuals you would like to provide for in the future.

Can You Name Multiple Beneficiaries?

If you want to name more than one beneficiary on a life insurance policy, you will be pleased to know that it is indeed possible. There can actually be several and in some cases, a policy can be structured to give specific named beneficiaries a pre-determined amount. You can create a net of financial security that can protect all the individuals you wish to include. Keep in mind, however, that there are usually a set number of beneficiaries that you can name, so be sure to consult with your insurance agent prior to your policy purchase.

Getting The Policy You Need

In order to make sure that you get the type of policy you need to provide coverage for all those you care about, you should enlist the help of a licensed life insurance agent who can guide you through the process. They can also advise you about the number of individuals who can be named on your policy and the guidelines regarding splitting the claim money. If you are a resident in or around the West Bloomfield MI area, you should consult with the professionals at Phil Klein Insurance Group to get started with your life insurance purchase.

Protect those you love with a high-quality life insurance policy from Phil Klein Insurance Group. They are proud to serve those who live in the West Bloomfield, MI area. Call or stop by today to get more information or to schedule and appointment for a consultation.

3 Reasons To Update Your Commercial Insurance.

Posted on July 25, 2019July 25, 2019 by agentinsure

Phil Klein Insurance Group serves people in and around West Bloomfield, MI with the best in insurance services. We want our local businesses to be protected no matter what may come. One way to protect your business is by having the best commercial policy possible. Here are three tips for making sure you have the best policy for your situation.

Three Reasons to Update Your Commercial Insurance Policy Today:

A commercial policy is not like an auto insurance policy, it is very personalized to your business. if your business has gone through any changes over the past year it is important to update your policy by reporting these changes and protecting your assets.
You may have a new risk and need umbrella coverage. It is easy to just assume that you are covered enough, but if your business has just reached the public eye in a big way you have a risk of litigation that was not so high before. If your business has grown to new areas you are susceptible risks unique to that area, there are many reasons to discuss further coverage occasionally.
If you have changes in your personal life, it may affect your commercial policy. You want to update all policies when any big changes occur. Whether you are married and want to add your spouse to business documents, you adopted another dependent, or even move homes, report changes to your agent to see if it affects your policy.

Contact us a Phil Klein Insurance Group for all of your insurance needs in Bloomfield, MI. Do not let the asset that supports your lifestyle be at risk for a single moment this year.

3 Best Ways to Compare Home Insurance Policies

Posted on June 18, 2019June 18, 2019 by agentinsure

A typical homeowners insurance will cover damage to your property or it can also cover damages that occur on your property. Sorting through all the differences in what is covered can feel overwhelming and complicated. There are some ways to narrow down choices when you are shopping for insurance. Comparing things like costs, premiums, and what is covered is a good way to compare policies.

If you are looking for insurance for your home, Phil Klein Insurance Group in West Bloomfield, MI can help.

Premium vs deductible

Deductibles are simply the amount of money that is deducted from your insured losses. The premium is paid each month or year to maintain coverage. These are usually balanced in a way that if one is higher in cost, the other is lower. It is important to discuss how these two factors are calculated and affected by large natural disaster events.
Coverage

Based on where you live and specific policies available in your area, there are many options for types of coverage. Standard homeowners insurance may not cover certain events and separate policies may be required to make sure you are covered. Natural disasters, vandalism, and home plumbing emergencies are just a few typical occurrences that may or may not be covered.

Liability limit

Liability is part of homeowners insurance that covers damages or injuries to others on your property. This can vary between policies based on the exclusion of certain scenarios and events. This is one of the fine print details that can be good to look at when comparing policies.

It can feel a bit challenging when comparing home insurance policies. There is a lot of fine print, but researching what policies are available in your area can help you make good decisions. Phil Klein Insurance Group in West Bloomfield, MI can help with your home insurance needs. Agents will be happy to discuss the details of what is most important to you as far as coverage and cost.

What is Recreational Insurance?

Posted on May 16, 2019May 16, 2019 by agentinsure

If you love the outdoors of West Bloomfield MI, chances are you have one or more recreational toys that needs to be insured – or you’re thinking about getting some. At Phil Klein Insurance Group we help customers find the right policy at the right price, tailored to your specific recreational needs. So what exactly is recreational insurance and what does it cover? Read on to find out.

Recreational Vehicles

From motor homes to travel trailers and everything in between (teardrop trailers, pop up trailers, etc…) protect your vacation asset with the right insurance policy. Recreational insurance also covers all-terrain vehicles and snowmobiles. With the right policy, your toy will be covered from theft and damage. Also, if you cause an accident with your recreational vehicle, your insurance will kick to protect your liability.

Watercraft

Do you love going fishing or out on the lake for the day with family and friends? Having a boat is often a dream come true for many people. Protect this asset with recreational insurance that fits your watercraft, whether that be a fishing boat, sailboat, speed boat, seedoos, and more. An insurance policy will protect your watercraft from theft, fire, damage, and liability. In the long run, it gives you peace of mind and helps you save money if anything were to happen.

Antique Cars

Are antique cars your passion? If so, they need their own insurance policy. Oftentimes, these classic cars qualify for amazing rates so there’s no reason not to insure it, and if you plan to drive it on the road, insurance is required by law.

To learn more about purchasing recreational insurance in West Bloomfield, MI, contact the Phil Klein Insurance Group who serves this area. Our trained, knowledgeable, and friendly staff will answer all of your questions and concerns and help you compare quotes to find the right policy for your recreational vehicle, boat, or classic car. You can contact us today at 248-682-7445.

Types of life insurance

Posted on April 15, 2019April 4, 2019 by agentinsure

Having life insurance is very important as it will provide your dependents with financial protection. For those that are in the West Bloomfield, MI and shopping for life insurance, there are many different decisions to make. One of the first decisions to make is to decide on the right type of life insurance. There are two different major life insurance options that should be considered.

Whole Life Insurance

One common type of life insurance is whole life insurance, which is a form of insurance that will provide you with coverage for your entire life as long as premiums are made as scheduled. With this type of insurance, your payments will be higher, but the premiums will also accumulate into an account that will accrue interest. Not only will this provide you with a modest amount of life insurance, but it could also be a conservative investment option.

Term Life Insurance

For those that want the most amount of coverage, getting term life insurance is a good idea. This form of life insurance will provide you with more insurance coverage but only for a certain period of time, which typically ranges from 10 to 30 years. While your payments will not accrue as they do with whole life insurance, your payments will be much less to receive the same level of life insurance coverage.

When you are looking for life insurance, it is important that you have someone by your side helping you to choose the right policy. The Phil Klein Insurance Group can help you get into the right policy for your situation. The Phil Klein Insurance Group will help a West Bloomfield, MI to better understand all of their options so they are able to make the right life insurance decision.

How to Protect Your Family and Property on the Water

Posted on March 11, 2019February 28, 2019 by agentinsure

Boating safety is sometimes buried under excitement when people first buy their first watercraft. It’s much easier to picture summer outings and late-night rides than it is to picture conducting emergency drills over and over again until you’re sure everyone knows what to do. But boating accidents and emergencies may not be as uncommon as you think. Phil Klein Insurance Group wants the people of West Bloomfield, MI to be prepared for anything no.

Seasonal Maintenance

Ensuring your boat is water-worthy will always be your first priority. From cosmetic concerns to inner mechanics, maintenance can help your boat stay safe on the water. Make sure to wash your boat regularly, change its oil, and check the propeller. If you come across anything questionable, hiring an outside inspector is the best way to catch any potential safety hazards before you take it on the water.

Drills, Drills, and More Drills

When emergencies arise, it’s easy for panic to set in. To ensure this doesn’t happen to you or your family, having regular safety drills can make it easier to navigate an already treacherous landscape. These drills should be put into motion so that emergency responses become second nature. This way, no one even has a chance to contemplate their fear (because they’re already too busy springing into action).

Get the Right Insurance

Boats are a substantial investment for most people and there’s a lot that can happen when you’re at the mercy of the water. If you want to learn more about how to get the best policy for you, give Phil Klein Insurance Group a call today. We’re here to help the people of West Bloomfield, MI get the coverage they need to safeguard themselves, their property, and their family.

Should you convert your term life policy?

Posted on February 22, 2019February 7, 2019 by Owen Rosen

Should you convert your term policy?

Term life insurance makes sense for many of us. Specifically, this coverage option provides low-cost protection to the loved ones who would be affected by the loss of your income and other household contributions.

But what happens if you’re approaching the end of the pre-decided term with less financial security than you thought you’d have by now?

Find out more about a step you can take to help keep your family safe:

When does converting your policy make sense?

Medical bills, a job loss and other circumstances sometimes limit wealth accumulation. Thankfully, an easy solution — converting your term policy to whole life — might be within reach if your timing is right.

How does a conversion work?

Most term policies provide a window to convert before your term expires or before you reach a certain age. You typically won’t have to qualify medically, which may get you a lower rate on whole life.

What are some of the long-term benefits of converting your term policy?

A whole life policy lasts for your entire life (as long as you pay the premiums), allowing you to leave money to heirs or charity. Whole life can also support a lifelong dependent, such as a sick or disabled child or spouse. It can also be a tool for mitigating estate taxes.

You may also borrow against the accumulated cash value of a whole life policy for any reason. Just note that policy loans accrue interest, and loans outstanding at death reduce the policy’s death benefit.

What else should you know?

Whole life tends to be more expensive than term because of the additional policy benefits and guaranteed payout. Partial conversion can be a more affordable option.

Have questions? Please reach out to discuss your options if you’re concerned your term policy may be too short.