Schwab Insurance Agency is here to help you understand auto insurance and find the coverage that meets your needs.

Property Damage

Property damage coverage protects you if your car damages someone else's property, such as another car, a fence, or building front. When choosing your property damage liability limits, you should consider all of your assets, including your home and future earnings because if you don't have enough coverage to protect all of your assets, those assets could be at risk if you're liable for damages that exceed your coverage limit. Consider having a higher limit of liability coverage – it may help you avoid having to pay out-of-pocket after an at-fault accident.

Uninsured / Underinsured Motorist Damage Coverage

Uninsured/underinsured motorist damage coverage may compensate you for bodily injury and lost wages caused by an uninsured motorist, a hit-and-run driver, a driver whose automobile insurance company is insolvent, or a driver who has not purchased enough coverage to pay for damages.

Physical Damage Coverage

Physical damage coverage can protect your vehicle if it is damaged in an accident (collision coverage), is damaged by something other than a collision (comprehensive coverage) with a vehicle or object or if your vehicle is stolen. This coverage is optional if your vehicle is paid in full, but it is coverage you should consider if you want to fully protect your vehicle.

Bodily Injury Liability Coverage

Bodily injury liability covers your legal liability for a covered accident that involves injury to another person, up to the limit of liability you select. Purchase enough coverage to protect your assets should a claim be brought against you or if you are sued. You should also consider purchasing an excess liability policy which may provide additional limits of liability.

Medical Payments Coverage

Medical payments coverage can help cover all reasonable medical expenses and funeral expenses of covered drivers and passengers after an accident, regardless of fault. In most states, it's an optional addition to your car insurance policy.

Transportation Expenses / Rental Coverage

Transportation expenses/rental coverage is an inexpensive option you can add to your auto insurance policy to pay for the cost to rent a temporary replacement vehicle or the cost of public or private transportation if your vehicle is ever in an accident. This coverage is available in a variety of daily limits.

Coverage Options for Your Vehicle

 Collision Coverage:

Pays for repairs to your vehicle if it collides with another car, object, or flips over.
Deductible options from $50 up to $1,000
An optional coverage with three types to choose from, but most likely is required if you lease or finance your car.

Limited
      The cheapest and lowest level of collision insurance available, and it only covers damage to your vehicle if you are 50% or less at fault for an accident.
Standard
     The middle ground for cost and coverage, as damage to your vehicle will be paid regardless of fault, minus the deductible that you choose.
Broad Form
     Costs the most but provides the most coverage, as damage to your vehicle will be paid regardless of fault, and if you are less than 50% at fault in an accident, your deductible is waived.

 Comprehensive Coverage:

Pays for repairs to your vehicle for damages caused by events other than collision, such as:
Theft, vandalism, fire, hail damage, glass repair or replacement, & any collisions involving an animal.
An optional coverage with deductible options from $0 up to $1,000

 Towing Coverage

 Rental Reimbursement

An optional coverage that may cover or offset the cost of a rental or "loaner" vehicle, if your insured vehicle is in for repairs from a covered accident and cannot be driven.

 OEM Endorsement

An optional coverage that makes sure that your vehicle, if damaged in an accident, is repaired using the same genuine parts from the same manufacturer that it was built with.

Medical & Legal Coverage Options for You

 Personal Injury Protection (PIP):

Covers medical expenses for you and your passengers in the event of an accident, regardless of fault.
Michigan is a no-fault state, so PIP is crucial for medical bills.
Michigan offers different PIP coverage options, allowing you to choose the level of coverage that fits your needs and budget.

Unlimited Coverage

Up to $500,000 in Coverage

Up to $250,000 in Coverage with PIP Medical Exclusion(s)
     An exclusion is available for a named insured with non-Medicare health coverage that includes and covers auto accident
     injuries and/or for household members if they have health insurance that will also cover auto accident injuries.

Up to $50,000 in Coverage
     An option if the named insured is enrolled in Medicaid and their household members have another auto insurance policy,
     Medicaid or other health insurance that will include and cover auto accident injuries.

PIP Medical Opt-out
     An option if the named insured has Medicare (Parts A and B). Any of their household members must have another auto
     insurance policy or other health insurance that will also cover auto accident injuries.

 Bodily Injury Coverage (BI):

Provides coverage if you are sued for causing a car accident, and another person is injured or killed.
Pays maximum up to the policy limit that you choose, for pain and suffering, excess medical costs,
lost wages and any other economic damages that a court deems you liable for.

State Default Limits $250,000/500,000
     Up to $250,000 for a person who is hurt or killed in an accident.
     Up to $500,000 for each accident if several people are hurt or killed.

State Minimum Limits $50,000/100,000

Limits up to $1,000,000/1,000,000