To start with, there are several insurance companies in the United States of America named after or at least known as Citizen Insurance. The state governments of Florida and Louisiana have their homeowner insurance companies called the Citizens Property Insurance Corporations. They are not-for-profit organizations that sell and underwrite homeowner insurance policies to the states’ residents. Another notable company is the Citizens Insurance Company of America based in Howell, Michigan. It is also commonly referred to as Citizens Insurance Michigan. Unlike the Citizens Insurance in Florida and Louisiana, this is a private company under the roof of The Hanover Insurance Group. It underwrites a broad range of insurance policies including home, auto, business, identity protection, and business insurance as well. The following information gives a brief overview of Citizens Insurance Company of America, and this is necessary just to avoid confusion.
Citizens Insurance Michigan was the first to offer auto insurance in Michigan in 1915. It has now developed into one of the biggest insurers in the state, underwriting property and casualty policies for personal and business insurance. Its parent company, The Hanover Group, has been in business since about 160 years ago, and it has more than a dozen of subsidiaries based in many different states. In the Midwest area, the company is a leading provider of both residential and commercial properties insurance.
Based on an independent review reported last May by A.M. Best Company, The Hanover Group and all its subsidiaries including Citizens Insurance Michigan, are rated “A” (excellent) for Financial Strength Rating and “a” for ICR (Issuer Credit Rating). Those ratings reflect the parent company’s sound business profile thanks to diversified products. With its financial condition in great shape, all its subsidiaries benefit from financial leverage and flexibility as well.
The company offers the same types of coverage as the parent company. It divides the available coverage into two major categories including:
•Personal Package which includes Auto, Home, Umbrella, Watercraft & Toys, Valuable Items, and Identity Protection insurance.
•Business Package which offers Small Business, Mid-Sized Business, Risk Management, and Specialty Risks coverage.
Every state has its rules regulating property and casualty insurance, and all providers must comply with those rules. The good thing is that Citizens Insurance Michigan encourages you to work with independent agents instead of the captive ones, so you get a better rate for the best price depending on your circumstances. Independent agent works for you and acts like your representative while dealing with insurance company. The agent does the negotiating on your behalf to allow for a more affordable package with the more manageable payment option. Independent agent also makes sure that your insurance policy complies with Michigan’s laws.
Michigan is one of few states in the country to implement no-fault insurance regulation. This means your auto insurance company covers the cost of your injuries regardless of who is at fault in the event of an accident. Unlike liability coverage in most other states that provide a payout for the other party involved in an accident, no-fault insurance gives payout for the insured up to the limit of the policy. To make this possible, the state of Michigan requires all drivers to purchase PIP (Personal Injury Protection). Based on the information provided by the Department of Financial Services of Michigan, the insurance company will pay an unlimited amount of medical and rehabilitation expenses in case you or your family is injured in an accident. PIP also covers wage loss up to $20 per day for three years.It is possible to coordinate PIP with other health insurance to reduce the premium without eliminating the benefits of the maximum payout. You will need an independent agent to help you with all the required procedures. Another required coverage is Property Protection, which will pay up to $1 million if your car causes damages to other people’s cars or properties.
The main purpose of no-fault insurance is to eliminate the needs for the court process and immediately provide health expense payout.In any case, if a driver files a lawsuit against another driver, Residual Bodily Injury/Property Damage Liability (BI/PD) will kick in. It is also required coverage to help cover the cost of court processes.
Citizens Michigan Insurance with your independent agent will figure out the best coverage package for your needs without putting aside affordability consideration. Besides PIP, Property Protection, and BI/PD, Citizens Insurance also has optional coverage for examples Roadside Assistance, OEM Parts, Comprehensive, Collision, and Transportation Expense. Coverage is available in three different bundles including Platinum Auto Essential, Platinum Auto Advantage, and Platinum Auto Elite. Each bundle has distinct types of coverage, and your independent agent helps you choose best. Furthermore, the company offers an assortment of endorsement that can be added to any Platinum Auto bundle.
If you wish not to purchase auto coverage in a bundle, the company allows your independent agent to choose simpler coverage needs. This means you can customize the purchase to include only the coverage you want the most. The customized package can still include additional endorsements, so everything is flexible. Working with an independent agent also improves the likelihood of getting discounts. Auto Insurance by Citizens Insurance Michigan offers discounts such as Good Student, Anti-Theft Devices, Multi-Car, Accident Prevention Course, and more. The amount of maximum discount varies from state to state.Each discount has eligibility requirements, but your agent can give guidance regarding this advantage to reduce premium even more.
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