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We get a lot of questions regarding the proposed changes to Michigan’s No-Fault Law, so we wanted to highlight, as simply as possible, what Senate Bill 248 would actually do. There is quite a bit of misinformation out there, so we’d like to help clear it up. The following summary was drafted by the Michigan Association of Insurance Agents. What does Senate Bill 248, proposed legislation really do? Moving

In today’s economy, it seems like we are receiving more questions regarding replacement cost and market value of homes and what the differences are between these two values. There are many homes that are selling well below their calculated “replacement cost“. They would expect to insure their newly purchased $50,000 home for the purchase price, although the actual replacement cost may be much higher