Other Coverages and Michigan-Specific Issues
Inland marine and crime
Inland marine covers property in transit and mobile or specialized property: motor truck cargo, bailee customers' goods, builders risk, electronic data processing equipment, and fine arts. Crime coverage is separate and does not depend on a property peril - employee dishonesty, forgery or alteration, computer fraud, theft of money and securities, and safe burglary.
Excess and umbrella
An umbrella sits over underlying auto, general liability and employers liability coverage, and can drop down to cover a loss not covered by the underlying policies after a self-insured retention. Underlying limits must be scheduled and maintained.
Flood and earthquake
Flood is written through the NFIP or a write-your-own carrier: residential maximums of $250,000 on the building and $100,000 on contents; commercial maximums of $500,000 each. Earthquake is excluded on virtually every property form and must be endorsed.
Michigan issues to memorize
DIFS regulates insurance and P&C rates are file-and-use. No-fault auto requires 20/40/10 residual liability, PIP, and $1,000,000 PPI; tort recovery is limited by the serious-injury threshold and the $3,000 mini-tort. The Michigan Catastrophic Claims Association reimburses PIP claims above a retention. Residual markets include the Michigan Automobile Insurance Placement Facility, the Assigned Claims Plan for no-fault claimants, the Michigan Basic Property Insurance Association, and the workers compensation placement facility.
Traps
NFIP limits apply per building, and a commercial risk cannot buy the residential maximums. An umbrella does not replace primary insurance and typically excludes workers compensation itself, though it may cover employers liability.