Bonus Episode with Jackie from MIAFS

Hi guys, thank you for listening to the GR Rideshare Adventures podcast. This is a bonus episode, I sit down with Jackie or Jax from Michigan insurance and financial services. Am I a Fs and wow what a good interview. It's quick. It's sure it's to the point. Jackie is a sponsor of our show and she sells insert insurance. So please reach out to her. She saved me $70 a month why wouldn't you 269-569-6127 269-569-6127 as you'll hear, that is her direct cell phone and you can email her jackie@mif.com Jackie m. i s calm. We kind of just talked about insurance and tips and those kind of things. So thank you, Jackie for supporting the GR Rideshare Adventures podcasts and Enjoy. Hi guys. Welcome to the GR Rideshare Adventures podcast. Thank you so much for joining us. I got a bonus episode here with Jax from Michigan insurance and financial services. Don't ask her about the financial services. That's what she just told me. So thank Oh, sorry. Pull that mic up there. Sorry. I'm a terrible always bought like right up. Okay, there. Was it backwards? Yeah. Is that cool? Yeah, that's all right. I'm a terrible host. I apologize for that. I'm like, I can't hear her. What's going on? So why don't you tell me about the company. You are a new sponsor, and I'm super excited because just real quick, if you haven't listened to the other podcasts, you save me a ton of money like 70 bucks a month, which Okay, and the small Yeah, 70 a month but when it for the whole year, it's like over 100 bucks or something like that. So it's a lot of money. So I'm super excited that you decided to sponsor the show. So why don't you tell me a little bit about about you and the business that you work for? Yeah, I've been doing insurance for about seven years now for the state of Michigan. For the last four years, I've been with Michigan insurance and financial services. We're great independent agency. So we actually have several different carriers and companies that we represent. That's on the personal auto home side, also some commercial, and then I do also offer some life insurance too. So okay,
yeah, so you're a broker. Right? So that
means independent agent, I guess is where they say,
Okay, I should re re label what I say cuz I've been saying a broker broker. Yeah, some people would say it's a broker to just because we don't typically work for just one carrier, right? We're working for the client. You know, we're still the agent, we're still servicing the account. We're still making sure everything's going smoothly with the account making the changes for you, with all the servicing, etc. So we're still kind of like that guy right next door, but at the same time, we just have all lot of different choices. So in you don't have to it might be in the weeds. We talked to her and I talked before, we're going to try to keep everything out of the weeds and not too complicated because insurance is a complicated thing. And if you have a specific question, please email her because I cannot answer it. So how do you get paid? Then like, I'm interested how you saved me a ton of money, and then you still got paid? Yeah, no, that's actually a fair question that everybody asks that usually, because that's usually the first question people ask, well, do I gotta pay you a fee? Right, exactly. And the answer is no. Right? You don't pay me a fee. The carrier pays me so we're getting paid a commission to place that business with that carrier. So each carrier has a different percentage that they pay out and we just get paid based off of that. Okay, well, that's good. And so you do a little bit of life insurance. Yeah, one thing my old insurance company like the last six months, he's been like, hounded me for life. And so now I have it. Sure. Like, I've had it for a while, but man, he just was beating down my door. I'm like, Man must be a good Commission on that. Life Insurance
depends on what you're buying.
Yeah, I guess so don't get me wrong good eight, he was a good agent. There was nothing. Ill well, and then, you know, Benton bad about him I was just looking to save money. And it's kind of funny when when you do change insurance companies if you do, Jackie can send a former you only after column and it's like Oh, is that so 2020? Like, you don't have to break up with your insurance agent and just be like, yeah, this isn't gonna work out. I'm gonna let someone else do it. So yeah, let's see her fair people typically don't like to break up. I know. Yeah, but that's what's cool about me to those cuz like in two, three years, maybe four years, your rates go crazy again. Well, I got all these carriers like well, this look again. Yeah, that's a huge advantage because you're sticking with one company and it is what it is like, this is the price. I mean, you can complain about it. But so let's dive into a couple of questions. You know, we had some that I came up with And then some that, you know, some of the listeners did and one of the ones I came up is like why is important to have that extra ride share insurance, the rider that? Honestly farmers was the first okay farmers was my agent, I just blew it. I don't tell you who the agent was. But farmers I was the first company in Michigan to offer that rideshare insurance. So I had Farm Bureau and the second I found out farmers had it I switched companies like price was because I wanted to make sure I was covered. Because like before that we're just kind of rolling the dice True Story, you know, so why is it important? So I would say the biggest thing that's important for is because if you get into an accident, and your carrier finds out that you're driving Uber that night, they could deny your claim. Yeah, early. I mean, and that's the biggest thing you know, you have your liability all set up with Uber, whatever, you know, they do provide that for you guys. And I know that that's the first thing that obviously somebody would want to go after, but the biggest thing is fixing your car. What happens then, you know, I don't know what the underlying rules are with that policy. with Uber or with lift or with whatever rideshare company it is, but the bottom line is, is that I do know, at least two of my carriers that I can think of in my lineup that would include deny that claim. Okay, so they don't, they don't they don't offer it. Okay. Yeah, I'm not sure No, no. Okay. I'm surprised there are a ton of, or I mean, you said a few, but that everyone's not doing it. I don't know why it's coming. I think that it's just so new and so fresh that like, understanding that risk and how to price it is been the challenge. But yeah, I mean, I know a few of mine do offer it now. And it's just a rider on there. And yeah, honestly, it's not that much. No, I mean, I don't remember. I don't remember what mine was. I mean, I am older. I'm not 25 driving around, so which would be a lot higher, but I think it I don't know, it's probably like 20 bucks a month.
Yeah, it's maybe even less just
shows how much I really studied. I just looked at the bottom line. I'm like, Alex, good, as long as it's apples to apples. I'm cool. One of the things that gets brought up a lot is the level of your personal insurance when you're doing this kind of work, because let's face it, you're at risk. I mean, the more you're on the road, the more you're at risk of getting dinged up not necessarily you doing it, but someone else. Do you recommend having the max amount of insurance on your personal policy does just kind of help? Yeah, I mean, and that's actually one of the big things that it's changing in July. One is the recommendation for the state is going to be changing to 250,000 per person. 500,000 per accident. Everybody's used to Oh, I have 2040 or Oh, I have this well, it's not enough. It's simply not. But yeah, I would say the lowest amount that would be it right there to 5500 would be the lowest okay, but 500,000 and above is great. But really the biggest thing that I would say that I would offer a person you know, if they're really looking to make sure they have that extra protection is is getting an umbrella. And that umbrella gives you an extra you know, million dollars worth of liability for yourself and coverage not only you, but everybody in your house. Okay, so how would it work? If and I know you don't know exactly the rideshare policy, but how would it work if like, I got an accident. But let's say Uber only covers up to a certain amount, let's say it's a million. And I believe that's what it is. Yeah. And then I think that's what is, but then what if it goes over that I mean, money adds up to kick in, so you are technically insured double when you're insuring yourself with that lot rideshare, you know, rider policy, so you got that million dollars from Uber, they're going to go after that first, then they're going to go after your liability limits. And then, you know, so on and so forth. The State of Michigan does also have PIP still, so that's still in play. And so if someone's injured in an auto accident, that's really where they're going is right, you know, with that, too, so, but that's one of the things that changing, you know, and again in July so those Yeah, let's talk about that a little bit. Is that gonna bring the bill up or down, you know, and they say initially, there's To be slashing the rate on Pip, that's what they say, okay, no, do I think it's gonna change somebody's rate significantly? I don't know, it's really going to depend on the level that gets chosen. We're going to recommend that everyone keeps an unlimited still. Yeah, we want you paying in because even if you pay $1 in, you know, you're you're going to get paid out. So explain what that PIP is. I don't actually know personal injury, something I think, yeah, personal injury protection. That's it's a state of Michigan thing. You know, we're not technically a no fault state right now. And so if you're injured in an auto accident, that's what helps pay your medical bills. Okay. So speaking of medical, why does it ask like when I was I was shopping for insurance and I actually did go to progressive site and it kept asking about do you have health insurance? Sure. So how does that work? Like what kicks in medically like if I checked Yes, I have health insurance does my rates go down? Because my depends on if you're playing coordinates or not. So That's the biggest right there is, does your health insurance coordinate with auto accidents? So meaning does your health insurance payout first if you're in an auto accident? Or do they say no? So you don't ask. So you have to find that out before you check that. Yeah, we check into it typically, for our clients so good, we can look into it. I'm sure there's like a list, you know, that we typically like to go off of, we do send it into the carrier. If the carrier denies it, then yeah, you would see your rate, you know, increase, possibly, not every carrier offers that big of a discount anymore for progressives honestly, is probably where I would say they're the fairest, you know, they're charging about the same for to be primary versus access. You know, some cases it might be a little bit less, but some, you know, it really varies on the person. I mean, it's like your IQ tests. I don't want to do that now. So my buddy, he was in an accident and he left and he was driving. He did not A passenger someone rear ended and then she took off. Got the plate and everything. I don't even know what happened with that, but their deductible is 2500 and
which is a lot. It's a lot of damage to get to 2500 I mean, especially just in like in a fender bender. Yeah. Well, it took them forever took them like seven weeks to finally come back. And they nickeled and dimed it down to under 2500. So Pete was gonna have to come up with like, 2200 to fix it. Well, progressive stepped in and paid it. And I was like, Oh, that's why I went right to progressive. I didn't tell you that initially, because I wanted to see what you came back with. But I was like, seriously, that's amazing. Like, it's not a lot of money to them. But the repair actually was almost 2800. But somehow lifts adjusters got it down under that mark. So I was really excited to hear that insurance company actually stepped up and said, Yeah, we'll cover it. I wonder if that standard or if that was just like, Hey, thanks for being a customer. No, it's not that Thanks for being a customer. You have that coverage on your policy such as yourself. Yeah. With progressive and we have that box check that your rights here driver. Yeah. If something happens in an accident, yes, that really, we will go to make the claim through progressive and you will pay the deductible that was selected on your policy. So it goes to live first if they deny it, because they're the first right and if they I always say send it to them first. Yeah, well, yeah. But when it comes down to that deductible and getting the car fixed, you might want to talk to both. Yeah. Okay. Well, that's good to hear then that that's huge, because I think people are worried about that. 20 $500 You don't know if that's the case, then you almost hope they don't do it. Because then if your deductibles 500 or 1000, I think I don't think they have anything higher typically. So the doctor, usually we do 1000 or less thousand is about this is the standard I would say. And usually that's because of you know, liens on cars and the banks and they don't allow it to be any higher than that. So there's actually a rule in place for lien holders, and also people that leased cars. That typically, I would say most most banks, it's 1000 bucks or less than Okay, you so you can't have your deductible higher than that. Oh, yeah. Cuz I never been offered anything higher. Because some people, you know, if you got an emergency fund, and you can save monthly, I mean, if you're new, the chances of how many people getting in an accident? I mean, yeah, I mean, just like my wife drives to work every day and you know, to the gym and maybe the grocery store, I mean, put her on a $3,000 deductible because the chances of although you can't predict someone hitting her, I guess so. I don't know. So it's so you can sell for us though. So if you do own the vehicle outright, and that's a risk you want to take. There are companies that do offer up to 2500 bucks. I notice. Not every carrier does, but there are a couple out there and you know, you might save 1020 bucks a month. Yeah, I guess that's not that big of a deal. But uh, so let's see. Let's go and we'll ask some question. From the drivers, so Jamie asks, Can I still drive? Oh, can I still drive without the rideshare? rider? Yeah, I would say yes. But also, you know, it depends on your carrier. I mean, I would check with your carrier make sure still, I mean, it's a sticky I know he honestly, I knew it. I knew going in there was a risk. And I don't know why I took it. Because I'm, I mean, I got tattoos. I just not a huge risk taker when it comes to that got that Uber insurance. And so everyone thinks, Oh, well, I'll have this Uber. And so I'm going to be fine, and it doesn't matter. Well, it could and and and then I would see on all the chat rooms, chat rooms, what am I? Not AOL, although like Facebook groups, like I'm be like, don't tell your insurance agent like you will get you they will say they will give you your warning right there. Yeah, absolutely. We actually have to immediately if that's disclosed to me, I'm immediately like, Okay, well, if you're going to be driving rideshare or doing Uber, I said then we need to move you to a specific barrier that offers that. Yeah, do it now. Right when it now, you know, or if you know as soon as you enter that contract where you're going to turn that button on and yeah, and hit the road, you know, we really should move. Yeah. Yeah. And then I again I tell people I have even had close friends that they're like, Yeah, I don't want to get the rider. It's so cheap. Like, why you everything could be covered for you Why would you? Why would you cheap out on that? Like you're gonna cheap out like fine I don't know don't go out to eat today or something. I mean, it's not that much, but one of the questions. This is mine too. So there's a lot of food delivery out there. Now I do it too. You know, Postmates Uber Eats I don't know. It's It's terrible. But grub hub like all those and then there's amazon flex delivery. So that rider doesn't cover any of those correct.
rideshare does. So I would say still have rideshare on your policy from what I am understanding. We did check with one of our carriers and they said that Yes, they would cover the same way. That would be something that we would want to maybe specifically ask, you know, of course the carrier. Yeah. But yeah, I mean, I say still have that writer because that's still a form of rideshare. I mean, you're still doing something. You know, if you're working for Domino's and delivering pizza, that's a different because you're not in but independent contractor at that point. Okay, don't have an underlying liability policy, typically when you're driving for, you know, a Pizza Hut or a Papa John's or something like that. So, you know, and so then again, every carrier is going to be different on whether or not they're okay with that risk. I know originally, when I talked to my farmers agent, they said that it did not cover Amazon now. That was over two years ago. Yeah, I'm not sure about the Amazon. I would hate to say yes and be incorrect on the Amazon. But my understanding as far as the other, you know, anything correlate with like Uber Eats and what have you, the rideshare should help out. Okay, well, that's good to know. Um, so this is from Chris, what happens? Okay. It's kind of a medical question what happens to a person that gets into a rideshare access And they have no medical insurance. Does this company take the hit the driver or both? Well, typically you should be carrying primary PIP then on your insurance for insurance. Yeah. And so as long as your primary on PIP and you're paying into that PAMP, then pips gonna pay off if you're injured.
Okay, so that's easy peasy, then. So yeah,
if you don't have somebody else, then that's different, you know, they're going to be going after the liability policies first, you know, but also, again, tips in the state. So some of that overrides and it all depends on how it shakes out. So they'll go after some of the liability there. They'll take PIP here, you know. So my question is, if you don't have health insurance, but you have the rider Do you still have to get picked by by law law? Everyone has okay. Yep. So has it on their policy? It's not an option. Okay. One of the questions from bond has the state roped any auto insurance companies to maintain coverage without the rider so meaning like, Is there a company that for sure will cover you without the rider?
I guess that's I don't think so.
Yeah. mucosa What? That's the purpose of the purpose of it?
Yeah, they want to know if you're doing it.
Yeah. Because you again, more risk. Exactly. Exactly. Yep. They want it, you know, and so then you know, that's why we make sure we have a few carriers that right and that are competitive still that are great companies, you know, that offer that coverage. So a commercial policy, I flirted around with that and got a few quotes and it was ridiculous a month and you know, does that change what you can do in your car if you have a commercial policy meaning offer like, can you have alcohol in your car? Or is that not an insurance thing? Is that more of like a show first thing the
chauffeur limo
type situation? I don't know what
so its own licensing through the state. For one, and then yeah, you would have to probably get some sort of liquor liability, commercial policy. Yeah. Having you know, any alcohol in your vehicle that would 100% me commercial policy. Yeah. You know what you're doing. off hours like driving to and from your commercial policy would still cover you during that time. But yeah, I mean they look at that almost like a taxi or a limo service then at that point in there, it's pretty costly. Yeah, I think it was like, I don't know it's gonna be like $800 a month or
something like 10 grand, it was ridiculous.
I'm like, I wonder how you could do it if because I know there's people that have cars let's say you have like five cars and you can rent them out to drivers. And and I wonder if you would have to get commercial to would that be a commercial? like you'd have to have a commercial policy to do
that either in hundred percent
Yeah, hundred percent. I don't know how that works. I we did look into it as a group as GR Rideshare Adventures we did look into like maybe doing like and we're not seems a little sticky. These like there's a lot of liability there. I don't know if I want to mess around with that because I've seen some rideshare drivers out there. So I want to talk about like saving money and I know it's all individual What is the best way to like get a hold of you? I know you don't. You're advertising you. I mean, you work for the company, but you? What's the best way to get ahold of you to get a quote? Yeah, I mean, we do have a Facebook page. And that's totally fine. That's actually managed by all of us. It's Michigan insurance and financial services, Grand Rapids, because that's not where our office sits. There's actually a few of us that work in that office. I'm one of them. But I would say yeah, give me a call or shoot me an email. That was obviously the best ways in and you can text me I don't care. That's okay. If if they do reach out through Facebook, they should shout me out. Yeah. I want to talk to Jackie here. Yeah, you know, I have I actually have admin rights to that Facebook too. So I see the messages coming in. And so you can be like, no,
that's mine. I know that guy.
Yeah, yeah. But always just because then, you know, he creates less confusion and things like that. But yeah, hey, just shout out that you heard something from this podcast. You know, my I go by jacks or Jackie. Everyone knows who I am. They're so cool. Um, what else do you want to, you know, talk about? Like, do you have any thing that maybe I missed that you thought this is important for rideshare drivers? Yeah, I would just say, you know, make sure that you prepare for July 2, you know, some changes that are going to be coming and if you have questions, happy to go over any of the questions that you have, I don't care if you end up getting a policy with me or not still looking at look at it for you. You know, making sure that you're set up for the best situation coming up here with a new law changes. That's probably the biggest thing that's gonna be happening right now. Yeah, I got your name from Gabe. And he was like, he just raves about you. And I'm like, all right. And then I told them to put it because we maintain. It's not a huge show. There's about 60 people from around the country and I know you obviously only do it in Michigan, but we do actually have a couple other states. So close on the border. You know, Indiana, Illinois, you know, actually Texas I know
it's kind of random. But
yeah, I mean, we're actually licensed in a few other states as well. So if you know somebody Florida, I believe Tennessee even Okay, there's somebody at our office that can definitely assist those people too. So yeah, so Gabe was like, just raving about you. And, I mean, there was about six people that are like, I don't know if anyone else reached out from that initial comp when he posted your number, but I'm like, Oh, yeah, I was already. Oh, you'll love this. This is what set set it off for me. Like I had no problem with the service with farmers. I just happen to look at my policy documents and they had the rideshare coverage on the wrong car. I don't know how long that's been like that. I've been with them for two years. Wow. I was like, I mean, they switched it right away. I emailed them and within you know, 10 seconds she's like, Oh my gosh, I'm sorry and switch it but I'm just like, okay, shop around, you know, and then like like a week later games like I don't know how it came up in the chat, but I was like, ah, Give me your number. So yeah, I'm happy to say it went smooth. Everything was done online. You didn't have to even go in, you could sign everything, which is the technology's amazing. So I mean within. I mean, you probably could have had me going sooner but we're like, let's do it on the day your draft drafts the other one so it says like seamless. Yeah, I like to accommodate people as much as I can. So if it's easier for us to start the policy on your next payment, you know, unless we're saving you something like completely astronomic and you're getting you know, money back then, you know, we'd like to make it smooth. So, you know, just like canceling the policy for you. Means so little some people do it themselves, and I don't care which way you do it. I'll offer it Yeah, it's just I yeah, it's just so funny how like, people nowadays, like, Well, yeah, everyone's like texting. No one does the face to face and it's like, well, you can break out for me fast. So well. Thank you for coming in and talking. We'll post this and you know, if People have any more questions? Definitely. Well, obviously, everyone knows your number I yeah, the phone number that you're throwing out there is actually my, you know, cell phone. Yeah, feel free to text too if you don't want to call. I don't care. I mean, that's Yeah, problem. Facebook me. That's cool too. Yeah. shoot me an email. All right. Well, thank you very much. Have a good one. Thanks.

Hi guys, thank you for listening to the GR Rideshare Adventures podcast. This is a bonus episode, I sit down with Jackie or Jax from Michigan insurance and financial services. Am I a Fs and wow what a good interview. It's quick. It's sure it's to the point. Jackie is a sponsor of our show and she sells insert insurance. So please reach out to her. She saved me $70 a month why wouldn't you 269-569-6127 269-569-6127 as you'll hear, that is her direct cell phone and you can email her This email address is being protected from spambots. You need JavaScript enabled to view it. Jackie m. i s calm. We kind of just talked about insurance and tips and those kind of things. So thank you, Jackie for supporting the GR Rideshare Adventures podcasts and Enjoy. Hi guys. Welcome to the GR Rideshare Adventures podcast. Thank you so much for joining us. I got a bonus episode here with Jax from Michigan insurance and financial services. Don't ask her about the financial services. That's what she just told me. So thank Oh, sorry. Pull that mic up there. Sorry. I'm a terrible always bought like right up. Okay, there. Was it backwards? Yeah. Is that cool? Yeah, that's all right. I'm a terrible host. I apologize for that. I'm like, I can't hear her. What's going on? So why don't you tell me about the company. You are a new sponsor, and I'm super excited because just real quick, if you haven't listened to the other podcasts, you save me a ton of money like 70 bucks a month, which Okay, and the small Yeah, 70 a month but when it for the whole year, it's like over 100 bucks or something like that. So it's a lot of money. So I'm super excited that you decided to sponsor the show. So why don't you tell me a little bit about about you and the business that you work for? Yeah, I've been doing insurance for about seven years now for the state of Michigan. For the last four years, I've been with Michigan insurance and financial services. We're great independent agency. So we actually have several different carriers and companies that we represent. That's on the personal auto home side, also some commercial, and then I do also offer some life insurance too. So okay,
yeah, so you're a broker. Right? So that
means independent agent, I guess is where they say,
Okay, I should re re label what I say cuz I've been saying a broker broker. Yeah, some people would say it's a broker to just because we don't typically work for just one carrier, right? We're working for the client. You know, we're still the agent, we're still servicing the account. We're still making sure everything's going smoothly with the account making the changes for you, with all the servicing, etc. So we're still kind of like that guy right next door, but at the same time, we just have all lot of different choices. So in you don't have to it might be in the weeds. We talked to her and I talked before, we're going to try to keep everything out of the weeds and not too complicated because insurance is a complicated thing. And if you have a specific question, please email her because I cannot answer it. So how do you get paid? Then like, I'm interested how you saved me a ton of money, and then you still got paid? Yeah, no, that's actually a fair question that everybody asks that usually, because that's usually the first question people ask, well, do I gotta pay you a fee? Right, exactly. And the answer is no. Right? You don't pay me a fee. The carrier pays me so we're getting paid a commission to place that business with that carrier. So each carrier has a different percentage that they pay out and we just get paid based off of that. Okay, well, that's good. And so you do a little bit of life insurance. Yeah, one thing my old insurance company like the last six months, he's been like, hounded me for life. And so now I have it. Sure. Like, I've had it for a while, but man, he just was beating down my door. I'm like, Man must be a good Commission on that. Life Insurance
depends on what you're buying.
Yeah, I guess so don't get me wrong good eight, he was a good agent. There was nothing. Ill well, and then, you know, Benton bad about him I was just looking to save money. And it's kind of funny when when you do change insurance companies if you do, Jackie can send a former you only after column and it's like Oh, is that so 2020? Like, you don't have to break up with your insurance agent and just be like, yeah, this isn't gonna work out. I'm gonna let someone else do it. So yeah, let's see her fair people typically don't like to break up. I know. Yeah, but that's what's cool about me to those cuz like in two, three years, maybe four years, your rates go crazy again. Well, I got all these carriers like well, this look again. Yeah, that's a huge advantage because you're sticking with one company and it is what it is like, this is the price. I mean, you can complain about it. But so let's dive into a couple of questions. You know, we had some that I came up with And then some that, you know, some of the listeners did and one of the ones I came up is like why is important to have that extra ride share insurance, the rider that? Honestly farmers was the first okay farmers was my agent, I just blew it. I don't tell you who the agent was. But farmers I was the first company in Michigan to offer that rideshare insurance. So I had Farm Bureau and the second I found out farmers had it I switched companies like price was because I wanted to make sure I was covered. Because like before that we're just kind of rolling the dice True Story, you know, so why is it important? So I would say the biggest thing that's important for is because if you get into an accident, and your carrier finds out that you're driving Uber that night, they could deny your claim. Yeah, early. I mean, and that's the biggest thing you know, you have your liability all set up with Uber, whatever, you know, they do provide that for you guys. And I know that that's the first thing that obviously somebody would want to go after, but the biggest thing is fixing your car. What happens then, you know, I don't know what the underlying rules are with that policy. with Uber or with lift or with whatever rideshare company it is, but the bottom line is, is that I do know, at least two of my carriers that I can think of in my lineup that would include deny that claim. Okay, so they don't, they don't they don't offer it. Okay. Yeah, I'm not sure No, no. Okay. I'm surprised there are a ton of, or I mean, you said a few, but that everyone's not doing it. I don't know why it's coming. I think that it's just so new and so fresh that like, understanding that risk and how to price it is been the challenge. But yeah, I mean, I know a few of mine do offer it now. And it's just a rider on there. And yeah, honestly, it's not that much. No, I mean, I don't remember. I don't remember what mine was. I mean, I am older. I'm not 25 driving around, so which would be a lot higher, but I think it I don't know, it's probably like 20 bucks a month.
Yeah, it's maybe even less just
shows how much I really studied. I just looked at the bottom line. I'm like, Alex, good, as long as it's apples to apples. I'm cool. One of the things that gets brought up a lot is the level of your personal insurance when you're doing this kind of work, because let's face it, you're at risk. I mean, the more you're on the road, the more you're at risk of getting dinged up not necessarily you doing it, but someone else. Do you recommend having the max amount of insurance on your personal policy does just kind of help? Yeah, I mean, and that's actually one of the big things that it's changing in July. One is the recommendation for the state is going to be changing to 250,000 per person. 500,000 per accident. Everybody's used to Oh, I have 2040 or Oh, I have this well, it's not enough. It's simply not. But yeah, I would say the lowest amount that would be it right there to 5500 would be the lowest okay, but 500,000 and above is great. But really the biggest thing that I would say that I would offer a person you know, if they're really looking to make sure they have that extra protection is is getting an umbrella. And that umbrella gives you an extra you know, million dollars worth of liability for yourself and coverage not only you, but everybody in your house. Okay, so how would it work? If and I know you don't know exactly the rideshare policy, but how would it work if like, I got an accident. But let's say Uber only covers up to a certain amount, let's say it's a million. And I believe that's what it is. Yeah. And then I think that's what is, but then what if it goes over that I mean, money adds up to kick in, so you are technically insured double when you're insuring yourself with that lot rideshare, you know, rider policy, so you got that million dollars from Uber, they're going to go after that first, then they're going to go after your liability limits. And then, you know, so on and so forth. The State of Michigan does also have PIP still, so that's still in play. And so if someone's injured in an auto accident, that's really where they're going is right, you know, with that, too, so, but that's one of the things that changing, you know, and again in July so those Yeah, let's talk about that a little bit. Is that gonna bring the bill up or down, you know, and they say initially, there's To be slashing the rate on Pip, that's what they say, okay, no, do I think it's gonna change somebody's rate significantly? I don't know, it's really going to depend on the level that gets chosen. We're going to recommend that everyone keeps an unlimited still. Yeah, we want you paying in because even if you pay $1 in, you know, you're you're going to get paid out. So explain what that PIP is. I don't actually know personal injury, something I think, yeah, personal injury protection. That's it's a state of Michigan thing. You know, we're not technically a no fault state right now. And so if you're injured in an auto accident, that's what helps pay your medical bills. Okay. So speaking of medical, why does it ask like when I was I was shopping for insurance and I actually did go to progressive site and it kept asking about do you have health insurance? Sure. So how does that work? Like what kicks in medically like if I checked Yes, I have health insurance does my rates go down? Because my depends on if you're playing coordinates or not. So That's the biggest right there is, does your health insurance coordinate with auto accidents? So meaning does your health insurance payout first if you're in an auto accident? Or do they say no? So you don't ask. So you have to find that out before you check that. Yeah, we check into it typically, for our clients so good, we can look into it. I'm sure there's like a list, you know, that we typically like to go off of, we do send it into the carrier. If the carrier denies it, then yeah, you would see your rate, you know, increase, possibly, not every carrier offers that big of a discount anymore for progressives honestly, is probably where I would say they're the fairest, you know, they're charging about the same for to be primary versus access. You know, some cases it might be a little bit less, but some, you know, it really varies on the person. I mean, it's like your IQ tests. I don't want to do that now. So my buddy, he was in an accident and he left and he was driving. He did not A passenger someone rear ended and then she took off. Got the plate and everything. I don't even know what happened with that, but their deductible is 2500 and
which is a lot. It's a lot of damage to get to 2500 I mean, especially just in like in a fender bender. Yeah. Well, it took them forever took them like seven weeks to finally come back. And they nickeled and dimed it down to under 2500. So Pete was gonna have to come up with like, 2200 to fix it. Well, progressive stepped in and paid it. And I was like, Oh, that's why I went right to progressive. I didn't tell you that initially, because I wanted to see what you came back with. But I was like, seriously, that's amazing. Like, it's not a lot of money to them. But the repair actually was almost 2800. But somehow lifts adjusters got it down under that mark. So I was really excited to hear that insurance company actually stepped up and said, Yeah, we'll cover it. I wonder if that standard or if that was just like, Hey, thanks for being a customer. No, it's not that Thanks for being a customer. You have that coverage on your policy such as yourself. Yeah. With progressive and we have that box check that your rights here driver. Yeah. If something happens in an accident, yes, that really, we will go to make the claim through progressive and you will pay the deductible that was selected on your policy. So it goes to live first if they deny it, because they're the first right and if they I always say send it to them first. Yeah, well, yeah. But when it comes down to that deductible and getting the car fixed, you might want to talk to both. Yeah. Okay. Well, that's good to hear then that that's huge, because I think people are worried about that. 20 $500 You don't know if that's the case, then you almost hope they don't do it. Because then if your deductibles 500 or 1000, I think I don't think they have anything higher typically. So the doctor, usually we do 1000 or less thousand is about this is the standard I would say. And usually that's because of you know, liens on cars and the banks and they don't allow it to be any higher than that. So there's actually a rule in place for lien holders, and also people that leased cars. That typically, I would say most most banks, it's 1000 bucks or less than Okay, you so you can't have your deductible higher than that. Oh, yeah. Cuz I never been offered anything higher. Because some people, you know, if you got an emergency fund, and you can save monthly, I mean, if you're new, the chances of how many people getting in an accident? I mean, yeah, I mean, just like my wife drives to work every day and you know, to the gym and maybe the grocery store, I mean, put her on a $3,000 deductible because the chances of although you can't predict someone hitting her, I guess so. I don't know. So it's so you can sell for us though. So if you do own the vehicle outright, and that's a risk you want to take. There are companies that do offer up to 2500 bucks. I notice. Not every carrier does, but there are a couple out there and you know, you might save 1020 bucks a month. Yeah, I guess that's not that big of a deal. But uh, so let's see. Let's go and we'll ask some question. From the drivers, so Jamie asks, Can I still drive? Oh, can I still drive without the rideshare? rider? Yeah, I would say yes. But also, you know, it depends on your carrier. I mean, I would check with your carrier make sure still, I mean, it's a sticky I know he honestly, I knew it. I knew going in there was a risk. And I don't know why I took it. Because I'm, I mean, I got tattoos. I just not a huge risk taker when it comes to that got that Uber insurance. And so everyone thinks, Oh, well, I'll have this Uber. And so I'm going to be fine, and it doesn't matter. Well, it could and and and then I would see on all the chat rooms, chat rooms, what am I? Not AOL, although like Facebook groups, like I'm be like, don't tell your insurance agent like you will get you they will say they will give you your warning right there. Yeah, absolutely. We actually have to immediately if that's disclosed to me, I'm immediately like, Okay, well, if you're going to be driving rideshare or doing Uber, I said then we need to move you to a specific barrier that offers that. Yeah, do it now. Right when it now, you know, or if you know as soon as you enter that contract where you're going to turn that button on and yeah, and hit the road, you know, we really should move. Yeah. Yeah. And then I again I tell people I have even had close friends that they're like, Yeah, I don't want to get the rider. It's so cheap. Like, why you everything could be covered for you Why would you? Why would you cheap out on that? Like you're gonna cheap out like fine I don't know don't go out to eat today or something. I mean, it's not that much, but one of the questions. This is mine too. So there's a lot of food delivery out there. Now I do it too. You know, Postmates Uber Eats I don't know. It's It's terrible. But grub hub like all those and then there's amazon flex delivery. So that rider doesn't cover any of those correct.
rideshare does. So I would say still have rideshare on your policy from what I am understanding. We did check with one of our carriers and they said that Yes, they would cover the same way. That would be something that we would want to maybe specifically ask, you know, of course the carrier. Yeah. But yeah, I mean, I say still have that writer because that's still a form of rideshare. I mean, you're still doing something. You know, if you're working for Domino's and delivering pizza, that's a different because you're not in but independent contractor at that point. Okay, don't have an underlying liability policy, typically when you're driving for, you know, a Pizza Hut or a Papa John's or something like that. So, you know, and so then again, every carrier is going to be different on whether or not they're okay with that risk. I know originally, when I talked to my farmers agent, they said that it did not cover Amazon now. That was over two years ago. Yeah, I'm not sure about the Amazon. I would hate to say yes and be incorrect on the Amazon. But my understanding as far as the other, you know, anything correlate with like Uber Eats and what have you, the rideshare should help out. Okay, well, that's good to know. Um, so this is from Chris, what happens? Okay. It's kind of a medical question what happens to a person that gets into a rideshare access And they have no medical insurance. Does this company take the hit the driver or both? Well, typically you should be carrying primary PIP then on your insurance for insurance. Yeah. And so as long as your primary on PIP and you're paying into that PAMP, then pips gonna pay off if you're injured.
Okay, so that's easy peasy, then. So yeah,
if you don't have somebody else, then that's different, you know, they're going to be going after the liability policies first, you know, but also, again, tips in the state. So some of that overrides and it all depends on how it shakes out. So they'll go after some of the liability there. They'll take PIP here, you know. So my question is, if you don't have health insurance, but you have the rider Do you still have to get picked by by law law? Everyone has okay. Yep. So has it on their policy? It's not an option. Okay. One of the questions from bond has the state roped any auto insurance companies to maintain coverage without the rider so meaning like, Is there a company that for sure will cover you without the rider?
I guess that's I don't think so.
Yeah. mucosa What? That's the purpose of the purpose of it?
Yeah, they want to know if you're doing it.
Yeah. Because you again, more risk. Exactly. Exactly. Yep. They want it, you know, and so then you know, that's why we make sure we have a few carriers that right and that are competitive still that are great companies, you know, that offer that coverage. So a commercial policy, I flirted around with that and got a few quotes and it was ridiculous a month and you know, does that change what you can do in your car if you have a commercial policy meaning offer like, can you have alcohol in your car? Or is that not an insurance thing? Is that more of like a show first thing the
chauffeur limo
type situation? I don't know what
so its own licensing through the state. For one, and then yeah, you would have to probably get some sort of liquor liability, commercial policy. Yeah. Having you know, any alcohol in your vehicle that would 100% me commercial policy. Yeah. You know what you're doing. off hours like driving to and from your commercial policy would still cover you during that time. But yeah, I mean they look at that almost like a taxi or a limo service then at that point in there, it's pretty costly. Yeah, I think it was like, I don't know it's gonna be like $800 a month or
something like 10 grand, it was ridiculous.
I'm like, I wonder how you could do it if because I know there's people that have cars let's say you have like five cars and you can rent them out to drivers. And and I wonder if you would have to get commercial to would that be a commercial? like you'd have to have a commercial policy to do
that either in hundred percent
Yeah, hundred percent. I don't know how that works. I we did look into it as a group as GR Rideshare Adventures we did look into like maybe doing like and we're not seems a little sticky. These like there's a lot of liability there. I don't know if I want to mess around with that because I've seen some rideshare drivers out there. So I want to talk about like saving money and I know it's all individual What is the best way to like get a hold of you? I know you don't. You're advertising you. I mean, you work for the company, but you? What's the best way to get ahold of you to get a quote? Yeah, I mean, we do have a Facebook page. And that's totally fine. That's actually managed by all of us. It's Michigan insurance and financial services, Grand Rapids, because that's not where our office sits. There's actually a few of us that work in that office. I'm one of them. But I would say yeah, give me a call or shoot me an email. That was obviously the best ways in and you can text me I don't care. That's okay. If if they do reach out through Facebook, they should shout me out. Yeah. I want to talk to Jackie here. Yeah, you know, I have I actually have admin rights to that Facebook too. So I see the messages coming in. And so you can be like, no,
that's mine. I know that guy.
Yeah, yeah. But always just because then, you know, he creates less confusion and things like that. But yeah, hey, just shout out that you heard something from this podcast. You know, my I go by jacks or Jackie. Everyone knows who I am. They're so cool. Um, what else do you want to, you know, talk about? Like, do you have any thing that maybe I missed that you thought this is important for rideshare drivers? Yeah, I would just say, you know, make sure that you prepare for July 2, you know, some changes that are going to be coming and if you have questions, happy to go over any of the questions that you have, I don't care if you end up getting a policy with me or not still looking at look at it for you. You know, making sure that you're set up for the best situation coming up here with a new law changes. That's probably the biggest thing that's gonna be happening right now. Yeah, I got your name from Gabe. And he was like, he just raves about you. And I'm like, all right. And then I told them to put it because we maintain. It's not a huge show. There's about 60 people from around the country and I know you obviously only do it in Michigan, but we do actually have a couple other states. So close on the border. You know, Indiana, Illinois, you know, actually Texas I know
it's kind of random. But
yeah, I mean, we're actually licensed in a few other states as well. So if you know somebody Florida, I believe Tennessee even Okay, there's somebody at our office that can definitely assist those people too. So yeah, so Gabe was like, just raving about you. And, I mean, there was about six people that are like, I don't know if anyone else reached out from that initial comp when he posted your number, but I'm like, Oh, yeah, I was already. Oh, you'll love this. This is what set set it off for me. Like I had no problem with the service with farmers. I just happen to look at my policy documents and they had the rideshare coverage on the wrong car. I don't know how long that's been like that. I've been with them for two years. Wow. I was like, I mean, they switched it right away. I emailed them and within you know, 10 seconds she's like, Oh my gosh, I'm sorry and switch it but I'm just like, okay, shop around, you know, and then like like a week later games like I don't know how it came up in the chat, but I was like, ah, Give me your number. So yeah, I'm happy to say it went smooth. Everything was done online. You didn't have to even go in, you could sign everything, which is the technology's amazing. So I mean within. I mean, you probably could have had me going sooner but we're like, let's do it on the day your draft drafts the other one so it says like seamless. Yeah, I like to accommodate people as much as I can. So if it's easier for us to start the policy on your next payment, you know, unless we're saving you something like completely astronomic and you're getting you know, money back then, you know, we'd like to make it smooth. So, you know, just like canceling the policy for you. Means so little some people do it themselves, and I don't care which way you do it. I'll offer it Yeah, it's just I yeah, it's just so funny how like, people nowadays, like, Well, yeah, everyone's like texting. No one does the face to face and it's like, well, you can break out for me fast. So well. Thank you for coming in and talking. We'll post this and you know, if People have any more questions? Definitely. Well, obviously, everyone knows your number I yeah, the phone number that you're throwing out there is actually my, you know, cell phone. Yeah, feel free to text too if you don't want to call. I don't care. I mean, that's Yeah, problem. Facebook me. That's cool too. Yeah. shoot me an email. All right. Well, thank you very much. Have a good one. Thanks.

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