Foye Insurance Agency
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Four generations of the same family have owned and operated this independent insurance agency. Foye Insurance Agency has a highly experienced, industry-smart staff and a wide variety of products to meet whatever insurance need you may have. Feel secure with our smart, friendly staff and the benefits of a big company with the personal attention of a single agent.
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Our independent insurance agency was founded by the late Edward Foye Sr. in 1942 to serve the Central Upper Peninsula of Michigan, including Marquette, Ishpeming, Negaunee, and Gwinn.
We're the first agency of the American Community Mutual Insurance Company out of the Detroit area.
Through the years, we've expanded into a full-service property and casualty insurance agency, representing many insurance companies selling car, home, business, personal, and life insurance plans.
Our mission for over 75 years is to give you the best service possible.
What is auto insurance?
Auto insurance protects you against financial loss if you have an accident.
It is a contract between you and the insurance company.
You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.
Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
An auto insurance policy is comprised of six different kinds of coverage.
As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel -- liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists.
In fact, many business people use the same vehicle for both business and pleasure.
If the vehicle is owned by the business, make sure the name of the business appears on the policy as the "principal insured" rather than your name.
Because everyone's needs are not the same, it is best to consult your agent to help assess your needs and find the insurance policy that is right for you.
What is Homeowners insurance?
Homeowners insurance provides financial protection against disasters.
A standard policy insures the home itself and the things you keep in it.
Homeowners insurance is a package policy.
This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people.
There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.
Term insurance is designed to meet temporary needs.
It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term.
This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time.
For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.
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