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Home Insurance in Michigan

Home Insurance in Michigan

Your house is your biggest asset as a homeowner. It only makes sense to protect your investment by getting adequate insurance coverage. Common concerns are damage caused by wind or hail storms. Even a new roof doesn’t always hold up to a heavy hailstorm, and replacing a roof costs thousands of dollars. But there are many other perils that may cause damage to the interior or exterior of your home, including leaky plumbing or a fire.

If something happened to your house right now, would you have the means to repair or rebuild it? What about your belongings? In case of a fire, homeowners can end up with nothing but the clothes on their back. Similarly, it only takes one slow leak underneath your kitchen sink to cause thousands of dollars’ worth of damage to the floors and cabinets. The right insurance coverage will protect you even in a worst-case scenario, which allows you to get back on your feet quickly.

What Does Home Insurance Cover?

Your homeowner’s insurance in Commerce Charter Township, MI, is tailored to your needs. Most policies cover damage to your home from unforeseen natural disasters, such as storms and lightning. They also include a liability portion that protects you from legal claims in case someone gets injured on your property. 

Here’s a list of other things your homeowner’s insurance can cover:

  • Liability insurance for a trampoline or swimming pool
  • Sewer or septic backups
  • Dog bite liability
  • Replacement cost for personal property
  • Wind damage
  • Additional coverage for valuables (jewelry, computers etc.)

Most insurance policies don’t cover sewer or septic backups unless you have a separate agreement for it. Liability for a pool or trampoline coverage is also something you have to add separately. That’s why it’s so important not to get a standard homeowner’s insurance policy, because you need one that’s right for you. Our team will work hard to ensure you and your assets are protected.

FAQs about Homeowner’s Insurance

Insurance policies are complicated, which is why you really need an expert by your side. We understand the legal requirements in the state of Michigan and can create a custom solution for your home insurance needs. Below are some common questions you may have to get you started. For advice specific to your situation, please call us.

Do I Need Homeowner’s Insurance If I Don’t Have a Mortgage?
The short answer is yes. Even if you own your home free and clear, you may not have the cash reserves on hand to pay for major repairs caused by storm damage. In a worst-case scenario, such as a fire, your house may not even be livable anymore. Unless you have the money to replace your home and all your personal belongings, you still need insurance. You always want to have a liability policy in case someone makes a legal claim against you to protect yourself and your assets.

What Is Replacement Cost Coverage for Personal Property?
Most policies only cover the value of your belongings in case of theft or damage. This means they only reimburse what the items were worth when the coverage incident occurred. Unfortunately, that value is a far cry from the actual replacement cost. As an example, with replacement cost coverage for your personal property, you’ll get enough money to purchase a new TV and not just what the old TV would have been worth.

How Can I Save Money on Home Insurance?
You can save money on your home insurance by bundling your policies together. For example, you can bundle your car insurance and home insurance and save money on both. Another way to reduce premiums is to increase your deductibles. You can also opt out of additional coverages you don’t need. For example, maybe you don’t need coverage for jewelry, because you don’t have that much or you keep it in a safe at the bank.

Let Us Protect Your Home and Your Family

Let Us Protect Your Home and Your Family

At Insurance Advisors, Inc, we will create a customized solution for your home insurance in Commerce Charter Township, MI. Instead of issuing a standard policy, we will structure your homeowner’s insurance to fit your needs. Call us today and let us protect your home and your family.