Quick Guide to Michigan Homeowners Insurance

Whether you are a new or veteran homeowner, purchasing a home is a big investment. It’s an investment compose of years of hard work and late nights at the office; your home is your prize possession.

Taking care of your home goes beyond marble counter tops and hardwood floors. It’s important and often required to protect your Michigan home with Homeowners Insurance. For most first time buyers, the term “homeowners insurance” leaves their eyes glazed over. Multiple numbers and a succession of terms like “claims” and “liability coverage” runs passed their heads and into the gutter. Although each insurance company has their own policies specific to them, the general basics of purchasing homeowners insurance is virtually consistent across all companies.

Purchasing homeowners insurance is an additional cost that many neglect to factor in their expenses. Before you start shopping around for an agency and policy that’s right for you, read our homeowners insurance guide. It will help you formulate questions and provide you a basic understanding of Michigan Homeowners Insurance.

What is homeowners insurance and what does it cover?

Homeowners insurance provides coverage for your home and your belongings in the event your home is damaged or destroyed.

There are various homeowners insurance policies. Each policy differs in both and amount of coverage. Before signing on any dotted line, ensure that you have chosen a policy that is right for your home and your finances.

What does a typical homeowners insurance policy covers?

• Damaged to your home’s interior and exterior
• Loss or damaged to your personal belongings
• Personal Liability for damage or injuries
• Hotel Rentals if your home is being repaired

What are the different types of coverage?

• Actual Cash Value
• Replacement Cost
• Guaranteed or Extended Replacement Cost

 What does a standard homeowners insurance policy typically not cover?

• Pools, Fences and Outbuildings
• Jewelry, Wine Collections, Antique Cars, and Fine Art
• Damaged incurred as a result of floods, earthquakes and poor maintenance

With an asset as important as your home, it’s important that you have just the right insurance coverage to protect your investment. At Capital Insurance we can make sure you have the homeowner’s coverage that’s just right for your home.

What will your Policy Cost? Get a free rate quote.

Let us put together the best possible policy for you, at the most competitive price we can find. We work with some of the most respected carriers in the country, and once we have your information and the features you want to be included, we can start putting together the right plan for you. Call 888 296 0418 today about our Michigan homeowner Insurance programs.