Home Insurance
Your Michigan Homeowners Insurance Agency
There are better ways to protect your castle than with a moat. We inspect every property to ensure we're providing the right type and amount of protection.
From the home itself to other structures to personal property and ancillary expenses, we do our homework to ensure the elements of your homeowners' protection are appropriate.
Give us a call today to get a customized home insurance quote.
Why Are Homeowners Insurance Rates Increasing?
We’ve heard from homeowners lately that their homeowner’s insurance rates are increasing. There are a few factors that play into this.
One factor is that some carriers use premium payments to pay for covered claims. When a company is setting premiums, they have to estimate how much money it will cost to repair or replace homes.
Home insurance carriers often give significant consideration to past home insurance claims submitted by the homeowner as well as claims related to that property and the homeowner’s credit.
If you're insuring a home that had multiple claims in the last few years, then that could impact your home insurance premium.
Other home insurance rating factors may include location to fire protection, building material, security systems, the condition of the home, and more.
Have questions about selecting the right home insurance coverage for you? Contact us today; we look forward to meeting you and helping you protect those who matter most.
Condo Insurance
While condo insurance and home insurance are similar, there are some key differences between them. Condo insurance can have the following optional coverages:
Loss Assessment Coverage
This could help protect against paying out-of-pocket for a special assessment the association issues for expenses related to an insurance claim.
Dwelling Coverage
This coverage helps pay to repair or rebuild the physical structure, usually a condominium's interior spaces.
Liability Coverage
Accidents can happen. This coverage may cover the related legal and medical costs if someone is injured while visiting your condo and you are found responsible for the incident.
Personal Property Coverage
This coverage will help protect your belongings as well as help pay to repair or replace them. This is important to have as the condo association master policy’s coverage will usually not extend to your personal property.
Why Renter’s Insurance Is Beneficial
No matter if you’re renting an apartment, house, or condo, renter’s insurance will help protect you, your belongings, and living arrangements after a covered loss.
Although multiple endorsements are available, renter’s insurance has three major components:
- Personal Property: The cost to repair or replace your personal belongings, such as clothes, electronics, and furniture
- Liability: This covers costs if you accidentally hurt someone or something, including guest medical bills, should a non-renter get injured within the rental space, and you‘re found responsible for their injuries or damages.
- Additional Living Expenses: This covers costs if you accidentally hurt someone or something, including guest medical bills, should a non-renter get injured within the rental space, and you‘re found responsible for their injuries or damages
Renter’s insurance policies allow you to choose how much coverage is needed for your specific situation. Have a question? Just ask us!
At Insurance Network Agency, we bring decades of experience working with homeowners and renters throughout Michigan to help them get the coverage they need. To do so, we work with the leading carriers to provide our customers with the best coverage at the best price.
Let us do the heavy lifting; contact us today to get started.
ARE YOU PROTECTED?
Our agents are ready to ask the right questions to help you get the best coverage at the best price. Request a proposal now.