Michigan Home Insurance Explained for First Time Homeowners

When you are a first-time homebuyer, you are out of your mind with excitement. With so much going on, it can be easy to get so overwhelmed with paperwork that you don’t pay much attention to the details. For your home insurance, there might be a lot going on that you just weren’t aware of.¬†

At Premier Insurance Agency, we want Detroit, MI first-time homebuyers to know the fine print of their first home insurance policy.  Here are some things to keep in mind as you purchase your first home.

Pick Someone You Trust to Watch Your Home

There are certain conditions that you need to be aware of with your home insurance policy when you are buying a home. One of those conditions is that your home can’t be vacant for a long time. If you are going away for any length of time, you’ll be required to have someone check on it on occasion in order to keep the policy valid.
 
This is for more than just watering the plants. You’ll want them to check the pipes, make sure that the house is secure, and check to see if there are any major problems like a rodent infestation or issues with the home.

Don’t Be Afraid to Put Honest Values on Your Contents

A lot of people just don’t know how much their belongings are worth. When you add the TV room alone to your list, the values are significant. It is possible that you have stuff that you have had for a long time, and you are inclined to lower the value. Be honest about what you have.

If you have been given things like furniture, it still has value. Take a complete inventory before you set the values of your contents. You may be lowballing it or doing the opposite. Be sure you know what you have and what it is worth.

Maintain Your Home Regularly 

Maintenance is key when you have a home, and your home insurance company is going to want you to stay on top of things. You can’t let your roof go until it’s in shambles, and you want them to pay for a new one for example. Make a checklist for weekly, monthly, and seasonal checkups, and stay on top of it.

Get a Quote

When you are buying home insurance for the first time, make as many lists as you can. This is the policy that is going to protect everything that you have worked for. At Premier Insurance Agency, we want Detroit, MI homeowners to be ready for this exciting new journey. Give us a call for a quote today.