Purchasing home insurance is never straightforward, even for seasoned homeowners. With many home insurance policies, it’s never easy to know the right home insurance to buy. Premier Insurance Agency understands you may not be confident when renewing or shopping for home insurance. Here are handy tips to help you before heading to the market.
Understand the different home insurance policies
Home insurance isn’t one broad policy — it’s broken down into several policies. It’s a good idea to understand various policies to help you know the ones best suited for your current needs. Home insurance is pretty standard in the US, although it may differ slightly in some states. However, the different home insurance policies you might come across include dwelling, personal assets, liability coverage, and loss of use.
Not every type of damage is covered.
It’s good to understand what’s covered by your home insurance, but it’s equally important to understand what’s not covered. This way, you can better understand add-ons you can consider to boost your home insurance.
A home inventory really helps.
Relying on your memory can fail you terribly when insuring your personal assets. To ensure everything under your possession is insured, conduct a room-from-room inventory count. Always update this inventory list as you add and dispose of your belongings.
Consider the deductible
A deductible is an amount you pay before the insurer compensates you. The higher the deductible, the lower the premiums. Similarly, the lower the deductible, the higher the premiums. Always weigh both options and settle for a deductible you are comfortable with.
Home insurance in Michigan
Want to learn more tips about home insurance? Please call or email Premier Insurance Agency for more information. Better yet, you can pop into our Detroit, MI office to chat with one of our sales agents in person.