Home Insurance in Michigan
Congratulations! There is no state better to own a house than the Great Lake State. But even as you enjoy your newfound investment, you must consider home insurance. Homeowner's insurance shields you from seen and unforeseen risks that can plunge you into a financial mess.
Are you ready to get started with home insurance? Please contact the Mitten Heritage Fraternal Society of Insurance in Berrville, MI for an affordable quote.
Is home insurance mandatory in Michigan?
No Michigan law requires you to invest in home insurance. However, if you have a mortgage from a federal-regulated lender, they may insist you purchase home insurance. But whether home insurance is compulsory or not, homeowner's insurance is a must-have investment.
Home insurance coverages
Home insurance isn't a one-size-fits-all coverage. It comes with numerous coverages, including:
- Dwelling insurance: This coverage protects your home structure from perils like fire, theft, and certain natural disasters. Besides, this coverage protects other structures like the fence and swimming pool at an additional premium.
- Liability insurance: It shields you and your family members when accused of causing property damage or bodily injury to third parties. Also, it pays for legal costs should third parties sue you.
- Personal property protection: This protects your valuables such as clothing and furniture from damage or loss against various perils. However, for high-value items like jewelry, you only get limited protection from home insurance. However, you can purchase a "rider" to boost your coverage.
- Loss of use coverage: What would you do if your current home is damaged, rendering it unlivable? You will probably call friends or relatives for temporary shelter. But because this can inconvenience you, loss of use coverage can put you in a hotel or a dwelling similar to yours until your home becomes habitable again.
Are you shopping for home insurance? Don't hesitate to contact Mitten Heritage Fraternal Society of Insurance in Berrville, MI for an affordable quote.