Home Insurance in Michigan

Homeowners insurance is one of the most popular insurance policies in Michigan. It helps provide financial security for your home, valuables, and loved ones. Shield Insurance Agency recommends buying adequate home insurance to protect your investment.

What is Home Insurance?

Home insurance is a type of property insurance that protects your home and loved ones from damage, theft, injuries, and other perils. The policy also covers the cost of accidental damage to other people’s properties or injured parties in your home. It is an essential policy particularly for mortgage home buyers as almost all mortgage companies in Michigan require borrowers to carry home insurance for the full value of the house.

What Does Home Insurance Cover?

Every homeowner has unique insurance needs, and that’s why the cost is different for every buyer. However, there are common coverages that every homeowner needs, which are covered under the basic home insurance policy. It costs more for additional coverages or increased limits. If you are buying home insurance for the first time, we suggest that you get help from an insurance expert to help you choose coverages that best fits your needs.

Home insurance typically covers:

• The structure of the home
• Other structures
• Your personal belongings
• Liability for damage or injuries that happen in your home or property.

How Are Home Insurance Rates Determined?

Insurance is all about risks. Most insurance companies in Michigan assess the risk level in your home to determine your rates. For instance, if you live in a crime-prone area, your insurance rates will likely go up. Companies also check other factors such as the number of people living in that house, the natural disasters around the area, the cost of the home, and many other things.

Need help buying home insurance in Michigan? Shield Insurance Agency is always ready to help you find a policy that fits your budget, style, and preference. Don’t wait till a costly accident drains your pockets to buy home insurance. Feel free to drop by for more information, quotes, or new policy discussions.