Home insurance: Which coverages should I focus on?

A home insurance policy is a valuable investment for any homeowner in Marshall, MI. It covers a wide range of perils that could easily leave you broke. While there is no way of determining which accidents can happen in your home, it is prudent to focus on the coverages that matter to you most. How? Great Michigan Insurance can help you understand your policy and catch missing opportunities. So, which coverages should you focus on?

The dwelling

This coverage typically covers the floor, roof, and walls from damage. Some of the perils covered include windstorms, smoke, and fire damage. The dwelling coverage does not just protect the structure but also covers the plumbing, wiring, and heating & cooling systems. If you have a big compound with a detached garage, shed, and other structures, you may want to consider buying the other structures coverage to protect those structures.

Personal property

One of the reasons why many of us purchase home insurance is to protect its contents. Personal property includes Appliances, clothing, furniture, and electronics. It also covers personal items like clothes and shoes. If you have priceless items or items of high value like artwork and jewelry, you may want to get them a separate coverage that will adequately cover them.

Liability

Getting sued nowadays is a new norm. You can be sued for just about anything in this society, and your home is no exception. A visitor can sue you for a slip and fall; a neighbor can sue you for a dog bite their son got from your pet, you can even be sued if your son’s or daughter’s friend drives while intoxicated after a party in your home.

Home insurance saves you money that you would have otherwise spent to fix damages or losses. For all your insurance needs in Marshall, MI, contact Great Michigan Insurance today!

Your home and personal possessions likely represent your largest assets. As such, it is important to protect the things you’ve worked your entire life for. Look to insurance professionals that understand the nuances of home insurance to identify how this type of policy can protect you.

If you’re financing the purchase of a home, your lender will require you to obtain homeowners insurance. Even if you don’t finance the purchase, it is still important to get coverage to protect your financial investment. You also want to protect your personal property up to the coverable amount stated in your policy. There are different types of home policies in Michigan depending on your situation and risk profile.

Types of home insurance include:

• Broad
• All-risk
• Renters
• Condominium

Broad coverage covers damage to your dwelling and possessions from specific risks identified in your policy. All-risk coverage, however, covers your dwelling and possessions from a larger number of risks, except for threats specifically excluded in the policy. When you visit Great Michigan Insurance in Marshall, MI, you can explore these policies and decide the right amount of coverage given your budget and net-worth.

Whether it is receiving money to replace lost and stolen possessions or having portions of your home repaired in instances of a covered peril, home insurance can protect you and your family. Do not let unforeseen problems disrupt your everyday life – get insurance now.

Home insurance is a necessity on multiple levels and can give you peace-of-mind. To learn more about the benefits of home insurance, please contact Great Michigan Insurance in Marshall, MI today. We are ready to help you mitigate risk and hedge financial exposures.