Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.
Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners' responsibility.
It is important to know that homeowners insurance is meant to cover unexpected damage, not routine maintenance. Ask your agent to talk about what is covered and be sure to read your policy so you know exactly what's included and what is not.
4 Tips for purchasing home insurance in Michigan
Homeowners insurance can differ with each company. When it comes to one of your largest investments, talk to your agent and customize a homeowner’s policy that fits your needs.
1. Back up of sewers and drains
One of the most common homeowner claims in metro Detroit is water damage from sewer back up or sump pump failure. After taking a quick inventory of your basement, talk to your agent about carrying adequate limits.
2. Home replacement cost
Many homeowners get replacement cost and market value confused. It’s imperative to insure your home to full replacement cost. Adequate limits insure there’s enough to pay for labor cost, raw material and debris removal. Also be sure to have extended replacement cost included to cover unexpected increases.
3. Jewelry, artwork and collectibles
Standard homeowners’ policies limit coverage for these items in the event of a theft, so be sure to review your policy for all sub-limit amounts. It not only increases the amount of insurance for your items, but it also broadens your coverage.
4. Wind and hail deductible
Many companies are using separate deductibles for wind and hail damage. Reviewing your policy with an agent can help prevent surprises in the event of a loss.
My husband & I have been customers with E.W. Smith for over 15 years. We decided to go with their agency because my parents had been with them since I was a child and they had nothing but wonderful service with them. I'm also one to always "shop around", but because of the amazing service and great rates we have never had to. My agent has been our agent for all these years and has always given us exceptional customer service and made us feel like family. I have spoken to many other people in regards to their insurance companies, especially after the recent basement floodings, and E.W. Smith & Auto-Owners came out shining in comparison to their stories. I'm still amazed at their instantaneous response in handling our claim. Thank you, E.W. Smith & Auto-Owners. Your customer service is unprecedented!
EMILY S., SOUTHGATE, MI
You can use our quick and easy quote form to begin your home insurance quote. If you would like to speak to one of our insurance professionals you can either call one of our local offices.
Additional information on homeowner insurance:
5 Ways to save on auto insurance
Renter's need home insurance too
See how you can get ID Theft coverage on your home policy
Do I need flood insurance?