Looking for a Homeowners Insurance Agent?
If you’re like most homeowners in Troy, your home is your most valuable asset and should be protected as such. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands the importance of the place you call home.
Program Insurance Enterprises can help you find the best homeowners insurance that will best meet your needs and provide the most valuable combination of tailored coverage, quality service, and competitive pricing.
Regardless of whether you live in Troy or any other part of Michigan, homeowners insurance is one of the most important insurance policies you could ever own.
The difference between homeowner's insurance policies shouldn't be underestimated. It is important to note that different insurance companies offer different levels of coverage, endorsements, and riders, as well as other conditions and limitations.
Homeowners Insurance Michigan
In Michigan, it can be difficult, if not impossible, to determine how two homeowners insurance policies are different if you don’t use an independent Homeowners Insurance agent.
Whether you own or rent, you can protect yourself financially if your home is burgled, burned, or vandalized. You will also be covered if someone is injured on your property and wins a legal judgment against you.
Property owner's insurance policies vary by the losses covered, available coverages, and the type of residence. For example, you can choose between a comprehensive approach that covers fire, hail, smoke, falling objects, vandalism, and theft of personal property or a policy that covers only specified losses.
Homeowners Insurance Declaration Page
Your Homeowners Insurance Declaration Page, also known as the “dec” page, summarizes the essential information about your insurance coverage.
The declaration page includes your name, address, insured property descriptions, and premium. Also included are the coverages, limits, deductibles, discounts, relevant insurance policy forms, and endorsements of your policy.
When purchasing a home or changing your homeowners insurance policy, your mortgage company or homeowners insurance agent may ask for a copy of this document.
Common Homeowners Insurance Coverage
The following are some common coverages you'll see on a policy:
Dwelling — This portion of your policy covers the actual structure (main house). The cost to replace your home can fluctuate from time to time based on the cost of raw material and labor, and of course, supply and demand.
We'll run a replacement cost analysis on your home to see how much it would cost if the worst happened and you had to rebuild.
Other Structures — this covers any structure on your property that is not permanently attached to your house, like fencing, driveways, sidewalks, and detached buildings like sheds and garages. Usually, this coverage is 10% of whatever your Dwelling limit is, but it can be increased if you need more coverage.
Personal Property — this covers all of your personal belongings like clothing, furniture, electronics, and appliances. Anything that would fall out of your house if you turned it upside down and shook out the contents.
Loss of Use — this covers your living expenses if you need to live somewhere else temporarily because your primary home is uninhabitable due to a loss.
Medical Expense —this covers medical expenses for guests if injured on your property and sometimes covers people who are injured off your property. It does not cover health care costs for you or other members of your household.
Family/Personal Liability — Personal Liability Coverage applies if someone is injured or their property is damaged, and you are to blame. The coverage generally applies anywhere in the world. When choosing your liability coverage limits, consider how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued. In some situations, an Umbrella policy may be necessary to provide extra coverage.
Scheduled Personal Property — there are some situations where you might want special coverage for valuables or collectibles like jewelry, guns, collectibles, rugs, etc.
How to get started with your homeowners quote:
Every home is unique and therefore requires a carefully crafted policy.
If you’d like us to review your current policy and provide you with no-obligation quotes, call our office, and enter some basic information in the fields below to get started online. Either way, we make the process super simple!