Essential Things to Know About Your Homeowners Insurance

Answering commonly asked questions about home insurance.

As a new homeowner, you want to do everything in your power to protect your home, belongings, and loved ones.  The best way to safeguard the people and things that you love most is by securing comprehensive homeowners insurance in Detroit, Michigan.  But what do you really know about this coverage?  Here are the answers to some of the most common home insurance questions.

What does homeowners insurance cover?

Standard homeowners insurance is designed to cover two main things: your property and your liability.  This means that your policy will cover damages to your home and belongings.  Additionally, your policy will also offer coverage if you are liable for third-party injuries or property damages.  Typically, policies will contain a list of perils that they cover.  For instance, your policy likely offers coverage for the following:

  • Fire
  • Lightening
  • Wind
  • Hail
  • Explosion
  • Smoke
  • Theft or vandalism
  • Pet liability issues
  • Injuries that take place on your property

Do you really need homeowners insurance?

In short, yes.  If you own a home, then you need homeowners insurance to protect the physical structure of your home, your personal belongings, and your personal liability.  Without homeowners insurance, you would be left to cover the cost of damages and losses all on your own.  As most people do not have the savings to cover these risks, mortgage lenders actually require homeowners to carry some minimum level of home insurance.

What should you look for in an insurance company?

When you start shopping for home insurance, it’s important that you consider policies from multiple carriers.  The insurance provider that you choose should demonstrate excellent customer service and in-depth knowledge about the industry.  You should also seek out independent insurance agents as they have access to coverage options from multiple carriers.  When you work with an independent insurance agency, you have a better chance of finding a policy that suits your needs and budget.

These are some of the essential things to know about homeowners insurance, in Detroit, Michigan.  Do you have more questions about this essential coverage?  If so, then contact the experts at CIA Insurance and Risk Management.  Our dedicated team is eager to assist you today.

Post written by Sam Crudo, Chief Executive Officer

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