Home insurance is not required by law. However, if you have a mortgage or you take out a home equity loan, your lender will require you to have it. Given its proximity to lakes Superior, Michigan, Huron, and Erie, this state sees more than its fair share of lake-effect rain and heavy snow, leading to property damage. Michigan also has a significant risk of tornadoes, severe storms, and damaging winds. Homeowners insurance protects the investment you have made in your property against these hazards.
The average cost of home insurance in the United States is $1,173 a year. The good news for Michigan property owners is that, at an average of $908 a year, this state has some of the lowest home insurance rates in the country. Rates can be influenced by many factors, including the size, age, and value of your home and the crime rate and weather risks in your ZIP code. Comparison shopping lets you find the best price for a policy that meets all your coverage needs.
We were looking for a homeowners insurance for our home purchase and selected TrustedChoice based on the insurance market. Their reps explained what their insurance is and it was successful. The process was easy and we got the results we were looking for, I will be using them from now on.Logan of Detroit, MI Consumer Affairs
Your homeowners insurance is designed to cover the costs associated with many of the hazards you face as a property owner in Michigan. Whether your property has been damaged by an accidental fire, a severe weather event, or vandals, you can rest assured that your homeowners insurance coverage can prevent you from facing a large financial loss.
Floods, landslides, and mudslides are not covered by homeowners insurance. If you are at risk for these hazards, be sure to talk to your insurance agent about adding flood insurance and difference in conditions (DIC) insurance.
There are currently 899 independent insurance agents in Michigan who are ready to help. Because independent agents are free to work with several different insurance companies, they can save you time and money by comparison shopping on your behalf. Let a local agent help you review a variety of customized home insurance quotes so you can choose the policy that offers the right coverage at the best price.