Do You Need Home Insurance in Michigan?

Whether you owe money to a bank or mortgage company for the purchase of your home or do not owe anything at all on it, the state of Michigan does not require you to have home insurance in place, but it is a good idea to have a home insurance policy in place anyway.

Home Insurance Coverage

A home insurance policy can help to repair or rebuild your home if it is destroyed or damaged by a fire, a natural disaster, or an act of vandalism.

A home insurance policy will cover the structure of your house as well as outbuildings, including decks and sheds. The policy can also cover your personal belongings, such as your appliances, clothing, household items, and furniture. If your home is robbed, your home insurance policy will help cover the cost of things that are lost. If someone is injured due to a fall or other incident while visiting your property, your home insurance policy can help cover the costs of any medical bills that are incurred.

Your insurance agent at Bachmann Insurance Agency in Flushing, MI can explain to you some of the other home insurance-related policies that you can choose from in addition to your main home insurance policy, including flood insurance and earthquake insurance. If your property is located in an area that is prone to earthquakes or flooding, it is important to have these types of coverage options in place along with your main home insurance policy.

The agents at the Bachmann Insurance Agency in Flushing, MI are ready to assist you with all of your home insurance needs. Call for a quote or to make an appointment today and get your home insurance policy started.

Questions to ask when buying home insurance for the first time

Everyone has their own version of how their home should run. The same applies to buying home insurance in Flushing, MI.  While it may not be all fun as choosing the furniture and paint colors, your home depends on your home insurance for protection. It is a financial safety net that offers you the peace of mind you need in the event of a disaster. That’s why you need to know everything about your policy before buying it. Bachmann Insurance Agency recommends asking critical questions regarding your coverages, limits and other insurance regulations. Here are a few examples.

How much would it cost to rebuild my home in the event of a total loss?

Like the house value, the cost to rebuild varies from one house to another, and it changes with time. Your home insurance should cover the cost to rebuild in the event of a total loss. Your insurance provider should assess your neighborhood to know the cost of labor and construction materials.

What happens if someone gets injured in my home?

Many people don’t understand how the liability coverages in their home insurance policies work. They end up spending money on medical bills for guests or friends who get injured in their homes. Your home insurance covers every visitor who visits your home. In case of a slip and fall, you can call your insurance company for reimbursement.

What happens when I file an insurance claim?

When you file a home insurance claim, a series of events will follow depending on the details surrounding your loss. You can expect to receive some forms that you should fill as soon as you receive them and welcome an insurance adjuster to assess the damage.

Not sure where to buy home insurance in Flushing, MI?  Bachmann Insurance Agency has you covered. We provide you with all the details you need to make informed decisions when buying home insurance. Feel free to reach out.

Do I need home insurance when I don’t have a mortgage

When you signed on to your mortgage many years ago, the end seemed like it would last forever. Now that you have made your last payment, you are free from the burden of paying it every month. You needed to maintain home insurance when you didn’t own your home outright, but now you don’t have a mortgage, you no longer are required to insure it. It is tempting to save the money you would pay for home insurance. At Bachmann Insurance Agency in Flushing, MI, we are independent agents who work tirelessly to help our clients find the right insurance for their needs and wallet. 

Home insurance offers many benefits to homeowners. Even if it isn’t legally necessary to have it, practically, it is an excellent idea. Your home is one of your largest assets. It is where your family memories reside and you as well. Beyond a sentimental attachment, financially losing your home and everything in it would be a devastating loss. If you could easily repair any damage your home might sustain and replace the contents, then you don’t need home insurance. If it would be a hardship to spend hundreds of thousands of dollars, maybe it is a good idea to maintain home insurance. 

Beyond just the replacement value of your home and contents, home insurance provides liability coverage. This protects you if someone in your household causes bodily damage or damage to the property of another. Your insurance will cover a costly lawsuit and the legal costs associated with it. Home insurance also provides loss of use protection and makes sure you have someplace to stay while your home is damaged and uninhabitable. Home insurance may not be required, but it is too valuable not to have. 

Contact Bachmann Insurance Agency in Flushing, MI and let us help you with all your insurance needs. 

 

Homeowner’s Insurance for First Time Homebuyers

Buying your first home is an exciting journey. There will be many things to think about and plan as you make this big purchase. One of the most important considerations you will need to make during this time is purchasing homeowner’s insurance. Homeowner’s insurance is a crucial investment you will make into the security of your future. At Bachmann Insurance Agency, serving Flushing, MI,  we love to take the opportunity to educate our clients on these crucial topics. Keep reading to find out what you need to know about homeowner’s insurance. 

Why is the Homeowner’s Insurance Important 

Your home will likely be one of the most significant financial investments you will make. Protecting that investment is very important to your financial security. In most states, maintaining homeowner’s insurance is required by law. This is to make sure homeowners are not left vulnerable in the face of natural disasters, burglary, and other damage. 

What Does Homeowner’s Insurance Cover?

In most cases, a homeowner’s insurance policy will cover damage to your home or property caused by fire, natural disasters, and burglary. It is vital to note that most homeowner’s insurance policies do not cover flood damage. Flood insurance is often a separate insurance policy. You will want to talk to your insurance representative to discuss flood insurance if this is a concern for you. 

In addition to these coverages, homeowner’s insurance will also cover liability if someone is injured at your home or on your property. If someone is injured at your home or on your property, you could be held liable for their expenses. This can be damaging financially. Liability insurance will protect you from this damage. 

If you would like to learn more about homeowner’s insurance, please contact our friendly staff today at Bachmann Insurance Agency, serving Flushing, MI.