| As an
Independent Agent, I can offer competitive rates
by quoting your Michigan home with several
different companies.
Insurance rates
vary by replacement cost of home, location,
coverages , credit and claims history.
Dwelling Coverage-
Coverage A on
your policy is determined by the replacement
cost of your home. This coverage pays damages to
the dwelling. Partial losses can be covered on a
replacement cost basis,
also. Actual Cost Value (ACV) coverage may be
provided when necessary.
Other
structures Coverage
Coverage B on
your policy-Coverage amount automatically 10% of
your Dwelling coverage. This coverage pays for
damage to structures detached from your home on
the property insured. Example: Detached garage,
shed, barn. An endorsement may be added to
increase this amount for more adequate coverage.
Personal Property
Coverage C on
your policy- Personal property coverage
generally is 50% of the Dwelling coverage on an
ACV (actual cash value) basis. Personal property
Coverage pays for damage or loss of personal
property within the dwelling and or other
structures. Endorsements may be added to policy
to increase coverage to 70% and to add
Guaranteed Replacement Cost coverage.
Loss of
Use
Coverage
D on your policy, Coverage amount also varies by
company. Generally this coverage is 20% of the
dwelling amount, however some companies offer an
actual cash value. Loss of use coverage pays for
the expenses you incur while residing elsewhere
during the repairs of your home resulting from a
loss.
Limits of Liability
Coverage E on
your policy- Liability coverage protects you
against claims for injuries to others or damage
to the property of others caused by your
negligence. Some medical expense coverage and
legal defense costs are also provided. Coverage
amounts vary.
Medical
Payments
Coverage F on
your policy- Med Pay provides coverage for
necessary and reasonable charges from an
accident.
Endorsements to Consider:
Personal Property Replacement Cost-Personal
property coverage is provided without deduction
of depreciation.
Extended Dwelling Replacement Cost-provides
extended coverage beyond the Dwelling Coverage
limits. Extended coverage varies by company from
25% to Guaranteed Replacement.
Identity Theft- provides coverage for
expenses incurred as a result of identity theft.
Covered expenses include loss of wages and cost
incurred by the insured to repair the damage
caused by the theft or improper use of their
credit records. Coverage amounts vary.
Back of
Sewer and Drains Coverage-provides
coverage for loss caused by water which backs up
through sewers or drains, or water then enters
into and overflows from within a sump pump or
sump pump well. Coverage amounts vary.
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