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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.
To quote your
homeowner insurance I will
need the following
information:
- declarations page (coverage page)
- Dates of Birth of named insured's on the policy
- Loss History (note a loss history report will be run prior to a policies issuance)
Should my
coverage and premiums be
superior to your current
coverage I will then obtain
further information on your
home. Such as sq footage and outside/inside features.
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. |
