Tag Archives: Home Insurance Michigan
For most of us, Labor Day means the end of summer. Whether you are a seasonal homeowner or a snowbird, now is the time to winterize your home. So before you head South or stay in your Michigan home, plan accordingly to avoid damage and expensive repairs in the spring.
To assist you in this process, here is a helpful checklist:
Now is the time to make sure your coverage is still adequate in light of decreasing home values and rising replacement costs for housing.
Often, homeowners are not aware that the amount of insurance coverage they need is actually greater than the initial amount of their mortgage—or their current property value. The insurance you buy for your home should be directly related to the cost of rebuilding it. This relationship, called insurance to value, or ITV, is especially important now since home values in general have decreased, while the cost of replacing, rebuilding, or demolishing existing properties have risen.
“The oil to fry the turkey was too hot and too full. Once the turkey went in, the oil bubbled over, caught the paper tablecloth on fire, and lit the grass on fire. The grass fire then ignited a pile of fireworks, which were supposed to be on the porch. This in turn led to one huge fireball, screaming crying children who will probably never recover from the panic that was set throughout, which then led to the roof catching on fire.”