Your Home Needs Protection With Home Insurance

Home Insurance: What You Need To Know

When purchasing home insurance, it is important to note that you must have enough coverage for replacement. If you live in an area that is prone to certain types of weather, this could be a concern. Also, if you carry a mortgage on your home, your lender will require that you have enough insurance to cover the amount that you owe. They want to make sure their interests are protected.

Homeowners insurance also protects the equity you have built in your home. Equity is the value of your property less the amount you owe. As you make improvements to the property, the equity in your home goes up. Don’t risk losing it.

Another good reason to have a homeowners insurance policy is for liability purposes. In the event that you have a guest who falls on the ice and gets injured, or your dog decides to bite a pizza delivery person, you could be faced with a costly lawsuit. Without the protection, a homeowners insurance policy provides, the cost will be borne by you.

Here is a list of things most homeowners insurance policies will not cover:

• Flooding
• Landslides, earthquakes, or other ground movements
• Rats, termites, and other infestations
• Mold
• Dangerous or aggressive dogs
• Poor maintenance or neglect
• Power surges or outages
• Home-based businesses
• Local building ordinance that requires you to bring your home up to code
• Intentional damage caused by anyone in the home
• A nuclear hazard
• War
• Acts of government

Contact Us Today

Make sure your most valuable asset is protected. Contact the CG Insurance Agency in Williamston, MI today for a no-obligation quote or answers to any questions you may have. You will be glad you did.