Tecumseh Home Insurance

Some mortgages require home insurance, while other lenders don’t require you to carry coverage. Don’t go without Tecumseh home insurance, as you could risk financial ruin in the event of a disaster. There are a few coverages that are essential for homeowners:

• Dwelling protection
• Liability coverage
• Medical payments coverage

Dwelling protection covers any damage to your building in the event of a pre-approved peril. There are two key areas of this coverage that you need to clarify: the types of perils that are covered and the replacement value. Most homeowners choose to receive full replacement value. This means that, in the event of a fire or other disaster that completely destroys your home, you’ll receive enough capital to have it completely rebuilt. Be sure your policy covers typical perils, such as fire and vandalism.

Liability coverage is used if someone is injured on your property. Don’t let a terrible accident make you take responsibility for medical costs. Enjoy peace of mind, regardless of who’s at fault.

These coverage options come in various policies, so compare them for yourself and ask your agent to discuss your options with you carefully. Be confident that you have the coverage you wish at the premium you love.

These additional features help you enjoy full coverage, but aren’t always necessary. Determine the best option for your Tecumseh home and work with your insurance agent to see if these areas of coverage are important additions:

• Personal property coverage
• Additional living expenses coverage
• Additional structure protection
• Flood insurance

Personal property coverage keeps your belongings safe. If you’ve invested in quality furniture, artwork, clothing or other personal property, the last thing you want is for fire, theft or flooding to ruin them. This coverage compensates you for any damage up to a predetermined personal property value.

If you have a detached garage, tool shed or garden shed, be sure it’s covered in your home insurance. These additional structures often aren’t covered by your original policy, so any damage that occurs won’t be covered. Ask your agent about adding coverage for your additional structures.

Living expenses coverage assists you with living expenses if you have to leave your home. In the event of a disaster, your home won’t be safe for you and your family. Add this coverage to pay for expenses as you find emergency accommodations as your home is restored.

Finally, flood insurance is an addition you may want to consider in Tecumseh. If you live near Lake St. Clair or the Detroit River, your home may be at risk of flooding. Many Tecumseh home insurance policies don’t cover this specific peril, so find out if you can add it to your policy.

Ask your agent if these additions are suitable for your situation. Each added point of coverage may affect your monthly premium, but failure to include essential protection could put you at risk of a major expense in the event of an emergency.

Your home may increase in value throughout the years, particularly if you make any improvements. Stay in contact with your insurance agent and discuss your Tecumseh home insurance policy as you make any alterations. Significant additions, remodeling projects or other home improvements could increase the value of your home beyond your insurance policy.

In that case, you may not receive full replacement value if your home is damaged. Keep your policy up to date to reflect the value of your property and enjoy any premium discounts.