Since you’ve spent a sizeable sum on your house, you’ll want to protect it against fire, theft, hurricanes, and other disasters via home insurance. Unfortunately, many first-time homebuyers are clueless when it comes to adequate home coverage.
In her Forbes.com article, consumer reporter Caroline Meyer talks about four common homeowner’s insurance mistakes, the foremost of which is underinsuring your home.
Meyer also points out that many homeowners assume flood insurance is already included in their policies. After all, insurers often reimburse damage arising from other natural disasters. In reality, though, flood insurance is a separate coverage that you have to pay extra for.
A home is a long-term investment, so be prepared for any unwelcome eventuality that might befall it. You can talk to a trusted broker who will help you find the kind of homeowners insurance in Michigan that perfectly suits your needs.