Home Insurance

For many people, buying a home is likely to be the single most important financial investment they’ll make in their lifetime. Therefore, it is imperative to cover a home with homeowner’s insurance!

No matter if you buy a home in Saginaw, Bay City or Midland in Michigan, the Heritage Wise Group can gladly assist you in securing the best homeowner’s insurance for your house.

Every home suffers damage or a loss of some sort, whether it is from an accident, crime, storm or other reason. As a homeowner, you cannot foresee or predict these things, but you can surely protect yourself financially. Procuring coverage for all of the risks homeownership entails is a shrewd thing to do.

Homeowner’s insurance provides coverage for losses suffered from burglaries, fires, storms and personal liability. Separate policies are typically required for earthquakes and floods.

Home liability coverage protects a homeowner in the event another person is hurt on your property, as well as when another person’s property is damaged by you. At times, homeowner’s insurance can even protect a homeowner when they are at fault for an injury suffered by someone off their property. Plus, homeowner’s insurance is capable of paying for repairs, lawsuits and medical expenses.

When attempting to estimate the correct of amount necessary liability coverage, the Heritage Wise Group advises its clients to speak with it directly in regards to their limits and deductibles. We also advise homeowner’s to thoroughly understand all of their risks and determine under what affairs they will be covered.

While homeowner’s insurance isn’t required by law, lenders typically will demand it when someone is attempting to obtain a loan for the purpose of buying a home. Essentially, the home is the collateral and lenders prefer to see it properly maintained and appreciated. Also, lenders prefer insurance in order to have a peace of mind knowing a homeowner is capable of paying for repairs when an insurable loss takes place.

As a homeowner, it’s wise to expect a lender to prefer a policy is more than the total that is owed on the loan. Many homeowners also usually wish to have enough funds to repair or replace their home. The Heritage Wise Group can aid you determining how much insurance fits your specific needs, plus all of your questions on potential policies can be answered.

Securing the right amount of homeowner’s insurance depends on several factors, including the location of your home, coverage needed for personal belongings and household deductibles.

Additionally, homeowners can opt to attach an umbrella liability policy to their homeowner’s insurance plan, plus replacement-cost home insurance to provide coverage for home replacement and personal items. Finally, a homeowner may also add direct coverage for jewels, as well as for art through endorsements and riders in their homeowner’s insurance policy.

Contact the Heritage Wise Group today at (989) 781-3010 to start crafting your homeowner’s insurance plan!