You’re in the right place if you’re looking for the most competitive Michigan home insurance quotes We make the process of locating and comparing all your options efficient and so simple that anyone can do it with just a few keystrokes. Comparing is really the best way to make sure you are getting a good premium price, because carriers can have vastly different ways of pricing and discounting.
What most have in common, though, is that virtually all major carriers provide a discount if you have all your different types of insurance with them. This is called “bundling” and it is an incentive to place all your policies, including auto and life, with one carrier.
Insurance premium incentives
Other incentives are also possible. If you are a new customer, some carriers will discount you. If you are a longer-term customer, some will give you a loyalty credit. If it sounds like there is a discount for everyone, well, you might be right.
Once you begin looking at your options, you’ll see that one of the most significant discounts is that provided for a good, monitored home security system. These so-called “burglar alarms” have been shown to cut the risk of theft, so it is in a carrier’s best interest to provide customers an incentive to install them. You might be able to find a company that will install free as long as you sign up for monthly monitoring. That is key.
One other reason discounts are helpful is that some customers will have to buy extra coverage. An example is flood insurance, which is normally not included in a standard policy. Additional riders are necessary for valuable possessions. These could include high-priced electronics equipment, pricey jewelry, valuable collections and antiques. The best thing to do is to make a list of all your high-ticket items and make certain they are covered in one way or another.
Keep an inventory for home insurance
Make a folder to keep all receipts for appliances, carpets, jewelry and other things and put it in a safe place. You should also do an inventory and either photograph or videotape your valuables. This will be very helpful in the event of a claim.
When customers ask how much insurance they should have, there is no answer that fits everyone. You want to be sure that all of your possessions are adequately covered and only you can determine what that means.