Your home is the biggest investment in your life. The average house price in Michigan is $174,000, and it's predicted to rise another 4.3% in the next few years, according to Zillow. If something happens to your home, you need insurance for the replacement cost. That's why Winthrop & Gray Company works hard to provide home insurance.
Here's what you need to know.
There are no legal requirements for home insurance, but your mortgage lender will require you to purchase insurance. We ensure we send an insurance declarations page to your mortgage company so they don't place force-placed insurance. This includes coverages for liability, medical injury, and structural damage.
You'll want enough insurance to cover at least 80% of the value of a typical mortgage. That's just the minimum though. Many people choose 100% replacement coverage, along with adding endorsements for belongings and other coverages. You can choose replacement value, repair cost, or actual cash value.
There's no limit to how much homeowner's insurance you get. Be sure to protect your family, belongings, and structure. Also consider endorsements for tree and debris removal, other plants, or even flood insurance, if necessary.
Insurance is what protects you in the event of a loss. Whether it's fire or burglary, your insurance company should be at your fingertips via phone, email, or in person. You need a local insurance agency.
Winthrop & Gray Company is Michigan's independent insurance agency. We provide online quotes from the best insurance companies in the country. We're a full-service insurance agency, so you can bundle your home insurance with a full line of insurance products we offer, including flood, auto, and more.
Find out why more people in Michigan choose Winthrop & Gray Company for their home insurance needs. We'll assess your home value and provide quotes from a variety of insurance companies to suit your needs.