If you own a home, you need insurance. While this may seem like just another task to handle and bill to pay when you purchase your property, it is important not to take it lightly. Getting the right amount of insurance is very important. Homeowners Insurance in Howell MI protects your investment in case of a storm, theft, or the accidental injury of one of your guests. Buying too much insurance is a waste of money, and not buying enough can leave you unprotected. This is why it is so important to have an agent who understands your needs and can help you determine how much your home and personal belongings are worth.
Experts recommend that you purchase enough Homeowners Insurance in Howell MI, to replace your home if it is a total loss. This number will not be the same as the value of your property or the amount of your mortgage because those also include the land. An experienced homeowner’s insurance agent, such as Cobb-Hall Insurance, can help you figure out the replacement cost of your house. You could also work with a professional appraiser to get an estimate of what it would cost to rebuild your home. Of course, the estimate you receive will be based on current costs so it is vital to get your home reassessed every few years to ensure you still have enough insurance to cover the replacement costs if you should need to rebuild.
It is also very important to take an inventory of your personal property. Since your belongings are also covered under Homeowners Insurance in Howell MI, an accurate estimate of the value of your jewelry, artwork, and clothing will ensure you are able to replace things you lose in the event of a fire, storm, or burglary. Having a list of the valuable property in your home can help you file your claim. Relying on your memory of what you had in your house can put you at a disadvantage if your home is ever burglarized and you need to tell the police and your insurance company what was stolen. You can learn more about Homeowners Insurance in Howell MI by visiting us online at Cobbhall.com.
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