Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Farmers Insurance Agent in Waterford, Michigan Offers Insurance Tips for Homeowners: “Auto Insurance” “Flood Insurance” “Liability Insurance” “Disability Insurance” “Life Insurance”
Congratulations on the purchase of your new home! Now that you're unpacked and settled in, you should think about evaluating your insurance needs. You probably already have homeowner's insurance as this was a requirement of your mortgage company, but is it enough to protect you? Get this business out of the way now and enjoy life in your new home.
You most likely have a mortgage on your home, so your lender required a certain amount of insurance coverage in the event of a loss. If your home were to burn to the ground, would you be able to write a check to cover the balance due on the mortgage or to rebuild? Of course not! This is just one reason you carry homeowner's insurance. The minimum coverage you must have to satisfy your lender is a policy in the amount of the appraised value or the purchase price of the home. But have you thought about your furniture, appliances, clothing and other belongings? How do you replace everything you own should there be a fire or theft? These are things to consider when purchasing homeowner's insurance. An experienced insurance agent will ask you about your assets and calculate ... more
Are you on The Rain? Grow Your Network!