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Michigan Home Insurance

Michigan home insurance offers property damage coverage for your home. When you purchase a home with a mortgage loan, the majority of mortgage lenders require Michigan home insurance for the duration of the loan. For this reason, it is necessary to know what options you have and to make the right choice regarding your Michigan home insurance.

Michigan Home Insurance Policies

The most basic policy, known as a HO-2 policy, covers damages caused by fire, smoke, hail, wind, falling objects, theft, vandalism, vehicles, aircraft, frozen pipes, a sudden cracking, and overflowing steam from air conditioners and water heaters. The broad and more popular Michigan homeowners insurance called the HO-3 offers bodily injury liability coverage for your home. But not all perils will be covered with your Michigan home owners insurance. It is important to review your “exclusions” section of your policy for what may or may not be covered.

Michigan Home Insurance Coverage

In Michigan, heavy snowfalls can debilitate the region. With heavy snow comes damage to roofs (from the added weight), ice damage, and hail storm activity. But in the summer months, if you live near a river, stream, or lake, it is important to know that flood damage will not be covered by your Michigan home owners insurance. A homeowner with the risk of a house flooding must buy additional flood insurance. It is important to review your policy to ensure you are being adequately covered for the evident perils in your location.

Michigan Home Insurance Rates

The rates for Michigan home insurance can vary by county to county, even when the policy is bought through the same company. For instance, in Cheybogan an HO-3 policy on a single family home, with $100,000 policy limit and market replacement value, the premium would be $1,370 through one insurer. The same home in Detroit would cost $2,578 to insurance annually from the same insurer. For this reason, many find the need to know the average homeowners insurance rates in their area before committing to buy a home.

Saving Money

If you have a high premium rate and would like a reduction, there are some fundamental things you can do. The higher crime rate areas usually have higher premiums due to increased burglary risk. A homeowner can increase a home’s security by installing an alarm system, deadbolts, and even fire protection measures such as smoke detectors. These additions will garner a rate reduction through most Michigan home insurance providers. Before buying your Michigan home insurance, it is good practice to get numerous quotes from companies, as rates can fluctuate between providers.

Michigan Department of Insurance

Financial and Insurance Services
P.O. Box 30220
Lansing, MI 48909
(517) 373-0220
(877) 999-6442


For other Michigan Insurance Resources, See:


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