The Importance of Home Insurance

When you own a home, you should never be without home insurance. It’s so important that you should have it set up so that it takes effect as soon as you buy the property. Home insurance protects you in a number of important ways. When you’re buying a home and need insurance, give us a call at CG Insurance Agency in Williamston, MI to get started. 

Property Protection

When you have home insurance, it protects your home against many different risks. It protects you in case of things like accidents, calamities, and certain disasters. When you have this coverage, and your home is damaged, the policy can pay for the damage to be fixed. Without home insurance, this would be incredibly expensive. If a home is destroyed in a covered event, the policy will even pay for the home to be rebuilt. Rebuilding would be so expensive without insurance that most homeowners wouldn’t be able to do it. 

Belongings Protection

Along with the protection for your home comes protection for everything inside it. All of your belongings in your home are covered against many different risks that can damage or destroy them. Your belongings add up to a lot of value. If you had to replace them all on your own, it would be very difficult to afford. With a home policy, the policy can help pay to get everything replaced. This allows you to get back to your normal life sooner. 

Liability Protection

Liability is a financial risk, and you need to be covered against it. If someone became injured in your home, you would be liable for all of the associated costs from the injury. When you have home insurance, it will pay those bills. 

Get Home Insurance 

When you’re in need of a home insurance policy, call us now at CG Insurance Agency in Williamston, MI.

What is a Home Inventory Sheet?

A home inventory sheet is an important tool to help you in the event that you need to make a claim that extends to your possessions. This entails creating a document detailing all the items that are in your home, as oftentimes, you won’t be able to accurately recall the entirety of the contents of your home after a disaster takes place. 

Typically, you will also include a written description with as much information as possible to accompany every entry, especially your valuables. It’s important to also record the things that are in your storage rooms or closets, and that may be located in the hallways. 

You may compile this data with pen and paper, and there also exist templates for you to use online. Your CG Insurance Agency representative can give you more specific information on this process. Additionally, it isn’t the law in Williamston, MI that you purchase homeowners insurance, but your lender will typically require it for the duration in which you carry a balance. 

Your home inventory sheet should include photos of your items, and if possible, take these from various angles. Be sure to collect receipts and to photograph these as well, as paper and ink tend to degrade over time. Gather serial numbers and other identifying codes, such as make and model classification. 

Be sure to provide your insurance agent with a copy of your completed home inventory sheet and to keep one in a separate location, such as uploading it into the cloud or another online storage unit. 

CG Insurance Agency Can Help You 

We serve the Williamston, MI area, and we look forward to working with you. Please feel free to reach out to us by phone, online, or in-person to discuss the particulars of your situation. 

Your Home Needs Protection with Home Insurance

Do you own a home? Have you got it adequately insured? If you are in doubt, let CG Insurance Agency, which covers the Williamston, MI area, review your current coverage.

Home Insurance: What You Need To Know

When purchasing home insurance, it is important to note that you must have enough coverage for replacement. If you live in an area that is prone to certain types of weather, this could be a concern. Also, if you carry a mortgage on your home, your lender will require that you have enough insurance to cover the amount that you owe. They want to make sure their interests are protected.

Homeowners insurance also protects the equity you have built in your home. Equity is the value of your property less the amount you owe. As you make improvements to the property, the equity in your home goes up. Don’t risk losing it.

Another good reason to have a homeowners insurance policy is for liability purposes. In the event that you have a guest who falls on the ice and gets injured, or your dog decides to bite a pizza delivery person, you could be faced with a costly lawsuit. Without the protection, a homeowners insurance policy provides, the cost will be borne by you.

Here is a list of things most homeowners insurance policies will not cover:

  • Flooding
  • Landslides, earthquakes, or other ground movements
  • Rats, termites, and other infestations
  • Mold
  • Dangerous or aggressive dogs
  • Poor maintenance or neglect
  • Power surges or outages
  • Home-based businesses
  • Local building ordinance that requires you to bring your home up to code
  • Intentional damage caused by anyone in the home
  • A nuclear hazard
  • War
  • Acts of government

Contact Us Today

Make sure your most valuable asset is protected. Contact the CG Insurance Agency in Williamston, MI today for a no-obligation quote or answers to any questions you may have. You will be glad you did.

Top 5 Things to Consider When Purchasing Home Insurance

One of the most important investments you will make is purchasing a home. Not only is it a large financial investment, but your home is also likely where you and your family will live for many years. Because of this, it is important to protect your home with insurance. However, buying home insurance can be confusing. But by considering the following key things, you can be sure to find the right policy for your needs.

Consult with CG Insurance Agency in Williamston, MI for expert home insurance advice and more.

Top 5 Things to Consider When Purchasing Home Insurance

1. The Value of Your Home

This is the most important factor in determining how much insurance you need. Your home’s value is the basis for figuring out the limits of your coverage and the amount you will pay in premiums.

2. Your Budget

Of course, you also need to consider your budget when purchasing home insurance. The amount you pay for premiums will be based on the value of your home, but there are ways to save money. For example, you can raise your deductible or purchase a policy with less coverage. However, never sacrifice coverage to save money.

3. The Coverages You Need

There are many different home insurance policies, each offering different coverages. For example, some policies will cover the replacement value of your home, while others will only cover the actual cash value. Make sure you understand the coverages offered by each policy before making a decision.

4. The Exclusions in the Policy

It is also important to be aware of the exclusions in a home insurance policy. Every policy has them, which can vary significantly from one policy to another. For example, some policies exclude damage from flooding or earthquakes, while others may exclude items such as jewelry or art. Be sure to ask about exclusions before purchasing a policy.

5. Limits on Claims

Another important factor to consider is the limit on claims. Most policies have a limit on how much they will pay out for any one claim. Ensure that the limit is high enough to cover the cost of repairs or replacement if necessary.

Finding the right home insurance doesn’t have to be difficult. Just make sure you keep the factors listed above in mind. CG Insurance Agency in Williamston, MI can help you find the perfect policy for your needs. Give us a call today to get started.

How to protect all the buildings on your property

CG Insurance Agency is here to meet the insurance needs of the Williamston, MI area. If you have questions, our team is here to help. Finding the right insurance policy to protect your property is worth the time and effort! 

Make sure that all buildings on your property are protected

Homeowner’s insurance comes in a variety of shapes and sizes and it can be difficult to determine which policy best suits your needs. This is especially true if you have a unique situation such as a work shed or heavy-duty shop on your property.

There are many situations where a primary policy is sufficient for all of your structures and buildings. However, this is not always the case. If you have a shop or shed on your home’s property that contains equipment, tools, or other valuable items, you may want to consider additional protection.

Because every situation is different, it’s impossible to take a "one size fits all" approach to any unique or exceptional circumstances. Protecting your property includes any unattached buildings that are located on your property. When it comes down to making sure that you are covered, it is worth the time to make sure that your policy includes the coverage you want and need.

Questions such as these are most easily answered by sitting down with your local agent to review your needs. Once your insurance needs are established, finding the right policy is much easier.

Call or stop by today!

The greater Williamston, MI area relies on the CG Insurance Agency for answers to their insurance questions. If you’re unsure which homeowner’s policy is the right fit for your unique needs, we are here to help. Get in touch with our office and schedule an appointment today!

The Eight Types of Home Insurance

The Eight Types of Home Insurance

When you purchase a home, whether an apartment, condo, townhouse, or house, if you take out a mortgage, the bank will require you to purchase homeowners insurance. At CG Insurance Agency serving Williamston, MI, we want you to understand your options when choosing coverage for your home.

Your humble adobe might not be very humble nor made of adobe, but it needs insurance. Until you completely pay off your mortgage, the bank actually owns your home. They kindly let you live there since you pay them a house payment each month and expect you to assume the risk to the home. You do that by purchasing home insurance.

The coverage your home gets depends on the type of home. For example, a historical home requires an HO-8 policy, while a recently built home purchased by a homeowner with no or few policy claims typically gets covered under a standard home policy, an HO-3.

A homeowner who has made many claims to their insurance policy typically won’t qualify for an HO-3 policy, so their home gets insured with an HO-1 policy, called dwelling insurance. This policy doesn’t cover as many perils, or natural hazards, as an HO-3 policy.

HO-2 covers more perils than the HO-1 policy. It adds perils such as accidental discharge of water and the weight of snow or ice on the roof. If you want open-peril coverage, meaning your home obtains coverage from any and every potential problem except flooding, you buy an HO-5 policy.

An HO-6 policy gets your condo or purchased apartment all the coverage it could need. While your landlord covers the public areas of the home or apartment building, your condo policy takes care of the interior of your home and your personal items. It also covers the liability you incur when others visit your home.

If you’ve been counting, you noticed HO-4 and HO-7 have yet to appear in the list. That’s because an HO-4 policy is renter’s insurance, so a homeowner won’t need it. You’ll only need an HO-7 policy if you purchase an RV or a trailer.

Contact CG Insurance Agency serving Williamston, MI, for more information on home insurance. Let us help you find the right insurance for your home.

Home Insurance Myths Revealed

CG Insurance Agency provides coverage to the Williamston, MI community. We are an independent insurance agency. We are committed to helping our clients find policies to protect their assets and navigate risks. We work closely with multiple carriers to offer our clients flexible policies. We look forward to helping you find the coverage you need to meet life’s challenges.

Home Insurance Myths

Your Williamston, MI home is one of your most prized possessions. Home insurance can help you maximize your investment. Home insurance covers your property if there is an accidental fire or your home is damaged because of severe weather. Your possessions are also covered if they are stolen or vandalized. Liability insurance is an asset. You are covered if you accidentally cause property damage or a guest at your home suffers an injury. While researching policies, avoid these common auto insurance myths.

If I Get Hurt, I’m Covered

This is incorrect, as home insurance only covers medical care if a guest at your home is injured. You will need extra coverage to protect yourself if you suffer an injury while at home.

Maintenance Issues Are Covered

You are expected to take care of your property. If your home suffers mold or termite damage, these are considered issues that could have been prevented if you perform regular maintenance on your home. You will likely be left unprotected.

All Of My Valuables Are Covered

This is not completely correct. If your luxury items are stolen or damaged, you will need extra coverage in order to fully protect those items. Consider taking inventory of your possessions once you move in.

CG Insurance Agency Will Help You Protect Your Assets

Visit our website to learn more information about home insurance.

Tips For Filling Out a Home Inventory

If your home should be subject to a fire, theft, flood, or another disaster, an up-to-date home inventory will make the situation much easier. A home inventory will be key to verifying any losses and getting your claim settled faster. It will also help you purchase the right amount of insurance.

If you would like to create a home inventory, here are some steps to get you started:

Describe each item: You will need to note the type, color, make, model, and size of each item. You should also list where you purchased the item. 

Inventory your clothing: For clothing, you don’t need to list each and every piece. Instead, you can make note of how many items you have per category — how many jeans, how many pairs of sneakers, how many dresses, etc.

Look for serial numbers: On any major items, such as large appliances, be sure to check the backs and bottoms for any serial numbers and list those numbers with the descriptions.

Your home is full of items that should be part of the inventory. This means the process is not a simple one. You’ll need to take your time moving through the process, so you don’t get overwhelmed. Consider starting with one room, one closet, or the kitchen and moving on from there. 

In addition, it’s important that you also inventory any items that might be covered by your homeowner’s insurance and that are in off-site storage. 

Finally, make sure you speak with your agent about separate coverage that is in your home and might require its own policy. This includes art and jewelry. 

Once you have a home inventory, you will be better prepared in the event of a disaster. 

Are you interested in homeowner’s insurance?
If you need coverage for your home, the expert and caring team at CG Insurance Agency in Williamston, MI can help create a plan that is best for you. Contact our office today for more information. 

How Much Home Insurance Do I Need?

Home insurance is one of the best investment decisions you will make in your life. When you buy home insurance from CG Insurance Agency of Williamston, MI, you protect your home, yourself, and family members when the unthinkable happens. While home insurance is pivotal, how do you know you have adequate home insurance coverage? Purchasing adequate home insurance ensures you avoid out-of-pocket expenses during the claim process. Here is a guide to help you determine the amount of home insurance coverage you need.

How much would it cost to rebuild your home?

When purchasing home insurance, it’s essential to plan for the worst. How much would it cost to rebuild your home in case of a total loss? To determine this figure, instead of using the cost you incurred while building your house, it’s essential to consider the cost of renovations and the cost of building your home in your area.

While you may use the cost of rebuilding your home as the home insurance value in the first year, it’s vital to keep updating your home insurance plan to factor in significant renovations and changes in local construction costs. This way, you will ensure that your house isn’t underinsured. 

What’s the value of your assets?

How much would it cost to replace your furniture, clothing, electronics, and other assets in case of damage or loss from fire, vandalism, or theft? To avoid underinsuring your personal belongings, take an inventory count of all your assets from room to room. Next, come up with a realistic cost approximation, bearing in mind how much it would cost to replace that item today.

Likelihood of being sued

Home insurance protects you against bodily injury, property damage, and legal suits for losses you cause to other people. While the default liability insurance may have a limit of, let say, $100,000, how do you know this amount is adequate? As a rule of thumb, your liability insurance should cover all your assets. Besides, you can boost your home liability insurance with umbrella insurance for optimal protection.

Are you still unsure of how much home insurance you need? Please contact CG Insurance Agency for more information. Better yet, you can visit our Williamston, MI offices to speak to one of our agents in person.

Fallen Tree Damage—Who Pays?

As a homeowner, are you responsible for the damage caused by a tree on your property that hits your neighbor’s home or other insured structure, such as a garage or shed?

In most cases, the answer is “No.”

When such damage occurs to your neighbors’ home due to forces outside your control, such as weather events, your neighbors may have to file a claim with their insurer to receive a reimbursement for the damage a downed tree or branches cause.

There is one exception, however.

If it is determined that the tree damage stems from your negligence (for example, dead limbs that you refused to cut down), then the neighbors’ insurer may come after you to recover their loss—a process called subrogation.¹

You may want to check your policy or speak to your insurance agent to ascertain if your homeowners policy covers your liability in cases of negligence.

When Neighbors Sue

Some neighbors may seek to bring legal action against you, though often that is unnecessary.

First, determine what municipal laws are in place to cover such instances. Generally speaking, you are not responsible unless you knew, or should have known, about the danger. Proving what you knew or should have known can be difficult and costly in a court of law. It typically benefits both parties to arrive at a compromise that avoids an expensive legal process.

  1. The information in this material is not intended as legal advice. Please consult legal or insurance professionals for specific information regarding your individual situation.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG, LLC, is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2020 FMG Suite.