Insurance Resource Agency provides personalized insurance for first time home buyers. When buying a first home, you may be new to the insurance buying process. We make it easy and stress-free, while educating you so that you can make a wise buying decision. Starting with your new home, Insurance Resource Agency also provides all of the other insurance products you may need.
New Homeowner Common Questions:
What is the right amount of coverage?
The answer to this question will always vary. However, one of the main things to remember is that the amount of insurance to cover your new home is often not the same as the amount that you pay for the home. Insurance should cover the amount to rebuild the home, which is usually not exactly the same as the market value of the home.
Does it make sense to bundle my home, auto and other insurance together?
Most of the time, the answer to this question is ‘yes’. Depending on your situation, most companies will offer additional discounts for every policy that you purchase through them.
What other discounts should I be looking for?
There are quite a few discounts available, and you can count on your Insurance Resource of Michigan agent to help uncover them. Typical discounts include good driving record, claims free history, and group discounts which can be given for belonging to certain groups or associations (ie. Credit union member, alumni association, etc.).
What is the best way to pay for my insurance?
While there are typically many different pay plans available, many companies offer discounts for paying in full. You can also include the homeowners insurance payment in your escrow account. This means that your insurance will be included in your mortgage payment and you can still receive the benefit of the paid in full discount.
How often should I expect to hear from my insurance agent?
You can expect your Insurance Resource of Michigan agent to send you regular tips regarding insurance and risk management. Annual insurance reviews and responsive service will ensure that you have the right coverage in place when you need it.
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