The more you understand about home insurance, the better equipped you will be to deal with it. Great Lakes State Agency in Lansing, MI is here to help.
Here are three facts about the subject that you may not be aware of:
Your Insurer Needs to Have a Good Reason to Drop Your Coverage.
We hear about insurers abruptly terminating coverage, but the truth is that they are required by law to provide a reason. An insurer who is careless about dropping a customer may face heavy fines and lawsuits as a result of their efforts.
You Can Reopen Old Claims
You may be able to reopen a claim even after you’ve been reimbursed in some cases. Often, you won’t know the full extent of the damage until repairs begin, in which case you may be able to get supplemental payment from your insurer.
Your Insurer May Limit Your Deductible
Different insurers have different limits. Typically, most insurers will not allow you to set your deductible higher than $1,200. Lower premiums result from higher deductibles and vice versa. But, of course, there has to be a limit somewhere — both for the sake of your insurer and for your own. You don’t want to file a claim only to discover that your deductible is several times the amount of your damages.
You don’t have to be an expert, but it’s always a good idea to do some research before spending money on something. This is especially true for home insurance.
Reach Out To Us
To learn more about home insurance or to get a free quote, contact Great Lakes State Agency today. Our agents are proudly serving the Lansing, MI region and can help answer any and all of your insurance-related questions. Call us today to find a policy that best fits your needs!