Dearborn Homeowners Insurance

What Your Dearborn Homeowners Insurance Policy Needs

Find the right homeowners insurance policy for you.

The former home of Henry Ford and the current world headquarters of Ford Motor Company, Dearborn, MI is the eighth largest city in Michigan. This city has a lot to offer its approximately 100,000 residents, including employment prospects; access to exceptional health care services; a wide range of shopping options; and exceptional cultural, environmental and visitor attractions. 

There are also opportunities for higher learning, as this city is home to the University of Michigan, Dearborn Campus; Henry Ford Community College; Kaplan Career Institute; ITT Tech; and Sanford Brown College. If you are one of the many proud homeowners in this vibrant city, you will want to be sure to protect your investment with a suitable Dearborn home insurance policy.

If you are looking for affordable coverage for your home, comparison shopping is a great way to be assured that you are getting your policy at a competitive rate. Independent insurance agents in our network can make shopping for great coverage easy. These agents are able to accumulate a selection of customized Dearborn home insurance quotes from a variety of competing providers so that you are able to find the best policy to meet your coverage and budgetary needs. Find an agent near you to learn more.

  • National yearly premium average: $1,034
  • Michigan yearly premium average: $802
  • 37th most expensive premiums in the U.S.

On average, homeowners in Michigan pay significantly less for their home insurance coverage than most residents across the nation. Of course, prices for coverage can vary significantly from one homeowner to the next. The figures listed above can give you a general idea of what your costs might amount to, but the only way to get your actual rates is to request quotes from insurance companies. These companies take a number of factors into consideration when they calculate your Dearborn home insurance rates. Your costs can be influenced by several factors, including such things as these:

  • The age, value, and rebuilding costs of the house you wish to insure
  • The amount of property coverage you need
  • The use of the house you are insuring: primary residence, second home or vacation home
  • The ZIP code where the house is located
  • The amount of your deductible
  • The presence of a swimming pool or other liability hazard on the property
  • The presence of a designated “dangerous breed” dog on the property
  • Your claims history and credit score

Each insurance company has its own method for calculating rates, so you are likely to get different quotes from each one you contact. This can help you save money on your already relatively low Dearborn homeowners insurance rates.

Second Home and Vacation Home Insurance

If you own more than one home, each property needs to have its own home insurance policy. Vacation homes may have different weather conditions to contend with, and they have increased risk of problems such as break-ins, water damage and rodent infestation if they are left empty and unattended for long periods of time. Second homes that are used as income vehicles through rent need to be covered by a landlord insurance policy. Your agent can help you determine the coverage needs for each property you own and may even be able to get you a discount by bundling the coverage for your additional properties with the same carrier that offers your primary Dearborn home insurance policy.

Number of Thefts in Michigan

  • National number of burglaries: 37,814
  • Michigan number of burglaries: 56,344

Burglary rates in Michigan are significantly higher than the national average, but Dearborn is a low-crime area. In recent years, residents of this city reported a total of 399 burglaries. That is about 4.16 burglaries for every 1,000 households – well under that year’s national average of 6.11 burglaries per every 1,000 homes.

Though the threat of burglary is not large in this city, it still exists. You can reduce your risk by installing burglar alarm systems and motion detection lighting. Doing so may even earn you a discount on your Dearborn homeowners insurance coverage. Unfortunately, not all property crimes are preventable, so if you do experience property loss or damage because of a burglary, you can turn to your Dearborn home insurance company for compensation.

Number of Catastrophes in Michigan

  • Number of catastrophes in Michigan: 301
  • Number of tornadoes in Michigan: 9
  • Amount of property damage in Michigan: $1,880,370,000
  • 1 in 15 insured homes has a claim each year

Your Dearborn homeowners insurance compensates you for losses associated with many extreme weather events and other disasters such as property crimes, house fires, falling trees, and other hazards. It is important that you ensure that your property has sufficient coverage to enable you to rebuild and start over if you experience a total loss.

This means having not only enough structure coverage to rebuild your home but also enough contents coverage to cover all of your belongings, such as clothing, furniture, and appliances. Your agent can help you determine whether actual value coverage or replacement value coverage is a better option for you and can advise you if special endorsements are needed to cover collectibles or other particularly valuable property you may own.

What Are the Risks in Dearborn, MI?

Storms and tornadoes pose a significant threat to Dearborn properties. The risk of tornado activity in this city is 27 percent higher than the national average. One of the worst to strike this city was an F4 twister that touched down 4.5 miles from the Dearborn city center in 1956. It injured 22 people and caused a great deal of property damage. Most home insurance policies include storm and tornado damage as part of their standard coverage, but some policies may require you to purchase a special endorsement in order to be fully covered against tornadoes. Your agent can help you ensure that the policy you choose provides sufficient coverage against these hazards.

A more significant threat to area residents is that of flood damage. In recent years, this city experienced a historic flood that damaged 40 percent of the homes and buildings in the area. What many homeowners were dismayed to learn at that time is that home insurance policies do not cover flood damage. In order to be covered against this expensive threat, you need to supplement your Dearborn homeowners insurance policy with flood insurance through the National Flood Insurance Program (NFIP). Your agent can help you purchase this important and necessary coverage.

Compare Dearborn Home Insurance Quotes

The only way to be certain that you are getting your Dearborn home insurance coverage at a competitive price is by requesting and reviewing costs and offerings from a few reputable insurance companies. Unfortunately, many consumers find this process to be too time-consuming and inconvenient. That is why savvy Michigan homeowners turn to agents in our network for help. These independent agents are free to work with a variety of highly-rated insurance companies, so they can quickly and easily collect a selection of customized Dearborn homeowners insurance quotes that you can review and compare together. 

Find an agent with an office in or near Dearborn to get started.

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