Novi Homeowners Insurance

Find the Right Novi, MI Homeowners Insurance

Find the right homeowners insurance policy for you.

Among the suburbs of Detroit, Novi, MI seems to have it all. Just a half-hour drive away from the city, it has all the amenities you might expect from a city all its own. From the Twelve Oaks Mall to the headquarters of many major companies, Novi has a lot to offer, not to mention its relatively mild weather and tranquil setting.

For the residents of Novi, home insurance is very affordable, but you still have to shop around if you want the best price. That’s why an Independent Insurance Agent is essential. Since these agents aren’t tied to one company, your agent will obtain multiple quotes from different agencies so you can compare them to find the lowest cost for your home and your lifestyle. Given your agent's expertise, you will always be covered with the right insurance.

It isn’t just Novi – home insurance is very affordable across Michigan. On average, homeowners spend $1,034 per year across the United States for insurance, but it only costs $802 here. The state ranks 37th overall in cost, thanks largely due to a lack of natural disasters, such as severe weather. Your own home insurance is based on your situation, and many things other than location go into determining your rate, such as these factors:

  • Home's age - An older home will need more upkeep.
  • Type of construction - Wooden homes require more maintenance than a brick home.
  • Claims history - More claims will make your premiums more expensive.
  • Risk factors on the property - Swimming pools and trampolines are the factors.
  • Credit score - A low credit score indicates a high risk.

No matter what your home’s situation, some carriers have lower rates than others based on the factors they consider to be the most important. Your Independent Agent will find the Novi home insurance that is right for you.

Novi Second Home and Vacation Home Insurance

There are some people who maintain a second home here in Novi for business reasons, although vacation homes are not common. You may want to insure a second home for less than your primary home in order to save money, possibly by not insuring the contents fully. If you opt for doing this, you are taking on the risk yourself in case of any loss from disaster or theft. As long as you know the liability, it may be your better option. Because no one is there to watch it all the time, your second home may be more expensive. If you have a gated community or another security system, some companies will give you a discount on second home insurance.

Number of Thefts in Michigan

While home insurance in Michigan is relatively inexpensive, there are more burglaries than an average state, as shown in the statistics from recent years:

  • The average state had 37,814 burglaries.
  • Reported thefts were 56,344 in Michigan.

There are ways you can save on homeowners insurance if you need to. One way is to cover the cost of the contents of your home at current value, which depreciates with time, as opposed to the full replacement cost. If you are willing to pay for full replacement coverage you aren’t taking on the risk yourself and may be able to have your life back together much quicker, so it may be worth it to you. Your homeowners insurance always pays for damage to the property from a break-in.

Number of Catastrophes in Michigan

There are very few catastrophes in Michigan, due largely to relatively mild weather and few natural disasters.

  • In recent years, 301 catastrophes were reported in Michigan.
  • The same year, nine tornadoes were sighted in the state.
  • Though relatively uncommon, catastrophes caused $1.8 billion in damage.
  • 1 in 15 insured homes has a claim every year.

Though catastrophes such as storms are rare, they do cause a tremendous amount of damage. The right carrier can help you get back on your feet quickly. The best insurance for you is about more than simply an affordable price, it’s also about good coverage and quick settlement so that you can recover from a catastrophe.

What Are the Risks in Novi?

Like any other city, Novi and Oakland County have unique considerations for homeowners insurance that vary from one place to the next. For example, a trampoline or tree fort may be an “attractive nuisance” that has to be protected in case someone is injured and files a suit. Some areas of the city have higher crime than others, so it may be important to have protection against theft. If your home is in an area that is prone to flooding, you also have to have separate flood insurance, which is handled completely separately from regular homeowners insurance.

Compare Novi Home Insurance Quotes

The most important thing to do is to review your needs with an Independent Insurance Agent. Our Agents take the time to get to know your property and your lifestyle to find the best homeowners insurance for your budget. Because they live here in Novi, they know the conditions and reliable insurance carriers and can help you find the policy that is right for you.

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