Roseville Homeowners Insurance

Your Complete Guide to Roseville, MI, Homeowners Insurance

(Be sure to protect the investment you have made in your home)

The City of Roseville is home to more than 48,000 people. This city has a lot to offer its residents including employment opportunities, a number of recreational programs and activities, and affordable housing. If you have purchased a house in Roseville, you can protect your investment with a comprehensive homeowners insurance policy.

Independent insurance agents in Roseville can help you find a comprehensive, yet competitively priced, insurance policy to cover your home. Find an insurance agent near you to get more information and to start reviewing a selection of customized quotes.

How Much Does Homeowners Insurance Cost in Roseville, MI?

To get an idea of how much a policy will cost you, let’s look at some averages:

  • National average yearly premium: $1,173
  • Michigan average yearly premium: $908

The average homeowners insurance rate in Michigan is lower than the national average. This is great news for area homeowners who are looking for an affordable policy.

Of course, your quoted costs can vary from the figures listed above because home insurance rates are based on several factors such as:

  • The age, size, and value, of your house
  • The number of stories your house has and whether it has a basement
  • The crime rate and common weather hazards in your ZIP code
  • How much coverage you are purchasing
  • Your claims history and credit score
  • The amount of your deductible

If you bundle your home insurance with other policies such as car insurance or life insurance, you can often get all of your coverage at discounted rates. An independent agent in Roseville can help you find the right home insurance policy to meet both your coverage and your budgetary needs.

Roseville Homeowners Insurance Covers Your Property

Homeowners insurance is designed to cover loss or damage to the structure of your home (dwelling coverage) as well as to the personal property you keep inside it (contents coverage).

You will want to be sure that your coverage limits are high enough to allow you to rebuild, repair, or replace damaged property if your home is impacted by a damaging event like a fire, burglary, or a severe weather event like a windstorm, electrical storm, hailstorm, or a tornado.

Catastrophic Events in Michigan

  • Number of federally declared disasters in Michigan: 41
  • Most common causes of disasters in the state:  Floods and severe storms
  • Average number of tornadoes per year in Michigan:  14.7
  • Average amount of property damage per year in MI:  $1.16 billion
  • 1 in 15 insured homes has a claim each year.

Be aware that home insurance does not cover against flood damage. This is true even if the flooding is the direct result of a covered storm.

Homeowners in designated flood zones or with properties near any of this city’s drainage canals are most at risk, but when heavy rains fall, flash flooding can happen just about anywhere.

That is why you may want to supplement your home coverage with an affordable flood insurance policy through the National Flood Insurance Program (NFIP). Talk to your insurance agent to learn more and to get help securing a policy.

Homeowners in Roseville Need Liability Insurance

Homeowners insurance does more than just cover your property. It also provides you with a significant amount of personal liability insurance.

Homeowners liability coverage is designed to absorb expenses like court costs, legal fees, and damages when they are associated with a covered liability lawsuit. Examples of times that you may need to use this liability insurance include if:

  • A visitor to your home suffers a serious head injury when damage to your deck causes it to collapse.
  • You accidentally cause serious injuries to a friend during a friendly game of softball at Veteran’s Memorial Park.
  • Your child leaves the gate open and your dog gets loose and bites a delivery person.
  • An area business takes issue with a scathing review you posted online and threatens to sue you for libel.

Your local insurance agent can explain this coverage in greater detail. Also, if you want to have even more liability coverage than your home insurance company can provide, your agent can help you secure an affordable umbrella insurance policy as well.

Homeowners Insurance Covers against Property Crimes in Roseville

The burglary rate in Michigan is lower than the national average. However, in Roseville, the risk is higher. There are approximately 400 burglaries reported in this city every year.

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Michigan: 3.99
  • Number of burglaries per 1,000 homes in Roseville: 2.01

Of the many preventive measures you can take to lower your risk of being targeted by burglars, home security systems are among the most effective. That is why many insurance companies offer discounts to policyholders who use them.

If your house is broken into, you may find it comforting to know that your homeowners insurance can provide you with compensation for your losses. Your local insurance agent can help you review your policy’s contents coverage to ensure that your most valuable belongings are fully covered.

What about Insurance for Second Homes and Vacation Homes?

If you are among the Roseville residents who owns more than one house, your extra property will most likely have additional risk factors that insurance companies will take into consideration when they calculate your rates.

Depending on certain details about your second home, you may be required to purchase specialized home insurance coverage.

For example, if you own a multi-family house nearby that you rent out to young couples, your liability and property damage risks will be higher than they are for your primary residence. That is why this type of home would need to be covered by landlord insurance.

On the other hand, if you own a winter vacation house in a warmer climate, and the property is left vacant and unattended for several months out of the year, your insurance provider will likely require you to carry vacant home insurance during the times that property is unoccupied.

A local insurance agent can help you review the coverage needs of your secondary properties and can help you find the best home insurance coverage for all of them.

Why Work with an Independent Insurance Agent in Roseville, MI?

Independent insurance agents are available to help you with all of your insurance coverage needs. These agents can provide answers to your insurance-related questions and can help you find the best and most affordable homeowners insurance policy for your Roseville property.

Contact an insurance agent with an office near you to learn more. You will soon discover how easy it can be to compare customized, competitively priced home insurance quotes from a variety of top-rated insurance companies.

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