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Atlas Insurance Agency

520 E. 4th Street
Royal Oak, MI 48067

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Confused About Home Insurance? Here’s Your Guide

You are a busy person. Understanding the nitty-gritty of policies like home insurance may be too much to ask of you. We understand because insurance can be a challenging topic for most people. Luckily, if you partner with a knowledgeable insurance agent like Atlas Insurance Agency of Southeast Michigan, we can make home insurance a simple topic to digest.

Here is what you need to know about home insurance:

Home insurance covers more than your building

Most people know that home insurance covers the building structure. While this is true, home insurance covers more than your building. Standard home insurance covers the assets inside your home. It also protects you against liability claims and covers loss of use if your home has been rendered unlivable by a peril listed in your policy.

Home insurance has exclusions

Like most insurance policies, home insurance has limitations and exclusions. Your standard home insurance won’t cover damage arising from:

  • Floods
  • Earthquakes
  • Pest and mold infestation
  • Intentional damage
  • Government actions
  • Sewer back-up

If you want to protect your home against the above risks, it doesn’t mean you can’t do it. Talk to your insurance agent about “add-ons” to boost your home insurance.

Update your home insurance

Most things in life aren’t static — home insurance isn’t an exception. Ensure that you update your home insurance at least once a year. This ensures you are paying the right premium and that your current insurance needs are covered.

Also, update your home insurance if you undertake significant renovations, add a dog, or start a home-based business.

Buy sufficient home insurance

Do not underinsure your home because disasters can strike when you don’t have enough cash to repair your home. Always consult with your insurance agent to buy enough insurance.

Want to learn more about home insurance in Southeast Michigan? Please get in touch with Atlas Insurance Agency for more information.