Home Insurance

For most of us, our home is our biggest asset. Let Bronson Business help provide you the insurance coverage you need for your most valuable possessions. As with auto insurance, there are a few things to consider that will affect what you’ll pay in premiums for your homeowners’ insurance.

Bronson BusinessAside from the amount of coverage on your policy, there are other factors that will determine how much you pay. They include:

Fire protection class: Do you live in a larger city or a more rural area? Do you live in town, close to the fire department and fire hydrants, or do you live in the country? These factors determine your protection class.

Age: Newer houses have newer electrical, plumbing, heating, and roofs, which lower the risk, and the cost of homeowners’ insurance.

Wood stove or Pellet stove: The insurance company will require an inspection of these kinds of stoves before providing coverage to ensure it has been properly installed, and there may be auxiliary heating surcharge on the premium.

A few of the typical kinds of coverage included on most homeowners’ insurance policies are:

Dwelling
This refers to the actual house structure. This part of the policy will pay to repair or rebuild your home if it is damaged or destroyed by perils listed in your policy.
The dwelling portion of the homeowners’ policy should typically cover the replacement value of the home, which is how much it would cost today to totally rebuild the home if it were completely destroyed. This amount is different (an often more) than the market value, which is how much you paid for the home.

Other Structures
Most standard policies also cover structures that are not attached to the home, such as garages, sheds, gazebos, and the like. Typically the coverage amount for these other structures is 10 percent of the dwelling amount. If you need more coverage, you may purchase additional limits.

Personal Property
This refers to belongings inside and around your home. We recommend personal property coverage be 70 percent of the dwelling amount, in order to get replacement value for your belongings that are damaged or destroyed. If you do not have replacement value for the personal property and have a loss, the property could be depreciated.

Additional Living Expense
This pays the additional costs for living away from your home during a period of time after your home is damaged or destroyed from an insured disaster. It covers such things as hotel bills, restaurant meals, and other living expenses you incur while your home is being repaired or rebuilt. This portion would also pay for loss of rents you may have if you are renting out a portion of your home.

Personal Liability
This portion of your policy protects you against lawsuits for bodily injury or property damage caused by you or a family member to someone else. The liability portion of your policy pays for both the cost of defending you in court and any court awards, up to the limit of your policy. Standard policies start at $100,000 of coverage, however we recommend that you start with at least $300,000.

Medical Payments
If a friend or neighbor is injured while at your home, he or she can submit their medical bills for the injury to be paid rather than file a liability claim against you. Standard Medical payments start at $1000.

Make sure your most valuable possession is properly insured and protected for years to come. Bronson Business will help you select the best coverage for your home sweet home. Call today for a free quote!

  • Westfield Insurance
  • The Hanover Insurance Group
  • Safeco Insurance
  • Blue Cross  Blue Shield Blue Care Network of Michigan
  • Cna Surety
  • Foremost Insurance Group
  • Progressive