A typical homeowners insurance will cover damage to your property or it can also cover damages that occur on your property. Sorting through all the differences in what is covered can feel overwhelming and complicated. There are some ways to narrow down choices when you are shopping for insurance. Comparing things like costs, premiums, and what is covered is a good way to compare policies.

If you are looking for insurance for your home, Phil Klein Insurance Group in West Bloomfield, MI can help.

Premium vs deductible

Deductibles are simply the amount of money that is deducted from your insured losses. The premium is paid each month or year to maintain coverage. These are usually balanced in a way that if one is higher in cost, the other is lower. It is important to discuss how these two factors are calculated and affected by large natural disaster events.
Coverage

Based on where you live and specific policies available in your area, there are many options for types of coverage. Standard homeowners insurance may not cover certain events and separate policies may be required to make sure you are covered. Natural disasters, vandalism, and home plumbing emergencies are just a few typical occurrences that may or may not be covered.

Liability limit

Liability is part of homeowners insurance that covers damages or injuries to others on your property. This can vary between policies based on the exclusion of certain scenarios and events. This is one of the fine print details that can be good to look at when comparing policies.

It can feel a bit challenging when comparing home insurance policies. There is a lot of fine print, but researching what policies are available in your area can help you make good decisions. Phil Klein Insurance Group in West Bloomfield, MI can help with your home insurance needs. Agents will be happy to discuss the details of what is most important to you as far as coverage and cost.