Need Insurance in Pleasant Ridge, MI?
Moving to a new home? Searching for better policies on home, life, or automobile insurance? Concerned about risks facing your family, loss of property, or damage to your belongings? Or maybe you just want rate comparison information on your existing coverage? Whatever you need, we’re here to help.
High-Value Home Insurance
Student Housing Insurance
Specialty Dwelling Insurance
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If you’re a new resident in Pleasant Ridge, Michigan, take the time to set up your new insurance policies. Insurance laws, policy options, and minimum coverage requirements might be different in Pleasant Ridge than what you’re used to, and you don’t want your coverage to lapse. Our agents are standing by to help you find the best way to keep yourself and your family protected during your transition to a new home.
Below, you’ll find a collection of important information about Pleasant Ridge as well as a tips on how to make sure you get the greatest value from your new insurance policies.
Pleasant Ridge Life Insurance
How Important is life insurance?
For many families, life insurance is one of the most important financial considerations they will make. It provides your family with protection in case something should happen to you. Life insurance can also be used for financial goals like saving for college or purchasing a home.
How much life insurance do I need?
First, consider what life insurance does. Life insurance pays a death benefit to your designated beneficiaries when you die. This can be used to help ease the financial burden of losing a loved one and ensure that a family’s standard of living doesn’t suffer because of it. Life insurance can also be used to pay for expenses that would result from the death of the insured person, such as funeral costs or debts left behind.
Life insurance can be taken out by an individual who wants financial protection against untimely deaths and can be useful in providing for dependents. The term “life insurance” generally describes types of coverage that pay a benefit only upon the death of the insured person, although some do offer payment on diagnosis of certain diseases.
When should I get a life insurance policy?
Some people believe life insurance should be purchased at birth; others want to wait until they are out of debt; still others will not consider it until their children are grown up or about to leave home. Many people feel that if they do not have dependents, they do not need life insurance.
What happens if you pass on without life insurance?
If current debts don’t exceed the value of your assets, your family will have enough money from your savings and investments to pay them off. But what about future needs for college tuition, weddings, a first home? Life insurance can provide protection for those expenses.
Who should consider buying life insurance?
Anyone who has others depending on him or her financially or emotionally should consider buying life insurance. Many single people with no children buy life insurance because they want to make sure their parents are provided for if something were to happen to them. Other good candidates for life insurance include:
- A new parent who wants financial protection for their new child or children
- A breadwinner with a stay-at-home spouse who would have difficulty supporting the family on his or her own
- Someone paying off debts that exceed his or her assets, such as student loans or credit card debt
Before one decides to take out a policy it is important to know the basic differences between the different types of policies available. There are four main categories: term life insurance which is pure protection with none of the frills, whole life insurance which combines protection and savings, limited pay life which provides protection but pays benefits for a limited number of years and level premium payment options where the premiums remain level over the selected time period.
Some people will prefer term life insurance because this covers only the risk of dying during the period of protection and does not build up a cash value which can be used later. Others will opt for whole life policies because they combine protection with an investment element. Everyone should consider how much coverage is needed, when to start applying, what type of policy best suits their needs and whether it would be helpful to buy multiple policies.
Our agents can help provide you with important insights into your life insurance policy that you might otherwise miss, so contact us today for a free consultation.
Home Insurance in Pleasant Ridge
If need a new homeowners insurance policy but you need to keep your insurance premiums as low as possible, you should know that our agency proudly offers the most affordable rates in Pleasant Ridge and throughout the nearby zip codes of 48067, 48220, 48237, and 48070.
Do I really need a homeowners policy?
The short answer is yes, you do. Homeowners insurance is a package policy that protects against financial loss if your house suffers damage, whether that damage is due to natural disasters, negligence, or criminal intent. If you own a home and want to protect your investment, homeowners insurance can shield you from having to pay costs associated with damage from fires, hurricanes, automobile accidents, theft, and much more.
While a homeowners policy may be more expensive than condo or renter’s insurance coverage, homeowners insurance is an absolute must for anyone who wants to fully protect his or her home.
What is a standard homeowners policy? What does it cover?
A traditional homeowners policy will cover you against most types of damage to your home and its contents. Generally, homeowners insurance covers the following perils:
- Fire or lightning
- Damage resulting from smoke (but not loss of use)
- Windstorm or hail
- Aircraft or vehicles (such as an auto collision with your house)
- Riot or civil commotion
- Vandalism or malicious mischief
- Theft, including theft of appliances, flat-screen TVs, and other window coverings
- Damage from produced water or oil from a drilling operation on your property
- Sudden and accidental damage from artificially generated electricity (such as voltage surges)
- Weight of ice, snow, or sleet that causes a home to collapse
- Theft by a person legally on your property if the house or certain valuable items are left unattended
- Loss of glass from wind, hail, and other natural forces
Is there anything this policy doesn’t cover?
Homeowners should be aware that a standard, out-of-the-box policy will not likely cover floods or earthquakes, but there are many different ways to attach this coverage to a new or existing policy.
Is there anything else I should know about homeowners insurance?
Think of your homeowners insurance contract as a legal agreement with the insurer, which means both sides should fully understand what exactly is spelled out in the agreement that’s being signed. Homeowners insurance is not one-size-fits all, and policies vary widely from company to company. It’s important that you do some comparison shopping before settling on a policy and that you find an agent you trust to help you parse the details of your policy.
It’s also important to remember that you’re not limited to choosing just one insurance company when it comes time to purchase a homeowners policy. You can talk with several different companies in order to get the best rate possible for your coverage, or to compare rates and see who can give you the best deal.
But remember: Once you’ve chosen an insurer, you usually have to stick with it for the life of your policy. It’s crucial that you understand the terms of your insurance contract and ask questions if anything is unclear.
Our agents take your needs seriously, and we want to make sure you understand all the details of your homeowners insurance before you sign on the dotted line. Talk to us now to find out how to get the best rates on homeowners insurance.
For more information about Michigan insurance visit: https://www.michigan.gov/difs/.
Business Insurance (Commercial Insurance) in Pleasant Ridge
Why do I need business insurance for my company?
If you own a business, there are many potential hazards that can leave your business with serious legal and financial problems. These issues most often stem from the safety of your company’s employees, its customers, property, equipment or other assets.
As a business owner, it’s important to understand the various insurances you may need and why.
Business insurance protects your employees, property and finances if something unexpected happens on or off your premises. It is usually not optional – most states require at least some types of business coverage for all businesses operating within their borders.
At minimum, you will likely be required to have workers’ compensation insurance. At a maximum, you may need multiple policies from several different carriers to adequately protect your entire enterprise and all of your assets.
What does business insurance cover?
While there is no single standard business package, it is possible that you’ll need some combination of the following types of coverage:
- Property Insurance – Covers damages or losses in your office space
- General Liability Insurance – Protects against lawsuits for bodily injury or property damage
- Business Owner’s Policy (BOP) – A combination of property and liability insurance
- Professional Liability Insurance – Also known as errors and omissions, this type of coverage protects you against claims that you have made mistakes or failed to fulfill your obligations
- Umbrella Insurance
- Employment Practices Liability Insurance
- Commercial Auto Insurance – Covers the vehicles your company uses to do business, including company cars and small delivery trucks
- Workers’ Compensation Insurance – Provides benefits for employees injured on the job in exchange for mandatory employee injury reporting requirements
- Directors and Officers Liability Insurance (D&O)
- Business Interruption Insurance
- Key-Man Insurance – Life insurance for business partners or key employees that names the company as beneficiary
- Cyber Liability Insurance
- Directors and Officers (D&O) insurance
- Employment Practices Liability (EPL) insurance, also known as an errors and omissions policy
What else do I need to know about business insurance?
In addition to understanding the different types of coverage, it’s important for business owners to be aware that some insurers may require a waiting period before you can start a claim. This is a standard industry term that means that your policy won’t pay any claims during the first year, even if the damage was covered by your plan.
Don’t assume that one insurance will cover all of your potential losses – be sure to ask about the exclusions, conditions and limitations that apply before you buy. Some business owners are under the misconception that they can just file a claim through their home insurance if their business is unprotected, but this doesn’t work in most cases. As always, read any contracts or policy documentation carefully before you sign on the dotted line.
What’s the next step?
Establishing a comprehensive set of policies to protect your business from the unknown is a complex and sometimes frustrating task. That’s where Heidi Kussurelis Insurance comes in. Our agents excel at assisting business owners in determining the ideal amount of coverage while keeping premiums as low as possible.
To start the process of fully protecting your business, contact us today for a free consultation. You’ll be glad you did.
Pleasant Ridge Condo Insurance
What is condo insurance?
A condominium is a type of property ownership in which the unit owner holds legal title to an individual unit within a multi-unit complex, known as the “common elements.” Condo insurance provides coverage for losses to your individual unit or other units you’re responsible for.
Condominiums are often attached side by side with party walls between units but are sometimes stacked. The individual units are often referred to as “condos.”
People who own a condominium often rely on the association that oversees the common area to take care of major problems, such as roof repair. But if something goes wrong within your unit—a pipe springs a leak or thieves break in—you’ll be on the hook for repairs. Protect your investment by purchasing condo insurance, which covers damage to your unit and its contents.
Do I really need condo insurance?
Condominium owners are not automatically required to have condo insurance. However, there are benefits to consider before declining this valuable coverage:
• Your personal assets may be at risk if your unit is damaged and the condominium corporation can’t pay for it.
• The condominium corporation’s insurance doesn’t cover some big claims such as floods or earthquakes.
• The condominium corporation’s insurance may not cover water damage from burst pipes or fires from faulty electrical wiring.
• If your unit is rented, the landlord’s policy won’t protect you if a tenant gets hurt at your property. In addition to protecting you, condo insurance can also help tenants with their living expenses if they have to move out when your unit is being repaired.
• You may be held responsible if another owner or tenant in the building doesn’t pay their share of insurance costs and you have to make up the difference, even though you had no control over their actions.
How is condo insurance better than renters insurance?
A renters insurance policy won’t help you if your condominium is damaged by a major earthquake or hurricane. It also won’t protect you against financial loss if the board of directors becomes insolvent, which means the association doesn’t have enough money to pay for damages.
What happens if I do not have condo insurance?
If your building can’t afford to fix the damage done by a major disaster, such as a fire or hurricane, you will likely have to pay out of your own pocket.
What types of losses are covered by condo insurance?
Condo insurance provides coverage for damage to your unit and its contents due to theft, fire, vandalism and other events that are typically excluded from regular homeowners insurance.
In addition, condo insurance policies often include liability coverage so you’re protected if someone is injured in your unit due to a defective product or a slip and fall incident.
To be eligible for condo insurance, an association must have enough money in the bank to pay the deductible amount for each loss that occurs within its four walls. It must also have enough money on hand to pay the full deductible amount for each loss that occurs within the common elements.
Condo insurance can be complicated, so before you make a final decision on which type of policy to get, or to forego coverage altogether, we invite you to take a few minutes and find out how condo coverage can help you by speaking with one of our experienced agents.
Pleasant Ridge, MI Flood Insurance
Do I need flood insurance?
If you live in a flood-prone area, this question is vitally important. The U.S. government’s National Flood Insurance Program (NFIP) provides protection against losses from flooding. But if your home is damaged, the NFIP typically offers low replacement cost (only up to $250,000) for your structure. That typically amounts to 40% or less of what you paid for your house. The NFIP also offers separate coverage for contents, which can be very expensive, and doesn’t cover everything.
People who want additional flood protection beyond what the federal program will provide must get commercial insurance policies.
What does flood insurance cover?
Unlike the NFIP, a commercially purchased policy covers the full replacement value of a home and its contents, as well as its foundation, electrical systems and major appliances.
A standard flood insurance policy also covers living expenses if you have to live elsewhere while your house is being repaired or rebuilt. Living expenses coverage is limited to a specific time period after the loss, usually 18 months or less, but some policies can be extended with a rider.
A good flood insurance policy may also include damage caused by sewer backup, usually considered an “optional endorsement.” Sewer backup coverage is very important because it can often be excluded under the typical homeowners policy .
What is not covered?
Commercial flood policies typically don’t cover damage to the yard or landscaping. They also do not pay for any additional living expenses, such as hotels, that may occur after a flood.
What else should I know about flood insurance?
Be aware that you may not be able to get flood insurance if your property has suffered repeated losses caused by flooding. The NFIP’s repeat loss clause is designed to discourage people from rebuilding in the same risky location over and over again.
It’s also important to review your policy every year to ensure that the coverage is adequate. You should also be aware that some areas are considered to be too high-risk for private insurers to offer flood insurance.
How common is flooding in Pleasant Ridge, Michigan?
“There are 35 properties in Pleasant Ridge that have greater than a 26% chance of being by flooding over the next 30 years. This represents 3% of all properties in the city. In addition to damage on properties, flooding can also cut off access to utilities, emergency services, transportation, and may impact the overall economic well-being of an area. Overall, Pleasant Ridge has a minor risk of flooding over the next 30 years, which means flooding is likely to impact day to day life within the community.” FloodFactor.com
For more information about the flooding zones in Pleasant Ridge visit: https://www.michigan.gov/egle/0,9429,7-135-3313_3684_3725-11268–,00.html.
Acquiring a reliable flood insurance policy with adequate protection can be daunting, and seeking knowledgeable help is a good idea. Our agents are standing by to answer any questions you may have and to help you get the best rates available on your flood insurance.
Pleasant Ridge Auto Insurance
Why do I need auto insurance?
There are a number of reasons why most drivers choose to have car insurance. Statistically, your most likely exposure to risk is through your vehicle, whether you’re a driver or a passenger. In the United States in 2012 alone, there were over 5 million accidents nationwide, with 2.3 deaths per every 100 accidents — and the cost of damage was estimated at over $700 billion, according to the National Highway Traffic Safety Administration.
Personal liability protection is a must as well. If you’re held liable for damage or injury caused by an accident and don’t have sufficient insurance coverage, you could be bankrupted by your legal expenses alone — court costs are just the beginning. With personal liability protection, your insurer will pay legal expenses on your behalf.
What are the different types of car insurance available?
There are three main types of auto insurance that you can choose. The most common is liability coverage, which covers damages to other people or their property in an accident caused by you. Personal injury protection, often called “medpay” for short, also comes as part of some liability coverage packages. Personal injury covers medical expenses incurred by you or your passengers, no matter who was at fault in the accident. The third type, collision coverage, is only available on newer models and covers damage to your car caused by an accident.
I’m a safe driver. Do I really need to buy collision and comprehensive coverage?
No one can predict the future, and accidents do happen — even to the safest drivers. Collision coverage protects you against theft or vandalism as well as an accident. Comprehensive covers damage caused by non-collision events such as weather, fire, and theft.
Does insurance cover vehicle damage even if I haven’t paid off my loan?
Yes, all banks and lending institutions require the insured (you) to maintain full coverage on a financed car or lose their lien. This means that you can get your car repaired before paying off the loan and still be covered by the lender.
Does an older car need to be insured?
The short answer is yes. Older cars may not be as expensive, but the law requires all drivers to maintain liability coverage for any vehicle they drive with four or more wheels. The minimums are set by state law; however, most insurance companies recommend higher limits of protection (and will often offer a discount for drivers who carry them). So if you have an older car with low value, it’s a handy way to get higher limits of liability at a lower price.
Does my state require me to have insurance?
Yes, all states and the District of Columbia require car insurance before you can register your vehicle. Some states have financial responsibility laws, which require drivers to prove they have the financial resources to pay for damages up to a certain amount in case of an accident.
Michigan drivers must have liability insurance that meets the minimum limits (you can purchase more coverage if you choose) required by law to drive on our state’s public roads and highways. The minimum limits of liability insurance required under Michigan law will vary from driver to driver for any policies purchased after July 1st 2020.
What happens if I don’t carry insurance?
If you’re stopped by the police and don’t have insurance on your vehicle, or can’t show proof that you do, don’t be surprised if you’re arrested or ticketed. If you’re caught driving without insurance after an accident, your driver’s license could be confiscated and/or you could face jail time.
Find the right auto insurance policy doesn’t have to be a hassle. Contact our team today to find out how easy and affordable it is to keep yourself protected on the road.
Pleasant Ridge Boat Insurance
Why should I get boat insurance?
Boat insurance is a way to protect your investment against financial loss. While boat insurance cannot prevent damage due to theft, fire, vandalism or collisions with other vessels, it can help defray the cost of repairs and replacement up to the limits of your coverage. It also provides liability protection in case you cause injury or property damage while using your vessel.
Owners of boats with large engines (over 10 horsepower) are required to carry Personal Injury Protection (PIP) insurance. Some states also require liability coverage that can be provided through an optional “boater’s policy.”
What types of boat insurance are available?
There are three main types of policies: comprehensive, collision and liability. A comprehensive policy covers all types of loss except those which are excluded specifically in the policy. A collision policy covers damage to your boat resulting from collision with another vessel or object. A liability policy can provide protection against personal injury and property damage claims made by others as well as the cost of legal defense if you are sued.
How much boat insurance do I need?
Like any investment, it is important to consider your needs and the financial value of the property. Your boat is a capital asset that can be an expensive pleasure or work tool, so just like your home and car, you should insure it against all potential risks.
What should I consider before buying boat insurance?
Here are some facts to consider:
- The appropriate type of coverage depends on factors such as the size, age and value of your boat
- Most experts recommend replacing a boat every five to 10 years because the value declines over time
- Older boats are less likely to be protected against all types of loss
- Boats stored ashore (rather than on a boat lift or in a marina) may require different coverage
- Your insurance company should detail what is and isn’t covered, including specific information about your boat.
What should I watch out for when buying boat insurance?
Beware of agents or companies that ignore state-mandated boater coverage requirements. Other things to watch out for include:
- Agents who use high pressure sales tactics
- Insurers with limited experience in insuring boats, particularly older models
- Agents who promise coverage for items that are excluded from most boat policies
- Insurers whose rating plans make it difficult to compare premiums from different companies.
Is there anything else I should know about boat insurance?
When you buy a boat, make sure you receive a copy of your policy and keep it onboard. To avoid having your insurance coverage canceled for non-payment, promptly pay any renewal invoices or bills you receive from your insurer.
On the whole, boat insurance is a good value compared to the costs of replacing a vessel. It can also add protection against loss of use and legal liability in case your boat causes damage to other vessels or injury to people.
Determining the proper amount of coverage and the best policy options for your particular craft can be difficult, so let us help. The Heidi Kussurelis Insurance team is here to help you get the best rates and best coverage possible. Contact us today for a free consultation and hit the water with peace of mind.
Pleasant Ridge Motorcycle Insurance
Why do I need motorcycle insurance?
Motorcycle insurance is often required by law when purchasing, leasing or operating a motorcycle. Even if it’s not mandatory in your area, if you are financing or leasing your motorcycle, the bank or finance company will require that you purchase liability coverage.
What types of motorcycle coverage are there?
There are three major components to most policies: bodily injury liability, property damage liability, and physical damage (comprehensive & collision). Other coverage types are available, but these three make up the lion’s share of standard policies.
Bodily Injury Liability provides protection for others involved in an accident you might cause, including medical expenses, legal expenses or court costs that may arise from injuries they sustain. You are required to have bodily injury liability coverage as part of your financial responsibility for operating a motorcycle.
Property Damage Liability provides protection for other property involved in an accident you might cause, such as damage to another vehicle or a fence, telephone pole or building. You are required to have property damage liability coverage as part of your financial responsibility for operating a motorcycle.
Physical damage coverage pays for repair or replacement of the motorcycle if it is damaged in an accident, vandalized, stolen or otherwise harmed. This can be broken down into categories of comprehensive and collision coverage. Though not required by law, physical damage insurance is highly recommended, as it protects you from paying for repairs yourself.
Comprehensive coverage covers your motorcycle against losses from causes other than collision, such as fire or theft. Collision coverage pays for damages resulting from your motorcycle colliding with an object, such as a tree, utility pole or another vehicle. This is often required by banks when you’re leasing the motorcycle.
What else should I know about motorcycle insurance?
Here are a few things you should know about your motorcycle coverage:
- Insurance companies usually charge more for high performance motorcycles.
- You may be required to have a clean driving record for your motorcycle insurance company to provide you with a better rate. This can mean no accidents or traffic violations in recent years, as well as speeding tickets that are several years old.
- Some insurance companies offer discounts on rates if you take motorcycle safety courses.
- Property owners are liable for any damage caused by their motorized vehicle or trailer while on their property, so you should check your coverage to see if you are covered when parking your motorcycle at the grocery store or in a friend’s garage.
- Automobiles do not have an age limit in regard to insurance rates, but motorcycles do.
- Insurance companies will take your claim history and your credit score into account when calculating premiums.
- Make sure to review your coverage before an accident happens because you will likely be required to pay for any damage or injury out of pocket unless you have purchased the proper insurance.
Please ride safely:
- In 2019, motorcycle riders were almost 29 times more likely to suffer a fatal accident than those in an automobile, according to data on vehicle miles traveled from the National Highway Traffic Safety Administration (NHTSA).
- Motorcycle helmets have been shown to prevent more than a third of fatal injuries to motorcycle drivers, and nearly half of fatal injuries to passengers on motorcycles, according to reporting from the the National Highway Traffic Safety Administration (NHTSA).
If you ride a motorcycle, you can find out more about safety and best practices here: https://www.nhtsa.gov/road-safety/motorcycles.
Heidi Kussurelis Insurance proudly provides riders in Pleasant Ridge with the best rates and coverage around, as well as free consultations on all your insurance needs. Contact us today to learn more.
Pleasant Ridge Umbrella Insurance
What is umbrella insurance?
Umbrella insurance, also known as excess liability insurance, provides extra protection over and above existing policies such as auto or homeowners in the event of a serious accident. Umbrella coverage significantly expands your financial safety net when it comes to legal defense fees and damages awarded in a lawsuit, and it’s surprisingly inexpensive.
In this way, umbrella insurance is like an extra layer of liability insurance that goes over your existing coverage, such as auto or homeowners insurance.
In other words, if you have a $500k home and a $1M umbrella policy on top of your regular coverage, that means you’re covered up to $1.5M for any liability that you might incur.
What does umbrella insurance cover?
Umbrella coverage protects you from lawsuits up to the limits of your policy, including defense costs and awards for damages. All policies are different depending on the insurer, but you can generally expect at least the following types of legal protection:
- 1. Bodily injury
- 2. Property damage
- 3. Personal and advertising injury
You’ll receive protection for both compensatory damages (i.e., those awarded to you by a court as compensation for your loss) as well as punitive damages (payout above the amount of your actual loss meant to punish the wrongdoer). If your home or car is damaged in an accident that’s your fault, you’ll be covered up to the limits of your umbrella policy for any repairs.
Previously, umbrella policies only covered accidents that happened when you were in your car or on your property. However, they now typically offer protection when you’re anywhere in the world—at home, at work, when traveling for business, etc.—so long as the accident was caused by your negligence.
Why is umbrella insurance important?
The rise of lawsuits and claims filed against the average person has made umbrella coverage a must-have for most Americans. Umbrella insurance is available in a wide variety of options and is rapidly becoming one of the most commonly purchased types of insurance in America.
If all you have is a minimal medical insurance policy, there’s a good chance that you can double or even triple your overall liability limits by implementing an umbrella policy. Umbrella policies are available for individuals as well as families of all sizes.
Before you make a final choice on your umbrella insurance, be sure to speak to one of our agents to find out how to get the lowest rates and largest amount of coverage.
Affordable Pleasant Ridge Renters Insurance
Your home insurance doesn’t cover everything. Renters insurance is exactly what it sounds like – it’s an insurance plan for renters. If you are renting, or you’re considering renting instead of taking out a mortgage to buy your own home, then you may have heard the term bandied about with some urgency.
So, what does renters insurance cover?
Unlike homeowners insurance, which you need to buy if you have a mortgage for a house or land on which you plan to live, renters insurance is not mandatory. However, it can be extremely beneficial in safeguarding your possessions and providing financial protection from various risks associated with renting.
Renters insurance policies vary widely – they depend primarily on how much coverage you want, and what types of coverage you choose.
But one thing they all have in common is that renters insurance provides liability protection for your living expenses if someone gets injured or their possessions are damaged while on the premises. Typically, renters insurance also covers temporary accommodations if your apartment is deemed unlivable after some kind of disaster, such as a fire or flood.
Liability coverage protects you if someone is injured in your apartment, and their medical bills exceed the deductible on your policy (if you have one). Your renters insurance may also cover damage to another person’s property caused by you, for example, if you accidentally break a window in someone else’s house while moving out.
Even if you don’t have a hoard of expensive possessions, renters insurance may be worthwhile for you. Many renters policies cover your property even when it is stolen outside the apartment building, such as in a robbery. Others include off-premises coverage that reimburses you up to a certain dollar amount per day if your things are stolen while you are traveling.
Renters insurance policies may also include personal liability coverage, which protects you if someone is injured on your property and sues you for damages of more than the deductible. For example, if a friend trips over your child’s toy in your living room and breaks his nose, even though it wasn’t your fault, you could be sued for damages. Personal liability is often required as a condition of your lease, but you’ll want to check the small print before signing on that dotted line.
Despite the fact that renters insurance is not mandatory, many landlords require tenants to have a renters policy before signing a lease. Some landlords offer their own insurance policies for tenants at low cost or even free of charge. But these policies may have many restrictions. For example, they usually cover only the building itself, not your personal possessions.
When deciding whether to get renters insurance, consider how much coverage you want and what risks you face in your living situation.
Can roommates share renters insurance?
Many people decide to rent a place on their own, but some opt to live with roommates. So, when you have a roommate, is it possible to split the cost of renters insurance and get a cheaper rate? The answer is yes! You can save money by splitting renters insurance with your roommate(s).
A bonus to renting with roommates is sharing the rent, but if you are also splitting the renters insurance cost equally your monthly costs will go up and your policy will be covering double the belongings. Split renters insurance cost by square footage; it may be helpful to measure the square footage of your living space and divide it equally among roommates. If one roommate has a lot more square footage than another, you may want to negotiate a slightly higher rent so the roommate with more square footage pays a little bit more.
Heidi Kussurelis Insurance offers 100% free consultations to new renters on the ins and outs of a rental insurance policy – call us today or ask for a quote to find out more.
High-Value Home Insurance in Pleasant Ridge
There are many benefits to high-value home insurance in Pleasant Ridge, MI, but the most important one is that it can help protect your family financially in almost any situation, providing you with peace of mind knowing that your family will be taken care of financially if something happens to your home.
Benefits of High Value Home Insurance
Another benefit of high-value homeowners insurance is that it can help you rebuild your home if it is destroyed in a natural disaster, such as a fire, hurricane, or earthquake. A high-value home insurance policy can provide you with the funds you need to get back on your feet quickly and start rebuilding your life.
High-value home insurance offers important protection for your cherished belongings. If your home is destroyed, almost everything you own could be lost or damaged. A high-value home insurance policy can provide you with the funds you need to replace your belongings, which can help you get your life back to normal quickly after a disaster.
High-value home insurance can also help you pay for temporary housing if your home is destroyed. A high-value home insurance policy can provide you with the funds you need to stay in a hotel or other temporary housing while your home is being rebuilt. This can help you and your family get back on your feet quickly and start rebuilding your life.
Finally, if your home is damaged due to a break in or vandalism, a high-value home insurance policy can provide you with the funds you need to make repairs to your home. This can help you get your home back to normal quickly after such an event.
Protect Your Home and Property
High-value home insurance is an important type of insurance for any homeowner. It can help you protect your family financially, rebuild your home if it is destroyed, and pay for temporary housing and repairs if your home is damaged. If you are a new homeowner in Pleasant Ridge, it’s wise to make sure your assets are fully protected with a high-value home insurance policy.
Review the laws and regulations regarding homeowner insurance policies in Pleasant Ridge, Michigan by following this link: https://www.michigan.gov/difs.
Pleasant Ridge, MI Student Housing Insurance
When it comes to finding a place to live during your college years, there are a lot of things to consider. Not only do you have to find a place that is close to campus and within your budget, but you also need to make sure that you are covered in case of any accidents or damage. This is where student housing insurance comes in.
Ideal Home Insurance for Students
Student housing insurance in Pleasant Ridge, Michigan is typically designed for college students who are living in off-campus housing. This type of policy can provide coverage for your belongings in case of theft, damage, or even natural disasters. It can also offer personal liability coverage in case you are held responsible for any damage that you may cause to your rental unit or to another person’s property.
While student housing insurance is not required by law, it is still a good idea to purchase a policy if you are living in off-campus housing. This is because your landlord’s insurance will likely not cover any of your belongings or liability. Additionally, if you are living in a dormitory, your school’s insurance may only cover the building itself and not your personal belongings.
There are a few things to keep in mind when you are shopping for student housing insurance. First, you will want to make sure that you are getting the coverage that you need. You should also consider the deductible amount and the premium price. Additionally, you will want to make sure that the policy you choose covers your belongings in case of theft, damage, or natural disasters.
Getting the Lowest Rates
When you are ready to purchase student housing insurance in or around Pleasant Ridge, be sure to compare rates and coverage from a few different companies before making a final decision. This way, you can be sure that you are getting the best possible deal on your policy.
While deciding on insurance for your student housing, here’s a helpful breakdown of the different types of federal financial aid programs for students: https://studentaid.gov/understand-aid/types.
Specialty Dwelling Insurance for Pleasant Ridge Residents
Most people are very familiar with standard homeowners insurance, but few are as familiar with specialty dwelling insurance. Specialty dwelling insurance in Pleasant Ridge, Michigan is a type of insurance that is designed to protect homes that have unique characteristics. These characteristics could include things like a home being located in a high-risk area, or a home that is used for business purposes.
The Importance of Specialty Dwelling Insurance
Specialty dwelling home insurance can be a great way to protect your home and your family in the event of a disaster. It is important to make sure that you are familiar with the different types of coverage that are available, and that you choose the right type of policy for your needs. Here are some things to keep in mind when you are looking for specialty dwelling insurance:
Make sure that you understand the different types of coverage that are available. There are many different types of disasters that could happen, and you need to make sure that you are covered for all of them.
You should also make sure that you are familiar with the deductibles that are associated with each type of coverage. Deductibles are the amount of money that you would have to pay out of your own pocket before the insurance company would begin to pay for damages.
Be sure to shop around and compare rates from different companies. There is no single “perfect” insurance carrier in *State*, and you want to make sure that you’re getting the best deal possible.
Understand your Specialty Policy
Last but not least, make sure that you understand the terms and conditions of your policy. This includes things like what is covered and what is not. Make sure that you read over your policy carefully so that you know exactly what you are signing up for.
Specialty dwelling insurance can be a great way to protect your home, so be sure to look at the facts and choose carefully when considered a specialty dwelling insurance policy in Pleasant Ridge, MI.
Air BnB/Short-Term Rental Insurance in Pleasant Ridge, MI
Air BnB/Short-term rental insurance is a must for any property owner who rents out their home on a short-term basis. This type of insurance provides protection in the event that something goes wrong and your guests are injured or your property is damaged. It can also help to cover any lost income if you have to cancel a rental due to an accident or other unforeseen event.
AirBnB Insurance Available in Pleasant Ridge
While Air BnB/Short-Term rental insurance is a relatively new type of coverage in places like Pleasant Ridge, Michigan, there are still a large number of reliable insurance carriers that offer a broad range of coverage options, so it’s not difficult to make sure your short term rental is protected.
There are many benefits to having Air BnB/Short-Term rental insurance, but here are some of the most important ones:
- Protection from liability claims: If your guests are injured while staying at your rental property, you could be facing a lawsuit. Air BnB/Short-Term rental insurance can help to protect you from these kinds of claims.
- Coverage for property damage: If your rental property is damaged while your guests are staying there, Air BnB/Short-Term rental insurance can help to cover the cost of repairs.
- Lost income protection: If you have to cancel a rental due to an accident or other unforeseen event, Air BnB/Short-Term rental insurance can help to reimburse you for lost income.
- Peace of mind: Knowing that you have Air BnB/Short-term rental insurance can give you peace of mind knowing that your property and your guests are protected in the event of an accident or other unforeseen event.
Protecting Your AirBnB Rental
If you own a rental property, make sure that you are properly protected by getting Air BnB/Short-Term rental insurance. It could save you a lot of money and headaches in the long run.
While you’re considering which policy options to include in your Pleasant Ridge, MI short-term rental insurance package, this page provides a wealth of useful tips on how to keep your AirBnB property safe and secure: https://medium.com/@airgms/better-safe-than-sorry-how-to-protect-your-airbnb-property-2be765cec2a0.
Insurance for Landlords in Pleasant Ridge, MI
Most landlords are aware that they need to insure their property against damage, but many don’t realize that they also need to take out landlord insurance. Landlord insurance is designed to protect you from the financial loss that can occur if your property is damaged or destroyed, or if you are sued by a tenant.
Pleasant Ridge Landlord Insurance Options
A good landlord insurance package in Pleasant Ridge, Michigan, typically includes coverage for the following:
- The dwelling itself, including any attached structures such as garages or decks
- Other structures on the property, such as sheds or fences
- Your personal belongings that are kept on the premises, such as furniture or appliances
- Loss of rental income if your property is damaged and you are unable to rent it out
- Legal expenses if you are sued by a tenant
- Medical expenses for anyone who is injured on your property
- While the exact coverage will vary depending on the insurer and the policy you choose, these are some of the most common types of coverage included in landlord insurance.
There are many additional benefits to taking out landlord insurance, including:
- Protection against damage to your property: Landlord insurance will cover you for the cost of repairing or replacing your property if it is damaged by fire, storms, floods, theft or vandalism.
- Protection against liability: If a tenant is injured on your property and sues you, landlord insurance will cover the cost of your legal defense and any damages that you are ordered to pay.
- Peace of mind: Knowing that you are protected against financial loss if something happens to your property can give you peace of mind and allow you to relax and enjoy being a landlord.
More About Pleasant Ridge Landlord Insurance
If you are a landlord, make sure that you are adequately protected by taking out landlord insurance. It could save you a lot of money and hassle in the long run.
Additional landlord insurance resources for Pleasant Ridge, MI can be found here: https://www.michigan.gov/difs.
Top 5 things most people don’t know about Pleasant Ridge, Michigan
- Pleasant Ridge is a suburb of Metro Detroit, located less than 2 miles north of the city.
- Pleasant Ridge was a dry community until December of 2009, when the Pleasant Ridge City Council approved the city’s first bar.
- Many residents of Pleasant Ridge were actively involved in resisting the construction of the middle segment of Interstate 696.
- A study by the Williams Institute in the University of California, Los Angeles shows that Pleasant Ridge has the highest same-sex household ratio in the state, and the seventh highest in the nation.
- Pleasant Ridge is considered part of the Woodward Corridor because Woodward Avenue bisects the city.
Get to Know the Pleasant Ridge Neighborhood
- Located at the junction of Woodward Avenue and Interstate 696, Pleasant Ridge offers easy freeway access to all points of the compass.
- One of Pleasant Ridge’s most visited landmarks is Hedge’s Wigwam, a Native American-themed cafeteria-style restaurant located on Woodward Avenue one block from the original Saginaw Trail.
- In the northeast corner of town, the Pleasant Ridge Garden Club is a longstanding contributor to the beauty of the region.
- In the northwest section of the city, the Pleasant Ridge Community Center is the home of the recreation department – known in town as the “Hub of Fun.”