What kind of home insurance should I get?
A standard homeowners policy protects against fire, lightning, wind, storms, hail, explosions, riots, aircraft wrecks, vehicle crashes, smoke, vandalism, theft, breaking glass, falling objects, weight of snow or sleet, collapsing buildings, freezing of plumbing fixtures, electrical damage and water damage from plumbing, heating or air conditioning systems, according to the Insurance Information Institute, a Washington, D.C.-based nonprofit group for the insurance industry.
Such policies are "all-risk" policies, which cover everything except earthquakes, floods, war and nuclear accidents.
A basic policy can be expanded to include additional coverage, such as for floods and earthquakes and even workers' compensation for servants or contractors.
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Contact Information
Joel Nelson Keller Williams Realty Kalamazoo 8075 Creekside Drive Portage, Michigan, 49024
Office: 269-492-7582 Cell: 269 760-1558 Fax: 888-234-7221
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What is an impound account? |
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What is an impound account?
An impound account is a trust account established by the lender to hold money to pay for real estate taxes, and mortgage and homeowners insurance premiums as they are received each month.
Questions about Kalamazoo & Portage Michigan Real Estate?
Ask us below or Call us Now at 269-760-1558
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