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Home Insurance in Michigan : Real Estate Advice

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Activity 30
Wed Aug 23, 2017
Jimmolchan asked:
Purchased a home with an abandoned underground Propane tank. Didn't even know it was there at the time of the sale, not in disclosure. Now a few months later the propane company wants it…
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Thu Jul 20, 2017
Kathy Burgreen answered:
Any of the insurance companies that advertise on TV or the internet are fine. You have GEICO, Progressive, Liberty Mutual, Nationwide, AllState, etc. They all sell insurance for rentals, co-ops and condos. Just call and get rate quotes.

Is this insurance for a co-op or a rental? I know in my co-op, residents are required to have insurance. In a rental, it's optional, however, it's a good idea to have rental insurance because if anything happens, the landlord's insurance policy does NOT cover anything inside your apartment.
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Fri Jul 15, 2016
Duck12p asked:
Which company do you think offers the best homeowners insurance?
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Mon Jun 8, 2015
Lauren asked:
I've gotten a few quotes ($123, $124 and $145)... Looking at them, 2 are similar ($124 and $145) but the one that is pricier is through my car insurance company so I'm thinking…
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Sat Feb 21, 2015
Kristy Horne answered:
Always shop around when it comes to home owners!! First can the place you insure your car through and see if they do discounts. Call around and go with the price in the middle!
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Sat Dec 27, 2014
yanfive14 answered:
It is ok to have your management companies as co-insured if you purchase insurance for your rental properties and handle all the payments, . Be very careful to purchase property insurance through your managers' Master insurance policy. Then you don't have the control of it. We just had a horrified experience with our former managers Ronald Weaver and Kimberly Weaver in Management Systems Residential in Detroit.

Our former managers have let our property insurance coverage under their master insurance policy lapse for 6 months due to non-payment while still deducting from our rents to pay for the insurance premiums, and exposed our properties and tenants to tremendous risks and liabilities. After we found it out directly from SWBC insurance company about the cancellation on Dec 30th, 2013, Ron Weaver blamed it was a middle agency’s fault.

After MSR reinstated our insurance under their master policy, we had a claim payout from SWBC sent directly to MSR for one vandalised property for a total of over $14,000 in March 2014. Ten months have already passed, we haven’t received a penny from MSR.

The insurance company normally sent the claim payout to the insurer under Master Policy, so it is up to the managers to pass the claimed funds to their clients. I reached out to SWBC for help, Ron Weaver even ignored their request to forward the funds to me. I had to take legal action and got court judgement against MSR to collect money. They ignored the court judgement and still didn't pay.
So it is wise not to use the managers master policy to purchase insurance at all.
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Sat Oct 26, 2013
Jonathon DeVries answered:
If you are looking to save money on the title portion, dig up your old HUD-1 from your closing or a copy of your title insurance policy from your closing, this qualifies you for a re-issue rate on the title insurance. Re-issued title save a lot of money on a refinance. If the title policy itself costs more than $350, you are likely paying too much. ... more
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Wed May 29, 2013
Margo Borkin answered:
I have a great Insurance Rep - Leah Wood at 248-419-3900 that can help you!
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Wed Jan 2, 2013
Donald Stevens answered:
In Michigan you usually have 30 days from the receipt of your personal homeowners policy to notify the agent or the insurance company of any discrepancies in the policy or it will be considered valid and accurate after the 30 days. You can call the comissioners office and ask them, they usually answer questions over the phone then will let you know what is the best way to proceed. Good Luck. ... more
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Mon Jan 16, 2012
Allison Fishwick answered:
good evening

are these properties vacant ?? that often is an obstacle - and then you will have to find a local agency that accomodates vacant houses - If theyare not vacant, then the pertinent questions is WHY? the challange ? have you been dropped from your insurance carrier ?? - No question - you need to get on the phone w/ins. offices - If there are mtges on those properties - that presents another problem in itself - so the question is WHY and then start calling around asap ! sorry - no good answer but legwork on the phone and internet to work on ! ... more
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Mon Nov 28, 2011
Jay Swindle answered:
Call the insurance companies claim office that the property is insured with. Most insurance companies will not give out information with out the homeowners consent. Some insurance companies will run a loss history report when you apply for insurance on the property and they can tell you if there have been prior claims. ... more
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Sat Nov 26, 2011
Sally Grenier answered:
That sounds very high. I would try contacting a local agent for one of the larger, nationally known companies such as Allstate, State Farm, Farmers, etc. You can get discounts for having multiple policies (i.e, auto, home, life, etc.) Shop arround and definitely stay away from those "15 minute" places like Geico & Progressive. You want a local person, with a face to put with the name, NOT some 800# guy. ... more
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Sun Nov 20, 2011
Richard Varney, Jr answered:
A "Vacant Home" or "Builder's Risk" policy would be the solution here. Contact an insurance broker (not an insurance agent) in your area to learn more about this. ... more
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Tue Jun 28, 2011
Trevor Huntingford answered:
Wow! Not a good situation. I had a seller that was 60 days late and they had vacated the house and a pipe burst. They ran into all the same stuff except for the mold. Because we where trying to short sale the property they went through the hassle of having the home repairs (they cut walls 2 feet up and 1 foot down and dryed the walls) and ultimately got the adjuster to agree with their abatement company so they where covered.

In your case if you have no intention of retaining the home and you are caught in this arguement you may want the help of an attorney. I doubt you will find you will have liability for the pipe break and subsequent damage and if you can't get the bank, insurance and abatement companies on the same page you may be just as well to step away and start life fresh.

I don't know that this is a real solution but I would recomend at least one consult with counsel to see if you can get a better picture.

Best of luck,

Trevor
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Fri Jun 10, 2011
Don Maclary answered:
Fri Apr 1, 2011
Donald Stevens answered:
Tenant occupied condo's are hard to get insurance quotes in any state for out of state investors. The reason I know this is because we are usually found after a very exhaustive search by the investor. We write tenant occupied condos even when they are in Detroit for out of state investors and in state investors. Give us a call at 888-438-4544 or visit our website to request a quote.

The Home Insurance Specialists
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Fri Apr 1, 2011
Donald Stevens answered:
Tenant occupied condo's are hard to get insurance quotes in any state for out of state investors. The reason I know this is because we are usually found after a very exhaustive search by the investor. We write tenant occupied condos even when they are in Detroit for out of state investors and in state investors. Give us a call at 888-438-4544 or visit our website to request a quote.

The Home Insurance Specialists
... more
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Mon Feb 7, 2011
John Juarez answered:
Your question implies that you already have a house which is insured. Call your insurance agent and ask your agent the question.
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