How much for home owners insurance in MI?

January 11th, 2012

Question by : How much for home owners insurance in MI?
My wife and I are looking at homes in the 1600 to 2000 square foot range, and are trying to get a ball park figure on home owners insurance. Please don’t answer unless you can provide real numbers. Worst case scenarios are preferred. Thanks.

Best answer:

Answer by mbrcatz
Worst case scenario is insurance is flat out not available.

Real numbers aren’t going to happen. You can’t average a brand new brick house with a 100 year old frame house, even the same size, and get a realistic number. Additionally, your credit score plays a real part, in those rates – and you didn’t mention that, either. Best I can tell you, is when you are looking at houses, the realtor can tell you about what the CURRENT owner is paying for insurance. If your credit score is different from theirs (and it most likely will be), then your rate will be different, too.

So . . .budget somewhere between $ 500 and $ 2,000. If you’re in a high hazard flood zone, you’ll need to add in $ 1500 for that, too.

**ahem. And as for the stupid people comment above, actually, for 99% of homeowners, contents really DO have nothing to do with it. Pot . .. kettle . . .**

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