If you live in the greater Rochester Hills, MI area, you may be wondering about home insurance reform. The team here at Guy Hurley McNeil is here to answer your questions and address the concerns that you may have. Give us a call or stop by today to learn more about our area’s home insurance options.

Home insurance reform

After the state passed auto insurance reform measures, many Michigan residents wondered if there would soon be changes coming to home insurance. As of the writing of this article, there have been no such measures taken. This is an area that many people are paying attention to, and there is no doubt that if it does become an issue, there will be plenty of press coverage. 

While we await home insurance reform, it is a great opportunity for residents to take a closer look at their current policies. Many home prices in our area have increased significantly in recent years, and it’s vital that your homeowner’s policy also keeps pace with those increases.

If it’s been a while since you’ve had a review of your insurance portfolio, now is a perfect time. Our insurance needs can change, and we often don’t address those changes immediately. If we wait too long to make adjustments, we may end up with gaps in our insurance protection. Why not take the time now to ensure that all of your ducks are in a row?

We are here for you!

The community of Rochester Hills, MI can count on Guy Hurley McNeil as its insurance resource. We are here for you, whatever you need! When it comes to insurance, you can count on us. Call or stop by our office today.

Rochester Hills, MI area residents may be familiar with all of the recent changes due to auto insurance reform. These policies were enacted in 2020 after being introduced in 2019. These reforms have gotten a lot of people wondering if other insurance reforms may occur in the future. The team at Guy Hurley McNeil is staying on top of the situation to keep our clients informed.

Home insurance reform

Presently, there are no home insurance reform measures in place. Of course, we all know that this can change in the future, but there is nothing active at this article’s publication.

If you are concerned about insurance reform and how it could impact you and your current policies, we are here to tell you not to worry. When it comes to governmental change, these things take time. You will surely hear about any attempts at reform long before they become enacted into law.

There is always a time for discussion after reform is introduced, and those talks usually receive a lot of attention. If you are worried, there’s no need to be, as any change that does occur will take time. And, even after reform is introduced, discussed, and becomes law, the changes will not be immediate. 

Any change voted into law will not be enacted until a future period, and the public will be given plenty of notice. 

Give us a call today!

Guy Hurley McNeil is here to provide the greater Rochester Hills, MI area with the insurance guidance it needs. If you have any questions or concerns about insurance, give us a call or stop by our office today. We are here to help you!

Residents in the greater Rochester Hills, MI area may have heard some recent rumblings about home insurance reform. While this is not happening now, you can rely on Guy Hurley McNeil to pass on any pertinent information if these changes do occur.

Is home insurance reform happening in MI?

Some states are beginning to pass home insurance reforms. These changes are similar in nature to the auto insurance changes that went into effect in 2020. At this time, there is no homeowner insurance reform happening in Michigan. We advise all of our clients to keep in touch throughout the year. If you are speaking to your agent on a regular basis, likely at renewal time, you will stay informed of any relevant changes or reforms that may occur.

Our team prides itself on staying up-to-date on all of the insurance reforms and changes that affect our clients. If there is any reform that occurs in MI, it will likely take some time to pass the legislation. And, once the measures cross this hurdle, it would take some time for the measures to be enacted.

The short answer is that there are no reforms to home insurance happening right now in the state. This does not mean that these changes can’t happen in the future. Maintaining communication with your insurance agent can help you stay on top of the information that you need to know. Count on us for all of your insurance needs.

We are here to answer all of your insurance questions!

If you are a resident of Rochester Hills, MI or the surrounding area, you can count on Guy Hurley McNeil for all of your insurance needs. We are here to answer any questions that you may have. Give us a call today!

If you haven’t taken a look at your home inventory recently, here’s your reminder to update it today. A good home inventory is a complete account of all your possessions, with a visual record, description, receipts or appraisals of worth, and necessary details like serial numbers, make, model, and other relevant information.  This task is easy to overlook but a vital one for a few reasons.

Protect Your Assets

You can’t protect what you aren’t aware you have. An updated home inventory allows you to make a knowledgeable assessment of how much your property is worth. You can make adjustments to your insurance and talk to your agent about additional coverage for items of particular worth if you have a solid understanding of the value of your property. The only way you can do that is to keep an up-to-date list of your possessions. 

Don’t Leave Money on the Table

If you need to make a claim, not having an updated home inventory could cost you money. You don’t want to rely on your memory after a loss to determine what you had. Nor is that the time you want to be scrambling to find proof of what you owned and what it was worth. An updated inventory makes the claims process easier, faster, and ensures you’ll get all the money you deserve. 

Sufficient Homeowner’s Insurance Coverage

It’s easier to do now than it’s ever been before. Cell phones make documenting your items a breeze with a built-in high-quality camera and free and simple apps designed to help you create, maintain, and easily update a home inventory. Plus, you’ll have the peace of mind of knowing your inventory is secure and stored remotely. If you are in Rochester Hills, MI and ready to go over your newly updated list, call or stop by Guy Hurley McNeil today and we can help ensure your homeowner’s policy meets your needs.

With recent changes to auto insurance for Rochester Hills, MI residents and our neighbors around the state, you might be wondering if any potential changes are on the horizon for other important policies like your homeowners’ insurance policy.

When to Worry about Insurance Reform

At Guy Hurley McNeil, we think it’s always a great time to learn more about insurance, but there is a limit to how much information will impact the average person’s experience with insurance. As long as you know your current policy – especially its renewal date – you should be fine. The amount of time between renewals will be different between providers and policies, but it’s usually 12 months. A little before your renewal is the best time to check in with your insurance provider. The provider may contact you about changes that would affect your plan or reminders about your renewal before then, and you can contact them if you have additional questions or just forgot something.

That said, the most impactful policies will likely be in the news while they’re still in the formulating process, and the actual implementation may take a year or more. For example, the auto insurance reform was signed in May of 2019 and took effect in June of 2020. If someone had no other outside contact except to check on their insurance around its renewal dates, they would have found out about the upcoming changes.

The best way to alleviate your worries is by having a quality provider for your insurance. The people of Rochester Hills, MI and the surrounding Metro-Detroit area can count on Guy Hurley McNeil to help you find one.

Most people brush off the importance of having a homeowner’s insurance policy, but if you want to protect your home against damages, be wise and get it. Homeowner’s insurance provides coverage for hazards and perils, including vandalism, fire, theft, riots, windstorm, and hail’s property damage. If you are in Rochester Hills MI, Guy Hurley McNeil Agency provides a range of coverage options for homeowner’s insurance.

Reasons Why You Should Get Home Insurance in 2021

Insuring your home from damages is essential to protect you from financial strain and the emotional impact of damages that need expensive repairs and to add value to your home. The following are reasons why you need to prioritize home insurance in 2021.

Emergencies Are Hard To Plan For

Home insurance protects your home from damages caused by natural disasters like cyclones, tornados, fires, or hurricanes. If any of this happens, or you get robbed, you need insurance to help with reimbursement for damages. Emergencies are unforeseen, so it’s best to be prepared and invest in protecting your home and hard-earned assets.

Repairs are Costly

In the event of a fire to your home, the repairs needed could be very costly. Home insurance helps cover personal liabilities, property damage, medical expenses, and additional living expenses. If your home is inhabitable due to damages from a covered loss, you get reimbursement for additional living costs.

For Peace of Mind

Home insurance is a crucial expense that offers you peace of mind knowing that you are ready for whatever disaster might strike your home. It is a proactive way to protect your home from unforeseen calamities and uncertainties that cause financial strains.

Some things are beyond your control as a homeowner, so give your home the protection it needs with homeowner’s insurance. If you are looking for a home insurance policy in Rochester Hills, MI, contact Guy Hurley McNeil Agency Inc. for affordable quotes or call for consultation on the different types of policies.