Finally Putting on that Addition? Take Another Look at Your Home Policy First

Residents in the greater Grand Ledge, MI area often build on to their homes rather than moving into a new one. If you need some more space but really love your neighborhood, an addition is probably something that is in your future plans. There are a lot of benefits to improving your current home, and the team at Bye Financial Group LLC is here to make sure that all of your improvements are covered. Make sure that you take a close look at your current policy before you start any major home improvements, as your coverage levels will likely need to be adjusted.

Increased Space and Increased Value

Additions can help your home better fit the needs of your family. Adding on a new bathroom or bedroom, or creating a new wing off of the back of your house can transform your house into the home of your dreams. There are a few considerations to make before you undertake this huge project, and a quick meeting or call with your agent can get you the information that you need. In addition to increasing your policy to match the new value of your improved home, you will likely want to increase your liability coverage while the work is done.

Your new space will create an increase in value for your home, and it is important that your current policy covers this new value. You may also want to increase the level of your personal items rider at the same time to cover large purchases.

Contact Bye Financial Group LLC today and learn more about how your new addition may impact your homeowner’s policy. We can review all the options that are available to protect your Grand Ledge, MI area home.


How To Keep Your Home In Good Standing With Your Home Insurance Provider: 3 tips,

Do you love your home insurance policy?

Perhaps you’re shopping around for a new policy that gives you the type of rate and coverage you desire. In can any case, if you’re hoping to maintain your Bye Financial Group LLC home insurance policy, here’s what you should do to keep your account in good standing.

1. Comply With Your Policy

If you’re not sure what your home coverage policy prohibits, it might be time for a quick read-through. You should never violate your policy, even if you claim that you did not know you were violating your terms, you might still face a nonrenewal by your insurance provider.

While all policies differ, here are some basic rules of thumb to follow in order to stay in compliance:

  • Don’t make additions to your home without informing your insurance provider.
  • Don’t own pets that might be prohibited by your policy.
  • Don’t own equipment or entertainment options that may be deemed risky by your home insurance provider.
  • Don’t attempt to cover a home business under a residential insurance policy.

If any of the above are discovered by your insurance provider, you may be fined, or you may face nonrenewal. Nonrenewal is when an insurance provider refuses to allow you to renew your policy in the coming year.

2. Maintain Your Home Well

Is your home in disrepair at all? If you maintain your home well, both on the inside and out, you have nothing to worry about.

If you choose not to maintain your lawn or make necessary repairs to your home, you may void your home coverage policy. Address any issues your home may have in order to ensure that your policy pays out in case of an emergency. If you cannot afford professional repairs, do your own handiwork.

3. Know when To File Claims

Do you see yourself filing multiple insurance claims on your home? Perhaps you feel that your home insurance company should know of every little detail, or that your policy should reimburse you for every repair.

However, the more claims you make, the more likely are you to deal with nonrenewal.

Home insurance claims should only be made under truly devastating circumstances. For instance, where a significant portion of the home was destroyed. For example, you should report a house fire.

Are You Looking For A New Home insurance policy in Grand Ledge, MI ? If so, contact Bye Financial Group LLc. We will gladly help you find the policy that works best for you.

Should You Get Home Insurance Even if You Aren’t Required to?

A common question that many new homeowners in Grand Ledge, MI have is if they should get home insurance even if it is not a requirement by the lender for a mortgage. It is not a requirement by the state which is what causes this issue. However, home insurance is a great thing to have according to Bye Financial Group, LLC. These are just a few reasons why you should always have it in place, even if you are not required to. 

  • It is your most significant investment – For most people, their home is the biggest investment they will ever make. They likely cost a lot of money that you had to work hard to get and invest in the home. The last thing you want is to lose it overnight and have nothing to show for all of the hard work and money you put into it. 
  • If it is lost, so is all of your investment – On the same note, if your home is lost because of an incident like a fire, all of your investment is, and you have nothing backing it up to rebuild. You will have to start back over at square one, and that could be devastating. 

With your home likely being your most significant investment, it is almost insanity to not have it covered by insurance. The last thing you want is to lose your home and everything you have put into it with no way of getting it back financially. If you are ready to get a home insurance policy, be sure to reach out to us here at Bye Financial Group, LLC, serving Grand Ledge, MI. We can help you find the right policy for your budget and your needs. 

What to Know About Home Renovations and Your Insurance

Home renovations mean positive changes for your house. With these changes though, comes changes in your insurance policy. Before you even start the renovation process, you should open a policy or request information about the changes you plan on making from Bye Financial Group, LLC, serving Grand Ledge, MI and the surrounding area. 

During the Renovation

It’s possible for something to get damaged during the renovation process. For instance, you might have to place your items outside in a storage container during the renovation, which makes these items susceptible to theft. You might also do damage to your property during the process. When you contact your insurance agency before the renovation, ask if your items are covered during your renovation. Keep in mind; if you can’t store them on your property, you may need a separate policy to cover them. 

Renovations Can Increase the Value of Your Home

When you make certain changes on your home, it increases the value of your property. You want to contact the insurance company to update your policy so it covers these changes, so if something should happen like a fire, you receive an adequate amount of funds to repair your home. 

Make Sure All Contractors Are Licensed, Insured, and Bonded 

A contractor who isn’t licensed isn’t able to get permits and could make a serious mistake during the renovations. Bonding helps protect you in the event the contractor makes a mistake, and if something should happen to a contractor on your property, you could be held responsible if the company isn’t insured. 

Whether you’re already a customer and upgrading your home or want a quote for a new policy before you start renovations, contact Bye Financial Group, LLC, serving Grand Ledge, MI and the surrounding area, today by calling 517-622-5020. 

Had Your Home Renovated? Should You Increase Your Home Insurance Coverage?

If you have renovated your home in the greater Grand Ledge, MI area, you may wonder if you need to increase your home insurance coverage. Here at Bye Financial Group, LLC, we would love to answer this question for you. Read on to find out the answer.

Renovations and Your Home

If you have completed renovations to your home, you will likely need to change your home insurance policy. 

The first reason you may need to change your policy is to cover the new items you placed inside of your home. If you placed elements such as granite, marble, or other higher-end finishings that weren’t there before, you would want to ensure these items are included in your policy. If not, the replacement items for your home in the event of a tornado or other damaging event, may not include the higher-end finishings you just installed. 

The second reason why you may need to change your home insurance policy is to increase your home insurance coverage. If you completed home renovations, you might have increased the value of your home. If you have done so, you will want to have an appraisal done to determine the correct value of your home and then ensure that your home insurance policy covers the new value of your home. 

If you are looking for a new home insurance policy thanks to renovations you completed in your home, contact Bye Financial Group, LLC, serving the greater Grand Ledge, MI area today. We can help you determine what policy limits you need and write up the best home insurance policy for your situation. Also, try our online rating tool for quotes on home and auto insurance from home.

Weathering the Storm: How to Prepare for the Worst

Storms can not only leave you without power or homebound for a few days but can also cause significant damage to your home. Bye Financial Group, LLC in Grand Ledge, MI knows the importance of preparing your home for seasonal storms.To help minimize your damage and protect your Michigan home this storm season, follow the tips below.

Maintain Trees and Shrubs in Your Yard

Whether it is straight line winds or heavy snow in the winter, branches and downed trees are one of the primary causes of home damage during storm seasons. Making sure to remove any dead or damaged branches or trees from your yard will help prevent expensive roof and window repairs.

Keep Your Gutters Clear

Throughout the winter months, ice can build up in gutters, downspouts, and along the edge of your roof. When these ice barriers form, melting snow may have nowhere to go but through your roof. This melting snow may cause water and ceiling damage in your home. Keeping your gutters clear of leaves, debris, and buildup will help to keep the water properly draining and prevent ice barriers.

Address Roof and Siding Issues

High winds and extreme temperature changes can cause roof shingles and house siding to become warped or damaged. Even the slightest cracks can cause water to get through causing damage to the walls and ceiling as well as the potential for mold and mildew. Each year you should closely check your siding and roof for any possible damage and make the necessary repairs.

Make Sure Large Patio Furniture is Secured

During storm season, when outdoor furniture is not in use, it should be secured properly. Heavy winds can pick up large pieces of furniture, knocking them into the side of your home causing window and siding damage.

If you would like more information on how to protect your home this storm season or are interested in a home insurance quote in Lansing, Grand Ledge, or the surrounding areas of Michigan, contact the experienced agents at Bye Financial Group, LLC in Grand Ledge, MI today.