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Homeowners insurance is not required by law, but it is usually required by mortgage lenders. It helps protect:
- Your home
- Personal belongings
- Liability exposure
Michigan rates are often higher due to:
- No-fault medical benefits (PIP coverage)
- High medical and claim costs
- Weather-related risks (snow, ice, hail)
- Urban density in some areas
- Fraud and litigation history in certain regions
Yes, most Michigan employers with one or more employees are required to carry Workers Compensation insurance to cover workplace injuries.