Michigan Homeowners insurance varies by thousands

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Homeowners insurance varies by thousands

(Lansing-AP, October 16, 2002, 9:30 a.m.) Michigan regulators say homeowners

insurance can vary by hundreds or even thousands of dollars.

The Michigan Office of Financial and Insurance Services office releases a

" Buyers Guide to Home and Renters Insurance " Wednesday.

Insurance regulators say most homeowners don't know that lower rates are

available. The guide compares current homeowner premiums from the companies

that write most the policies in the state.

Grand Rapids, Dearborn, Detroit, Livonia, Southfield and Warren are among

the communities used for the comparisons. In Southfield, homeowner rates

range from $275 to $3,014 a year. That's for a home and its contents insured

for $147,000.

On the Net: Michigan Office of Financial and Insurance Services,

http://www.michigan.gov/cis

Copyright 2002 by The Associated Press.