The massive windstorm that tore roofs off houses and downed trees across the state also could rip a hole in your budget, which is why experts urge caution with the repair process. Insurance Institute of Michigan spokesperson Lori Conarton says most wind damage will be covered by insurance policies, however those who are renting properties may find themselves in a tough spot.

"They assume maybe, incorrectly, that their landlord will pay for any damage, and that's not the case. The landlord's coverage will cover the building, the structure, but not the contents in it."

She adds that while spoiled food from a power outage isn't typically covered by insurance, items bought to prevent further damage to homes, such as tarps and plastic to cover roofs and windows, are reimbursable, which is why you should hold onto all receipts.