If you live in a rented house or apartment in Michigan, you may not think about getting insurance to protect your personal belongings. After all, you can’t get homeowners insurance.
But what if your possessions get stolen or damaged in a fire, flood, or any other unforeseen event? Your landlord would cover potential property repairs, but not the value of your personal stuff.
That’s just one example of why you should consider getting Michigan renters insurance. Learn what this type of insurance is and all the reasons why you might need it.
What Is Renters Insurance?
Renters insurance covers the loss or damage of all the personal belongings in your rented home due to theft, fire, flood, earthquake, and many other unexpected circumstances.
It covers all your electronics, appliances, furniture, gym equipment, clothing, and anything else you own and stored inside your rented home.
It can also come in handy if an unexpected yet covered event leaves your home in need of extensive repairs, forcing you to find temporary accommodation. In such an event, it would cover your temporary living expenses.
Renters insurance also covers accidental damage to someone else’s property, as well as legal fees if they decide to sue. Likewise, it covers medical expenses if anyone suffers an injury on your rented property.
Why Do You Need Renters Insurance in Michigan?
If someone steals or damages your personal belongings, or a disaster damages or destroys them, could you replace them all? Even if you can afford it, why go to such lengths when you can cover their repair or replacement through renters insurance?
The same goes for having to live someplace else temporarily until your rented home gets repaired after a disaster or a case of vandalism. With renters insurance, you wouldn’t have to pay for your additional living expenses out of pocket.
What if there’s a fire at your place and it extends to your neighbor’s home? Even worse, what if they get injured? This insurance would help you take care of their medical bills and cover potential legal fees.
With renters insurance, you can get your peace of mind for as little as the price of your morning cup of Joe. You can get the reimbursement you need to get back on your feet quickly.
Types of Renters Insurance in Michigan
There are three main types of renters insurance, depending on the type of coverage:
We’ve discussed them all in detail above, but what events do they cover? What are all those unexpected circumstances in which renters insurance would help?
Renters insurance will reimburse you if your personal property is lost, stolen, damaged, or destroyed due to:
- Vandalism
- Riot
- Theft
- Fire
- Smoke
- Windstorm
- Lightning
- Water overflow
- Damage from vehicles
- Volcanic eruption
- Falling objects
Most insurance companies don’t provide flood and earthquake coverage as part of their standard renters insurance policy. However, there are those who do, so make sure you ask in advance if you would like to have protection against such perils.
Melton McFadden Can Help Provide Renters Insurance in Michigan
If you’re thinking about getting renters insurance in Michigan, Melton McFadden Agency can help. We are one of the best insurance agencies in Michigan and can help you get the right insurance policy for your needs.
We’ve partnered with some of the top insurance companies that offer excellent renters insurance policies at the most competitive prices in Michigan. You can choose from a wide range of options, and we’ll be there every step of the way to help you make an informed decision.
If you have any additional questions about renters insurance, or you want to know more about our agency, available policies, and insurance partners, don’t hesitate to reach out. We’re here to help you get your life back in order and save a lot of money in the long run.Contact us today to get a free quote, and our insurance professionals will get back to you shortly.
