Renters Insurance in Michigan

You might think if you live in an apartment or rent a home that your landlord has insurance in the event of a fire, tornado or theft. This is partly true. Your landlord should carry insurance that protects the physical building and grounds from such damage. However, your personal belongings, such as your clothes, your furniture and the sentimental items you've collected over a lifetime are not included in your landlord's insurance. That's where renter's insurance comes in.

Just What is Renters' Insurance?

Renters' insurance, as you could deduce from the name, covers a tenant's personal property inside of the dwelling they rent. This type of insurance also generally includes some liability insurance for instances like a guest slipping on your kitchen floor and injuring themselves. Renter's insurance will also often pay for an alternate place for the policyholder to live should his or her rental unit be damaged due to fire, theft or other covered reason. There's no good reason for doing without renter's insurance. This type of insurance is very affordable, much less expensive than homeowner's insurance.

A good place to start when determining how much renter's insurance to purchase is to make an inventory of your personal property. Attach receipts, if available, and photographs, so it will be easy to show that you really owned those items should you have a claim. For some high-value items, such as artwork, jewelry, guns, and antiques, you may have to purchase an additional policy. Most standard renter's insurance policies have a limit to how much they will cover these items.

To learn more about keeping your personal property protected in your Michigan rental home or apartment, contact The Ryan Insurance Agency in Clarkston, MI today. We've been helping area renters like you for more than a decade.