Renters Insurance In Michigan
When you rent a home or apartment in the state of Michigan, you need to protect your belongings the same as if you owned. However, the state of Michigan doesn't make getting renters insurance mandatory and it's something that's often overlooked. We at the Winthrop & Gray Company insurance agency highly recommend getting a renter’s insurance policy to protect your belongings against catastrophe. Here's why:
You're Not Covered by Your Landlord's Insurance Policy
A typical insurance policy for a landlord covers the structure and its interior elements. Anything that's not owned by the landlord won't be replaced in the event of a break-in, fire, or flood. You as the renter are on the hook for replacing these items if you don't have renter’s insurance to cover you against loss.
Why It's a Good Idea to Have a Renters Insurance Policy
Renters insurance is very similar to a homeowner's insurance policy in that it covers many contingencies. If you're hosting a party in your apartment and a guest suffers injuries for any reason, the insurance policy will cover medical expenses and can defend you if a lawsuit is filed to sue you for damages. In the event a fire breaks out in your building and renders your apartment uninhabitable, your renter's insurance policy can cover your living expenses at another dwelling while you get your life back on track. The insurance will also provide you with funds for your possessions that were lost in the fire or under any other qualifying circumstance.
Ask yourself if you can afford to replace everything in your apartment in a worst-case scenario. If the answer is no, give us a call today to talk to us about renter’s insurance.
Contact Us Today for a Quote
We at Winthrop & Gray Company insurance agency can help you learn more about what renter’s insurance can do for you when disaster strikes. Give us a call to talk to one of our agents about the benefits of having renter’s insurance and get you quotes for coverage that fits your needs.