Renters Insurance in Michigan
If you’re renting a home, condo or apartment in Michigan, you should know about renter’s insurance. Renter’s insurance can protect your possessions against theft or damage from an unforeseen disaster. At Atlas Insurance Agency in Royal Oak, MI, we offer numerous options for renter’s insurance coverage to provide you with the protection you need. Here’s why renter’s insurance is so important for people who rent a property.
Personal Goods Protection
As a renter, you run the risk of having your goods stolen or damaged by fire, winter storm, lightning strike or vandalism. Renter’s insurance protects your belongings from these and other perils by covering their repair or replacement costs.
Your landlord’s insurance covers his home, apartment or condo, not your belongings. Lack of insurance coverage could cost you a substantial amount of money to replace costly goods on your own. Renter’s insurance covers such items as clothes, furniture, electronics, appliances, artwork and more to help you recover your loss.
As a renter, you’re responsible for accidents that may occur on your property. If a friend is injured while visiting your rental home, condo or apartment, you could be held liable for medical costs. Liability insurance covers the cost of accidental injuries so you don’t have to pay for these expenses out of your own pocket. When purchasing liability coverage, consider how much you stand to lose in the event of a major accident.
Loss of Use Protection
Michigan residents face the threat of numerous natural disasters to include wildfires, tornadoes and severe winter storms. If you have to leave your rental property due to disaster damage, loss of use protection compensates you for your living expenses elsewhere until you can return home. This could include hotel/motel bills, meals out, transportation costs or other living costs.
To learn more about the benefits of renter’s insurance or to purchase a renter's insurance policy, call or visit us at Atlas Insurance Agency in Royal Oak, MI.