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The Importance of Renter’s Insurance | Keego Harbor MI

When you live in a place you rent, you may not realize you need to get additional coverage to protect your property. While your landlord is responsible for the property itself, its maintenance, and paying to fix things as long as they were not broken in an unreasonable way, you still need to cover your own property and belongings. This is what renter’s insurance is for.

Renter’s insurance may be something you thought about but never acted on because it seemed like a hassle, but renter’s insurance is actually incredibly easy to sign up for and wholly affordable. It’s pennies compared to most other insurance costs and covers a whole lot more than you may imagine.

Below is some information on the importance of renter’s insurance.

It’s Incredibly Affordable

Compared to many other forms of insurance, renters is among the most affordable insurance out there. Generally, it costs $100 a year which amounts to less than $10 in monthly insurance payments. While there will be differences depending on your age, the condition of your property, and the location, by and large renter’s insurance is extremely affordable for even the tightest budgets which makes it a no-brainer, especially considering how much it could cost you not to have it.

It Covers What Your Landlord Won’t

Your landlord is responsible for fixing broken appliances, leaks, or other damaged items in your apartment, but they’re not responsible for what a fire may do to your property, or vandalism, theft, weather, or what is generally known in insurance as an act of God. If a fire in your building eats your record collection or you have water damage to your electronics from a rainstorm or, most common, someone breaks in and burglarizes your home, renter’s insurance will cover the losses. For certain items you may need more than the standard policy (such as protection from earthquake damage or floods) but most common forms of damage are included on the standard policy.

You May Be Required by Law

Most landlords are now requiring renters to buy renter’s insurance as part of the agreement on the lease. While landlords do buy their own insurance, that is for the property you live in, not for the items you bring with you and own. Many times, the landlord’s insurance company is actually the one requiring the renter’s insurance on property as a way to get some of the potential burden off landlords in the event of an emergency.

Related Questions

What is covered on the standard renter’s insurance plan?

For standard coverage you will see: vandalism/theft, snow collapse, fire or lightning, damage from vehicles or aircraft, explosions, civil unrest, damage to the water line, and windstorm, among a few others, But it will also depend on where you live.

Does renter’s cover other costs?

If you are forced out of your home or apartment due to a covered loss, (damage, danger, etc.) then renter’s insurance may cover the cost of living while your home is repaired and made livable once again.

Renters Coverage Options

  • We offer to cover schedule jewelry.
  • You can add coverage for incidental business liability exposures such as an office at home.
  • Renters Plus form can add water back up of sewers, and refrigerated products lost due to a power failure.
  • Replacement Cost Coverage for your belongings is available.
  • Equipment Breakdown
  • Identity Theft Expense coverage
  • Special Personal Property coverage
  • Coverage for Laptops or Tablets

Complete Insurance Services Keego Harbor will help you find coverage options that protect you, your family, and your personal property. We are committed to providing the best insurance protection at the most reasonable price. Our insurance needs include Renters, Homeowners, Auto, Business, Medical, Life and more.

Talk to one of our insurance experts about how you can get an affordable renter’s insurance for your home or apartment today! Free Quotes

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The team at Complete Insurance is ready to provide personalized, no-obligation quotes for all your insurance needs.

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Walker & his staff at Complete Insurance Services are second to none. We get personal, timely service on top of unbelievable rates. Have happily recommended them to family, friends & colleagues. If you need insurance, look no further!!
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Walker and his team have gone above and beyond for our family on multiple occasions. By far the easiest company I have worked with for communication.
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I have been insured by Auto Owners Insurance through the Complete Insurance Agency for more than 10 years. John and his staff have helped me through a few houses and a couple of claims. Top notch service from a very professional organization. Thank you for all of your service !
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Best insurance agents I've ever dealt with. I've got my auto and homeowners with them. A few homeowners claims with no problems. Every time I call, they treat me like family and quickly respond to my requests. I have , and will recommend them to anyone.
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Simply the best service anyone can ask for. Been with them for 24 years. Looking forward to 24 more!
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I like the fact that this is a family owned and operated business. They have helped to individualize my auto and home insurance needs. The staff is always helpful in answering my questions. Iv'e been with the company for over twenty years.