Renters insurance may be optional, but could you afford to replace all of the personal items that make your apartment or house a home?
Whether you are a first-time renter or have been renting for years, it is essential to be well-informed about what a renters insurance policy can do for you. Michigan renters, especially first-time renters, may assume that their landlord’s insurance is enough to offer the right amount of protection. Do not make this mistake! Sure, he or she may have THEIR building protected but that does not include your personal possessions and liability. A renters insurance policy is entirely different from a landlord’s policy.
There are a few key situations that renters insurance will provide coverage for. For one, it will cover the cost of any damages done to your personal possessions. You may not think you own a whole lot, but just your laptop and flat screen television could run you over $1,000 in replacement costs. Having coverage in place will ensure that you do not face these costs alone.
Renters insurance also offers liability protection. If a friend were to slip and fall on your property, you would be 100% responsible, not your landlord. Medical bills are not cheap!
The best part about renters insurance: it is affordable. This type of policy is not going to cost a fortune and will offer just the right amount of protection for your Michigan residence.
For more information on renters insurance, do not hesitate to contact our experienced agents at Eaton Insurance Services. We would be more than happy to set you up with a comprehensive and affordable plan. Fill out our free quote form online or give us a call at 888-648-8685.