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INTRO TO RENTERS
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What You Should Know About Renters Insurance
It's typically more affordable than many people anticipate. A renters insurance policy can often vary depending on the level of coverage and what's included. Understanding what you're covered for is crucial, so review the terms before you finalize the renters' insurance process.
Is Renters Insurance Mandatory to Rent an Apartment in Michigan?
It's not Michigan state law that individuals need renters insurance to rent an apartment. However, landlords can stipulate whether their tenants need it.
What Renters Insurance Typically Covers
Renters insurance primarily provides replacement cost coverage of personal property within an apartment, such as electronics and furniture. You supply an estimate of the value of your belongings, and your insurance will cover up to that amount. If you acquire additional belongings that surpass the original estimate, it's crucial to contact us so we can adjust your policy accordingly. If something happens, the cost of anything above that original amount won't be covered.
Temporary living expenses are also usually covered if you need to vacate. For example, if your apartment burns down, renters insurance will cover the cost of staying in a hotel and certain other necessities. Liability coverage is also typically offered. It provides coverage if you're legally responsible for damage or injury to another person or property, such as if somebody slips and falls in your apartment and gets a head injury.
Temporary living expenses are also usually covered if you need to vacate. For example, if your apartment burns down, renters insurance will cover the cost of staying in a hotel and certain other necessities. Liability coverage is also typically offered. It provides coverage if you're legally responsible for damage or injury to another person or property, such as if somebody slips and falls in your apartment and gets a head injury.
Key Considerations When Selecting a Policy
There are several considerations to keep in mind when you're selecting a renters insurance policy, including:
- Your lease's stated minimum coverage amount (if any)
- What the policy covers
- Estimated amount of your belongings
- Available coverage limits
- Cost of your premium
- If any add-on coverage is available
- Customer service experience
- Ease of filing a claim if need be
Contact RGC Insurance Today
Contact RGC Insurance today in Coopersville, Michigan, for information about obtaining renters insurance. Request a quote online, fill out our online form, or call one of our knowledgeable team members.
