Why do I need renters insurance

When you are a renter, you may not think about insuring your home. Why should you, you don’t own it? The landlord has to have insurance, doesn’t he?  He probably does, but his insurance isn’t going to protect you. It is going to protect him and his building. Michigan does not require renters to carry insurance, but your landlord or leasing company may. They are doing you a favor by requiring it. At Luft Insurance Agency in Escanaba, MI, we have been in business for almost 20 years and have experienced staff to help with your insurance needs. 

Renters insurance offers valuable protection. It will help to repair or replace your personal property if your rental is damaged or destroyed. Not every hazard is covered, but it does cover common events like fire, theft, storms, and vandals. You own a lot of stuff whether you realize it or not, and having to replace it all at one time may not be possible for you without the help of renters insurance. 

If your rental unit is damaged so severely that you are not able to live in it, renters insurance can help to find you a new place to live until you can move back to your home. It can also pay for a hotel stay while you look for a temporary rental. 

Liability coverage is one of the most important parts of rental insurance. If someone gets injured while visiting you, you can be liable for medical costs and may even get sued. This can cost you a lot of money in legal fees and judgments. It can also help to cover damage you or a family member may contribute to someone else’s property. 

Rental insurance offers valuable protection. Luft Insurance Agency in Escanaba, MI would love to talk to you about how this insurance can provide peace of mind. Give us a call or stop by our office for a no-obligation quote.