Renters Insurance Michigan

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Comparing Renters and Owners Insurance in 2013 in Michigan

The landlord's policy does not cover renter's damages like burglary. There were 65665 burglaries reported in Michigan in 2012. So, to protect one from events like fire, burglary or other disasters renters insurance is required.

Renters Insurance Coverage Types:

Actual cash value policy:
This policy covers the depreciated value of the loss. For instance, that Camera you bought for $1580 might only be worth $790 six months later – and that's all you're going to get for it.

Estimated Renters Insurance for Different House Types in Michigan

House Type Median Rent Estimated Renters Insurance
Single Fam $830 $190
Condo $1,200 $276
Duplex $730 $167
One Bed $600 $138
Two Bed $830 $190
Three Bed $900 $207
Four Bed $1,400 $322