I am required to get Renter's Insurance. Where do I begin?

You thought you didn’t need to worry about any other insurance beyond car insurance until you owned a home. Think again! Many apartment complexes are starting to require or already require tenants to have Renter’s Insurance. Although required insurance might seem like a nuisance, it’s a benefit to both the Apartment Complex and yourself and could come in handy down the road. However, if you’ve never had to have Renter’s Insurance you may not know where to begin. Here’s a few ideas and tips on how to begin the process of getting Renter’s Insurance:

First it’s important to know that Renter’s Insurance is put in place to cover a few major things – personal contents and liability. It’s also there to help with the cost of staying in a hotel or staying with a fried if you’re displaced from your home during a claim. Renter’s insurance can also help cover medical payments that arise when a visitor is hurt, and you’re deemed liable.

renters insurance, insurance for apartments, insuring my stuff


Determining your risk and the value of your belongings are two things you’ll need to do to help figure out how much insurance you need. The average renter has $24,000 worth of belongings. That might seem like a high number but as you start to calculate shoes, jewelry, equipment, hygiene products, electronics, books, pots & pans, the number will seem more realistic. Here’s a list to start figuring out how much your belongings are worth.

Next, check out this blog on What information do I need to get Renter’s Insurance? You’ll want to have this information ready before you shop for renter’s insurance so that the quotes you receive back are accurate to what you need. Plus, you’ll save a lot of time having all your information together before an agent starts asking you questions.

Once you have your information and paperwork together it’s time to shop. Start by looking for places near you that offer Renter’s Insurance, but not just any place; an agency that offers Auto and Renter’s Insurance together. You could receive a discount on your Auto Insurance that almost covers the cost of your new Renter’s insurance policy. (Possibly be prepared for an Auto Insurance quote as well.) Ask someone you trust who their agent is and remember, to check Google Reviews for the agency.

home inventory, insuring your stuff


We recommend keeping your policy information organized and filed safely together. Also, consider creating a photo inventory of your belongings that is saved to a cloud-based storage so that you can recall any belongings if a claims situation arises.

If you have any questions, Michigan Insurance Group is happy to help and we do offer Renter’s Insurance quotes. 616.755.3000 | 231.755.3000


Written by Karlee Miller
Creative Admin

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