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Your rental home comes with the same personal responsibility as any other property. While you are in the home, you want to make sure that it is safe and sanitary. You also want to make sure the home doesn’t pose a threat to anyone who visits.

It is usually your landlord who makes a home code-compliant and oversees maintenance. However, you are responsible for the home’s day to day safety upkeep. You have a lot of things to consider when making your home's environment safe.

Part of most renters insurance policies is liability coverage. Liability coverage could protect you if you are liable for property damage or injury to another person. If a dog bites your neighbor, the neighbor may sue you to cover their medical bills. If you cause a kitchen fire, your landlord may want you to cover the damages. Liability coverage can sometimes help you in these situations.

Every renter needs to consider investing in liability coverage. If you do so you can protect your assets should you face a liability lawsuit.

As you consider how much renters liability insurance you need, keep these steps in mind:

  • Know what risks your home faces. Could you potentially cause an accidental fire or other damage? Is your pet a bite risk? If so, you might need higher levels of coverage.

  • Consider how much you can afford to pay for damages. You might need higher levels of coverage in case an accident would stretch your finances.

  • Think about the possibility of accidents, how likely are they to occur in your home? Is there a significant fall risk? Could your child or animal inadvertently damage a neighbor’s property?

  • These considerations can help you get the correct liability coverage in your rental.

    You might wonder why you need such high coverage limits. Shouldn’t another person’s insurance help them in case of an incident? 

    The answer is no, not always. That person’s insurance may not fully cover the damages. The affected person may still seek compensation from you. The good news is that many renters insurance policies can cover your legal costs should you have to go to court.

    As you contemplate Michigan renters insurance, know what levels of liability coverage you need. Insurance Planning Service can help you find appropriate levels of renters insurance. You can also call us today at (800) 220-5582 for more information.
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    NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
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    Insurance Planning Service - Mailing Address
    4808 Broadmoor Ave SE | Grand Rapids, MI 49512

    Phone: 734.421.9900 | Toll Free: 800.220.5582 | Fax: 734.421.9911

    Also serving these Detroit area communities in Michigan: Livonia, Farmington Hills, Ann Arbor, Southfield, Plymouth, Canton, Westland, Northville, Novi, Dearborn, South Lyon & Walled Lake