Last Updated on July 14, 2025 by The Insurance Pros
Do You Need Renters Insurance in Michigan?
Michigan does not require renters insurance by law, but many landlords require it as a lease condition. Whether you’re renting an apartment, condo, house, or townhouse, renters insurance can protect your belongings, your wallet, and your peace of mind.
What Does Renters Insurance Cover in Michigan?
A typical Michigan renter’s policy covers:
Personal Property Protection
- Fire, smoke, lightning
- Windstorms
- Theft or vandalism
- Vehicle damage (not your car, but personal belongings inside it)
Two coverage options:
- Actual Cash Value (ACV)—Reimburses depreciated value
- Replacement Cost Value (RCV)—Covers full replacement (costs more but offers better protection)
Loss of Use
If a covered loss renders your rental unlivable, it covers hotel stays, meals, or temporary housing.
Medical Payments to Others
It provides coverage for injuries sustained by guests on your property, with a starting point of $1,000. This does not cover you or household members.
Personal Liability Coverage
Helps cover legal costs or repairs if someone is hurt at your rental or if you damage someone else’s property. Most policies start at $100,000 in coverage.
Why Landlords Require Renters Insurance in Michigan
Even though it’s not required by the state, many landlords include it in lease agreements for
- Minimize disputes over damage
- Reduce liability risks
- Encourage tenant responsibility
- Ensure tenants are covered in multi-unit incidents (fire, water damage, etc.)
How Much Is Renters Insurance in Michigan?
Average Cost: $10 to $20 per month
Factors That Affect Your Rate:
- Location (ZIP code, crime rate)
- Coverage limits and deductible
- Type of coverage (ACV vs RCV)
- Your insurer and available discounts
Discounts Available
Safety Device Discounts
You could save by installing:
- Smoke detectors
- Fire extinguishers
- Central alarms
- Deadbolt locks
Loyalty & Claims-Free Discounts
- Stay with the same insurer
- Remain claim-free for several years
Multi-Policy Discounts
Bundle your renters insurance with:
- Auto insurance
- Life insurance
Bundling saves you money and simplifies your coverage.
Adjusting Your Deductible
Increasing your deductible could reduce your monthly premium; however, please ensure it remains affordable in the event of a claim.
